Convenient Online Casino Payment Methods
When it comes to banking options, online casinos offer a choice of methods to suit players from around the globe. Whether you are a US resident or player from anywhere across the globe, there are payment options designed to suit everyone. This includes an array of credit and debit cards, pre-paid cards, eWallets, bank wire, bank drafts, and checks. Online casinos may offer similar payment options but may vary in terms of fees and processing periods. Therefore, it is always prudent to check with the casino’s customer support about suitable payment methods based on where you live and your budget, before you sign up. Here is a list of the most popular online casino payment methods.
Visa, MasterCard and Maestro are among the popular payment processors permitted at online casinos. Some casinos also allow withdrawals up to a specific amount or the initial deposit made via credit cards. Depending on the country you live in, some credit card casinos may not permit or may only permit MasterCard as a deposit method and not a withdrawal method. American Express is also an option at a few casinos. Transactions may involve a fee depending on the issuer.
eWallets or electronic wallets are among the most popular online casino payment methods. This includes Neteller and Skrill while some eWallet casinos allow players to fund their casino accounts via Paypal as well. For those who do not use credit cards or are uncomfortable using one, will find eWallets an ideal alternative. It is also a great way to control the urge to overspend on gambling. Opening an account with a eWallet allows you the liberty to transfer funds to your casino account from your bank account or credit or debit card.
Pre-paid cards such as uKash are one of the best ways to fund an online casino account. Several retail outlets allow you to exchange money for a secure code that can be used to at an online casino that accepts this payment method.
Direct bank transfer
This payment method allows you to transfer money directly from your checking account. Simply follow the instructions in the cashier’s section of the casino and you will receive a reference number to complete the Direct Bank Transfer. The money can take up to 72 hours to reflect in your casino account.
Wire transfer is a popular deposit and withdrawal option where you can transfer funds from your checking account to the casino’s account with a routing number. There is a small fee for the service while the minimum withdrawal limit is usually higher as compared to other payment methods.
Courier checks are permitted at several online casinos, which can take up to 5 business days. Checks by regular mail take as long as 21 business days. This is a viable alternative to request withdrawals if you do not use eWallets or any other payment method.
Things to remember
- To ensure security of every player’s account, most casinos ask their members to submit specific documents for identification purposes before they make their first withdrawal. Therefore, make sure to present them in time in order to make prompt withdrawals.
- Some casinos only allow the same payment method for deposits and withdrawals.
- Check withdrawals attract a fee.
- Deposits made by credit cards attract a higher rate of interest depending on the issuer’s policies.
- Choose a casino that employs the strictest security solutions such as SSL or HTTPS.