21. July 2021
Banking Methods Popular in Online Casinos
With the rapid growth of online casinos, operators have been prompted to look for reliable and safe banking methods to facilitate smooth transactions. Best casinos like explained at casinoonline-canada.com/ have multiple banking options, all of which are safe and fast.
Funding Your Account
Depositing money to your online casino is no longer a long and complicated process. Today, you can fund your account and kick-start gaming within minutes. Funds reflect in your account as soon as you make a deposit.
Thanks to instant banking methods, you no longer have to wait for days for your payment to reflect in your casino balance as was the case in the past when Credit/Debit cards were the primary modes of payment.
Withdrawing Your Winnings
Withdrawing your winnings has also been made easier. While it is not as fast as making deposits, it is still better than it was like five years back. If you go for options like e-Wallets, the process will be faster.
Popular Payment Options
With time, many payment options have become popular among players. Initially, VISA and MasterCard were the most popular but this has since changed. While the two are widely used, other options like PayPal, Skrill, Neteller and Zimpler are equally popular.
- The online gaming sector has seen the addition of more payment options.
- Currently, players have plenty of options to consider unlike before when they were limited Credit/Debit cards.
Which Methods are the Best?
Most of the payment options available in online casinos are equally good. The reason casinos included plenty of them is to give you the freedom to choose the one you are certain suits your online gaming needs.
Banking Methods Timeframes
One thing to consider when choosing a payment option is the time it takes to process your deposit or withdrawal. If you love fast services, go for those that deliver this, such as pay by phone.
Will I Incur Any Charges?
For most methods, you'll be charged a small fee when funding your bankroll. This is the same case for withdrawals in that some casinos deduct some processing fees from your winnings. But not to worry, the charges are almost unnoticeable.
- When depositing or withdrawing, in some cases, you may incur additional processing charges
- The amount charged depends on your online casino and payment provider
Before settling for any method, read its terms and conditions to know whether you'll be charged any fees. Also, check if your casino imposes any fees on your deposits and withdrawals. This way, you are aware of what to expect.
Should I Consider an e-Wallets Over Debit or Credit Cards?
This comes down to your personal preference. Gamers who don't like to share their banking information over the internet may find e-Wallets like Skrill and Neteller a great alternative. Others may prefer to stick to Debit or Credit cards.
One thing to keep in mind when choosing a banking method is that some are limited to certain jurisdictions. If you're in a jurisdiction where a particular option is not available, you cannot use it for your deposits or withdrawals.
Stick to One Banking Method
For convenience, it is good to use the same option to fund your account as well as to withdraw your winnings. Most casinos also require their customers to use one method, unless in cases where a method doesn't support both.
Payment Options Bonuses
Some of the banking options have bonuses tied to them. That is, some casinos award players who use certain deposit methods bonuses like free spins and match deposit bonuses. Likewise, some options are excluded from bonuses. Choose yours wisely.
How to Deposit Funds
You need to first sign up with the casino you wish to deposit funds into. Once you log in, head over to the cashier's section, select your preferred option, indicate the amount you wish to deposit and follow the prompts.
How to Withdraw Your Winnings
The process is similar to depositing. You have to ensure you have reached the minimum withdrawable amount. Next, select the option you want to use to cash out, the amount and then submit your request for processing.
Depositing or withdrawing money in online casinos is no longer a slow process since more banking options have been added. Provided you select fast methods, you'll no longer have to wait for money to reflect in your casino or bank account.