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Learn About Deposit and Withdrawal Options at Online Casinos

Posted On: Feb. 14, 2013

So you've decided to start trying your luck at real money casino gaming online. You've created a free account and you're ready to start playing. There's just one problem: you need a way to get money into your casino account. Fortunately, it's in the casino's best interest to help you do that, and most gaming sites offer a spectrum of choices for both deposits and withdrawals. Which one is right for you? That depends on a few factors.

The most commonly used method for transferring money is credit cards. Most casinos accept Visa and MasterCard at a minimum, and transactions done by credit card tend to be fast and secure. Many online casinos will make a card used for deposits into the default method for withdrawals as well, giving you relatively quick access to any winnings you might earn. In place of credit cards, debit cards carrying the Visa and MasterCard brands will sometimes suffice, as will prepaid cards backed by those two companies.

In places where credit cards are not accepted (the United States being the most notable), a wide range of electronic money transfer services usually steps in to fill the void. Chief among these are eWallets, which maintain their own balances but handle all of the transactions over the internet. Popular services like Neteller and Skrill operate in this way, as does PayPal, though it generally can't be used for online gaming purposes.

After the eWallets comes services that transfer money from a player's bank account to a casino account, either as a direct transfer or by use of an eCheck. These methods have the advantage of cutting out any middlemen but also hypothetically carry the risk of exposing some of your personal banking details. As a last ditch method, wire transfers can also be used, as can a check (for withdrawals only).

The money transfer options at any given casino usually vary in terms of speed and fees, so be sure to investigate all of your choices before committing to one. You can save money and time by being informed.