Money For Lunch – Top Three Ways To Fund Your Online Casino Account

Top Three Ways To Fund Your Online Casino Account

February 26, 2018 10:25 AM0 commentsViews: 18

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Online casinos have enjoyed a major boost from advancements in technology over the past few years, with the leading websites unrecognisable from what was previously available.

In addition to the developments in games, there are now a vast array of payment methods available, with dozens of different options ensuring every player can securely fund their account.

Debit/credit cards have been the most popular payment method in recent times, but Bitcoin and electronic wallets (e-Wallets) have seen a big increase in use over the past few years.

Read on for our top three ways to fund your online casino account.

Debit/credit cards

Debit cards deduct funds directly from a payee’s bank account, although there is often a delay of a couple of days before transactions show up on your bank statement.

Payments can be refused if there are insufficient funds in the account, making this a useful way to keep control of your finances.

Credit cards allow users to make a purchase ‘on credit’. The service provider pays the merchant and payment is made by the card holder at a later date.

Most credit cards charge fees and interest for their use and they can be an expensive way to fund your gambling.

Both types of cards are the most popular way of depositing and withdrawing funds from the online casino at Starburst, with Visa and Mastercard the two most well-known providers.

Bitcoin

The virtual currency first came to prominence back in 2009. Bitcoin uses decentralised technology for storing money and secure online payments that doesn’t require banks or people’s names.

The system operates on a public ledger called blockchain which holds a record of all transactions that is accessible by all users of the network.

Users generate blocks on the network to create bitcoins which are created cryptographically by harnessing users’ computer power. These are then added to the blockchain, letting users earn by keeping the network running.

Many online casinos now accept bitcoin payments. Established exchange services like Bitstamp, BTC-e, or Kraken allow you to purchase bitcoins, charging a commission that is much smaller than those applied to e-Wallets.

Depositing money into your casino account requires the transaction to be confirmed by the blockchain, but this usually takes less than an hour.

e-Wallets

An e-Wallet is an electronic purse which allows you to make online payments by using an email attached to your account without divulging your personal details.

PayPal, Neteller and Skrill are amongst the most popular options, and many of the leading gambling operators encourage players to use this method to fund their accounts because it is fast, secure and easy to use.

An e-Wallet acts as a buffer between your bank and your casino account, giving players an additional level of security. Money is sent from your bank account to your e-Wallet, and can then be used to fund your online purchases.

e-Wallets can also help people to manage their finances better, as they give players the option to set aside a specific bankroll for their gambling and entertainment activities.

 

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