Online casinos offer multiple payment methods. Some prefer credit cards, some bank transfers, and some even accept direct deposits into their accounts. Which method should you choose? Find out below.
Credit Cards
If you want to play real money online casino games with your credit card, then be sure that the website you are playing on is reputable. Look for websites that have a green “Secure” seal or an equally reliable third-party certification like eCOGRA (eCommerce Online Gaming Regulation and Assurance). The best way to ensure that your information is safe while using a credit card at a site is by choosing one of the following:
- A) Verified by Visa B) MasterCard SecureCode C) Discover D) American Express E) Maestro
Bank Transfer
This option may require more time depending on the number of funds involved in the transaction. You will need to fill out a form specifying all the details about your transfer including the account number and routing/BIC code (if applicable). Once this information has been provided, it is sent to the online casino where it is verified and approved before being transferred to your casino account. As soon as the transfer is completed, you can instantly withdraw any winnings you have earned from your game.
Direct Deposit
Most banks allow you to deposit money directly into your account via the Internet. All you need is your banking institution’s login ID and password along with your account number and routing/BIC code . When you use this method, you avoid paying fees for wire transfers because there is no middleman involved.
Cashier’s Check
If you want to make an immediate payout without waiting for the process of depositing money into your casino account, then you should opt for a cashier’s check. What makes this payment option unique is that it allows you to pay with a physical check instead of transferring it digitally, thereby avoiding potential delays. While it comes at a higher processing fee than other methods, it is still much cheaper than using a bank account to receive payments.
Credit Card Payments
If you enjoy playing games such as poker or slots, you might consider making use of credit card payments. They are easy to use and are generally accepted anywhere you go online. However, if you plan on withdrawing any amounts worth over £10,000 per day, you should ask yourself whether using a credit card would be wise. Typically, casinos charge a fee of between 3% and 5%, which means that you will end up losing approximately half of your profits due to the exchange rate.
PayPal
Another popular way to fund your account is through PayPal. Its advantages include quick deposits and withdrawals, ease of use and convenience. However, it also comes with some drawbacks, such as high fees and a lack of verification, especially if you live outside the US. And keep in mind that if you withdraw funds via PayPal, you could face limitations or restrictions imposed by the country where you reside.
Wire Transfer (Bank Account)
This method requires you to send a wire transfer request form to your bank. Once the deposit has been confirmed, you need to wait for 2 business days before you can withdraw any money. The minimum transfer amount is typical $100, while the maximum is usually limited by your bank.
Western Union
Similar to bank transfers, you can also send money to another player via Western Union. The pros here lie mainly in having access to instant money transfers, but the cons include high fees and long delay times.
Bank Deposit/Withdrawal
This is one of the easiest ways to play bingo. You just have to deposit money into your account. The only real disadvantage is that you cannot withdraw the money until after the session ends.
Skrill
Skrill is considered to be one of the more useful options for sending and receiving money internationally. As opposed to other e-wallets such as Neteller, Skrill offers both a debit card and a prepaid service which is convenient for those who do not wish to set up a bank account. Some of their most important features include free withdrawals, no charges to make international transfers, low transaction fees and support for all major currencies.
Withdrawing Your Winnings
When choosing a payment method, you should always bear in mind how you intend to withdraw winnings. For example, you may not want to choose a method that involves physically delivering cash to a casino because you may be asked to provide identification before being given your winnings. Alternatively, you may prefer a system that allows you to instantly withdraw your winnings, even if you did not deposit using the same method
Conclusion
Remember, when you play at Casino Games Online, you are essentially betting on numbers, so it makes sense that you would like to know what kind of odds they offer. After checking out this information, you should feel fairly well prepared to decide whether or not you want to continue playing.