When joining an online casino, one of the most important aspects to check is its banking options, especially if you’re a beginner who has just started out with online gambling.
Today, casinos are offering their players with multiple options when it comes to making a deposit or a withdrawal. And with technological advancements, these options give users easy, quick and secured transactions, as reputable casinos make use of 128-bit SSL, making the deposit details visible only to the user.
Note: The banking method used by the casino may affect the length of time to process a deposit or receive a withdrawal. Also, banking methods may vary based on where you live.
Banking Options Available
Wire Transfer: Many reputable casinos let you deposit and withdraw through wire transfer from your bank account, letting you make large transactions but pay a small fee.
E-Check: This is another safe and secured banking method that you can use for an online casino account; however, it is not accepted in most casinos.
Bitcoin: This is one of the fastest-rising digital currencies in the gambling world. It is preferred for its anonymity features, letting a user keep his identity private, deposit details included.
Credit Card: It is not just when shopping for goods that credit cards can be used, but now also in online gambling. You can make use of your Visa or MasterCard . In most US casinos, it is a popularly used banking method because it is also one of the safest and most secured.
PayPal: One of the easiest and fastest ways of paying online, PayPal is another banking method to use in an online casino, but not all web casinos accept deposits made from it. A PayPal option may only be available for players from Denmark, UK, Sweden and Ireland, to name some.
Debit Card: Visa Electron, Visa Debit, Maestro and MasterCard, to name some, are types of debit cards that you can use in online casinos.
Bank transfers: Transactions usually take one to four business/working days with a bank transfer, a traditional banking method for funding an online gambling account. Remember, the method isn’t instant so you should wait for a couple of days before the funds could be cleared into your account.
Courier Cheque: Just like a bank transfer, it takes a couple of days, usually four to seven days before funds could be cleared into your account. Also, fees apply in this method and not all casinos online accept it as a deposit method.
Paysafecard: It is prepaid voucher available in local shops throughout Europe. This card, which requires no signup, can be bought in increments €25, €50 and €100. All that a player has to do to add funds into his or her account is to enter the voucher ID number. Note: It is used only for deposits. For withdrawals, you can use wire transfer or cheque, if you already have inputted any of these as another payment method.
Banking Method: Which to Choose
The answer here lies in the web casino to use. For example, if you’re joining Holiday Palace, you can conveniently deposit to and withdraw from your account anytime using your bank. For a deposit, you can simply add funds into your account by choosing from any of the approved Thailand banks listed on their website. A few include HSBC, Mizuho (Japan), ABN AMRO Bank NV, Standard Chartered Bank and Citibank (US). For withdrawal, you can transfer funds from your casino account into your bank account by calling up their customer support. Check out their banking options page for a complete list of accepted banks.
Nevertheless, several banking options are available for you, but what matters in the end is that you pick an online casino that accepts the method that works best and applicable for you.