These Payment Methods Work at Unlicensed Casinos
Online casinos without license offer multiple payment methods to their players. While the choice largely depends on personal preferences, certain circumstances determine what should be an ideal pick. Below, we have reviewed some of the payment methods that may be worth considering when depositing money or withdrawing winnings.
- Credit Cards
- Bank Transfers
- Instant Banking
Certain European countries restrict players from using credit cards for casino banking. This is primarily because these cards are issued by banks that are affiliated with the government of these countries. For instance, banks are restricted to allow their customers to make any transactions to and from an unlicensed casino. German banks block deposits at online casinos made with credit cards. To deposit credit cards, players need to choose foreign banks or local banks that permit such transactions.
When it comes to casino banking, e-wallets are the most convenient methods. Of them all, Neteller and Skrill are two major players that are widely used and extremely popular among online gamblers. While some digital wallets might be blocked or unavailable for Nordic players, Skrill and Neteller are almost always available as payment methods. Alongside, other small players such as ecoPayz, AstroPay, and Entercash are often spotted in the list of payment methods at unlicensed casinos.
Although their popularity is not as huge as that of the aforementioned two methods, the chances of deposits going through via them are greater. We know the list of e-wallets is incomplete without mentioning PayPal. However, this is one banking method that is yet to become mainstream.
Bank transfers are exactly what they sound like – a monetary transaction that happens directly via a bank. Also known as wire transfers, the process involves funds getting transferred from the player’s bank account to the operator’s bank account. Unfortunately, only a limited number of online casinos without a Nordic license currently support this payment method. We believe that this number will increase soon. Watch this space for more details.
This method dismisses the need to use a bank account or credit card information to make a casino deposit. In many ways, PaySafeCard works like a digital voucher. This payment method requires that you pay in advance and then have access to a code with which you can make payments. You can also make payments via Paysafecard’s website. Once you receive a code, you can use this to make deposits at unlicensed casinos that support the method.
Instant Banking is another web-based payment option that is popular with players in the Nordics because they can use their unique BankID or NemID to access the casino and make deposits. The method allows immediate withdrawals and deposits, ergo the name. You can use Instant Banking without downloading any special app. It covers all banks on the Nordic market, including big as well as small players.
Cryptocurrencies such as Bitcoin, Litecoin, and Ethereum are payment methods that are accepted at many unlicensed casinos, especially if they are Curacao-regulated. The main advantage of using a cryptocurrency is anonymity. When you pay with Bitcoin, Litecoin, Ethereum, or any other cryptocurrency, neither the Nordic gambling authorities nor other foreign authorities such as the MGA, UKGC, or Curacao e-Gaming can block your payments.
Owned and operated by the Stockholm-based Trustly Group, Trustly enables instant banking at casinos. The company is licensed and regulated by the Financial Supervisory Authority and serves across Europe. It is a payment method of choice among Nordic players primarily because of the security it offers and the convenience of using BankID and NemID to make deposits. Although online casinos with Trustly as a payment method are rare, they are much sought-after.
If you invest some time in studying different foreign casino sites, you will find that the selection of payment methods on them is relatively large and varied. When discussing payment methods for unlicensed online casinos, it is worth mentioning again that certain methods are unavailable for Nordic players. The reasons are many.
For instance Gambling Authorities in Germany, Holland have the right to order a payment service provider to block all transactions to and from a casino account that belongs to an unlicensed operator. As an exception, e-wallets and cryptocurrencies are two payment methods that cannot be strictly regulated by Spelinspektionen.
Furthermore, payment methods such as Instant Banking are popular because of the security and convenience they offer. Last, but not least is Trustly, which offers the possibilities of easy bank transfers, quick deposits, fast withdrawals, and verification via national security identification cards, thus gaining the vote of confidence among Nordic players.