Casino Banking Options
There's no casino cage and no chips at an online casino. Everything is done electronically, including depositing and withdrawing money. Preferably, an online casino will give you multiple options for transferring funds, making it as convenient as possible. Different gaming sites use different methods for real money transactions, so it's helpful to know about as many as possible.
Deposit and Withdrawal Methods at Online Casinos
Except for the United States, where such transactions involving online casinos are prohibited by law, credit cards are the preferred option for depositing money into gambling accounts. They're fast, accepted in most places and have some safety features built in. Many casinos will automatically make a card used for a deposit the default method for withdrawals as well. For those without credit cards, many sites also accept debit cards backed by Visa or MasterCard.
Electronic payment processors can also be used for deposits and withdrawals in numerous online casinos. Though the services can vary by country, they generally fall into two categories: E-wallets and direct transfer services. An e-wallet is a separate online account with its own balance, which can then be used to supply a casino account with funds. Withdrawals are taken from the casino account to the e-wallet in the same way. E-wallets offer speed and simplicity while also adding an extra layer of security between the casino and your bank account. Neteller is the leading e-wallet for gaming purposes, accepted in many different places.
Direct transfer services simply move money electronically from your bank account to the casino. Some people prefer not to have their bank account linked in this way, but reputable online casinos have top notch encryption to make this method safe. E-checks are the most common form of direct transfers, but there are localized choices in certain countries that offer similar functionality. Some payment processors, like Skrill by Moneybookers, can be used as either an e-wallet or direct transfer service.
Other kinds of prepaid cards and electronic vouchers, as well as old fashioned wire transfers, may also be viable options for depositing and withdrawing funds. It's important to check the availability and fee schedule for all transfer methods at your online casino of choice before committing any money. Also, be prepared for withdrawals to take longer than deposits, as that is the case for almost every online gambling site.