Avoid having your winnings eaten up by fees and commissions associated with your payment option. Get paid within a time frame that suits you. Match your deposits and withdrawal methods to your lifestyle. Being smart about the payment option that you use will make sure that you maximise your ‘earnings’ from playing on online casinos and that depositing money to, and withdrawing money from, your account is simple and stress free.
Different payment options, different fees
Take a look at the casino payment options at your favourite online casino. Good casinos are usually transparent about all aspects of the customer experience, and so they should ideally list the charges associated with different casino deposit methods, and different casino withdrawal methods, too. Withdrawing money to your bank account might come with a flat fee of £25 attached, for example, whilst withdrawing the cash to your PayPal account could come with an associated fee of 3% of the total withdrawal amount. Do some calculations and work out which withdrawal method is cheaper for you.
Different payment options, different time scales
For many online casino enthusiasts, time is as (if not more) important than money. Sometimes, you want to get your hands on your winnings as quickly as possible. At other times, you may be more willing to wait. Again, take a look at what time frames are available for withdrawals from your favourite casinos. It may take 48 hours for a payment to clear to your PayPal account, for example, but up to 7 days for it to appear in your bank account. Many casinos offer their players the option of paying a higher fee in order to get their hands on their money more quickly. Work out whether these considerations are of prime importance to you, and select your payment methods accordingly.
Different payment options, different lifestyles
This paragraph is all about your personality. Some people love the slick convenience of a PayPal app, whilst others are more than happy to wait for a casino to send them a cheque in the post. Review the various payment options that are available for you and work out which one best suits your lifestyle. After all, there is perhaps little point in fiddling around with a smartphone app so that you can set up a PayPal or MoneyBookers account if you do not find this app intuitive to use and it would only save you 1% of your withdrawal amount compared to a bank wire transfer or a cheque.
Hot tip: keep your eyes peeled for free deposit and withdrawal bonuses
Every so often, online casinos offer bonuses in the form of free deposits and withdrawals. This means that players can funnel money in to their accounts, and withdraw their winnings without having to pay any fees or commissions to the online casino. Such bonuses tend to be time limited (often, they last a month). When you find one of these bonuses, it is a great idea to take advantage of it to the full and to make as many withdrawals as possible within the given time period.
A balance of three factors
Time, money and your own personal lifestyle preferences: these are the three factors that you need to take into account when deciding which payment method is best for you. It is worthwhile spending half an hour or so doing a little research into the various payment options available to you so that you can make your life easier in the future.