Online Casino Deposit Methods: Prepaid Cards

October 11, 2015 Jeff Mott

Online casino deposit methods are the third-party payment services that the casino use to allow players to deposit and withdraw funds at the casino. If you’re a casual gambler who simply enjoys playing casino games for fun, then there’s no need concern yourself with online casino deposit methods. But if you’re a player that is ready to wager for the chance at real money winnings, then online casino deposit methods play a very important role. In order to play the games there are generally three steps you need to follow. The first is to download or launch the casino software, the second is to register as a real money player, and the third is to make a deposit. The online casino deposit methods that are available to players varies from casino to casino. They range anywhere from credit and debit cards to e-wallets and prepaid cards. Because they are an easy-to-use payment option with great benefits, we’ll take a closer look at this particular deposit and withdrawal method.

Online Casino Deposit Methods: Benefits of Prepaid Credit Cards

One factor that makes prepaid cards one of the more appealing online casino deposit methods is that users aren’t required to supply the casino with their personal or financial details in order to use them. Many gamblers are very concerned about keeping their activity private and prepaid cards allow them to be totally anonymous when they are gambling at an online casino. The only downside to using prepaid cards is that they can only be utilized to transfer funds to the casino, it cannot be used as a means of retrieving your winnings. In order to transfer funds out of the casino players would need to select one of the other online casino payment methods supported by the casino.

Online Casino Deposit Methods: Where to Find Prepaid Cards

Another reason why prepaid cards are among the most popular of all online casino deposit methods is because they are so readily available. Prepaid cards are available for purchase at many retail locations. The cards are purchased for a specific amount, which can be advantageous to players that have difficulty managing their bankroll. Once the card balance has been depleted they can no longer be used. Therefore, there’s no opportunity for players to overspend, as they might if they were using one of the other online casino deposit methods such as credit cards.

Online Casino Deposit Methods: How to Use Prepaid Cards

Online casinos make it easy to use prepaid cards. When you purchase a prepaid card you are given a voucher that contains a unique number. Within the casino cashier you would then enter this number and select the amount of money you would like to deposit. Once the balance has been depleted you’ll need to buy another card in order to make additional deposits because you can’t simply add more funds to an existing card.

Like some of the other popular online casino deposit methods, prepaid cards are supported by hundreds of online casino sites. Prepaid cards are easy to purchase, simple to use, and a secure and private way to fund your casino account. Sometimes online casinos even offer special bonuses to players who opt to use this particular method. So, even though they can only be used to fund your account, prepaid cards can still be a great option, especially for players who deposit often.

The World’s Most Popular Online Casino Payment Methods

July 7, 2014 Michael Schultz

In order to generate maximum revenue operators will try to offer their players the best online casino payment methods. When it comes to deposit and withdrawal methods, players are mostly looking for speed, security, convenience, ease, and small fees. And, while there are a multitude of online casino payment methods available, there are only a few that are considered to be the best by players the world over. The online casino payment methods that are most popular with online gamblers are credit cards, the PaySafeCard, and also Neteller. We take a closer look at these top payment providers and more below.

Online Casino Payment Methods – Credit Cards

It should come as little or no surprise that credit cards, namely Visa and MasterCard, are one of the most favored online casino payment methods. The reason for this is simple; players are very familiar with credit cards and use them frequently in their day-to-day lives for any number of purchases. They are convenient because most people already have one or both of these cards in their possession, they know how to use them, and there are little to no fees applied to the transactions depending on the agreement the player has with the credit card provider. Even in cases where there is a fee, in most cases the fee is nominal.

Online Casino Payment Methods – PaySafeCard

Widely available throughout Europe, PaySafeCard is an extremely popular pre-paid card solution. PaySafeCard users can process payments by using the unique 16-digit PIN numbers associated with each card. Players can purchase cards in the exact dollar amount they desire. These cards are considered to be one of the more secure online casino payment methods due to the uniqueness of the PIN number, which makes it virtually impossible for the funds to be intercepted by a 3^rd party.

Online Casino Payment Methods – Neteller

Neteller is a very well-known brand and can often be found listed on the cashier pages of many online casinos. Neteller’s long history as an online payment processor makes it a logical choice for online casino players who enjoy instant transfers and complete privacy when it comes to their online financial transactions.

Online Casino Payment Methods – MoneyBookers

Formerly known as Moneybookers, Skrill is another one of the top online casino payment methods. Players can fund their Skrill account using a traditional method, such as a bank account or credit card. The transaction itself is carried out via e-mail. The level of anonymity this service provides, and the ease of use make it a popular option with players.

Online Casino Payment Methods – Ukash

Ukash is a voucher-based payment option favored by many online gamblers. The process is very simple and the account can be funded with cash. Similar to PaySafeCards, UKash provides users with a unique 19-digit code they can use to enter when performing financial transactions at an online casino. Once the account has been funded, transfers can be processed almost instantly.

