Last updated on June 22, 2018
Has this ever happened to you? You’re excited to take advantage of one of the amazing casino bonuses so you download and install a great new online casino, type in your credit card number, and … DECLINED! Almost every online casino says that they will accept VISA or MasterCard, but if you live in the United States (and some other countries) credit cards don’t work in online casinos.
Casinos and independent companies have created many alternative payment options in the last few years that are safer, easier, and more secure than using credit cards … and they’re accepted every time. Services like Neteller and FirePay have emerged as online payment leaders, but there are tons of options available to make online gambling payments and withdrawals.
Why won’t my credit card work?
Back when online gambling first became popular, credit cards were used almost exclusively to make payments and withdrawals in online casinos. It worked great for a while, but as the internet public became smarter and credit card security couldn’t keep up, online casinos were experiencing enormous amounts of credit card fraud. Players would use a credit card to deposit money, play casino games, and then cancel the credit card charges. As you can imagine, the casinos as well as credit card companies grew very upset as everyone was losing money.
Along with the fraud and chargebacks, credit card companies were pressured with legal issues associated with online gambling and offshore casinos. One by one, banks, casinos, and credit card companies pulled the plug on online gambling transactions using credit cards.
Alternative e-cash payment options
Today, the most popular and by far the easiest and most secure method to transfer money between you and your favorite online casino are e-cash payment options like Neteller and FirePay. Both services let you transfer money directly from your U.S. bank account into an e-cash account, and then transfer it instantly to any online casino. These payment websites are safe because you’re transferring real money from your bank account, which protects the casino from the threat of chargebacks. They’re secure because they are run by independent financial institutions that employ very high security standards. Neteller even requires the use of a special secure ID to withdraw money. Lots of casinos offer extra bonuses for using these alternative payment methods, too. Some other e-cash options worth mention are VASPay, ECO Card, PrePaid ATM, and Gaming Card.
Transactions using any of these services are usually instant, but can sometimes take a few days to draw from your bank account. Fees are very reasonable, if not free.
Some casinos will even draw directly from your bank account without going through an e-cash website. This method works well, but often takes a long time. Expect to wait three to seven days for your deposit to go through, and even longer for withdrawals.
Anyone with a bank account can do a wire transfer, which are very fast, safe, and reliable. But they’re expensive! A wire transfer can cost you as much as $35 per transaction … regardless of the amount of the transfer. You’re much better off using a service like Neteller which offers the same security and speed, at a fraction of the cost.
NETeller makes online casino deposits and withdrawals easy and secure
NETeller Inc. (www.neteller.com), a Canada based company, allows online gamblers to transfer cash electronically between their bank account and online casinos or sportsbooks securely, without the risk of transfers being declined. Every NETeller user has a free NETeller account, which acts like an online wallet that serves as a gateway between the user’s bank account and online casino or sportsbook. The best thing about NETeller is that basic services are all free! Users can deposit, withdraw, and send money to gambling merchants all with no charge.
NETeller truly makes every effort to keep your personal banking data secure, and verify that only you are making transactions in your account. All users are required to use an Account ID and Password to log in, and as an extra security feature, a six-digit “Secure ID” is required, too. Some users may find the extra Secure ID an annoyance, but as an extra precaution against fraud, it’s well worth the extra keystrokes.
U.S. users that register their bank account with NETeller also are able to go through a bank account verification process that makes sure nobody besides yourself is using your bank account. To verify your bank account, NETeller makes a small deposit in your bank account, and then will ask you to enter the amount of the deposit(s) from your bank statement. Because only you have access to your bank statements, this verifies that your bank is really yours. This verification process usually takes 2 – 5 days, but only has to be done once.
The clear leader in alternative payment options, Neteller scores on no fees and extra security.
Making Deposits to NETeller
NETeller offers four options to deposit money into your account. Most users needs will be met with the free Electronic Funds Transfer (EFT) method. An EFT transaction is a simple transfer from your (U.S. or Canadian) bank account. The great thing about EFT deposits is that they’re free, but the drawback is the 3 – 5 day waiting period for the funds to clear from your bank before you can use the money in a casino.
If you can’t wait for 3 – 5 days before you can start gambling, NETeller also offers an “InstaCASH EFT” deposit option which works like a regular EFT, but funds are available instantly. There is currently an 8.9% service fee on InstaCASH deposits. For example, if you deposit $100 by InstaCASH, neteller will keep $8.90 and you will instantly have $91.10 available to transfer to your favorite casino.
NETeller also accepts credit card transactions, but most U.S. and Canadian credit card users will be declined. This is because North American banks choose not to process transactions for certain merchants. Users outside North America can use their credit card for a reasonable 3.9% fee.
You can also transfer funds using a traditional bank wire. NETeller doesn’t charge a fee for bank wires, but your bank probably will.
Online Casino Transactions Using NETeller
It couldn’t be simpler to make deposits to nearly any online casino using NETeller. When you visit the casino’s cashier, nearly all casinos have a NETeller deposit option. All you need is your NETeller Account ID, Secure ID, and the e-mail address registered with NETeller. Deposits are processed within seconds, and withdrawals usually take one business day.
Withdrawals from NETeller Accounts
Once you cash out from the casino and your NETeller account is nice and full with casino winnings, it’s very easy to get the money back to your pocket. If you’ve verified your bank account, a free EFT withdrawal takes only 3 – 5 days. NETeller will also mail you a check for only $1, or FedEx it to you for $10.
NETeller’s customer service is far superior to any other electronic payment service. They have live chat available almost all the time, toll-free phone support, and very responsive e-mail support. NETeller is always friendly and eager to help in disputes.
Not only is NETeller easier and more secure than most other online banking options, many casinos will give you extra free money just for using NETeller. Check Casino Sage’s bonus listings for great NETeller bonuses ranging from 5 – 20% on top of your regular bonuses.
Ready to start using NETeller and playing securely in nearly every online casino? Go to www.neteller.com to sign up for your free NETeller account.