Before you sign-up with an online casino, a gambler should ask vital questions.
For example, does that platform offer a variety of banking methods? How convenient are the deposit methods? Because moving money to and from an online casino can be a real challenge, deposit methods should inform your decision. This post reviews some of the most popular deposit methods you will find in most eGaming platforms. But first, let’s start with the basics.
FACTORS TO CONSIDER WHEN CHOOSING A DEPOSIT METHOD
The truth is, you will face the challenge of choosing a deposit method from a variety of options. But first, a question of factors to consider should come to mind. Why should you choose a banking method? For South African punters, South African casinos that accept PayPal are a popular choice. Here are a few factors that should help you make the right decision.
- Convenience: You should choose a convenient deposit method than anything else. For example, if you can use the same payment gateway to withdraw winnings, the better.
- Security and safety: A gambling novice may find it challenging to choose a deposit method. However, when you factor in safety and security, go for a deposit method that does not share your personally identifying information (PII).
- Deposit bonuses: While not all deposit methods present gamblers with extensive benefits, bonuses let you play more in online casinos. And depending on the gaming platform, choose a deposit method that earns you extra credit/bonus.
- Jurisdiction: Jurisdiction plays significance when choosing a deposit method. For example, punters in South Africa should choose a gambling platform that accepts Rand deposits and popular payment methods.
A QUICK REVIEW OF DEPOSIT METHODS IN ONLINE CASINOS
If you haven’t reflected on casino deposit methods, here is your chance to make amends. The following are top deposit methods to choose from when joining online casinos:
Credit and debit cards are still popular deposit methods in eGaming platforms. They are not only safe but also convenient for most gamblers. While credit/debit deposit often takes longer than most methods to reflect in gambling account, nearly online casinos use credit/debit cards. Examples include Visa, MasterCard, Switch, Maestro, and Laser.
If you need extra convenience and ease of transaction, e-Wallets will not disappoint. Gamblers now prefer PayPal casinos to those that accept credit/debit cards only. For a gambler, the speed with which funds reflect in your account makes a big difference. If you cannot wait to start playing your favorite games, use e-Wallets such as PayPal, Neteller, Skrill, Payoneer, and EcoPayz. E-wallets are secure, and the process of depositing funds is fast.
For safety, always link/verify your e-Wallet using credit/debit cards. It also ensures quick top-up and ease of funds transfer when your e-Wallet gets depleted.
Cryptocurrency casinos are popping up everywhere on the World Wide Web. It is revolutionary and evolving fast. You must first set up your wallet with an exchange platform. Next, sign-up with an internet casino and add your wallet as a deposit option. Note that most cryptocurrency-friendly that accept Bitcoin also accept Bitcoin cash. Other popular crypto deposit methods include Litecoin, Ethereum, Dash, Monero, and Ripple.
Cryptocurrencies are very secure compared to most deposit methods. The blockchain technology that powers most crypto wallets makes them hack-proof. Moreover, cryptocurrency deposits are anonymous and decentralized. Also, note that casinos that accept deposits in BTC, ETH, or LTC often award exciting bonuses.
Wire transfer is among the most-sought after deposit methods in online casinos. It is secure and convenient, especially in countries where e-Wallets are unavailable. Moreover, wire transfer is among the pioneer deposit methods in internet casinos. However, you will incur extra costs and spend a lot of time using wire transfers to move funds from bank to internet casinos. In most cases, punters who use this method must physically visit a bank to request deposit processing.
Checks and eChecks
Another deposit method, which is not very popular, is the use of checks. The popularity of check payments often depends on the vastness of banking methods on a gaming site. In countries like Canada, where there is no tight legal grip on the eGaming industry, eChecks are popular deposit methods in internet casinos.
When creating a gambling account in online casinos, always factor in deposit methods. It makes your gaming experience worth the while. While more is better, you would rather have a few deposit methods that are convenient and affordable. Also, in BBN Times, read how you can make your money work harder and become financially apt.