Online Bingo Deposit Options

Online Bingo Deposit Options

When players make the decision to play online bingo, they will have to decide whether they will be playing free games or playing those that can offer astounding real money payouts. Anyone that will be playing for cash will have to create a player account at the chosen site. This is an easy process and will involve providing basic information to the site to set up the account. Once this is done, players will then choose a deposit method so they can add money to their account. This is the only way for players to enjoy ongoing real money bingo games and while there is a financial risk involved, it does offer the excitement of gambling from home and presents players the chance to win standard games as well as side games and even progressive jackpots.

Each bingo site will have different banking methods that will be offered and these methods can vary for players based on their locations. Most sites will have a decent assortment of methods so that just about any player from anywhere in the world can fund their account and begin playing these great games for great payouts. Before making any financial decisions, players will have to learn a bit about the different banking methods that are available, especially if this is their first time playing real money games online.

Credit Cards

Credit cards are the most popular payment option for anyone that gambles online and the leading bingo sites will support these methods as well. Most sites will accept major credits cards like Visa, MasterCard and Amex, so there are some great choices available. Unfortunately, credit cards cannot be used by all players. Those that reside in the United States and who are playing at an off shore bingo site will be restricted from using credit cards due to the passing of UIGEA in 2006, which prevents any US bank from processing payments to or from gambling sites outside of the US.

For most, using a credit card is the easiest way to fund and manage any real money account. Players will simply enter the credit card information through the cashier at the site and the info will be verified. Once this is done, players will choose how much to add to the account. The amount will be billed to the credit card and will appear on the monthly statement. It is the responsibility of the player to pay the amount every month. Once a credit card is registered at a bingo site, it can easily be used to make any future deposits. This method of payment is one of the easiest and safest available and cards are used by players on a daily basis.

eWallet Services

An alternative to using a credit card is an eWallet service. There are a number of services that are frequently used by online gamblers and these can include Neteller, Skrill and PayPal. When using these methods, the player will first have to sign up with the service. They will then have to fund that new account using another method of payment. Once sufficient funds are in the new eWallet account, players can simply visit the bingo cashier and select the method of payment. They will be redirected to the ewallet site and will enter their information to conduct the transaction. Ewallet deposits are instant and as soon as they are conducted, the money will appear in the bingo account for use. These methods can also be used to conduct withdrawals when winnings have been generated from the real money bingo games that have been played. eWallet services are safe and secure and are very easy to use. With fast and simple transactions, these methods are among the most popular for players online. eWallets are the second most popular method of payment behind credit cards and the leading services will always offer great protection and easy account management.

Other Methods

Not every player will have a credit card or wish to use an eWallet service, so there are other methods of deposit that can be used at leading online bingo sites. In addition to the mentioned methods, there is also the ability to use a prepaid card. This card can be purchased at retail locations worldwide or online. Players will purchase the card for a specific amount and then redeem the card online. This can be done for an instant deposit. Most prepaid cards will not support withdrawals. With a prepaid card, players will always remain anonymous and no personal or banking information will ever have to be provided.

Another way to make a deposit at a bingo site is to use a bank transfer. The bingo site will get the money directly from a provided bank account and this is also an instant transaction, Bank transfers cannot be used by all players, but they are a nice way for fast and secure deposits when available. It is also possible for players to use a wire transfer service to fund their accounts online.

Banking Security at Sites

Playing bingo online for real money does pose a risk and based on what banking option has been selected, some personal information may need to be provided to the bingo site. The best sites will process all deposits and withdrawals using secure encryption software so that all information is secure. Any information that is provided will be stored securely at the site and will only be used to manage the bingo account. Sites will have privacy policies in place that let players know their information will not be sold or traded with any third party.

All of the mentioned payment methods are safe and secure and offer a fast and easy way to get started playing real money bingo games online. With hundreds of sites available and a multitude of options for payment, players from all over the world can quickly get started and benefit from the payouts that are offered at leading bingo sites. Players do need to keep in mind that there may be some fees incurred when using some of these methods, so they should always do a bit of research before making a decision.