Apart from a great, varied gaming selection to choose from; an equally varied and secure selection of online payment methods is key to the making of a quality online casino. Online casinos now offer members a multitude of ways to easily fund accounts. The most important factor is that players’ funds can be safely transferred within seconds and while some methods allow depositing only, there are several usable for both depositing and withdrawing. With so many available options it can become confusing, and we have put together short explanations of each method to assist readers in selecting the best online method tailored for their unique situation. Our list of methods for depositing and withdrawing of real cash offers both the positives and negatives of most used payment methods starting from credit cards, to e-wallets and to prepaid cards.
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Payment Methods and Their Advantages
|VISA||All in all, Visa offers one of the most trusted, used, and simplest ways to deposit play money into your online casino account. Although, rarely, Visa cards have certain disadvantages when it comes to online gambling in that institutions might block gambling transfers, it has plenty of other advantages. Benefits of using Visa include being accepted by all casinos, easy to use and available worldwide.|
|MasterCard||Today the majority of deposits in online casinos are made via credit cards. MasterCard is one of the most commonly used. MasterCard is a worldwide company frequently used for funding online gambling accounts. MasterCard not only has an extensive history of extraordinary service and excellence, its casino banking is identified as dependable and trustworthy by the sheer number of users across the world. And it can’t be argued that half of the world’s credit card users are wrong. Benefits include its simplicity and easy-to-use quality. Although, there is a transaction cost involved and once anyone gets hold of your card details it is risky and could lead to huge losses unless the card is canceled instantly.|
|Maestro Card||Maestro allows players to be the master of their own finances by providing options to closely observe spending. Maestro is owned by the trusted Master Card Company, which makes it one of the finest online casino payment methods. Players searching for payment options that offer both convenience and speed will find Maestro to be one of the fastest and safest options. The only safer option would be e-wallets.|
|Skrill||Formerly known as Moneybookers, Skrill offers several basic products to make a life for players in and out of the casino environment a bit more convenient. In general, e-Wallets are the best option for safe depositing and withdrawing. Plus, they’re accepted by almost all online casinos. There are several good e-Wallet options available, but Skrill is without a doubt one of the best options. Its services include Skrill prepaid and Skrill e-wallet offering instant funding. Unfortunately, Skrill isn’t available for Canadian players as the company pulled out of the country a few years back.|
|NETELLER||Neteller has a solid reputation in terms of security. Neteller offers instant transactions, quality support and unique features like the Net+ card in exchange for online gamblers support. Almost all online casinos accept deposits as well as withdrawals via Neteller. Only funds available in you account can be used. The downside is that several online casinos disqualify players using this payment method from claiming welcome bonuses. Like Skrill, Neteller is also not available in Canada.|
|Ukash||Ukash is an electronic money system which allows online players to fund casino accounts without the need to use debit or credit cards. Founded in 2005 the company originally focused on the UK and then expanded in 2006 to cater for international customers. Ukash exists in the form of voucher codes, which can be purchased at any retailer or at some ATMs. Ukash acts like cash and is the perfect banking options for players fearful of the risk of identity theft and those unwilling to provide online casinos with their banking details.|
|Wire Transfer||Even though this is a painfully slow method compared to all the other online options used to fund casino accounts it is indeed the safest possible method available to online gamblers. Bank Wire transfers need players to appear in person to provide identification although transactions can take up to 10 days.|
|EcoPayz||Eco Card offers similar benefits to other e-wallets adding to its success as one of the most proffered cards used by online punters. Eco allows players to manage their account and can be used safely and securely via tablet and smartphones and by functioning with MasterCard, users have a much wider range of options with Eco Card since it is accepted at all institutions that welcome MasterCard.|
|UseMyFunds||UseMyFunds is perhaps the single best option for depositing cash into your online casino account. What works in its favor is that the free service is perfect for online gamblers who do not want to sign up to the casino. Plus, it removes any reason to give banking details to the casino. UseMyFunds is reckoned to be the safest way to deposit cash for online playing, especially since funds are available instantly which makes UseMyFunds the easiest and fastest payment method.|
|iDebit/Instadebit||iDebit, which comes from the major Instadebit company, operates like an eWallet. Both of these payment methods are the best option around for Canadian players. You need a bank account in order to transfer money to your iDebit account, and then from your iDebit account to your casino account. The best part about iDebit and Instadebit is that there are zero transaction fees involved and the processing time is instant.|
Online banking and payment methods provides players with easy to use, secure options to enjoy gambling at the wide variety of casinos from the comfort of home, apart from saving cash on travel and other refreshment expenses at land based casinos, online players enjoy lucrative bonuses. Make sure to check with your online casino whether your payment method of choice is accepted by the establishment before-hand, if you’re still not sure.
Also, always remember to check for those transaction fees before transferring any of your money. Each banking method comes with different conditions depending on the casino. Research is always key in decisions which involve real money.