The Internet has changed everything around the world, from banking to shopping, sports to music. Online casinos are no exception to this change. They have seen an unprecedented boom in their industry in recent years. The convenience and ease of playing have seen online casinos expand massively all across the globe. As they progress and the market gets more and more saturated, online casinos are continuously looking for inventive and intuitive ways to set themselves apart from the rest, but one thing remains the same: the need for people to deposit and withdraw money on their platform.
This remains a crucial part of the iGaming process and can be daunting for new players. With so many different options and ways to pay, card payment methods can be confusing. But we have made it simple below with all you need to know.
Card payments in the online casino industry remain a fan favorite. Using debit, credit, or prepaid cards to deposit and withdraw money on online casino platforms is the most widely used banking option for gamblers. There are several reasons for this:
Credit cards allow users to borrow funds up to a certain limit. They then expect the customer to pay this back. Credit cards provide an extra layer of security for the customer and the gambler alike. Due to the nature of credit cards, there is often more leeway with banks when disputing fraudulent transactions, and there are increased security measures on many credit cards to prevent this.
Despite many using credit cards as their go-to option when transacting funds at online casinos, those in the UK cannot rely on this. In the UK and some other countries, punters are prohibited from using credit cards for gambling due to their policies around responsible gambling.
Debit cards are simply your standard bank card, where you have access to your current account and your everyday funds. Debit cards are preferred by many when gambling as they offer convenience and ease. Indeed, many know exactly what they have in their account, and it is easy to keep an eye on how much is being transacted. Nowadays, instant notifications can tell users when funds are being released from their accounts, and many prefer using debit cards for this reason, allowing them to remain on top of their gambling funds.
Another perfectly reasonable but not so widely known option for using at online casinos is pre-paid cards. Whilst not all online casinos accept these, the vast majority do, and some punters prefer to use these cards for the added layer of security and anonymity that they offer. Since they are not linked directly to your bank, they can offer control and security for the user. There are loads of different prepaid card options, and many use Visa and Mastercard, so you still benefit from the security of these businesses. As these are a bit more obscure, it is worth knowing if the online casino you are using will accept them.
When using your cards at online casinos, it is as simple as logging onto the online casino app of your choice, navigating to the deposit or withdrawal section, and entering your bank details. This should be easy to find and a simple process in general. The simplicity is not the only pro to using cards, and there are some cons as well.
You’ll want to make sure you co-operate with the online casinos that take security seriously. Checking for end-to-end encryption (SSL), using 2-Factor Authentication for logins and using licensed online casinos are all good places to start.
It is worth remembering that if you are using international online casinos, you are likely to incur an international currency conversion fee. It is worth checking this before starting to transact any money.
Checking if the casino allows your card for withdrawals is something every beginner should do. Online casinos regularly only allow certain cards for withdrawal despite permitting more for deposits. Making sure your card is compatible would be wise. This will avoid having to end up using an E-wallet or something similar.
Whilst cards are very much still the dominant method of payment for online casinos, many have started to make the move to using E-wallets and cryptocurrencies. This seems to be the future for the iGaming world, and getting your head around this to implement in the future could be a worthwhile endeavour.
Using cards as a payment method for online casinos remains the top choice for many bettors. Knowing how they work, especially for those new to the iGaming industry, is essential to make sure your betting experience is as smooth as possible. Doing your research and knowing all the information available to you is key to this. By making sure your card payments are seamless, you are much more likely to have a fun and enjoyable time when playing on the online casinos – and you might even take some cash home!
