Online Gambling Banking

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Online casino deposits are made using a variety of different methods. When customers want to add money to their online gambling accounts, they need some way of transferring their funds from their wallet or bank account to the site’s financial department. That’s where deposit methods like eWallets and wire transfer services come in. The first thing to do is to navigate to your preferred casino’s Banking/Cashier section and select the specific payment method out of the list of banking options. Step 2: Clicking on the Visa Debit option will lead players to sign into their familiar online banking service, for which they’ll need the username and password.

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Tech advancements have created a number of conveniences along with the Internet, facilitating people’s lives in a number of ways. One major advantage is the appearance of e-commerce, which prompted the need for secure payment processing channels.

Transactions over the Internet…

Gambling Banking Options Funding your online gambling or betting account is the first step you’re going to take towards playing your favorite casino games online. But, if you’re brand new to online betting, this could be something you’re not too familiar with. Online Gambling Banking Methods in Your Country. As we mentioned briefly in an earlier section, the Internet gambling banking options available to you will depend greatly on where you are from. First of all, some methods – particularly those that are tied to online banking systems – are specific to certain regions or countries.

…used to be rather limiting, as security was a major issue. Due to such requirements, financial institutions put in a lot of efforts to improve the efficiency of the processing mechanisms. Nowadays, there are authorities which regulate the standards that need to be upheld by such institutions.

Hence, people can enjoy fast and efficient, yet secure and encrypted payment processing for all their online payments. These are applied to numerous platforms, from online retailers, through gambling websites, to all kinds of online service providers.

About Visa Debit

Visa is one of the financial institutions providing online payment processing on the aforementioned platforms. What started off as a state-level one-stop payment solution in 1958 swiftly became one of the major companies in this industry.

Visa first started off…

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…as BankAmericard, a plastic card payment solution issued by Bank of America in Fresno, California. Nevertheless, by the middle of the 1970s, it spread across the USA, and in 1974 specifically, a multinational corporation under the brand IBANCO officially took over all matters over Visa payment processing.

Since then…

…the company has built a global network with a number of banking partners. With the final rebranding to Visa, the company had already established its reputation as a stable payment processing service provider. Clients were already accustomed to using the service when the first e-commerce websites appeared, which made it easier for Visa to establish its online payment solution.

For this purpose…

…online buyers and casino players alike were able to make use of any type of Visa card they already owned. This included credit and debit cards, Visa Electron, as well as Visa prepaid cards that could be purchased with prepaid funds, as well as reloaded.

Visa Debit in particular…

…became one of the top choices by such users, as it functions similarly to a checking account. Thus, players were able to make online deposits and payments for as long as they had funds. The service additionally included the overdraft feature that allowed them to continue making payments after maxing out their actual funds, up to a certain limit. In this regard, the Visa Electron did not permit overdrafts, as it particularly targeted minors, young adults and people with low credit lines.

Online casino sites…

…poker rooms and the likes largely included the Visa Debit in their list of available payment methods. Operators made use of the specific nature of this debit card in order to affirm their own reliability. What is more, the fact that players were only able to enjoy active real money gameplay until their bank account balance allowed was an added convenience. After all, such platforms are obligated to comply with provisions regulating gambling addictions and debt issues. Due to this, there has been continuous interest among online gamblers for Visa Debit as their chosen deposit and withdrawal method.

As a Payment Method

These cards are in themselves a rather popular payment method, especially with the Visa brand standing behind them. Up until today, there is no lack of Visa Debit online casinos offering online gambling content to their player pool.

Visa Debit online casino services...

...feature a range of aspects that make up the whole gameplay experience. This includes the game selection, bonus and promotions offering, platform security and most importantly, Visa debit deposit and withdrawal functionality.

Depositing at Visa Debit Online Casinos

Making a Visa Debit deposit is much like submitting a payment at any of the familiar online retailer websites, as people have been accustomed so far. All it takes for online casino players to enjoy Visa-funded gameplay is to get their own Visa debit card.

Visa Debit cards...

...are issued by most banking and financial institutions, along with the rest of Visa’s payment solution offering. All you need to do to get started with your gambling endeavours is to apply for a debit card at your nearest bank of choice. Considering it functions as a plastic card access channel to your current account, any payments and withdrawals from this account are practically like paying by check, with the added convenience of cashless, often contactless, and online funds transfer.

Speaking of which,...

...there are a few basic steps that Visa Debit cardholders will likely need to follow through to perform successful depositing onto their online casino player account.

Step 1: With a plastic Visa Debit in your hand, and a chosen online casino platform accepting payments of this format, all that’s left for players to do is get the gaming going. The first thing to do is to navigate to your preferred casino’s Banking/Cashier section and select the specific payment method out of the list of banking options.

