Welcome to onlinecasino.ie deposit and withdrawal page where we shall try to give some insight into the various ways of depositing money and hopefully withdrawing winnings from your online casino account. You could be forgiven for thinking that the withdrawal process is simply the reverse of the deposit process but that is actually flawed thinking as far as some online casinos are concerned. There are of course many ways of paying for anything these days and paying for your gambling by depositing money is no exception; the most common way is by credit card and all the online casinos we recommend will accept payment by Visa or Mastercard but Diners Club is not so popular and is only accepted by 888 and William Hill and in the case of 888, although they will accept deposits from Diners Club they will not payout to that card which means you will need another form of receiving credit. Entropay is a also a lesser known credit card but is accepted by Paddy Power and Bet365. We would not recommend using a credit card casino at all for online casino deposits as the credit card company will charge a surcharge (usually around 2%) plus, because it is a cash transaction you will start paying interest immediately at the credit card rate. Most online casinos do not charge for using a credit card but Bwin is an exception as they charge 2%. It is not possible to disguise the fact that you are paying a company engaged in gambling as the receiving company has a code which the credit card company recognises. You may be interested to know that using a credit card for football pools will also incur the surcharge.
The next most popular method is debit cards but not all online casinos accept all debit cards. Maestro, Visa Electron and Laser Card casino are the most widely accepted; William Hill, BetFred, Paddy Power and Ladbrokes will also accept Visa Debit and Solo whist Switch is accepted by Paddy Power and Ladbrokes. Bwin are the most unhelpful in this respect by not actually saying what they accept before you try a card but we doubt they are any different from the rest in accepting most popular cards. Debit cards carry no charges from the online casinos or the banks that issue the cards (providing of course that you have the money in the account).
The next possible method is pre-loaded cards such as Paysafe and Ucash; Paysafe is accepted by Paddy Power, William Hill, Bwin, Bet365 and 888 and Ucash is accepted by Bwin, Ladbrokes, Bet365 and 888 but again 888 will not payout to these cards which makes this payment method less than desirable but there are no charges.
With the advent of the Internet and the increasing number of purchasing transactions taking place in general shopping as well as online casinos a new breed of payment system has sprung up call e-wallets. The first was “PayPal” and anybody who has used E bay will be familiar with the system. The principle behind e-wallets is that you do not need to give your credit card or bank details to every vendor that you purchase stuff from on the internet and that includes PayPal casino providers which makes the whole system somewhat safer. You open an account with an e-wallet provider and give your details to them only; you then agree a method of depositing or withdrawing money (in this case a credit card is fine and incurs no surcharges) and away you go. Simply by quoting your e-wallet account number and password you can make purchases on the internet or make deposits to the online casino of your choice. There is no facility for borrowing so you will need money in the account before you can pay for something. Any winnings that you have accumulated in your online casino account can be easily transferred into your e-wallet from where you can remove it if you so wish. “PayPal” was the first e-wallet but the other popular ones are” Neteller” and “Moneybookers” all of which are accepted payment methods in all the online casinos we recommend. Think of these as Neteller casino and Moneybookers casino providers that support this deposit method. Less popular ones are “Clickandbuy” which is accepted at William Hill, Bwin, Ladbrokes and 888; “Click2pay” which is accepted at William Hill and Bet365; “Mycitadel” which is only accepted at BetFred and “Kalixa” which is only accepted at Bwin.
Other methods for funding you account include Bank Transfers which is accepted almost everywhere nut needs to be set up and may take a few days; Bank Wires which are expensive, a simple cheque which will take some days to clear before the money is credited to your online account or payment in a bookmakers shop. This last option is good for those who do not have or do not want a bank account or want to keep their gambling finances separate from other affairs. BetFred, Paddy Power and Ladbrokes offer the opportunity to walk into any of their betting shops and make deposits or withdrawals in cash to or from your online account. This needs to be set up but it is a simple process.
As you can see there are multiple ways of depositing and withdrawing money from your online casino account and most online casinos will not restrict you to one method which means you can register different ways to suit you. This can only ever be an overview but we hope you have found it useful; do read the terms and conditions carefully in your chosen casino(s) and watch out for charges.