About Debit Cards
There are two types of debit cards. The first is linked to your bank checking account and allows funds to be transferred almost instantaneously to the merchant of your choice. This method works very simply at the point of sale. When you wish to pay for an Internet purchase – in this case a deposit to an online casino – your debit card number and the transaction amount are submitted for approval. The amount is then immediately debited to your bank account and credited to your account at the casino. The second kind of debit card is a prepaid, reloadable cash card, which is also very easy to use. In this case, the amount of the transaction is deducted from the amount of credit you have stored on the card. Both types have a built-in limit – the current balance either in your bank account or on the card.
Where To Use This Method
Debit cards tend to be accepted at most online casinos. Casino operators appreciate the fact that payment is instant and guaranteed. Frequently, Internet casinos will permit debit cards to be used for withdrawals as well as deposits; in this case, the amount of the withdrawal is transferred to your bank account or credited to your rechargeable card. Due to the UIGEA, players residing in the USA are not allowed to make deposits to their online casino accounts with any type of bank linked debit cards, but only with the prepaid kind.
Advantages
The wide acceptance of debit cards is a big plus for online gamblers, who may be dealing with a casino located halfway across the globe. The cards are convenient and super easy to use, and provide for instant transfer of funds to your casino account so that you can play right away. Because the amount of the payment is deducted from your bank account or card immediately – unlike, say, a credit card -- you can keep better track of your funds and will not spend money that you do not have on hand. American residents will benefit from the fact that they can use the prepaid debit card to make payments to online casinos.