To be able to gamble for real money at online casinos, an online gambler must back up his play with real cash, and the first thing he does is to make a real cash deposit to his chosen online casino. An online gambler has many options in doing this and each has its own pros and cons. The variables to consider are speed, cost, safety, local laws, and reliability, among others. The traditional means used before and are still being used today are credit/debit cards, personal check, and bank wire.
Credit/Debit Cards Credit/debit cards used to be the most popular method owing to its ease of use, dependability, cost, and speed, but after the United States passed the UIGEA (Unlawful Internet Gambling Enforcement Act), the law that prohibits bank to process transactions emanating from gambling activities, its popularity dwindles. Credit card companies nowadays disallow US citizens to use the cards for cash deposits to gambling sites in compliance with the Law. As a consequence, US players are finding that deposit attempts are rejected even if funds are available. Nevertheless, there are still plenty of online casinos that accept credit cards.
Personal Check A good number of online casinos today still accept personal check as a deposit option, and those who do have to bear the limitations owing to its nature. For one, this deposit method is slow as it would usually take a number of days for funds to clear. Besides, the use of personal check depends to some extend on the player's geographic location as there are places unreachable by the service.
Bank Wire Most casinos accept bank wire as a deposit method owing to its safety and reliability. Its use however is limited to the geographical locations of both players and casinos as state laws play a heavy influence on its use. In some areas, like the United States, players may find banks refusing to provide this service. Besides it would take some times before the fund becomes available for play. Banks also charge service fees that make it uneconomical in small value transactions.
Electronic Payments Solutions Depositing money at online casinos even became easier and better with the introduction of e-wallet solutions and other forms of electronic payments. These payments system is funded via a number of methods such as bank wire or credit card. In this system, a player can move funds in and out of the on-line account, and so deposits to casinos can be made, and funds from the casino can also be returned to the account. A number of these e-wallet providers have become popular like NetTeller, Click2Pay, EcoCard, and UseMyWallet, to name a few.
With the advent of UIGEA, all forms of deposits to gambling sites became difficult to use, particularly for US and Canadian players. Nevertheless, there are still e-wallet providers like UseMyWallet to name one, that accept US players. In response to UIGEA, online casinos have become creative in looking for channels of online payments. A gambler may discuss with an online casino regarding depositing options before opening an account with them. Casinos want their customers to be happy and as such will be more than willing to discuss the best method acceptable to the players
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