There are a few reasons as to why banking options are so important at online casinos, with the most obvious being the fact that we are talking about players’ hard earned cash, and that is every reason for the banking processes at online casinos to be convenient, quick and easy.
Online CAD casinos now offer players in Canada various banking methods that it can actually become quite difficult choosing which one is best. The truth is, there isn’t really one better banking option, there is a number.
Some have higher fees than others and some are safer than others, but it essentially depends on where the player is situated and what their preferences are. What truly matters is having a good knowledge of all of the available options.
Credit and Debit Cards
Certainly the most popular of all of the betting options for depositing funds into the accounts of sites available to Canadian players, credit card and debit card options most commonly include Visa and Mastercard and Visa Electron and Maestro, respectively.
Transactions are instantaneous and there is not often a processing fee for player deposits with these options, however, the processing time with withdrawals will generally take a few working days.
American Express, on the other hand, gets a bit trickier, with lengthy delays when it comes to withdrawals on top of fees for depositing as well as withdrawing funds, which is exactly why it is less commonly found at online casinos.
Regional Deposit Methods
One of the reasons banking options are so important when betting online is because regional deposit methods aren’t available to all players due to the fact that every country has it’s very own methods when it comes to making deposits.
What’s more, every software provider also has their preferred deposit methods too, with some online betting sites offering different software will often have differing banking options. This is why it is a good idea for punters to explore various banking options.
E-Wallets & Pre-Paid Cards
An option that many players in Canada choose when they are worried about the safety of online casino transactions, an e-wallet is basically an online account that players are able to deposit money into to then be used at the various online casinos accept them.
The most commonly used e-wallet and pre-paid cards include Paypal, Skrill, Instadebit, Paysafecard, Ukash, Neteller, Click 2 Pay and Click 2 Buy. These methods all allow for free deposits and instantaneous processing times.
Many Options for More Convenience
The most vital thing to understanding the importance of banking options is convenience. Some casinos will run special offers on deposit bonuses, whereby players can only take advantage of a bonus by using a specific banking option.
What’s more, not all banking options are eligible for withdrawals and will only offer the option to deposit, which is another reason it important for players to check the many options that they explore beforehand.
Thus, with the above in mind, it is clear that exploring various banking options is important for the players using them, much like it is important for online casinos to offer many options if they wish to appeal to a larger audience.