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Alternate Methods of Payment For Online
Casinos |
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If you live in a country like
the UK its easy to purchase online with your bank, debit or credit cards as
well deposit money into an online casino account or bookmaker. But there are
reasons why you might not want to, such as you fear security breeches from the
companies database, or you might be from a country like Norway. The Norwegian
government, like the US government, have instructed card companies not to
deposit money in online casinos for their citizens, unless of course they are
the state owned online gambling sites. This crazy enactment of law applies even
when these citizens are outside of their own country.
The good news is
that there are other methods readily accepted and some do not involve a bank
account in any way, so no trace of the money can be made to you or your
nationality. Many of the methods involve fees however and there are so many
online casinos and bookmakers out there, all with different options for deposit
and withdrawl, that it can be hard to use you chosen method. So
click here for reviews of operators
that take each particular payment.
Credit, Debit Cards
In
the UK its very popular to use debit cards for deposits and around the world
credit cards are most popular. These are straight forward and generally fee
free. However every online financial transaction gets given a code that
describes what the money was for and the type of merchant. These are known as
Merchant Category Codes (MCC). The code for gambling in general is 7995 and
some card processors will not allow the transaction.
There are however
some relatively new additions to the codes for state-run operations. 7800 is
for state-run lotteries, 7801 is for online casinos games and 7802 is for
bookmakers, betting and exchanges. Licensed and regulated operators can use
these as well.
e-Wallets.
There are many of these now including
Paypal, Neteller, Skrill, MyCitadel and ecoPayz all using multiple currencies.
These e-Wallet banking methods let you quickly and easily deposit at online
casinos without having to give the casino your credit card or bank details. One
thing to consider is whether the online casino allows withdrawls back to the
same wallet (because some don't), so do check. Also what are the fees as most
operators will charge in the region of 2%.
Beware that Paypal spent 12
years not allowing deposits for any form of gambling and only came back to the
market in September 2015. Now allowing them it does not offer payment
protection so you can not get your money back if you happen to use an
unscrupulous site in an unregulated place that refuses to pay
you.
Cryptocurrencies
As a virtual currency these only
ever exist digitally and offer anonymity. Bitcoin is the most famous but there
are a dozen or so challengers like Litecoin and some of these are likely to
gain popularity. However we only know of online casinos accepting
Bitcoins.
Bank Transfer
Most
online casinos will allow you to make deposits and withdrawals via a wire
transfer from your bank account. This can be a good method for large deposits
or withdrawals, though there is sometimes a small fee.
Prepaid
Cards/Wallets
PaySafeCard and others like PayNearMe offer complete
anonymity and and a very secure way to digitise your money. Hundreds of
thousands of outlets in many countries around the world allow you to buy
paysafecards with which you get a 16 digit pin that allows you to purchase
online or deposit in a casino. Generally these are smaller amounts up to
£250 or equivalent in other currencies. They also have an App which lets
you manage your account and find outlets to purchase cards or places where you
can use them.
Does not work with US pins for gambling though. Also
there is a fee charged if you want to refund the money back to yourself and it
is time consuming and you have to supply many details to get paid. So if you
use this method be prepared to keep your money in the account for a time that
allows you to win well or lose all as it is not a practical way to make
multiple transfers.
Cash
Bookmakers have become online
casinos as well as their traditional business. The big operators like Coral,
Ladbrokes, Betfred, Willliam Hills and PaddyPower all allow you to use their
shops like banks. With your account ID and password you can deposit cash
immediately into your account as well as withdraw money from the shop, totally
free. Once its in your account it can be used for anything the operators site
allows such as casino games, bingo and slots.
Mobile
Apps
Zimpler is a mobile account that you can set up in seconds on a
smartphone using just your phone number to which they send a verification code.
It does involve adding your card details but once done you can pay for anything
or deposit money in a matter of seconds with your phone. Other mobile payment
systems are available and will get more popular.
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