If you want to participate in online gambling, you need to learn how to put funds into your account. Unlike in real world casinos and betting stations where you simply walk in to the cashier and exchange your money for chips or tickets, funding your online account can be a little more complicated, especially if you consider yourself as someone who is a bit technologically challenged. At any rate, you can take comfort in the fact that most, if not all, online payment systems are designed to make financial transactions on the Web a lot easier for users.
Credit cards have always been the most widely used means of payment on the Internet. So, when it comes to online gambling, it is not surprising that a huge percentage of all players use their credit cards when buying credits or funds for their gaming accounts. But there are just some problems when you use credit cards in funding your account with online casinos or sportsbooking operators. For one, credit card transaction linked to online gaming carry higher interest rates compared to ordinary credit purchases. The reason is that financial institutions look at Web-based gambling as a very risky activity.
To help address the drawbacks posed by credit cards to players, many online gambling sites began offering other payment platforms. As a result, electronic wallets have become the next most popular method of funding a player’s online account. There are many companies that offer electronic payment solutions for all types of transactions, including online gaming. For a time, even PayPal allowed online gambling transactions. But after its acquisition by eBay, PayPal stopped processing Web-based gambling activities. One very popular electronic wallet system specially designed to cater to online gamblers is Click2Pay. You can also opt for ePassporte, an electronic wallet that allows the account holder to anonymously pay and receive funds from anywhere on the planet.
Lastly, you can also use regular checks when buying chips or putting funds in your online gambling account. Some sites even accept money orders. Indeed, no matter how advanced the Internet has become, gambling sites still accept conventional modes of payment. The only drawback with these two payment methods is that their amounts cannot be instantly credited into your account balance. You have to wait for a few days for your check or money order to clear and the amount to be reflected in your total gambling funds.