Casino Payments and Withdrawals in NJ
New Jersey is known for having some of the least restrictive gambling regulations in the country. However, the same liberal take on gambling did not initially extend to casino payment options for online betting. Today, most casinos offer numerous payment and withdrawal options ranging from electronic payments, third-party payment processors, and even in-person payments.
15 Available Payment Methods
The Best Casino Payment and Banking Options
With the plethora of casino payment and banking options, it is useful to explore each option in detail before settling on a method of transacting.
Debit and Credit Card
Using debit or credit cards to deposit money into your online casino account is among the fastest, securest, and most convenient ways to transact in New Jersey.
Generally speaking, debit and credit card companies have a high rejection rate when it comes to transacting with online casinos in New Jersey. With that said, VISA has among the highest acceptance rate and is a secure payment option for depositing money into your casino account.
Mastercard has an equally good track record of accepting casino deposits and if successful, your transaction is reflected in your casino account immediately. Mastercard is useful when you want to deposit and use your money to play immediately.
Maestro is the debit card version of the Mastercard, and it’s a quick and legitimate way of depositing money into your online casino account. As a rule of thumb, debit cards typically charge lower fees than credit cards, so this is a good alternative to Mastercard if you have the option to use either.
AMEX, or American Express, offers both credit and debit cards so you have some wiggle room if you would like to escape transaction fees. AMEX is widely recognized and accepted by some of the best casinos in New Jersey. You can also withdraw your winnings using your AMEX card from most online casinos.
Local Payment Methods
Not everyone is willing to transfer funds or provide sensitive data online. For the more cautious among us, there are plenty of offline or local banking options available for deposits and withdrawals.
All reputable online casinos in New Jersey accept direct bank transfers. This method is convenient for people who do not have or do not want to use credit or debit cards. Bank transfers are also very secure and don’t require you to disclose personal information to third parties.
ACH, or e-check, is widely accepted by online casinos in New Jersey. It involves moving funds electronically using a clearinghouse and is not a bank-to-bank transaction, although it works very much like one. ACH is a cheaper alternative to wire transfer.
Pre-Paid and E-Wallets
E-wallets are convenient and allow you to use multiple credit or debit cards at once by linking them with your e-wallet provider. Furthermore, e-wallets offer some of the quickest processing times for withdrawals.
Neteller is almost synonymous with online gambling and is extremely popular with online players who use e-wallets. Neteller boasts amazing security, fast payouts, and easy deposits. This provider enjoys a huge market share of online gambling cash transactions and is accepted by most online casinos in New Jersey.
Skrill is an e-wallet service that is arguably Neteller’s largest competitor. Skrill’s main selling point is low-cost international money transfers, and it’s worth looking into if you want to save some money. The only downside is that this e-money platform is not as widely accepted by New Jersey casinos as popular competitors such as PayPal and Neteller.
PayPal entered the casino market much later than Skrill and Neteller, but this online money transfer platform has made inroads by flexing its reputation as one of the most secure and trusted payment methods in online gaming. PayPal is widely accepted by New Jersey casinos, and many casinos offer bonuses for using PayPal to deposit money.
ApplePay is a digital wallet and mobile payment platform available to Apple device users. This is a new option in the online casino market, but it’s a secure and convenient method for depositing money into your account. At the moment, very few casinos in New Jersey accept ApplePay.
Play+ is a pre-paid card that is used for online gaming but may also be used at the ATM or for making offline purchases. Most of the reputable casinos in New Jersey accept Play+, making it a great alternative to traditional credit and debit cards.
Online players were excited at the news that Venmo would soon be supporting instant withdrawals from online casino accounts. The news on the ground so far isn’t very positive as Venmo is not recognized by many casinos in New Jersey.
Secure Deposits at Online Casinos in New Jersey
As you can see, there are multiple methods for depositing funds into your online casino account. Casinos go to great lengths to make sure that your data remains secure, so all you have to do is choose your preferred payment method.
Unlike taking a trip to Vegas, you don’t need a lot of money to play at online casinos. Most minimum deposits range from $10-$20. Furthermore, many casinos still apply bonuses to minimum deposits. Not only can you start playing with a limited budget, but you can also take your time to learn the ropes without staking a lot of cash upfront.
