Have you ever played at a land-based casino? Then you will know how easy it is to make deposits. You just have to exchange chips for cash or load cash into the slot machine. Withdrawing is as simple as making a deposit. You just have to walk to the cashier and submit your royalty card, slot pay-out slip, or chips, and they are going to give you your wins in cash.
However, online gambling deposits and withdrawals require a little more patience. Even though it might appear to be daunting at first, once you understand how it works, it gets easier.
Make safe deposits at online casino with credit or debit cards Source: casinos.co.za
How to Make Deposits?
Making a deposit at a gambling site is much easier than withdrawing. You will come across various safe methods that you can use to transfer to the online casino instantly. So, you don’t have to waste time.
- Register into the casino and head to the banking section.
- Choose your preferred banking methods.
- Confirm the amount you would like to deposit at the gambling site.
- Make the deposit and start playing.
It is just like shopping at an online store. However, if you are using third-party facilities, you have to fund them first before you fund the casino using them. The speedy transfers offered by online casinos are the reason people decide to opt for it. Also, it offers additional security.
How to Make Withdrawals?
If you manage to win at an online casino, you have to cash out your money to spend them. It might take a bit longer than the deposit method. The delay can be due to various factors such as,
- You might have to verify your identity and age before you make the withdrawal.
- In a few countries such as the United Kingdom, you have to get the payouts approved by the agent prior to the funds being released. This approval might take a few hours or even several days.
- A few banking methods take longer than others. If a method uses your bank directly, you will have to wait a few more days to get clearance.
Withdrawals might also come with a cost. A few casinos levy a certain payout fee before releasing the funds. Also, a banking cost might be levied by your selected withdrawal method.
Making Safe Deposits and Withdrawals at an Online Casino
Before you make a withdrawal, make sure you are over 18 years. This is because a casino might let you deposit money without proof of ID but you will not be able to cash out without valid identification proof.
- Prior to making a deposit, you need to know the minimum deposits required at the online gambling site of your choice.
- Prior to making a deposit, you need to know the minimum deposits required at a gambling site you have chosen.
- Learn about the maximum withdrawal limit at the site prior to making the deposit.
- While you are registering, use a strong and unique password. This will protect your online casino account.
- Make sure that you read reviews on the casino that you have selected before you provide them with your financial details. Only go for sites that have the proper license.
- Choose a payment option that is suitable for your circumstance. If you want a safe and secure payment system that doesn’t require you to share your financial details, go for e-wallets.
Safest Casino Payment Methods to Use
Some of the safest payments at an online casino are discussed below.
Virtual Visa Cards
These work just like debit and credit cards. However, they are prepaid and might expire after a certain period. Once you use its balance, it will become worthless and you will have to buy another for depositing again.
These are easy to use and don’t require you to create a secondary account. It creates a barrier between your casino account and your actual card. You have to buy the virtual card using your debit or credit card and then use the virtual card for making a deposit at an online casino.
But, you cannot withdraw your wins using virtual Visa cards.
Pay by Mobile Credit
You can also pay at an online casino using your mobile phone. It is a great way to work around the conventional financial system. Payments such as PayByMobile, Boku Mobile Pay, and others are available to you.
Use safe payment methods while playing online games Source: bbc.com
You just need an active mobile phone number to use this payment method. No matter if you have a top-up or a contract, you can debit the phone bill to play the casino games. This is a type of credit that you have to pay back later. Hence, it is a safe casino deposit method. However, the deposit limits are strict in the case of this method. Also, you will not be able to make withdrawals using this.
Cryptocurrencies are revolutionizing the world of payment. These are permissionless payment methods. So, you can download a crypto wallet and begin using it without putting out an application to open an account. They are incredibly safe. Also, it offers the fastest payouts. It runs on decentralized Blockchains. So, you don’t have to share your financial details. The only problem is it might be difficult to secure the crypto coins.
eWallets are the best applications built on the internet. These are run by big global brands. So, you can be sure that these are legit and safe casino payment methods. They serve as a buffer between your credit card or bank account and the casino. It is extremely easy and user-friendly to use an eWallet. It will only take you a few minutes to create an eWallet account. You can use it for deposits, as well as withdrawals. However, the downside to this is a few e-wallets charge fees. Also, to use it, you have to maintain an account.
You now have an idea about the ways to make safe deposits and withdrawals at an online casino. So, it is time to choose a safe payment method and start gambling.