Online Casino Deposits and Withdrawals— A Helpful Guide
Part of the things that you’re going to do a lot when you play at an online casino, is deposit money to your account and make withdrawals. If you intend to place real money bets to get the chance to win real cash when you play and eventually win in some of the games, then you’re going to need to add to your bankroll.
The process should be simple enough but if you’re a first-timer, it does help when you know what to do and which options to go for depending on your preferred payment method. Below are some of the things you need to remember when depositing money to and withdrawing money from your account for the very first time.
Making A Deposit
Depositing money to your account should be a simple enough task to do. Credit and debit cards are considered the most common payment method that online casinos accept. Visa is generally the most preferred card for most online casinos.
If you don’t have a credit card or a debit card for that matter or you just don’t feel safe with the fact that you’ll be inputting such sensitive information for your online gambling activities, then you’ll be glad to know that most casinos support a variety of other payment methods. Among the most common options that will be available for you include payment alternatives like PayPal.
You may also use a prepaid credit card if you feel more secure that way. For players outside the US, options like Neteller are quite popular. They basically work the same as Paypal where you register your banking details with the payment provider so your sensitive information isn’t going to show up when topping up your bankroll at the online casino.
Processing A Withdrawal
Once you have successfully accumulated quite a reasonable amount as far as your winning go, you might want to start withdrawing your finds. There are several ways that this can be done and different online casinos may have their own respective methods on how to process these requests. Among these methods include:
Processing an online casino withdrawal via check is going to incur a withdrawal fee. This could range between $15 and $30. Most casinos are also only going to allow you to withdraw your funds once you have accumulated the minimum amount. Most set $50 as the minimum withdrawal amount.
The check is going to have to be mailed to you so you’re likely going to have to wait for a few weeks for its arrival.
Credit Cards Or Alternatives
All you have to do is process the withdrawal so the money gets transferred to your account. Depending on your bank, the length of time that it would take for the money to be reflected in your account can vary. Most will generally require an average of 3-5 business days of processing time. also, there may be a transaction fee of about 3% of your withdrawal amount.
You also have the option to process the withdrawal via wire transfer so the money gets directly deposited to your bank account. There’s also going to be a transfer or transaction fee. If you’re lucky, you might end up with a casino that will actually offer you added incentive in the form of bonuses if you will decide to withdraw your winnings through this method.