Casino Deposit Methods

List of Casino Deposit Methods

A good online casino will offer a long list of deposit methods so that any player can find just the type that will fit his needs the best. When gambling online there are a few issues to think of that wouldn't be necessary to consider if the purchase was one of other merchandise or service through the Internet. It is the US player in particular that has to be well aware of just what applies to his chosen payment method and where it will be accepted.

Credit Cards

It is hard to find a casino that won't accept the credit card as a payment option. While the major cards like VISA and MasterCard are always available it is not uncommon to find the more local solutions like the UK card Solo. Casinos don't mind that players use credit cards but the player himself might find that this method is actually a very bad one. Buying credits for gaming online is not evaluated by the credit card issuer as buying a pair of shoes or even a vacation. The online gaming business is considered a risky one and to let a person utilize his credit for such a purchase is just more than what many of the credit card companies want to deal with. Sometimes the card won't work at all for making a deposit and sometimes problems could arise only later into the gaming. Casinos are well aware of this problem and they do often advice their players to try and choose a different method for smoother gaming.

E-wallets

The solution that has made it easier for the players with problems using their credit cards for online gaming is called an e-wallet. There are many types of e-wallets but they have in common that they are basically an online bank account into which a person can deposit money. To deposit money into this account the credit card can be used without problems. Once the money is in the online account further transfers can be made to the casino. This might sound like a hassle as it certainly adds a step on the way to the deposit but there are many advantages to this system. First of all the player gets to decide how much and on what he's like to spend his money without any interference from the credit card company. As long as there is money in the e-wallet the deposit can be made to the casino. Another good thing about an e-wallet is that it gives a good overview of just how much a player is spending on his gaming. Since this wallet could be used exclusively for the gaming its balance quickly reveals to the gambler just how he is doing.

Bank Transfers

There are different types of direct transfers between the player's account and the casino and some of them are quite convenient to both parts. Wire Transfer if a well known option where a player simply issues a transfer from his account to the casino account. While this is a very safe method it can sometimes come with extra costs and many casinos only offer it as a method of withdrawal. To some gamblers the extra cost might be worth it since this type of transfer could be made very fast and when making a bet online it could be crucial to be on time with the deposit. Wire Transfer is also safe when it comes to preventing spending too much money as only that which is available in the account can be transferred.

A new type of bank transfer which works very fast and easily is the so called e-check system. This deposit method is an electronic check which is filled out online and sent instantly to the casino. The transfer is really one between the player's checking account and the casino but it goes much faster than other bank transfers. When the casino makes a payout to the player this goes automatically back into the player's checking account which is a great asset. This type of deposit method is especially suitable to American and Canadian players who usually own checking accounts but the international crowd can also use it as long as they have a regular checking account.

Challenges to the US Player

US players will many times find online gaming a bit tricky. Since so many American states outlaw online gambling, many online casinos have limited their gaming to US citiizens. This is something that can be noticed also in the deposit methods. One of the largest e-wallet providers Neteller made great commotion when they withdrew from the American market and many other payment providers have followed their lead. It is simply too risky to deal with the American market when it could lead to costly law suits. Despite these setbacks there are plenty of great deposit options to the US gambler. The first thing to do is to find a casino that accepts US players and then have a look at their deposit options list. The best option will most likely be an e-wallet open to the US market or some kind of bank transfer solution and this can easily be adjusted to what the player is currently using for online purchases.

Rewards for choosing the right method

A nice feature of many online casinos is the deposit bonus. Unlike the initial welcome bonus this bonus is offered for each deposit and usually lies between 10-15%. This is a way for the casino to try and steer the players into using their preferred method but it can also be seen as an advantage to the player. While a player shouldn't pick a casino according to where his payment option will be rewarded it is certainly something to consider when choosing where to play.

Safety of Online Casino Deposit Methods

Something that most of the different types of deposit methods have in common is that they are safe. Banking online is so common today that a provider of an online deposit method will have a hard time surviving if the safety isn't up to the commonly accepted standard. Still, a player should make sure to check the security details up. This means checking that the casino uses encryption technology for money transfers as well as the chosen payment option. What a player must never forget when making deposit to online casinos is that the security of his home equipment is equally important. It is crucial to make updates of security software from time to time regardless of the level of security of the online casino and online deposit method.