Once you learn the ins and outs of the many payment options available at online casinos, transferring money to and from them becomes a breeze. The deciding issue is whether you are a U.S.-based company or an international competitor.
Players who deposit and withdraw frequently may find options that differ from those who deposit seldom or for lower amounts.
Here you’ll find detailed instructions on how to deposit money into your casino account fast and easily. In-depth guides to each deposit method are linked from this page as well.
American Casino Deposits
Depositing funds at an online casino is not against the law in the United States. Instead, you’ll find that the Unlawful Internet Gambling Enforcement Act of 2006 makes it illegal for banks to process any transactions with the offshore casino sector. If your bank finds out you’re using your checking account to finance your casino account, they may refuse further direct transfers from your account.
These regulations may be avoided in a variety of ways, some of which include using a credit card for overseas purchases and money transfer services, such as Western Union. Here are some of the most common methods used by American players to finance their online casino accounts.
Casino Roulette Deposit MasterCardDeposits made with major credit cards like Visa, MasterCard, and American Express are meeting with increasing success at offshore casinos. These days, you should expect a high percentage of first-time approvals. You’ll need to make purchases in foreign currency, so check that your credit card allows purchases made abroad.
Pay using a Visa Prepaid Debit CardPrepaid Visa cards are widely available for purchase. For purchases to be made outside of the country, these must be authorized. Most gambling establishments would gladly tell you which brands are active if you ask.
Services for Sending Money
Casino Deposit Using Western UnionYou may send money via a major money transfer service, such as Western Union or MoneyGram. Typically, you’ll be sending your funds to a third party who is acting as the casino’s agent and collecting payments from customers. This approach comes with a larger price tag, but it has an impressively high success rate.
ACH Transfers & Electronic Checks
eCheckSome casinos even allow you to “write a check” using your smart device. Some businesses can only accept payments made through a direct bank wire transfer. Withdrawals through wire are more prevalent than deposits.
Cashing In On Bitcoin CasinosThe number of online casinos that accept Bitcoin as a deposit method is rapidly growing. You should exercise caution because many of them lack proper licensing. Once you have a Bitcoin wallet set up, which you can do by following the instructions on your wallet’s website, making deposits is a breeze.
Banking Options for International Gamblers at Casinos
When you leave the United States, your choices expand rapidly. As a matter of course, many gamers just utilize their debit or credit cards. This may be the quickest choice, but it isn’t necessarily the safest or the least expensive.
A third-party payment method is the most common solution, as it acts as a safe buffer between your bank and the online casinos. Digital wallet services include well-known names like PayPal and Neteller as well as several smaller, localized alternatives.
If you utilize one of these methods, the only money you risk losing is what you put into the wallet, as you won’t have to reveal your card information to the casino. The flexibility of these services is an additional benefit that is often overlooked. If you store a sizeable percentage of your gambling funds in an electronic wallet, you’ll have easy access to transferring that money across casinos when promotions and bonuses become available.
When the bonus period ends, you may put the money back into your wallet and go on to the next deal.
Coupons and Prepaid Methods
There are voucher and pre-paid card methods that overseas players can utilize if they choose an additional degree of security. UKash, EntroPay, and PaySafecard are just a few examples. You may avoid dealing with your bank entirely by loading them up with cash and then using them in the same manner you would a credit or debit card.
Methods of Withdrawal from Casinos
If you win at an online casino that has been granted a license in another country, you may expect to receive your winnings through the same payment method you used to deposit.
This aids their efforts to combat fraud and money laundering. If you make a $100 deposit using a Visa card, for instance, you will often be required to pay back the same amount using the same card before you are allowed access to any of your wins. In most cases, MasterCard won’t let you make cash withdrawals, therefore you’ll need another method.
When making a withdrawal, most casinos, whether they are in the United States or elsewhere, will ask for photo identification. If you’re prepared with scanned papers, verification is typically quick and uncomplicated, but it might be frustrating for gamers who aren’t expecting it.
Withdrawals from casinos in the United States are often made via paper checks. Alternatively, some casinos will mail it to you through courier. Some gambling establishments provide money transfer services, which are faster than bank transfers but cost more. Another choice is to send money by wire transfer.