As an avid casino game player trying to move from land-based casino to online casino, one of the first things you may think about is how to deposit and withdraw your winnings. The good news is that there are various banking methods accepted by online casinos. If you’re looking for the best online casinos to join, check http://www.newzealand-online-casino.org
The Key Factors To Consider
Before you choose a banking method to use in an online casino, you need to consider the speed of transaction, security and processing fee of the method. You don’t want to be in a situation where you will deposit money into your casino account but it will take several days for it to reflect.
When you use some payment methods, you may be charged a processing fee. For instance, deposit via some credit cards will cost a deduction of around 0.7%-1.35%. By checking the processing fees of a payment method beforehand, you’ll be able to decide if it is the best choice for you. The following are the categories of payment methods:
- Credit/Debit Cards Payment Method
- E-Wallet Payment Method
- Cryptocurrency Payment Method
- Offline Payment Method
- Mobile Payment Method
Credit/Debit Cards Payment Method
Credit/Debit cards are the most popular banking methods that are used for online casino transactions. This is because a lot of people have them and they are easy to use. Visa and Mastercard are the top credit/debit cards method used, and they have stood the test of time. Others include Maestro and American Express.
All the debit/credit cards mentioned in these articles are safe to use. They adopt different security encryption technologies to ensure that a user’s account and money is safe even if the card is stolen. Most of these cards require you to set a PIN and depending on the platform, you may be sent a code to approve each transaction.
E-Wallet Payment Method
Another popular method used for depositing and withdrawing in an online casino is e-Wallet. To use an e-Wallet platform, you will need to create an account and fund the account via other credit/debit cards or other means. You can then make payment to your casino via your wallet balance. Examples of e-Wallets are Paypal, Skrill, Neteller and QiWi.
Cryptocurrency Payment Method
Cryptocurrency is a new but secure payment method that has a few online casinos now support. One thing to note about this payment method is that it is volatile and the value tends to change easily. However, it provides total anonymity when used and you can be certain that your money is safe.
- The cryptocurrency payment option is secure but its value can be unpredictable
- Examples of cryptocurrencies are Etherium, Bitcoin and Litecoin
Offline Payment Method
Apart from Credit/Debit Cards, E-Wallets and Cryptocurrency payment options, there are other offline systems that you can use to deposit money to your casino account. This includes bank wire transfer, western union, eCheck. These offline payment systems are also secure as you do not need to put your details online to make a deposit.
Mobile Payment Option
With the advancement in technology, it is now possible for you to deposit money into your casino account through your mobile. When you use a mobile payment method, the amount you deposit will be deducted directly from your mobile balance or telephone bill. Examples of mobile payment options accepted in casinos are Zimpler, Payforit and Boku.