Online Gambling Money Transfer

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Money Flow and Payment Systems Information

Online gambling presupposes purchasing virtual chips for the chance of winning money. For that reason an automated system for money transfer between a player and an operator should be established. Numerous online payment systems offer online transaction services between the parties.

Most important criteria in evaluating online payment systems are as follows:

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  • Immediacy.
    Most players and online casino websites operators expect immediate payment of wagers. Players, in particular, may appear deeply unsatisfied with any operator that does not immediately transfer or post winnings and make them available for withdrawal.
  • Security.
    Players will be hesitant to gamble with an online casino unless they are guaranteed that funds in transit reach their intended destination and that the information does not expose them to unauthorized withdrawals or charges.
  • Cost-Efficiency.
    The cost of fund transfers must be inexpensive relevant to the size of a wager. If the opposite a transaction costs may be too high resulting in an inability of an online casino operator to provide a product competitive with traditional way of gambling.
  • Anonymity.
    It is common for online gamblers to remain anonymous even from the gambling operator. This can be based on lack of trust about how the gaming operator will use personally identifiable information, or fear that his gambling way may be exposed to others including law enforcement, employers, bankers or family members.
  • Availability.
    In order to be useful for online gamblers any payment method should be available. Some payment methods may make sense but are unavailable either they have not obtained market viability or because the providers have withdrawn their availability to gambling websites because of legal concerns.
    It is highly advised to measure all payment systems you would like to be integrated with your casino against these criteria.

Cash In Process

Most of reputable online casinos and poker rooms offer more than one payment system to enable online gamblers fund their real money accounts. Offering multiple payment options is sure to attract more online gamblers to your casino website. Online casino payment methods have significantly evolved over the past years.

Though using credit cards as account funding method is one of the easiest and secure at reputable online casinos, alternative payment options are available in abundance. The most wide spread payment systems use the e-wallet concept. It means that a person deposits money to their e-wallet using a credit card or bank account and after they pay online for services and products, including funding online casino account, using funds of the e-wallet. This way of payment is considered to be the most popular. Such popular payment systems as Neteller, Moneybookers, e-gold, Webmoney, etc. work on the e-wallet basis.

Another way of depositing money to an online casino account is direct money transfer from a user bank account to the account of online casino. While many players are nervous to do this, it is completely secure as the casino never sees your bank details. E-check is a good example of direct money transfer.

Finally, there are direct and wire transfers, where a player manually makes a transfer to a bank account, and once the deposit is verified, the money is added to their casino balance.

Cash Out Process

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Optimizing the cash our process in your online casino is the issue of prior significance, because fast money withdrawal plays an important role in building positive reputation of your online casino in the online gamblers society. Fast and secure cash out is a key point in building loyalty of online players towards a particular casino. In case a gambler experiences any difficulties with getting their wins his not returning is obvious.

Slow winnings payment to card is the most wide spread complaint of online gambling lovers. The fact conditions the necessity of making the cash out process as prompt as possible. Moreover, casino software utilized while building an online casino should offer online casino operator the opportunity to check whether the player hasn’t violated the rules and gambled fairly. Online casino software should have a database with detailed statistic of every transaction that has taken place.

If you’re a fan of card games, casino tables, sports betting or other diversions, you have surely explored your options with real cash at a brick-and-mortar gambling destinations or bookmakers. On the other hand, there is a whole world of real money fun online, and we would love to help you in getting familiar with the best casinos, sports sites and other for-money gaming hosts out there, whether you are a fan of Bingo, money trading, slot machines, or other gambling exploits.

The online entertainment and gaming market is huge and getting bigger by the year as new, innovative feats in graphics and trends take over. That’s why we’ve put together detailed insights into the most prominent sub-industries of the online gambling landscape, so stick around for exhaustive information on how to choose wisely and make the most out of your online experience.

Topics to Explore

There are many ways to play for real cash online – the market caters to virtually everyone from absolute newbies to seasoned players or traders, and the variety is impressive. Nevertheless, involving your hard-earned cash online comes with certain risks and a thorough look at the available possibilities is necessary in order to make the best decision on where to take your money next. Our site focuses on helping you do exactly that – so let’s start with introducing the biggest real money industry sectors in the UK.

Secure Online Casinos

Online operators continue their reign as a favoured spot for those enjoying games made popular by gambling hubs such as Las Vegas or Monte Carlo. There is an immense variety to choose from – those who prefer card and table classics can head straight to the top gambler picks such as blackjack, roulette or baccarat, while fans of the one-armed bandit can browse the vast offer of slots, both in more old-school and ultra-modern renditions! The availability of live dealers and croupiers will appease those who are looking for a real casino feeling in the comfort of their own home – and we’ll show you where to go the best live experience! Additionally, our guide will help you get the hang of the growing trend of mobile casino apps and give you the rundown on using PayPal to gamble online.FIND OUT MORE!

Outstanding Online Poker Spots

Unlike many casino games that are built around on the idea of chance, this card favourite requires a bit more than just luck to secure a victory – and the skill needed to succeed in real-life poker is indeed reflected in its online adaptations. There is a myriad of options for players wishing to take their hopefully winning hands online, but the choice may be too overwhelming if you don’t quite know how to navigate the world of online poker. That’s why we’ve done the dirty work and and are ready to give you some insights on how and where to find the best play spots and most attractive bonuses, as well as a comprehensive look into mobile options and other related topics. Just follow the link for more on this exciting topic!EXPLORE POKER!

