When choosing an online casino payment method, many players have found themselves torn between credit cards and web wallets. The two mechanisms are quite different to one another, and both have pros that make them attractive options, so how do you decide which one to use?
The best place to start is to learn a bit more about both methods. When you know what they entail, you can choose the one that best meets your personal requirements.
Credit Cards At A Glance
Credit cards remain one of the most popular payment methods accepted by online casinos. When you receive a Visa, MasterCard, or other credit card from a bank or other institution, it comes with a certain amount of credit.
If you use the card to make purchases or casino deposits, the issuer will charge interest on outstanding balances brought forward. When using the card as a payment method at an online casino, you will have the chance to register the card with the site.
Doing so saves certain details to your profile, which streamlines future deposits. The only detail that will not be saved to your casino profile is the security code printed on the back of the card. There are no hidden charges for making credit card online casino deposits, although some sites may charge a small processing fee.
Deposits are usually processed immediately. At gaming sites that accept credit cards as withdrawal methods, withdrawals usually take between 3 and 5 days to process. Credit cards are safe to use, thanks to cutting-edge SSL encryption technology used by the service provider as well as by major online NZ casino sites and in other regions around the world.
All About Web Wallets
Skrill, Neteller, PayPal and other web wallets are internet-based payment services. You would need to create a web wallet account for free at one of the services’ websites, and then you need to link it to your bank account or even a credit card.
Once the link has been established, you can transfer money from your bank account to your web wallet. You can then use the web wallet as a payment method. When making an online casino deposit, you will be prompted to log into your e-wallet and confirm the payment, which should be processed instantly. Most web wallets charge a fee for withdrawals.
Online casinos that accept the method for withdrawals usually process them within 24 to 48 hours. Web wallets are safe to use as payment methods because they also use SSL encryption to protect players’ personal data.
Food For Thought
If you would rather not have to go through the admittedly minimal effort of setting up a web wallet and connecting it to your bank account, it may be worth considering using a credit card.
That said, using cards at online casinos requires discipline on the part of players. It is probably better to play with the funds you do have, rather than gambling on credit. One of the biggest pros of using a web wallet is that they can help you manage your gaming spend.