Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

Depositing Funds to Your Online Casino & Poker Room Account - The Best Options


Ways To Deposit

When I first wanted to start playing in online casinos and poker rooms, I thought it would be as easy as 123 to start playing - surely all you need to do is to download the software enter your credit card details and away you go?

Well yes kind of, but you may already have seen there are a multitude of different payment and deposit methods available ranging from credit and debit cards right the way through to the good old snail mail check!

There are a range of options but it is vitally important that you choose the right one otherwise your casino and poker play may not be as rewarding as you first think.

Credit Cards

Historically credit cards have always been the first thing people think of when looking to deposit money - and why not - these days most of the major banks offer internet fraud protection and depositing via credit card is pretty instantaneous - so what is the problem - well there could be a few.

1, A lot of US credit card issuers now will not allow you to use their cards for gambling transactions, this is also now starting to hit the rest of the world with other big issuers.

2, Mastercard now prohibit winnings from being re deposited back onto cards bearing their logo.

3, Some banks both in the US and UK who do allow their credit cards to be used to deposit money, account for these transactions slightly differently and as a result charge interest differently usually with no interest free period and certainly in the UK with interest rates in excess of 21% AER.

4, There may also be limits with some online casinos and online poker rooms on the amount of money you can deposit and have re deposited back onto your card so if you win big you may not get it all back!

Debit Cards

Now becoming more standardised around the world but used heavily in the UK and Europe, don't tend to suffer the same restrictions as credit cards and of course because the money is coming directly out of your bank account - unless you have an overdraft facility you are not exposed to the excessive interest rates associated with credit cards.

Bank Transfers

Still used a lot to make payments for bills etc, one of the biggest issues with bank transfers is the time - funds are not moved immediately so you often have to wait before you can use your gaming account for anything upto five days - during which lets be honest the banks will be earning some interest off your money, and at the same time the banks will charge you for the privilege of transferring your money this way.

Online Payment Services

I guess Paypal may well have started this trend off but now there are a whole host of online payment services to choose from (Paypal incidentally not being one of them as when they were took over by Ebay they stopped allowing Paypal to be used for casino transactions)

The best known ones are Neteller, Moneybookers, Western Union & Stormpay but there are others such as Citadel.

All pretty much offer a similar service in that you open an account with them - for free and you can then deposit money into them using either a credit or debit card or by wire transfer etc, once you have deposited money into them you can then use this account to deposit and withdraw funds from your online casino or poker room account - in most cases immediately.

All have a range of different services attached to them and, obviously they have to make there money somewhere, a range of different charges - as an example I deposited 25 into my Neteller account from my UK credit card and was charged a 98p handling fee by Neteller - which was taken directly off the credit card - approx 4% charge which is quite a lot especially if you are depositing large amounts into the account.

However one of the main advantages of using services such as this is that you can accept money and deposit money in different currencies - all converted at the payment services conversion rates and you can use one account to fund a range of different casino and poker accounts - and of course one account to receive all of your winnings!

One final word of caution on this though - when using your credit card to deposit funds into your payment service account just check with your card issuer that they do not treat these deposits in the same way as they would treat a deposit to a casino and sting you with high rates of interest on the transaction.

Snail Mail Methods

Need I say anything - if you really don't want to use any of the above or you are scared about leaving your details on the internet then you can always send a good old cheque (check!) and wait for it to clear - some (not all) online casinos and poker rooms accept this method.

Conclusion

There are a myriad of different ways for you to enjoy your online gaming and deposit and withdraw money safely, if you do struggle to use your credit card then one piece of advice which the banks would kill me for saying is to balance transfer the money off your credit card into your bank account then use your debit card to deposit the funds (thus avoiding the hefty interest charges) - be careful though for balance transfer fees but this is a whole different article!

Andy Denton runs a number of websites including one specifically on poker strategy and poker site reviews - http://www.haveaflutter.com/ and also has extensive experience of working in the financial services industry.


MORE RESOURCES:

My Turn: On casino gambling, hypocrisy is rampant
Concord Monitor
Charitable gaming has also become very popular. It's a threat to regular casino gambling. The representatives who talk about addiction don't mention the smoker's addiction to smoking, alcohol consumption that can be purchased along our highways, etc.



