We know how important it is for you to be sure that your money uploads are made safely and that is why we have made these brief notes about Online Payment Methods.
We recommend you to use online wallets to manage your money. However if you prefer the traditional methods, it is still important that you know the advantages and the disadvantages of each one of them.
Popular Online Wallets:
Moneybookers: Moneybookers is the online wallet that we usually recommend, as it is accepted as a payment method by the majority of the online bookmakers. Moneybookers offers accounts denominated in a variety of currencies and offers local payments in over 30 countries, which makes it exceedingly convenient for residents of those 30 countries to use. Even members located in other parts of the world can still interact with Moneybookers using a credit card and SWIFT transfers. Moneybookers is not useful for gaming purposes to residents of the United States.
We have a Moneybookers guide to help you create your Moneybookers account: Create your moneybookers account.
Neteller: Neteller is among the most popular of the online wallets, and for good reason since almost every gaming company in existence accepts Neteller payments. They are licensed by the FSA in the United Kingdom, and though they did experience some bumps in the road and corresponding negative publicity when they pulled out of the U.S. market, they have proven themselves to be a major force in the online wallet industry. Neteller accounts can be denominated in a wide selection of currencies.??Residents of the United States cannot use Neteller to process payments to or from gaming operators.?
Paypal: However Paypal is the largest and most well-known online wallet system, it is not accepted by the majority of the bookmakers as a money transfer method.
Traditional methods:
Credit Cards: Credit Cards are the most popular payment method for online sportsbooks. You can use your normal credit card to upload funds to your account, much the same as you would use it to buy something on e-Bay. Bookmakers require an intensive verification for credit card deposits in order to reduce the risk of chargebacks.
Debit Cards: A debit card or check card is the kind of card that you use to remove funds directly from your bank account. Using check cards or debit cards for gaming transactions is simple and easy if you are from the United Kingdom where these transactions are legally recognized. Hence it is easier for bookmakers to process money transfers from banks that are situated there.
If you are not from the United Kingdom, you will probably find it difficult to use your check card for gaming transactions. Most people solve this problem using a Virtual Credit Card Service often provided by the bank, that allows anyone to create a temporary Credit Card out of their debit card.
Checks: Online bookmakers do not accept checks very often because of the long time it takes to process the deposits. However you may still find some bookmakers offer available for your withdrawals, especially in bookmakers from the United States of America.
Bank Wire Transfer: These kind of transfers are not immediate. Wire transfers are usually sent using the SWIFT network. In order to make a wire transfer to an online bookmaker, you have to take the instructions that they provide you with to your bank for execution. If you want to receive your profits via bank wire, you have to provide your bank account coordinates to the bookmaker.
Post edited by jmpereira on 10 February 2010, 13h09
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