Online casino payment methods
Bookmakers nowadays prefer to provide a broad choice of methods for consumers to withdraw their wins as real money and deposit funds into their casino accounts. Most of them enable consumers to use their credit and debit cards. That's not all; the best online casinos USA also provide a variety of electronic wallets and online payment options. It is not uncommon for these platforms to enable their users to make deposits and withdrawals using services like
- PayPal;
- Neteller;
- Skrill.
Certain casinos also offered bank transfers and even cryptocurrencies.
Each of the many casino payment methods has its own set of fees, minimums, and maximums. This implies that consumers should be informed of the expenses to choose the system that is most convenient for them. Also, keep in mind that on certain platforms, some systems may only be allowed for deposits, but not withdrawals. The terms and conditions always inform about all these aspects. When choosing the best online casinos for US players, all of this should be considered, regardless if someone wants to play real money table games, slots, or any other form of entertainment.
Credit cards
Credit cards have the advantage of being almost universally accepted. Most casinos accept VISA, MasterCard, American Express, and Discover. A disadvantage of using credit cards is that some of them have comparatively high fees when compared to other methods. Another disadvantage might exist when it comes to withdrawing funds. When compared to E-wallets and cryptocurrencies, usually credit cards are the payment method that takes the longest time to recover the funds withdrawn by casino users.
E-wallets
The casinos that currently exist offer different E-wallets. There are plenty of PayPal casinos out there. However, besides PayPal, other compatible systems include Skrill and Neteller. They have the advantage of making the payment process extremely simple. However, a disadvantage is that not all casinos offer them.
Cryptocurrency
Bitcoin casinos have been operating for a while already. However, this is not the only cryptocurrency that is accepted by these establishments. In general, some compatible cryptocurrencies include Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. The advantage is that the process is also simple. However, few people are completely familiar with them, which might be a disadvantage.
To make this process simpler, many online casinos work directly with some crypto exchanges, to allow members to exchange cryptocurrencies quickly for fiat money and vice versa.
How do online gambling sites earn money?
The main purpose of any top online casino is to earn money. Nobody can deny that. While there are many games of skill where luck plays a smaller factor, there are also games of chance that might be more suitable for any new casino player. There is a concept called the house edge, which amounts to how much the casino, on average, keeps when players spend time on each one of its games.
In more general terms, online gambling sites earn money in a manner that is easy to understand. In simple terms, the amount of money that casinos get from the deposits made by players is larger than what players receive in terms of rewards. Of course, for this model to work, casinos must have hundreds or thousands of active players.
How do RTP works for different casino games
RTP is a concept that means Return To Player. It is usually a percentage that normally is above 90%, and shows how much of all the funds spent by all players in a game are returned, on average, to players through prizes and rewards.
The idea behind this concept is quite simple. For example, if a certain game claims to have a 95% RTP, it means that out of every 100 dollars spent in a game, players get 95 dollars through prizes and rewards.
RTP is also related to another concept known as volatility. It refers to the frequency and size of the rewards given. A game of high volatility will usually give rewards quite sporadically, however, those rewards will be larger. On the other hand, a low volatility game gives more frequent but smaller rewards.
