If you’ve read our previous article regarding the various deposit methods available for those who want to try their luck at online casinos, then you’ll know about the advantages and drawbacks of the different types of services and the ease and costs of those deposit methods. This article will be the first in which we’ll take an in-depth look at each payment in turn and discuss why it is or isn’t the right method for you.
The obvious place to start is the most popular method of either a credit card or a debit card and there are differences between the two. The simpler debit card is just a direct connection to your bank account but contrary to popular belief it is possible to go ovedrawn. Whether you can or not depends on you agreement with the bank - some debit cards do not ask for bank authorisation and some do. Those which do may well refuse the payment if there are insufficiant funds and you do not have an overdraft facility. There should be no charge for using a debit card when you deposit money into a casino.
A credit card is a slightly different beast - you are essentially borrowing money under the terms of an agreement you hold with the credit card provider. While credit cards are a convenient way to buy goods and services, you do pay for the privilege of borrowing money. Costs can include annual fees for just having one, interest charges on the borrowed money and a what’s known as a cash advance fee, especially when using one to deposit money at an online casino.
It’s fair to say both methods are extremely trustworthy and backed up by the largest financial institutions. They are also virtually instantaneous so for the impatient among you they can offer a convenient way to make you first deposit.