Online Casino Deposit Fees Explained
Whenever you're making a payment or transferring money, someone is making money through what's referred to as fees. This is true for online gambling establishments as it is not always free to add money to your account. The question is who covers these charges? Either the sender or the recipient - learn everything about casino deposit fees here.
Casino Deposit Fees
When you register a real money account with any casino, you'll need to pay to play some games. Deposits will almost always be charged - some betting sites will cover the deposit fees for you, especially the big brands in the industry.
To find out whether or not a game site charges for deposits, make sure to read their policies that will be found under "Banking or Cashier" sections if not, you can contact the casino's support.
Note that while some sites may cover the charges for players, international transactions may be charged by your bank issuer. As such, you'll need to check this with your bank as it has nothing to do with the gaming site. There is a wide range of payment options; therefore, charges may well vary on the choice of the method you use.
Choosing the Best Payment Method
The last thing you want when you begin to gamble online is inconvenience or hassle because doesn't paint a good picture for your future experiences with that betting website. It is, therefore, very important that you examine the payment options provided to ensure that your preferred method is available in your country of residence. Discussed below are some common payment methods available across many countries:
- Credit and Debit Cards: Typically, this method could require you to pay a fee of up to 2.5% of the total amount with which you credit your account, usually deducted from the deposits. You've got to be very careful if you're depositing to receive a bonus. Check the minimum amount needed to activate the bonus to ensure your total deposits include the fee too.
- E-wallets: These are popular across betting operators around the world. Most top game websites won't charge you for funding an account through e-wallets, but some will do. Whether you'll be charged or not, deposit fees will not go beyond 5%.
- Prepaid Cards: They include vouchers such as Paysafecard and Ukash, and while most sites let you pay without charges, the ones that impose fees are in the range of 5%.
Currency Exchange Rates
The vast majority of online betting houses operate in many countries across the globe. What does this mean? It means that they accept multiple currencies starting with the major ones comprising Euro (EUR), Great Britain Pound (GBP), the United States Dollar (USD), Canadian Dollar (CAD), and the Australian Dollar (AUD).
If an operator doesn't provide your local currency, you will have to convert your deposits that will cost you between 2% and 5 % on top of casino deposit fees. Remember, however, you have a lot of options when it comes to online casinos. Choosing a site that supports your local currency will be much economical and you'll not have to worry about exchange rates when depositing money.