Learn about the different payment methods accepted at NJ online casinos!

Payment Methods - Most Popular Withdrawals and Deposits

The ease of online casinos is one of the most important factors for many players. No need to brave the traffic to go to Atlantic City, look for parking, and stand in line at the cage twice: to both make your deposit and withdraw funds or cash in your chips. Luckily online casinos bring the ease of online financial transactions with them. By using legal online casinos, you can be sure that your data and money are safe.

This is a comprehensive overview of the various payments methods players can use in NJ online casinos. We have checked out all of the NJ online casino sites to see what payment methods are accepted at each site. We have even compiled the pros and cons of each of these methods.

Since the Wire Act’s recent reevaluation at the end of 2018, banks and e-wallets have been less willing to process payments out of fear of risking interstate transactions.

With the rapidly increasing options of online gambling sites in New Jersey, there comes an increase in competition and convenience. NJ online casinos are using the latest secure payment processing technology to provide their users with ease and flexibility on their online betting platforms. These days, funding betting accounts and cashing out winnings is easier than ever before.

Below we'll tell you all you need to know about banking methods for online casinos so you can be sure you know of all your options to find the method that's right for you. 

Many Ways to Deposit, Many Ways to Withdraw

Online casino players currently have many options for both depositing and withdrawing money. These range from PayPal to receiving a physical check. It's important to check with your casino to be sure that you can use a method that works best for you. 

Common methods for deposit include:

  • Visa/ Mastercard
  • PayPal
  • Neteller
  • Skrill
  • ACH/E-check
  • Online bank transfer
  • PayNearMe at 7-Eleven
  • Cage/Cashier window at the casino in Atlantic City

Most casinos offer slightly fewer options for withdrawals than they do for payments. While it might seem that this is a bit underhanded on the part of casinos, anti-laundering laws place restrictions on both accepting and especially returning money, so some casinos limit their means of sending you money in order to comply with state and federal laws. 

Frequently you can find the following ways to withdraw funds from online casinos:

  • Visa/ Mastercard
  • PayPal
  • Neteller
  • Skrill
  • ACH/E-check
  • Cage/Cashier window at the casino in Atlantic City

The recent addition of PayPal to many, if not most, online casinos has been welcomed by players. This means that anyone with a bank account who has set up a PayPal account can use this account to send and receive money at a nominal fee. It provides the ease of having a credit card without actually having one.  

Instant E-Check (ACH)

Players can directly connect their banking account to their betting account and make both deposits and withdrawals with e-checks. The ACH method goes through instantly, and funds can be transferred between these two accounts in a safe and secure manner.

Players just need to provide the following information and e-checks will work seamlessly.

  • Bank’s name
  • Routing number
  • Bank account city

The benefits of using this transaction method include prompt turnaround time, even if the amount is not yet deducted from the customer’s checking account balance. There is a high acceptance rate with this method. Almost all NJ online casinos accept instant e-checks for both depositing and withdrawing funds.

PayPal

One of the most popular e-wallets used today, PayPal is accepted by almost all NJ online betting sites. The online casino real money PayPal method is frequently used to safely deposit funds into NJ iGaming accounts. The player must first fund their PayPal account with sufficient funds for the amount they plan on depositing into their online gambling accounts. The transfer is then quick and seamless. Users can fund their PayPal accounts through bank transfers, credit/debit card deposits, and user-to-user transfers.

There are some restrictions with PayPal, however. NJ betting sites will not accept PayPal credit/debit card deposits. Players cannot fund their NJ betting accounts through a business or premier PayPal account. The email users have associated with their PayPal account must match the email they have registered with their NJ online betting account. Players are not able to withdraw funds through PayPal until they have first used this method to make deposits into their online gambling accounts.

Cash Cage

In house deposits and withdrawals are the most straightforward, and always an option, even when gambling through online platforms. Players can make a deposit or withdraw their winnings from online casino real money play at the casino cage of the respective casino partner. Deposits and withdrawals must be made at the casino cage of the casino partner. Here is a list of NJ online casinos and the brick-and-mortar casino from which players can withdraw their winnings.

