Different casinos provide various methods of deposit and withdrawal of money to your account in an online casino. Here we will look at some of the methods that exist at the moment. Also, many casinos offer to add to your first deposit some amount in the form of a bonus. We want to pay your special attention to bonus programs. In order to avoid misunderstandings, remember, you need to win back all the bonuses you receive from the online casino. For more details, you can read our article “Bonuses in online casinos“. Therefore, before making a deposit if you do not want to receive bonuses, simply refuse them by contacting online casino support. In order to make a deposit to your account, you need to enter the “Cashier” in the casino, then go to the “Deposit” section. Choose in this section the method by which you want to make a deposit and enter the desired amount. Each casino has a minimum deposit amount. Most often, it is $20. After a successful transaction, the deposit is going to be immediately added to your casino account.
There are slightly fewer methods of withdrawing money from the casino than the methods of making the deposit. Casinos perform transactions not immediately but after some time. In casino terms, the period during which the transactions are to be performed is specified. It usually varies from 3 to 7 working days. Usually, the casino sets a minimum amount that can be withdrawn in one way or another. Most often, it is impossible to withdraw less than $20.
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To withdraw money from the account, it is necessary to enter the “Cashier“, “Bank“, the section “Withdraw“, “Cash-out” and select the desired method. Remember one thing: before you withdraw your winnings in any way, you should at least once make a deposit using the same method. For example, you made a deposit in the casino using your credit card, and you want to withdraw the winnings in another way, you will be allowed to withdraw money only to your card with which you made a deposit. This applies to all withdrawal methods except checks and bank transfers.
Additional documents for withdrawing a prize from a casino.
For protection from scammers, the casino often uses such a thing as checking documents. Instead of receiving money, you can receive an e-mail, in which representatives of the casino or the company carrying out transactions, ask you to send some documents proving your identity.
A standard set of documents consists of:
passport or a driver’s license (Pictured ID) – an identity document (the page where you have your photo and name),
account statements on the Credit Card Statement (must contain your name, card number, sometimes also require a transaction with this casino to be displayed),
utility bill (with address and surname),
some casinos send out a document that must be printed, filled, scanned and sent back (Application Form, Fax Back Form).
These documents can be sent by fax or scan and by e-mail.
Just note that different casinos behave differently, sometimes do not require documents at all, and sometimes do once or from time to time. Nevertheless, if you do not send them these documents, your money will simply be returned to your casino account and then you will need to repeat the withdrawal process but already providing all the required documents.
Next, we are going to describe some popular payment systems, as well as a credit or debit cards, which also are supported by the online casinos.
Bank card (both credit and debit) – Visa or MasterCard.
You have to register the chosen card in the casino account so you could make your first deposit. Like the registration of a player, the registration of the card visually differs in different casinos, but the essence is the same. Registration of the card is usually to be made in the casino section: “Cashier”, “Deposit”, “Bank”.
You must enter the number, its expiry date and the name of the holder in separate forms. To improve the security of the transaction, some casinos also require the introduction of a special “CVV2” code. This is the last three digits on the back of your card, usually under a magnetic stripe. The address to be taken is usually the one specified by your registration, although sometimes you may be asked to enter it.
A few words about security. There is a theoretical possibility of unauthorized access to your card account, but in practice, there have been no such cases. If you are still afraid, try not to keep large sums on the card, use a separate card for the game or use the services of intermediaries such as “Skrill” or “PayPal“.
If you for some reason did not receive the deposit from the credit card, contact the support service, it is possible that transactions from your country were blocked. Fortunately, often the block can be removed just by sending documents.
It is one of the variants of the electronic wallet. It is accepted in almost all countries, money can be transferred by credit card or from an existing participant. The withdrawal of money can be made by check or bank transfer if you use the opportunity to do it with the help of the credit card. Money transfer within the system costs 1% (maximum $0.5). It is advisable to verify your account, for which you need to send a copy of your passport and a credit card. Many casinos pay out winnings on Skrill (moneybookers).
Usually, when you deposit, the Skrill (moneybookers) window opens. There you can quickly log in and transfer money that will instantly appear on the casino account. You can also simply transfer money to the specified address (Skrill uses an e-mail address as the Name/ID). Withdrawal of money does not require any action whatsoever. You indicate that you want to withdraw money, and after the casino processes the transaction, the money will be in your account. The withdrawal time takes about 7 days.
It is another electronic wallet. Unfortunately, there are very limited ways to enter money into your EcoPayz account. The most optimal one is a transfer from another member of the system because it is free and no commission for transfers is taken.
Money cannot be transferred from a credit card, only bank transfer and the Western Union, which are very expensive, are available but there is a possibility to make an internal transfer. The withdrawal of money is possible by using the check or by bank transfer (for $10). As with any other electronic purses, the transfer/deposit is to be made instantly.
Neteller is a virtual debit card. It has more opportunities for withdrawing winnings. It also accepts VISA cards.
The downside is that for the transfer of money from the card to the Neteller account, a ~3.9% commission is to be charged.
Cheque – Cheque, Bank Draft
If you have a checkbook, then you can write a cheque, put it in an envelope and send it to a casino address and you will receive money on your account in 2-4 weeks. In general, the way is clearly inappropriate. The withdrawal of money takes about 30 days; you will receive a check in the envelope by mail. The bank checks it for another 30 days and only after that will cash your money minus bank charges.
Bank Transfer – Wire Transfer
You are able to put money from your any type personal account (for example, from your credit card) to an account in the casino. Information concerning your account is located on the casino’s website. You can find out information about your account in the bank. Banks usually take 12…24 dollars for a transfer, and the transfer needs a few days to get finished. Not a very good solution for a deposit in the casino!
Let’s sum up a little. The most profitable method, in our opinion, is the payment system Skrill. Low tariff for transfers, high speed of processing of money transfer. Although someone may like to use a credit or debit card or another method – the choice is yours.