Your Guide to Making Secure and Safe Online Casino Payments
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When it comes to playing at an online casino there are a number of things to think about. The selection of games, whether there are any promotions or bonuses, fairness and safety and customer service are most definitely very important. Online casino payments are another important feature but is the one that often gets forgotten about until that first online withdrawal needs to be made.
This is when things can come unstuck and many players find themselves with a lot of problems. Simply because they didn’t do their research and look at the various payment options, or read the small print in the terms and conditions.
You’re not going to find yourself in the same boat because this helpful guide will be highlighting some of the pitfalls and the best ways of making casino payments online. Suffice it to say, you need to be looking for methods that are convenient, quick and safe. And we’re going to show you what these are.
What are available methods are there for making deposits and withdrawals online?
Above all you need the methods available to you to be safe and secure, so we’ll be introducing you to the best of the bunch. Making deposits and withdrawals can be done at an online casino using several different methods. Of course, you don;t have to spend a penny if you don;t want to, as there are plenty of free games you can play. But if you want more from the games than just entertainment there will come a time when you need to add some real funds to your account.
And hopefully, not too far in the future, you’ll need to withdraw some of your winnings. Supported payment methods tend to differ from casino to casino, but there are a number which will be accepted at most. For example, credit and debit cards are a very popular option, as is the bank or wire transfer. E-wallets, prepaid cards and a number of other more local methods will also be accepted almost everywhere. A new addition that you’ll find at a number of slots casinos, in particular, is to make payments using mobile billing.
Acceptable payment methods are the only consideration you need to bear in mind. You should take note of the currencies that are accepted as it’s always going to be preferable to make payments in your local currency. This isn’t going to be an option for everyone, but it’s worth checking what currencies are accepted. Generally, it’s US dollars, British Pounds and Euros that are accepted but many of the top slots sites will accept a range of others. If you can’t make payments in your local currency you’ll need to factor the cost of currency exchange into your budget.
Popular debit and credit cards
Credit and debit cards are very popular methods when it comes to making deposits and withdrawals at an online casino. You’ll find the major brands such as Visa and MasterCard are accepted almost everywhere. American Express and Diners Card are also popular options along with Maestro, Solo and Switch. Making deposits and withdrawals using a credit or debit card is the easiest option as well as being the quickest and most secure.
Every casino you visit will have its own terms and conditions for making payments using a credit or debit card. So take the time to read these very carefully. There are, however, average amounts which will act as a guide. The minimum for both withdrawals and deposits tends to be around £, with no upper limit. Making this payment method perfect for high rollers.
The advantages of using a credit or debit card are that it’s very safe, it’s instantly recognized and accepted. It’s quick and easy and you’ll be able to use this method at the majority on casino sites. There are disadvantages to using credit cards in particular and include the extra charges you may be required to pay. You also need to remember you’ll be gambling on credit, which is never a sensible option. And the final downside is that some payment methods by credit card can take a little longer.
Popular e-wallet payment methods
Making deposits and withdrawals using e-wallets has become another popular method when gambling online. The reason for this is the increased incidences of identity theft that have made people more worried about sharing personal and financial details online. The three most popular e-wallet payment methods are Neteller, Skrill and PayPal. Making a withdrawal or deposit online using an e-wallet means you don’t have to share your personal bank account or credit card details. These are kept by the payment provider and not shared with the casino.
The security provided is equally as good as any bank and payments can be just as quick. You’ll first have to create an account with one of the providers, and then provide a means of funding your account, but once that is done making payments is easy. Transfers are made almost instantly and these providers use the latest in anti-fraud and best online security measures possible. When it comes to payment limits these also differ depending on the casino, but tend to be the same as credit or debit cards.
How to deposit and withdraw using bank transfer
Making deposits and withdrawals by bank or wire transfer is a more traditional method to use. It’s not the cheapest way to fund an account but is one of the safest. The feature that lets this method down more than any other is the time it can take for a payment to be processed. Another downside is the fact that you can only make deposits electronically using bank transfers. Withdrawals have to be made by check, which is even slower and relies on the mail for delivery, which can take weeks.
We should also mention that payments using this method will be very difficult to do in the US. This is all down to a US law that was directed at banks making transfers to and from online casinos. The result of the law has been that financial institutions in the US are very reticent to make payments directly to casinos. And has also led to the increase in third party payment services.
Prepaid cards and vouchers for complete anonymity
The fear of providing financial details online has led to an increase in another form of online payment know as prepaid cards and vouchers. This type of method isn’t an option everywhere as they are only available in certain countries. So how do they work? You go to an outlet that offers the service and make a deposit onto the card using a unique PIN code. You then input the card details when it comes to making a casino payment.
