Online Casino Debit Card Withdrawal
Virtual Debit Cards. Over the past few years, virtual debit cards have been on the rise owing to the perks that come from using them. Unlike the normal debit card, you don’t get a physical copy since it is a virtual one, but it does look and operate like a standard card. Virtual Debit Card or Prepaid Cards. Some players make use of prepaid cards to make deposits and process withdrawal on online casinos. And as you can probably infer from the name, prepaid cards are virtual debit cards.
- Of course, using your MasterCard debit card will only be completely secure if you use it on the right online casino. Check their security measures. Read a couple of reviews, specifically when it comes to bank transactions.
- Log in to your casino account and visit your ‘casino wallet’ or banking page. Select a payment method. Click the withdrawal option and input how much money you want to take out of your account. Click confirm to make sure the withdrawal request has been made successfully.
- From there on, you can withdraw it to your bank or use it to deposit with another casino or spend it elsewhere on the internet. Bank cards are also a decent option, as the best instant withdrawal online casino USA operators will usually complete these in a couple of days.
Ultimately, regardless of whether you play online casino games for fun or any other reasons, it is always cool when you win big and withdraw your winnings. But, in order to stand a chance of winning, you have to play the games with real money. And to play, you will need to fund your account by depositing money into it. Who knows, you might even get incredible offers like the deposit 10 play with 50 bonuses.
In the traditional brick and mortar casinos, you can just walk in and exchange money for chips and vice versa, and the only security measure you will require is to know when to walk away from the games. It is not so for online casinos where depositing or withdrawing has a few procedures to it.
Depositing in Online Casinos
It might come as a surprise to newbies that depositing funds into players’ accounts on online casinos is a straightforward process. It is usually processed instantly. It is also important to pay attention to the currency you register on the casino; this prevents you from incurring any extra charges from converting your currency to another. The only issue that may arise while trying to deposit is the payment method available to players on the casino.
Most reputable gambling sites have a huge selection of payment methods that players can use to deposit funds into their account, though it usually varies from one casino to another. They do this to ensure that all their customers can pick any option they trust, and most importantly, ensure that they can access and use it in their country of residence.
Withdrawal from Online Casinos
The process of withdrawing from your online casino’s account is usually as simple as that of depositing, but the only issue is that the process involved is not instantaneous. Upon submitting a request for your first withdrawal, there are some basic verification requirements that you must undergo before your withdrawal request can be processed and approved. The casinos do this to ensure that the money being withdrawn goes to the right person and prevents identity theft, money laundering, and other fraudulent activities.
The Withdrawal Verification Process
As we mentioned earlier, you will be required to go through a verification process before your first withdrawal request can be approved. However, the process may still be required in subsequent withdrawals when larger amounts of funds are to be cashed out.
One needs to go through the verification procedure for security and regulatory reasons, in the best interest of both the players and online casinos. The verification process helps the casinos ensure the person making the withdrawal is the actual owner of the account and is also of a legal age to gamble. For gambling operators to verify players' identity, they will be required to provide a legible photo or scanned copies of some important documents to verify their identity, address, and banking details. The required documents include:
- An identity document - can be a passport, driver's license, or ID card.
- Account statement - must have a name and card number.
- Utility bill - must have an address and surname.
The document can be forwarded to the casino via a fax machine or sent by mail to the casino's support team.
Deposits and Withdrawals’ Payment Options
Interestingly, most of the payment methods available for depositing money are often the same ones available for making withdrawals. Most online casinos adopt several payment options from which players can choose any they find more convenient. Furthermore, some casinos encourage using some payment options on their platforms by offering excellent bonuses to players who use it to fund their accounts.
Due to the sheer number of payment options that are available online, we have listed the main categorize that almost all payment methods that you might come across fall under:
Credit and Debit Cards
Many online casinos support payments through debit and credit cards. It is probably the option most players are familiar with due to its ease of use. Most gambling websites accept major brands like
- MasterCard
- Visa
- Maestro
- American Express, etc.
