The most important step toward great online entertainment is finding the best online casino, followed by registration and third comes finding the best way to fund your online casino account. An array of different options is available for both depositing and withdrawing from online casinos and include credit cards, debit cards, prepaid cards, bank or wire transfers, money transfers, e-wallets or courier cheques. We take a look at what benefits is available to the player by using the following banking methods.
Credit cards are probably still the most used option by online players due to its convenience and easy use. It is estimated that ninety percent of all deposits made to online casinos are via credit cards such as Visa, MasterCard, American Express and Diners Club International. Funds transferred via credit cards are available immediately and allows the player to start enjoying his favorite games instantly.
Debit cards are as easy to use as credit cards although only available funds can be transferred, whereas credit cards enable online players to use resources not available and to repay the company later. A debit card is another way to enjoy gaming instantly once the payment reflects at the casino within a few minutes.
More and more online gamblers prefer to use e-wallets since funds can be moved from bank accounts to any e-wallet allowing complete security. E-wallet payments are accepted at almost all online casinos, and players do not have to provide the casino with any bank details. The biggest benefit is that financial institutions that do not wish to grant transfers to online casinos cannot block e-wallets, although online players can fund e-wallets from their bank accounts.
Prepaid cards are available at thousands of outlets worldwide and can be used to fund your casino account instantly. Prepaid cards allow users to allocate the entire amount to one account in a single session or players can use a set amount and save some of the monies on the voucher for later use. Voucher balances can be checked online via its unique sixteen digits.
Bank transfers are accepted at the most online casinos, and for online players, this is once of the easiest ways to transfer cash to an online account. It mostly involves an instruction to your bank and once the transfer is set up transferring is fast and secure. Wire-transferred funds take only seconds to appear in casino accounts.
Not many online players make use of courier cheques although the number that still believes in using this method is sufficient enough for several online casinos to still accept courier cheques as a deposit option. Withdrawals can be requested via courier cheque and could take up to 28 days.
Bitcoin is a relatively new cryptocurrency, and since its use has enjoyed massive popularity, several online casinos are now adding it to their accepted payment method lists. Bitcoin is the most preferred payment option for players who select to remain completely anonymous.