The Most Popular Deposit and Withdrawal Options Offered in Online Casinos.
The online casino industry has exploded in the past decade and will easily continue through 2021. There are thousands of games that can keep you busy all day and even make you win serious money.
That said, if you are new to the world of casino games, you should know that one of the most important things to check when joining an online casino are the payment options available.
While players prefer to pay with credit cards in some countries, others may want to use other ways, such as bank transfers, e-wallets, electronic check or cryptocurrencies. Read along to find the pros and cons about the 3 most popular casino payment methods and how to choose the best that suits your personal wants and needs.
An eCheck is a straightforward online payment. It works as the same way as a paper check does, but faster and more efficiently, as it is all completed electronically. Simply put, it does not have waiting times for postage and funds are transferred in a short period of days (usually up to 3 days).
Giving its advantages, instant eCheck is an extremely popular option for bettors in Canada. In fact, there are many canadian online casinos that accept echeck, including Jackpot City, Spin Casino, Royal Vegas, Zodiac and Golden Tiger.
Contrary to popular belief, eCheck is one of the most secure, effortless, comfortable, and cheap ways to deposit and withdrawal money in online casinos.
Depositing via echeck casinos canada is quick, easy, and often instantaneous. This payment method offers all the features required for you to make secure transactions, transferring your money directly from your bank account to the online casino of your choice, with low processing costs and higher deposit limits than other payment options.
Note that some online echeck casino Canada, like Platinum Play, for example, does not allow withdrawal via eCheck, so if this is your preferred method you will need other option to access your winnings.
Also, before making a deposit, do not forget to make sure you have enough money in your bank account to cover the eCheck, otherwise it can bounce due to insufficient funds.
Finally, check the casino’s “cashier” or baking page to find out whether it accepts eChecks as a funding method, as not all gambling sites do.
Credit Cards – VISA, Mastercard and AMEX
As internationally recognized brands, credit cards such as VISA and Mastercard provide a safe, easy, and quick way to pay gambling online, extremely popular at online casinos from all over the world.
Despite its safety and effectiveness, it should be noted that credit cards have high rates of interest and expensive annual fees. Besides that, some gamblers can get easily carried away with credit cards, creating a debt that is beyond their means to pay off.
Another downside of using credit cards is that when withdrawing winnings, you should expect approximately up to five working days for the funds to materialize in your bank account. It will actually depend on how quickly your online casino processes the withdrawal, which sometimes varies from casino to casino.
E-wallets are becoming increasingly common nowadays. Throughout the past few years, they have gained a solid reputation among gamblers, as being one of the easiest and comfortable payment options around, primarily to participate in online casino games. E-wallets are ideal for those who feel unsure about using their credit cards.
Opening an e-wallet account is often quite easy, takes little time and has no cost at all. Before it can be activated, you must input your information, which is then stored and used when the time comes to make the deposits. It is definitely very convenient and fast.
There are hundreds of different digital payment companies, used for differed circumstances. Neteller, Paypal and Skrill currently dominate the online casino market.
The classic downside when talking about e-wallets is that not all countries and online casinos accept them as a payment method. This provides restrictions to players who are active users of e-wallets, especially in the USA. Additionally, some casinos charge an extra fee for using e-wallets.