Mayweather-Pacquiao Fight Boosts Casino Gambling Profits Above $1 Billion
CBS Local
LAS VEGAS (AP) — Huge crowds and high rollers in Las Vegas for the Floyd Mayweather-Manny Pacquiao fight helped Nevada casinos make more than $1 billion off gamblers in May. It was the first time casinos have hit that total in more than a year. Nevada ...

and more »


WPRO

Valicenti: Casino gambling arrives in Southern Massachusetts
WPRO
The first of several planned casinos opened in Massachusetts Wednesday, owners of the Plainridge Park Casino cut the ribbon on what is expected to be the steep competition for gambling operations in Rhode Island. The casino in Plainville sits within a ...
Massachusetts opens its first casino gambling hall, in PlainvilleThe Providence Journal
Casino gambling gets start in MassachusettsSalt Lake Tribune
Gaming panel leader sees $400m windfall for Mass.Boston Globe
U.S. News & World Report -Fox News
all 275 news articles »


NJ.com

Casino gambling in northern NJ is a smart decision, New Jerseyans still prone ...
NJ.com
Casino gambling in northern New Jersey is an unqualified necessity in order to strengthen our state economy. I do not believe that Atlantic City will suffer because northern New Jersey gamblers are mainly patronizing out-of-state venues anyway and the ...
Should Atlantic City try to block casinos elsewhere in NJ?The Reporter

all 40 news articles »


NorthJersey.com

Tedesco pushes for November referendum on casino gambling
NorthJersey.com
Bergen County Executive James Tedesco said Wednesday that he remains optimistic that a referendum on casino gambling in northern New Jersey can make it onto the ballot this November. But in a speech at the Meadowlands Regional Chamber of ...

and more »


nwitimes.com

Casino gambling revenue springs up 1 percent in May
nwitimes.com
Casino gambling revenue springs up 1 percent in May. Saved. Save Article; My Saved Items · Print Email. « Ameristar Casino Buy Now. » × Close Ad. Ameristar Casino. Buy Now. Ameristar Casino. Jonathan Miano, The Times. Baccarat dealer Lorie Giglio, ...

and more »


NJ Spotlight

Casino Gambling in North Jersey by Next Summer? Place Your Bets
NJ Spotlight
Prominent local legislators, business leaders, and union officials -- and a handful of Hard Rock electric guitars -- take the stage at the Meadowlands Victory Cafe to boost casino gambling in North Jersey. Representatives of Hard Rock International and ...
Meadowlands casino proposal stallsMyCentralJersey.com
Chris Christie placing bet on new casinosAsbury Park Press
Casino near NYC would shake up Northeast gambling marketMonterey County Herald
Cherry Hill Courier Post
all 328 news articles »


WABE 90.1 FM

Ga. Lawmaker Rolling The Dice On Casino Gambling In Georgia
WABE 90.1 FM
Ron Stephens, Savannah-R, is rolling the dice on casino gambling in Georgia, despite past opposition from state lawmakers. Stephens introduced legislation in March proposing a constitutional amendment to allow casino gambling in the state, as well as a ...

and more »


PolitickerNJ

Casino Gambling Can Benefit Newark
PolitickerNJ
ramo During the day, downtown Newark is a thriving community filled with office workers, college students and shoppers. But after 5 p.m. on most days, downtown Newark empties out on as workers rush home and shop keepers and restaurateurs roll down ...
Lawmakers pitch for a casino in Newark, push for November referendum on ...NorthJersey.com
Assembly OKs 5 bills to help save Atlantic CityAsbury Park Press
Baraka, Other Local Officials Push For Casino In NewarkCBS Local
San Francisco Chronicle (subscription)
all 106 news articles »


First the Braves, then BRT and then — casino gambling?
Marietta Daily Journal
Google the article “A Gambling Giant is Going Bankrupt, Proving Once and For All That Casinos Are Not Recession-Proof.” You will discover that the largest unit of Caesar's Entertainment Corp. (casino gambling) declared bankruptcy in January of this year.

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.