Depending on the website’s guidelines concerning its online casino payment methods and how much money you can withdraw at one time, payment methods vary and you should examine them before doing business with that company.
With advanced digital technology available to process financial transactions in real time, it is easy for professional scam artists to find ways to procure information about someone’s bank account and perform computerized robbery. Knowing whether a casino site is legitimate is vital to maintaining the security of any online financial transaction.
Depositing the money used to play online casino games generally consists of setting up an account by supplying pertinent information to the site. However, before depositing money, gamblers should check out the legitimacy of the site. Always use other methods besides credit cards to deposit funds.
All major credit card agencies carry restrictions regarding authorization of direct payments to online gambling sites. They would rather customers employ a secure third party site that has verified a particular online casino for the purpose of depositing funds.
While casinos readily take your money so you can gamble on their site, they tend to limit the ways in which you have money returned to you. Some casino online payment methods electronically transfer funds directly to your bank; mail you a gift card or prepaid card containing the balance they owe you; or they may simply mail you a check. With a prepaid card, you would just need to take it to the nearest ATM machine and withdraw the cash in the same manner you would a debit card. Online casinos never return money by electronically transferring it to a credit card.
Casino Online Payment Methods – Neteller
Neteller allows individuals to send, deposit and withdraw funds. Setting up an account is necessary to use the site, after which you can transfer funds using your debit card or credit card. Credit card transfers will cost you 1.75 percent with every transaction. Bank transfer fees may be applicable according to your bank’s rules. In addition, foreign exchange transactions are subject to, a 2.5 percent fee plus the interbank market rate for that day. Neteller is not yet available in the United States.
Automatic Clearing House (ACH)
Available only to United States, U.S. territories and Canadian residents, an ACH is a secure automatic bank transfer to use when sending money to an online casino. Associated with the Federal Reserve and Electronic Payments Network, NACHA, an organization authorizing these types of electronic transactions, mandates guidelines that the ACH is obligated to follow. Fees are sometimes applied to an ACH transfer, depending on the financial institutions involved.
Occasionally, an online casino will accept payments, which are sent by debit card, online or over the phone using your bank account information through another provider. Additional online payment methods include Moneybookers, UKash, Click2Pay or PayPal.
Remember to check the reputation of an online casino website and the casino online payment methods before giving them your bank information and money. Be safe and good luck!