Casino online payment methods vary with the website and the amount of money that is withdrawn should you win. Some payment methods may seem obvious, while others should be cautiously considered. Technology offers many luxuries but also many dangers. Scams are common on the internet and as people become aware of the old ones con artists are creating new ones. This is why it is so important for you to know who you are paying and the level of security associated with a transaction.
Casino online payment methods in which the money is being paid to the casino are relatively easy to set up. Deposits are also where the gambler needs to be careful. You don’t want to give money to an illegitimate site. For this reason, it is advised to not use a credit card, which you may not be able to do anyway. The credit card companies have set restrictions on direct payments to online gambling sites. Instead, they want customers to pay a secure third party site that has verified the casinos.
Generally, casino online payment methods are not the same for withdrawals as they are for deposits. The main and most obvious difference is that you are receiving, not sending, money. Casinos will take your money almost any way they can but you are limited to how you get it back. An online casino may send money to your bank by doing an electronic transfer. They might also put the money on a gift card or prepaid card. If it is put on a prepaid card you would be able to withdraw cash at an ATM or shop with it like a credit card. The most common way they pay out money is by mailing you a check. Casinos will not put money on credit cards or wire it through Western Union.
Neteller is an online site that allows you to deposit, withdraw, and send money. To use the site you must first open an account. Once the account is open you can choose how you want to add funds. Money added to the account with a debit card or by a local bank deposit does not incur a fee. Credit card transfers are charged 1.75 percent and online bank transfer fees vary. A 2.5 percent fee plus the day’s interbank market rate is applied to foreign exchange transactions. Neteller is not available in the United States.
An automatic bank transfer that is only available to residents of the United States, its territories, and Canada, ACH is a safe way to send money to an online casino. ACH is operated by The Federal Reserve and the Electronic Payments Network. It must adhere to the rules outlined by NACHA, the organization that allows the electronic payments to clear. There may or may not be fees associated with this type of transaction. Check with your bank for details.
Odd but true. Some casinos will accept money sent to them by Western Union. You can send money using a credit card, debit card, or bank account information. Money can be sent online, over the phone, or at a location. Western Union does charge fees to send money and they vary based on the amount and destination.
Other online payment options are click2pay, Moneybookers, PayPal, and Ukash. Payment sites that have closed are Insta Cash and Firepay.
As you can see, there are several casino online payment methods. They vary based on where you live and the online casino you are visiting. Fees may apply so shop around before making a deposit. You should also have enough knowledge about a site to be comfortable providing your personal information. Be safe and good luck!