  • Pala Casino - Borgata Hotel and Casino
  • Party Casino - Borgata Hotel and Casino
  • BetMGM - Borgata Hotel and Casino
  • Scores Casino - Borgata Hotel and Casino
  • Borgata Casino - Borgata Hotel and Casino
  • Virgin Casino - Tropicana Atlantic City
  • Tropicana Casino - Tropicana Atlantic City
  • Caesars Casino - Caesars AC Hotel and Casino
  • 888 Casino - Caesars AC Hotel and Casino
  • Harrah’s Casino - Harrahs Atlantic City
  • Betfair Casino - Golden Nugget AC
  • Golden Nugget Casino - Golden Nugget AC
  • PlaySugarHouse - Golden Nugget AC
  • PokerStars - Resorts Atlantic City
  • Mohegan Sun Casino - Resorts Atlantic City
  • Resorts Casino - Resorts Atlantic City
  • Bet365 - Hard Rock Atlantic City
  • Betfair Casino - Golden Nugget Atlantic City
  • BetAmerica Casino - Golden Nugget Atlantic City
  • DraftKings Casino - Resorts Atlantic City
  • Hard Rock Casino - Hard Rock Atlantic City
  • Ocean Resort Casino - Ocean Resort Atlantic City
  • Unibet Casino - Hard Rock Atlantic City

Online Banking Transfer

For those who don’t frequent the casinos in Atlantic City and prefer to make payments online, there is the option of directly transferring money from a bank account to an online betting account. The benefit of transferring money this way is that players do not have to share their personal banking details with the NJ online betting sites. Online banking transfers are made in online bill pay services and are accepted through most NJ online gambling sites.

Prepaid Casino Cards

NJ online gambling sites are now offering a version of prepaid cards that come loaded with benefits and conveniences. The branded cards are purchased through the respective NJ online casinos. The cards can be funded through checking accounts and by Visa or Mastercard. Once winnings are accrued, players can use these cards to withdraw from ATM machines. The prepaid card is available for use immediately, as players do not have to wait on the actual physical card to arrive before they can begin using it. Players can even withdraw money with these cards without having previously used it to deposit funds first. It is no surprise that these cards have the highest acceptance rates of any other depositing methods.

This branded card doesn’t come without setbacks, however. Cons include certain limitations and lengthy steps involved in the deposit process. Players are limited to depositing up to $2,000 a day and up to $10,000 per month. The cards are restricted to use at the NJ online casino from which they were purchased and the process of setting them up can be a hassle.  

Credit and Debit Cards

Visa and Mastercard seem to be the safest bet for NJ online betting sites, as some credit card companies are still rejecting casino deposits. Credit and debit cards are some of the most convenient methods for depositing into these online gambling accounts. As long as players have adequate credit for the amount they wish to deposit, they can easily transfer money onto their NJ online betting account immediately. Different banks have different policies and fees, so it is important to take these into consideration when relying on this withdrawal and deposit method.

E-wallets

Electronic wallets are becoming increasingly popular, allowing players to safely and securely store their bank and credit card details. Through the use of e-wallets, players can make quick deposits and withdrawals at NJ online casinos. PayPal is the most popular, however, there are several options for e-wallets.

Neteller is becoming a popular choice of e-wallets for players making deposits and withdrawals into their NJ online betting accounts. Neteller e-wallets allow secure transactions with the ease of linking a Discover card to the player’s betting account.

Skrill is a digital payment processing service specifically designed for the online gambling industry. It is accepted at the more popular online betting platforms, allowing players to safely and securely fund their accounts and withdraw winnings. Players' bank and credit card details can be linked to their Skrill account in order to make payments directly from these as well.

E-wallets charge small transaction fees, however, players can use their e-wallets with the assurance that there will be no hassle from NJ online gambling sites.

Cash at 7-Eleven

PayNearMe is an electronic cash payment service located at 7-Elevens throughout New Jersey. This service can be used with credit cards and e-wallets. It is generally used by players who wish to use these online payment services without linking them directly to their bank. The PayNearMe app has a scannable barcode, which players can use to access their accounts. Players can use this to make safe deposits. There is a section in the app which keeps track of the user’s payment history and generates receipts for their records. Once funds are deposited, a code is generated in order for players to access their funds in their online betting accounts.

