Online Casino Banking Methods for Arabian Players
Are you looking for the best payment methods for Arabic players at online casinos? Our team of gambling experts have compiled a list of the most popular intermediaries to help you choose the right one for you. You’ll also find useful tips related to banking processes, fees and recommendations of the most well-known providers. Read on to find detailed information about what to look out for when banking at an online casino, and what to consider when making your decision.
Can I Use Cryptocurrencies at Online Casinos?
Cryptocurrencies are the latest trend amongst players at online casinos. This is because you’ll be playing with virtual cash, which gives you more anonymity and is much less traceable. You’ll also get quicker transfers, meaning you can withdraw your winnings faster than a regular e-wallet.
Most online casinos offer cryptocurrency as banking method and you will often see those casinos referred to as crypto casinos. You’ll be able to choose from quite a few cryptocurrencies including Ethereum (ETC), Litecoin (LTC) and Monero (XMR), though Bitcoin (BTC) is by far the most popular choice.
Bitcoin is a decentralised currency, so you’ll get maximum security as it conceals your identity. As a result, you’ll be able to play at casinos with your transactions virtually untraceable. What we like most about Bitcoin is that most online casinos don’t charge for transactions. However, it’s always a good idea to check if there are any fees incurred when moving digital currencies out of your wallet.
What E-wallet Options Are There?
If you’d rather use a traditional payment method, you can opt for regular e-wallet options. These payment methods act as an intermediary between your financial account and the online casino. When using these, there will be no direct contact between your bank and the casino, resulting in semi-anonymity. So, if you cannot wire funds to the casino directly to or from your bank account, you have loads of other options.
While most casinos offer a large range of electronic payment methods, not all may be available to Arabic players from specific countries. It’s always a good idea to check which ones are accessible to your region. We’ve listed some e-wallets that give top-notch service and can be used in most Arabic countries below.
WebMoney is a method that allows you to make online purchases and affect international payments without having to reveal your identity. It is one of the fastest banking choices out there.
This e-wallet is not only a popular payment method but also comes with a 4-tier VIP programme. All you need to complete your deposits and withdrawals is a verified email address.
Perfect Money is available in several languages, including Arabic. Your transaction fees will also be lower once you’ve verified your account, which makes it a competitive payment provider.
Using Credit Card at Online Casinos
Credit cards are the most common method of online payments, including at online casinos. You’ll find that most sites accept this form of banking whether through Visa, Mastercard or other major credit cards.
What’s good to keep in mind, though, is that although credit cards give you the highest form of security, your transactions will go directly through your bank account, so they are easily traceable.
Being the safest and most accepted payment method around the world, you will often see casinos that accept Visa when searching online. Their customer support is also top-notch, which means they will efficiently sort any issues you encounter along the way.
You can deposit instantly when using Mastercard at most online casinos, so you can start playing the games as soon as your payment is completed. Also, the Mastercard ID Theft Protection will protect your banking details from fraudsters.
How to Select the Best Banking Method
Seeing an entire list of payment methods in front of you may be overwhelming, especially if you are new to online banking. Each medium comes with advantages and disadvantages, and it’s important to know which ones to look out for when selecting the perfect one for you. Take anonymity for example – you may want to find a banking method which conceals your identity. Credit cards are traceable, e-wallets give semi-anonymity and cryptocurrencies almost completely hide your identity.
The payment methods mentioned above are all user-friendly, which is also something to take into consideration. Most e-wallets only require a verified email address and password to create an account. And while their transfer fees of each vary, they’re all relatively low. Some come with a VIP programme, which will offer you lower transaction fees once you’ve been banking with them for a while. You may also want to think about how long your winnings will take to get to your account when selecting a payment method.
Currencies and Payment Methods
When choosing your preferred payment method, look out for two things. The first is whether you can use it in your country. Although most e-wallets are available worldwide, there may be a few that are not accessible in some Arabic regions.
Second, check if they accept your local currency. Many banking providers accept Egyptian pound, Saudi riyals, UAE dirhams, Bahraini dinars, Kuwaiti dinars and Qatari rials. It goes without saying that Kuwaiti dinars can be used at Kuwait casinos, while the UAE dirhams are used at UAE casinos. Several intermediaries also automatically convert your currency into one accepted by your selected casino, saving you from having to convert into US dollars, UK pound or Euro yourself. Keep in mind, though, that this may come with a conversion fee.
Deposit and Withdrawal Times
Many online casinos offer a dedicated banking page, where you’ll see the list of payment methods they offer, their transaction times and potential fees. This is a handy tool as even though most deposits are usually instant, withdrawals may require a few days to get to your account, which depends on the payment provider you select.
You must wait between 3 and 5 business days if you’re using credit cards and 24 hours when banking with e-wallets, with cryptocurrencies in your account within a few seconds. Some casinos may require a few days to process your withdrawal request, and some only manage them during the week. We suggest you check the terms and conditions of your chosen casino to factor this into your payment method decision.
Changed to payment providers as this is relevant to all payment methods. Giving some examples of withdrawal times would be beneficial. This can be generalised (credit cards 3-5 business days, e-wallets within 24 hours, crypto I believe is nearly instant but I would double check.)
Verify Your Account
If you want to withdraw funds for the first time, you may need to go through a verification process. This KYC (Know Your Customer) procedure ensures you are of legal age to gamble and that the funds you are putting into and taking out of the site are yours, and requires you to submit your documents to the casino. You can usually find a list of what documents to send in if you check the terms and conditions section of the site. This is a requirement put in place by gambling governing bodies and anti-money laundering legislation.