Online gambling is a popular form of entertainment around the world. Online casinos provide players the opportunity to enjoy playing games of chance and bet with real money from home or on the move. Before the internet era, it was only possible if you personally visited brick and mortar establishments. You can use different currencies to make a deposit to play with real money. Gambling sites on the net provide convenient deposit and withdrawal options. To make it possible to play with real money at net-based gambling establishments from all parts of the world, multiple deposit methods are available at online casinos.
Credit Card and Debit Card
Credit cards and debit cards are the fastest and easiest way to deposit your funds to online casinos. Casinos accept Visa and MasterCard. Some of them accept American Express as well. Even though online gambling is legal, if your residency is in the USA, your card may be blocked from using it for gambling purposes by the bank that issues the card. However, the majority of American credit cardholders will be able to use it for deposits.
eWallets are interned based payment processors and they are a good alternative to deposit and withdraw money into or out of an online gambling account. This payment method is convenient because it allows you to make easy deposits and withdrawals. However, using an e-wallet has some drawbacks. First, it involves transaction fees. Secondly, when you make a withdrawal, you have to wait until the money appears on your e-wallet account. Unfortunately, USA players don’t have many e-wallet options. Because of the financial restrictions imposed on online betting in USA territories, many e-wallets don’t provide service for USA players.
As the term suggests they are plastic cards loaded with a certain amount of money. Prepaid cards are technically a throwaway type of debit card. Once you deplete it, they are worthless. Therefore prepaid cards are extremely safe to use for online purchases or funding betting accounts. Prepaid cards are issued by financial institutions or credit card companies. For example, both Visa and MasterCard issue them.
Money Transfer Service
You can transfer the money online, by phone, with an app, or with an agent. This is a fast and very secure depositing method. The drawback is the high fee that these companies charge for the transfer.
Western Union is the most widely known money transfer service in the world. quickly and reliably. You choose how to send money to your casino account. You can use the Western Union® app to transfer funds on the go, using a credit or debit card, directly from your bank account, or via Apple Pay.
To fund your online gambling account, you can use traditional money transfer methods. Such as Wire transfer and check by mail.
When using wire transfer or in another term “bank transfer” you are transferring funds from your bank account to the online casino’s bank. If you do online banking, it’s a simple process. But be careful when filling out the form. Make sure you enter all details exactly as the casino gave it to you. Such as IBAN, SWIFT, BIC codes, and the reference number. This is the safest option for funding your account.
Check by Mail
Check by mail is the least favorable option to fund your account with money because it is very slow. Wire and Checks involve bank charges.
We saved the best for the last. Many players swear by cryptocurrencies. Probably it is the best method to deposit and withdraw your money. More and more gambling sites offer the cryptocurrency deposit and withdrawal option. They mostly support Bitcoin, Litecoin, and Bitcoin Cash. Using cryptocurrency is easy if you already own some, but not difficult either even if you have to convert fiat money to crypto. Cryptocurrencies have huge benefits: All transactions are anonymous and players at every part of the world are able to use cryptocurrency to deposit to the online casinos that support this payment method.