Online casinos have put in place a number of banking options to ensure that no prospective user is left out. After all, casinos that don’t provide multiple banking options often end up losing to their rivals who offer all options which are convenient to real money players. However, this raises the question of how to choose banking options in real money casino platforms. Are there factors to look for when deciding which methods to use when depositing or cashing out your profits? Let’s find out:
Speed with which deposits and withdrawals are processed
Before you Play Firestarter at Energy Casino, you ought to decide on a payment method that is suitable for you since this is a real money game. Obviously the first important thing to put into consideration is the speed with which deposits and withdrawals are processed for that particular payment method. If you do not want to wait any longer than a few hours, then e-wallets and vouchers are your safest bet.
On the other hand, players who are not in a hurry of playing games can use wire transfer or any other traditional method of funding their accounts. It boils down to your patience or willingness to wait until the funds can reflect on your casino/in your bank account in case you’re cashing out.
Safety of your money and banking information
Most internet users who are privy with online transactions fear using credit cards. The reason being, credit cards are prone to fraud, and can put their banking information at risk of falling in the wrong hands. Some rogue online casinos which are not regulated by any governing body tend to collect this information from credit card users which can then be used to achieve a malicious intent.
And because security is a big concern, reputable casinos have now decided to implement the use of e-wallets which are often safer than many traditional forms of payment.
Convenience
And of course convenience is a determining factor when choosing a deposit or withdrawal method. If for some reason one banking method is convenient for you compared to another, it makes sense sticking to that particular method. Not all people will use e-wallets despite their safety and convenience. Everyone’s choice is unique.
Banking options that are currently supported by online casinos
Web-wallets are definitely the most preferred way of funding online casino accounts. That’s because most web wallets such as Skrill, Neteller, PayPal, EcoPayz and Click2Pay tend to process payments in that very hour of initiating a transaction. With a web wallet, you can be sure to get on the fast track to gaming with real money in that very moment.
Wire transfers
Wire transfer is a traditional banking method for online casinos which can take up to 7 days in order for the payment to reflect on your casino account. There is still the option of using instant bank transfer which is secure as well. Only fees may vary – which is also a factor to consider when choosing a banking method.
Cards and vouchers
Online casinos support a series of credit cards for your convenience. We are talking of MasterCard, Visa, Visa Electron, Maestro, PostePay, and PentroPay. These are the most common cards accepted at online casino sites.
And of course you can purchase vouchers online which can then be entered into your online casino software to unlock the real money games. This is the most secure form of payment on the internet. It is also considered very convenient as long as the vouchers are readily available for purchase online or near you.
Conclusion
With myriads of banking options to choose from, online casinos are confident that the needs of every player will be covered – at least where payment or cashing out is concerned. You should therefore expect online casinos to remain competitive in this area as they seek to attract even more users.