Most online casinos have a maximum deposit limit. This is done to meet responsible gambling regulations in New Jersey. Maximum deposits range between $2000 and $12000 depending on the casino. Many casinos also make exceptions for high-rollers and VIP members. This limit is typically valid for 24 hours.
Deposit Processing Time
Casino deposit processing time is usually near-instant. There might be a slight delay depending on the payment option you use, but the processing time rarely exceeds 10 minutes. There are, however, unusual cases where the money could take up to 24 hours to reflect in your casino account.
Given the competitive nature of the online casinos in NJ, they typically do not charge a deposit fee. Your payment processor may charge a small fee depending on the payment option you choose. This fee is typically a percentage of the amount of your transfer.
Secure Withdrawals at Online Casinos in New Jersey
There are many options for withdrawing your money from online casinos, so you’ll never have to worry about accessing your winnings.
The minimum amount of money you can withdraw at most casinos is $10, but this may depend on the payment option you choose. For example, the minim withdrawal amount for a physical check is $300. It is also a good idea to check if your preferred withdrawal method is supported by the casino before signing up.
Online casinos impose maximum withdrawal limits in line with New Jersey gambling laws and to protect themselves from money laundering schemes and other shady dealings. These limits will vary from one casino to the next but can be as high as $100,000 for high-rollers. Once again, this is a daily limit enforced in a 24-hour period.
Withdrawal Processing Time
Withdrawal processing times are usually longer than depositing times because of anti-laundering laws that online casinos have must adhere to. Most withdrawals take anywhere from 48 hours to 7 working days but could take up to 2-3 weeks in the case of physical checks.
Online casinos in New Jersey do not charge withdrawal fees. The same cannot be said for your bank, however. You may want to check with your payment processor about transaction fees and choose the option with the lowest fees, or even better, no fees at all.
Online Casinos with Trustworthy Payment Methods
Security is paramount when dealing with any kind of electronic payment. We have compiled a list of the best New Jersey online casinos with a solid reputation for secure payment methods.
Frequently Asked Questions
Read through these frequently asked questions about online casino payments in New Jersey for quick answers to your questions.
Which are the safest payment methods to play online?
Reputable online casinos such as the ones mentioned here take customer security seriously. Any payment method that does not require you to share your financial information with the casino is a secure option. Examples include e-wallets (most notably PayPal, Skrill, and Neteller), wire transfers, and crypto payments.
I want to withdraw fast! Which payment method should I use?
If you frequent Atlantic City casinos, you can withdraw your online winnings at the casino cage affiliated with your online casino. Pre-paid cards are also quick, usually taking less than 24 hours to withdraw your funds. E-wallets such as Neteller, Skrill, and PayPal also offer equally fast withdrawals. Keep in mind that the time it takes to receive your funds depends on the casino’s payment processing time.
Why are there a lot more options to deposit than to withdraw?
The reason why there are many more options to deposit money than to withdraw it has to do with regulations, particularly those to do with money laundering. Casinos have been a popular method for criminal gangs and other unscrupulous people to launder money, meaning that regulatory bodies and casinos need to have strict controls to make sure that only the legitimate winnings are eligible for withdrawal.
How can I make sure I receive the full deposit amount in my account?
You can make sure that you receive the full amount of your deposit by choosing a payment service that does not charge fees for depositing money to online casinos.
What should I do if a casino is not letting me withdraw my balance?
If you are having trouble withdrawing your balance, the first step is to determine the reason why. It might be that you haven’t met the terms and conditions for bonuses and withdrawal limits on progressive jackpot wins. Or, you might have an unverified betting account. Call, email, or live chat with customer support and you will be able to reach a resolution.
If the problem isn’t resolved, file a formal complaint with the offending casino, detailing the problem and any extra information that you think might help, including screenshots of previous attempts at resolving the problem. If all else fails, file a complaint with the DGE using this form.
I don’t have a debit/credit card… Can I still play online?
You can certainly play online without a debit or credit card. Many casinos accept alternative payment options including ACH (e-check), e-wallets such as PayPal, Skrill, and Neteller, PayNearMe, and wire transfer. If you live in Atlantic City, you can deposit cash at the casino cage affiliated with your online casino.
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