Online Casino Payments with Credit Card
For many players the thrill of betting online is that you can win money playing casino games from the comfort of your own home. If you like playing at online casinos and you want to be in with a chance of making real winnings, you have to play for real money, rather than play in fun mode. To do this, you need to fund your online casino account. There are different payment methods that make it possible to transfer money to your online casino account. One payment method that is available at pretty much all reliable online casino is the credit card.
The credit card has been around for decades and with the development of online businesses it became a straightforward payment method to use online. In the early days of e-commerce, some people still had their doubts about providing their card details to an impersonal entity online. Nowadays, for the vast majority of people this perception no longer exists and online businesses like online casino have the necessary encryption software in place to safeguard your personal details.
Depositing at Online Casinos with Credit Card
Transferring money to your online casino account with a credit card is extremely easy. At most reliable online casinos, you need to verify your credit card, either when you make your first deposit or when you want to withdraw any winnings. This is to ensure, that the credit card used is actually yours.
If the credit card you want to use is not in your name, the online casino wants to make sure, that you have the owner’s permission to use their card. To get and keep a gambling licence, online casinos need to abide to rules and regulations.
Credit card verification is part of this, to prevent money laundering and other illegal activity. After your card has been verified, or when verification is not needed to make a deposit, you can follow the instruction on the online casino payment page to make your first deposit by credit card. You fill in your card details and the amount you would like to deposit and at most online casinos, funds will instantly be transferred to your online casino account.
When you want to make a deposit, check with the online casino if there is a bonus offer available. A bonus would give you extra cash to play with for the same money. Most online casinos offer a welcome bonus when you make your first deposit. Existing players too can claim extra cash on their deposit. You can always contact customer service to ask for one.
Cashing out Winnings at Online Casinos with Credit Card
Many online casinos allow you to receive cashed out winnings on your credit card account. To receive your winnings you need to go through a verification process. As part of this process you need to confirm your identity, ownership of the credit card and in many cases also give proof of address.
Depending on the online casino this should be a straightforward process. Once all documentation has been received, most online casinos process your withdrawal request within 48 hours. Online casinos tend to have both a minimum as well as a maximum amount you can withdraw from your account on a daily or weekly basis. The online casino and/ or your credit card provider could apply a fee to transfer your winnings from your online casino account to your credit card account.
Many online casinos offer faster withdrawal processing times and higher withdrawal limits for high rollers. Whatever type of player you are, cash out processing time tend to be faster when you use your credit card compared to any other payment method.
The Benefits of Using your Credit Card at Online Casinos
Paying into and making withdrawals from your online casino account with credit card has many benefits. Making a deposit with your credit card is very easy and in most cases funds are transferred instantly.
It is a secure method as online casinos use encryption technology to protect your details. Also, at most credit card providers payments above a certain amount are insured in the case of fraudulent activity.
When you request a cash out to be received on your credit card account, you need to submit certain documents to verify your identity, card ownership and other details.
This is to prevent identity theft, money laundering and other fraudulent actions. In most instances you only have to do this once per online casino account. After all necessary documentations has been reviewed and approved, your winnings will be cashed out within 24 or 48 hours. As a high roller you can enjoy faster withdrawal processing times.
Gamble aware with credit cards
When you use your credit card you use, as the name implies, credit. This needs to be paid back and sometimes with interest. Gamble aware and don’t use money for gambling you don’t have and/ or need to pay back with a lot of interest. Credit cards can be a great payment method to use, as long as you are aware of your budget and play within it.
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