What payment method best suits your needs? Online casinos offer many different types of ways for members to fund their accounts and to withdraw winnings. At Bonus Bunker, you’ll find information regarding what types of payments each online casino utilizes. Being able to facilitate funding easily and quickly is one of the benefits of playing at an online casino, as accounts are often credited within seconds of your having made a transaction. Safe, secure, and quick withdrawal methods offer players peace of mind and extra cash in their bank accounts.
Why So Many Payment Methods?
You’ll notice that some online casinos seem to offer an endless list of payment methods, whereas others have more limited ways in which you may fund your account. Often those that provide many different methods for funding are trying to attract players from a large number of countries, which means they will offer funding alternatives that other casinos might not. More times than not, there are fewer withdrawal methods than funding; however, there are still numerous ways to extract your winnings from your account in a way that is secure and timely.
The most common currencies used at online gaming sites are the Euro, Pound, and U.S. Dollar;although depending upon the scope and geographic range of the casino, you’ll also find various other currencies accepted. If a site does not take U.S. players, then usually the dollar will not be an accepted form of currency.
Common Payment Methods
Funding an online casino account is usually achieved by one of the following methods: credit cards, ATM debit cards, prepaid debit cards, bank transfer, wire transfer, e-wallets, or check. Some of the most common funding methods offered by online casinos include:
- Visa Credit Card
- Maestro Diners Credit Card
- Visa Electron Delta Credit Card
- Bank Transfer
- Virtual VISA Card
- Eco Card
- QIWI Wallet
- Western Union
For those who want to withdraw money from their accounts, these are some of the more common ways of achieving that goal:
- Electronic Bank Transfer (ACH)
- Check (Courier Delivered)
- Western Union
- E-Wallet (If you funded your account using that specific method, such as Skrill)
Payments for U.S. Players
If an online casino accepts U.S. players, then it will offer a few ways for those members to fund their accounts. It is more difficult for those in the U.S. to make a deposit at an online casino than it is for those in other countries. That’s because U.S. law prohibits financial institutions in that country from sending money to offshore gambling sites. Thus, there are only three methods that, at this time, will work for U.S. players. Those are:
- Western Union
- International/Online Debit Card
There are fees associated with using Western Union or MoneyGram; although some online casinos will refund thefee by adding the amount you paid to make the deposit to your account balance. As an example, if you fund your account for $50.00 and it costs you $5.00 to make the transfer, your account may be credited a total of $55.00. In the U.S., international debit cards that may be used online are available at many large drug store chains and department stores. These cards may be used to fund your casino account. Prior to being used, an international debit card must be registered. That process will take about a week. After that you simply load the card and use it to fund your casino account.
Bonuses, Rebates, and Fees
Many online casinos will offer some sort of bonus or rebate to players who use certain funding methods. Sometimes this is a percentage of your deposit (10% to 15% is common), extra chips or tokens, or a waiving of transaction fees. It is true that certain methods of deposit may involve the player paying fees, and that at many online casinos withdrawals will carry a fee. However, most will allow you to withdraw funds one time per month for no fee and then charge you for any further withdrawals processed during that month. Also, you will want to be aware of minimums and maximums associated with either deposits or withdrawals. All casinos have such restrictions. The bottom line if you want to be informed about how to deposit and withdraw money from your online casino account, including what payment method is preferred by a specific gaming site. Check with Bonus Bunker, use the information and links we provide, and perform due diligence before joining an online casino and making a deposit.