Quick Guide To Casino Payments

Above everything else goes money businesses, especially when it comes to casino going. Thankfully, online venues provide quite a range of payment options so that every gambler could come up with the most comfortable banking means and set things up properly.

For the record, in case you seek smooth and easy slotting, you may not even need to get to grips with depositing – slot games for fun come to save you, because there is nothing to pay, not to mention that you do not have to undergo any registration process. Nonetheless, fun modes do not involve real-money rewarding so it might be a little frustrating to spin for hours without some handsome sweets to get in your pocket. And since banking, in general, is not a big deal now, why not spice gambling up with a few pennies. But if you feel like in deep waters with payments, this guide is going to clear the situation – learn about making deposits and withdrawals, popular banking methods and probable problems on the way.

First Steps: Depositing And Withdrawing

Please note that every bit of information about payments in this guide works bidirectionally – feel free to use the methods discussed further for both making a deposit and a withdrawal. But before we dive into a large pool of options, let us give you general instructions on how to access transactions. Go through the following steps to manage money from your account:

  1. Go to your account page firstly – design may differ from one venue to another, but you will always see something like ‘banking’, ‘deposits’ or ‘withdrawals’. Some casinos combine methods together, so do not get too surprised if you have to reach withdrawing through depositing.
  2. Find where exactly you can access payments and proceed to this page.
  3. Carefully look through a selection of methods presented there and select one that suits best for you. Do not rush in and make sure the selected method can be reached from your location.
  4. Depending on the option you choose, there will be different setups. Generally, for cards and bank transfers, you will be asked to provide digital information like card number or account number. Other methods, e-Wallets, for example, are usually processed via confirmation.  
  5. After that, ensure that you provided the right information – check digits, make sure the address bar is green.
  6. Once you have completed working with information, select an amount that you would like to withdraw or deposit – remember about limitations that casinos always set.
  7. Every banking method takes its own time – depositing is usually processed in a few seconds while withdrawing might take up to two weeks, depending on the method.   

Credit Cards

Options like Visa or Mastercard are available almost in every online venue out there – these are the most versatile methods to stick to. One of the greatest advantages of using a credit card is that the whole process can be completed within a couple of minutes – besides, credit cards provide safe and sound transactions in a highly secured environment. However, despite a wide row of pluses, there are some serious drawbacks to the method: fees and limits. Speaking of the former, a classic commission you have to pay lies within 2% of the amount you transfer, but some casinos are known to charge up to 15% that is borderline inappropriate. So never forget to make sure you will not have to pay through the nose because of commissions. Secondly, credits cards do not allow to process small sums of money – an average limit would be like $20.

Conclusion: go for credit cards only if transaction fees do not look like a robbery – less convenient options could give you the better commission.  

Bank Transfers

This method is half as common as cards and e-Wallets, but there is a formidable advantage of working with bank tellers – it is long, it is expensive, but it is the most trustable option among the whole variety. In case you do not mind relatively high transaction fees, bank transfers would be a far better choice compared to credit cards because everything is put under record and unprecedented safety. However, be ready to wait for a long while: depositing takes around 2 or 3 banking days while withdrawing could take you up to 14 days. What’s more, bank transactions are all reported to tax services that could be a certain problem for large amounts of money.

Conclusion: This banking method would be perfect for those who prefer secured payments above all – none of the methods has the same level of protection. But a jarring flaw is that the processing time seriously postpones your gaming session. Also, commissions and foreign currencies could be a stumbling block.

 

E-Wallets

 

This one has proved to be easy and very practical – cheap and fast e-Wallet transactions are chosen by every second casino player because of the number of favoring advantages. As for withdrawing, e-Wallets provide the fastest processing time, taking up to two 48 hours in general. In addition, e-Wallets have the lowest commission that allows you to process large sums without losing valuable pennies on the way to your pocket. As for depositing, most gamblers select e-Wallet payments due to instant time frames – it actually takes seconds for money to arrive to your account. Moreover, e-Wallets are great to manage low amounts such as $10. However, a serious drawback comes into this narrative: e-Wallets involve immense commissions because you have to process money through multiple funnels. Firstly, casinos take a bite, and then the payment system grabs a piece of your cake.

Conclusion: e-Wallets would be an inefficient solution if you transfer small sums because of double fees. To process large sums seems a way easier because you can almost instantly receive money and pay a commission to the top as a little ‘thank you’ for urgency.  

 

Banking Limits

 

When banking at casinos, you should always keep in mind that every venue has its own rules regarding how much gamblers are allowed to withdraw or deposit. Never proceed to banking until you get to know limitations to avoid subsequent problems.

 

Deposit limits: usually online casinos allow to deposit up to $5000 (other currencies in this range are available, too), yet this sum could be much higher with bank transfers. A minimum to go is averagely set around $10.

 

Withdrawal limits: there is a simple formula to count withdrawal minimums – take min deposit sum and multiply it by two. As for maximums, casinos tend to limit amounts to time periods. For example, you cannot withdraw more than $10’000 per month etc.

 

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Author: thegameofnerds

Where there us is no shame in having an unhealthy obsession about a fandom!

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