If we want to talk about online casino banking many aspects come are important.
A general list will include: deposit real money, withdraw real money, currencies, payment options, withdrawal times, minimum withdrawl amount, fees involved, to name just a few aspects.
We are going to limit ourselves to this specific subject: the role of banking options with regard to online casino gambling. Of course, these banking rules differ per region and per country. A lot of information to talk about!
Which payment methods do the banks offer and what do online casino players need to know about it. Because the most important concern for them is that the payments are made safe and securely!
It will just happen to you that you deposit money in your players account and it disappears. Or even worse: you have won money, you want to withdraw it to your bank account or another payment method, and the whole process goes wrong.
There are a multitude of deposit methods offered by the casinos. Some are deposit only while others allow you to withdraw your winnings back to your deposit method. Most casinos offer at least five different banking options, and some a whole lot more than that.
You will certainly find a gambling site offering whatever method you prefer to use when depositing and withdrawing real money. The most important thing is to ensure that you use one that is safe, secure and reliable.
Making a deposit is usually pretty similar whatever payment method you decide on. Once you have signed up with an online casino, go to the cashier. Here you can select the banking option you would like to use, as well as how much money you want to deposit. Start the transfer and funds will appear in your player account shortly afterwards.
The process of withdrawing from an online casino looks a lot like the deposit process, only in reverse. Make your way to the cashier area and select the option to make a withdrawal.
Where possible, casinos usually pre-select the same method you used to make a deposit by default. If that method is not available, you will have to choose another one from the list available. Just start the withdrawal indicating the amount of cash money and wait for your winnings to appear. Some casinos are quicker than others when you make a withdrawal!
Do credit cards allow online gambling? You can give online gambling using credit cards a try. But be aware that some banks will not process gambling transactions. More over, in the UK and recently in USA it is officially forbidden.
Prepaid cards as banking method are pretty popular amongst online gamblers. Prepaid cards offer an extremely convenient way to enforce self-imposed limits. For more information, read our article about Gambling with Prepaid Payment Options.
Bank wire transfer payments allow online players to receive or send money somewhere, using their bank account details as well as the information of the recipient. Another termination is the ´Wire Transfer´. Nowadays, bank wire transfers are one of the most widespread payment processing methods listed at online casino Cashier sections.
Countries all over the world accept this payment method as fully legitimate, even with high withdrawal amount limits in case a casino player hits a big winning, meaning a so called ´High Roller´. For more information about this subject, read What is a High Roller player.
Bank Wire as payment method is normally accompanied with a specific processing fee, depending on the casino platform, the bank institution, as well as the cash amount being processed.
This is an evolution in the gambling history that has started a few years ago. Meanwhile, Bitcoin and more crypto currencies have become accepted as a legitimate currency. Crypto banking guarantees speedy deposits and withdrawals, with low fees, and security.
Banking and Online Casinos Summary
Whether or not you can use services for online gambling depends heavily on your location, but also which online casino site you are visiting! All the payment options we recommend make it their top priority to be the safest and the most secure.