Depositing money into your online casino account has never been easier nowadays. Top casino sites offer a multitude of different options, with some being dedicated to deposits only whilst others will allow you to use the same method to withdraw your winnings as well. Payment options will also vary between casinos based on the gambling laws within the jurisdictions they operate, so it is always a good idea to check the casino’s cashier page to see which deposit methods are and aren’t offered.
Deciding which deposit method to use to credit your new real money online casino account can be a real head-scratcher, especially considering that options vary from one country to the next, and that there are different types to choose from. Ultimately, you want to ensure that your transactions are secure, using the very latest encryption technology, and that your funds reflect quickly with as little hassle as possible.
We have broken down the available options into three main categories to help you understand their differences and choose the method that will work best for you:
Card payments are undoubtedly one of the more popular methods available due to being universally accepted and trusted. They can be used for both deposits and withdrawals, and are normally subject to bank charges.
These types of transactions typically take a bit longer to process but are ideal for making large deposits. Wire transfers can be used at a small fee for deposits and withdrawals, while other transfer methods may be restricted to deposits only – check the casino’s cashier page beforehand to make sure.
E-wallets are extremely popular due to being quick, convenient, cheap, and very discreet. Some methods like PayPal can be used to both deposit and withdraw, while others can only be used for deposits (again, check the casino’s cashier page to find out what is allowed). We take an in-depth look at these types of transactions in the next segment below.
A Web-, Digital-,or e-wallet is an electronic program that enables users to store an amount online, protected behind a password, and manage all their online transactions safely and instantly via one account.
An equally varied amount of similar options exists when it comes to withdrawing casino winnings. Restrictions and fees do however apply, and can differ from one withdrawal method to the next. These include things like the amount of days players would need to wait until funds are cleared into their account, and the allowed minimum and maximum amounts that may be withdrawn per week / month. These restrictions will usually clearly be stipulated on the casino’s banking page.
Making a withdrawal at a casino is not that difficult. Typically, you can withdraw money from your online casino account into the same account from which you deposited the money. For instance, if you added $200 into your online casino account using Skrill, you can withdraw the same amount to your Skrill account. However, this is not a hard and fast rule as some casino allow you to select your preferred mode of payment.
Online casinos allow withdrawals just from accounts where the account holder’s particulars have been verified. This process is added for security reasons and to keep you and your money safe.
To verify your account, you may be asked to present one or all of the following documentation:
The time to verify your online casino account varies from casino to casino, but typically most casinos verify accounts within 24 to 48 hours.
Each time you play, your money stays in your account so that you can maintain your bankroll for your next playing session. However, you can withdraw your money any time. Usually, the procedure for withdrawal at a casino is as follows:
After your request for withdrawal, that amount is deducted from your casino account and put into Pending. Once the payment is processed, you will be notified and the amount will be labeled as Paid and the details of this payment will be available in your account’s History tab.
Casinos use the pending period to verify the player’s account as well as their gameplay. Once this process is over, the amount is paid to the player.
Regulated casinos secure their sites through the use of digital encryption technology. As a matter of interest, encrypted web page urls will always begin with “https://”. In layman’s terms, what this means is that the communication link between the casino site and user’s internet browser is protected. There are two types of security protocols casinos use to protect sensitive data, namely SSL (Secure Sockets Layer) or TSL (Transport Layer Security). Both employ bit keys that encrypt data, making it almost impossible to decipher and gain access to.
KYC stands for Know Your Customer and it involves the process of verifying customer information. KYC documents generally include proof of identification and address, and casinos have the right as part of their banking regulations, to authenticate all customers prior to payment or whenever they deem necessary.