Alternative Deposit Methods
Put that credit card away! This is why you should be using an e-wallet. If you are serious about playing bingo online you will need to get yourself an e-wallet.
An e-wallet is a third party company which allows you to add, withdraw, and transfer funds into an online account.
You put your money into your e-wallet using a credit card or bank account, you transfer your money into the bingo site you want to use, you transfer your winnings back into the e-wallet, you withdraw the money from the e-wallet.
How to pay on your favourite Bingo website is one of the first things you need to decide when you have chosen your games.
Unless you prefer to stay playing for free always, which is of course an option, the payment method you use to make your deposits is an important choice to make.
Fortunately, there is no shortage of secure systems for paying online. You will find e-wallets, credit or debit cards, or pre-paid methods that will enable you to enjoy the best online bingos and also the chance to win great prizes.
Usually, the method you chose to pay in a Bingo site will be also the one through which you will be paid. Just read ahead, and find out which one is the best for you.
Besides, you can always change it if you want to, so don’t worry about that either.
Depositing funds to your Online Bingo Account
As many online bingo players are aware, depositing funds into your online bingo accounts has become a bit of a chore.
With the inception of the governments feelings that terrorism funding has been used through the internet, many large credit card companies and banking institutions will no longer allow the transfer of funds from YOUR bank to any gaming institution on the internet.
To combat this, there has been an influx of online money transferring companies to aid you with your depositing transactions. Some of the companies however do charge fees which you, the bingo player, must incur.
In this article, I hope to help you find your way around the online banking world to aid you with your funding abilities for gaming.
Neteller is by far, the leading company in the world of online bingo. With Neteller, you are able to transfer monies from your credit card or banking institution to your Neteller account. You are then able to transfer your monies from Neteller to your online bingo account.
In most cases, you will be charged a fee for transferring the monies into your Neteller account but will not be charged to transfer monies from your Neteller account to your online bingo account. With Neteller, you can also apply for a Cash Card with which you can use in any ATM machine or POS Terminal.
PayPal is another commonly used online method of transferring monies into your online bingo account. With PayPal, the only requirement is that you have a checking account registered with them.
You use PayPal just as you would write a check. You write a check to PayPal and then transfer monies from PayPal using your personal identification number, into your online bingo account. Yes, there are fees associated with PayPal but they are not too bad.
WebMoney is fast become very popular as well. They, like PayPal, will require you to register your checking account and write checks to them to transfer to your online bingo account. There are no fees associated with writing checks through citadel.
Prepaid ATM is another means of depositing funds into your online bingo account. With prepaid ATM, you are issued a card with which you transfer monies to and then use to fund your online bingo account. The process is very simple and the costs are minimal.
InstaDebit is much like Neteller. Members can deposit to and withdraw from their accounts using credit cards, bank accounts and wire transfers.
With InstaDebit, you can also apply for a cash card with which you can use in any ATM machine or POS Terminal. Again, there are fees associated with InstaDebit and you will earn more spending privileges over time.
GiroPay is another means to fund your online bingo account. In recent times, GiroPay has added new features including an online wallet with which you can add funds to and transfer to your online bingo account.
GiroPay y has long been a favorite for some as they also will allow charges to incur to your phone bill instead of from your checking account. However, they do have limits so be sure to be aware of these limits before using.
SOFORT is much like Instadebit. Very simple. Just write a check and have the funds transferred to your online bingo account!
On Demand Funds allows you to fund your account using a checking account or credit card and even your telephone. Web deposits will not incur charges but phone charges will. This company will have you up and running in minutes.
Now, as for my suggestions: Set up accounts with EVERYONE. By doing this, you will never be at a loss of how to fund your online bingo account. Withdrawing from your online bingo account to one of your depositing institutions will be simple as well.
I also suggest that you use the SAME EMAIL ADDRESS for all of your online accounts including your online bingo account as this is one method for the companies to identify who you are.
Click2Pay – Click2Pay is ready when you are! All you have to do is log in to your personal account. You can then pay conveniently at all Click2Pay partner websites with your personal login. Your password guarantees that your data remains confidential. Signing up to this service is free of charge to users
UseMyBank – This is a very popular online banking institution for our Canadian friends. With this company, you can use a credit/debit card or your checking account and all personal information is kept between UseMyBank and you. The gaming company just receives the funds in your name.
PaySpark – PaySpark is an internet banking institution where the consumer can deposit money into their account using their Credit Card, ACH deposit via checking account, Western Union or Wire Transfers.
There are no fees associated with this account except if you leave your account dormant for over 90 days. If you hold a balance of $500.00 or more you will earn 2% interest.
