The most convenient payment methods for online casinos with Malta license

One of the most important consideration that players have when choosing an online casino is the convenience and security of an operator’s payment methods. They worry that they may lose money or have their information accessed by scammers ultimately costing them. The most ideal casinos are those that provide safe and convenient methods and have an operating license to give their players the added confidence. 

Casinos licensed in Malta provide many payment methods so that all players can find something that is convenient to them. The payment methods can be classified into four major groups:

Credit and debit cards

The credit and debit cards option are the most convenient for many players since this is a method that they are already familiar with. Credit cards such as Visa, MasterCard or American Express; and debit cards such as Maestro and Visa Electron are accepted at many online casinos. These methods can be used to make deposits instantly into online casino accounts to start playing right away. This method may require additional security processes depending on the casino but these generally involve just inputting some basic personal information. A player can link their credit or debit card to their online casino account so that withdrawals can be made later when they become due.

Players who are concerned about using their main cards to play in casinos may opt to use prepaid cards instead. These cards are not attached to your bank and therefore do not have your personal information. Some of the cards accepted in most Malta-based casinos include Entropay and Astropay.

 E-Wallets

Electronic wallets are the newest and most convenient way of depositing funds into a player's casino account. They are also known as E-Wallets and can be used for deposits at various online casinos. These wallets are safe and secure to use since they offer many customer protection features. Some popular e-wallet platforms include PaySafeCard, Skrill (Moneybookers) Neteller and Paypal. Most of these e-wallets accept players from all over the world.

Cryptocurrency

One of the most secure methods of depositing funds into an online casino account is through cryptocurrency. This is a digital currency that can be used for making deposits at some reputable online casinos. The major cryptocurrencies available for use are Bitcoin, Etherium, Dogecoin and Litecoin. Cryptocurrencies use a peer-to-peer technology for making payments on the Internet without any involvement from financial institutions such as banks. If players are worried about security issues, they can keep their money in an online wallet that supports cryptocurrency or they can withdraw it and keep it in tangible form.

Other payment methods

Most Malta licensed casinos also offer other payment methods aside from the three major methods. these include:

Bank transfer

This is the oldest method of depositing money into an online casino account and it involves making a direct deposit from one's bank account. This method usually takes between 3-5 days to complete and is not the most efficient since players will not be able to start playing immediately after making a deposit.

Offline cash payments

This involves depositing cash in person in a casino or using a wire transfer service. It is ideal for players who want to make deposits offline but it can be inconvenient since it involves travelling to reach the closest casino.

Mobile phone bill payments

Players simply need to enter their mobile phone number during registration and they can then use their mobile bill to make regular payments into their account.