When the player wants to get his funds into a gambling website is called deposit and when he wants to get the funds out of the site, it is called withdrawal. Before deciding which payment option is best for you, you have to choose if you want to use the same option for both depositing and withdrawals. Some payment options, such as UKash only allows you to deposit funds so you need another method for withdrawals. If you want your gaming funds all in one place, Moneybookers is a good payment option for you. With the Electronic Wallet you can also deposit and withdraw money at the casino.
At the beginnings of online casinos (for example Softswiss Casinos — https://direx-casinos.com/en/), the credit card was the only way to deposit funds into a player’s account. Later, due to fear of money laundering, credit cards were no longer the most used way to transfer funds to online casinos, 60% of the issuing banks rejecting casino credit transactions. Even though the online casinos accept major credit cards, players are in favor of deposit options. There is a solution without any interference from the credit card company and it is called Electronic Wallet. This is an online bank account into which you can deposit money and then transfer it to the casino. Even though this solution adds one more step on the way to the deposit, there are some advantages. For example, the player can decide how much and on what is going to spend his money, having an overview on how much he’s spending on gaming.
The payment duration is different for every payment option the player wants to use. For example with online transfers like Moneybookers the transaction duration is between 2 and 3 days, with PayPal 3-4 days and with a regular online bank transfer is taking 0-5 days. The fastest deposit and withdrawal options are still credit cards and electronic wallets. There is a payment option that doesn’t need customer identification. It’s called Paysafecard and is based on a pre-pay system. It works by purchasing a PIN code printed on a card from local stores in most of the European countries. A PIN code can be used multiple times: and it ensures total anonymous use. This is a solution for users that do not have to have in their expenses records gambling websites. The player doesn’t need credit cards or bank accounts to use Paysafecard. Internet payments ensure absolute protection against data abuse. All major banks and financial institutions use unbreakable SSL Encryption technology to protect your online transactions, so your security and privacy is assured.
When it comes to security and privacy we all want our transactions to be kept safe and secure. Most of the online casinos (with no deposit bonuses in Australia and other) guarantee the following:
- Not to sell, give away, or otherwise communicate your personal or corporate information to any other persons or companies, except as necessary to provide you with the very best in service and products;
- To only use your personal details to provide you with information from our database, at your request;
- To provide you, the customer, with the opportunity to remove your information from our databases, at your request. All major banks and financial institutions use unbreakable technology to protect your online transactions, so your security and privacy is assured.