Credit/debit bank cards
It’s hard to find a casino site that doesn’t accept credit cards as a form of payment. While major cards like VISA and MasterCard are still available, it’s not uncommon to find more local solutions like the UK Solo card. Casinos don’t mind players using credit cards, but the player himself might find this method to be very bad indeed.
The purchase of credits to play online is not evaluated by the credit card issuer like the purchase of a pair of shoes or even a vacation. Online gambling activity is considered risky and letting a person use their credit for such a purchase is just more than most credit card companies want to deal with. Sometimes the card will not work at all to make a deposit and sometimes problems might only arise later in the game. Casinos are well aware of this problem and they often advise their players to try and choose a different method to a smoother game.
Electronic wallets: Skrill, Paysafe, Neteller
The solution that has made it easier for gamers having problems using their credit cards for online gaming is called an e-wallet. There are many types of e-wallets, but they have in common that they are basically online bank accounts that a person can deposit money into. To deposit money into this account, the credit card can be used without problems.
Once the money is in the online account, further transfers can be made to the casino. This may seem tedious as it certainly adds a step on the way to the deposit, but this system has many advantages. First, the player must decide how much and how he wants to spend his money without any interference from the credit card company. As long as there is money in the e-wallet, the deposit can be made at the casino.
Another good thing about an e-wallet is that it gives a good overview of how much a player is spending on their games. Since this wallet could be used exclusively for gaming, its balance quickly reveals to the player how it is doing.
There are different types of direct transfers between the player’s account and the casino and some of them are quite convenient for both parties. Bank transfer is a well-known option where a player simply issues a transfer from their account to the casino account. Although this is a very safe method, it can sometimes incur additional fees and many casinos only offer it as a withdrawal method. For some players the extra cost might be worth it as this type of transfer can be completed very quickly and when betting online it can be crucial to be on time with the deposit. Bank transfer is also safe when it comes to avoiding overspending, as only what is available in the account can be transferred.
A new type of bank transfer that works very quickly and easily is the so-called electronic check system. This deposit method is an electronic check filled out online and sent instantly to the casino. The transfer is actually a transfer between the player’s current account and the casino but it is much faster than other bank transfers. When the casino makes a payment to the player, it automatically goes back into the player’s checking account, which is a big plus.
This type of deposit method is particularly suitable for Americans and Canadian Online Casinos who usually own checking accounts, but the international crowd can also use it as long as they have a regular checking account.