Online gambling is now an essential part of the entertainment industry in many countries. Apart from excitement, it can also bring overwhelming profits to those who engage in casino games without even leaving their homes. A top priority for each online casino is to attract new players and take good care of the regular ones. An essential element of that is providing them with the latest games, ensuring a user-friendly design and last but not least, accepting major methods for depositing and withdrawing funds. Statistics show that a player is more likely to create an account at a casino that accepts the payment method they are used to.
As far as online banking is concerned, it is undoubtedly one of the most widespread and convenient forms of digital payment. The number of casinos that accept it as a deposit method is constantly growing. Yet, there are some setbacks that are discussed below.
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Advantages of Online Banking
First of all, online banking is convenient. You just enter the required information and the funds are instantly transferred to your casino account, so you can instantly start playing. Second, it is considered a secure method for making payments. Before you initiate your first payment, no matter if it is a casino deposit or a payment of a utility bill, make sure the website has a security certificate.
Most sites have their seals exposed at the bottom of the home page. Take your time to know more about the security as it is critical when it comes to the protection of your personal and bank details against cyber thieves.
Online banking gives you access to your funds 24 hours a day. It is not necessary to wait until the next morning to visit the bank in order to initiate a payment. Plus, you can keep track of your payment history from any location.
Online banking saves you time. You do not have to wait in line in order to complete payment. All you have to do is to enter your username and password and initiate a transaction.
Online bank accounts are easy to set up and you can create it on your own without even visiting the bank branch. Some bank institutions made the account creation a fairly easy process. They require the customers to download the forms, fill them up and email them to the bank.
A very important aspect of online banking is its environmentally-friendly nature. No paper bank statements and reduced traffic are just two factors worthy of considering.
Disadvantages
Regardless of the country, you are located at, bank institutions do their best to provide the highest level of security. Unfortunately, it is not always enough, given the identity theft crime rate. Being a victim of such a crime is not only dangerous to your personal details, but it can take a couple of months until the issue is figured out, which can cost you a lot.
You have to be extra cautious if the bank operates online only. The lack of a physical branch where you can rely on assistance should make you think twice before initiating any payment. Of course, online customer service should be always available but when it comes to serious matters such as payments, most people prefer face-to-face communication.
Although online banking provides you with the convenience you have been looking for, it may take up to a couple of business days before the transaction is complete. When you visit a traditional bank institution, you usually get a document proving that you have made such a transaction. Online banking, on the other hand, keeps your payment records in a special section. Yet the chance for a mistake is higher.
Another advantage traditional banks have over the online is that depending on your credit history, you might be given better rates and smaller fees.
Countries where online banking is accepted
Online banking is a convenient functionality that is widely offered on a global scale. However, before setting up your account, check if you are legally allowed to make transactions to and from gambling-related websites. In order to be able to deposit and withdraw funds to your debit or credit card, the bank you have an account with should be authorised to process such kind of transactions.
Below, you will find reliable information about the online banking supported by some of the most prestigious casinos worldwide and the payment processors they work with.
888casino
888casino takes pride in being among the most reputable ones welcoming international players and aiming at providing them with a wide array of gambling services of unparalleled quality. 888 is currently run on the NetEnt software platform and regulated by the Gibraltar gaming authorities. You can find an incredible collection of slot and table games but before being given access to them, you have to create an account. In order to start playing, you have to deposit funds into your account. Here are the most convenient payment options that allow you to make a deposit by using your online bank account.
If you are based in Austria and you want to deposit funds via your online banking, consider using EPS. More than 25 bank institutions accept it.
If you are based in one of the following countries: UK, Italy, Latvia, Australia, Germany, Portugal, Sweden, Japan, Canada, Finland, iDebit might be the best solution when it comes to safe and fast depositing.
Wire transfer and Bank transfer are two widespread forms of payment. A transaction can be initiated through your online banking or by visiting the physical office of your bank.
Giropay is a reliable payment method for players, based in Germany. Giropay enables you to safely process transactions over the Internet.
Australia-based players are advised to use POLi as a deposit method. The funds are instantly available in your casino account.
Instant Banking, powered by Citadel, is yet another depositing method, accepted by 888casino. What makes it so popular is the fact that you are not required to create an account. You just use the username and password of your online banking in order to deposit funds and make purchases online.
It is important to note that your deposit may be converted into a currency that is accepted by the casino. Don’t forget that you are eligible for a match bonus that can reach up to 15% depending on the payment method you choose. The latter is applicable not only to 888casino but to all the other online casinos below.
Betway
Betway is a respected online casino run on the Microgaming software platform. It offers a decent variety of depositing methods that are associated with reliability and security.
Upon creating an account at Betway, you are supposed to select the bank you have an account with and set your primary payment method.
Once the transaction is complete, the funds will be deducted from your balance and you will have them instantly deposited into your casino account. After entering the required information, your details will be saved, which means you will not have to enter them manually when initiating another transaction.
Apart from allowing you to use your VISA and MasterCard for depositing, Betway accepts a number of convenient payment methods that do not even require you to create another account as the transaction is processed through your online banking.
POLi is available and frequently used by players based in Australia and New Zealand. POLi is one of the methods that do not require you to disclose any confidential information.
In case you reside in Austria or Germany, you can also consider using Sofort that enables you to make instant deposits without worrying about security. Your details are protected and any attempt for a transaction is authenticated by a PIN.
Skrill has undergone a serious revitalization over the last couple of years, it is now available in countries such as Canada, UK, Australia, Belgium, Denmark, France, etc. Skrill allows players to make cost-effective payments and deposit funds to a certain online casino without unnecessary paperwork and delays.
Betway also accepts Instant banking powered by Citadel Direct and enables players to easily make online payments.
William Hill
As a prestigious online casino, William Hill makes it possible for players to deposit funds literary in a matter of minutes. Depending on the country you are located at, you can choose between a wide number of convenient and secure payment methods including but not limited to PayPal, Skrill, Neteller, Cashdirect, Instadebit, POLi, Giropay, Nordea, iDeal, etc.
Rest assured that each of the aforementioned methods is straightforward and you will be able to start playing right away. Most of these methods require you to create an account, go through the verification process and link your debit or credit card to it, while some others, like Paysafecard, make it unnecessary to reveal any sensitive information. Once you select your deposit method, you are supposed to follow the instructions of the website.
Casino.com
Casino.com is a well-recognised online casino welcoming international players and providing them with high-quality gaming products and services. Apart from the exciting games and solid payouts, Casino.com supports payment methods that make depositing and withdrawing funds a faster and more secure process. Idebit or Instadebit is a depositing method that is commonly used for online purchases and casino depositing by Canadian residents. Idebit allows you to make deposits directly from your online banking account. All major Canadian banks support iDebit including Peoples Trust Company, WolrdPay, President’s Choice Bank, etc. Some other options are Instabanking by Citadel, PayPal, NETeller, giropay, Skrill, iDeal, POLi.
Mr Green
If you are looking for games featuring impressive graphics as well as solid progressive jackpots, consider creating an account at Mr Green – a prestigious online casino powered by leading software developers such as NetEnt and Betsoft.
As a respected casino brand, Mr Green calls for responsible gaming and proper behaviour during gameplay. The casino offers a great number of flash instant play games including baccarat, blackjack, roulette, slots, etc.
You can gain access to these games by creating an account and depositing funds into it. As far as depositing is concerned, you have a wide variety of payment methods to choose from. Mr Green accepts MasterCard/VISA, PayPal, Skrill and Instadebit.
