A Guide To The Best And Safest Online Casino Banking Methods
While online banking has often been viewed with suspicion, these days it is increasingly being recognised as a trusted and easy way of transferring funds. Online money transfer companies have worked hard to make improvements so that those who use their services can enjoy peace of mind. As a result, more people than ever have switched to making payments over the internet.
When it comes to playing online, customers have to decide which option to use to make payment for their services. Long gone are the days when you had to go to your bank and transfer funds in person. Operators these days offer a host of options from debit cards to e-Wallets like Neteller, Skrill, and PayPal. There are even some online casinos that offer payments with cryptocurrencies like Bitcoin or via mobile phone bills. These days, you can pay using the most reliable payment systems. But, which are the safest and best options available today?
Transferring Funds Online – Is It Safe?
If you choose to send money to your online casino operator using a debit card you can be confident that it’s a safe and simple process. Visa, American Express, and MasterCard are all widely accepted and have a reputation for security. It’s important to note, though, that the UK Gambling Commission has placed a ban on gambling using credit cards in the United Kingdom. Payments using cards are instant but there may be an additional charge applied of between 0.8% - 1.3%.
E-Wallets like PayPal and Neteller have become extremely popular payment options for gambling sites since they allow all card information to be conveniently and safely stored. Again, payments are transferred instantly and you can enjoy the extra confidence that comes with knowing that your bank details have an additional layer of protection.
What About Offline Banking Options?
Although both of the above options are now regarded as safe by regular online casino users, some players still prefer to use offline payment methods. It’s still possible to go to your bank and ask for a transfer to your preferred online casino, and cheques, bank drafts, bank wires, Moneygram and Western Union are often available for funds transfers. Although it’s a time-consuming and energy-intensive process to use an offline option, it gives some players additional peace of mind. It’s important to be aware that there is a delay before your funds are received by the operator, though, and you may need to pay an extra fee.
Can I Pay With Cryptocurrencies?
One major change that has come about in recent years is the ability to pay at online casinos with cryptocurrencies like Bitcoin. Not every casino accepts these options yet but the level of anonymity they provide and the convenience that they offer make them an appealing choice for some players.
Mobile Payments At Online Casinos
One further option allowed by some online casinos is the ability to pay via mobile payments. Funds can be deposited rapidly through your mobile phone bill which makes this a convenient choice for anyone who doesn’t have a debit card or e-Wallet.
At the end of the day, the choice is yours as to which online payment option suits you best. However, countless players from around the world log onto online casinos each day and enjoy the fun they offer without any concerns about payment security, so as long as you choose a regulated and reliable casino you should experience no issues.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes