CUTTING THROUGH CONFUSING CASINO DEPOSITS

Anyone who has recently signed up with an online casino and attempted to make their first deposit will tell you just how confusing the multitude of options can be. This article aims to cut through this confusion so as to make your entry into the world of online casino gambling as simple and painless as possible.

As most of you no doubt are aware, the reason that online casinos offer such a bewildering variety of deposit options is that the legality of gambling online varies from place to place, with different banks and credit card companies taking different stances towards the matter. But before we get to that we really ought to begin with currency. If you are depositing in anything other than U.S dollars then the deposit options open to you will almost certainly be different than those available to players depositing in U.S dollars. That said, online casinos now support a variety of currencies and if your currency is represented then you are best served to deposit in this currency rather than dealing with unfavorable conversion charges each and every time you make a deposit. Players whose currencies are not represented will have to make do with even fewer options available to them, but this may even work in their favor due to the fact that European and American banks and credit card companies are the least likely to permit withdrawals, or even deposits and withdrawals with their cards. As such if your credit card is not registered in one of these places you may find that you can use your cards without any problems.

Bear in mind that another reason credit cards are not the preferred payment options for online casinos is that casinos need to be able to withdraw, but also deposit funds regularly in their customers' accounts, a practice that credit card companies tend to frown upon, much preferring one way transactions. You may find that the casino you are registering with will accept your credit card, but stipulate that they will need to pay your winnings with an alternative method, such as issuing you with a paper cheque.

Another method online casinos tend to favor is echeque or electronic cheque, many online casinos offer bonuses for using this method as they prefer it to credit and debit cards. This is exactly the same as a personal cheque except the transaction is conducted electronically, so all you need supply is your routing number, account number and a cheque number and the casino will bill you directly and also deposit funds directly into your account. For this method online casinos use third party processors who do the billing and depositing, regularly squaring these accounts with the casino. This is done because often banks where the casinos are registered are not willing to conduct business with gambling establishments so a third party is required. People are ofter wary of giving this sort of information out but it is generally safe. After all, those numbers appear on the bottom of each and every cheque you issue, and think how many hands your paper cheque passes through before a transaction is completed.

One thing we are keen to stress though is that, if possible, it is probably best, from a users point of view, to use a third party deposit and withdrawal methods such as Neteller and Click 2 Pay for a number of reasons. Firstly, online casinos nowadays seem far more keen to do business with these types of web wallet services. They have had far too many run-ins with banks and credit card companies in the past due to the shady legality of online gambling. This is why online casinos tend to offer bonuses of between 10-20% over and above what you deposit with them if you use one of these methods. They are generally extremely safe and easy for casino and customer alike. All you need to do is register your debit or credit card with them and they will act as a go-between for your bank and the online casino of your choice. These services are akin to PayPal and offer similar protection against fraud.

Another reason you may want to consider one of these web deposit methods is that no matter what online casino you choose to play at, whether bonus hopping or just trying out something new, you only need to use one web wallet account, rather than having your credit card details stored on this and that server. We're not saying they aren't secure, just that there is no need to take the risk if you don't have to.

Speaking of Paypal, it seems to be making a re-entry into the world of online gambling. Many gamers and casinos alike were extremely disappointed by announcements several years ago that PayPal would be exiting the online gambling market and refusing to process payments. Recent news updates indicate that Paypal are making a careful return to the biggest industry on the web, having initially started processing for a select few U.K online casinos and bookmakers. They now seem to be expanding outwards with many other casinos currently offering PayPal deposit methods. The move can only mean good things for the industry as PayPal is one of the most trusted organizations from the point of view of customers. We will have to wait and see how the situation unfolds, things move tremendously fast in the world of online gambling, but as always we as here to provide you will up to the minute advice on all the issues concerning online gambling.

Read Online Casinos Reviews

Latest articles