|
This Casino Portal and Guide brings you the latest online casino news, reviews of web-based casinos and online
casino games in a clear, no-nonsense way.
|
|
|
|
|
|
|
|
|
|
 |
***PAYMENT GUIDE*** |
 |
| |
The different ways of paying online casinos
|
|
| |
The four ways of paying an online casino are a) get your bank to send money directly; b) pay via credit card; c) pay via debit card and d) use an account set up at a ‘payment system provider’. Most people today choose the fourth option. End of story? Far from it!
Before you choose which financial service to use, you need to understand the differences between them - then evaluate the best one for you. We’ve added this web page to our ‘Payment Methods’ page (http://www.gamblux.com/bankingMethodsCatalog.asp) to give you a broader look at the whole issue of how to pay online casinos.
Tips in choosing a payment method
In the online gambling environment, you’re looking for security, discretion, low costs and fast processing.
- Ensure that the financial channel operates in your country and that you have both withdrawal and deposit services.
- Check how much it costs to use the service. Is it free or are you being charged a commission? You should not be paying anything to make deposits to a casino.
- What bonuses do online casinos pay you to use one payment method in preference to another? Perhaps many of these payment tracks are the same to you and therefore what counts is how much extra money you can get.
- Check the time it takes to make financial transactions. When you deposit money, how quickly can you play? When you win, how fast does the money get to your account?
How do online casinos like to get paid?
The short answer is: the quickest and most secure way possible. Many casinos are willing to pay an extra bonus for channels that involve the banks directly – bank drafts and wire transfers. However they also offer bonuses for using a preferred payments system provider (maybe they get added benefits from them?).
The one channel that casinos try to avoid is credit cards, because In some countries (like the USA) they are banned and in other countries their use for gambling and gaming is restricted.
More about the different methods
Credit Cards – this is not a popular channel with casinos. In the USA, credit cards cannot be used for gambling and gaming, and in other countries their use is often restricted.
Debit Cards – An example is a Pre-Paid ATM card. You buy it for a one-time modest fee of tens of dollars and then upload it with funds. Each time you use the card, funds are deducted from your positive balance. The big advantage here is that there are no credit checks, total privacy and the user has 100% approval. There are no restrictions on what kind of purchases the card can be used for. Online casinos like it because it represents ‘secure money’, with minimal fuss to getting paid.
Direct Bank Services – Bank drafts and wire transfers, organized via your bank, are very secure transactions. That’s why you can get extra casino bonuses for them. On the other hand, these transactions tend to take time to be processed and you have a bank record of where your money is being sent. You may not want that.
Payment System Providers – These are private companies, often set up with the gambling industry as a key target area, that act as ‘facilitators’. You open an account with them, deposit money and then use this account to deal with the various casinos that you use. Some of the major names here are NETeller, FirePay and Click2Pay. All these services accept credit card payments. You can use these services to make payments anywhere. Find out how much commission they charge.
An important benefit with them is that you need to use a User Name and Pasword to enter your account. You also have a separate User Name and Password for your online casino account. So this double level of security prevents identity theft of your credit card or banking information.
In summary
There are many ways in which you can pay online casinos. The important factor is to choose the right combination of convenience, security and privacy. Paying a small commission may be worthwhile to use a superior and proven service.
|
|
|
|
Sign-Up Bonus |
|
|
Welcome Bonus |
|
|
Online Tournaments |
|
|
| GambLux CASH HIGHLIGHTS |
 |
 |
|
|
|
| GambLux GAMBLING SURVEY |
|
|
|
| DEAL OF THE WEEK |
|
|
|
|
|
|
|
|
|
|
 |
Copyright © 2005 GLX. All rights reserved. |
|
|
|
|
|