Published by CasinoTopsOnline on March 2, 2015 in Casino Tips

Credit CardOne of the key items for consideration when choosing an online casino or any other online gambling vendor is their ability to offer you secure and efficient processing of both your deposits and your withdrawals.

It is also important to keep in mind that you will most often be paid your winnings to the method you deposit through. So be sure that if you use a web wallet you are not only to deposit with it but also able to withdraw funds from it back into your daily use account, or that they offer you an avenue for accessing your winnings such as ATM withdraws.

Here is a look at some of the most common and popular online casino banking options available to you:

Credit Cards:

Mastercard and Visa credit cards are the simplest and most common method of depositing at online casinos. Given that we are used to using credit cards on a daily basis there is no barrier to entry for players making it a convenient way to play some poker or take a few spins on a Progressive slot machine.

When you cash-out your winnings you may also be asked by the online casino to provide a copy of the credit, and/or to sign a document approving your deposits. This is much like signing a credit card slip at a store, only doing it in bulk.

Web Wallets:

Web wallets such as Skrill/Moneybookers, Neteller, EcoCard and Click2Pay are safe and secure ways to transact online. You create a virtual wallet/account with the provider, load it with funds via EFT or credit card and then use those funds to play at your online casino of choice.

This allows you to only have your credit details in one location and only risk the funds you have loaded. In addition to this to promote these mechanisms many online casinos offer additional bonuses (over and above your welcome bonus) for deposits made using certain web wallets.

When cashing out your winnings you won’t be asked to sign document for deposits made via a web wallet.

Direct Bank Transfers:

Many online casinos, understanding players preference to wager with cash they have and not using credit, offer the option to do an EFT or direct bank deposit. For direct bank deposit options be sure to visit your online casinos banking section and get the details for making a deposit. These deposits have the problem of credits taking up to 24 hours to reflect in your account as they wait for the funds to clear before crediting your casino account.

A happy medium is the use of services similar to web wallets but which process instant EFT’s. These services include UseMyBank, Poli (exclusive to Australia and New Zealand) and InstantBanking by Citadel.

The downside to these instant EFT services is that you cannot cash out winnings in the same way. Your winnings will need to be paid out via a Wire transfer or other option offered by the online casino.

These are only some of the options available to you. If you need more information be sure to contact the support team of the online casino you are interested in and ask them about the best banking method for your needs – you are the customer and they are vying for your business.