How to Choose Payment Method

November 4, 2010

One of the most important aspects of online casino gaming is banking. Playing casino games is a lot of fun, especially winning, but none of that can happen if you do not have your banking situation squared away.

Here is a quick overview of the most popular online banking options:

Credit Cards: Using a credit card, like American Express or Visa for example is likely your beset deposit option. You will likely not have to sign up and be approved for any other payment method because most already have an eligible credit card in the first place. Every online casino on the web takes credit cards and you should have no problem having the transaction going through. The only real negative to depositing with a credit card is the potential interest you will have to pay, it is a good idea to immediately pay off your credit card with money from your bank account, effectively avoiding interest.

Click2Pay: Click2Pay is another emerging online gaming deposit option. It is instant and you do not need to pre fund your account. You will have to sign up for an account, which should not be a big deal. Click2Pay offers fast and easy service and is my second favorite banking option for online casino gaming, behind credit cards.

Neteller: Neteller is another banking option that seems like it has been around for ages. Almost all casinos accept Neteller and they have and established history, which is also important. Unfortunately Neteller no longer serves citizens of the United States or Canada, which rules out a large portion of players.

Moneybookers: Moneybookers is a much better option than Neteller for most. They operate in over 30 currencies and have a very competitive pricing structure. The best way to keep your Moneybookers fees down is to operate in just one currency. Signing up for Moneybookers and getting started is a breeze. All in all, if you are turned off by credit cards and you’re looking for a different, more unique option Moneybookers is a great choice.

Western Union: Western Union is likely the most unique option of all of the ones listed. You will receive a western union card which works as a debit card, you can send money to online casinos or other people with cards at one of their 50 thousand different locations. Western Union has a decent fee structure but they will definitely not let you get away without paying fees if you make any transactions. They are not a bad option but I see Western Union as a fallback option if several of the options above do not work out for you.

All of the above options are viable and accepted at most online casinos it is up to you to make the final decision. You want to go with a banking option that will make banking an afterthought after you having everything set up. Constantly worrying whether your deposit will go through and how many fees you will have to pay for a service can really take away from how fun playing casino games online can be.

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