Credit cards (commonly referred to as plastic money) are trending in the financial world. There are new credit card companies popping up and offering their clients a safer way to transact online, which is obviously beneficial for online gambling enthusiasts looking for a way to finance their hobby.
However, although this is a positive contribution to the financial world, the usage of credit cards in the gambling world is slowly fading. If you’re contemplating using a credit card to finance your online gambling account, you’re very likely to face some challenges.
For example, none of the popular casino sites support credit card cash outs, but you can still deposit your cash into your casino account effortlessly.
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How to Deposit using a Credit Card
Some of the famous credit card companies that allow their clients to deposit money into online casinos include MasterCard and Visa. Since there are lots of credit card companies in the financial world now, for any transaction the responsible banks can either decline or accept a card depending on how safe or legal the transaction is. If you have a credit card, sign up to your account on reliable casino website, provide the necessary personal details, submit the security code found at the back of the card and confirm the transaction. If your credit card isn’t refused, the entire process should take less than 5 minutes. Once you’re in the clear, you can proceed to enjoy the games available on your website.
The popularity of credit card deposits has given untrustworthy gamblers some tools to scam the casino sites. There are reports of gamblers who deposit money to a site, gamble, lose and finally claim that the first deposit never went through. In such a case, the bank may issue a full refund resulting in losses for the casino. However, in this day and age, casinos have created a shared black book for untrustworthy clients. The black book is shared among different casinos in the event that these con people hit different online casinos on their deceitful venture.
There’s no denying the fact that land-based casinos tend to be safer than their online counterparts. However, with regard to deposits, online casinos win the round. Thanks to the advent of depositing using credit cards, topping up your account is simply faster, easier and more convenient than buying chips in a brick-and-mortar gambling establishment. In a matter of minutes, you can start enjoying all your favorite games. Even better, you don’t have to worry about any fees associated with depositing money into your account.
Benefits of Using Credit Cards
First of all, as long you have a stable internet connection, any deposit into your account shouldn’t take more than 10 minutes. As long as the casino site is reliable, your transaction will be perfectly safe, which means that you won’t have to worry about any information leaks to suspicious third parties.
Secondly, if you’re using a secure credit card, any deposit transactions will go through without a hitch. However, if your credit card hasn’t been authorized for international transactions, odds are high that your transfer will simply be blocked. Therefore, if you’re very anxious to get started on the online casino games, start by using a secure credit card from industry leaders like American Express, Visa, and MasterCard.
There are a few credit cards without a maximum spending limit. This comes in handy for gamblers planning to place large bets. However, to be on the safe side, if you’re not a pro-gambler try to start by placing small bets to prevent huge losses.
If you would like to try your luck with different casinos, you can do so with just one credit card. You don’t need to open any new accounts or get new credit cards to finance your gambling ventures on different websites. This is one of the biggest advantages of using credit cards for depositing to online casino sites.
Please note that regardless of how advantageous using credit cards may be in the virtual casino world, there are many reasons why people will always be looking for alternative means. For example, credit cards can’t be used for withdrawals. There are a few statues that limit credit card users from charging gaming related transactions to their credit cards which is the reason why online casino gamblers can withdraw their winnings using their credit cards. Therefore, if you use your credit card to deposit money to your account, you should be ready to use an alternative withdrawal method to obtain your winnings.
Are Credit Cards Good Deposit Option?
Regardless of the withdrawal restrictions, using a credit card is a dependable method of depositing money to online casino accounts. The alternative would be to try a wire transfer, Moneygram, or Western Union to make direct deposits into your account. However, none of those methods are exactly fast, which makes them very inconvenient especially for players who are anxious to get started on different online gambling games.
There are a few cautionary steps every new player should take before using a credit card to finance his/her account. Researching the site that you’d like to sign up with is absolutely crucial. Get a list of the top online casinos, read through the testimonials and identify which sites are safe. Another way of determining the reliability of a casino is assessing the number of referrals from the current customers. If the referral numbers are very high, the casino is definitely trustworthy. Online gambling sites have also invested in very secure firewalls to prevent any break-ins from third parties. All things considered, if you find the right site, depositing your money using a credit card into your account should not be an issue.
To guarantee that your deposit transaction goes very fast and without any unnecessary delays, try to use credit cards that have been already confirmed to work with the sites that you’d like to play on.