Credit Card

With the advent of the Internet, soon after followed by online gambling sites, the Credit Card was once the commonly used method of transferring money to and from the online casinos.

To begin with, the banks treated casino transfers like normal purchases of goods and services. It didn't take long before the banks viewed casino deals as the purchase of virtual chips and thus a cash advance, and they increased the interest rate. The online merchants and casinos retaliated to this punishment of their customers by setting up alternative payment transfer systems and soon the Credit Card became one of the most expensive methods of transferring funds.

But the Credit Card is still used for transferring funds to casino accounts. The casinos use secure and modern Credit Card processing systems to guarantee the safety of each transaction on their site.

When a Credit Card does allow an Internet gambling deposit, they will often count the deposit as a cash advance, which has a fee attached. In addition, because alternative transfer systems are a lower risk for the casino, meaning lower fraud rates, the casinos prefer them and offer special bonuses which cover the fee amounts.

You can deposit money into your gambling account using Credit Cards - all sites accept both Visa and MasterCard.

Although gambling sites accepts Visa and MasterCard, some banks prohibit their cardholders from making transactions with online gambling sites. Moreover, the Credit Card companies themselves place restrictions on the amount of money you can deposit into and withdraw from online gambling sites.