Payment Methods to Online Casinos

The most popular payment methods to online casinos are credit cards, in particular Visa and Mastercard. This is despite the fact that online casinos do not offer any bonuses on payments through credit cards. The payments are transferred instantaneously and in a hassle free manner. Most casinos do not remit payments through credit cards. Debit cards such as EcoCard are also used. As far as the online casino is concerned there is no difference between credit cards and debit cards. In the case of debit cards the player pays the card company upfront whereas in the case of credit cards the card company first transfers the funds and then recovers from the player.

The traditional bank wire transfer, also known as electronic funds transfer is another popular method. The funds take 5 days to be credited to the online casino account and withdrawal takes about 10 days. But it is one of the safest methods and casinos offer up to 15% deposit bonus on this method.

E-wallets like Neteller are payment methods that are being used more and more. The advantages are instant deposits, withdrawal within 6 days and 10% deposit bonus. The disadvantage is that the e-wallet account has to be first loaded using a credit card or babk transfer.

Money transfer by e-mail using organizations like Moneybookers and Click2Pay is another payment method. The deposit time is up to 4 days and withdrawal time up to 12 days. Online casinos offer 10% deposit bonus on this payment method.

Bank drafts are easily the slowest payment methods. About 21 days are taken to deposit the funds and 25 days for withdrawal. Online casinos offer 15% deposit bonus on bank drafts. Only the most conservative of players use this method.

Apart from selecting from the different payment methods available, the player needs to be assured of the security of the financial information and also the safety of the financial transactions. To check out the former the player must ensure that the online casino has a privacy policy in place, which prevents disclosure of personal information to third parties. Financial transactions are carried out through encryption servers, which are normally verified by independent accreditation agencies. The player must ensure that the online casino carries the required certification.