Online Gambling Payment Guide

Liban Casino > Online Gambling Payment Guide

Playing online casino games and betting at sports matches can become a rewarding pastime. However, that enjoyment of yours can be taken away from you if gambling is not allowed in your country. This is especially the case for most countries around the world. It will be even harder for you to enjoy casino games if you live in the Middle East.

There are many security measures that Middle Eastern players like you must do. One of these factors is the part where you have to choose a secure payment method before you place wagers on casino games and sports matches online.

Some of the most trusted online casinos offer a variety of different payment methods. You must use a service that can guarantee smooth transactions for deposits and cash withdrawals.

Here are some of the popular payment methods widely used by gamblers worldwide:

MasterCard

MasterCard is one of the most widely used payment methods used for both offline and online transactions. It is a major debit/credit card brand that both local and international banks issue.

This is also used by many millions of people around the world. This is because almost everyone owns a physical bank card that is issued under this brand. Most online casinos still accept this type of method because of its broad coverage. Mastercard is widely used in more than 210 countries.

Deposits made in online casinos with MasterCard should be quick since all that you will need to provide are these details:

  • The name on your card
  • Your card’s number
  • The card’s expiration date
  • The three-digit security code printed on the back of your card
  • The amount that you want to transfer to your online casino account

Deposits are easy with MasterCard, but most withdrawals are not. Some online casinos do not allow fund withdrawals using this method anymore. This means that you would need to use a different option instead.

Withdrawals in online casinos can be hard if the payment method is linked to a land-based bank. There are risks involved when you choose a credit card to fund your online casino account. This is because you can loan a certain amount from the bank. You can be tempted to go beyond your bankroll limit for the amount of money you can borrow from the bank. This means you are likely to exceed your budget more than necessary if you are not cautious.

Online casinos tend to be careful of the possible occurrences of money laundering issues. The casino can be questioned by bank companies should they let pass any form of unauthorised laundering.

This is why extra layers of account verification procedures are observed for all members of an online casino. Doing so will prevent both the player and the online casino from facing any form of unwanted huge fines and legal charges in the future.

It is recommended that you only used MasterCard for your online transactions for wagering if the gamblings laws in your country are lenient.

Neteller

Online gambling and Neteller go hand in hand. This is because there are many online casinos and sportsbook sites that have a great relationship with this popular e-wallet service.
Neteller is a digital wallet where you can store your money for all your online transactions. You can deposit money to your account in various ways. Here are the following options how you can transfer money to fund your Neteller account:

  • local bank deposits
  • credit cards
  • free debit card deposits
  • international bank transfers

There are also other local options you can choose from. These will depend on the country of your residence. You will find some online casinos to offer exclusive bonuses to players who use Neteller as a payment method for deposits. This is one of the most widely used e-wallet service trusted by online gamblers because of the benefits it provides.

Neteller is an excellent choice for gamblers who do not want to share their bank details with a casino. This is because there are particularly large fees when players use a different payment method for deposits and withdrawals.

This is a wise choice for Middle Eastern players to prioritise easy use and instant online transactions. One of the best features of Neteller is that it can be used for many different purposes. This includes topping up your online casino account with funds instantly.

Skrill

Skrill is one of the largest e-wallet services worldwide. It is also widely accepted by every online casino you will find. This e-wallet service does not permit players from the United States to make casino payments. Luckily, nearly everyone else can use Skrill to instantly transfer cash to their selected online casino.

Skrill is an online payments company that allows you to make transactions and transfer money to various countries worldwide. It was founded in 2001 and owned by the Paysafe Group. It is a trusted firm that caters payment services online, in person and other channels as well.

Skrill charges the least often as well. This means you will have more funds to spend on your favourite casino games and sports matches! E-wallet services are guaranteed to provide you with nothing but safe and faster online transactions.

Bitcoin

Bitcoin (BTC) is a peer-to-peer network and a digital form of cryptocurrency. It is transferred directly to the online service or the person whom you intend to receive your funds. You need to set up a Bitcoin wallet to use this. It is transmitted and mined under a blockchain. This is how all transactions made with this type of cryptocurrency remain private and untraceable.

Bitcoins are accepted by some online casinos. You will find many Bitcoin-only casinos that offer awesome bonuses for players who prefer this payment option. Cryptocurrencies are very easy to use for online casinos because it is instant. Additionally, cryptocurrencies are a lot safer to use because no one will know who you are.

