All online gamblers should first shop around for banking methods before joining any casino. You need to know which currencies are accepted and by which casinos. Players also need to know how to deposit and withdraw funds. In addition, they need to know which payment methods the casino that they are playing at accepts.
Popular Banking Methods for Payments
Many online gamblers worry about funding their online gambling accounts. Some do not feel safe at all giving out their credit card information online. Before signing up, players must know the payment options supported by the preferred casino. There are 3 genres of payment methods available. These are:
Debit or Credit Card Payments.
This happens to be the most preferred. Players must use their already existing card details when making payments.
Visa: They offer a banking solution that has been integrated with internet banking. The Visa card is by far the most popular form of banking both in the virtual and in the physical world.
MasterCard: Like it says, MasterCard. You can be the master of all your banking problems with this card. You can use it online and in stores.
Both Visa and MasterCard are popular and used in the online gambling world. Furthermore, they are very safe and secure and the best part about them is that they can be used globally. Meaning, you can play with them anywhere in the world.
ecoCard: A prepaid card that you can use with your ecoAccount to spend online and in person.
EWallet or eMoney Options.
The advantage of using a wallet or eMoney service is that players do not have to give any of their banking details online. This service allows players to transfer money over the internet with anonymity. This makes the service quite popular as it makes players feel safe.
Skrill: An internet-based payment method used by many online casinos in Straya. Moreover, it is both a deposit and withdrawal method.
Neteller: e-money service used to transfer funds to and from merchants.
Paysafecard: Web-based payment method that uses vouchers. Players need to buy these vouchers; afterwards, use them to fund their virtual gambling wallet. The best part about it is that it can help you manage your bankroll.
EcoPayz: Global banking service that provides fast, safe and secure banking methods for all clients.
PayPal: An internet-based banking method used to fund your online gambling account.
Entropay: Third party service that is used for online transactions. They offer virtual credit cards and it can be used wherever Visa can be used.
Instadebit: e-wallet used by all Aussies when they want to play online.
Click2Pay: is an e-wallet that is widely used in the online casino world. where you can transfer funds within minutes.
POLi: A banking service that can be used both online and in physical transactions. The service can only be used by Australians and New Zealanders.
eCheck: An electronic version of a paycheck.
Ukash: Form of currency made for online use. You had to purchase the vouchers for real money then use them for web-based payments.
Bitcoin: The most popular crypto-currency used at online casinos. Players use it as a deposit and withdrawal method. Moreover, for most online casinos, if you deposit in Bitcoin, you cash out your winnings in Bitcoin.
Bank Wire Transfer or EFT Payments.
Wire transfers are also quite popular among online players. This method allows players to deposit money into their accounts straight from their bank accounts. This is the same process when paying through an EFT.
Withdrawal Options at Online Casinos
There is a variety of withdrawal options available for online casino players. We should discuss the online casino withdrawal limit before we go any further. With most online casinos, you will definitely run into withdrawal limits at some point. There is a system in place that allows you to withdraw only a certain amount from your casino account per week or per month. Before you sign up or try to make a withdrawal, always check the withdrawal limits to avoid surprises.
Tips for Banking at Online Casinos
Players must know that banking options vary from online casino to online casino. Below are a few tips that you could use when banking at online casinos.
- You should keep your information safe always. Never share your personal banking information to avoid scammers.
- Find out, before signing up, if your preferred casino has 128-bit encryption. This happens to be a stock standard security measure. This measure ensures that your information is protected from third parties.
- Be sure that payment method is in use at the online casino that you are playing at.
- Lastly, find out if your chosen casino carries the eCOGRA (eCommerce Online Gaming Regulation and Assurance) stamp of approval. This institution audits online casinos to make sure gameplay is fair.