7 Secure Electronic Payment Methods for Hungarian Online Casinos

Hungary’s online casino industry is growing every year as gambling providers increasingly offer generous bonuses and promotions to attract new players and maintain brand loyalty. Additionally, Hungarian online casinos have increased their accessibility by providing players with more and more payment options.

But, with so many payment options available, it can be difficult to settle on the best option. In this article, author Sultés Szilvia has compiled a list of the very best payment methods available to Magyar online casino players. For more expert content on the legjobb online casinos in Hungary, you can follow Szilvia here.

Read on for the best payment options, starting with…

1. PayPal

Globally, PayPal is the largest and most preferred online payment method for both goods and services. It was created by Elon Musk and has since established a solid reputation for reliability, thanks to its exceptional security standards and award-winning customer service. For these reasons, it is supported by almost all online casinos.

Advantages

• Exceptional security

• Automatic currency conversion

• Mobile app support

• Speedy payment deposits

• Cashback incentives for online casino payments

• Loyalty rewards

• Dedicated 24/7 customer support

Disadvantages

• Unavailable for unverified online casinos

• Lengthy registration process

• Transaction fees

2. Visa

Credit cards are the most commonly accepted form of only payment at online casinos. Among credit cards, Visa is an industry standard for online gaming transactions and is widely accepted for making payments and deposits at casinos.

Unfortunately, credit cards can be less convenient, as they are more difficult for some player demographics to access. Overall, older players prefer making payments with credit cards, but these same players make up a smaller portion of the player base at online casinos.

Advantages

• Accepted globally

• Highly secure

• Large deposit limits

Disadvantages

• Withdrawal restrictions

• Upfront deposit fees

3. MasterCard

Like Visa, MasterCard is a leading global credit card payment option. It is a well-established and highly trusted payment method with advanced security features, lightning-fast transaction times, and high deposit limits. For these reasons, many casinos online prefer to accept payments via this payment method.

Advantages

• Widely Accepted

• Highly secure

• Large deposit limits

• Numerous cardholder perks

Disadvantages

• Varying transaction fees

4. Skrill

Skrill is an e-wallet that allows users to keep their cash online and is easily accessible for online transactions. Skrill lets you avoid the lengthy transaction times that can occasionally plague credit card transactions while simulating the experience of traditional banking. One of its best features is that it accepts deposits in 40 different currencies from over 200 countries, making it virtually the only payment option for users in certain countries using their local currency for online payments.

Users’ data is kept secure and confidential, as Skrill is authorized and monitored by the UK Financial Conduct Authority. Additionally, virtually all casinos that accept Skrill as a payment option offer bonuses depending on the amount deposited.

Advantages

• Highly secure

• Broad range of accepted currencies

• Casino bonuses

• 24/7 customer support

Disadvantages

• Amount-based payment fees

• Not accepted by all online casinos

5. Neteller

Neteller’s main advantage is its fast, fiat cashout option. As a payment method, however, Neteller is still a very popular e-wallet due to its no-frills, hassle-free payment process.  Likewise, many Magyar online casinos support Neteller as a payment method.

Funding your Neteller e-wallet is a straightforward process since it accepts fund transfers from most other payment methods. These include other e-wallets like Skrill, bank wire transfers, cryptocurrencies (more on these later), and multiple credit cards, including Visa and Mastercard.

Advantages

• Highly secure

• Flexible account funding

• Large transfer & deposit limits

• User rewards

• Direct casino withdrawal support

Disadvantages

• Up to 5% deposit fees

6. PaySafeCard

PaySafeCard is a prepaid card that contains a set amount of prepaid credit corresponding to the price of the PaySafeCard purchased. It is widely accepted in European online casinos and ecommerce outlets and is currently active in 43 countries.

Advantages

• Easily converts fiat currency into credit

• Mobile app support

• Compatible with other e-wallets

Disadvantages

• Prepaid model requires prior physical purchase

• Lengthy payment process for large transfers

7. Cryptocurrencies

Cryptocurrencies are the most modern payment method on this list. Even so, many online casinos now accept popular cryptocurrencies. The main advantage of this payment method is the anonymity it affords its users; for Hungarian players who value their privacy, this is the very best option.
Advantages

• Highly secure blockchain technology

• Complete anonymity

Disadvantages

• Numerous different available cryptocurrencies

Conclusions

The Hungarian online casino market has evolved dramatically in the last few years; many of the payment options listed above were unheard of until recently. As such, hopefully, this list helps you determine which of the many payment options available to you suits your needs.