Step 2: Clicking on the Visa Debit option will lead players to sign into their familiar online banking service, for which they’ll need the username and password. Very often, these banking institutions in charge of issuing Visa Debit cards will add two-factor authentication to prevent identity theft and funds abuse.

Step 3: To carry out a transaction, the online banking service will require your personal and banking information. Aside from name, surname, address, bank account or debit card number, the process requires the card’s expiration date and the CCV2 security code at the back.

Step 4: Upon entering all the details, as well as amount of funds to be transferred, confirmation is obtained through the authentication process, via token, email or SMS. With that in place, funds are immediately and safely transferred to your online casino player account, where they are credited for real money online gambling action.

Withdrawing

Visa Debit withdrawals are performed much in the same manner, with the sole distinction of the funds going the opposite direction – from the casino platform to your bank account. Such cash outs can be done whenever you feel you have accumulated enough winnings for a withdrawal request.

In this regard, players should take into account certain limits and restrictions which accompany the use of Visa Debit across online gambling platforms. For one, the service is only restrictively used for cashouts, considering that Visa Debit cards function as a checking account. On top of that, oftentimes, there are fees by both the card issuer and the online platform attached to the transaction.

Finally, there are specific jurisdictions...

...which impose completely restrictive regulations regarding online gambling practices, such as the USA. Despite recent changes in state legislature, they are still a long way from progressing to fully available online casino games. Better yet, one of their legal acts specifically targets and prohibits funding such practices with the help of banking and payment providers, thus limiting both deposits and withdrawals to online e-wallet processors, paper checks and cryptocurrencies.

Advantages

Just considering the fact that the Visa payment processing option has been available since the early days of the e-commerce industry is enough to prove its benefits. More specifically, when it comes to its use across online casinos and the likes, Visa Debit appears to be an even more suitable solution.

  • International coverage – There is no doubt as to Visa’s globally spread brand recognition, considering how far it managed to build and strengthen partnerships with banking institutions throughout the years. Its presence at casinos and similar gambling platforms has since come to indicate reliability and trustworthiness, which further prompted Visa Debit’s presence across the iGaming industry.
  • Prime security measures – The sole fact that Visa deals with top financial and banking institutions guarantees that high-end security and encryption protocols are followed through. What is more, each user additionally has its unique security measures, such as the PIN code, possible username and password credentials to their online banking service, as well as the dual-factor authentication.
  • Top game selection – Players opting for Visa Debit online casino platforms will be able to enjoy prime gameplay. These sites are equipped with iGaming software from all the major providers, featuring top titles packed with a number of rewarding and entertaining elements.
  • Wide range of bonuses – Many online casinos tend to offer exclusive bonus offers for players using a select type of banking method. However, Visa Debit users are normally eligible to enjoy the promotions and a full range of goodies, as their payment method of choice is widely and easily available.
  • Fast transactions – Payment processing via Visa’s secure, intermediary channels boasts a lengthy tradition. As such, online casino players choosing to deposit and withdraw with this option can get their payment requests processed instantly. The casino operating team may have some influence over the wait time in terms of withdrawal, as they need to check for any requirements and conditions prior to verifying and authorizing it.
  • Easy and convenient cashout – Still, despite the wait time, your casino winnings can reach your checking account and the Visa Debit card related to it, in a safe and timely manner. Once they do, there is no other channel they would need to go through, as is the case with e-wallets and similar modern online processors. With the money already in your bank account, all it takes is to reach the nearest ATM and get ready-to-use cash straight upon demand.

Disadvantages of Using Visa Debit as an Online Casino Payment Method

The massive player pool is bound to be widely diverse in terms of preferences and tastes. As a result, they are bound to point out to shortcomings of the service.

  • Sharing private information – Visa Debit bears the reputation of its brand company, yet there are some more skeptical of the matter of sharing private information. Thus, players are often put off with this payment method, even in cases when they use a dedicated bank account and Visa Debit card for their casino bankroll funds. Their private information and finances are still secure under the top encryption protocols, despite their skepticism regarding the method.
  • Legal restrictions – The other main disadvantage players normally experience is related to their local legal regulative. In respect to the players’ country of residence, they can face withdrawal restrictions, as is the case with the top US online destinations. Alternatively, players from specific states and similar jurisdictions are prohibited from using this banking method altogether, and instead opt for another payment processor.

FAQs

1. Are there any fees that I will be charged with for deposits and withdrawals?

The bank or financial institution issuing your specific Visa Debit card is likely to impose a minute, negligible fee for payment processing. On the other hand, players are advised to check for the terms of use with their chosen casino platform, as the operator themselves could subject players to higher charges for Visa Debit withdrawals particularly.

