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Choosing An Online Casino Deposit Option

By: Mark Freedman, Thursday August 13th 2009
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Gone are the days when online casinos offered only a few deposit options. Today the best online casinos offer about a dozen deposit options. The increased options come with increased headaches because the problem now is a choice of plenty. The new player particularly needs to take his time and make a considered choice.

Though the player can choose from deposit options he cannot choose his country. His country of domicile is a given. The first factor the player needs to check is which deposit options are not functional in his country. These can be immediately knocked out. Today most online casinos are multi currency casinos. However not all players have a choice of currency. Usually players are constrained to wager in the currency of their country, if that currency is offered. Even if the players are offered a choice, it makes sense to choose the currency of their country. They will save substantial costs that are associated with currency conversions and this will more than neutralize any benefits that the other currency may offer. Not all deposit options function in all currencies. Hence the player must next eliminate all the deposit options that do not deal with his chosen currency. The balance list of options is the short list that he must deal with.

There are some deposit options that do not permit withdrawals. For example some credit cards do not accept withdrawals in some countries. If the chosen deposit option does not accept withdrawals then the online casino will usually remit requested withdrawals through a paper check. A few weeks could pass before funds are actually received in the player’s bank account. Hence the player must next eliminate deposit options that do not accept withdrawals.

If the player is left with both credit card options and alternative payment options then he must make the critical choice between them. There are advantages and disadvantages for both. This is not a straightforward choice because it will depend on the player’s wagering pattern and temperament. If the player wants to wager at many online casinos then it makes sense to choose an alternative payment method. That way the player will not have his credit card information on many servers across the Internet. He can fund the alternative payment method with his credit card and then fund any number of online casinos with the alternative payment method. Players in the United States have another reason for choosing an alternative payment option. Because of the tightening laws in the United States players are finding it difficult to fund their online accounts with credit cards.

There are some other factors that affect the choice of the deposit option. Despite offering a large number of deposit options, online casinos prefer that players choose from only a few. In order to encourage this practice the online casinos offer attractive bonuses on the selected deposit options. Players have to factor in these bonuses while making a choice.

There are indirect costs associated with deposit options. Though usually there is no charge for funding online casinos, there are other costs involved. There may be annual fees associated with the deposit options. Though these costs may not be significant, other things being equal, they need to be accounted for.

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Comment by: Karl Benton On: December 20, 2009
Use credit card first and if that fails I would say try opening an account with one of the alternative online casino banking options out there as I think you'll find you'll have luck one way or the other.
Comment by: scrantonboy On: December 15, 2009
I've been using credit cards to deposit online for the longest time as well and think that they are the best of the methods for depositing even still. Although there may be some issues from time to time depending on what online casinos you're playing at in the end it's still worth the minor hassles you may encounter.
Comment by: Roger Morris On: November 23, 2009
Credit card and if paypal was still around I would have to say paypal. I think that the best options right now have to be credit card, neteller and moneybookers when it comes to swift and convenient deposits to be made at online casinos, sportsbooks, poker and bingo rooms.
Comment by: Joshua On: November 13, 2009
Players in my opinion should always start with the deposit option that's easiest. I think that depositing using or attempting to deposit using your credit card first is the best option and should all your credit cards fail in your attempts to make an online casino deposit then you should start looking into some other options.
Comment by: Winterton On: November 02, 2009
I know that a lot of people here on the site have knocked eBanking options like NETeller but quite honestly I prefer using one of these kinds of methods and particularly for me using NETeller to fund my gaming activities and for when I want to withdrawal funds from online casino that I play at.
Comment by: Channy On: October 30, 2009
Look at the options that are available based on where you live. Some deposit options are not available in certain countries so it's always best to look into this information prior to starting the sign-up process with some of these banking solutions online as some of them do take some time to get though.
Comment by: Raymond S. On: August 27, 2009
I think that evaluating the bonus options in the cashier section of in the main website for the casino before you decide on playing there is the best thing to do. Knowing what your options are before you commit any time to it is a good choice.
Comment by: sadie777 On: August 13, 2009
Credit Cards IMHO will always be the easiest means of making deposits but it also really depends on where you're playing. I think that if you choose a good online casino that's well known for being able to fully accept US gambling transactions then you'll be find. Playing at casinos like Golden Casino and casinos of the like will certainly boost the chances that you'll have a smooth deposit process.

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