20
Jul
Author: scott // Category:
Online Casino
There are a lot of options available for making a deposit at an online casino. Though using a credit card is the most obvious and most popular choice, it’s not necessarily the best choice. For one thing, some credit card companies do not allow their cards to be used for online gambling transactions. Also, racking up credit on that card can result in high fees from the eventual interest. A more direct form of payment can be good.
Many online casinos allow you to use e-wallet transactions, where you open an account with an e-wallet company and then transfer funds from a credit card or from your bank to the e-wallet. The e-wallet then transfers the money to the online casino, ensuring that everybody gets paid. When it’s time for the withdrawal, the casino pays the e-wallet account.
Glue Pay is a payment option that is quickly becoming more popular at online casinos, though. Glue Pay is not another e-wallet site, like UseMyWallet and eWalletXpress. Instead, Glue Pay is an instant bank transfer system. The company is used to instantaneously transfer funds from your bank account to an online casino and vice versa.
Glue Pay does not have a limit on the amount of money you can transfer. There is no waiting period, so the funds are available immediately and you can access them 24 hours per day, 7 days a week.
As more online casinos begin accepting Glue Pay as an option, that will give players more payment choices. A smart player determines what payment options are available at a casino before joining. The method of payment that is best for you depends on your individual circumstances.
10
Mar
Author: scott // Category:
Uncategorized
Many believe that electronic checks, or e-checks, will become the primary deposit method for online casinos, especially those that deal with American customers. Since the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, many financial institutions are weary of getting in trouble with the feds for being used for the transfer of funds from “illegal” online gambling. Their worry hinges in large part on the fact that UIGEA does not either make any gambling illegal or clearly define what types of online gambling are illegal. Since the law is so murky, there is the potential for abuse.
For that reason, Visa and Mastercard have both started blocking all transactions between American customers and online casinos, sports books or any other online gambling sites. Other credit card companies may follow suit and even if they don’t, Visa and Mastercard make up the vast majority of the market (with Discover and American Express a ways behind).
There are, of course, other options for making electronic payments. There are a ton of e-wallet sites out there, but some people don’t like using them and for some, they are difficult or tiresome to use. For that reason, many prefer to use electronic checks. To pay by e-check, players only need to enter their checking account number, routing number and social security number (to confirm their identity) on the website. E-checks are even often used to transfer funds on e-wallet websites, so in those cases a casino that allows e-check payment would be cutting out the middle man.
There are not currently a lot of online casinos that offer payment via e-check, though Lucky Red Casino and Aladdin’s Gold are two that do. In the near future, experts believe that a majority of online casinos that serve American customers will have e-check payment as an option in order to avoid losing business. Some sites even offer incentives, such as bonuses, for paying via e-check, since it is cheaper for the casino than a credit card payment.