How to Choose Your Online Casino Payment MethodPublished July 17, 2013
Online gamblers should understand which payment method suits them.
You are about to start gambling online. You have chosen the type of activity you wish to engage in (casino games, sports betting, poker, etc.) and the operator that offers the products and promos that suit you. Now all you must do is choose which payment method is most convenient for making deposits and withdrawals.
Three Categories of Payment Methods
Payment methods generally fall under three broad categories: credit cards, debit cards and e-wallets. Of course, there are also options like wire transfer, but we wish to talk about the three most popular methods in this guide.
Credits cards are the most obvious payment method for online transactions, given that most people already own a Visa, Mastercard, Amex or other card issued by their bank or credit card provider. Making a deposit to your online casino account with your credit card is the same as shopping at the mall with your card – you will see the amount on your next bill.
Debit cards are an increasingly popular way of purchasing goods and services such as online casino credits. Like credit cards, these are just plastic cards you can carry around in your wallet. The main difference is that the value of all transactions is deducted (debited) instantly from your connected bank account.
E-wallets have become the main alternative to the traditional payment methods, and are particularly popular with customers of online casinos, sportsbooks and other gambling operators. There are many different e-wallets (or digital wallets) out there, but each follow the same general rule: you fund them separately and then use them to fund your account, without having to share your banking details with your gambling operator.
Singaporeans Like These Options
Like their counterparts from other countries, Singaporeans are bug users of credit cards like Visa and Mastercard, whether it comes to land-based or online purchases. However, they have also adapted quickly to the leading e-wallets. The most popular digital wallets in Singapore tend to be Skrill (Moneybookers) and NETeller, although dozens are available on the market.
Withdrawing Your Money
Regardless of which payment method you choose, making a deposit is easy and only requires that you have (or can commit to paying) the funds that you wish to deposit. On the other hand, making a withdrawal is a little more complex and requires that you read the rules for your chosen payment method. The best operators should ensure quick and easy withdrawals. If you are unsure about anything to do with withdrawals, you should check your online gambling operator’s Payments page or contact their customer service through phone, email or live chat.