deposit methods
The final
step of your online gambling experience at an online casino will hopefully
result in you making a deposit. When it comes to withdrawing most players
want a fast and easy cash-out so it would definitely help for you to do your
research before actually making your deposit to ensure that if you do make a
deposit you will not be waiting unnecessarily. Withdrawing is an important
aspect to consider when you choose to play at any online casino and it is just
important that you make the right choices. You need to make sure you know which
deposits methods are available to you and how long it takes, which is what we
will discuss in this guide. While you should also check deposit fees, we will
discuss these for you in a later guide titled ‘deposit fees’.
E-wallets
E-wallets
such as Skrill (previously Moneybookers) and Neteller are probably the most
popular methods of withdrawing for players all over the world. Unfortunately,
players from the US are usually not able to make deposits to a Skrill or
Neteller account. They are hugely popular which is not surprising as e-wallet
deposits are undoubtedly the fastest method for players to get their money.
With an exception of your very first deposit, which usually takes a little
longer than subsequent deposits due to the fact you have to verify your
identity, a deposit to your e-wallet account can be instant the minute the
deposit is approved by the casino. If a casino’s deposit processing times
are under 24 hours, you should see the money in your account the same day as you
make the deposit. With so many online casinos competing against each other to
be the best, these very low deposit times are appearing more and more, with
some players receiving their winnings to their accounts within just a few hours.
In order to
use your e-wallet account as a deposit method to get your winnings from the
casino, most casinos will need you to have originally made your deposit via the
same method. The actual process of withdrawing your money is very easy. All you
have to do is request the deposit to you e-wallet account and once approved
the money is automatically transferred to your account. On your very first
deposit you may be required to send in a screenshot of your Skrill account
for verification purposes. Once the money reaches your e-wallet account, you can
either withdraw this money to your bank, use a MasterCard if you have one to
withdraw the money at an ATM, or use your funds to deposit at another casino or
as you wish. There may be a small fee for these services by the e-wallet
company. Pretty much every online casino nowadays offer e-wallets for you to
make your deposits and deposits, which is probably why it is one of the most
popular methods. Withdrawing to your e-wallet account is easy, convenient and
quick and, if you are withdrawing in a different currency to your e-wallet
currency, the exchange is usually automatic, although there may be a small fee
charged by Skrill for this service.
Finally,
under e-wallets you can also withdraw via Bitcoin. Bitcoin ultimately acts as an
e-wallet account and is great because players can use this method of deposit
all over the world. As with the e-wallets we mentioned above, Bitcoin
deposits are usually sent instantly or within 24 hours. Withdrawing your
money via Bitcoin is safe and this virtual currency can be used as a reliable
banking option. deposits with Bitcoins is fast, easy and comes with virtually
with no transaction fees. You of course must have won in Bitcoins originally in
order to withdraw via Bitcoins and, once you request the deposit and it has
been approved, it is then sent to your Bitcoin wallet address.
Credit and debit cards
Credit and
debit cards have been used for many years with players all over the world and
they are an extremely popular method of deposit. Most players have a credit
and debit card. As it is a global payment system, there are players all over the
world that prefer to withdraw their winnings using Visa. Some of the most
popular credit and debit card issuers include, but are not limited to, Visa,
MasterCard, American Express, Solo, Delta, Electron, Maestro, Cirrus, Switch and
Discover.
Most online
casinos will offer this method of deposit providing you have made your
original deposit via the same method. In fact, you would be hard pushed to find
an online casino that did not offer this deposit method. However, not all
Visa cards are eligible for payouts. For example, some online casinos will not
allow you to withdraw to your Visa card if it is a Delta card and this could
cause you a great deal of trouble. In order to avoid any problems it would be a
good idea to check first with your card issuer that you can withdraw casino
winnings to your Visa.
Withdrawing
to your credit and debit cards is extremely easy and you will not usually have
to enter your card details, as these would have been saved from your deposit.
When you withdraw to this method, on your very first deposit most online
casinos will require you to send in documents. You will usually be required to
send in a photo of both the front and back of your card. When you do this, it is
important to cover the middle twelve digits on the front of the card as the last
three digits of your security code on the back. You should make sure the photos
are clear and that your name is fully displayed, as this will speed up the
verification procedure.
Credit and
debit card deposits are usually processed quickly, which is one of the
reasons this method is so popular and, once the money has reached your account,
it is yours to spend as you wish. This method of withdrawing is also extremely
safe.
