When you want to gamble online, you will probably want to use a credit card to fund your online account. There are many benefits to using a credit card, but there are also some negative aspects, as well. These tips will help you decide which payment method you should use for deposits and withdrawals, and give you the lowdown on using credit cards.
Benefits of Using Credit Cards at online casinos
Obviously, using a credit card is one of the most convenient methods of making deposits into your best payout casino account. You can deposit for free using the card, and can even make deposits of up to $10,000 on most credit card online casino websites. Additionally, most major credit cards are accepted at any online casino that you choose, both internationally and domestically.
Since you will be able to use the same credit card for your entire casino betting budget, you won’t have to worry about becoming confused about your money management plan, and you can even use the card on all of the different sites that you play games on with no issue.
Negatives of Credit Cards
One of the biggest drawbacks of using a credit card to make deposits in your online casino account is that you will only be able to withdraw using the same method that you used to deposit, and credit card companies will not allow a larger amount to be put onto the card. For example, if you deposit $100, you will only be able to withdraw $100 to the same card that you used for the deposit.
If you happen to win more than you deposit, you will have to wait for a paper check in the mail, which can be frustrating on some online casinos that require documentation of your identity to send your payments. The policy does vary based on the casino that you choose.
Other Payment Methods
Most online casinos also offer a wide variety of payment methods, including bank transfers, wire transfers, and even money order deposits. Some of these methods do have a minimum deposit amount, although it is typically only $25 or less on most online casino websites. If you want to use another payment method, you will want to check the site to make sure that that method is accepted.
Withdrawals Using Other Methods
While making a withdrawal onto a credit card seems a little complicated, you may also find that getting a wire transfer when you have made a deposit using a money order is also complicated. Some websites have a strict policy of only making withdrawals to the account that you used to fund your poker account, so you will want to read the fine print and ask questions before you make your first deposit to save confusion later.
Fees and Costs
When you use a credit card to fund your online new casinos account, you will find that there is generally no fee attached to making deposits and withdrawals. If you do find a site that charges a fee, it will be less than two to three dollars for each transaction that you make to and from your online account. If you have been charged a large fee, chances are good that a mistake has been made and you need to contact customer support.
You will need to pay the fees that are charged by the credit card company for any deposits that you make into your online poker account, however. Some fees, such as interest on the amount that you use, are charged from the credit card company rather than the online poker site and are non-negotiable.