Deposit methods are an important part of online casinos. For many people who want to get into the world of online casinos, one of the more daunting prospects is depositing money into their Internet casino accounts. New players often wonder what options are available to them, whether it is safe to share their financial information, or if there are any common issues with gambling deposits that they need to watch out for.
The good news is that depositing money at an online casino isn’t much different than buying something from a website or any other online transaction you might be familiar with. While your options will vary depending on what is available to you and where you live, there are always ways for most people to get money into their casino accounts safely and securely without too much hassle.
Top Casinos that Accept Secure Deposits – Deposit Methods
We want our US players to play at secure payment options, so we emphasize banking options.
When making purchases online, credit, and debit cards are probably the most popular payment option in the world today. It’s only natural, then, that they are also widely used at online casino sites as a deposit method.
When it comes to brand names, both Visa and MasterCard are widely used throughout the online gambling industry as deposit options. You will also see some sites that accept deposits through American Express or other cards, though they are less common.
The main issue when depositing using a credit or debit card is whether the transaction will be accepted. Visa and MasterCard-branded cards are issued by thousands of banks worldwide, and those banks vary in their policies on how they handle gambling transactions. That means that one card may not be accepted at a certain website, but another one will, or the first card may be accepted at other casinos.
This is an issue throughout the world, but particularly in the United States, where acceptance rates can be quite low even at regulated sites in states like New Jersey, as banks (and the online gambling industry) have struggled to figure out an effective system for categorizing gambling transactions. That doesn’t mean you can’t use a credit or debit card, but it does mean that it sometimes takes a bit of experimentation before finding a card/site combination that works.
Types of Deposit Methods for Casinos Online
Credit Cards Casino Banking
Credit cards are widely preferred as a method of transaction and, most online casinos accept credit cards because of how efficient they are. This means that players can make instant payments using their credits for the money they want to use for their bets.
Debit Cards Casino Banking
Debit cards allow card users to transact directly from their savings or cheque accounts. They include VISA and MasterCard service providers who are them. Negotiating with your debit card into your casino account is instant, but withdrawals may take longer.
American Express Casino Banking
American Express is a substantial financial service provider in the United States. It is so popular that it makes up 25% of all credit card dealings and thus can be considered an independent banking option.
Bitcoin Casino Banking
Bitcoin is the world’s largest cryptocurrency, and even though cryptocurrency is a relatively new phenomenon. It is growing in popularity each year. Although it was encountered by reluctance in the very beginning. It has become the first choice method of banking for internet transactions because of its high-end encryption. It offers 100% privacy and security. And most internet users prefer will likely use bitcoin as opposed to traditional banking options, and we would advise all our American players to follow suit.
MasterCard and Visa Casino Banking
MasterCard and Visa are the world’s largest card networks. Anybody with a bank card is probably provided a service by either one of the two. The service providers also offer credit cards and all types of financial services. When a casino site is compatible with Visa and MasterCard, they have covered at least 50% of the customer base.
Wire-transfers Casino Banking
Wire Transfers or EFTs are the traditional methods of transacting where an account holder instructs their bank to transfer money from their accounts to the other person’s or institution’s account. The only downside of these types of transactions is to take up to 5 days to clear.
Western Union and MoneyGram
Western Union and MoneyGram are money transfer agents. Specializing in the transfer of money through the use of agents and financial institutions. The services of Western Union and MoneyGram are ideal for anybody who does not prefer traditional banking. You will not go through the process of interacting with a banker or the prerequisite of owning an account to transact with these services. All you do is get charged a small commission for every transaction. Money transfers can be as swift as complete in a few minutes.