2.What is the standard length of the withdrawal wait time when it comes to this payment method?

While the actual transaction is normally said to be instant, or rather prompt and timely, approval and verification procedures can take up to a few days. On average, online casino withdrawals will take about 3-4 days, considering there are no legal restrictions or withdrawal requirements to be met.

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3. What is the primary benefits, in comparison to the credit card solution from the same payment processor?

Unlike credit cards, which allow players to fund their gameplay with money they are yet to pay off, the Visa Debit banking method is solely applicable until there are actual funds in the relevant bank account. Some cards may have authorized overdraft limits, but these are additionally set by the user and comply with their financial abilities.

4. Which are the permitted currencies for banking with Visa Debit?

Visa Debit has a global partnership with banks and institutions from more than 180 countries. As a result, most players will likely be able to enjoy banking in their preferred, local currency. The only consideration is the casino operator, which may require that the funds are converted to one of the standard currencies.

5. In case I am not eligible to use Visa Debit, is there a suitable alternative?

Visa Debit is still a much more widely used payment method in comparison to Visa Electron, mainly due to the overdraft issue. Nevertheless, more modern options have taken over, and players nowadays opt for online payment facilitators, e-wallets or the latest digital currency solutions of Bitcoin.

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Why the deposit matters?

The deposit is pretty much everything when it comes to online gambling. Sure, you can play the demo games and you can collect a no deposit bonus at some of the online casinos; however, you cannot actually win and withdrawal any real cash. This is what makes gambling so much fun, and why you should make a deposit; even if it’s a small one.

How to make a deposit

Making a real cash deposit at a gambling operator is relatively easy. Although each method does have its own process and transfer times, it generally will take a few minutes. With most of the deposit options, you will need to set up an account beforehand. After which, you may need to transfer money into that account. This can be instant, or take a few days.

Get the scope of the casino deposit method here, and if you’re interested, read further into it on a separate page.

Deposit methods you’ll find for online gambling

We only recommend casinos which offer easy ways to make a real cash deposit. After all, we don’t want you to come across frustration or disappointment. The casinos on this site may not offer every single method listed, but will at minimum, offer a few. If we’ve missed out on your preferred method, give us a shout...we’ll want to know about it.

Amex

Also known as American Express, Amex is generally used by American players. Although not as common as other cards, it is good if you want to make larger deposits. This is because the deposit limits are quite a bit higher than other methods. Due to the credibility of Amex, online casinos tend to be more “trustful” of players using this card.

Credit Cards

For players in certain countries, a credit card may be a viable way to make an online gambling deposit. This method is convenient since most people have a credit card and know how to use it. Our recommended real cash casinos will accept a variety of credit cards; however, make sure your card is accepted before you go through the process.

Debit Cards

A debit card is one of the most common deposit methods. Online casinos are generally happy to accept UK and European debit cards; however, those from the US may not be as common due to certain restrictions. Using a debit card as a deposit method is nearly instant, extremely safe and available 24 hours a day.

Diners Club

Diners Club, although not very popular, it is an accepted online gambling deposit method anywhere that also takes MasterCard. Diners Club casinos process payments immediately and have no fees for deposits or withdrawals.

Discover Cards

Using a Discover Card for gambling is not easy, especially if you’re looking for a casino site that directly accepts this method. However, if you have a Discover Card, your online casino account can be funded indirectly. All you need to do is bypass the site and use a third party site like an eWallet. You can also purchase vouchers or prepaid cards.

Echecks

Echecks are regularly used by gamblers in the USA and Canada. This is an electronic version of the paper check and is ideal if you do not want to use an eWallet or credit card. Although slower to process, it is a good option for anyone with large amounts of real cash to deposit.

EntroPay

EntroPay is another favorite method to make a casino deposit with. The processing fees are low and the transactions are instant. You can instantly fund your EntroPay account with a bank, credit card, debit card, prepaid card or eWallet. Funds can be taken from your account via ATM as long as you have an Entropay card.

Instadebit

Working like an eWallet, Instadebit is another method widely accepted by online casinos. Deposit methods like this one are not to be missed. You’ll enjoy low processing fees compared to other eWallets as well as, instant transactions. More importantly, all personal and banking details will remain completely private.

“The deposit is pretty much everything when it comes to online gambling.”

Online Gambling Banking Services

Maestro

Online Gambling Banking Online

Although US players cannot use Maestro to fund an online gambling account, it remains an ideal choice for Europeans. Two cards are available. One linked to a checking account and the other is a rechargeable prepaid card.

