Top 10 online gambling payment processors (Part 1)

In a land based casino or on a cruise ship, players must periodically walk over to the casino teller to buy poker chips, as not too many professional gambling operations will allow players to throw cash or their watch onto the table. So too, at online casinos, players must use payment processors to fund their accounts and, when required, collect their winnings.

Most online casino sites offer many methods by which players can fund their accounts. While essentially they all serve the same purpose, they can vary with regard to fees, speed, duration, popularity, portability, and ease of use. While Jackpot Finder won’t bore readers with nitpicky analysis of every online payment process serving internet gambling websites, we have endeavored to identify the ten best for servicing the needs of the typical player.

As usual, we’ll start with the bottom of our shortlist:

#10. iDEAL is a Dutch payment processor owned by Currence. Participating banks include ABN AMRO, Fortis, and ING Bank.  Together with other cooperating banks, iDEAL services most of the Dutch internet banking market.  Using iDEAL, players are secured by two-factor authentication (2FA) and players never need to share sensitive information, such as credit card numbers, with online gambling operators or other merchants. iDEAL payments are best made at Go Wild Casino.

#9. Postepay is an Italian payment solution marketed by the Italian Post Office. It provides users with a prepaid card connected to an electronic purse, instead of a bank account. These cards can be used almost anywhere that a credit card or debit card might be accepted, including at ATM machines.  They are very popular for making internet purchases. The Postepay card is also accepted worldwide. At Italian Post Offices, both charging and withdrawing costs only €1. Postepay payments can easily be made at All Jackpots Casino.

#8. Sofort Überweisung (a.k.a. Direct ebanking) is a payment method developed for Austrian, German, and Swiss residents. Its supported by 98% of all banks within these nations and now providing some support for the United Kingdom and Belgium. It enables direct banking with the user's internet bank account. Using only a the owner's account information, transfers are easy, fast and secured with 128bit payment servers.  Although users of Sofort are insured against fraud up to €5,000 there has never been an instance of a customer being a victim as a result of a bank transfer.  Moreover, bank transfers are considerably cheaper than credit card payments. Sofort Uberweisung are accepted by All Slots Casino.

#7. POLi is an online payment system developed by Centricom Pty Ltd, an internet payment processor dually based in Cardiff, United Kingdom and Melbourne, Australia. Services are available for residents of both countries and New Zealand. Online gambling operators and other merchants can instantly oversee the transfer of funds even when clearance may take several days. Meanwhile, consumers can keep their private information secure.  After installing POLi’s software, POLi ‘s user are also better empowered to control their account balances and finances. POLi payments are accepted at Go Wild Casino.

#6. PayPal is one of the world’s most famous e-commerce solutions, owned and popularized by eBay. It is operating in 190 markets and transferring funds worldwide in 19 currencies.  Paypal can be funded both by credit card or electronic bank account debit. Recipients of Paypal transfers can (1) establish their own PayPal deposit account, (2) request a bank transfer, or (3) request a check from PayPal.  PayPal charges fees for their services depending upon the types of currencies sent and received, the amount of currency, the locations of both senders and receivers, and the recipient’s account type.  Numerous restrictions and limitations mean that PayPal won’t be right for everyone, but the flexibility and portability of this solution makes it one of our favorites. PayPal is currently not accepted at many sites and we highly recommend 32Red Casino and Party Casino for PayPal deposits.

Jump to Part 2 of Top 10 online gambling payment methods.