What really sets online casino games apart from their real world counterparts is the way you pay for your losses and reap your winnings. Like most online casinos, we ask that our clients create an online account. This lets us make sure that your personal information is kept safe and that you don’t need to re-enter it every time you use the site.
This also lets us attach a payment method. With an attached payment method, you should only have to enter your account information once, then not have to bother with it again. We can withdraw and deposit money to your account as required without a lot of hassle on your part.
We can also keep your information very secure this way. And the online account gives you a way to track the revenue going out and coming in for all your online games with us.
Now there are a number of payment methods you could attach to your account. We will look at the most commonly-used ones. The variety of payment methods ensures that no matter how you like to pay for items and services online, you can still enjoy the full casino experience.
Credit Cards- This is the old standby for online purchases. It is easy, secure and often comes with few if any service charges. Your credit cards are designed to be used almost anywhere in the world and to be incredibly easy to transfer funds with. The most commonly- accepted cards are Visa, MasterCard and Discover.
When you are dealing with online casinos, however, your credit card company may require you to pay a cash advance fee. This protects them from spending practices that could take you over your card limit.
In many cases, your credit card will not accept deposits. For this kind of transfer, you will have to have an additional account type. Usually a bank account is preferred.
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Debit Cards- With debit cards, you will be playing with the safest method available. Most debits cards are designed to ensure that you do not spend more than you have in your bank account. This protects you from having to pay fees or putting your account into overdraft. Some US banks may not permit online gambling with their debit cards. In that case, you may need to open an account in another country. |
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PayPal- This is one of the most preferred methods of online casino deposits and payments. The PayPal system is already set up to handle both withdrawals and deposits flawlessly, and it is accepted by the majorly of online sites. Your PayPal account will protect you quite well against spending more than you have in your account. But you will still have be careful how much you are spending, as the way some sites take out money varies, and it may be possible to spend more than is in your account. If that occurs, you will have to pay some fees on your account. For US players or those using a US PayPal address, some online casinos may not accept your PayPal account. You can change your account’s address or create a new account. But you should bear in mind that many online casinos will track your IP address. If they find you are located in the US, they may not accept your PayPal account either. If this occurs, you may be able to change your IP with a new IP account. Paypal Blackjack |
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Neteller- The Neteller services were actually made with the online gambler in mind. They can easily make deposits or withdrawals from your account, and most online casinos have this payment method as an option. On the downside, though, this service comes with a number of costly fees. These fees include normal service charges as well as exorbitant charges for any additional services. In most cases, it is better to use a different payment method with fewer and less expensive fees. |
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Moneybookers/ Skrill- Much like Neteller, this service is made for online gamblers. And as such, it also comes with some hefty fees and fines to pay outside of regular service charges. But because it is a publicly owned company, it is required to answer to its shareholders. To boost its profits or to ensure it is adhering to regulatory standards, it may freeze accounts or cancel its service at any time. This kind of service can be unreliable and may not be the best method of those wanting to play casino games online. Skrill Blackjack |
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Ecocard- Now this is a privately-run service that is under much less scrutiny. They ensure very secure transactions, but there is less chance of company interference due to the lack of stockholders to answer to. And because it is privatized, it comes with fewer and lower fees, making it desirable for people playing on a budget. It is possible that Ecocard will be an acceptable deposit method but will not be accepted by the casino for withdrawals. You will want to ensure that you can spend and receive money with the payment methods you have available to you. It would be a shame to earn some winnings and not be able to use them. |
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Western Union- This is definitely not the preferred method of payment for gambling, as it tends to come with a lot of charges. But in some cases, it could be your only option. |
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Bank Account- While a lot of online casinos allow you to use your bank account, it can be a very slow process, especially getting started. Your bank may take a few days to clear funds, holding back your gaming longer than you would like. This option is best for people who don’t need to get started right away and don’t want to worry about some of the fees associated with the pricier options. |
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UseMyBank- This Canadian option is actually open for anyone. It is an online banking method that uses Canadian dollars, but it is widely accepted as an online gambling payment method. |
