Alternative Casino Deposit Methods and How They Work

Alternative Casino Deposit Methods and How They Work

Over the past few years, depositing money into a casino account has been made easier. The introduction of new methods of payment has promoted the ease of making deposits. There are some payments that only work in certain countries. There are also some methods that many countries in the world use. Casino accounts accept a large number of methods that can deposit money into them. These methods vary greatly, and they depend on the casino that the player opts to use.

Depositing funds into an account for the already registered players is quite easy. All you have to do is to log into your account. After accessing the account, you then proceed to the deposit field. After that, you can choose your preferred method of payment. Different means of payments will follow different paths until the funds finally appear in your gaming account. Some methods will transfer funds instantly while other methods will require a specified amount of time to reflect the funds. This article will look at the various deposit methods and the way that they work. As a player, it is important to note that not all the methods listed below are available in every country.

1. Paste and Pay

Paste and PayThis is one of the easiest ways to deposit money into your casino account. All you need to do is to open a Paste and Pay account. After you open an account, you can purchase a voucher for the amount you wish to use in the casino. You then proceed to the casino and present the voucher as your means of payment for gaming in the casino. This form of payment is quite safe because there is no fear of identity theft or any other security fear. In the modern society, there has been rampant identity theft across the globe. This is a method of payment that is user-friendly, as well as secure. And, because of this, it has brought a new freshness to online casino deposits. The voucher means that the players are able to fund their accounts hassle-free. Anyone in the world, no matter where he or she lives, can open an account with the Paste and Pay method of payment. The player can then deposit funds into his or her account using a MasterCard or Visa. The method of payment protects a player’s information well when he or she is using it.

2. American Express

American ExpressAmerican Express is a very good means of depositing funds in the online casinos. Players make payments at the end of the month or every quarter and after every fortnight, in some cases. The company uses very good security measures to ensure that the information about the players is always stored securely. When depositing funds into the casino with the card, a player uses a security code to make payments.

The casino does not keep the code. Therefore, hackers will not be able to steal the information.

Players who use the American Express card as a means of payment in the casinos are eligible for huge bonuses. Depending on the casino, these bonuses could reach up to 500 percent of the deposit amount. Multiple deposits can be made using this method. And, the casino can bill the player at the end of the month. A player only has to look for a casino that offers Amex as a means of deposit. Then, you are good to go.

3. MST

MST gift cardMST offers prepaid gift cards. There are a number of casinos that allow players to use these gift cards. You can buy the gift cards from a range of merchants. A Visa or MasterCard usually funds the MST gift cards. The cards are available in fixed denominations. These denominations are $20, $50, and $100. The $100 denomination is the largest. If a player wishes to deposit $150, he or she needs to purchase a $100 card and a $50 card. There is no restriction on the number of cards that one player can buy.
When depositing funds into an online casino, the player needs to go to the cashier section on the site. Then, the player should look for the MST logo. After the player clicks on the logo, then he or she must enter a code. Once the user enters the code, the funds will be automatically transferred to the player’s gambling account.

4. Skrill

skrillSkrill, formerly known as Moneybookers, has made the depositing of funds in the casinos a very easy task. The company offers players the chance to pay casinos using digital money. Most people are very skeptical when they use their credit cards and/or their debit cards to make any payments. The company can transfer funds into your casino account without using your credit or debit cards from your bank. Players can now make deposits from their banks using Skrill. There is no exchange of details from the casino to this method of payment. The players can now feel safe from the idea of identity theft.

5. PayPal

PayPalPayPal was one of the pioneers of the payment method that the industry calls an eWallet. PayPal is the most well-known eWallet across the globe. This method is not available to a large number of casinos. The company has a very conservative opinion about the gambling industry. Players can easily deposit their funds into their casino accounts. All the player needs to do is identify whether his or her casino of choice offers PayPal services. Then, he or she proceeds to his or her PayPal account. The player can then use the billing address feature to deposit the money into his or her chosen casino.

6. Neteller

NetellerNeteller is an eWallet method of payment. Online gamers are quite familiar with this payment because it accepts deposits for a wide range of casinos. Other eWallets do not like being associated with the gambling industry. But, Neteller has taken on this mantle with a lot of pride. The eWallet works in this way. Players can deposit money into the eWallet accounts and then use the eWallet to deposit money into their casino accounts. The eWallet ensures that the players do not divulge sensitive information to the casinos when transferring funds.

7. MasterCard

MastercardMasterCard has made it quite hard for players to use their credit cards to make gambling transactions. The credit card automatically blocks transactions that are in any way related to the gambling sector. However, the company has provided a new feature that is quite lucrative for the gambling industry. There is a prepaid version of the card that enables players to make transactions with the casinos. The prepaid cards are quite different from the credit cards. The company considers them to be virtual cash. Players can successfully use the prepaid cards to deposit funds into their casino accounts.

Conclusion

The alternative casino deposit methods are quite effective for players who wish to engage with the gambling industry. The methods are quite secure and a wide range of casinos offer them. The transactions carried out are to the benefit of the players, as well as the casinos. They are hassle-free and more people can take part. These methods also take place online, which makes it even more convenient to gamble.

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Thomas McCoy was born in Bethesda, Maryland and studied finance at the Kogod School of Business at American University in Washington D.C. before heading to New York and a job as a forex trader on Wall Street. Successful enough to launch his own, online forex trading platform, Thomas has long had a keen interest in the places where the worlds of finance and technology meet. As a prolific blogger, Thomas considers himself an expert on cryptocurrencies, casino asset restructuring, and emerging technologies set to change the way people do business.