Casino Payment Methods
Ever since the gambling industry opted to have a presence on the Internet, there has been an explosion of online casinos worldwide. Online casinos are truly global entities and attract customer from different parts of the world. All casinos require you to sign up with them and open an account, regardless of how you want to play – for fun or for real money.
When it comes to playing for real money, how does a casino accept money from, say, a player in Thailand? What is the currency accepted? How does the player deposit money into his account and withdraw winnings from it? One of the keys to success for an online casino is to be as player-friendly as possible, and one of the ways it achieves this is by providing players with a number of payment methods.
Check the menu on the left for complete details on each of the payment methods available to you on the left.
The Need for Multiple Payment Methods at Online Casinos
Why would a casino want to support multiple payment methods? The reason is simple: because the more the payment methods supported, the more convenient it is for players to deposit money into their accounts. Take, for instance, a scenario where a casino supported only a couple of transaction methods. What if a player wanted to join this casino to play for real money, and then found out the methods that the casino supported did not work in his country? The player lost a chance to play at this online casino, and the casino in turn lost out on a prospective customer, a lose-lose situation for both parties involved.
Supporting multiple payment methods increases a casino’s appeal as well. As with most other situations in life, first impressions matter even for online casinos. When a player is checking out a casino for the first time, he will definitely feel better seeing that it supports a large number of payment options as against just a couple, just the same way as he will love to see a casino with 300+ games against one with just 20 or so.
How to Choose a Payment Method – Useful Tips
So you really like this casino that supports multiple payment methods, most of which work in your country. So which method do you go for? Do you just spin a coin and decide, or are there any pointers to follow when choosing a transaction method? While there are no hard and fast rules to choosing a payment method, except of course that it should work at your location, there are a few things you should keep in mind when choosing one.
The key points to keep in mind when looking for an online transaction method to use are that it should be a completely secure method, guarantee you total privacy, have minimal processing time, and also not have too many costs as charges for using the service. These are the general points to keep in mind when you are wondering which method, out of the different ones available, you should use.
How to Chooose a Payment Method – More Useful Tips
There are other things to keep in mind as well, of course. For instance, one thing you should definitely check out is whether the method works for both depositing as well as withdrawing money. There are a number of methods that work only for depositing money, and these are not advisable to use, even if they fulfill all the criteria mentioned above, simply because it means you would have to hunt for another option when you wish to withdraw your winnings.
Another thing to keep an eye out for is the amount of bonus involved. A large number of casinos offer what is called an alternative deposit bonus. What it means is you get a bonus for choosing certain payment methods to deposit money into your account. The amount or percentage of bonus varies from one method to another, usually. If everything else about the online payment methods is the same to you, then the differentiator could be the bonus you get. For instance, if the bonus for depositing with method X was 10% and that for using method Y was 15%, and everything else was more or less on equal terms for both these methods, you would do well to choose method Y.
Different Payment Methods at Online Casinos
There are multiple payment methods you see at online casinos, but all of them can be categorized under the following four heads:
- Credit cards
- Debit cards
- Direct transfer/wire transfer from your bank
- Payment system provider
The last one has within it all the different alternative payment methods you usually come across at online casinos – NETeller, MoneyBookers, Click2Pay, ClickandBuy, UKash – the list is huge. A large percentage of online casino players use alternative payment methods because of the flexibility and ease of use, apart from the bonuses attached.