Online Casino Payment Methods – Popularity by Country

The popularity of online casino payment methods listed above vary from one country to the next. Besides credit cards, namely Visa and Mastercard, which are the most popular in every country, other popular methods in 8 different countries are listed below.

Australia: Ukash, Neteller, Skrill, Poli, CitadelDirect, Skrill
Austria: PaySafeCard, Skrill, Neteller, ClickAndBuy
Canada: InstaDebit, EcoCard, Ukash, E-Check, CitadelDirect
Germany: PaySafeCard, Skrill, Giropay, Sofort, Neteller
Netherlands: iDeal, Skrill, Neteller, ClickAndBuy, PaySafeCard
Sweden: Neteller, Ukash, Skrill, PaySafeCard, Instant_Bank
Switzerland: PaySafeCard, Neteller, Skrill, MoneyBookers, EcoCard
United Kingdom: Neteller, Skrill, PaySafeCard, Ukash

Online Casino Bankroll – Managing Your Betting Money

May 28, 2014 Michael Schultz

Wherever you decide to play, and whatever game you choose, applying a consistent money management strategy will make your game-play more effective. Managing your online casino bankroll sensibly will allow you to stretch your online casino bankroll, giving you the opportunity to participate in more games than you would if you were spending mindlessly. Below are some essential components of good money management for you to us to get the most action for your gaming dollars.

Step #1 – Establish an Online Casino Bankroll

Money that has been set aside for gambling purposes is often referred to as a bankroll. When determining how big an online casino bankroll should be, players often base it on how much money they can afford to lose in the event they find themselves on a losing streak. You never want to find yourself in a situation where you’ve overspent and suddenly find yourself unable to meet your financial obligations such as paying your mortgage or your health insurance premiums or even just your grocery bill. For this reason, you can’t look to someone else to decide exactly how much money you can comfortable set aside and your financial situation is unique to you, and you alone.

Step #2 – Set a Session Limit

Risking your entire online casino bankroll when you sit yourself down to play at an online casino is pure madness. A much more sensible strategy is to define a set amount of money for each gambling session. This will ensure that the majority of your bankroll will remain intact in a worst case scenario, like a particularly bad run of luck. A good rule of thumb is to refrain from spending more than 5-10% of your bankroll during any one session. That way, if Lady Luck is not on your side, you’ll still have a reserve of 90-95% of your bankroll left, which you can use when the bad luck has run its course.

Limits for future sessions should then be based on the balance of your online casino bankroll. For example, if you alot 5% of a $500 bankroll for playing, thereby giving you a session limit of 25, and you lose, you would then take another 5% of the $475 remaining balance in your online casino bankroll, giving you $23.75 to play with during your next round of play. By applying percentages to your session limits, any amount of money that you put into play will always remain as an indication of the current size of your total bankroll.

Step #3 – Make a Plan and Stick to it

Keep in mind that just because you are only putting a conservative percentage of your overall bankroll into play, this doesn’t mean that you should spend recklessly. There should always be a betting plan in place so that you can maximize any deposits you make. Read up on the vast number of betting strategy articles available online, including right here on Dr-Casino.com. You can then determine if you want to follow one of these proposed strategies or simply split the money you’ve allotted for a particular session into equal units of ten, twenty, or more. This will allow you to place the same number of bets at the slot machines, blackjack or roulette tables, etc.

Step #4 – Know When to Quit

Winning or losing when playing at an online casino over the long-term can often be determined by whether or not you know when to walk away from the tables. If you find yourself routinely playing until your session limit has been eradicated, then chances are that you will inevitably lose money over a long period of time regardless of how often you win in the short run. But, if you learn to quit as soon as you start to generate a decent amount of profit, you’ll have an opportunity to profit in the long run as well. For instance, you might opt to quit playing should you double your online casino bankroll. Or, you could decide that a 50% profit on top of your session limit is sufficient. Whatever the scenario, determine when you will stop playing in advance and no matter what, keep to it.

No money management strategy on earth can guarantee that you will be successful at an online casino. However, the guiding principles set out above are much more likely to put you on the path to riches than if you were to play without exercising any technique whatsoever. Follow these suggestions for a month or so and you’ll discover what a difference a little money management can make.

Online Casino Winnings – How to Collect Them

April 23, 2014 Sarah Ryan

A major concern shared by players at online casinos is whether or not they will receive their online casino winnings. This is a legitimate concern. After all, with very few exceptions, online casinos are unregulated. It is not uncommon for them to disappear, leaving disgruntled players out of pocket. That being said, there are many operators who are in it for the long haul and who understand the importance of not only paying players, but paying them promptly. By exercising a little precaution, players are able to significantly reduce the risk of encountering any difficulties when collecting their hard-won cash.

Step One: Do your research

Anyone who believes that ignorance is bliss should think twice before playing at an online casino. Knowledge is power and learning what to expect from playing at an online casino is almost as important as knowing how to play the games themselves. Your first stop should be the casino’s website. More often than not, it will be packed full of useful information, inluding information about caching in online casino winnings. Before you register, check to see what level of customer support they provide. Ideally, service will be available via email, toll-free telephone, and live chat. Test them out. Send an email and track their response time. You should never have to wait more than 24 hours for a response and if you do, move on. Look for instructions on how the cash-in process works, how long you might have to wait to receive your online casino winnings. Also verify what deposit and online casino winnings withdrawal methods they support and whether or not there are any fees that will be applied when you withdraw the online casino winnings. And lastly, confirm if funds are taken from your account immediately or if there is a hold, and if there is a hold, how for how long will the funds be held.

Another valuable source for information are gambling forums. These forums will allow you to benefit from the research and experience gathered by seasoned gamblers. If a casino is playing games or behaving in any unusual or suspicious activity, they are likely to discover it first and are known to be vocal when it comes to a lack of satisfaction. If you don’t see any posts related to your casino of choice, create a post of your own and solicit feedback. However, make an effort to read through previous posts firsts as forum members are known to be somewhat impatient with other users who fail to do their own research before seeking advice.

Step Two: Keep a record of your deposits and online casino winnings

Once your homework is complete and you’ve settled on a casino with a solid reputation based on good customer service, and little to no fees for cash-ins, you can proceed to making a first deposit. It’s always a good idea to develop consistent habits right from the start, so document your first deposit and if you made your deposit using a credit card, make sure you verify your purchase. Be on the lookout for double charges, especially in the event that one of your deposits is declined. Take note of the date that you made your purchase, the time, the casino you are playing at, the total amount of the deposit, and the credit card you used to make the transaction. In the event that you spot an error, contact the credit card company or e-wallet provider and the casino right away. Include all of the information you have documented relating to the transaction and submit it via email so that you have a written record of the dispute. Do not include your full credit card number in the email. For example, simply state “credit card ending in “****0909″ as you don’t want to run the risk that your email could be intercepted and used by an unrelated third party hacker. Save a digital copy of the email and print an extra copy just to be safe. Oftentimes these cases can be resolved quickly and without further incident, but at the time it can be rather alarming and being prepared is your best defense.

Step Three: Understand the online casino winnings cash-in process

When it comes time for you to cash-in your online casino winnings, make sure that you follow the casino’s withdrawal procedures to the letter. Keep a clear record of every step of the transaction: dates, times, amounts, and keep a copy of any and all email communications between you and the casino as it pertains to your online casino winnings withdrawal request. This is critical, because the casino staff are human and can make simple clerical errors, and because technology isn’t infallible. Once you’ve made numerous transactions at a casino the chances that something might go wrong are limited, but if it’s your first withdrawal, mistakes can, and sometimes will occur. Depending on the amount of the cash-in, the casino may request that you fill out and sign a form. This form would likely document all of the purchases that were made before the online casino winnings withdrawal request was made. Once completed, you would then need to return the form via fax, accompanied by a copy of both sides of the credit card used to make the transactions, as well as a copy of some form of photo ID, such as a passport or driver’s license. This is pretty standard and the casino will not release any funds until this requirement has been met. Keep a copy of these forms for your personal records and make a note of the date and time you transmitted your information via fax. When procedures are carefully followed you should have no trouble collecting your cash.

Step Four: In case of emergency

Sometimes, due to no fault of their own, a player can encounter difficulty collecting their online casino winnings. If such a situation should arise, the first step in resolving the issue is to deal with the casino and the credit card or e-cash provider directly. When doing so, it is recommended that you keep your cool. Being diplomatic but firm can work, but not always. As before, document every step and all communication. If all else fails, you can try enlisting the help of a Players’ advocate to collect your online casino winnings. Organizations such as the Online Players’ Association will assist their members who are experiencing difficulties and players can also submit complaints to online casino watchdog sites, which serve as mediators in cases where there is a dispute between players and the casino.

Like anything else in life, there’s no guarantee that your online gambling experience will be trouble-free, but, if you’re proactive, informed, and well-prepared, you should always be able to collect your online casino winnings and it can be an extremely entertaining and rewarding pastime!

Online Casino Banking – Deposit and Withdrawal Methods

March 26, 2014 Sarah Ryan

Online Casino Banking Deposit and Withdrawal Methods Picking the best online casino banking option to use when playing at an online casino can be quite a challenge. No matter what method you consider, bank transfer, e-wallet, credit cards, etc., they all offer benefits. At the same time, there can be drawbacks such as privacy issues, processing delays, and exorbitant fees can make the selection process more difficult. If you’re searching for an optimal way to manage the transactions to and from your online casino account, just browse through this guide and you’ll get a clear indication of the advantages and disadvantages related to the most widely available, popular methods for deposits and withdrawals.

