When it comes to online casinos there are some understandable concerns that every player has. First and foremost, what banking options are available. There are a few different payment options and knowing a bit about each is the best way to be sure you are getting the money you deserve and that you are playing with the correct casino.
The first payment option that is open to most players is of course bank transfers. These are easy for most sites to host as they do take the money directly from the site to the player.
This takes out a middle man and makes depositing and transferring money, no matter where you are playing, a bit easier than using a site that is exclusive to one country. This is a great option for those players that need something that is a bit more versatile than other payment options. Bank deposits do however require a bit more security on the casino’s end as they must protect the information of the players at all costs.
The next payment method is an e-wallet. Now in order to understand this payment method you must first break down the term and find out just what it is. An e-wallet is essentially an electronic wallet. These are generally hosted by a third party site that may take a portion of the money deposited and transferred in order to pay operating costs. These wallets are great for those players that may not have a traditional bank account from which they can make transfers or that may not have an account like a paypal or other money site. This type of payment option is good for the casino in that they do not have to protect bank information, this becomes the duty of the e-wallet site. One such site is something like Neteller or Skrill.
Still another type of payment is credit cards. There are a few different ways this can be achieved. First off, online casinos may allow players to cash out for a prepaid credit card when they reach a certain amount or they may allow players to keep a credit card open through their site that money can be loaded on to. This does limit what the player can do with the money as money loaded onto a prepaid card must be spent.
The last type of payment is through a site like PayPal. This is a virtual wallet of sorts but can also double as a seller account for online stores as well as a credit account and more. PayPal is somewhat universal and is available in many locations making it an easy choice. They do however take a portion of your money to help pay for the operation costs of the site.