More Online Casino Withdrawal Methods

March 13, 2011 | Article Category: Casino Banking

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Apart from using debit cards, bank transfers and checks to withdraw online casino funds, there are other widely used methods that are available to online casino players. These other methods can be used if the online casino offers the option, and if it is acceptable according to the law of the country in which the player is located. Players should take the responsibility to check any charges that may be connected with online casino withdrawal methods before signing up with an online casino.

Pre-paid ATM Cards

It is possible to use this method to withdraw funds from an ATM, however, the fees are fairly high, usually including an annual fee, and a fee per withdrawal. For those who wish to use pre-paid phone cards instead of pre-paid ATM cards, it is important to note that even though this method of depositing funds is similar to having a pre-paid ATM card, it is dissimilar in that it is not possible to make withdrawals using the pre-paid phone card system.

PayPal

Although PayPal stopped accepting online casino deposits and withdrawals from online gambling sites some time ago, stating their reason for doing so as "the uncertain regulatory environment," it is sometimes possible to use PayPal in online casinos in Europe.

e-Wallet Solutions

Essentially, an e-wallet solution is one in which players hold an account with a third party that is not their bank. The player makes deposits and withdrawals via this third party. The e-wallet company then transfers the deposits and withdrawals to and from the online casino. Many e-wallet solutions allow players to use their funds for online shopping too. Some e-wallet solutions allow players to withdraw winning via debit cards if the player cannot or does not wish to have the funds placed in their bank account.

Transfers, Bank Drafts, and International Money Orders

For those who need to have money deposited or withdrawn from an online casino, it is possible to use a number of methods direct from a player's bank account. These methods include write transfers, bank drafts, and international money orders. International money orders are particularly useful when the players need their funds sent to them in a country different to the one in which their online casino is based. Waiting time and bank charges vary according to the banks that are effecting the transfers.

Checks are most likely one of the simplest ways to withdraw online casino funds, even though the waiting time may be longer than when using other methods.

Many online casinos have minimum and maximum amounts that can be withdrawn. Players will need to check this, along with checking that their chosen withdrawal method is approved by the online casino, and the country in which they reside.

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