Wire Transfers

Bank wire transfers are available to fund NJ online gambling accounts. Players who do not feel comfortable sharing bank details usually use wire transfers. This can also be useful if a player wishes to make an extremely large deposit into an account. The cons of using this method include certain fees and sometimes very long processing times.

Paper Checks

Sometimes players choose to write personal checks in order to fund their NJ online betting account. This is only possible if sufficient funds are available in the player’s bank account and if the NJ online casino accepts deposits via paper checks. Cons of using paper checks include the long processing time which can take 7-10 days for the check to go through the mail and then for the bank to clear the amount. Overdraft fees are always the responsibility of the customer. NJ online betting sites are more likely to accept the use of checks as a withdrawal method rather than a deposit method.

Online Financial Transactions and Safety: Double Encryption

You may be concerned about the safety both of your personal data (e.g., email address and physical address) and financial data (e.g., bank account or credit card information), and rightly so. Casinos have a great personal interest in keeping your data safe. If word gets out that a casino isn't trustworthy, and customers will just go elsewhere.

But additionally, your money is the casino's money, at least as long as they're holding it. And casinos are going to protect their money. Casinos use a double encryption method to ensure the safety of your deposit and financial data. First, your data is encrypted as you enter the information online; it is scrambled as it goes online so that it couldn't be read by anyone who happened to breach your internet connection.

Next, the data is encrypted a second time when it is stored on the casino's network. So if there was a breach of the casino's server, the hackers would only find a jumbled collection of letters, numbers, and symbols, but not have the key to decode the data. 

Surprises About Depositing in Online Casinos

There are some things about financial interactions for online casinos that may be surprising. The first is that the cage (or the cashier's office) at the physical casino can still be used for both depositing and withdrawing. The second is that credit cards are not required for setting up an account with online casinos.

Many brick and mortar casino players making the transition to online gaming may feel apprehensive about the move. But you can still maintain your relationship with your friendly (or gruff) cage manager and do a transfer of funds the old fashioned way - hand-to-hand - if that's your preference. A few casinos will require you to come in physically to open an account in order to confirm your identity, and then you can deposit your money there if you like.

Next, you do not need to have a credit or debit card in order to open an account or make a deposit. As you've seen, there are a number of options for deposits and withdrawals that do not require an account or sharing your financial information.

Online Deposits and Withdrawals in New Jersey

You probably know that, in order to gamble online in New Jersey, you must be physically located within the borders of the state during the time of play. The question is frequently asked, "Do I also have to be located in New Jersey in order to receive or deposit funds?" And the answer is no. You can register for and deposit money into an account from anywhere in the U.S., but you are not allowed to play unless you can be proven to be located in New Jersey. 

Casinos use geolocation software and devices (such as GPS on your smartphone) to ascertain your physical location. The ability to do this was a crucial aspect of having online gambling legalized in New Jersey. 

That means that you can take advantage of one of the offers to have your initial deposit matched by a casino even if you're not currently in New Jersey. If you have a layover in Newark, you could take advantage of a bonus offer for new customers. So you can get the $20-30 free bonus dollars and also make a deposit and see that matched.

Most casinos also have matching deposit offers for first deposits, and often those match you dollar-for-dollar for the stipulated amount. Be sure to check your terms and conditions so that you can be sure to take advantage of all the bonus dollars within the time frame. 

New Jersey v.s. Offshore Casinos

The question often arises whether one should trust online casinos. You might ask further, "Will a casino honor their contract with me while they do not obey national and international laws regarding the legality of placing bets? Should I trust a casino with my money that operates above or below the law?" Obviously not. 

A quick search on the internet will render innumerable complaints against offshore casinos stealing customers' money. Being outside the jurisdiction of legal operation, you are also powerless to sue to have your money returned. There have also been numerous cases of games being rigged, and while these are proven, customers who have lost money have not been able to have it returned.

On the other hand, state and federal authorities regulate every aspect of online casinos, just like phyical casinos. So if there is a case of misuse of funds, inappropriate registration of individuals, mishandling data, or rigging games, federal and state authorities would come down on the casino - hard - with heavy fines and the threat of revoking those expensive licenses. 

Legal online casinos have a guarantee of good practice, and they give you legal recourse in the event of foul play. Don't get suckered by an illegal, offshore casino!


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