Casinos, both online and brick and mortar ones, have been the main attraction for millions of people seeking some thrill in the entertainment business. Gambling is an indulgent that dates so far back that despite which century one picks, there is a form of gaming entertainment that kept our ancestors entertained. Over the years, the casino industry has grown to accommodate hundreds of games and spread across the globe. Its spread has majorly been owed to the establishment of the gaming platform on the wide web.
The introduction of casinos on the online platform called for the incorporation of online payment options by online gaming software developers. When gambling online, players are faced with two crucial factors: the choice of the most suitable gambling destination and the ideal cashier option to go for when conducting a transaction with the casino.
Elements to Consider When Choosing a Deposit Option
Selecting the payment method to go for when gambling in online casinos is a crucial matter that should be done with much care. Before a player can proceed with the selection of a cashier option, there are some aspects they need to ponder on. They include:
- The transaction to be undertaken
The gambler should know what they want to use the method for whether for depositing into their casino account or withdrawing the accumulated winnings. This aspect is crucial because some payment methods such as Paysafe Card can only be used for deposits, while others such as Visa, MasterCard, Maestro, and Neteller can be used for both deposits and withdrawals. If one goes for a method that is just for deposits, they should consider whether looking for an alternative withdrawal option is worth the trouble.
- The processing speed
Different cashier options take different times to process transactions. In most cases, deposits to casino accounts usually reflect immediately or almost immediately. However, some methods may take a couple of hours. As for withdrawals, the speeds differ greatly from one method to the other. Ewallets such as Neteller have been regarded as the fastest payment methods by most gaming reviews, taking between twenty-four to forty-eight hours to be processed. Bank Transfers, on the other hand, take the longest time between three to ten days to process withdrawals. Even so, the pending time set by a casino will determine the total time transactions are processed.
- The fees incurred
Most transaction methods have been known to charge for transactions conducted via their systems. Therefore, it is advisable for one to study the fees charged by each cashier option to find the best one. Additionally, one should avoid settling too fast on an option and should shop around instead and thoroughly compare them with other modes of payment.
- Security measures
This is one of the most important factors to consider and should not be skipped at any costs. Players should research on the security measures taken by their payment method of choice to ensure that their personal and financial information is kept from arm’s reach of hackers and fraudsters.
Even though a deposit option has been provided by one’s casino of choice, it does not mean that it is available in their area of residence. Once a player has selected their preferred method of deposit, they should ensure that their services are available in their country before proceeding with any transactions.
- Deposit and withdrawal limits
These limits dictate the minimum and maximum amount a gambler can deposit or withdraw either weekly or monthly. Selecting a payment method using this factor is dependent on whether a player is a low roller or a high roller.
Popular Casino Deposit Methods
Once a gambler has weighed the factors that have been outlined above, they can move on to selecting the deposit option that best suits their needs. There are thousands of deposit methods available for online casinos, but they can be placed in four classes: credit cards, eWallets, direct bank transfers, manual direct transfers. Here are some of the most prolific casino deposit methods from all these categories:
PayPal is a popular eWallet payment option that is widely used in well over two hundred countries, making it one of the biggest money transaction firms in the world. Having been in operation for about eighteen years, PayPal is highly preferred by gamblers and individuals using it to make payments in other industries due to its ease of use and straightforward operation. Some of the most popular casinos that use PayPal as a deposit option include 888 Casino, Thrills Casino.
InstaDebit was established back in 2003 and quickly rose the ranks to become one of the most prolific deposit methods in the casino business and other industries that deal with money transfer. This method displays the same functionality as that of credit cards and checks, allowing the user to make direct transfers from their bank account to that of the casino. This deposit option can be used in nearly all browsers such as Chrome, Opera Mini, and Internet Explorer, which makes it accessible on almost all mobile devices and personal computers. Some of the most popular InstaDebit Casinos include Players Palace Casino, Rich Reels Casino, Golden Reef Casino, Captain Cook Casino, Royal Panda Casino, Mr Green Casino, Jackpot City Casino, Casino La Vida, etc.
Founded in 1999, Neteller is run by Optimal Payments PLC, which is a firm based in Europe. The company was previously based in Canada until 2004 when it moved to the Island of Man. The firm has since expanded to cater to over two hundred territories around the world including The United States, Japan, France, Turkey, Nigeria, Macao, Singapore, Hong Kong, and Canada. Neteller has numerously been termed as the best deposit and withdrawal option by most online gamers. Its popularity can be traced back to the speed at which transactions are processed, with deposits reflecting immediately. Additionally, Neteller does not incur any fees for the use of its services. However, some casinos have been known to place a small charge when using the method.
- PaySafe Card
PaySafe Card is a payment method that is quite popular with people who use online payment methods in various industries. This mode of money transaction opened its doors in 2000 and has since been run by Paysafe Holdings UK. This company is also responsible for other payment methods such as PaySafe Card MasterCard, which makes it the largest money transaction business across the globe. This method was not popular among online gamblers since it was introduced as a physical card when the company was first established. However, all this changed when a mobile app for the same was introduced in 2011. The app is compatible with most mobile operating systems including Android, Linux, Windows, Blackberry, and iOS.
PaySafe Card uses a prepaid system to conduct money transactions, which eliminates the need for a gambler to transfer funds from their credit card or bank account to their casino account. No fees are incurred during transactions, but a two-dollar service fee has to be paid every month. The biggest advantage of this method is the fact that no bank account information is provided to the player’s casino of choice: this helps protect the client in the case that fraudsters hack the casino system. However, PaySafe Card has the disadvantage of not being a withdrawal channel: this means that gamblers who use it to deposit funds must look for an alternative option to withdraw their winnings.
Some of the most popular PaySafe Card casinos include William Hill Casino, 7 Sultans Casino, Royal Vegas Casino, Euro Grand Casino, Slots Magic Casino, Royal Panda Casino, Paddy Powder Casino, and All Slots Casino.
Visa is a deposit method that has reached high heights in numerous industries that have not been matched by most other payment methods since it was established in 1958. Its long-standing status has helped it gain a massive following that has kept other firms on their toes trying to match their prowess. Visa is widely used due to its straightforward functionality and the security it offers its gamblers. This online casino deposit method is widely coveted by most casinos and comes in an array of credit, debit, and prepaid cards. Some of the best online Visa casinos include 888 Casino, All Slots Casino, Spin Palace Casino, Mr Green Casino, William Hill Casino, Casumo Casino, Karamba Casino, and Kaboo Casino.
- Bank Transfer
Some gamblers may not be comfortable transacting their cash on online platforms, and that’s where Bank Transfers and Fast Bank Transfers come in. This deposit method is the most widespread method since banks can be found almost everywhere. Some of the most enjoyed Bank Transfer Casinos include Royal Panda Casino, Dunder Casino, Casino Cruise, Jackpot City Casino, Slot Mania Casino, Slots Magic Casino, and All Slots Casino.
The choice of the perfect deposit option goes hand in hand with the choice of a casino with a responsive customer support team: this is because a large percentage of the issues brought forth by gamblers involve transaction problems. Therefore, a kind and responsive client team will put one at ease knowing that their issues are being handled. One should go for a casino customer care team that has various contact methods such as via phone, email, fax, and live chat.