Banking For USA Players
One of the first issues to face when attempting to play games on line is how to make deposits and withdrawals from your online account. This can be a special challenge for USA players, who are often trying to navigation both state and federal regulations in signing up for accounts in the first place. However, it is not impossible to find a banking option that will work for you.
There are a number of different banking options that are available to the standard player. To understand which method is going to best meet your needs, it is helpful to have at least a passing knowledge of all the options currently on the market. This quick and dirty review should help guide you as you make your choice of banking options.
eWalletXpress
eWalleyXpress functions in a way that is not unlike PayPal. eWalleyXpress serves as the secure storage location for your personal account information, allowing you to transfer money online instantly without revealing all of your personal data. Even better is that eWalleyXpress allows real-time access to your money, so that you don’t have to wait days for “funding transfers” when you want to start using your money right away.
Wire Transfer
Wire Transfers cut out the middleman and allow you to move money directly from your bank to a casino. To complete a wire transfer, you will need to know the routing information for your bank and your bank account. There is generally no fee associated with a wire transfer, and you can’t transfer more money than you actually have, which can be a useful budgeting limitation. However, a wire transfer does not instantaneously move funds, and you may have to wait 1 – 3 business days for the transaction to process, depending on your institution.
Mastercard, Visa, Amex, Diners
Do you pay your credit cards off in full every month? If yes, then using a credit card to fund a casino deposit can be a reasonable proposition. You may even earn bonuses on both ends, with matching bonuses from the casino and frequent flyer miles, cash back or points from your credit card provider. Do you carry a balance? If you do, it may not be wise to use your credit card to make a casino deposit. The 14 – 28% interest rate can be doubly punishing on losses you’ll be carrying around for months. While whipping out the plastic can be convenient, it could be worse for your wallet than losing at the craps table.
Western Union
Western Union sites are available throughout the US, and you can find the nearest location by checking online or watching for the little Western Union signs. Essentially, you present cash plus a transaction fee to the cashier, and Western Union creates a money order or money transfer to move the funds. While this can be good for limiting your spending, it is not an immediate transfer like some other methods available.
Special In-house Methods
Some casinos have special in-house methods that they use to help guests fund new accounts or new deposits. Phone transfers are one option, but be sure to ask the support team for additional details about your funding options.