When wagering with real money, there are a lot of elements to focus on when playing. Deposit methods, withdrawal methods and deposit bonuses are justa few of the isues which need to be understood and addresses in real money online slot play
There are many popular deposit methods for both the online player as well as popular for the online casinos. Popular deposit methods for the online players are those that make online gambling easy and seamless, whereas popular deposit methods for the online casinos have the same criteria, but also take into account fees, liability and, rules and regulations. For example, many online casinos shy away from American Express, as their merchant fees for using their card are higher than Visa or MasterCard. Because AMEX is U.S.-owned and has a majority of U.S. cardholders, they are regulated by the onerous laws of gambling in the U.S.
Some of the most popular deposit methods for both parties are Visa, MasterCard, PayPal, Ukash, eChecks, Neteller, American Express, Envoy, Skrill, EntroPay, Instadebit and others.
Because of the transition from land-based casinos, to online casinos and then mobile casinos, the trend is heading to making deposits via mobile, much easier. One of the new methods for mobile deposit is Phone Billing. This payment option created for online mobile slots in the UK, has made paying and playing mobile slots as seamless and hassle-free as possible.
Mobile providers such as BT, Vodafone, Tesco, Orange, EE and Virgin Mobile have partnered with various online casinos to make methods of depositing money very simple. In short, you are able to deposit a maximum amount daily into an online casino which will then be charged to your monthly phone bill. Unfortunately you cannot receive money though this setup, via your mobile provider, and usually have to request a check from the partnered online casino.
Since you are not playing at land-based casinos, there is not a window to walk up to and cash out. Online casino cashout methods vary depending on the casino, payment method, country, as well as others. Cashouts can come in many ways from bank transfer, checks, incremental payments and other methods. Unfortunately, unlike land-based casinos, you are hamstrung by the fine print of the online casinos and put in a situation where you may need to assert yourself.
There are many online casinos whose cashout policies consist of receiving money in a few days, but there are many others who drag out the process and make you wait. This can be a deal breaker as to your online casino of choice, so be sure to invest some time and research into what you online casino you sign up with.
Although there are various terms such as, the new player bonus, welcome bonus, and sign-up bonus, they are all pretty much the same. They are the first deposit that a player makes into the online casino account. The casino offers these to the customer in order to attract attention, while the values depend on your deposit amount. One example is when you deposit 100 dollars, and get 100 bonus dollars extra for signing-up. It’s a typical match bonus which sounds pretty good. Every casino will have specific requirements on how much of that money is spent before you can actually withdraw that bonus money.
The no-deposit bonus is very popular, and can be the trickiest of all the bonuses you decide to use. This allows you to create an account without using real money. You cannot withdraw this amount until any money that is won exceeds the original amount that was given. You might use up all that bonus money before seeing any money returned, although it’s typically a risk-free chance to win real money. You may do better to look for the percentage bonus instead. It’s similar to the match bonus, but provides just a portion of the amount you deposit into your account. The full match bonus is the only version that doubles your casino account balance.
Cash-back bonuses are offered to customers who have lost money on a bad luck streak. These are perfect for hi-rollers since they deposit large amounts with no previous bonus offer provided. If they lost all their money, they could be rewarded with as much as 20% of the original amount used. Hi-roller bonuses are typically offered when you deposit amounts over $500-$1000 at a time. The simplest bonus is the friend referral. Get a friend to sign-up and to deposit money at your online casino and you are awarded a pre-set amount. Some alternate payment methods, and credit cards used for making a deposit will get you further bonuses along the way.
How easy is it to withdraw my winnings from an online casino?
Each online casino has there own policy for withdrawing your winning. Your best bet is to check with the casino to see the terms. But overall its an easy process
How easy is it to deposit money into your online casino account?
When it comes to taking your money, the of course make it much easier. As a matter of fact, for your first few deposits, they will even match your deposit with playing credits.
How safe is it to use my credit card or other payment methods for online casinos?
With any online transaction there is a risk, just as there is a risk using your credit card at a physuical store. But as more and more people turn to online purchases, it is secure.
Is Bitcoin accepted as a currency for deposits at the casinos?
As a virtual currency Bitcoin has been slow to become popular with online casinos. It will be a while before its as accepted as the Dollar, Ound and Euro.
Nothing is simple when betting with real money, so be sure to educate yourself on the what the dos and don'ts are of real money wagers.