Whilst
MasterCards can be used to deposit at an online casino, you may struggle to be
able to make a deposit to the same MasterCard or any MasterCard for that
matter. Most MasterCard issuers do not allow the facility of withdrawing back to
them. So if you have deposited via MasterCard and then request a deposit, the
online casino will require you to either withdraw via bank transfer or cheque.
For example, if you have a MasterCard that is linked to either your Skrill or
Neteller account, you will not be able to withdraw to that MasterCard, even
though it is linked to your e-wallet account. You will only be able to withdraw
to your e-wallet account, if you directly used it to deposit and not through
their MasterCard Service.
Bank wire transfers
Another
method of withdrawing funds from your casino account is via bank transfer. If
you were to deposit with a card that did not allow you to withdraw, like a Delta
card that we mentioned earlier, you could opt to use the bank transfer method.
This is also a popular deposit method for residents of the United States.
Unfortunately, this method of withdrawing is slower than the more popular
methods like e-wallets and credit and debit cards. They may also require a
little extra information from you before the deposit can be submitted,
meaning they can be time consuming and more costly than the more modern methods.
As bank wire transfers are more widely accepted and most online casinos do offer
this as a deposit method, players that do not have any other option of
withdrawing other than their bank will particularly find this method useful.
A bank wire
transfer offers maximum safety and security and usually high limits. They can
also take several business days to be completed. You should have certain
information at hand when requesting a bank wire transfer, such as your bank
account number and sort code as well as your IBAN, SWIFT and BIC number. For
verification purposes you may need to send in a photo of a recent bank statement
and it may take a few days to process by the casino before the money is finally
sent to your bank. Subsequent deposits should be significantly quicker.
Prepaid cards
If you have
made a deposit via a prepaid card, such as Ukash or PaySafe, you may have some
difficulty when it comes to withdrawing, as most online casinos will not allow
you to withdraw back to the same method. The main reason for this is because of
how a prepaid card works – via a digital code. There may be some online casinos
that will refund a small amount via a Ukash voucher, but these are few and far
between.
When it
comes to withdrawing here, if you have a bank account, you can elect to use a
bank wire transfer. However, if this is not suitable to you, then you will have
to request an e-cheque for your winning funds.
Cheques
Cheque is
one of the slowest deposit methods available. However, if there is absolutely
no other way of you withdrawing your funds, then this method can come in very
useful. Those players who do not have bank accounts will find this method more
appealing. A cheque deposit can take significantly longer to process and may
also incur some hefty costs too. While you have to wait not only for the casino
to process the deposit, you will also have to wait for the cheque to clear in
your bank. Most online casinos will provide this method of withdrawing and it
can be a backup method for you if you cannot withdraw to your original deposit
method.
Cheques are
usually sent via post, so having your address absolutely correct at the
verification stage is vital to you receiving the cheque. Once you have received
your cheque, you will then usually be able to deposit this into your bank
completely free of charge, but will have to wait for the cheque to clear in your
bank. However, cheques that have come from a different country are often
referred to as ‘cheques drawn in a third country’ and these can be relatively
expensive to cash. The timeframes in which the cheque will clear in your bank
will depend purely on your banking company. If the cheque you receive is in a
different currency to your native currency, you may also incur further charges
by your bank for the exchange in currency.
When you
request a deposit via cheque, some online casinos will allow you to choose
between a cheque being posted or couriered to the address you supplied the
casino with when you first registered. If you are requesting the cheque be sent
out by ordinary mail, then there will usually be no charge for this. However, if
you are requesting the cheque be sent via courier, then you are likely to incur
additional fees. Courier fees will usually depend on your location and will be
deducted from your total deposit amount. Some casinos will allow free courier
cheques if your deposit is over a certain amount.
Others
Some of
methods of withdrawing include the PayPal. PayPal acts as an e-wallet account
and is used by players all over the world. More and more casinos are now
accepting PayPal as a payment option for both depositing and withdrawing. The
process is relatively easy, but will require you to have a verified PayPal
account beforehand. However, you should not expect to see this method at every
online casino yet. PayPal is particularly popular for residents of the United
States, as they can usually withdraw to this method completely free of charge.
Other
methods of withdrawing include WebMoney, UseMyWallet, Entropay, Instadebit and
EcoPayZ.
