Most of the major online casinos have so many different ways for you to deposit and withdraw cash, that you are actually spoilt for choice. If you don’t know very much about online casino payment methods, then it certainly helps to get yourself acquainted with them. It won’t take very long, and you’ll be much better prepared if you do.
Credit cards and debit cards are in many ways, the simplest methods with which you can deposit money into your account. When you deposit with a credit or debit card at online casinos, it is quite safe. You simply need to enter your bank account information into the spaces provided, to instantly top up your account. Some online casinos may charge small fees for this process. Withdrawing to bank accounts can take up to 5 days, and a small fee may be charged, varying from casino to casino. Visa and Master Card are the most popular credit card options.
E-wallets on the other hand are always free. These are one of the safest deposit methods in the online casino world, since you don’t need to hand over any of your personal banking information to the site. Simply top up your account with your credit card, and then send that money from your e-wallet to your casino. When you deposit with e-wallets, you money is in your casino account instantly, and you can also deposit quite small sums. For withdrawals using e-wallets, players are also able to go about their business free of charges, and they can get their winnings within a few hours, and no later than 2 days after requesting a withdrawal. Skrill and Neteller are the most popular e-wallet options.
The safest option to deposit funds, is with a prepaid voucher. Paysafecard is the most common option. Pre-paid cards can be purchased at outlets across the country, and simply require players to enter a code to load up their account. There is absolutely no safety risks involved with using prepaid vouchers, but they do have a downside. You will not be able to withdraw your winnings using prepaid vouchers. This means that you will have to find an alternative payment method for withdrawals, which really does kind of defy the point of their safety feature, doesn’t it. Deposits made using prepaid cards are instantaneous.
Instant banking and wire transfers are two other popular forms of deposits funds into your online casino account. These options can take a bit of time to land in your account, and even longer to withdraw them from your casino account, although they do have their perks. Players are able to deposit and withdraw much larger sums of cash with both of these options. One of the downsides to using wire transfers is that many casinos slap a pretty hefty withdraw fee (sometimes as much as £20) for using their services.
Which payment method you use is entirely up to you, but at least now you can rest assured that you know the benefits and drawbacks of each optionShare on: