For an online gambling operation (and even for online poker rooms) player deposits and withdrawals constitute one of the most delicate issues. After all, how can an online gambling entity expect to attract high numbers of depositing players if they fail to provide everyone with the handiest method to upload funds? People are generally not too keen to get any of their money online for any reason, so in order to make the sale, the casino has to provide a wide array of deposit and withdrawal methods, which are certain to satisfy the needs of all potential customers. No casino can afford to lose a single real money player on account of the limited funds-transfer options offered.
Anyway, let’s see some of the deposit and withdrawal methods casinos offer and the advantages or disadvantages they carry.
Credit cards represent one of the most common solutions to depositing money into an online casino account. Credit cards are generally accepted by all online casinos (at least VISA and MasterCard are) and payments are fast and commission free. The only problem paying through credit cards poses is that you’ll have to give out sensitive personal information in order to complete the transaction. Nowadays, when personal privacy is more and more encroached upon, keeping sensitive information away from those you transfer money to for whatever reason, is an increasingly popular demand. If you’re trying to withhold sensitive data from your online casino, credit card deposits do not represent a viable option for you. This doesn’t mean you can toss the plastic aside though. You can still use them for deposits, only you need to insert a buffer entity between your credit card and your online casino.
Such buffer entities are called e-wallets. Neteller and Moneybookers are such ewallet solutions, but since Neteller has pretty much withdrawn from online gambling I’ll take Moneybookers as an example. Creating a Moneybookers account will only take a few minutes of your time. Before you know it, you’ll have a fully operational e-wallet, to which you’ll be able to upload funds through a variety of ways. You can use the good old fashioned bank transfer if you wish, but you can also use your credit card to upload funds. It is true that there’s a small commission on credit card uploads, but once you get the money into your e-wallet account, you’ve pretty much created a stealthy, instant and 100% reliable solution to transfer money online to any e-shop, online poker room, online casino or online gaming facility. Lately, e-wallets are accepted by online auction sites too, which turns them into a one-package solution for all your online financial needs.
Most of these e-wallets feature limits on the amount of money you can transfer (in order to prevent money laundering and fraud) but those limits can be expanded relatively easily.
The great thing about them is that you can use them for funds withdrawal as well, which means stealth works both ways and an e-wallet cash-out won’t carry the fingerprints of the casino where you win your money.
Checks can also be used for withdrawals together with a whole bunch of other options, but none of them beats e-wallets. E-wallet withdrawals usually charge people a very small flat fee.
Remember, if you’re an online poker player, always sign up for a rakeback deal before you begin playing.
Deals like the Entraction rakeback or the Full Tilt rakeback will make certain you always have money to withdraw at the end of the month (provided you’re at least a break-even player).
