Getting money in and out of an online casino can happen in a variety of ways. Some people prefer some methods over others for different reasons such as speed in processing, convenience, or security.
Some banking methods are better options for certain people because of location restrictions which can make funding their account more difficult. The purpose of this page is to inform you about of the most popular online casino banking methods.
Credit And Debit Cards
Credit and debit cards are the most convenient way to fund an online casino account. The security of good online casinos who use at least 128bit encryption (same as banks) and store personal data on SSL server...makes credit and debit cards a safe deposit method from the software standpoint.
A downside for credit and debit cards is that certain people can be limited in there ability to fund their casino account based on location restrictions.
Using a debit or credit card is the most popular ways to fund an account in the USA, however, many people have issues using their cards. This issue can arise if your credit or debit card is from a bank or other institution that has blocked payments made to certain institutions that run the online casino's banking.
The best alternative in this case is to try another card you may have. If you still can't fund your account look for an e-wallet or prepaid service that you can use in your area.
The best way to find out which services you can use at a particular casino is on their websites banking page. Casino services are frequently updated to meet the high demand of players who need special banking options because of their locations.
E-wallets
Many frequent players open up an e-wallet account. An e-wallet is essentially an online bank and probably the most popular example of one is Paypal. There are many e-wallets used especially for funding online casinos. Some have location restrictions while others are accessible from most regions of the world.
There are many benefits to using an e-wallet. One benefit is the added security of transferring funds to and from an online casino via a third party e-wallet. Another convenience is you can generally make fast withdrawals via an e-wallet.
When withdrawing money with this option you withdraw to your ewallet account and then from that point make a direct transfer of funds to your bank.
E-checks
E-checks, or "Instant-Checks" in the USA, is a service used to securely make bank transfers to and from an online casino. The advantages of using an e-check service are ease-of-use, security, and widespread availability.
Pre-paid Cards
Pre-paid cards are essentially credit cards you obtain from a foreign country. The prepaid card has become one of the most popular ways to fund an online casino because of their wide acceptance from online casinos and the ease of getting one from almost anywhere in the world.
A pre-paid card is a lot like a pre-paid phone card. You put money on it in advance and then transfer that money to a store or online casino that accepts your card.
Next to credit and debit cards, pre-paid cards have become the most popular banking method USA players use at USA friendly online casinos
Preparing to Withdrawal Money
One thing you have to be prepared for when making your first withdrawal is to submit id/documentation that verifies your identity. The strictness of this procedure varies from casino to casino but it is a common security measure that you may encounter.
Having a scanned photocopy of a photo id as well as official document or letter on hand will make this process easy and quick.
If the particular online casino you are withdrawing from prompts you for verification you can email this info and then the transaction will go through. This procedure is typically a one time occurrence.
In conclusion, online casinos offer many methods for deposit and withdrawal in order to appeal to as many demographics as possible. Every online casino has a banking section in their website where you can find all of their banking options.