Deposits and withdrawals at online casinos
When you plan to make a deposit, make sure that your online casino of choice has two or more options you can use when making a withdrawal or deposit. You will notice that some methods are only allowed to make deposits and do not facilitate withdrawals. In such events, you need to be flexible and have another option to act as a substitute for your initial option used in making deposits.
Credit CardsCredit card deposits
Bank TransferBank transfer deposits
Banking methods available in most casinos
MasterCard credit cards will provide you with instant access to your money. They will assist you in making instant deposits in your account as well. No charges will be incurred when you use it for deposits in most casinos.
This is another kind of credit card that's widely accepted in sportsbooks. This facility provides instant deposits to your account. In some cases, your bank might bar you from using your card for gambling activities which will require you to contact them for approval or go for another option. Hardly will you be charged any processing fee for the deposits.
This Credit Card facility will assist you in making deposits into your account instantly. This is a great option if your bank allows you to use it in gambling activities. No processing fee is charged if you use this option in making a deposit.
When you use a Discover Credit Card, you will have the amount instantly credited into your account for your betting activities. A downside might be that your card processor may not permit the card to be used for gambling activities. In most online casinos, no processing fee is charged.
This is an option you will never go wrong with. It might take some time which is usually 3-5 days but your money will be processed and credited to your playing account. The processing fee might be higher compared to other banking methods.
This has been a big player in the industry and is widely supported by casinos serving many jurisdictions in Europe. It is an e-wallet and will have your funds credited to your account in no time. It is widely used in withdrawals as well.
This is an easy-to-fund e-wallet that is used widely by US and Canadian bettors. Registration is immediate and you have a myriad of options when it comes to funding it.
This is another e-wallet that's preferred by online casino enthusiasts and allows customers to make instant deposits. The funds are drawn in real-time from the credit card or bank accounts registered with the click2pay account.
Other banking methods
There are many more banking methods you will find on casino sites. They include Moneygram, Western Union, PayPal, PaySafeCard, and UseMyBank in a myriad of many more.
Fees and Limits
In most of these banking methods, you will find that processing deposits are free apart from a few of them. When it comes to making withdrawals; most of them will have a small fee charged. Find out how much is charged before you will use the banking method to process your withdrawals.
Each casino or banking method you choose to use has limits set for the minimum and maximum amounts you can transact in a day, week, or month. Make sure that you learn about these before you can proceed to credit money in a casino site or before you can use the method of withdrawing money from your player account.
In most cases, casino sites will make use of encryption software known as 128 or 256-bit SSL encryption software. This software makes sure that all information you share is encrypted and cannot be accessed by any third-party members.