Many people have concerns about repeatedly exposing their financial details online. While online payments systems are by and large secure and safe to use, fraud can be a concern, especially when you are using your credit cards on many different sites, or giving companies your bank account details again and again.
eWallet sites help get around this problem by giving consumers a middleman in the process of making payments on the Internet. A person can simply verify their identity and give their financial information to the eWallet site, then make all their purchases using the eWallet account – providing a level of security between the online venders and the consumer’s finances.
With online casinos, eWallet sites add yet another benefit. Both deposits and withdrawals can be made from most real money online casinos using eWallets, and these transactions are usually processed very quickly, eliminating the long waits associated with withdrawals by check or bank wire.
Best USA Online Casino Accepting eWallet: Cafe Casino ($5000 Welcome Bonus)
Visit Cafe Casino for a $5000 Bonus Now!
Making Online Casino Deposits Using eWallets
Depositing to an online casino using an eWallet is a multi-step process. First, you’ll need to open an account at an eWallet that operates in your country (we have information on various popular eWallet sites below). In most cases, you’ll also need to register a bank account and/or a credit card with your account on that site. This ensures that the eWallet site can transfer funds from your bank account or card to the real money online casino you want to play at. Even if you don’t need to use your bank account to fund your online gambling play, it’s still a good idea to verify your bank account with the eWallet site, so that you can withdraw your winnings straight into your checking or savings account.
Once you have your eWallet account fully set up, the rest is simple. At the real money casino site, you’ll just need to enter some basic information about your eWallet, verify the amount you wish to deposit, and the money can be credited to your account (usually instantly).
It’s worth noting that, at the present time, most eWallet sites do not allow USA players to make gambling deposits, though many of these sites do allow Americans to open accounts for other purposes.
Specific eWallet Site Information
While all eWallets have some basic features in common, the specifics of how they work and where they are available can vary. Here’s a rundown on the major eWallet sites and what you need to know about each one.
Using NETeller for Real Money Casino Deposits
NETeller is one of the oldest eWallet sites on the Internet, and has always been associated with online gambling. It was originally founded in Canada, but is now located in the United Kingdom. Customers can fund NETeller accounts using a bank account, credit card or debit card, and can withdraw funds directly to their bank accounts or by receiving a check. NETeller also has a debit card system that can be used to withdraw funds as they are needed.
While most players from around the world will be able to use NETeller, there are a few exceptions; most notably, players from the United States can no longer use NETeller. In addition, while Canadian residents can still open NETeller accounts, they cannot be used for gambling transactions in most cases.
Moneybookers for Online Casinos
Moneybookers offers a tremendous number of ways to fund accounts, and is widely accepted at many online vendors – including most real money online casinos. It’s worth noting that in the coming months, the Moneybookers service will be rebranded as Skrill, but the service will remain identical.
Like with NETeller, users can upload funds to their Moneybookers accounts from bank accounts and credit cards, and also offers escrow services for those making purchases online. For most of the world, Moneybookers is a perfect way to fund an account at nearly all online casinos; the one exception, again, is in the United States, where Moneybookers only has very limited functionality for users (including a Moneybookers USA division that processes payments for eBay auctions).
PayPal Casino Deposits
PayPal is likely the single most recognizable name in online money transfers. Millions of people around the world use PayPal on a daily basis to make purchases and accept payments. Setting up an account is simple, making it a perfect solution for small businesses who want to accept online payments.
While not as many real money online casinos accept PayPal as the above options, you’ll find plenty of European-based casino sites that work with PayPal. Unfortunately, while people in almost any country can open a PayPal account, typically only those from European countries can directly fund an online gambling account using PayPal.
Click2Pay for Casino Sites
Click2Pay is an online eWallet company based in Germany. Account owners can deposit into their Click2Pay accounts using credit cards, debit cards, or wiring funds directly from their bank accounts. Funds can then be withdrawn back to verified bank accounts safely and securely.
While Click2Pay is available to most of the world as a real money online casino deposit method, and is accepted at most online casinos, USA players cannot open new Click2Pay accounts at this time.
ClickandBuy Casino Deposits
ClickandBuy is a London-based eWallet that boasts over 13 million customers from countries around the world. While it is a popular way to fund online gambling accounts, it is also accepted at many major retailers, including the Apple iTunes Store, AOL, Napster and McAfee.
According to the terms and conditions at ClickandBuy, American account holders cannot use their funds to make deposits at real money gambling sites (though they can open ClickandBuy accounts for other purposes). However, for most other players, ClickandBuy will allow you to fund your real money online casino accounts.
WebMoney Casino Deposits
WebMoney is an online payment system that is targeted primarily at the Russian market, though it does have a worldwide following. Money can be deposited or withdrawn using money orders, wire transfers, or by making cash deposits at company offices in many countries.
WebMoney is open to customers from most countries, but is less commonly accepted than many of the above eWallet options. In addition, USA players cannot use WebMoney to deposit into their real money online casino accounts.
InstaDebit Depositing Information
InstaDebit is an eWallet that’s available in most of Europe, servicing about 30 nations in total. Interestingly, customers from countries from outside InstaDebit’s operating zone not only can’t use the service, they can’t even visit the InstaDebit website!
InstaDebit is designed to be associated with a checking account, rather than with a credit card. There are no fees charged to individual account holders for making deposits or withdrawals from the service. Withdrawals are processed quickly, usually reaching your bank account in less than a week.