Online Gambling Deposits & Withdrawals

When you register with one of the top rated bingo sites one of the things that you will be looking for is a good choice of deposit and withdrawal methods. Being able to quickly and easily deposit funds into your gaming account so that you can start playing straight away is very important, and having easy access to your funds when you want to withdraw is also paramount. Although in the early days of online gaming there were very limited payment methods available for players to choose from, over time it is easy to see how the online bingo sites evolved and started to offer multiple options for deposit and withdrawal. Today, most of the best online bingo sites accept an extensive selection of payment options, some of which even attract certain bonuses or promotions when you opt for their use. It is important to read the small print though, since some methods will take longer to process or may attract an additional fee.

How to Deposit Funds

Some of the main methods offered by the top bingo sites for deposit and withdrawal include:

  • Credit cards
  • Debit cards
  • E-Wallets
  • Voucher payment systems
  • Bitcoin
  • Cash transfers

Depositing Using E-Wallet Methods

E-Wallets like Skrill, PayPal and Neteller are generally popular with players as funds can be processed very quickly and safely, with only a low fee applied. Usually, funds are received instantly which allows gamblers to begin playing straight away, which is considerably more convenient than options like bank transfers which can take several days to process. However the downside is that not all bingo sites allow the use of e-Wallet methods, so if this is your method of choice you will probably need to shop around to find a site that is willing to accept your preferred option. The good news is that some sites offer an additional bonus for those who use e-Wallets, making this payment method an even more attractive choice.

Credit and Debit Card Deposits

Credit and debit cards are widely accepted among online bingo sites around the world, and using MasterCards, American Express and Visa is a breeze at most websites. As long as players stay within their card limit, this is a very rapid and safe deposit method to use. To make a deposit with a credit or debit card, all you need to do is enter your card number, billing address, CVV number and expiry date into the site and you are good to go. If you are hoping to transfer large sums into your playing account, credit and debit cards are a good choice, especially as no excessive fee is charged on the transaction. The downside with using this method for deposits is that you cannot withdraw funds to a credit or debit card. Instead, you will have to use a bank transfer or some other method.

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Depositing Using Prepaid Cards

Prepaid cards like the Paysafe Card are very like a credit or debit card, however they allow for more discreet gambling. You simply order a card, load it up with funds and then make a deposit at sites that accept prepaid Visa and MasterCards. You can reload these cards either online or locally, so they are extremely convenient to use and you can only use funds that are physically present in your account so there is no risk of accidental overspending. On the downside, some bingo sites will not accept all prepaid cards so you will need to check before registering that your preferred brand is available for use. You will also need to ensure that your card can be used for international transactions and online payments.

Using a Cash Transfer Service

Money orders are especially popular with American players thanks to the reliability of this method. Using Moneygram or Western Union may not be the simplest option, however you can rest assured that you are choosing a trustworthy company to handle your funds. To deposit using this method you will need to register for an account with the transfer service’s website and give a Money Transfer Control Number to the gambling site. The transfer should be processed fairly rapidly, however a fee will be charged which means that this method is best if you are transferring a larger amount as it is quite uneconomical to make several small payments.

Deposits Using Cryptocurrencies

Cryptocurrencies are becoming a more popular method of deposit and withdrawal at online bingo sites, with Bitcoin being the most common. The biggest advantage of this payment method is that it is anonymous, with no need for the player to be identified by their name or address, however there are still a limited number of websites that accept this form of payment, so if it is your first choice you will probably need to shop around.

How to Handle Potential Deposit Issues

Although depositing funds into your online gaming account is generally pretty easy, sometimes you may run into difficulties. For example you may find that the site will not accept your payment card, and if this happens you should check that you have enough funds in your account to cover the transaction, that you have entered the payment details correctly and that your card is cleared for online and international transactions. Another issue that you may experience is slow deposit processing when it takes longer than you expected for funds to be credited to your account. It is important to remember that some methods take longer than others for funds to appear in your gaming account, and deposits made via bank transfer can take as long as 5 days to clear.

Withdrawing Funds From Gaming Accounts

Usually, players find it very quick and easy to withdraw funds from their gaming account, especially if they opt for an e-Wallet method, however sometimes they may encounter problems. If you find that you cannot cash out from your chosen site you may need to supply certain documentation such as your ID, proof of address and copies of your credit or debit cards before you can claim your money. You may also find that some sites only allow a certain limit of cash withdrawals each week, so you need to check that you have not exceeded this level. If your withdrawal is being processed very slowly it is important to remember that cash outs take longer than making deposits, and depending on the method that you have chosen it could be up to 2 weeks before you see cleared funds in your account.

Jesse Fin
 

Jesse worked as a journalist for a large tv station in Korea in her past life. She now works full time at home as a blogger and loves to help her friends manage their personal budgets.

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