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Article Index > Gambling With Real Money Online |
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The fact is that you can’t make money in an online casino unless you spend some first. What intimidates most people about gaming online is the money they deposit is not tactile (like putting a card in an ATM). The only way to get over this is to realize that billions of people transfer funds on the Internet every day. After you get over your initial fears of using electronic transfer methods (remember how weird it was to use an ATM machine for the first time) using these systems is a breeze
Most casino sites offer you several options for payment. Every online casino supports a different set of transaction methods. The most common options offered are –
Snail Mail -You can still mail a check on some sites but others are disposing of the option altogether. This is the slowest method due to the usual postal and check clearing delays.
Sending An Electronic Check (ACH) - Many sites accept ACH (internet slang for electronic checks.) You provide all of your checking account information. The check is then “written” out online. This allows you to deposit a certain amount of money to fund your bankroll with to the casino cashier. ACH transactions are usually instantaneous but charge a small fee of a dollar or two.
Transferring Money Via Third Party -This is allows you to make a direct online deposit to the casino. These companies accept deposits via an electronic check, bank wire or credit card. You have to set up an account with them and provide your checking account information. You may be asked to deposit two or three cents into the account so that it is verified. The drawback of this method is that initial account set-up and verification can take as long as a week. Also these companies charge fees over and above the handling fees.
Western Union is still a very popular way to fund casino accounts. You give the company your credit or debit card information as well as information about the poker room you want to play in. Western Union takes about a day to transfer funds but it typically charges 15% of the total transferred. This could prove to be expensive over the long term.
Charging with Credit and Debit Cards - This the most difficult way to fund your casino account. Some credit card companies decline the transfer of funds from a credit card to a casino because a few years ago casinos sued them when customers couldn’t pay up. Both Visa and MasterCard’s commonly decline casino gambling sites so don’t be surprised.
Phone Cards - Some sites also accept prepaid phone cards as payment in the same way you would use a prepaid credit card. You simply enter the details on the card the same way you would a credit card. Although this is not a common method of payment it is gaining in popularity because of its convenience. |
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