When you want to gamble at land casinos, all you have to do is arrive with a pocket full of cash or make use of a nearby ATM, and you’re ready to go. However, it’s a little more difficult if you want to gamble online on sites such as Novibet, because you first have to deposit funds into your online casino account before you can play.
And here is where online casino banking comes into the picture. Once you have registered your own real money account, you must choose the best and most efficient way for you to transfer playing funds into your account. And there are many options.
However, it’s important that you understand that not all online casino banking methods are accepted by all online casinos, and that not all deposit methods can be used by all online gamblers. In other words, some banking methods can only be used by players that live in certain countries or use certain currencies.
Here is a quick reference guide to the world’s most popular online casino banking methods:
Arguably the most popular online casino banking method in terms of Visa and MasterCard and in some cases Diners Club and American Express. The benefit of credit cards is that they are fast and efficient, and boast reasonable bank charges. VISA can be used to make withdrawals, MasterCard cannot.
Pretty much the same benefits and features of credits cards, except that debit cards must obviously contain funds for transfers to be processed. VISA, VISA Debit and VISA Electron can be used to make deposits and withdrawals, Meastro and Solo can only be used to make deposits. Neteller works in a similar way to Skrill and is a very popular banking option for most casino players.
Also an eWallet, Skrill has taken off as an online casino banking method because it’s a quick, reliable and diverse payment method that processes over many different currencies. Plus, all you need to sign up with Skrill is a valid email address. Deposits and withdrawals allowed.
Also an eWallet, EcoCard is a fast, reliable and convenient online casino banking method you can fund using a bank payment, Western Union transfers or PrivatMoney transfers. Plus you can transfer unlimited funds into your EcoCard account. Deposits and withdrawals allowed.
This is a ‘Virtual VISA’ that works the same way as a regular VISA card at online casinos. All you have to do is load your Entropay account with funds using your regular credit or debit card, and then you’re ready to use it any online casino that accepts it. Deposits and withdrawals allowed.
As its name suggests, eCheck allows you to make safe and secure deposits to your online casino account directly from your bank account in real time. All transactions are instant and automatic, and are of course literally ‘paperless’ Withdrawals are not allowed.
Another electronic check, Instadebit is quick and easy and is a fee-less online casino banking method. All deposits are transacted in real time and all of your personal information is kept private and confidential at all times. Withdrawals are not allowed.
Ukash (merged into paysafecard)
Like a prepaid card, you need to fund your Ukash account and you can do so by buying Ukash vouchers at over 300,000 payment terminal around the world, or alternatively online. With Ukash no registration is required and your funds are available instantly. Withdrawals are not allowed.
UseMyBank (now called UseMyFunds)
This top-rated online casino banking method can be best described as a ‘bridge’ between your personal online banking system and your chosen online casino. Interestingly, this one of the most favored deposit methods by online gambling fans in Canada. Withdrawals are not allowed. (Withdrawals are available only for those with Canadian bank accounts)