Online Gambling is the use of the Internet to place bets on games of chance. This includes online casinos, sports betting and virtual poker.
Gambling can be addictive and there are specific associated risks, including gambling fraud, access by children and vulnerable people. These risks can lead to harm.
Depending on your local legislation, you may be restricted to one or more primary methods of funding an online gambling account. Regardless, here are some of the most commonly used and safest ways to fund your account:
The two major global credit card associations, Visa and MasterCard, have a special coding system that merchants must follow in order to process transactions. The code lets issuers distinguish between traditional credit card purchases and online gambling transactions.
Pre-paid cards are a great way to fund your online gambling account if you’re concerned about keeping your gambling transactions out of your main credit card statements or want to limit how much you spend on them. They are also widely accepted at regulated gambling sites in the United States.
If you’re looking for a faster and more secure withdrawal method than the online banking options mentioned above, you might consider using a physical check. These checks can be mailed to you, but are a bit more time-consuming than online bank transfers.
Some payment processors that handle a wide range of businesses are not covered by the new law, but those that deal exclusively with casino payments do. As a result, you should not send your money to a company that handles these transactions unless you know it’s an official casino.