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Online Casino Payment Methods

Payment methods for online gambling sites are gaining more attention from those who want to get involved in the world of gambling. In real casinos, bets are usually made in the form of chips that can be exchanged for money. But in online casinos, the payment process is very different. 

In the world of the best online casinos, every player has to make a deposit first if they want to play. These deposits can usually be made in several ways. The casino site will provide several channels through which you can make deposits, but all of them involve online payment methods.

Usually, you can find information on the payment methods available in the financial section of each casino. Payment channels vary from one casino to another. 

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Payment Channels Available In Malaysia

As modern and state-of-the-art banking technology offers a wide variety of payment methods, gamblers have a wide range of options for making deposit payments into any online casino. There are several types of payment channels that are very popular among players from Malaysia. These include:

  • Credit or debit card
  • E-wallet
  • Online bank transfer
  • Cryptocurrency

For each casino you choose, you need to confirm whether these payment channels are available to players from Malaysia. Sometimes, an online casino will provide up to hundreds of payment channels, but not all of them are open to you.

The above-mentioned channels are open to both deposits and withdrawals. However, all of these channels offer different periods of processing. Some are very fast, while some take up to 10 days.

Credit and Debit Cards

Typically, the credit cards accepted by online casinos are Visa and Mastercard, which are the types of cards allowed for international transactions. Some also accept American Express, as well as other types of credit cards. Your credit card can be directly associated with your casino account when you first sign up. After providing personal information and credit card information, you can continue to make deposits and charges will be made against your card. The process of making a deposit using a credit card will take between 3 to 5 days, provided that all your payment and card information is correct.  

Among the benefits of credit or debit cards are:

  • Easy to use and accepted by most online casinos
  • Can be used abroad for a variety of currencies
  • Low processing fees compared to other payment channels

Let’s take a look at the types of credit cards commonly found in Malaysia:


Visa is the most widely used card in Malaysia and one of the earliest and largest credit card service providers in the world. Visa cards can be used in almost every country in the world. In Malaysia, banks that provide Visa credit cards include Bank Simpanan Nasional (BSN), UOB, Public Bank and Maybank. 


Apart from Visa, Mastercard is also the most widely accepted credit card provider worldwide. Mastercard, in addition to Visa, is a credit card that you will usually find on online casino payment lists. Among the banks in Malaysia that provide Mastercard are Standard Chartered, Maybank, and Citibank.

American Express (AMEX)

AMEX is a card that is still used in Malaysia, but not as popular as Visa or Mastercard. So far, the only bank that provides AMEX cards is Maybank. Among the online casino sites, only a few casinos accept AMEX because most of them are more focused on Visa and Mastercard.

Credit and Debit Cards


An e-wallet is an application or app that can be used to make payments online. E-wallets are gaining popularity among international players as they are a flexible way to make a transaction and do not require many documents or steps to use.

Payment via e-wallet is one of the fastest methods to make payments, where the process takes only 2-3 days to clear. E-wallets are also a way for you to use credit cards that are not accepted by some casinos. 

Among the benefits of e-wallets are:

  • The fastest payment process, which typically takes 2-3 days
  • A secure channel because there is a layer of protection for your credit or debit card. You did not make the payment directly from your credit card so the details could not be leaked
  • There are many types of e-wallets to choose from
  • Withdrawals to e-wallet accounts are also very fast compared to other channels, i.e. in 2-3 days as well.

Among the types of e-wallets that are often accepted by online casinos include:


Paypal is an online site that provides money transfer services around the world. You can usually connect a bank account or a credit card or both. Payment is made based on the email address and the process is quite fast, i.e. funds from Paypal are transferred immediately.


Skrill is one of the largest payment platforms in the world. They provide money transfer services without transfer fees. You can directly convert your currency to any other currency and Skrill will convert it using their own exchange rate.


Neteller is a company established in the UK in 1999 by Paysafe Financial Services Limited. They are constantly updating and improving their services with the latest technology and software for the best level of transfer security.

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Online Bank Transfer

All local banks in Malaysia now offer online banking where you can do various types of transactions. Among these transactions is the transfer of payments to foreign bank accounts. So you can use an online bank transfer to make payment to the casino as well.

