As usual, when playing at online gambling sites, best online casinos will typically offer several different payment processing options. You can choose between debit or credit card payments as well as direct bank transfers like Neteller or Skrill for transferring funds from your paypal account to yours. In addition, many websites accept Bitcoin transactions in order to avoid fees on international transactions. For the most part, these methods are just as safe as any other way of making a payment so you’ll want to use whichever option works best and suits your preferences. Here is a list of some of the more popular ones:
Debit/Credit Card
Use this method if you prefer to go with what is considered the safest form of payment. If you don’t have a visa, mastercard or amex, then you may need to stick with a prepaid card that allows your player to buy chips with your cash. Once you receive your funds, simply transfer them to your paypal account and proceed with cashing out. The advantage of using a prepaid card is that there is no risk of fraud associated with such a transaction; however, you are limited to how much you can withdraw each month. Other disadvantages include paying higher fees than card-based methods.
Visa
This is typically the first choice for people who only make small purchases. Using it allows you to make online purchases without worrying about overdrafts or foreign currency conversion rates. It is also available at virtually every online casino site so you won’t have any problem getting it accepted. However, before making a purchase, ensure that the website is secure otherwise it could cost you tens of dollars!
MasterCard
Also known as chip cards, these tend to be cheaper than those made by Visa. They are used for small purchases, allowing you to enjoy the benefits of both credit and debit cards. They often appear less expensive than the equivalent VISA card though; however, they come with their own risks including security breaches resulting in unauthorized charges, which can lead to identity theft. Additionally, MasterCard does not provide support for certain foreign countries and can result in additional fees when exchanging currencies.
Neteller
This method allows you to send and receive money from anywhere around the globe via the internet. There are no restrictions on the amount that you can deposit or withdraw via this method. However, the disadvantage includes lack of customer service support after you place an order through the system. Neteller is usually quite slow compared to its competitors like PayPal, Skrill, Webmoney and others. Since it was launched in 1996, it has become the preferred way to send and receive payments worldwide.
Skrill
Also known as Moneybookers, skrill appears to be an easier user experience than Neteller. This means it’s quicker to get money transferred. Some players prefer this because it is more anonymous. They can even hide their identities using fake names and addresses. This is why skrill is great for gamblers looking to play anonymously. Although it has fewer features than Neteller, it still offers a fairly good customer service. This makes it ideal for players looking for fast payout times.
PayPal
Although PayPal is primarily regarded as a peer-to-peer e-commerce provider, many reputable online casinos accept it as a form of payment. You will find it as one of the most trusted forms of payment, especially since it’s popular amongst American customers. Many people use it when buying things at Amazon.com. It can be used for all types of transactions too with the exception of gambling. Also note that the transaction fee depends on several factors including the size of your purchase. For instance, if you want to purchase $1000 worth of items, you will pay $30 whereas, if you were to spend $10,000, you will only need to pay $2. As long as you do your due diligence beforehand, choosing Paypal should be relatively easy.
Bank accounts
Another option is to open up a bank account with your favorite online casino, depending on where you live. If you choose this approach, make sure that you have saved sufficient funds in your chosen account. Otherwise, you may end up losing money instead of winning it. Not only will there be no cash left over after paying out winnings, but you’ll lose interest during the time it takes to collect your winnings. In other words, it is important to set aside some time to allow ample time for deposits to clear. Once you’ve collected enough cash, then you can start playing games.
Webmoney
Webmoney is another alternative to traditional banking methods. It works much like PayPal, except that it’s available in more than 100 countries. The downside is that it is not as widely accepted as PayPal. This means that you might struggle to find a web site that accepts it. To ensure that you don’t run into any problems, check the terms and conditions of the website before depositing. Make sure that they state whether or not they accept Webmoney.