Gambling online casinos for real money would be impossible without digital payment options. Several casinos usually support several payment methods, and you could decide to leverage a number of options to make your deposits and withdraw accordingly.
Federal law requires that all online platforms that involve some extent of transactions make provisions for some payment options end users could choose to roll with. As you would expect, the top 10 most reliable online casino Philippines using Gcash have guidelines catering to this.
An increasing number of casinos provide options for players to make payments in cryptos instead of Fiat money. Additionally, you could opt to fund your account in dollars even if you make your deposits in pesos. We’ve covered the more popular payment options alongside their perks in the remainder of this article.
Credit Cards / Debit Cards
Chances are you’ve used a credit card to make purchases online or even to make deposits at your favorite online casino. So, you might be familiar with it and how to use it.
Several online casinos in the Philippines would often allow you to make deposits lower than the prescribed minimum to get a shot at playing. The most popular brands tend to be Visa, MasterCard, and AmEx.
You are allowed to access your deposits a few moments after making them. However, remember that you may be required to present an ID and possibly tender your credit card statement before accessing your card.
Popular Credit Cards And Debit Cards Used At Online Casinos Accepting Philippines Residents
The most common payment cards Philippine online casinos prefer are Visa and MasterCard.
Visa and MasterCard
With these cards, you can fund your gambling wallet directly from your bank based on whether you prefer to pay your issuer later (with a credit card) or you’re comfortable sticking with only the funds available in your account (a debit card). Some of the extra quirks of these cards are:
Payments in Pesos? – Yes
Supported at online casinos? – Yes
Fraud Detection Support? – Yes
Minimum deposit – 1295.88 PHP
Maximum deposit – 25917.50 PHP
Transaction fees – Depends
Cryptocurrencies
Cryptos are the new kid on the block in digital payments. They are an increasingly preferred option to Fiat money. They are trendy because of the lack of transaction fees and fast payout time compared with other options. No payment method guarantees your full winnings as quickly as possible.
There’s also that other perk of anonymity. Considering that all you need to make withdrawals is your wallet address, you need never have to worry about getting discovered if you do not fancy it. Here are some notable cryptos most sites accept:
Bitcoin (BTC)
Bitcoin Cash (BCH)
Litecoin (LTC)
Ethereum (ETH)
Cardano (ADA)
Solana (SOL)
Ripple (XRP)
Stellar (XLM)
Dogecoin (DOGE)
Chainlink (LINK)
Shiba Inu (SHIB)
Avalanche (AVAX)
Binance Coin (BNB)
E-Wallets
Electronic wallets allow you to store your funds with third-party providers, away from your bank and credit cards. If an attacker managed to get hold of your credit card details, they wouldn’t be able to do much damage, especially if you’ve stored most of your funds in these wallets.
Topping up your e-wallet is as straightforward as linking your credit/debit card and carrying out some operations. Considering that you can only spend the funds available on the credit card, it’s a great hedge against extravagance.
Popular eWallets Accepted At Philippines Legal Online Casinos.
There are two major digital wallets associated with online casinos. They are Skrill and Neteller.
Neteller
With Neteller, you can withdraw money from a casino without needing your bank-issued credit/debit card. Their custom Net+ card allows you to fund your gambling wallet or withdraw your winnings as quickly as you need.
The company has been processing online transactions for gambling casinos as far back as 2000.
Transactions in Pesos? – Yes
Supported at Online Casinos? – Yes
How to Fund? – Use your credit/debit card, bank account, or prepaid card to fund your eWallet
Fraud monitoring – Yes
Minimum deposit – 518 PHP
Maximum deposit – 129587.50 PHP
Transaction Fees – None
Skrill
Established in 2001, you can fund your Skrill wallet by wire transfer, paying with a card, or some other platform-specific payment options they offer. You could then choose to fund your gambling wallet with that or transform it into cryptocurrency.
Transactions in Pesos? – Yes
Supported at Online Casinos? – Yes (Doesn’t enjoy it as much as Netteller, however)
How to Fund? – Use your credit/debit card, bank account, or prepaid card
Fraud Detection Supper? –Yes
Minimum deposit – 518 PHP
Maximum deposit – 129587.50 PHP
Transaction fees – None
Wire Transfers
This type is somewhat outdated and inefficient these days. As you would expect, to make a deposit via a wire transfer, you need to get in touch with your bank and fill out paperwork.
The notorious downside to this payment method is the hefty transaction fees and the number of intermediaries associated, especially if you’re making an international payment.
Consider sticking to the modern payment options rather than wire transfers. They don’t have as many delays associated with making payments as you’d find with these types.
Paper Cheques
Last on our list is paper cheques. With this payment method, a courier delivers checks issued by the casino. You cash out the check in a bank to get your winnings. If the whole idea of waiting for some weeks to get your check and ultimately needing to cash it out in a bank seems archaic, consider switching to digital options.
Final Thoughts
If you prefer gambling at online casinos, you’d need to make monetary transactions at some point—however, several scammers and hackers are ready to crack your details and cause you financial injury.
Thankfully, each payment method we’ve discussed has intrinsic fraud protection mechanisms and features to keep your financial details and money safe. You need never worry about exposing your details as they are well guarded with state-of-the-art encryption systems.
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