Types of Online Casino Withdrawal Options

Introduction

Depositing money into an online casino is easy and there are a number of ways that the average person can do it. Withdrawing money from the same casino however is most definitely something that is reasonably hard to do. While it is not totally difficult in the way that some things might be, there are fewer options available for withdrawal than there are for deposit. This is because the online casinos need to keep security tight for removal of money to ensure that the money goes to the same place it came from and of course to allow them to keep the money and earn interest on it for a few more days. There are still many ways for people to withdraw money and some of them are listed below.

Online E-Wallet

The online e-wallet is by far the most popular withdrawal option because it is the easiest way for a person to control both their deposits and their withdrawals. It is a third party money holding agency that is wholly independent from your casino, your bank and anything else for that matter. You simply transfer funds through the e-wallet from your bank to your casino and that allows a measure of security that is very attractive to most people.

The highest tier of online e-wallet services would be comprised of NETeller, Moneybookers and FirePay. These are the three most popular online e-wallet services and they are used collectively by the majority of the online casino crowd. The second tier would include services like EcoCard, EPassporte, and Citadel. Any kind of prepaid account with a card would also technically count as an online e-wallet even though the big ones do not usually have cards primarily attached to them.

Bank Transfers

For people that don’t mind going directly from their bank to the casino and back again, there are a number of different ways of doing it. The most straightforward method is a simple wire transfer in which you go to your bank and get it done to deposit and the casino goes to their bank and gets it done when you withdraw. It is simple to do, although a drawback to the method is that you usually have to pay for it. Depending on the customer service at your casino, it could also take up to a couple of weeks to get done.

Another way for people to do a bank transfer would be to get an electronic transfer of funds. These are typically a lot faster than bank transfers, although they are not offered as withdrawal options by all casinos. Ultimately, if you have the option, an ETF is better than a conventional wire transfer.

Finally, services such as UseMyBank are also available. However, these services are by and large deposit-only services, although it is expected that many of them will expand into withdrawals soon enough and in doing so become online e-wallets. Keep and eye on these services if you are in a country like the United States and are restricted in the payment methods you can use.