StormPay – StormPay allows anyone with an email address to send or receive money. They accept Visa, MasterCard, e-check, money orders and more. No fees whatsoever and Instant Payments.
Trustly is safe, secure and gives you instant access to the online casino’s games. Best of all it is fast and easy to use, and is totally FREE.
To use Trustly and make a deposit to your Gaming Account now, all you need to do is provide the casino or bingo site the same information that appears on your checks, and they will send it to your bank the same way a store does when you write them a paper check: only the casino does it electronically.
Trustlyis a very convenient payment option, since you can make instant deposits using your bank account; the online gaming site will be able to send you refunds directly into your bank account. You can use this payment option only if you are located in Sweden.
ecoPayz – Fast and reliable online payment system. Use ecoPayz free of charge to purchase gaming credits.
Skrill– Purchase safely, in over 20 different currencies, when you use Skrilll. This is a great option for someone out of the US as they have so many currencies available.
Deposit/withdraw funds via credit card or bank transfer. Use your account to send/receive money to/from anyone with an email (also people who are not members yet. To send money costs around 1% and to receive it is FREE.
ACH – Some online bingo sites and gaming sites will do an ACH deposit directly from your checking account. These are very rare but something to look into.
PaySafeCard – provide consumers with an online payment mechanism that is private, secure, and accessible to those without credit or would prefer to remain anonymous.
You can fund your PaySafeCard account via online, telephone or even at some local stores such as grocery or retail stores and adding new locations weekly.
Wire Transfers – Yes, some online bingo and gaming sites still allow players to fund their accounts with Wire Transfers. There is usually a hefty fee associated with withdrawing funds via a wire transfer however and you will incur charges are on your end for the transfer as well.
Personal Check – Can you believe it? Some online bingo and gaming sites will take a personal check via postal mail but the wait time is lengthy.
Western Union – If you are in a bind and need to fund but do not have access to a checking account or visa/MasterCard, Western Union is a practical solution.
Visa / MasterCard
Almost all online gaming sites accept major credit cards such as VISA/Mastercard, two of the most widely used.
This means that if you have any of them, you can start playing almost immediately at any online gaming site.
Some websites also work with other brands such as Diners Club.
Although it is quite common for users to be reluctant to give their credit card data to unknown websites, the fact is that online gaming sites have secure systems to protect electronic transactions, lowering any risk to the point of making an online payment more secure than giving your card, for example, to a waiter in a restaurant.
Visa or Mastercard credit cards are ideal if you want to begin playing at any gaming site, but do not want to create your own user account with other payment methods such as Skrill, Entropay, or Neteller.
However, these methods work very well if you want to play more often.
You may consider subscribing to one of these electronic payment systems, because through them you will also be able to collect the money from your prizes.
Keep in mind that all credit cards work in one direction only.
This means that while making direct payments with a credit card such as Visa or Mastercard you will not be able to collect your money through them.
Sooner or later you will probably need to have a system that unifies your payments and withdrawals.
To sum up, credit cards may be the best choice for you to get into the best fun online for it is definitely the easiest way to begin playing and betting online.
Neteller is a global provider of payment services and money transfers in more than 180 countries worldwide.
Neteller solutions can be used by both individuals and companies alike and allows you to make a money deposit at any gaming site without the need to give them any of your financial information.
Neteller protects all your sensible data, and online sites receive payments directly through one of the following Neteller services:
Neteller´s e-Wallet is an electronic account for paying or receiving money that can be used in all types of online transactions. This includes online gaming sites.
First you must register at Neteller.com and credit some money to your account. Although registration and opening of an e-Wallet is free, some transfers and payments are charged with fixed commissions.
You can find more information about them at Neteller.com.
There are many ways to load money into your Neteller e-Wallet. The easiest one is via credit or debit card. If you don’t have any, do not worry, most local banks offer the possibility to make a deposit directly into your e-Wallet.
“NET +” prepaid MASTERCARD debit card
Neteller also offers the possibility of requesting a prepaid debit card, which is useful to make both online payments and purchases in local shops.
The “Net +” card is a Mastercard company product, so it will be accepted in stores that work with this credit card brand. You can also use “Net +” card to make a deposit at any online gaming site.
By doing so, both your private and financial information remain secured, because the casino can only charge you from the available funds in your Neteller account.
Unlike any credit card, “Net +” allows you only to spend the amount of money credited into your card.
This means that there is no risk of spending more than your budget allows you to, and therefore receive unpleasant surprises in your bill.
Astropay Card is an electronic debit card that you can use to make your online payments. It works in the exact same way as a credit card would do.
