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A major concern for all online gamblers - in terms of both security and
convenience - are the banking options that an online casino offers via it's
cashier. Depending where you reside and the online casino that you choose to
play at, your banking options will vary. First of all, please know that
financial matters and banking options is an area in which Online Casino VP looks at very
closely before reviewing and listing an online casino on our casino reviews page. Not only must approved sites offer a variety of safe and secure methods
to make deposits and withdrawals, they must handle financial transactions in a
timely manner (Further below on this page we have provided a list of approved
payment and withdrawal methods).
While the speed of transactions can be contingent upon the third-party method
being used, whether it be a credit card or a Click2Pay account, online casino
management is ultimately responsible for ensuring all transactions are processed
in a timely manner and that "checks get mailed" so to speak. Regarding security,
all casinos should utilize a minimum of 128-bit SSL encryption when handling
financial transactions between a player's gaming account and source funding
account. This is the same security standard that leading financial institutions
use to process transactions. It is guaranteed 100% secure.
Processing deposits and withdrawals works like this:
First, you must register
for a real money account and supply the financial details needed to fund your
account. Deposit options will be listed within the cashier, including descriptions of
each method, applicable fees (most are free), and any applicable jurisdictional restrictions.
All of this information is then securely stored on the casino software
platform's SSL (Secure Socket Layer) server, thus giving you immediate access
for making financial transactions between your casino account and payment
method in the future. These transactions, which travel over the internet, are scrambled with
128-bit encryption, then descrambled upon receipt on the casino's end. This
prevents any data from being intercepted en route.
Deposits and withdrawals can be facilitated by mailed check, wire transfers
(via a personal savings/checking account) or a third-party eWallet, often
referred to as an Alternative Payment Method. Deposits are instantly processed
and available for immediate use, while withdrawals can take less than 24 hours and as long as 21 days (again, depending on the method used). First time
withdrawals generally take longer due to underage gambling and fraud prevention
protocols, such as "Fax Back" forms. Upon making your first withdrawal request,
the casino may ask that you fax in a form, along with further methods of
identification (which may include a copy of your driver's license or utility
bill), and upon receipt and verification, will initiate the withdrawal
clearance.
Approved Online Casino Deposit Methods:
Credit Cards, (Visa, MasterCard, Diner's Club International, Maestro), Click2Pay, MoneyBookers, Delta, Ukash, EcoCard,
InstaDebit, PaySafe Card, Click and Buy, MyCitadel, FirePay, Neteller,
UseMyBank, PaySafeCard, UseMyWallet, EntroPay, EziPay and Bank Money Transfer.
Approved Online Casino Withdrawal Methods:
Click2Pay, Click and Buy, MoneyBookers, Delta/Visa, EcoCard, EntroPay, Neteller, UseMyBank,
UseMyWallet, EziPay and Direct Bank Transfer (Non-U.S.), Electronic Fund
Transfer (Canada), Wire Transfer (U.S.) and Certified Check by mail.
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