Banking Options
Whether you're banking, purchasing a product or funding an account, you want your money to be secure when using any online system. You must deposit funds into your account in order to wager for real money. Once you have money in your account, you may use those funds to place wagers. When you make a wager, the amount is automatically deducted from your account. Any winnings are instantly credited to your account. You can make a withdrawal or fund your account anytime. When withdrawing funds, you can leave a balance or empty your account completely. Here are a few banking options that you might want to consider when funding your account:
- Neteller: www.neteller.com - This is a mostly free service and nearly all casinos accept Neteller, and most casinos will even give you a bonus when you use it. Withdraw your money instantly by using their debt card, and receieve free wire transfers to your bank. You'll need to specifiy a checking account with them and you need to verify a deposit Neteller will make into your account (takes about a week to set-up). Neteller will charge you a dollar per transaction when using your debt card. NETeller has ceased the transfer of gambling funds for U.S. players. These players may still use their NETeller accounts for non-casino gaming transactions. NETeller will continue permitting gamblers not residing in the U.S. to transfer funds to and from online casinos and other real money gambling sites.
- Firepay: www.firepay.com - Firepay will give you instant account access but you need to verify a deposit to your existing bank account. It take around a week to get everything setup properly. Firepay has a lot of different fees for deposits and withdrawals so it can be used mostly as a backup to another service.
- Credit Cards: - The good thing about credit cards is that you can play right away and you don't really need the cash in the bank. You can also earn mileage or other products and services from the use of your credit card but be aware that you are easily tempted to gamble with money you don't have. Also, in the U.S., it is illegal for money institutions to use their services for gambling.
- ePassporte: www.epassporte.com - This is without a doubt my favorite service. I've had some problems getting funds transferred out to my normal bank account but usually they have the problem resolved in a day.
- ECO Card: http://www.ecocard.com/ - ECO Card is an alternative to credit cards. ECO Card is virtual debit card widely accepted at online casinos, and can be used to make deposits, withdrawals and transfers. The card can be funded through bank payments and alternative payment methods, such as Western Union and Money Gram. It is free to make deposits (bank fees and international charges may apply) and imposes a flat fee of $10 for withdrawals to bank accounts.
- ACH: Automated Clearing House is an uncoded payment processing system. While it is possible to transfer funds to and from online casino gaming accounts, ACH is primarily used for receiving withdrawals of casino deposits and winnings. It is available to residents of North America, and is available at most Microgaming Casinos.
- Bank Drafts: Numerous online casinos will accept bank drafts, covering the costs of processing and shipping into a players account. Casinos that permit bank drafts will have specific instructions on how to initiate a fund transfer. It will likely entail mailing a personal check to an Express Funds Processor for the casino, who will in turn, transfer the funds into a bank draft at the online casino. Players can FedEx or priority ship their check, which the casino cashier will reimburse into the players account. All account and mailing information will be supplied by the online casino.