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Best Funding Options to Check When Going to an Online Casino
The online casino industry is evolving at a great rate. There has never been a better, safer or more exciting time to play your favourite games online, from card games like Blackjack to slot machines and more. But what payment methods should you be using when playing these games, which options provide the highest levels of security and convenience, and why are they favoured so heavily by online gamblers?
Below there are a few options to consider. If you want to use these methods to fund your online casino account, check their banking options screen before you join to make sure they are available. And if you need more such casino info, you can find it at webxcon, which is a great resource, anytime.
Bitcoin is the most popular cryptocurrency in the world and it has also become one of the most popular online payment methods. It’s not as anonymous as many people believe, but it’s more anonymous than other payment methods and it is also one of the most secure methods available.
With Bitcoin, every user gets a unique Wallet ID they can use to send and receive money. The Bitcoins can then be sold on cryptocurrency exchanges, where they can be turned into many different currencies.
An increasing number of casinos are accepting this method as they understand just how beneficial it is and are embracing the wave of popularity that it is experiencing right now.
There was a time when PayPal and online gambling didn’t mix, a time when you simply couldn’t use this payment method to gamble. It was an American-based company that didn’t look too fondly on this particular past-time, but as soon as Neteller started making a fortune by positioning itself as a PayPal alternative for the gambling sector, PayPal realized that it was missing a trick.
These days, PayPal is widespread in this industry and pretty much every other, but it’s still more common to see Skrill and Neteller and that harks back to this period of exclusivity.
It’s often said that PayPal has high fees and in some areas, this is true. However, you won’t really notice these fees when making transactions via online gambling sites.
The best thing about PayPal is that it’s easy to use and everyone already has an account. What’s more, even if you don’t have an account you can still use it. PayPal acts as a payment gateway, allowing you to enter credit card or debit card details and then pay directly through there. However, you will need to withdraw money eventually and for that you will need a PayPal account.
It’s also worth noting that PayPal customer support has improved immensely over the last couple of years. At one time, it had one of the worst support systems in the financial sector. It would take weeks to get an email response and trying to call them was like banging your head against a brick wall. These days, you just sign in, visit the Help section, and you will be given a unique number. When you call them and quote this number, you’ll be put through to an expert who has your account details in front of them and can address your issue quickly and directly.
Skrill and Neteller
We grouped these payment methods together because they both offer similar services and are owned by the same company. Skrill and Neteller were founded in the UK and existed as alternatives to PayPal, getting their start in the gambling sector.
Neteller is probably the better option as the fees are smaller and the customer support is a little less frustrating. With Skrill, it takes up to two weeks to get an email response, which is just unacceptable in this day and age. However, both options are also convenient and are accepted on most online casinos, especially those based in Europe.
Another company owned by the team behind Skrill, Paysafe Card allows you to deposit using a one-time voucher. This voucher can be purchased through a number of different methods and then used much like a credit card number. You put the amount of money that you need on the voucher, spend it, and then discard it.
It couldn’t be simpler! It’s worth noting, however, that most casinos won’t allow you to withdraw using this method due to the complications involved.
An increasing number of online gamblers are using credit cards to gamble online but this is an incredibly dangerous and extremely risky strategy. On the one hand, credit cards are safe, easy to use, and convenient. However, credit card networks often charge fees and many casinos don’t allow this method to be used for withdrawals, on account of the fact that money can only be added or paid as credit. There is also a high risk of problem gambling as you’re gambling money you don’t really have.
But the same can’t be said for debit cards, which are often overlooked but provide a host of benefits for online gamblers everywhere. A debit card is convenient, because it’s an option that every online gambler has at their disposal and one that is available on every online casino.
Of course, debit cards can be a little slower than other options as it takes 3 working days on average for a withdrawal to reach your account. But this is negated by the fact that the money will be in your bank account straight away. You don’t need to worry about transferring it from another method as the money will be right where you need it.
Conclusion: Choose Carefully
Whatever payment method you choose, it’s important to think about your decision and to check the casinos terms and conditions before you commit. Some casinos will accept a method for deposit but not withdrawal; some will allow you to use your chosen method but exclude it from Welcome Bonuses.
All this information can be found in the casino’s terms and conditions, so take a peek before you commit and make sure everything works in your favour. Once you’re ready, just sign up, collect your bonus, and make a deposit via your chosen method.