MasterCard

As one of the most widely accepted online casino deposit methods, MasterCard is easy and simple to use. You will need to provide your number to the casino as well as, the 3 digit security code. Your funds will be added to your bankroll instantly.

Neteller

Neteller allows you to add real money into your casino account without having to give your personal banking details. This easy deposit method can be found at nearly all online casinos. You will need to sign up for Neteller account beforehand; this can take a few minutes. After, fund your account and make the fast transfer into your casino account.

Online gambling banking bank

PayNearMe

PayNearMe is an east to use deposit method which is ideal if you live near a 7-Eleven store. To make a deposit, you will generate a barcode on the casino website and send it to your phone or print it out. Head to your 7-Eleven store with the code and cash. Funds will be immediately added to your casino account.

PayPal

PayPal is the largest payment processors on the web. Although it is not an option for US or Canadian gamblers, it is still ideal for British and Europeans. Once you have registered for an account, you will add your funds and make a private deposit into your gambling account.

PaySafeCard

Paysafecard is another option which is good to know about. In fact you don’t need to have a bank account to make safe deposits to an online casino. All you do is buy the prepaid card at a local vendor and add this cash to your account. The cards vary from $20-$200, and must be used within one year.

Prepaid Cards

Working much like a credit card, the prepaid card is instant when you make a deposit into your casino account. The only difference is that they are pre-loaded with a specific amount of money. This allows you to control your bankroll and overall spending. The prepaid cards are also ideal in areas of the world where credit cards are not allowed.

Skrill

Moneybookers, now known as Skrill, has quickly become the leading international payment method for online transactions. It is most certainly a popular choice for gamblers to add real cash into a casino account. Moneybookers deposits are nearly instantaneous, while withdrawing cash will take a few hours. All transfers are free of charge, but always confirm whether or not the casinos charge any fees.

Visa

There are very few casinos which do not accept Visa cards. However, US players may find it difficult to use a Visa online. Transactions may be slightly slower, we’re talking a few minutes, but it is a reliable method and readily available.

Online Gambling Banking Bank

Wire Transfer

A wire transfer will allow you to send money directly from your bank account to the casino account. This is convenient, but often comes along with high fees. A wire transfer is normally ideal if there is no other option, or if you have a large amount of money to transfer. Expect a few days before you see the real cash in your online casino account.

Final Thoughts

Before you open an account, make sure the casino accepts your casino deposit method of choice. There is no point in registering at a gambling room which you cannot make a real cash deposit at. Consult the different online casino payment options and check whether or not these methods come free of charge. Moreover, you will want to know how long it will take before you see the money in your account. Finally, some casinos will offer extra bonuses for using a certain method. This is great way to add more cash to your bankroll.

Be sure to check out our pages dedicated to individual payment options. These will give you a good idea of all the deposit methods that will work best for you. When you’re ready to find a casino, you can read all of our real, independently tested, reviews of the top online casinos.

Frequently Asked Questions

Discover the answers to all the questions you have about online banking and deposits here.

What is important when selecting a payment method?

Some methods are instant, like credit cards, others can take a few days, like wire transfers. Some methods might not be available in your country, or they might not be accepted by the online gaming site you have chosen. There are also methods which are anonymous, and other methods which will ask you for your personal information.

Which are more safe & secure?

Generally, it is more secure to pay indirectly, through eWallets, sites like PayPal, or prepaid cards like UKash and PaySafeCard, but direct credit card payments or wire transfers are also safe as long as you choose a reliable and reputable gaming website which protects you as a player and client.

What methods are faster?

Credit card payments, PayPal, and eWallets are usually the fastest methods through which you can deposit money online and pay or get paid through the internet. However, generally all online payment methods are fast, so just avoid wire transfers if you can – they could take up to several working days to go through and usually have high transfer fees, too.

Should I choose an eWallet over debit or credit?

There are several subjects to focus on here: speed, anonymity, availability and legality. Some methods are illegal in certain countries, or unavailable for certain gaming sites. Beyond these issues, debit or credit cards are not anonymous, and thus they can be considered more risky if you do not trust the gaming site or if you’d like to stay anonymous at the beginning. An eWallet can also be faster for deposits and withdrawals, depending on the country you are playing from or the website you are using.

Do I need to own a credit card?

A credit card is not necessary nowadays, since so many payment methods exist that are either prepaid, or based on debit accounts. Many online payment providers can also be topped up by wire transfers, or you can use a direct wire transfer to the online gaming site, though that is the slowest method of them all.

How are winnings generally paid?

Winnings will be paid to you into your eWallet or whatever other method you have chosen to use for payments.

How does my location dictate the choice?

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Certain payment methods might not be legal or available to you in certain countries. It is best to research methods available in your area first, before you make an account with the gaming sites.