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Online casinos and credit cards don’t mix

By admin on 2014-11-13 10:28:52

Here at onlinecasino.ie there are a few topics which we feel it is necessary to revisit on a regular basis in order to ensure that our new readers are able to enjoy their experience of playing casino games at an online casino to the full. One of these is the question of what is the best way to fund an online casino account. All the online casinos offer a comprehensive range of deposit options designed to make it as easy as possible for their customers to start playing their casino games, including credit and debit cards and one or more e-wallets such as Pay Pal or Neteller. However it is important that new online casino games players are aware of the potential costs involved with some of these options, particularly the use of a credit card to fund an online casino account. All the online casinos are credit card casinos and accept most credit cards, but whilst a credit card is often the best option when purchasing goods on the internet it is certainly not the preferred online casino deposit option for two reasons. First and foremost using a credit card as a way of funding casino games is effectively gambling with borrowed money which can never be considered a good idea, but there is also a second reason to put your credit card away. Almost all the banks will apply a surcharge of up to 2% on any credit card transaction involving gambling, on top of which you will be charged interest from day one at credit card rates because it is considered to be a cash transaction in the same way as withdrawing money from a cash machine. These two additional costs effectively increase the house edge against you in terms of potential winnings. Even using a debit card can result in additional charges and both methods clearly reduce your personal privacy. By far the best deposit option is to open an e-wallet account from which to fund playing your casino games, which then allows you to transfer money to that account in any way you choose.