NETELLER: #1 Pick

When it comes to online casino banking transactions, NETELLER is the player’s top pick. NETELLER was established in 1999 and there’s no cost to join. Funding your account is easy and it can be done via international bank transfer, credit card and local e-wallet providers. Some fees can apply so be sure to read the terms carefully prior to funding your NETELLER account. Money can be transferred to your casino account instantly and once your account is sufficiently verified, withdrawals can be processed instantly as well.

Another factor setting NETELLER apart from its online casino banking competitors is their Net Prepaid MasterCard®. With this service you can collect your winnings right away without the need to wait on a bank transfer. There’s no charge if you spend the funds in your NETELLER account providing that the merchant supports MasterCard®. Or, if you prefer, for a nominal fee, you can withdraw your money from an ATM. There’s no annual fee to use the card, and never have to worry about overdrawing on your account.

Using NETELLER for your online casino banking also opens the door to unique promotions, from NETELLER’s own seasonal cash prize giveaways to reload bonuses on NETELLER deposits from certain casinos. Members will also benefit from the Rewards Points program: every time you move money in or out of your account you will earn 1 reward point for each USD or equivalent.

NETELLER features a top-drawer VIP program that offers additional benefits such as cash-back rewards of 0.5% extra every month, no-cost withdrawals, ten free deposits via credit card per month and as low as 1.25% in Forex fees.

Skrill

Previously operating under the brand name, Moneybookers, Skrill is a very popular online casino banking e-wallet provider that is available in many online casinos. A Skrill account allows players to easily transfer money to and from multiple casino accounts. Users can transfers funds to Skrill via bank draft (electronic transfer, cheque, or debit card) or by way of an international wire transfer, free of charge. Credit card deposits are also accepted, but these carry a small 1.9% transaction fee. Paysafecard voucher are available for a 5.50% fee.

Skrill also makes it possible for players to reverse money back to their bank accounts anytime, at no charge, or they have the option to use the funds immediately by way of the Skrill Prepaid MasterCard. With this service users can spend their winnings wherever the merchant accepts MasterCard. There is no charge for this service. Users can also opt to withdraw funds for a modest flat fee from any ATM. The care does require an annual fee payment of €10/£8.13.

Credit card online casino banking

Most online casino players prefer to deposit funds directly to the casino using one of the major international credit cards such as Visa and Mastercard because, for the most part, they are universally accepted deposit methods. In the event that you possess a credit card that is specific to your particular region, you’ll need to find an online casino that offers localized payment options.

By using credits cards for online casino banking players don’t need to sign up with a third-party payment provider and the majority of deposits are made instantly. The drawback is that in order to use the card players must submit sensitive personal data with each deposit. Furthermore, some casinos will not allow withdrawals to credit cards. So, in order to withdraw funds users may have to register with an e-wallet or initiate a bank transfer or request a cheque, both of which can take a considerable amount of time before the funds are received.

Some of the payment processors that service the online casinos apply a fee to each credit card transaction. Before using a credit card for your online gaming deposits, be sure to carefully review the terms of use, which are frequently posted on the casino’s cashier page, in order to fully comprehend which fees, if any, may apply.

Bank transfers

One of the most trusted and reliable payment systems available for online casino banking is bank transfers. Online casinos have used this method for years. There are many different types of bank transfers; international wires, ACH transfers in the United States, and SEPA transfers within Europe. An increasing number of banks also support direct transfers from one account to another online.

The biggest drawback when it comes to bank transfers for online casino banking is the amount of time it takes to process a transfer. It doesn’t matter if you’re trying to deposit or withdraw funds, either way a bank transfer takes a minimum of one business day to clear. Often it takes even longer. This is because the casino needs to handle each transfer manually.

Cash vouchers

A large number of “cash voucher” options are becoming more commonplace for online casino banking. This services makes it possible for players to make their online casino deposit with cash. Some of the better known cash voucher services include Ukash, CashU, and Paysafecard. There are even more brands offered in specific regions. Cash vouchers can be purchased in retail locations and, depending on the brand, you might also be able to acquire them from certain public terminals. Once you’ve paid for your voucher, you’ll get a code, which you will then enter via the casino’s cashier platform. Deposits generally clear instantly. If the voucher has a remaining balance it can be used at a later date.

Although they are both safe and convenient for online casino banking, cash vouchers are among the most costly of the deposit methods offered at an online casino. The providers charge a fee at the point of sale time of sale and the online casino will apply an additional fee at the time of deposit. These fees can really chip away at your bankroll. This is particularly true if you are a small stakes player.