There is a downside to this method, in that you are limited to the value of the card available. But is this really a downside as it is an excellent way to manage your spending. Paysafecard is one example of this type of method and one that is accepted at a large number of casinos. All you have to do to make a payment is enter a 16-digit PIN code and your funds will be immediately available. You will of course, have to create an account with the card provider first, but once this is done you can enjoy swift and secure payments and complete control.
Mobile payments – a relatively new idea
Paying by mobile is still a relatively new concept, and as such is not accepted by many casinos. At least not yet. It’s becoming popular very quickly so it might not be long before its accepted at more sites. It’s a very speedy way of making payments and the only information you need to provide is your mobile phone number. Boku, is one provider of this service, so look out for this option at the casinos you visit. Provided you’ve got a mobile phone you can use it.
You receive a text message when you’ve inputted an amount and your telephone number. To which you’ll have to reply to confirm the transaction. As soon as that’s done the money will be credited to your casino account. You don;t have to pay the provider of the service until your mobile phone bill is due. Withdrawals aren’t possible using this method, so you’ll need to look into other methods for making withdrawals. Minimum deposit amount is £1and the maximum is only £30, which can make things a little difficult if you’re a bit of a high roller. Such small amounts can be great, however, for the casual player and for those who want to keep a tight rein on their spending.
How to stay safe making payments online
Safety and security are a primary concern when it comes to making payments online. Just because you’re playing at an online casino doesn’t mean it’s any different. All the methods we’ve looked at so far are considered to be safe and secure, and there are a number of different ways the providers use to keep your financial information safe and to ensure the payments are protected. Paysafecard, for example, makes use of a 16-digit security keychain, while credit card companies use insurance and fraud prevention policies. Another way to be certain your payments are safe is to choose a casino that’s licensed and regulated by a recognised authority.
This is because you’ll know that the operator has invested time and effort ensuring the best security protocols are in place. The regulatory body will also require a casino to have secure systems in place for moving money around. Other requirements cover keeping customer details safe and secure and having the funds to cover all wagers. Customer funds also have to be kept in segregated accounts, so they can’t be used for day to day running expenses.
How to make deposits at an online casino
Depositing money at an online casino can be rather worrying, but it doesn’t have to be that way at all. In fact, making a deposit is probably one of the easiest things to do. The hardest part is deciding which method to use. But once that’s been done the rest is a walk in the park. Payments are usually made with the cashier, and it usually a simply case of choosing a method, inputting the amount and then filling out the relevant details.
Processing time will depend on the method you’ve chosen. You’ll need to bear in mind the limits for making deposits, as there is usually a minimum and maximum. There will also be certain terms and conditions you’ll need to comply with, or there will be problems when it comes to making withdrawals in the future.
How to make withdrawals at an online casino
Making a withdrawal is a little more complex than depositing funds. Making the withdrawal request is the simple part and will require you to follow a few simple steps. First you’ll need to log into your account and go to the cashier section. Then you’ll need to choose a method, taking into account the options, fees and processing time. Then you input an amount and the required details. As with deposits, there will be minimum and maximum limits you’ll need to bear in mind, and these will vary depending on the provider. Problems can arise with regards making payments if you don;t take the time to read the terms and conditions. In particular the wagering requirements and verification process.
These will be found at all online casinos and revolve around the bonuses and promotions that are offered. They can be rather annoying for some players, but you have to remember they are the only way for a casino to protect itself from dishonest players, and those who are willing to abuse the system. Wagering requirements have to be met in order to make a withdrawal. These requirements are also known as playthrough requirements and vary in size. They could be just 2x or 20x, but could be as high as 80x or more. And not all games can contribute to the requirements in the same way. So bear this in mind as well.
This is part of the security procedures that will be in place at any casino you visit. Before a first withdrawal can be processed casinos like to make sure a players information is correct. This is done for your protection and to reduce the likelihood of fraud. There are also laws that have to be followed. Documents that are submitted, for example, have to be kept safe and there have to be privacy policies in place governing everything to do with your personal information.
The verification process will differ depending on the casino you’re playing at but they tend to follow a similar path. You’ll need to submit certain documentation to verify your identity. Such as driver’s licence, passport or ID card. To verify your home address you’ll also need to submit a utility bill that’s no older than 3 months. You may also be required to submit a copy of the credit or debit card you’ve used for making a deposit. You may also be required to complete this process for future withdrawal requests.