Today, the number of different payment methods on the internet is vast. We are going to help you through some terms and offer a short guide to the safest alternatives. There are many different “e-wallets”, or “e-banks” to choose – we can make the choice easier.
Wire Transfer (WT) and Instant Wire Transfer (IWT)
With a WT, the player gets the possibility to transfer money to and from the casino account from a bank in the player’s home country. The WT can be deposited and withdrawn in the player’s national currency. This transfer is allowed in every country. You simply deposit money in your own currency, and the bank exchanges it into the currency in question. The exchange rate is set by the bank.
An Instant Wire Transfer (IWT) is an electronic transaction of funds from one bank to another. The casino account is credited directly after it has received the transaction. To use an IWT, you will need to contact your bank and ask them to transfer the funds to the casino account per the specifications you have received by the casino. If you have any questions, please contact the casino customer support.
The biggest advantages with Wire Transfers are the lack of any middleman parties and it’s very safe. You receive the money directly into your every day account without the hassle of moving funds around. The only disadvantage is that it can take a little longer to receive the money, but you may find it worthwhile.
Recommended Payment Methods (e-wallets)
The biggest advantage with e-wallets is that online casinos rarely add fees to transactions made with an e-wallet service. Be aware though that exchange rates tend to be quite poor with e-wallet providers if you choose to play in a different currency than your own.
There are, as mentioned above, many solutions for payments over the Internet. The majority of the big casinos work seamlessly. On all good casinos, and definitely all casinos we recommend, there will be clear information about the technology of their payment systems, encryption, what alternatives you as a player have and more. If you feel slightly hesitant, simply contact the customer support. Don’t deposit money to a casino you are the slightest bit suspicious about. All big firms in the business are very particular about their transactions as they often involve large sums of money, either being deposited or withdrawn. The worst outcome for a casino and a payment provider is that they receive a bad reputation. As with everything else that involves money, your common sense will be your greatest asset.