Playing at online casinos is one of the most popular pastimes in the world. However, despite this, there are still people out there that avoid playing at the sites, because they don’t know how to make deposits. We’ve taken a look at the best methods on the market at the moment for you to make a quick and easy deposit.
Traditional Payment Methods
Despite more modern methods appearing in recent years, more traditional methods are still the most used. This includes using debit cards and bank transfers to make a deposit.
Most sites in most states offer this option as the main way to pay. For example, you can find Michigan online casinos here, that allow for debit card payments to be made. It’s generally used, because it is comfortable for most people.
This level of comfort is appealing to people, especially people who aren’t completely used to using modern technology. However, there are plenty of other methods out there for people who want to try something a bit different.
E-Wallets
This is probably the most popular of the modern methods to make a payment. The most popular e-wallet that’s offered to players tends to be PayPal, this is because it’s pretty much the market leader, and it’s accepted at most online retailers.
There are other e-wallets available though, and some of the bigger alternatives for online casinos includes Neteller, and Skrill. All of these options offer instant deposits to player accounts, and they make it very simple to make a deposit without having to worry about safety or security.
In fact, it’s generally accepted that e-wallets have security that’s on a par with what banks can offer. This is certainly the case with the big players on the market such as PayPal, Neteller and Skrill. What e-wallets offer over more traditional methods of payment, is the ability to make faster withdrawals.
With a debit card or bank transfer, it can take up to 7 business days. However, an e-wallet will normally complete a withdrawal within a single working day. This is definitely a big positive to using these payment methods.
Prepaid Cards
These are a great way to make a deposit if you don’t want your bank to know you’re playing at an online casino. This is very important if you want to take out a loan, or get a mortgage as banks look on gambling as a reason not to lend to people.
So, by using a prepaid card, you are able to get the money added to your casino account without having to worry about it appearing on your bank statement.
However, this method does mean that you can’t make a withdrawal to the prepaid card. It means that if you want to withdraw your cash, you will have to use an alternative method.
If you use your bank card or a bank transfer, then this will still show up on your bank statement, so it will defeat the object.
However, if you use an e-wallet for your withdrawal, then it won’t show up where the money came from when you transfer it to your bank account from the e-wallet. So, it does mean that the overall process is slightly more in depth for players, but it does have obvious benefits.
Crypto Payments
This is the most modern payment method that’s available at online casinos. It’s also important to understand that not all sites will allow this to be used.
Because crypto is a relatively new way to pay for things, there are some online sites that either don’t want to, or are unable to offer it as a payment method.
The reason that they’re not able to use it to offer payments, is because some regulators don’t allow crypto to be used as a payment method. This is mainly due to fears about players remaining anonymous, rather than any worries about safety and security.
What crypto payments offer, is fast deposits and withdrawals, as well as high levels of security. The peer-to-peer nature of the blockchain, means that the transaction can’t be completed unless both sides agree to it.
This means that it can’t be hijacked by anyone from outside and players are protected, as long as they get the deposit address correct.
As this is the least understood of the different methods of making a deposit, it does mean that it can sometimes be hard for less technologically minded people to use.
As such, it’s a method that should only be used if you have a full understanding of crypto. This makes it a very useful deposit method, but also one that players should be careful with.