Confused about Bitcoins and how to use them? Find out everything you need to know about Bitcoin and how to use it at Canadian online casinos.Read More
Online Casino Payment Methods
Banking at an online casino can seem a lot like hard work, but the truth of the matter is that it’s actually a lot more straightforward, and potentially safer, than depositing at a real life casino. At a live casino, in order to handle your banking, you will need to get up from your game, find an ATM, queue up, hope that you haven’t maxed out the ATMs withdrawal limit and then walk around with a large wad of cash in your wallet.
Banking at desktop and mobile casinos, on the other hand allows you to stay comfortably placed in your chair with an array of secure banking options at your fingertips. The time you save means you’ll be able to enjoy more of your favourite games.
Types of Payment Methods
Credit & Debit Cards
Players might find that if their credit or debit card is from an American financial institution it might be rejected, because it is illegal for financial institutions in the U.S. to be involved with gambling-related transactions. This will not necessarily prevent all transactions on such credit cards, but it might result in some transactions being flagged up and consequentially rejected. As American gambling laws are changing, however, it’s likely that this will become less of a problem.
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Electronic Wallet (e-wallet, web wallet)
The electronic wallet is an increasingly popular method for conducting banking transactions at online casinos. They allow you to deposit money into an online account, specifically created for online banking transactions, using your credit card or debit card, or by direct debit. Once funds have been placed into your e-wallet it is simple to use your new account to deposit money at an gambling site. Withdrawing money from your web wallet is also very quick and easy.
One of the main benefits of using an e-wallet is that you’re not revealing your personal details or bank and credit card details to any third party, as this information will remain between you and the wallet provider. It’s quite likely that you’ll be able to use the same provider for multiple online casinos or other online financial transactions, to pay for goods and other services, so finding one that you like can be extremely handy.
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Direct TransferDirectly transferring money from your bank account to the online Casino is a great way to make a deposit if you don’t want to share your personal details. You can usually action this via online banking, telephone banking or in person, so it’s certainly a flexible method. The time taken and cost of the method depends entirely on your bank, but for some people it’s the best option as it is completely secure.
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