Online Casino Banking
July 4, 2013

Online casino banking is a relatively simple process which basically involves either topping up your online casino account or withdrawing your winnings. Some online casino banking methods allow you to deposit & withdraw, whereas other methods only allow you to deposit into your account, which means that you would have to find an alternative method to withdraw your winnings.

The most common online casino banking methods include prepaid cards, e-wallets, credit & debit cards and direct bank transfers. If you are based in the US, it’s pretty much guaranteed that you will have certain deposit and withdrawal options available to you that perhaps UK or other European players may not have available and vice versa. Another example is that Canadian players may have different methods than what Australian players will have available to them, and so on.

PayPal, Instadebit and EcoCard (which are all e-wallets) cannot be used by US players, but some of the most reliable online casino banking methods for US players include credit and debit cards like American Express, Diners Club, MasterCard and Visa. Also, Western Union and Courier/FedEx options are also available and extremely reliable, but these methods can be more time-consuming than using an e-wallet or a prepaid card. Some US players can also use Bank Wire Transfers to deposit funds into their casino account.

Prepaid cards can be purchased from thousands of different land-based merchants and some online merchants have also started selling them. If you are based in the US, you may want to consider some of the following online casino banking options: eChecks, cashier’s check or MyPaylinQ, but for those players who are even more determined to deposit into their casino account, you could even open an offshore bank account and then transfer funds from that account into your favourite online casino.

As a player from Europe, Australia, Canada or the UK, you could try some of the following methods, which tend to be among the most popular online casino banking methods today: American Express (Amex), Bank Wire Transfers, Bank Credit Cards/Debit Cards (such as Visa, Visa Electron, Visa Delta, MasterCard, Maestro, Switch, Solo and Laser).

Other popular methods include Click2Pay, ClickandBuy, eChecks, EcoCard, entropay, Instadebit, MyPaylinQ, NETELLER, PayPal, paysafecard, Skrill (which recently rebranded from moneybookers), Ukash, Western Union and Wire Transfers.

Also consider giropay, Poli, eps, WebMoney, Euteller, moneta, Ticket Premium, Instadebit, wirecard and Sofort. The list goes on, but it would be a good idea to learn more about a certain method before you decided to use that company’s services. Depending on your situation and where you are based should determine which method will be more suitable, but e-wallets tend to me the method of choice for online gamblers today.

e-Wallets are perfectly secure and most e-wallet companies generally process transactions almost instantly. However, withdrawing your cash can in some cases take up to 48 hours. e-Wallets are also free to sign up to and using one to deposit or withdraw is really easy.