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Is credit card casino gambling the best option

By admin on 2012-03-25 12:21:16

As part of our continuing mission to help new online casino gamblers, it is time to revisit the question of how best to fund playing casino games online. All the major online casinos on our recommended list offer a range of deposit options which they clearly hope will satisfy the requirements of all their prospective new customers. These deposit options include debit cards, credit cards, e-wallets and even cash in the case of Paddy Power and Ladbrokes, who both let customers in Ireland pay-in and withdraw cash in their high street betting shops. There are of course advantages and disadvantages with all these options, and the choice depends on your own personal circumstances, but we have yet to be convinced that credit card casino gambling is ever a good idea. Credit cards are obviously extremely useful for many online transactions, particularly when the goods or services you are purchasing may prove to be unsatisfactory, but this factor never applies when you are playing casino games online. Funding an online casino account using a credit card is effectively gambling with borrowed money, furthermore rightly or wrongly the credit card issuer will almost certainly charge you for using their card for gambling purposes, and because it is considered to be a cash transaction interest is charged from day one. Even if the idea of gambling with money you don’t have does not worry you, if you add up all the extra charges associated with the credit card deposit option you are already in the red before you have even started playing your casino games. If you still want to use a credit card, use it to fund an e-wallet such as PayPal or Neteller and then fund your online casino account from the e-wallet. In this way your card issuer does not know what you are using the money for and you will at least avoid some of the charges.