Best eWallets for Online Casino 2024

Gambling online can be a great source of fun and entertainment but you need to be able to transact quickly, securely, and with ease. This is where eWallets shine. While many players prefer to simply use their credit/debit card, eWallets offer similar convenience but with more security.

There are many eWallets to choose from, and there are some options that are specific to certain countries or regions. However, they all essentially work the same way. Some of the most popular and widely accepted eWallets include Skrill, Neteller, EcoPayz, and PayPal. Before we explore these options and others, let’s take a closer look at what eWallets are, how they work, and the pros and cons.


What is an eWallet?

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.

How to apply for an eWallet?

Getting an eWallet like Skrill, Neteller, and others all follow a similar process. Here are the key steps to opening an account:

  1. Go to the website of the provider or download their app from the respective app store.
  2. Choose the option to register or open an account.
  3. Complete the registration form. You will need to provide various personal information and if you plan on using a credit/debit card to fund the account, then that info too. You will also need to choose the default currency for your account.
  4. Set a strong password and confirm it.
  5. Once you complete the registration, you will need to verify your new account by completing the relevant KYC (Know Your Customer) process. You will have to submit ID documents, a utility bill, and possibly other information.
  6. When the verification process has been completed, you can then use your eWallet.
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How to Deposit with an eWallet at an Online Casino?

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!

How to Withdraw with an eWallet at an Online Casino?

To withdraw funds from your casino account to your eWallet follows a similar and easy-to-use process as depositing:

  1. Log into your casino account and go to the cashier tab.
  2. Choose the withdraw option.
  3. Enter the amount you want to withdraw and submit.
  4. The casino will then process your request and transfer the funds back to the same eWallet account you used to deposit. With many casinos, if your casino account is fully verified already, the withdrawal is processed instantly, and your funds will be in your eWallet within a couple of minutes.
  5. Enjoy your winnings!
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eWallet Fees

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.

Safety and Security

The biggest selling point of eWallets is the increased security of using these digital payment wallets. When transacting online, you want peace of mind that your personal and payment information remains secure and confidential. Here are some of the key things that make eWallets a secure option:

  • Encryption – This is pretty much the de-facto with any online payments nowadays, but it is worth mentioning that all eWallet transactions are encrypted. In order for a casino to be able to process transactions, they have to integrate with an API directly to the eWallet company and all of this is encrypted so no one can intercept the transactions.
  • 2 Factor Authentication – 2FA allows you to set an extra level of protection before a transaction is approved. 2FA can include receiving a text message with a unique code each time you transact, it could also use an authenticator app like Google Authenticator which generates a unique code for you every 30 seconds. 2FA has become an industry norm for most payment methods nowadays.
  • Privacy – This is one of the biggest security features. When using an eWallet, you only need your eWallet email address and password. When you transact with the casino, you don’t have to provide your credit card details and worry about how this info is stored. With an eWallet, the casino does not see any personal details except the email address which cannot be used without the password and 2FA.
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Pros and Cons of eWallets

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.

The Most Popular eWallets

In the competitive space of online payments, there are a variety of eWallets to choose from. Here will explore some of the most popular eWallets.

  • Neteller – Established over 20 years ago, Neteller is one of the oldest, most well-known, and widely accepted payment options with online casinos. Neteller is available in more than 180 countries and supports almost 20 different currencies. Most importantly, Neteller is a reliable and reputable company backed by a solid and licensed British company.
  • Skrill – Another leader when it comes to eWallets is Skrill. Formerly known as Moneybookers, the company has also been around for over 2 decades. Skrill is very similar to Neteller in how it works but Skrill supports more currency options.
  • PayPal – PayPal certainly needs no introduction and is the pioneer of online payments. While PayPal is accepted in 200 countries and supports 25+ different currencies, it is not that widely accepted by casinos.
  • EcoPayz – While not as popular as the above options, EcoPayz provides an excellent eWallet service in 45+ currencies. EcoPayz has also been around for 20+ years and is known for its low credit card transaction fees.
  • WebMoney – WebMoney is another very popular eWallet for gambling sites. WebMoney is not as widely supported as some of the big names mentioned and it is restricted to certain countries.
  • InstaDebit – This growing brand has become increasingly popular in recent years and is a fast, safe and convenient eWallet for all your online gambling.
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Choosing an eWallet

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.

In Conclusion

eWallets are a safe, fast, and convenient way to transact with online casinos. They provide additional levels of security and are widely supported by most betting sites. While eWallets have their advantages, it is important to take note of some of the disadvantages too, like transaction limits or jurisdiction issues. Lastly, you need to choose an eWallet based on your specific needs to ensure it gives you the functionality and cost-effectiveness you want.

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eWallet FAQs

What is the difference between a cryptocurrency wallet and an eWallet?

Essentially, the only real similarities are that both are used for storing, transferring, and receiving money. A cryptocurrency wallet is very different from an eWallet in how it works, the security, and the transaction process. Crypto wallets are designed specifically for crypto, and crypto transactions. eWallets are used for storing fiat currencies, however, some providers have started offering crypto custodial services, but it is not the same as a true crypto wallet. eWallets are run by centralized organizations whereas crypto is decentralized.

How fast are eWallet transactions?

Transactions from one wallet to another are almost instant, with funds reflecting within a minute or two. The delays that you may incur are dependent on the casino and their respective terms and conditions. When you deposit funds into your casino account, this is generally immediate. With regards to withdrawals, it all depends on the casino’s withdrawal process and if they review each request manually or if it is automatic.

Can I request a “chargeback” with an eWallet?

Chargebacks are typically associated with credit cards where you can request the credit card company to reverse a charge if it was an unauthorized payment. With eWallets there are certain instances where you can get a transaction reversed, for example, a stranger got your account details. However, you will have to prove it wasn’t you before it will be considered.

Can I still get a casino bonus when using an eWallet?

This all depends on the casino. Unfortunately, a lot of casinos don’t offer a welcome bonus, or other bonuses when using certain eWallets. There are however some online casinos that offer eWallet-specific bonuses, that may or may not be better than their regular bonuses. If you are unsure, reach out to casino support and ask them.

Can I withdraw from the Casino to an eWallet?

The general rule in the casino world is you can only withdraw to the same method used to make the original deposit. If you deposited with an eWallet, the casino will process the withdrawal back to the same eWallet account.