Online Casino Deposits and Withdrawals

Prior to gambling in an online site with actual money users are first required to deposit cash into the casinos bank.  In a brick and morter casino users go to a cashier and exchange cash for casino chips, however life is not as simple in the online gamming community.  To transfer cash to an web based site you have to use one of various ways, users can send money via a money order or check or through Western Union, use Moneygram or users are able to make use of a credit card.  The most common manner used is “real time” deposits using a credit card, this process removes the wait time involved for the funds to clear when a user uses other methods like wire transfers or checks.

By far the most common way that players transfer deposits is by using credit cards. Transfers are done by way of a safe computer interface; simply provide the site with a little information, indicate the quantity you wish to deposit, after that simply push a key and the transfer is concluded. Even though it’s typically a quick and simple process, players must be aware that some credit card companies and/or their issuing financial institutions prohibit consumers from using their cards for web based gambling.  This is particularly the case for gamers in the United States of America due to American legislation passed in 2006 called the Unlawful Internet Gambling Enforcement Act (UIGEA). This law prohibits United States financial institutions from dealing with internet gambling sites. However, there are still various ways being used by United States gamers to make deposits, such as e-wallet services.

A gamer in an online site doesn’t have physical cash in their hand, rather the money on hand is shown as an electronic balance made known on the gamers computer; if you want your funds you are said to want to make a ‘withdrawal’.  The withdrawal method is similar to the process to make a deposit, however sometimes with less ways.  If the player placed his or her original deposit via a card the typical practice is for the casino to credit the card up to the amount of the initial deposit; in the event that there is a surplus of cash the balance will be mailed to you in the form of a check.  As an example; if you initially used a credit card to deposit $50 to you account and after a time it grew to $75, when requesting a withdrawal the casino will credit $50 to your card and subsequently post a check for the additional $25 to the address on record.

Those sites offering e-wallet methods of fund transfers (such as eWallet Xpress or Neteller) usually process deposits and withdrawals using the e-wallet service.

When you have selected a casino to use, it is important that you understand how deposits and withdrawals are processed prior to starting to actually make use of the casino.  In addition to knowing what methods are offered; check for any additional fees that might apply, minimum withdrawals (if applicable), and turnaround periods for processing.  To stop any confusion the majority of casinos answer the above queries on their web site, however when in doubt speak to a customer service agent.