Since the online gambling market is getting more competitive by the day, online casinos in the Philippines decided to offer their players more than a few payment options among other benefits. Online casinos like 22bet, 1xbet, Betwinner, and others offer over 50 different payment methods for depositing and withdrawing. These methods include credit cards, e-wallets, and numerous cryptocurrencies.
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Deposit Options at Online Casinos
Online casinos tend to offer as many different payment methods with depositing and withdrawing limits that are acceptable to most players. Don’t be surprised if you find over 50 different payment options in a single casino. These methods are usually categorized so you can navigate through them more easily. Often you will find sections like recommended or most used payment options, but also sections credit cards, e-wallets, payment systems, and cryptocurrencies.
Perhaps the most favorable payment among Filipino punters, Gcash. This method is supported by many banks in the Philippines and it only supports the local currency of the Philippines. Transactions are processed instantly and there are no additional commissions and costs.
Visa and Master’s cards are widely used throughout the world for many purposes and they found a way in online casinos as well. They offer quick transactions, they are easy to use, usually offer acceptable transaction limits, and don’t include additional fees. Funds can appear on your casino account almost instantly, and you can withdraw your winnings to your credit card in a day or two. It is worth mentioning that American Express has just begun its career in the Philippines
With wire transfers, players link their bank account with the account they opened in an online casino and make safe money transfers. This is a low-cost solution for those who don’t have or don’t want to use other payment methods like e-wallets, cryptocurrencies, etc. Processing time for transactions using wire transfers is usually from 1-3 working days, and fees are often low, but they depend on your bank.
Bitcoin, Ethereum, Binance, and other popular cryptocurrencies are finding their way to online casinos, and players seem to enjoy them. Several online casinos in the Philippines offer over 40 different cryptocurrencies from which you can choose. Transactions are made instantly, but it can happen that you will be charged a high fee. Also, in some online casinos limits for withdrawal using crypto are higher than you want them to be, so make sure to check that before depositing as well.
The most popular e-wallets that you can come across in online casinos are Skrill and Neteller. As their companies merged recently, it is most likely you will find at least one of these in an online casino. They offer instant transactions with low fees and are a great option if a casino doesn’t accept credit cards, or players don’t want to link their casino account with their credit card for any reason. These payment methods are known for multi-layered security and competitive deposit fees. Another popular e-wallet is Paytm from India.
PayPal is another popular e-wallet that you will come across in online casinos in the Philippines. Even when it isn’t presented in the list of available payment methods in an online casino, punters would still use it by linking it to Gcash. Usually, when transferring your funds via PayPal, you won’t be charged a fee by the casino. However, PayPal reserves the right to charge its own fees. When it comes to the processing time of PayPal transactions, funds are usually transferred instantly.
The core of this payment method is that it is easy to use. Players simply need to use a voucher with a unique 16-digit PIN to directly deposit funds into an online casino account. These vouchers can be bought in brick-and-mortar stores in over 40 countries. You can deposit via Paysafe Card instantly, and in most cases, online casinos won’t charge you any fee.
Withdrawal Options at Online Casinos
When it comes to withdrawing the money from your account in an online casino in the Philippines, you can expect more than one payment method available. These methods include bank transfers, e-wallets, payment systems, and cryptocurrencies. At the time of writing, the most popular payment methods for withdrawal are e-wallets and different cryptocurrencies, mostly because you can withdraw your winnings from your casino account instantly.
Digital e-wallets are useful solutions when t comes to depositing and withdrawing from an online casino. Operators in the Philippines usually offer Skrill, Netteler, EcoPayz and sometimes PayPal, but rarely. If you don’t want to withdraw from your bank account, e-wallets are a good option. Transactions are made instantly, and fees are low most of the time.
In most online casinos in the Philippines, you have to use the same cryptocurrency for depositing and withdrawal. These days you have plenty of cryptocurrencies to choose from, online casinos don’t only offer Bitcoin, Ethereum, and other pioneers in this field. Depending on the online casino of your choice, transaction limits for withdrawal may be higher than you want them to be, and can even go from $100. High fees are something you will come across as well, so make sure you check those before choosing one of the offered cryptocurrencies from the casino’s list. Besides these disadvantages, transfers are safe and secure, they are under the radar and processed instantly.