Best eWallets for Online Casino 2024

An eWallet, also sometimes referred to as a digital wallet is an online service where you are provided with an account to store funds and can make online purchases, transfer to others, and most importantly deposit and withdraw at online casinos.

With an eWallet, you do not need to reveal all your personal information to the merchant, like you would do with a credit card, which makes them especially secure.

When transacting with eWallets at an online casino, transactions are nearly instant, so generally, you can start playing within a minute or two. In terms of withdrawals, many casinos offer instant withdrawals, which means you can enjoy your winnings sooner, without delays. Some eWallet services also provide their users with a debit card (varies by country) which can be used to withdraw cash from ATMs all over the world.

While the process of initially opening an eWallet account takes a little effort, it is well worth it because transacting with an eWallet at a casino is super easy and intuitive. Follow these steps to deposit:

1. Log into your casino account and find the cashier tab. Then, select the deposit option.
2. Choose the eWallet option you want to deposit with.
3. Enter the amount you want to deposit.
4. Input your eWallet email address or account number and password.
5. Within a few moments the transaction will be approved, and your casino account balance will update.
6. Start playing!

eWallet providers obviously don’t provide their services for free. There are various fees charged depending on where you live, the currency you intend to use, and how you plan to fund your eWallet account. Bear in mind the fees will also vary between eWallet services.

In essence, you will be charged a fee by the eWallet provider for each transaction which is usually quite negligible. The vast majority of casinos these days do not charge any additional fees.

The one key fee to take note of is if you plan to use a currency with the casino that is not the same as your eWallet default currency. The rate of exchange used by the service providers will determine how much money you actually get to play with or withdraw. The rate is generally more favourable than banks and credit cards but this also depends on the currencies in question.

As can be expected, eWallets have their advantages and disadvantages. Let’s take a closer look at some of these:

Advantages of eWallets

• Convenience – The biggest advantage of eWallets when it comes to casinos is convenience. Almost all casinos nowadays accept some of the most popular eWallets like Skrill and Neteller.
• Speed – Casino deposits and withdrawals are fast, with most transactions being completed within a matter of seconds.
• Security – As mentioned, eWallets have plenty of security features that are ideal when gambling online, especially since you don’t need to reveal any personal information.
• Cost Effective – While there are fees, eWallets are cheaper than traditional banking options like credit cards and wire transfers.
• Manageability – All eWallets have easy-to-use dashboards and apps where you can manage and track payments easily.
• Reliability – eWallets are very reliable in that transactions are almost always approved. Whereas it is not uncommon for credit card payments to be rejected by credit card processors or banks, this is especially prevalent in certain jurisdictions where online gambling is illegal or there are grey areas when it comes to the legal landscape.

Disadvantages of eWallets

• Restrictions – Not all eWallets are available in all countries and jurisdictions.
• Additional Administration – You need to fund your eWallet with a payment method like a credit card or bank account. This means you need to manage multiple payments.
• Fees – While fees are generally low and an advantage, there may be additional fees charged by the credit card company if you use it to fund your eWallet. As mentioned earlier, there may also be unfavourable exchange rates applied when using different currencies.
• Bonus Limitations – Unfortunately, not all casinos allow you to claim a bonus when using an eWallet, so always check this in the terms and conditions.
• Deposit & Withdrawal Limits – There are typically limits per transaction applied by casinos. If you consider yourself a high-roller and transact large amounts, then an eWallet may not be the best option for you.

Not all eWallets are created equal, so choosing the best eWallet for you is an important decision. Here are a few factors to look at when picking the right one for the best casino experience.

Availability – First and foremost, check to see if the eWallets you have in mind are available in your country.

Accepted & Supported – If you already have a favourite casino that you play at, then check to see what eWallets they support, as this will help you narrow down your options. However, also check if you will still be eligible for bonuses with that eWallet. If you haven’t chosen a casino yet, then while doing your research on which casino to pick, be sure to check their eWallet options and terms.

Fees – The fees between different services can vary wildly. Some offer free account-to-account transfers or even free withdrawals to your bank account. Take a look at the fees charged per transaction, credit card deposit fees, inactivity fees, currency exchange fees, and more. You need to consider your scenario and which fees are most important to you.

Support – You want peace of mind that if you need help, you can get it quickly. Some providers only offer email support, whereas others have a ticketing system. There are also providers who have telephone and Live Chat support. Unfortunately, some companies are very poor at responding and it can take days to resolve issues.

Extra Perks – Many eWallets provide other value add services such as issuing VISA/MasterCard debit cards, so you can withdraw from ATMs and even shop offline globally. Some providers also have exclusive casino bonuses and offers that you can claim through them.