Virtual Debit Card or Prepaid Cards
Some players make use of prepaid cards to make deposits and process withdrawal on online casinos. And as you can probably infer from the name, prepaid cards are virtual debit cards that have been prepaid or topped up with a certain amount of money. You can use the funds in your prepaid card to deposit at any online casino you choose. Furthermore, you can also load the prepaid card through withdrawals from online casinos. Some of the most popular virtual debit card brands include:
- EntroPay
- AstroPay
- Paysafecard, etc
E-Wallets
Digital or E-wallet is another payment method that is widely adopted by many online casinos due to the convenience that they offer. Most players prefer to use them because they can be used to make a deposit and process withdrawals. They are also preferred for security reasons because they don't usually require players to share their personal information before processing a withdrawal. Some of the commonly used digital wallets for online casinos are:
- Skrill
- Neteller
- PayPal
- EcoCard, etc.
Bank Transfer
Bank transfer is one of the oldest payment methods from bank accounts to online casinos and vice versa; it is also the safest method. Payment transactions using this method can be done via online banking or by visiting the financial institution in person. This method is supported across several platforms, but the only downside for players is that this option usually takes more time to process.
Online Banking Processor
Many casino enthusiasts prefer to use this direct online banking option because it offers a fast, safe, and efficient method of depositing and withdrawing funds on online casinos. Third-party companies work with specific banking institutions to offer these services to their customers, allowing them to pay for things online with ease. Some of the companies providing this service include:
- Trustly
- Giropay
- Nordea, etc
Apart from all the mentioned payment classes, there are many others like using cheques, adopting mobile payment, and many more. It is also essential to know that the time frame for processing deposits varies; some take longer than others. Ultimately, you have to check the payment methods supported on the online casino you are interested in and select the one convenient for you.
As an ever-growing industry, online gambling is constantly improving and today web-based casinos offer players security, a wide variety of games, as well as the opportunity to use different currencies. To provide further convenience, they have also integrated plenty of deposit and withdrawal options. In order to enable gambling from different parts of the world, multiple deposit methods are available at online casinos.
One of the most popular solutions among players is to boost their casino balances via a credit card deposit, using the world’s leading card issuer Visa. Visa Cards come in various types to meet any player’s needs and are accepted in almost every online casino, as are MasterCard-branded cards. Whether prepaid, credit or debit cards, they can be used everywhere if they bear the MasterCard logo. American Express payment cards are also one of the most preferred deposit methods for US players, while Maestro debit cards are available to European gambling enthusiasts.
Another deposit method which is being adopted by a large number of online casinos is the digital wallet. One of the most widely used e-wallets, as they are also known, is Skrill, which allows users to safely and instantly receive and send payments. UK-based Neteller is another widely popular e-wallet, which is accepted by most well-established web-based gambling operators. ClickandBuy and ecoCard target mostly European players, offering them the option to fund their online casino accounts quickly and conveniently. iDebit and EwalletXpress are rapidly growing e-wallets designed for North American players, while UseMyWallet is one of the safest and most reliable deposit options for US-based gamblers. Click2Pay, popular among mostly German and Russian players, is yet another e-wallet that is accepted in some of the largest online casinos.
Online banking is also widely available as a deposit method among web-based casinos. But services that offer instant bank transfers such as Citadel, iDEAL, POLi, Trustly, Giropay and Nordea are preferred by players because they provide immediate, secure and very convenient deposits. Most of these brands are regional and link online casinos with local banks, offering players privacy when making online payments. Nordea is available to Scandinavian gamblers, Giropay and Sofort to German and Austrian players, while iDEAL is targeting Dutch customers. And POLi is widely used throughout Australia and New Zealand, offering instant casino deposits without the need of a credit card. Deposits via UseMyBank are at the disposal of players in the UK, Canada, Austria, Poland and China, while Euteller is the most used online banking system among Finnish gamblers. PayPal, on the other hand, is the most used online payment platform and an increasing number of web-based casinos are starting to accept it as a deposit method.
Prepaid plastic and virtual cards are also gaining popularity as a deposit method in online casinos, although it is impossible to withdraw winnings to them. EntroPay cards are virtual Visa cards, which are loaded with a fixed amount of funds and can be used for deposits at a large number of gambling sites. PaysafeCard is one of the most popular prepaid plastic cards in the world, while the virtual AstroPay Cards are widely used in Central and South America by players who have limited access to other deposit methods such as e-wallets and credit cards. Reloadable prepaid PostePay cards are designed especially for Italian players and can be used in many web-based casinos.
Many online gambling operators are adopting mobile payment solutions in recent years. One of the most popular platforms is Boku, which offers players to make deposits conveniently from their smartphone.