So you’ve gone through the entire process of finding the right online casino for yourself. You’ve done your homework and everything is falling into place. The online casino has rave reviews in the industry, the software company that powers the site is exceptional and offers great games in one of the best portfolios around. You’ve test driven the customer support team and are happy with the results, the bonuses are top class and the security measures in place are exactly to your liking.
The only thing left to do now is register with the site, open up an online casino account and fund that account so that you can begin your great internet gambling adventure.
And this is where many online casino gamblers seem to reach a dead-end in their search for the ultimate online casino for themselves. Because one thing many don’t take into account is the fact that they need to find casino deposit methods that suit them and their gambling lifestyles.
There are many different kinds of casino deposit methods. These range from the traditional credit cards to ebanking methods. The good online casinos out there offer a whole variety of these casino deposit methods so that they are able to cater to any type of player. Good casinos will be able to offer banking methods to players, irrespective of where they live in the world, what their restrictions are and what their personal preferences are.
Credit and debit cards are among the most popular casino deposit methods. These are used by players because they are mainstream, well known and relatively safe to use. Unfortunately, it has become increasingly difficult for players from the United States to use credit cards as casino deposit methods because of the restrictions placed on US banking institutions by the Unlawful Internet Gambling Enforcement Act. As a result, many online casinos offer US players alterative forms of payment.
Ebanking casino deposit methods include systems such as Neteller, Click2Pay and Moneybookers. These systems allow players to open an account on the internet, fund these accounts with a regular banking method such as credit card or bank transfer, and then use the funds in those accounts to pay for their online casino gaming sessions.
The advantage of these alternative forms of deposits is that they are safe, private, discreet and hassle-free. They also allow you to fund your accounts from anywhere in the world and make payments 24/7.
Other casino deposit methods include wire transfers, echecks, bank checks and Western Union. Whichever method you choose, remember that it needs to suit you as an individual, taking into account where you live in the world, what limitations you have from your particular geographical destination and what your preferences are. Also, remember, that some online casinos may reward you for using a certain online casino deposit method.
The most popular method of payment in the US is probably the credit card, as they usually have the best deals. The advantage here is the ability to link the card to a bank account and have the facility to pay bills on an EMI basis. Universally accepted, Visa and MasterCard are two of the more prolific providers of credit cards. Merchants that accept credit cards, invariably accept both Visa and MasterCard.
Then there is the JCB credit card has attempted to focus their energies on creating a quality product coupled with excellent service. There is also Diners Club; the first credit card company in the world. Diners Club established the idea of an independent credit card company, and has specialized in providing cards to the travel and entertainment credit card clientele.
An auxiliary of credit cards, is the similar concept known as debit cards. The fundamental difference between the two lies in the payment methods. When a debit card is swiped at a merchant, the funds are transferred into the merchant’s account immediately, and the debit is instantly visible. There are many debit card companies, the first one on the list being Citadel cards. Citadel is a major supplier for white-labeled credit card solutions, mainly debit cards. They are recognized worldwide, and their products are accepted everywhere as well.
Maestro debit card service is a subsidiary of MasterCard, and although popular in US, it however is not as widely accepted as MasterCard or its competitors. Maestro also has a range of prepaid cards as a payment option. Netspend is the biggest debit card distributor in the US. While its approach is customer service and satisfaction, Netspend has tailored itself to ideally suit US citizens, with bonuses and lots of other benefits.
Moving on to e-wallets, which are great online mechanisms used to perform secure online monetary transactions. Essentially, an e-wallet can be likened to having a bank account on the Internet, from where transactions take place instantly. Originally created for phone billing, 900pay has expanded to include all manner of online shopping. It is extremely easy to use, and precludes the use of a credit card for transactions. ACTeCASH is another e-wallet offering similar services; however the difference with the latter is the localized payment solutions which are yet to reach the US.
e-Bullion is a unique concept for e-wallets. The site backs all the customer funds in actual, physical precious metal. Similarly, there is e-gold which offers almost the same services, albeit for a fee. Both the sites can be used to transfer funds electronically. Paypal is another option and is the most widely used. Lastly, there is SolidPay, which shields both the transacting parties from each other, creating a veil through which private information cannot pass.
In the latter half of 2006, the Security and Accountability For Every Port Act was passed by the US Congress which prohibits any monetary transaction between financial institutions and online gambling sites. A few exceptions to this law are sites for lotteries, horse racing and fantasy sports. As a result of this law, many gambling sites have closed their doors to US players, registering quite substantial losses in the bargain.