Online Casino Banking – How to Fund Your Casino Account
On this page, we look at the various casino banking methods available to players.
To be able to play at an online casino you need the ability to fund your casino account and also be able to withdraw any winnings back to your bank or e-wallet account of choice.
Obviously, this is a pretty important aspect of playing at a casino online. Additionally, you need to know what is required of you the first time you initiate a withdrawal from a casino.
This includes the type of security documents that you may be required to send to the casino to verify your identity. It is standard practice for all casinos to establish who you are to prevent fraudulent activity on their sites.
All the casinos which we recommend on online casino reviewer are established reputable operations which are located and based in solid upstanding gambling jurisdictions.
Whilst this page covers deposit and withdrawal methods of casinos, we have also a resource for players, featuring those casinos which offer instant casino withdrawals upon making a withdrawal request. On this page, we list those recommended online casinos which we have reviewed on OCR who ensure fast payment of withdrawals.
Within the next few weeks we will be expanding on the information on this page, to include dedicated pages on each casino banking method listed below.
Bank Cards – Debit & Credit
The most popular method for players to fund their casino account is by using a bank card, although I would recommend not using your credit card.
After all, you should find yourself in a position to ‘borrow funds’ when gambling online.
Should you find yourself ‘having’ to use your credit cards to fund your gambling, please take a moment to read our responsible gambling page.
All casinos of note accept this method and it is also a very quick process, meaning your funds are in your casino account instantly upon making a deposit.
Should you choose to use a Bank Card to fund your account, any subsequent withdrawal you make from the casino will be returned to the card used to make the initial deposit.
You are able to request a withdrawal to another account or e-wallet. However, a casino will return at least the total amount deposited to the original source, before transferring any remaining balance to an account of your choice.
Boku – Pay by Mobile
Boku is a pay by mobile service which allows customers to use credit on their mobile phones to deposit into an online casino.
This method is slowly becoming more popular with casinos, although boku betting sites lead the way as far as this service goes.
However Boku does have its limitations, you can only make relatively small deposits at a time. There is a maximum limit set per day, and per week which to be honest could be needed to help customers keep control of their spending.
For contract phone users the money used is added to your mobile phone bill, for PAYG users any amounts are taken from your balance instantly.
Clearly, this option is only available to make a deposit to a casino. It can’t be used to withdraw winnings and would you really want that much credit on your phone? To withdraw you have to talk to customer support who will find an alternative method for you to cash out any casino winnings.
The best well-known e-wallet in use on the internet is Paypal and after several years of not allowing any transactions related to online gaming, has once again made a return. With Paypal now being an option for UK based players to use to fund their casino accounts.
The majority of the recommended online casinos on OCR accept Paypal as a method to deposit and also to be used as a means to action any cashouts and withdrawals.
The main advantage Paypal has over the other wallets listed below is that upon withdrawing your funds from Paypal once they have been received by the casino, they hit your bank account instantly.
Like all e-wallets though, Paypal does charge a service charge for receiving any and all withdrawals from an online casino.
However, you are not charged by Paypal for making a deposit to an online casino.
After Paypal which I have covered directly above, the next most popular e-wallet for players to use is Neteller. Like Paypal though, Neteller cannot be used by residents of the United States to fund their casino accounts with.
Neteller has been online now for over a decade and provides players with a secure and straightforward facility to fund their casino accounts.
Any deposit made via Neteller are credited immediately and you will find that making withdrawals from a casino back to your Neteller account is a very quick process. For instance, there are several online casinos that process withdrawals to Neteller account almost instantly.
Neteller also provides the option for their customers to apply for a prepaid MasterCard. This card can then be used to withdraw from cash point machines funds from your Neteller account. Or alternatively to use in shops and online to pay for goods and service.
Along with using my Debit Card, Neteller is the other method I personally use to fund my casino accounts with.
Formerly known as ‘MoneyBookers’ Skrill is another fairly popular e-wallet which is accepted at the majority of online casinos. Skrill is authorized and regulated by the Financial Services Authority in the UK, thus providing reassurance to customers.
Whilst not as popular as Paypal or Neteller, Skrill nonetheless does provide players with another funding alternative.
A note of caution though which would be remiss of me not to mention. There have in the past been raised by customers of Skrill whereby their Skrill accounts have been hacked and accessed illegally.
Indeed a friend of mine who also happens to run a casino website had this occur a couple of years ago.
The individual that accessed his account then proceeded to empty it of its funds. Unfortunately, he was unable to get the money back from Skrill.