Online Gambling Money Transfer Rates

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Sports Betting Online

Sports betting is hugely popular among people who follow a plethora of sports – from football, through horse racing, to tennis and beyond – and thus enjoys the largest chunk of the gambling market online. Apart from helping you choose the best online bookmakers in terms of security and reliability, our guide will give you the lowdown on the best and most rewarding welcome bonus offers, as well as aid you in familiarising yourself with the mobile app aspect of betting – a trend that has experienced a pronounced uptick since the ascent of smartphones. If you’re wondering about using PayPal at online bookmakers, you will be lucky to find in-depth information about this service while also picking up useful tips on finding sites with the most advantageous offers.ALL ABOUT BETS

All About Online Trading

If you’re neither a gaming enthusiast nor a sports bet buff, you might find trading on the financial markets an area of interest. Indeed, so-called ‘day trading’ is for professional investors an exhilerating way to make money that some might say is akin to real money gaming. It is a favoured pastime for thousands of people due to the accessibility of different options as well as the ease of entry into the market. As with other real cash exploits online, no win is guaranteed; nevertheless, our guide will help you establish which type of activity works best for you and which tools you can use to make the most of your experience.FIND OUT MORE!

Gaming Segments by Popularity

Thanks to the aforementioned diversity in online gaming, there truly is something for everyone – even if you don’t enjoy casino games, poker, betting or trading. In fact, there is a segment of many fun games for money that don’t necessarily fall into any of the previous categories, but are very sought after nevertheless. For instance, Bingo is massively popular due to how easy it is to get into and how low the deposit threshold lies. Then there are others such as Keno, scratch cards, Deal or No Deal, as well as numerous ways to take part in the lottery online. Nevertheless, the four market giants remain clearly visible on the online landscape, as you can see in the following graphic reflecting the market 2015.

Online Gambling Money Transfer Credit Cards

Overview of the Most-Used Payment Methods

If you’re playing for keeps and with a winning goal in mind, you will have to invest real funds into your online experience and try to turn your deposits into payouts. There are plenty of ways to deal with finances while gambling online – the mechanisms for depositing and withdrawing have had to adapt to main consumer trends are therefore very diverse as well. Let’s have a look at some of the most common money transfer schemes in online sports betting, casino, poker and other real cash games.

E-Wallets

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If you’d like to have increased privacy protection combined with ease of use and a fast processing time, using an e-wallet service might just be the right choice for you. Even though these payment methods are nowhere near as common as the good old debit card, services such as Paypal, Skrill and Neteller have enjoyed a steady increase in use by many fans of online gambling (not to mention a huge bump in other online consumer sectors). Due to the fact that these services serve as a secondary payment source, your account information is protected, as is your identity, making you less susceptible to fraud and identity theft. An additional benefit is being able to use e-wallets in various currencies – which is especially handy for trading fans!

Prepaid Cards

Another handy option for online money transactions are prepaid cards, which also enjoy a quick processing and are therefore ideal for gambling, betting or trading. As the name suggests, these card must be pre-loaded in order to be used, either through a primary account or with cash. These cards are good for consciously limiting one’s spending, while some may even offer some cashback rewards. The most common prepaid tool in the UK is Paysafecard, which is accepted in many online casinos, betting, and gambling sites. You might, of course find other accepted prepaid options, including an occasional option for a particular site’s own prepaid system, such as NetBet’s Ecard.

Bank Transfer

A more traditional approach to moving money online would be sticking to the old-fashioned bank transfer, also referred to as wire transfer by many. This involves sending and receiving money directly from and into your account – so, depending on the type of provider you are dealing with, this method may be used for both deposits and withdrawals. You also enjoy a bigger privacy – as you don’t disclose your personal information to any website apart from your online banking. Nevertheless, some fees may apply for this method – so do make sure to read the fine print before you get into the gambling mode.

Using Real Money Online: Things to Consider

Now that you have an overview of online transaction types, we’d like to make sure you know what to look for in choosing the best platform for online gambling and entertainment involving real money deposits.

Secure Payments

It is natural to look at online money transaction services with a certain degree of scrutiny– especially if it involves the cash you work for on the daily! That being said, there may be a few bad apples out there when it comes to online gambling hosts, so it is indeed always a good idea to double check the operator’s encryption standards and data protection policy to make sure that your financial and personal information is handled in utmost confidentiality! Watch out for software seals guaranteeing trusted encryption methods – usually displayed visibly on every reputable site – and play with confidence that your deposits and withdrawals are safe and secure. The good news is, online payments are far from being a ‘new trend’; this type of money movement has become so commonplace that regular oversight and therefore secure handling is a given with the majority of online vendors in any market! In the graphic below you can see wich payment types lead the online payment pack and can observe the growing trend of carrying out payments on the mobile phone – an increasingly attractive medium due to its convenience and speed.

Reputable Entertainment Platform Knowing your money is handled by a responsible gambling partner goes hand in hand with knowing that the operator of your choice is indeed a legitimate and reliable one. To avoid any unpleasant surprises such as phishing or scams, you ought to make sure to select a provider that has got all the necessary registrations and licensing by an authorised regulatory body in the right jurisdiction. With UK-based operators you will encounter the UK Gambling Commission seal, often accompanied by approvals from a Malta or Gibraltar-based licensing organisations. This information, as well as seals of approval from any monitoring bodies such as GLI or TST, should be displayed clearly on the operator’s homepage, and further details on what regulatory measures are in place can be found on the websites of the licensing and regulatory bodies.

Different Currencies While UK-based online gambling operators conduct their transactions in pounds, there may be some situations where you deal with a different currency – for instance in poker or trading. In cases of cross-currency transactions, the current (i.e. day-specific) exchange rate will apply to the conversion.