For the comment above...you honor us oh wise moderator Zuga!
Where to start with the best and worst payment methods for casinos. I've used plenty throughout the years so i'll summarize.
Cryptocurrencies like bitcoin, ethereum, litecoin etc. are really fast!! It gets my praise the most! I use Coinbase to proceed with my deposits so I can play on Mbit casino which I also claim the 5 mbtc bonus that LCB gives out in their shop (don't tell them, they'll know they're on to us lol).
I can proceed to withdraw my crypto after verification and documents then when I proceed to make the request to an address it takes minutes to an hour for the withdrawal (due to the confirmations) to hit my Coinbase thereby I either send it to other casinos to make other deposits or send it to Paypal to convert it to $.
The best about this is that in Coinbase for your cryptos you can convert any crypto into another like for example Bitcoin to Ethereum so it's versatile! It's such a sexy shapeshifter like Mystique from the Xmen.
The problem to this is that there are fees involved. It's necessary and I trust Coinbase much more than the other sites that I delved into like Blockchain or Gemini. So fees for buying and selling crypto are $1.49 from $20 worth of BTC deposit and going up, that also applies to Paypal for withdrawing the balance back to my bank for a small % fee.
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For Canadians like myself Interac E-transfers have been a blessing especially if you hold a bank that does unlimited transactions. For the people who don't, it holds a $1 per transaction give or take depending on your bank. A pretty simple process of making a deposit with this method, copying the message code on the page, going onto your bank online/app, E-transfer tab then sending this amount to Gigadat with the message code. I'd admit it gets tedious to do it the 1st time but it gets really simple after! Within 3 minutes the deposit is in my casino account.
For withdrawals once processed you know you'll get money when Gigadat sends you a reference email along with a text message containing the password and another email saying Gigadat sent you $3200 for example. You need the text message and the email containing the amount in order to accept the $$$. The process takes 1 - 3 days. On average just a business day for me, even 2 at the most. Don't you hate it when you win big on Friday and end up waiting for the 2 pieces to come by on Monday/Tuesday?
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Next on my list is Paysafecard! A simple process of going to their website to purchase a voucher for $10, $30, $50 etc. with an added fee of course and logging into my email to find that long voucher code so I can go back to Paysafecard to input it into my account!
Deposits in casinos are instant however with the withdrawal process of it I had other options so I don't have an opinion about it. Paysafecard used to have this store regarding points until they shut it down, sometimes they have contests for PINS too.
Paying the fees and the amount you want is what make's this method fast. This same method is what got me going when Skrill stopped their business with us Canadian's around 2015 which later was reinstated however not to it's fullest.
With this method it's not only the fees but the fact that Paysafecard doesn't have $20 as a voucher choice.
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Skrill, as it's former name Moneybookers, before 2015 in my opinion is one of the best when it comes to depositing money. It just requires your email login provided your bank or cards are linked. Before 2015 it made depositing less of a hassle because I was using Visa as a method of payment when the aforementioned methods weren't aware to me yet. Back then using my card was a mistake, it made me somewhat insecure about security and protection! I miss those days but now Skrill wants me to move on. If I remember correctly Skrill/Moneybookers and Neteller go hand in hand!
Ever since 2015 with them giving me another chance I never came back because I made a deposit into my Skrill only to find out that I can't use the balance to gamble so I withdrew the amount back into my bank with less than what I put in.
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Visa/Mastercard gets recognition as this was one of the ways I had fun! This takes me back to Party Casino hitting that Cash Flash jackpot on Golden Oasis and the many download platforms were such a blast. 32red, Vegas Palms, All Slots, Canbet, there were so many! Playtech casinos too were really good to me with my Visa! It's a straight forward process of entering your card details into your casino account with the 3 digit code. Verification for me took a while long but sometimes the only way to withdraw my cash was through another method like a bank or wire transfer like in Betvictor for a minimum $200 but don't get me wrong, Visa there is only $10 minimum.
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Paypal isn't really a method I can use since this deposit only applies to players in the UK and possibly others. I've always seen it but never had access to it as a gambling purpose. I use this only as a foundation to the other methods mentioned to receive cashouts and for unrelated purposes like shopping online.
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Muchbetter has to be the last on my list so I'll go ahead with the best first. Muchbetter is pretty simple, it's login contains a 4 digit password. Once in, I enter an amount to deposit then I choose the method of payment so in this case, Interac E-transfer. It's the same process as an Interac E-Transfer with the code and the "less than 3 minutes" wait. Once it's inside my Muchbetter account I send it off to the casino by accepting the request. I do like that this method has a cash contest for collecting points from deposits!
Your wondering why I still use Muchbetter instead of just going through an Interac E-Transfer straight away is simple. There are casinos out there that don't even offer Interac E-Transfer so I use Muchbetter to successfully bounce my deposits to the relevant casino(s).
The reason Muchbetter gets the worst payment method is because of that annoying verification process! This is 1 of 2 of my problems! Getting my passport to be verified was awful! There was this frame on my phone that takes the document "automatically" so I had trouble fitting everything in. I could only take the picture if it's up close and it required me to get all 4 corners which it doesn't take the picture in that moment!
The app doesn't allow me to take the pictures manually and on top of this I needed to take a selfie using this oval indentation that has to be clear! Again everything has to meet "their" requirements! Should it not then I'd have to repeat the process over again. Lol better lighting, angles, clarity.
To make matters worse their excuses of having "high volumes" were repeated like the year before but in Summer. I lost my Bitstarz withdrawal waiting for a Muchbetter bank statement from them. By the time I received it 2 weeks later everything was over, it was too late! Goodbye $520.40!
My 2nd reason for Muchbetter for being the worst is I would need a phone and my computer to make the transaction work so if I deposit in a casino with Muchbetter for $50 I'd load Muchbetter using Interac, log into my bank to complete the transaction with the message code, come back to wait for the amount to enter my Muchbetter account, go back to the casino to make the $50 request then log into my Muchbetter account via my phone to accept and send the $50 request just to complete it!
I'd like to see more fresher payment methods that we don't commonly use that we as players can use! Dai, Celo, Augur cryptocurrency, Neosurf, anything uncommon to us or brand new!
That's my summary! Crypto gets it all and Muchbetter to me is Muchworse!
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