Naturally, those who want to play real money casino games have to have cash in order to be able to place real money bets. Those funds, before they are available to players, have to be transferred into customers’ casino accounts.
Topping up a casino account is possible only by using the banking options offered at a particular gaming site. Banking options that make it possible for players to transfer money into their account are commonly known as casino deposit methods.
Deposit methods can differ in many aspects; for example, some payment options provide fast money transfers, whereas other methods need several days in order to complete. Also, some deposit methods do not include any fees, while others require users to pay for the service.
Therefore, it is important to know what the most popular casino deposit methods are and what are the pros and cons of using them.
Credit/Debit Card Deposits
Visa, Visa Electron, MasterCard, Maestro, Diner’s and American Express are some of the most commonly accepted credit and debit cards at online casinos. Making credit/debit card deposits is a smart move since players can use their funds within several minutes.
However, when making a credit/debit card payment, casino customers are asked to provide confidential information and hence this can be a reason for someone to avoid this banking method. Nevertheless, making credit/debit card deposits at reliable online casino operators is perfectly safe and secure.
Usually, using credit/debit cards as a preferred payment method can include a certain fee. For example, topping up your account at Guts Casino via Visa or MasterCard comes with a 2.5% fee.
Deposits via E-wallets
E-wallets are definitely the most popular deposit method among online players. There are several reasons why is that so. First, e-wallets provide instant deposit; i.e. players can use the transferred cash after couple of minutes.
Second, Internet wallets are free of charge. There are no casinos that charge players for using an e-wallet. Quite on the contrary, they may even offer a preferred payment method bonus of 10-20%. If there are some fees, those may come when users try to cashout funds from their digital wallet.
Currently, the most popular e-wallets that are respected by online players and accepted at online casinos are Skrill, Neteller, Paypal, WebMoney and InstaDebit.
Prepaid Voucher Payments
Those who are fans of instantaneous fund transfers also can use prepaid vouchers. Brands like Ukash and Paysafecard offer players the amazing possibility to top up their casino accounts without providing any personal or credit card information.
These vouchers are pretty simple to use, but their main disadvantage arises from the fact players have to find a shop that sells them. However, once they buy a prepaid voucher they can use it to fund any casino account within 10 minutes.
Just like using e-wallet, using prepaid vouchers is free of charge. The only time players will pay is when they will buy the voucher in the retailer store.
The last banking method on this list is possibly the worst one as well. Even though bank transfer is usually free of charge and safe, there is one huge con that comes with it; bank transfer deposits take several business days to complete.
Depending on your bank and the casino’s deposit processing time, you may have to wait from one to five business days before you are able to start playing real money games. Therefore, players tend to avoid this method.
All casinos have some things in common; deposit limits are one of those things. In order to protect themselves as well as their members, online casino sites impose particular limits that do not allow players to deposit anything under or above those numbers.
Minimum deposit amount is the smallest amount of cash that players are allowed to deposit per transaction. Depending on the casino, players may be able to top up their account with as little as £5 or anything up to £20.
Just like the name suggests, maximum deposit is the maximum amount of money that players can deposit per transaction, day, week or month. Different deposit methods may have different limits. Therefore, some casino might accept a maximum of £5,000 credit card and e-wallet deposits per transaction, whereas they do not impose a maximum deposit limit on bank transfer payments.
Deposit Processing Time
Deposit processing time is crucial for players who are eager to start playing right away. Therefore, they have to check the casino’s banking policy and find out how much time particular deposit methods take before the funds are added into the casino account.
The best and instant options are credit cards, e-wallet and prepaid vouchers. Bank transfer, on the other hand, takes at least several business days and hence it is not recommended to players who are in a hurry.