Depending on the website guidelines regarding online casino payment methods and how much money you can withdraw at once, payment methods vary and you should check them before doing business with that company.
With state-of-the-art digital technology available to process financial transactions in real time, online slots are easy for professional scam artists to find ways to get information about someone’s bank account and commit computerized robberies. Knowing whether a casino site is legit is very important to keep any online financial transaction safe.
Depositing money used to play online casino games generally consists of creating an account by providing related information to the site. However, before depositing money, gamblers should check the legitimacy of the site. Always use a method other than a credit card to deposit funds.
All major credit card agents carry restrictions regarding direct payment authorization to online gambling sites. They prefer customers to use secure third party sites that have verified certain online casinos for the purpose of depositing funds.
While casinos easily take your money so you can gamble on their site, they tend to limit how you get money back to you. Some online casino payment methods transfer funds electronically directly to your bank; send you a gift card or prepaid card containing their outstanding balance; or they may just mail you a check. With a prepaid card, you just need to take it to the nearest ATM machine and withdraw cash in the same way as using a debit card. Online casinos never refund money by electronically transferring it to a credit card.
Online Casino Payment Methods – Neteller
Neteller allows individuals to send, deposit and withdraw funds. Setting up an account is required to use the site, after which you can transfer funds using your debit or credit card. Credit card transfer will be charged 1.75 percent for each transaction. Bank transfer fees may apply according to your bank’s rules. In addition, foreign exchange transactions are subject to a 2.5 percent fee plus the interbank market rate for the day. Neteller is not yet available in the United States.
Automatic Clearing House (ACH)
Available only to United States, US territories, and Canadian residents, ACH is a secure automatic bank transfer to use when sending money to online casinos. With regard to the Federal Reserve and the Electronic Payments Network, NACHA, an organization that authorizes these types of electronic transactions, mandates guidelines that the ACH must follow halo69. Fees are sometimes imposed on ACH transfers, depending on the financial institution involved.
Occasionally, online casinos will accept payments, sent by debit card, online or by phone using your bank account information through another provider. Additional online payment methods include Moneybookers, UKash, Click2Pay or PayPal.
Remember to check the reputation of the online casino website and the online casino payment methods before giving them your bank and money information. Safe and good luck!