Social and sweepstakes casinos are incredibly popular over the world, especially in locations where real money gambling is restricted. Thousands of players enjoy sweepstakes games each day, so there is a lot of demand for secure sweepstakes casino payment methods.
In this guide, we will be focusing on bringing you the best payment methods to keep your transactions safe. We will also help you find the best payment method that suits you while offering some advice on things to look out for such as transaction fees and processing speeds.
Let’s kick off this guide with a selection of the very best social casino payment methods.
Visa, Mastercard, and American Express are among the most popular types of credit and debit cards available at sweepstakes casinos. You may also find a range of sweepstakes casino prepaid credit card options. These companies are known for offering user-friendly transactions that can be completed by filling out a quick form with simple details. Not only are the payments simple, but they are suitable for purchases and withdrawals too.
However, you must be aware that credit cards may incur a higher fee when compared to debit cards. On average, payments via these methods will take around 3-5 working days for withdrawals. If you are interested in any of these payment cards, look out for the logos to see if they are accepted at your chosen casino site.
Some of the best eWallets around are sweepstakes casino PayPal, Skrill, and Neteller. A great alternative to PayPal is Venmo. Sweepstakes casino Venmo is owned by PayPal, so offers a similar experience to its sister company.
These methods are solid choices for any user because they are highly reputable companies that you know can be trusted. When you use these methods, you will benefit from increased safety thanks to the security protocols. What’s more is that you will also experience rapid processing speeds, to ensure that you receive your winnings in good time.
In addition to this, you will also not have to share any bank details with your casino site directly. Although, you must ensure that you have enough funds in your eWallet balance to cover the cost of any purchases that you may make.
Cryptocurrencies are popular globally thanks to their anonymity and decentralization. All payments are processed through the blockchain, so they will go through several layers of security. You will also benefit from enhanced privacy that is simply not available with fiat currencies, as you will never share any personal details for any payments.
While decentralization offers many perks, it is also one of the biggest pitfalls of crypto. When you process any payments it is done so at your own risk because chargebacks are not possible. Once your payment has been processed, you will not be able to retrieve your funds.
In 2009, Bitcoin launched onto the scene and took the world by storm. Since then, there have been plenty of other cryptocurrencies popping up including Bitcoin Cash, Litecoin, Ethereum, Ripple, and Dogecoin, among many others. On average, crypto withdrawals will complete within a matter of hours, offering the fastest speeds you will find.
When you process any payments via bank transfer, it is incredibly safe because they are coming directly from your bank. To process any transaction, you need to request this with your bank to move the funds. While it certainly is safe, it isn’t necessarily the quickest option as it can sometimes take up to 5-6 working days to receive your winnings.
Having said that, a bank transfer is the best method for moving large amounts of money at a time – making it perfect for high rollers. While most sweepstakes casinos will allow this method, it is most commonly used for withdrawals over deposits.
If you are an Apple user, then you have your own dedicated payment method waiting for you. While Apple Pay doesn’t have a long history, it is backed by one of the largest companies in the world which has certainly helped establish its reputation.
If you have an iPhone, iPad, or any other Apple device, you will be able to access Apple Pay. All payments processed this way benefit from strong security, especially if you activate your Touch ID, as this requires your fingerprint to confirm the transaction. If privacy is important to you, then you will benefit from your casino account not being able to view your phone number or bank details too.
Not all sweepstakes casinos offer Apple Pay, but look out for the logo as it is worth checking out when available.
When it comes to transaction fees, this will depend on your chosen payment method and the casino site – so there are many variables to consider here. However, you will typically not pay any fees on deposits. It is also important to note that if the sweepstakes casino doesn’t charge a fee, the payment provider may do so.
Before processing any payments, you should check with your operator and sweepstakes casino payment methods provider directly to check for any additional fees that may be added. But to give you an idea of what to expect, eWallets and cryptocurrencies are generally low fees, with credit cards and bank transfers usually applying higher fees.
The process of purchasing Gold Coins will vary from casino to casino, but here is an idea of what you can expect to do to complete the transaction.
After joining your chosen sweepstakes casino, you can head to the cashier section to begin. Alternatively, there may be a ‘Buy Gold Coins’ button visible on the site which you can click instead. From here, you should follow the on-screen instructions.
The next steps will include selecting what bundle of Gold Coins you wish to purchase and choosing your preferred sweepstakes casino payment methods. Once you have finalized the payment, your Gold Coins will be added to your casino balance instantly, so there is no delay.
When it comes to collecting Sweeps Coins and redeeming your prizes, the process is a little different. Once you have collected enough Sweeps Coins, you can exchange these for prizes such as cash, gift cards, and merchandise.
When you are ready, you can head to the cashier section and request a withdrawal or your prize. From here, your request will be processed by your sweepstakes casino site and you will receive your prize within the specified timeframe.
When we review sweepstakes and social casino payment methods, there is a list of strict criteria that we look out for to give you the best experience. Here are some of the features that we look out for.
In most cases, deposits and purchases will appear in your casino account instantly. But when it comes to withdrawals, it can take a little longer. Check out the average processing speeds below:
|Credit and debit cards||Instant||Up to 3-5 working days|
|eWallets||Instant||Up to 2-3 working days|
|Cryptocurrency||Instant||Within 24-48 hours|
|Bank transfer||Instant||Up to 6 working days|
It is important to consider the safety and security of your payments. We always look out for encryption technology and if the provider offers discretion. For instance, cryptocurrency payments achieve a high level of privacy thanks to blockchain technology.
On average, deposits are generally free, but this will depend on your payment method. It is essential to be aware of any charges that may be applied and what these are, so we recommend checking this with your chosen operator.
Depending on your payment provider, you may only be able to process a limited amount. For example, some deposits require a minimum of $10. When it comes to withdrawals, some providers will have no upper maximum limit, such as cryptocurrencies, whereas others will.
When it comes to choosing which payment method to use, there are a lot of factors to consider. These will include transaction fees, processing speeds, availability, security, and much more. All of these are just as important as each other, so it can be difficult narrowing down your search.
This guide has introduced you to five different payment methods and highlighted some of the variables to look into. Check out our recommended picks to see which one is the most convenient for you.
Whether you already know which payment method you prefer or are still considering your options, understanding the availability of specific methods is important. Check out our guide for an introduction to some of the most popular methods.
When it comes to requesting a withdrawal, it is natural to be concerned about any added fees that may be applied. With this in mind, we have provided an overview of what you can expect in this guide.
The payment method that you choose will come down to your individual preferences. There are a lot of factors to take into consideration, which we have highlighted in this guide to get you started.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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