As we learned in our other articles, there are several aspects you must consider when choosing as online casino. A key consideration is whether the online casino accepts your preferred banking method (i.e., how you deposit and withdraw money). Most legitimate and trustworthy online casinos offer a variety of banking methods, but some players have limited options because of the laws of their country. When browsing a potential online casino, check the banking options offered and determine which ones are usable for the country in which you reside. Usually the listed options will have links to more information that will clarify whether the option is available for your country. Before choosing a banking method, check to see if there are any associated fees, either from the bank or the online casino. Also, some online casinos offer casino bonuses for using certain banking methods, so do your research before choosing an online casino and your banking method. Let’s look at the most common banking methods that online casinos offer.
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Wire Transfer Casino deposit method
If you’re lucky and live in a country that allows direct transfer from your bank to the online casino, a wire transfer casino deposit is one of the easiest, quickest, and safest methods available. Before starting the transfer process, make sure you have enough funds in your account. If your country or bank doesn’t allow direct wire transfers, then you can sometimes use a company such as MoneyGram or Western Union. Usually with wire transfers, there’s no limit to the amount of money you can transfer and deposit. If you use your bank for the wire transfer, the transaction can take several days to complete, which may be an irritating nuisance if you’re eager to play. Unlike a bank, your funds are generally available instantlywhen using a wiring company such as MoneyGram. Also when using a wiring company instead of a bank, you don’t have to provide bank account numbers or other personal information, which makes the transaction even more secure.
Credit Card (MasterCard and Visa)
Using a credit card to deposit money in an online casino is very easy. It is safe because a reputable online casino uses encryption software for all financial transactions, and the casino guards against unauthorized access to your account. Once your account information is on file at the online casino, all you have to do is login to the casino and choose an amount you want deposited, and it will be charged to your credit card. The funds will be instantly available for your use at the online casino. Don’t forget to pay the credit card company when the bill arrives. Withdrawals from the online casino are usually made as credits to your card and will appear on your credit card statement.
Debit Card casino deposit method
The process of using a debit card is similar to using a credit card. It is just as safe and secure as using a credit card. Be careful when using a prepaid debit card, such as Laser, because it may no longer be a valid banking method (e.g., retailers no longer accept the Laser debit card, and it was replaced by the industry standards Visa and MasterCard). Other debit card companies include Maestro (owned by MasterCard and formerly known as the Switch debit card).
An eCheck is an electronic version of a paper check. Usually it takes three to five days for an eCheck to clear so your money is not instantly accessible. If you don’t have sufficient funds in your checking account, the eCheck will not clear (which can be good for some players who can’t control their spending). An eCheck requires the same account and personal information as a paper check. Some online casinos limit the amount you can deposit per day using eChecks.
eWallet deposits at casinos
There are several reputable eWallet service providers available, including PayPal, Netteller, Skrill, and InstaDebit. With an eWallet, you make a deposit to the service provider and then use the service provider to transfer the money electronically to the online casino. Usually after the transfer is completed, the money is instantly ready for you to use at the online casino. Reputable eWallets are safe and secure. When you request a withdrawal from the online casino, it transfers the money back to your account with the service provider, a which time you can then access it using the service provider’s withdrawal process (e.g., an ATM card, direct transfer to a bank account, request a paper check, etc.). If an eWallet is your preferred banking method with an online casino, ensure you check the eWallet’s fees for making deposits and withdrawals. If you make a lot of deposits and withdrawals, the savings in fees from one eWallet over another can add up to a lot at the end of the year.
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