Using Astropay enables you to do exactly the same online payments and buy the same products you can buy with an ordinary credit card.
The greatest advantage Astropay has is that your credit line and information is never exposed to third parties, and therefore you can place your payments without the service provider ever knowing any of your financial information.
To use Astropay first you must sign in at Astropaycard.com. This process will take just a few minutes.
When your registration is complete, you can buy your Asropay card for one of these six available amounts: $25, $50, $75, $100, $200 and $500.
Then you must only select the payment method you want to use to buy your virtual Astropay card. You can pay by means of a bank transfer, a payment order or with your VISA credit card.
Once the transaction is completed, you will receive an e-mail with the confirmation of your purchase, your Astropay card number, its validation code, and expiration date.
It is with this card number that you can make any online transactions and, of course, a deposit at any online gaming site.
In order to make a payment with your Astropay card, you only need to select it as payment method on the website where you are buying a product or service.
Afterwards you will be required to fill in the necessary data, just like with any ordinary credit card, and your purchase will instantly become effective.
It is not necessary to spend all the credit available in your Astropay card at once. You can always use the money spared for future payments until there is no more credit left.
Moneybookers is now called Skrill, an online payment and money transfer provider with worldwide coverage that has been operating since 2002 (it changed its name in 2011 in order to unify with its mobile service provider).
Skrill enables you to have your own online cash account. When you register at Skrill you must provide your bank account information and that of your credit or debit card.
Once you do so, it will not be necessary for you to give again this information to any online store you wish to do business with. People or companies will receive payments from you without ever knowing your financial information.
You can credit your S krill account at any online casino as well, without the need to disclose your financial data and you will also be able to cash all prizes you may win playing online bingo, or any other of your favorite online games.
Withdrawing your money through Skrill is also done very easily. Skrill has a local payment offices network all over the world. This means you just have to go to your local bank and unify your Skrill account with your bank account.
You can also cash your funds by check, if you prefer to do so. The check will be mailed to you so that you can go to your nearest bank and get paid.
Skrill also enables you to get a prepaid debit card issued by MasterCard. This allows you to unify funds in your Skrill account with this debit card and use it directly for payments anywhere Mastercard is accepted.
You can even make online payments by giving your Skrill card number, therefore protecting the data of your other cards.
Just imagine how useful it would be to win a bingo prize at any online gaming site, cash it out instantly through Skrill and spend your money using the debit card you carry inside your wallet.
How to Deposit
Before you can start playing in an online bingo hall there are a few things you need to do. First of all you have to register, which is usually a quite straight forward and very quick process.
The second thing to do is to open and account and deposit money into it. There are usually several deposit options, and you should take some time to decide which method you are going to opt for.
Sometimes it is quite difficult to choose, especially if you have never played in an online gaming website. The following review will provide you information on the most frequently used deposit methods, and hopefully help you choose the one that suits you best.
Credit cards can be found as a deposit method on almost every gambling website. Visa and Mastercard will almost always be accepted, yet there are many banks that prohibit the use of their cards for depositing money on a gambling website account.
Before you decide to use Mastercard you should know that it only allows you to deposit money on the account, while it is not possible to withdraw your winnings directly back on the card account.
To do this you will have to use an intermediate method, such as another card or e-wallet. Websites sometimes charge and additional cost for using credit cards.
Debit Cards such as Visa Electron, Maestro, Delta, and Solo are the simplest and the most commonly accepted deposit methods. The difference between the two cards is that with a debit card you can only deposit the amount you have on the card, while with the credit card you can also use a credit (money you borrow from the bank). Not every debit will be accepted so make sure to read the banking options first.
E-wallets like Skrill and NETeller to mention the most famous ones, offer money transfer services for transactions made over the net. Most gambling websites include them in the deposit options, and they are very popular among players.
E-wallets are very easy to use. Once you have opened your e-wallet you can transfer money into it directly from your credit/debit card. The amount you have deposited can then be transferred to your online bingo account, while at the same time your credit/debit card details remain hidden. E-wallets can also be used to make a withdrawal and to deposit it on your bank account.
One e-wallet account can be used to play on several gambling websites. Transactions can also be made in foreign currencies. Keep in mind that there is usually a fee that is covered for each transaction, and the exchange rate can be unfavourable at times. However, these details depend on the e-wallet provider.
Bank transfers and checks are very often offered as banking options. While they are very easy to use and can be used both to deposit and withdrawal money checks will usually take much time before being processed.
PaySafeCard is one example of the prepaid cards that some websites offer. They are simple, fast, and have no additional charges. They come with a certain balance and can in most cases be recharged.