There are many ways to pay for goods and services online today; one of the slowest methods is the traditional bank transfer.
It can take anywhere from a few hours up to a few days for some bank transfers to be processed, which begs the question, will we see bank transfers become obsolete?
What are the most popular online payment solutions?
Around the world, there are many different ways to pay for goods and services. You have traditional online payment solutions, such as direct bank transfers and credit and debit cards, plus you also now have Alternative Payment Methods (APMs), such as digital wallets and cryptocurrency.
When people pay for items at websites or, for example, to top up their online casino, sports betting, or poker account, some of the most popular payment options used at the checkouts are the following:
- Prepaid cards/vouchers – Paysafecard, CashToCode, AstroPay, Flexepin, Neosurf
- Direct/instant bank transfers – Trustly, Interac, POLi, InstaDebit, SOFORT, Bank Wire Transfer, iDebit, Giropay, iDeal, Euteller, Instant EFT
- Cryptocurrencies – BitCoin, DogeCoin, Avalanche, Ripple, Fantom, Tron, Tether, LiteCoin, Solana, Cosmos, Cronos, Polkadot, and Ethereum, to name a few
- Digital wallets (also often called electronic wallets, web wallets, or e-Wallets) – NETELLER, PayPal, Skrill, WebMoney, ClickandBuy, eZeeWallet, Jeton, ecoPayz, EPS, Google Wallet, Apple Pay,
- Credit and debit cards – Visa, MasterCard, American Express, JCB, Diners Club, Maestro, Solo, Laser, etc.
Several other tried and tested online payment solutions are available to shoppers and online casino players worldwide. Each site is different regarding which payment methods it accepts at the checkout.
For example, some other popular APMs that people like to use today at the checkout are Venmo, Microsoft Wallet, Facebook Pay, Samsung Pay, Paytm, Astro Pay, and AliPay. You also have Zelle, LifePay, Wise, Dashlane, Gcash, Paycloud, and Gcash, to name a few.
Will online bank transfers become obsolete?
It’s not likely that online bank transfers will become a thing of the past any time soon. For example, many online casino players still prefer to use bank transfers to top up their accounts, especially in the US.
These same players also like to use this reliable method to withdraw their winnings, which is why sites like these will continue accepting bank transfers as a viable payment solution.
Which online casinos still accept bank transfers?
If you’re looking for an instant bank transfer casino, the good news is that there are many trusted sites to choose from. It looks as though this popular, secure, convenient, and reliable payment option will always be available at sites like these.
If you’re based in the United States, some of the best online casinos that currently accept bank transfers in their cashier section are the following trusted sites, all of which have been fully reviewed for you on the official Time2Play.com website:
- Golden Nugget Casino (which has a 91/100 rating score)
- Sugar House Casino (89/100)
- Borgata Casino (88/100)
- Resorts Casino (85/100)
- Pala Casino (80/100)
- Fortune Coins Casino (77/100)
- Tropicana Casino (73/100)
Although some deposits with bank transfers can take as little as a few hours, in most cases, you can expect to wait anywhere from one to three business days). If you’re unlucky, it can take three to seven days.
For some people, this transaction processing time is just too long, so they look to APMs that process deposits instantly and withdrawals in just a few hours.
Instant/direct bank transfers are the oldest payment solution, and for many players, they will remain their number-one way to pay for things.
Are cryptocurrencies accepted at online casino sites?
Yes. A growing number of fully licensed online casino sites accept one or more cryptocurrencies. At some online casinos, sports betting sites, dedicated poker sites, and bingo sites, cryptos can be used for deposits or withdrawals only.
At other sites, the cryptocurrency payment option can be used for deposits and withdrawals.
What’s the legal minimum age to play at licensed online casinos and other real money gambling sites?
In most countries, for most forms of legally and socially accepted forms of gambling activities, it’s 18. However, for casino gambling in US states where it’s legal, you must be at least 21 years of age. You may also find that in some Canadian provinces, you must also be at least 21 for certain forms of gambling.
Should I look to use an APM when I’m next at the checkout?
If you prefer using instant bank transfers to pay for things, and that option is available at the checkout, then there’s no need to use an APM. However, it might be worth looking for new ways to pay for things as a backup, just in case bank transfers do eventually become obsolete.
Is it safe to use instant bank transfers at online casinos?
Yes. It’s perfectly safe to use the instant bank transfer payment option when depositing and withdrawing at online casinos, but only at fully licensed sites like the ones mentioned above that are controlled by reputable operators with excellent backgrounds and reputations.