Before you start playing Online Roulette, or any other casino game, for real money, you must open an account and deposit funds in the online casino of your choice. As usually such deposits involve a cross-country money transfer, and since there are so many online payment methods available, knowing the various deposit methods and using the one that most fits you can save time and money. So, it is important you know what your options are and what each of them offers you.
The most commonly used method of payment is, as you may have guessed credit or Debit cards. Depending which country you are in the type of credit or debit card will vary but Master Card and Visa are the most commonly used across the world, especially in the UK and Europe. All that is required is to input the card details and the money is instantly electronically switched into your account and made available to play. The money can be transferred back into your account just as easily.
There is a wealth of other online payment methods though, especially for Americans. On top of the credit and debit cards, there is also the chance to transfer money to an account by bank wire. This is an instantaneous transfer electronically, very similar to credit or debit cards, but a charge is placed on any transfer. A bank draft is another option but this works more like a cheque and needs to be physically sent to the online casino. This is also a tiresome procedure because your account will not register the input amount until the site actually receives the bank draft.
Web based payment processes such as PayPal, Neteller and other eWallets are another option. Players can set up an account with one of these services and use it as a middle man if you will or as a piggy bank to transfer the money from your bank account or credit card.
Moneybookers is a method that is thriving in Europe but isn’t allowed in America. This works in very much the same way as Paypal and other eWallets. The money is stored in the Moneybookers account as a middle process and it is withdrawn and placed into the online gambling account when the player so wishes.
Crypto casinos offer players a unique and innovative way to enjoy online gambling. Thanks to the decentralized nature of blockchain technology, these casinos provide a higher level of privacy, faster transactions, and greater security. Players can experience the convenience of anonymous gaming and borderless, flawless transactions. Additionally, cryptocurrency casinos often offer exclusive bonuses and promotions for those who wish to gamble with crypto. With the growing popularity of cryptocurrencies, crypto and Bitcoin casinos are set to revolutionize the online gambling industry, offering a modern and forward-thinking approach to virtual entertainment.
Prepaid online payment options, such as Paysafecard , are gaining increasing popularity in online casinos. Working like prepaid debit cards, they are secure and simple to use. Users can purchase a voucher of a specific value at a physical point of sale or online, which can then be used to deposit funds into the casino account by entering the unique PIN that is provided. This method ensures a high level of privacy, as users do not have to reveal any personal or banking information online, and also allows for effective budget management, as spending is limited to the amount loaded onto the card. However, these options are generally accepted for deposit only, so an alternative withdrawal method is usually required. While not universally accepted by all online casinos, these prepaid payment options are increasingly used for their security and convenience. Before purchasing a voucher, players should ensure that their chosen casino accepts prepaid methods for making deposits.
An eCheck works in the same way as a bank draft except it is electronically based. The money exits your account but it does not enter the online casino account until the bank has approved the transaction. This transaction can be flawed by American banks rejecting it but often it is a fast and hassle free process. It can take a few days for the transfer to take place but it adds peace of mind.
Western Union is one of the less commonly used transactions. No matter where you are in the world you can enter one of their stores and request a transaction. It can be quite expensive to carry out such a transaction but it is possible and is something to consider if you are in a country where you do not have access to other banking methods.
These are only some of the most common deposit methods used in the gambling industry. Every online casino has a Deposit Methods page where they present a list of all deposit options available to their customer. Whatever method you choose it is all about your own comfort and convenience. Only use a process you are most happy with. The online casinos allow for such a wide range of payment methods because they want the customer to pay in their own way. The choice is yours.