Here are some out of the many advantages of using Bitcoin:

  • it is instant
  • increased anonymity
  • it is decentralised
  • your Bitcoin purchases will not be taxed
  • it is secure

No one can steal your Bitcoins or freeze your account. This is made possible by the absence of a central regulating authority in the system like land-based banks. You own your money and control all of your online transactions.

ecoPayz

ecoPayz is an online e-wallet that is linked to an ecoAccount. It is provided by the United Kingdom-based company called PsiPay Ltd. This has to be opened on the ecoPayz website.

This is another variant of an e-wallet service that is accepted by a large number of online casinos in the industry. This lets you make withdrawals using a prepaid card. It grants instant deposits that come with low fees. Additionally, you can also make withdrawals with this digital banking method. This payment method supports many currencies worldwide. The only negative thing about EcoPayz is that it isn’t widely accepted by online casinos.

PayPal

PayPal is one of the largest online payment methods that is trusted by millions of people in the world. It is considered as a giant company that can carry out huge amounts of transactions per hour. However, it is not quite as widely accepted by online casinos. This is caused by the fees that PayPal charges users for.

PayPal only works with online casinos that have a gambling licence in your country. For instance, a user with a PayPal account from the United Kingdom will only be permitted to deposit from his PayPal account if the online casino has a gambling licence in his country.

Large fees are usually linked to transactions that are made with PayPal. This is why not everyone uses this service for one’s online gambling transactions. Moreover, large payments can take more than two weeks before they are transferred.

Casino Bonuses

Casino Bonuses can grant you an additional amount of money. This is made possible every time you make a deposit when you use a certain payment method. Some of these options are more suitable for online casinos.

Many bonuses are offered by online casinos. Each of these bonuses has its special use and benefit.

The types of bonuses will depend on the online casino that offers it. This is why you need to check if a particular bonus will suit your demands and needs. Casino bonuses like match deposits and reloads bonuses are perfect chances to gain extra funds to your casino bankroll.

Here are other payment methods accepted by online casinos:

VISA

VISA is one of the most widely used payment methods utilised by online gamblers. This is accepted by most online casinos. One advantage of using this is the safety and security that comes with it. However, you need to keep in mind that any transaction that you shall make online will reflect on your bank statement.

This is not just popular for deposits as it also makes a nice choice for withdrawals. It is one of the easiest payment methods along with other credit and debit card brands. Simply visit the deposit section at your chosen online casino and input your card details. The money will be transferred instantly to your casino bankroll.

VISA normally doesn’t charge any fees when you use it to deposit or withdraw funds. However, you need to check to make sure if the online casinos make charges for this method because some online casinos do!

Entropay

Entropay is commonly accepted at online casinos but is not one of the most widely used payment options. It is a virtual VISA card. This can be funded directly from your bank account. The money is transferred instantly to an online casino of your choice.

The EntroPay Virtual Visa can be used for payments online where Visa payments are also accepted. It also lets online casino players withdraw funds from their casino accounts just as instant, easy and safe.

Instadebit

Instadebit is another type of an e-wallet service that is accepted by most online casinos. There are many players worldwide that prefer this method because of how easy it is to use.

This is because Instadebit charges low fees to process online transactions. This feature makes it one of the most affordable ways to add funds to your online casino account.

Click2Pay

Click2Pay is another type of popular e-wallet service that is accepted by online casinos. However, it is not used as much, unlike most e-wallet services.

Transactions made with this e-wallet are instant. Additionally, the more you use it, the more money you’ll be permitted to transfer. This is because Click2Pay uses a rating system where regular users acquire higher limits. You must be aware that some online casinos charge for transactions made using this e-wallet service.

Paysafecard

Paysafecard is perfect for gamblers who do not intend to share any bank information online. This is because it lets you deposit at an online casino using cash. You need to go to a store that sells

Paysafecard vouchers. You buy a voucher to acquire a code. This will be entered into the code into your Paysafecard account. Paysafecard fees usually have low rates. Sometimes it will not even charge you.

Cheque

Cheques are offered by casinos that don’t permit withdrawals. Many online casino players avoid this type of method. This is because it usually takes some time before it gets issued. Additionally, they take a longer amount of time before they are cleared in a bank account.

Cheques are safe and reliable if you do not have any other withdrawal options. You will still get your money at some point.

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