Deposit: How to Deposit Money into an Online Casino
Are you a gambling newbie or a pro gambler that is transitioning from the normal casinos to online casinos, there are many things to consider, such as the best casinos to register with, and most importantly, the deposit and transfer of funds? After joining an online casino, to play games and gamble for real money, you will need to credit your account. This process is what is known as depositing. If you’ve been having issues making deposits into your casino accounts or you simply fear giving away your personal details, or you’ve been thinking about how to deposit money into an online casino, then this is for you.
- Depositing money is easy and straightforward
- Popular payment options are accepted
- Bank wire transfer is suitable for casino large money transactions
- Vouchers, E-Wallets, & Cryptocurrencies are accepted
Depositing Money into an Online Casino
It is not strange that people, especially newbies find it hard to trust online casinos when they need to drop their banking or financial details. Some wonder about the options open to them, and the wisdom in sharing that information, coupled with the need to watch out for issues regarding gambling deposits. Depositing money at online casinos is not entirely different from making payments at online stores or other online transactions. What casinos do is that they provide options that vary depending on your location, and what is available for you.
How to Deposit into an Online Casino
- Log in
- Visit the cashier
- Select your preferred method
- Enter relevant payment details
- Enter the amount you wish to deposit
Methods of Payment
Payment options differ from site to site, hence the need to select any of the options you prefer most. The casino site will naturally offer you many options, which might not be available on other site. So, you choose any of the options that works best with you.
The most available cards people use are credit cards and debit cards. These cards help with daily online transactions, and since they are the most popular options in the world, casinos also use them as a deposit method, and the method is very simple. Deposits with cards are always swiftly processed, and funds are more often than not readily accessible. Most sites also allow you to withdraw your winnings on the cards used to deposit. MasterCard and Visa are the most widely used deposit options in the online casino world, although, very few online casino sites use American Express and other cards. But there are some minor issues as regards using credit or debit cards, in relation to the banks that issue them. Online casinos accept card deposits, but some banks do not and block such transactions. Banks have varying policies on gambling. Credit or debit cards that are branded Visa and MasterCard are issued by many banks, but the usage of the card for a particular gambling site can be prohibited. A card that is not accepted on a gambling website can be accepted on another.
It is a generic issue worldwide, but because of state laws allowing gambling in some states in the United States, the issue is quite low. The climax, however, is that both banks and the online gambling industry are looking for ways to categorize gambling transactions, such that using cards will not pose a problem. However, cards are being used, and are being allowed, but card users might have to subject themselves to a trial by error process.
Bank Transfer/Wire Transfer
Most online casinos allow you to make bank transfer to your casino purse, and this has proven to be a good option in situations where,
- You are not sure you want to submit your bank details online
- You do not have a credit card
- You want to deposit a large amount of money.
However, bank transfer may not be as fast as card transaction, although withdrawals are usually as fast as other methods.
Depositing through bank transfer may take longer time due to processing funds and may require some steps that are absent when using card transaction. You will have to transfer from your bank account to the account of the online casino you wish to make your deposit (some of them display their account, while some require that you make a request for it before they make their banking details available to you). In the process of the transfer, you will be sent a secure number, that will tally with your verification number, such that after making the transaction, the casino will be able to identify your transaction. Once the transfer has been received in the casino’s account, your casino account will be funded.
In recent times, this option has become more patronized. It has become a good option when,
- People live in the United States
- People do not have an e-wallet
- People do not have a credit or debit card.
For this method, potential customers are required to buy a prepaid voucher for a fixed amount and then make their deposit with the voucher. The voucher contains a Personal Identification Number (PIN), that is attached to the value of the voucher.
Pasteandpay is one of the most popular types of prepaid vouchers that is used at casinos in the United State. Paysafecard is also another type of voucher used.
However, one cannot use the voucher to withdraw.
E-wallets such as PayPal are very easy to use and fund. When you use E-wallets like Paypal or Skill, it’s like having an online bank account, and they’re useful at many online business outlets. They have proven to be beneficial to gamblers who play at different casinos, who need to deposit and withdraw from them. The most popular e-wallet services include Skrill, PayPal, Neteller and EcoPayz.
Using checks is among the very easy methods to fund your casino account. You just need to post your check, and once cleared, the amount will be credited to your casino account. Posting checks is a very secure method especially when you do not want to post your banking details. It is not a common option because it takes time, especially when it is being processed. With checks, you cannot withdraw. However, with innovation, e-checks have been introduced, and is available on some online casino site. E-checks are the electronic version of the normal paper checks, and they function in the same way.
This is also a way to deposit money into your casino account, but the process differs from site to site. It can also be used as an offline payment option, but you will be required to transfer via phone or by going to a Western Union office to fill form and transfer. This option is already disappearing from many casinos’ payment option. Though, it’s a reliable option if you do not want to use a credit card.
Cryptocurrencies have changed the way products and services are paid for. They are also useful ways for both depositing and withdrawing. Using cryptocurrencies can help in doubling the amount you have, since they are decentralized currencies, and users have control over their value. Popular cryptocurrencies in use in online casinos are Bitcoin and Ethereum. Bitcoin has been around since 2011, and Ethereum is a newer cryptocurrency. However, they both have fast rising value, and can be much more profitable to their owners that conventional currencies. The good news is that casinos use them; you just have to find out if they are a deposit method in the casino of your choice.
Online Casinos have made life easier for customers by providing a wide range of ways to make deposits. You do not have to drop your financial details especially if you want to be anonymous. There are whole lot of various ways to deposit money. The past few decades have introduced to us plastic money as well as virtual money. The most important tip is that you input the most preferred method of paying. Stick to the most secure method too, and do not forget to check if the gambling site encrypts your personal info.
Where to Find Online Casinos with the Above Payment Methods
Every method has both advantages and disadvantages. These methods are also relatively safe, but you are advised to deposit your money at credible online casinos. Looking at casino reviews may be quite a task for you especially when you’re still new, therefore on our online casino comparison page, we have provided for you the best online casinos which offer safe, secure and trusted means of making a deposit. Some of them even allow you to play demo games before registering your banking details.
The amount you desire to deposit is solely dependent on your ability. Some sites charge fees on deposits, which will be deductible from your bank account, you can therefore always contact their customer support before making deposits to be sure. This practice is rare, and more often than not, you get a notification that you are going to be charged a fee; this is usually before you make the deposit. However, it is strictly advised that you deposit funds you don’t need. It can be very disastrous if you deposit your mortgage to play casino games. There are minimum and maximum amounts prescribed by online casinos although these differ. So make sure you stay within the ambit of your ability.