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Online Casino Banking & Payment Methods

The best online casinos offer a wide range of secure deposit and payment options. They include credit cards, debit cards, online banking, PayPal, Venmo, prepaid cards, and various other methods. This page will break down the key deposit options at your disposal, and we will discuss their key strengths and weaknesses. Read on to discover a payment method that suits you.

Most popular banking options for online casinos

Apple Pay

Apple designed this digital wallet to be safer, simpler, and more private than alternative payment methods. Apple Pay offers Face ID for secure authentication, as well as keeping your data private.

Apple Pay Casinos
Cash at the cage

Most online casinos welcome cash payments at the casino cage. In states such as New Jersey and Michigan, an online casino needs a deal with a retail casino to operate legally, allowing cash deposits in person.

Cash at cage casinos
Credit cards

You can use Visa and MasterCard at every licensed online casino on the market. Most accept Discover, too. You may occasionally find that American Express is available, but that is rare.

Credit card casinos
Debit cards

Debit cards are linked to your bank account, and you can use them to spend your money. That separates them from credit cards, which allow you to borrow money and repay it at a later date.

Debit card casinos

An e-check is simply a digital version of a paper check. It uses the Automated Clearing House (ACH) to transfer funds from your checking account to an online casino’s bank account.

Gift cards

Some online casinos will accept gift cards as payment. That can be a gift card backed by a card issuer—Visa, MasterCard, American Express, or Discover—or it can be a branded gift card sold by the operator.

Gift card casinos
Online banking

You can make a deposit account directly from your online bank account. Choose your deposit amount and then select your bank. You will be redirected your online banking, where you will need to confirm the payment.

Online banking casinos

PayPal is one of the most convenient ways to fund an online casino account. You do not need to enter any card details on a web form. Simply enter your PayPal account and confirm your payment.

PayPal casinos

PayNearMe allows you to deposit and receive a custom barcode summarizing the transaction. You then proceed to a nearby retail or convenience store, like 7-Eleven, to complete the deal with cash.

PayNearMe casinos

Most online casinos offer branded Play+ cards. These are prepaid cards that allow you to make instant deposits and rapid withdrawals. Just sign up for an casino’s Play+ card and add from your bank account.

Play+ casinos

Skrill is an electronic wallet that acts as a sort of intermediary between your financial institution and the online casino site. Like other e-wallets, such as PayPal or Venmo, they charge a small fee.

Skrill online casinos

Venmo is another popular digital wallet owned by PayPal. It is similar to PayPal in many ways, as they both offer free payments from linked bank accounts and charge comparable fees for payments.

Venmo online casinos
Wire transfer

A wire transfer is a useful deposit option for players who want to make large payments. It transfers funds electronically via a global network that is administered by banks and transfer service agencies.

How to deposit to an online casino

It is easy to make a deposit at an online casino. Just follow these steps.

Deposit screen for BetMGM Casino

Visit deposit section

Visit the account section of the online casino and select “Deposit.”

BetMGM deposit section of website

Choose deposit amount

Enter the amount you would like to deposit and choose one of the methods provided.

Deposit confirmation screen at BetMGM Casino

Confirm deposit

Provide your payment details and then click or tap the screen to confirm the transaction.

BetMGM Casino after deposit made.

Start playing

The funds will arrive instantly and be reflected in your account balance.

Tip icon
Most online casinos have a minimum deposit of $10.

How to withdraw winnings from an online casino

The withdrawal process is very similar. Your withdrawal will be processed using the last method you made as a deposit.

How to withdrawal at BetMGM caisino

Select your account

Return to the “My Account” section or the cashier section and select “Withdraw.”

How to withdrawal at BetMGM Casino

Choose withdrawal amount

Type in the amount you would like to withdraw and confirm the request.

How to withdrawal from BetMGM Casino

Approve withdrawal amount

Some online casinos offer automated payout systems, so your request may be approved automatically. Yet most casinos require manual approval, and processing times can vary from one site to the next.

Paypal login screen

Verify funds deposited

When your withdrawal request is approved, the funds will be released. They will show up in your account rapidly if you go for a method like PayPal, Venmo, or Play+, but funds processed via bank transfers and other methods can take a few business days to appear in your account.

Fees, KYC, and tax forms

Most US accepted online casinos do not charge fees for deposits or withdrawals. However, a fee may be charged on wire transfers. Some methods come with associated fees, too. For example, PayNearMe often charges fees for its service. The fee can range from $1.99 to $3.99 per transaction if you want to make a cash payment at a local store, such as CVS or 7-Eleven. Meanwhile, Play+ payments are free, but it charges a $2 fee for ATM withdrawals or e-check transfers to your bank account.

You will need to be verified before you can make payments at an online casino. Some operators may be able to verify you automatically using the details you entered on the sign-up form. However, you may need to supply additional documents to complete Know Your Customer (KYC) checks. If so, a scan of your driver’s license and a recent household bill should suffice.

Any gambling profits are deemed to be taxable income. You will need to pay federal and state taxes, but only if you end the year in profit from all gambling activities. Losses can be deducted from wins for tax purposes, so you will only face liabilities if you end the year in the black. If you win $1,200 or more from online slots, an online casino should send you a Form W-2G, and a corresponding copy is sent to the IRS, ensuring it has a record of your larger wins. It is helpful to maintain a record of wins and losses, as that will make it easier to compile your tax returns.


Most online casino players find that PayPal is the easiest deposit method. It does not require you to enter any card details, making it a quick and convenient option. Venmo and Play+ are similarly easy for deposits.

PayPal and instant withdrawals are the easiest withdrawal methods at online casinos. Both options are quick and secure, which makes it popular among online casino players.

You do not need a credit card to deposit at an online casino. There are lots of alternative methods, including debit cards, online banking, an e-check, a prepaid card, PayPal, Venmo, Skrill, a wire transfer, cash at the cage, or PayNearMe.

Your winnings will immediately be reflected in your account balance when playing online casino games. You can then withdraw them via several methods, including Play+, PayPal, Venmo, a bank transfer, an e-check, a debit card payment, a bank wire, or cash at the cage. However, some methods will only be available if you have used them for a recent deposit.

Written by
Martin Green
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