Thanks to the wonders of the Internet, making purchases online has never been easier. Many payment options are not only reliable but also fast and easily accessible, making online banking the norm for everyday purchases. Almost anything can be purchased online as long as you have the required banking accounts and funds. Online casinos have needed to ensure the safety and security of player’s money, as it is an industry that deals with millions of dollars’ worth of funds on a daily basis. Legitimate gambling sites like Roxy Palace Online Casino accept a variety of reliable and trusted banking solutions, including credit and debit cards, e-wallets, prepaid card services, Bitcoin and more. In this article, we cover possible deposit options you may have at online casinos to help you decide the best one to suit your needs.
Using a credit or debit card to fund your account at online casinos is probably one of the most popular methods as almost anybody using Internet banking has access to either a debit or credit card, or both. MasterCard, Maestro, Visa and American Express are probably the most popular cards out there as it is very fast and completely safe, as long as you are playing at a safe and legitimate online casino. Making a deposit with Visa or MasterCard is simple, as you just have to supply the casino with your billing address, card number, expiration date and CVV code. While these payment methods are generally safe, the drawback is that you may not be able to withdraw from these accounts and you will probably have to set up an additional payment method like PayPal or Neteller to cash out and there may also be a waiting period, which is standard when making withdrawals. Overall, credit and debit payments are the most popular options for a reason and allow you to transfer massive amounts of money without having to pay excessive fees.
E-wallets are extremely popular at online casinos thanks to high processing speeds and low fees. The online casino will usually receive your funds immediately once transacted, which means you can start playing instantly without having to wait around. That being said, e-wallets like Neteller and PayPal are very fussy about online casinos and gambling as well as accepting funds from certain countries with strict gambling laws. If you are playing from a country where online gambling is illegal, the chances are that this deposit method won’t work. Additionally, some casinos may offer a bonus to players who choose to make a deposit using an e-wallet, so it is a good idea to check with your online casino to see if they offer this bonus.
Prepaid cards are similar to debit and credit cards but are a bit more discreet regarding privacy. Most online casinos that accept debit and credit cards will also accept prepaid cards, so all you have to do is get a card, load it with funds and start playing at your favorite online casino. These cards can be reloaded locally and online. Not all online casinos accept prepaid cards or only accept certain cards available on the market, so make sure your online casino accepts your prepaid card before making a commitment to the site. Additionally, make sure that your card has been cleared for international and online transactions, as certain domestic-only prepaid cards are not allowed at online casinos.
Cash Transfer Services
Money orders are another popular choice for online gamblers, particularly American players. The best thing about making a payment via the Western Union or MoneyGram is that it is extremely reliable and safe. Sending money via money order is a little more complicated than the other methods and requires you to first register your credit card before contacting the casino’s support staff and requesting the payment information. Once you have made the transaction (which includes a few more steps), you must send the Money Transfer Control Number to the casino, and they must confirm the transaction. Remember that these methods usually require a fee, so it is best to only use cash transfer services for bigger amounts. If you prefer, you may visit your local financial institution to make a cash transfer, eliminating the need to create an online account or using your credit card to fund it.
Bitcoin is an open-source digital currency that is slowly becoming more and more available in the online gambling market. The currency was introduced in 2009 and offers completely anonymous banking. This currency is not controlled by the government or any financial institutions. Bitcoin started out being kind of gimmicky but has become a global phenomenon with a total market capitalization exceeding $10 billion at the end of 2013. Trading your bitcoins for traditional currency is simple and requires you to visit one of the numerous bitcoin exchange sites on the Internet, although the exchange rates are not fixed and are constantly changing. While the majority of online casinos doesn’t accept bitcoin, the industry is slowly warming up to the idea of bitcoins, with more online casinos accepting it as a payment option.