There are so many options online gamblers can use to deposit money into their casino accounts. Technology has even made it easier for both gamblers and casinos to deposit and receive money respectively. One of the easiest and most accessible methods is to use the Western Union cash transfer. Western Union started out as a telegraph business around the 19th century. Today, the company handles financial transactions such as money orders and wire transfers. Western Union also handles wire transfers in the online gambling niche. Compared to credit cards, debit cards, and e-wallet transfer methods, wire transfers especially from Western Union have become extremely popular in virtual gambling.
It works perfectly especially for online gamblers in the US. With thousands of terminals and outlets worldwide, Western Union provides a reliable internet payment gateway that’s convenient for online casino players. Although there are a few competitors like Skrill, Western Union is still trusted by lots of players.
Financial transactions using Western Union are fast and very convenient. With the invention of mobile apps, anyone anywhere in the world can send money to their online casino account without any worries. You can choose to transfer large or small amounts without worrying about the transaction fee.
For people who love financial anonymity, Western Union is the best option. Since you only deal with cash, there is no need to reveal any financial information to any third parties. The company prioritizes every consumer’s security and satisfaction. The cash only transactions also mean that you don’t need to open a bank account.
Western Union has been around for many years. In that time, the company has opened numerous terminals all over the world which makes it easier for lots of customers. Incidentally, this has also increased the efficiency of deposits into online casinos making it more convenient for customers.
One of the biggest drawbacks of using Western Union as a deposit method for online casinos is that the process is not very fast, particularly when compared with some of the other popular methods such as credit cards or debit cards.
Also, unlike in the case of using many other deposit options, going for Western Union transfers requires you to cover some additional fees. Most online gamblers may rush to credit/debit cards because of this drawback because there are no extra charges.
How Does It Work?
Western Union also offered an e-wallet service for their customers called ‘BidPay’ which has now been discontinued. Customers can now use ‘SpeedPay’ to make online deposits into casinos or withdrawals which makes Western Union more convenient for online casinos. Most of the online casinos that accept US players also accept deposits from Western Union. You can fund your on-site account via a Western Union terminal or you can do it online.
If you’re planning on using Western Union as a deposit method, you should get all the details of the recipient by contacting the casino. Once you have received the relevant recipient details you can go to the nearest Western Union terminal and send your money from there. As briefly touched on above, there is a fee charged for all transactions, which might get rather high for larger transfers. There are a few ways of getting around the necessity to pay a large transaction fee. For instance, there are a few casino websites that will cover your fee upon request, especially for smaller deposits.
However, this highly depends on the player in question and his/her history with the particular casino. The whole transaction will take about an hour before the money is credited to your account. There are a few casinos that allow withdrawals using Western Union. There is also a withdrawal fee charged which is charged to the player. It might take a day or two for your withdrawal to be completely processed.
Why Choose Western Union?
Naturally, depositing money using credit/debit cards is faster than using Western Union. Your account reflects the deposit within a matter of minutes, allowing you to enjoy the best games available at that specific website. However, Western Union triumphs over credit/debit cards in some ways. For instance, players can enjoy utmost privacy while using Western Union. You can basically do all your transactions using cash without worrying about revealing your financial information. Using credit/debit cards for deposit transactions always requires some financial information to be submitted.
Also, credit card companies have some restrictions against their clients charging gambling related transactions to their cards. While using Western Union, you can transfer money to or from your casino account without worrying about any restrictions, particularly when it comes to casinos that accept US players.
Western Union provides a safe and reliable banking method, which is available for most players. This method proves to be particularly convenient for people who tend to worry about financial privacy. Although it may take longer than using some of the other methods, the benefits of banking on Western Union definitely should not be overlooked.