The payment process via online transfer is relatively simple and does not take long to process. Usually, the transfer will not take more than 5 working days.

Banks in Malaysia that offers online transfer services include Maybank, CIMB, Public Bank, Hong Leong Bank, among others. You need to check whether the casino of your choice accepts transfers from banks in Malaysia, and which bank is accepted.

Usually, bank transfers can be made in different currencies, and banks will continue to convert them according to their own exchange rates. Currency exchange rates for each bank are different. So, if an online casino does not accept Malaysian Ringgit and only accepts Euro, you can make payment in Ringgit Malaysia but the bank will convert the currencies automatically.

When you make a transfer from your bank account to an overseas account, you will have to pay a small processing fee, but this amount is usually very low. Most of the time, you can pay directly if you have a SWIFT or BIC code, the name of the casino, an account number, and the casino’s bank name to make the payment.

Among the benefits of online bank transfers are:

  • No intermediary party involvement
  • They do not require many documents for processing

Offline Transfer

In addition to online transfers that you can do yourself, there are also companies and banks that provide offline transfer services. This includes a telegraphic transfer or ‘wire transfer’. In Malaysia, the following methods are common offline payment methods:

  • Western Union
  • International Wire Transfer
  • International remittances
  • Moneygram

In addition to these methods, there are also mobile phone applications that can be used for international transfers such as Monito, WorldRemit, and MoneyMatch

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Mobile Phone Payment

In the realm of online casino payments, there are payment methods via mobile phone bills. This system will credit any payment you make to your phone bill. There is also a system where you have to top-up through your phone bill and payment will be deducted from your top-up amount. Mobile payment applications include Zimpler, Siru, and PayForIt.

Bitcoin And Other Cryptocurrencies

Apart from the usual payment channels, another currency that is increasingly accepted by online casinos around the world is Bitcoin. Bitcoin is a cryptocurrency, a type of virtual currency with its own value. In addition to Bitcoin being widely accepted by online casinos, there are also other cryptocurrencies such as Ethereum, Zcash, and Litecoin.

The advantage of paying with Bitcoin is that you can pay without the need for a name or personal information such as a residential address. To use Bitcoin, you need an e-wallet that can handle Bitcoin like Armory and Airbitz. Sometimes, online casinos will have a Bitcoin e-wallet dedicated to payment and you need to subscribe to the e-wallet.

To buy Bitcoin, you need to go to the Bitcoin Exchange or Bitcoin Exchange Site where you are allowed to buy Bitcoin using currencies such as US Dollars or Malaysian Ringgit. Among the Bitcoin exchange sites that can be accessed from Malaysia include Coinmama, Luno, and LocalBitcoins.

There are more and more casinos that accept Bitcoin, such as the 22Bet Casino and 1xSlots Casino sites. 

Bitcoin has several advantages, including:

  • No personal information required
  • Does not require local bank or credit card services
  • Transactions without intermediaries
  • Easy to make transactions worldwide

How to Choose the Right Payment Method

If you are new to the world of online gambling, you need to find the right payment and withdrawal channel for you and your needs. The best way to achieve this is to try different payment channels first.

So far, the payment channels offered by licensed casinos are secure and they take good care of your personal information. 

However, you should keep in mind that this only applies to licensed casinos as they are subject to the laws of their own country. An unlicensed casino cannot guarantee the security of its payment channel. To find out more about which casinos are licensed, read the guide to licensed casinos here.

The payment channel you choose depends on what you want. If you want a quick process, choose e-wallets like Paypal, Neteller, Skrill, to name a few.

If you want a simple process, choose online bank transfer or credit card. If you want your privacy and information to be protected, choose Bitcoin or other cryptocurrencies. 

Overall Payment Channel

If you make the right choice, you can certainly bet and withdraw your winning money safely, without any problems. So, when you choose an online casino, you should select one with a good reputation to ensure a more efficient and secure payment process compared to any other new and non-reputable casinos.

Frequently Asked Questions

There are several methods, including credit cards, e-wallets, and online transfers.

Among the payment methods available, the fastest payment method is via e-wallet which takes 2-3 days of processing.

If you do not want your personal information to be known, Bitcoin is the best option.

Try a credit card or online bank transfer for the simplest process.

It is safe if you choose a licensed casino.

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