Online Casino Banking, Deposits, and Withdrawals

When you play games at an online casino for real money, you first have to open a player account and fund it from another financial source, traditionally a bank account, credit card, or other financial product. This is known as online casino banking – making deposits to your casino account is necessary to build your online bankroll, and online casino withdrawals are necessary to get your hands on your casino winnings.

Online Casino Deposits

Making a deposit to an online casino is just like making any retail purchase over the Internet, unless you live in a part of the world where online gambling is restricted. In the United States, for example, federal regulations prevent banks and other financial institutions from doing direct business with real money online gaming sites, meaning you can’t just deposit funds to an online casino with your debit card or by a bank transfer.

However, in most of the world, such restrictions don’t exist. To make a deposit to the online casino of your choice, all you need to do is establish a player account (by providing the casino with a few personal details) then load money onto your player account via your debit or bank card.

Thankfully for gamblers, like those in America, where deposits to casinos are restricted, alternative online casino banking means have been established. eWallets, which act like go-betweens for your bank account and your online casino account, are very popular legal loopholes for gamblers to make deposits without breaking regulations. Prepaid credit card deposits are another popular loophole around laws restricting casino deposits.

Online Casino Withdrawals

Every online casino has a different lineup of withdrawal methods, ways for players to return their casino winnings to their bank account or their wallet. In areas without financial restrictions, withdrawals directly to your bank account or credit card are the fastest and most convenient, while gamblers in restricted markets have to depend on eWallets, wire transfer services, or even checks sent through the mail to receive online casino withdrawal payments.

Examples of Online Casino Banking

Let’s look at an established and popular online casino and its lineup of banking options to give you an idea of what deposit and withdrawal methods are common in the online gaming industry.

Grand Parker Casino Deposits & Withdrawals

As of this writing, GrandParker Casino accepts deposits using your credit or debit card (branded VISA or MasterCard), Skrill, NETeller, EcoCard, UKash, Click2Pay, and ClickandBuy. The last six of those are either eWallet or prepaid voucher services that may or may not be available in your country.

As for withdrawals, Grand Parker prefers that you use the same method to receive payments that you used to make a deposit. This is common at online gaming sites, though it is not a requirement. In some cases, you may not be able to use your deposit method for a withdrawal, in which case you can have the casino write you a paper check and have it delivered by postal mail or courier. To find out more about the specific deposit options at Grand Parker, contact their customer service department.

Tagged with: online casino deposits • online casino withdrawals