August 6, 2020

Payment Methods at Casinos Without a License

Payment methods at casinos without license

Several payment methods are supported by online casinos without a license. The most ones include credit cards, e-wallets and cryptocurrencies. So, which method do you prefer? Let’s talk about each payment method and why it’s great.

What are the most common payment methods in an unlicensed casino? 

These are the most common payment methods you would find in an unlicensed casino:

  • VISA
  • MasterCard
  • Skrill
  • Neteller
  • PayPal
  • Paysafecard
  • Instant Banking
  • Cryptocurrency

A note for Nordic players

If you want to play at foreign casinos without a Nordic license, you might not find payment methods such as Swish. In some cases, it is possible to use Trustly. However, it is not common. Players from this region can choose Instant Banking as a convenient alternative, especially if they are looking for fast withdrawal casinos.

Debit cards - VISA and MasterCard

A payment method that you can see at all of all casinos without a license is the traditional debit card. You can use your VISA or MasterCard to make a deposit or withdraw winnings. Deposits with debit cards are usually made immediately, while withdrawals can take 2-5 banking days. The problem is that most unlicensed casinos have put a stop for Swedish players trying paying with VISA and MasterCard, if the cards are connected to a Swedish bank account.

Trustly

Trustly is one the most used payment method at online casinos in Scandinavia, licensed or unlicensed. This is because of the simplicity and the security that comes with this banking option. You can make a transaction direct from your bank account to your casino account instantly by just verification through BankID or NemID.

Instant Banking

Instant Banking is a new secured payment method to use at unlicensed online casinos. It works in such a way that your account is linked to your telephone number and transactions are verified via BankID or NemID. Those who want quick access to online casinos must choose Instant Banking as a banking method.

Klarna - Pay With Invoice At Casinos Without License 

Previously, it was possible to pay with an invoice at casinos without a license. However, this was something that disappeared in connection with the new gaming laws implemented in 2019, especially in Sweden. If you choose to play at a casino with a Nordic license, you may still be able to pay by invoice. This is something that is generally possible with Klarna.

The e-wallets - Skrill, Neteller and PayPal

E-wallets are preferred for fast transactions. Usually, withdrawals with e-wallets take place immediately, which means that in the event of a win, you will see the money in your account within a few seconds. E-wallets are very popular in the gaming world and preferred by players. The most common e-wallets are Skrill, Neteller and PayPal.

Cryptocurrency

In some unlicensed online casinos, it is possible to pay with cryptocurrencies such as Bitcoin Litecoin and Ethereum. If this is a payment method that you prefer, you can check out our list of recommended crypto casinos right away. 

Why isn’t Swish available?

You cannot use Swish in online casinos without a Nordic license because the payment provider does not work with foreign casinos. The brand is a member of the European Mobile Payment Systems Association and was jointly launched by six major Swedish banks in 2012. It is associated with Bankgirot and the Central Bank of Sweden, which tells us about its Swedish core. Needless to say, Swish is subject to gambling laws laid down by the government of Sweden and hence cannot function at no-license casinos. If you are looking for an alternative, Instant Banking and Trustly are a good option.

Are the payment methods at unlicensed casinos safe?

Even if the casino in question does not have a Nordic license, you do not have to worry about the security of transactions to and from the casino. The payment methods supported by casinos without a license are secure and reliable. They offer end-to-end data encryption so a player’s personal and financial security remains un-compromised.


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Author

Vincenzo Davari
Vincenzo Davari

An iGaming enthusiast that have worked with online casinos and betting since 2017. Ex-chief editor for a sport news outlet, Vincenzo is the stalwart of the team who dares to dream big. He knows content that could be a player’s ticket to a million bucks. A quiet achiever, he believes in working in silence and letting success make the noise. He is also the one who ensures everything in the team works the way it should. We can always bet our boots on that

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