In order to make a transaction at a mobile casino, you need some form of online banking method. In today's e-commerce culture there's a huge array of reputable banking options available, many of which are suitable to gamblers around the world including Canada. Many variables come in to play when choosing the digital mobile casino banking method that suits your needs, but it's important your chosen banking method is safe, secure and convenient.
Debit and Credit Cards for Mobile Casino Banking
If you're looking for a fast, easy and efficient way fund your account, then your Visa or Mastercard debit card are probably the best options. Due to restrictions in countries including Canada and the UK, credit cards are no longer a viable depositing option. Because of internet security issues, many people are wary of giving all their personal details to mobile casinos and prepaid debit cards are an ideal solution to this problem.
High and Low Points
- Fast and easy for both deposits and withdrawals
- Option of prepaid cards
- Security risks - fraud/theft
- Gambling activity appears on your bank statement
Funds Transfer
A funds transfer is a digital banking method which enables you to transfer money from your bank account directly into your mobile casino account. Examples include: Interac, Instadebit and UseMyBank. Interac is a specific method of online banking in Canada and most mobile casinos have this as a banking option.
High and Low Points
- Safe and secure
- Control over excess spending
- Not always instant
- Can't always withdraw winnings
Web Wallets
Also known as e-wallets, web wallets allow you to store your money and then send and receive payments online. Pay Pal, Neteller and EcoPayz are the most popular ways of topping up your mobile casino account in Canada. All you need to transfer funds using Pay Pal is your email address, while Neteller uses an account number.
High and Low Points
- Safe and secure - no need to give bank account details to casino
- Can be funded by debit or credit card
- You need to set up a specific account to use these banking platforms
- As these are intermediary/middleman services fees apply
Prepaid Vouchers
Vouchers such as Paysafecard can be purchased in millions of brick and mortar stores and business globally. You simply buy the voucher and then key in the 16-digit PIN code in the banking area of your favourite mobile casino. Another example of cash vouchers is Neosurf which can be used in Canada and in more than 50 countries around the world.
High Points and Low Points
- No need for debit card or e-wallet account
- No need to share personal bank account details
- Spending does not appear on bank statement or e-wallet
- Can't always withdraw using this method
What Goes In Must Come Out
Some mobile casinos won't allow you to withdraw your winnings using the same method you deposited with, so it's vital that you check out their withdrawal methods in the banking section before you part with your cash. If this is the case, the most popular ways of withdrawing are via bank transfer or cheque.