Not all online casino deposit options are recommended

Playing casino games at an online casino is no different to purchasing goods or services online, you need to choose the best way to transfer money to the appropriate internet site. Nowadays most of us have got into the habit of using a credit card for purchases we make through an internet site because of the built-in insurance element guaranteed by the credit card issuer should the product turn out to be unsatisfactory or fail to be delivered. However when it comes to transferring funds to an online casino so that we can play online casino games, we should consider the fact that there is no such thing as an insurance policy which covers any losses we may incur so there is also no reason to select a credit card as the best online casino deposit option. In fact not only is a credit card not the best of the deposit options available at most online casinos, it is probably the worst choice you could make. Clearly using a credit card as a means of funding an online casino account is of course actually gambling with borrowed money even if you always pay off the balance every month, and nobody would ever recommend borrowing money in order to gamble. That is however not the only reason why a credit card is not the best choice when it comes to transferring money into an online casino account, it will also cost you extra money in bank charges. Almost all the major banks will apply a surcharge of at least 2% on any credit card transaction involving gambling, a figure that is approaching the house edge on some casino games and therefore significantly reduces the chances of winning even more. The banks will also treat using a credit card to fund playing online casino games as a cash transaction in the same way as they do if we use a credit card to withdraw cash from an ATM, which means that interest at high credit card rates will be applied from day one which in turn further increases the costs associated with using a credit card for this purpose. Before we go on to discuss some of the better ways to fund an online casino account we should also warn our readers that because of the way the transactions are processed, some banks will also apply a surcharge on the use of a debit card as a deposit option, particularly in Ireland. Although using a debit card to fund playing online casino games is far better than using a credit card, we believe there are also many much better deposit options available to us at most online casinos.

Most online casinos for example list at least one e-wallet among their acceptable deposit options, and there are many reasons why using an e-wallet to fund playing casino games online is a much better option than either a credit card or a debit card. For those of our readers who may not have heard the term e-wallet before, we should perhaps point out that one of the most popular e-wallet accounts is supplied by Pay Pal. Neteller is another e-wallet account which is also commonly accepted by many online casinos and both have the same advantages when used as an online casino deposit option. An e-wallet is actually a totally separate bank account which can be used for a variety of internet transactions including purchasing goods from an online retailer and of course funding an online casino account. Using an e-wallet greatly increases both your privacy and the security of your primary banking details because the online casino has no access to your current account details, and your bank will also not actually know what you are using your e-wallet account for. Opening an e-wallet account is very easy and it can be funded in any way you choose. There is no doubt that an e-wallet is one of the best online casino deposit options, but there are also other equally satisfactory options to consider. The most obvious of these alternatives is the use of cash to manage your online casino account. Here in Ireland both Paddy Power and Ladbrokes offer their online casino customers the chance to deposit money into their account at any of their high street betting shops. Clearly there is no better way of managing an online casino account in terms and privacy and data security, the only potential drawbacks are that many of us do not have easy access to a betting shop and of course the service is only available during opening hours. Many people may however consider these drawbacks to actually be positives because the inability to pay more money into their online casino account out of hours restricts their ability to chase any losses they may have incurred when playing at home in the evening. We all know that there will be occasions with any form of gambling when luck is simply not with you, but we have all at some time been tempted to continue playing in the belief that our luck will change. Anything which reduces our ability to accede to that temptation is probably a good thing.

Managing our online casino account using cash at a high street betting shop is however not the only deposit option which helps us control our gambling budget. Most online casinos also offer a number of pre-loaded cards among their deposit options which also make us think twice before being tempted to chase our losses. A pre-loaded card such as PaySafe or Ucash operates in the same way that the foreign currency cards many of us use when we are on holiday or on business abroad. The player simply chooses how much money they wish to gamble on playing online casino games, and then loads that amount onto the card and uses the card to pay that stake money into their account. Again there is no danger of anyone acquiring access to their banking details and there is also a very high degree of privacy associated with this deposit option.