Before selecting an online casino brand for gaming, it’s essential that players research the available deposit and payment methods. Players must be able to locate methods that will work, no matter the type of casino being utilized. Several factors must be considered when selecting a banking method, from security to time frames per transaction. Potential issues should also be considered to avoid any major pitfalls.
Deposit and Payment Methods for Online Casino Sites
Several banking methods stand out above the rest as the best options for adding and removing funds from your accounts. The top methods make it easy to deposit money for gaming and withdraw prizes. Below are the few more common banking types used by real money and sweepstakes sites, popular for their security, ease of use, and limits.
Debit/Credit Cards
Most online gaming sites accept debit or credit cards as a form of payment. Visa and Mastercard are the most prevalent types, followed by Discover and American Express. This method is convenient and offers instant transaction times. The only downside is that debit and credit cards are often only available for real-money casino deposits and Gold Coin purchases at sweepstakes casinos.
E-Wallets
Sites also offer e-wallets for transactions, with PayPal and Skrill being among the most popular. Fund the e-wallet with a debit/credit card or online bank account and easily use the method for deposits or purchases. Such transactions are typically instant. For prize redemption, Skrill and PayPal can both be options, with players able to earn payouts in 24 hours or less in most cases.
Online Banking
Another popular method is online banking. Players can add an online checking or savings account to deposit or receive prizes. The bank account number and routing number are required. Payments are typically instant, but payouts can take 3-5 days to complete.
Consider the Type of Gaming Site
With knowledge of common banking methods on offer, it’s time to consider the type of site for gaming. A real money casino will require a deposit to access games. You must add $10-$20 to begin, and once you earn wins, a real money payment can be made to redeem your prize money.
Players also have access to sweepstakes sites. Providers like McLuck Casino or High 5 Casino offer players minimal banking methods for redeeming prizes. A deposit is not required, and players can redeem real money once enough eligible Sweeps Coins are provided.
When reviewing your banking methods, it’s important to consider the type of site you are playing at. Are deposit and payment methods required, or will you only focus on redeeming prizes? The platform type being used dictates which methods will work best for transactions.
Problems That Can Occur
Whenever players deposit funds or try to claim prizes, problems can occur. It’s important to recognize potential issues so they can be avoided. Below are a few of the most common problems players face with banking and online gaming sites.
Declined Credit/Debit Cards
Sometimes, credit or debit card companies do not want to allow online gaming transactions. Payments may be declined due to blocked payments, so it’s suggested that players contact credit card companies to find out what is allowed. It’s also smart to ensure there is a high enough credit limit on a credit card and enough funds in a bank account to use a debit card for payments. Insufficient funds are another common issue for payments that can easily be corrected with a check before beginning a transaction.
Low Maximum Limits or Withdrawal Amounts
Players should always note the limits for depositing and removing funds. Online casino sites will have a minimum and maximum amount you can deposit. If you try to add too much, the transaction will be declined. Always note the limits when adding funds and complete a transaction with an accepted amount.
For withdrawals, you want to be sure that the site offers higher max amounts, especially if you win a big prize. If not, you must break down a prize into several payments.
New Players Take Note
New players to online casino gaming should always take note of the available options at a gaming site. What methods are offered for depositing and withdrawing funds? Are there any pitfalls to those methods? Completing a few minutes of research will ensure that any transaction is completed quickly and without delay!
