Getting your hard-earned money to and from your online casino account can be quite risky these days, especially with scammers and thieves lurking around the corner. Besides, some countries place tough restrictions on financial transactions involving online casinos, making it difficult for ordinary people to gamble online.
Using credit cards is the most common method for online transactions but many credit card companies no longer authorize credit cards for online gambling activities. Some banks can process credit card transactions for online gambling as cash advances, which entail a transaction fee and an interest rate.
Many gambling sites accept bank drafts and bank wires aside from the usual credit cards. However, these transactions are slow and cumbersome procedures, requiring you to mail the bank draft or wire. There is also a transaction fee of about $20 or more. Bank drafts and wire transactions take several days or even weeks to get processed and approved.
Paying by cash is not only risky and inconvenient but also impossible for most online casinos. This means that there is only one safe, easy and fast way to fund your online gambling account, and that is through a third-party online payment service.
There are several well-known online payment services on the Internet, but the more famous ones are Neteller and Firepay. These two companies have been around for many years and have a good track record for quality of service and reliability.
Why are third-party payment services such as Neteller very important for your online gambling activities? These services are easier, quicker and much more convenient than credit cards and bank drafts. All you need is to enter your bank or credit card details at your online payment service account and they will perform quick and easy transfer of funds to and from your online casino account.
Unlike credit cards where you have to worry about identity theft and credit card fraud, online payment services protect your financial details from the hands of thieves and scammers. These companies use the latest state-of-the-art security procedures to keep you safe and worry-free.
Using your online payment service is easy. After you have signed up and your account is activated, you can use it to deposit or withdraw money to and from your online casino account. You can use your credit or bank account to fund your online payment service account. Most transfers of this kind take 1-3 days and are free or require a small fee.
There’s no reason why you should not use a good online payment service. Not only it is easy and convenient, but it also frees you from all the worries and hassles of performing financial transactions on the Internet, so that you can concentrate on what’s really important – your gambling.