When it comes to topping up your bingo account via a deposit, or transferring your bingo winnings from your account with a withdrawal, it is pretty important that you have chosen one of the best bingo payment methods, especially as sometimes you are entitled to freebies when using some providers.
There are so many payment methods out there that it can be quite hard to see on face value, which one is going to work out the best for you and your needs. Luckily, most of them can be broken down into some simple pros and cons, and most players will find that they already have an account with one or two of the payment methods to begin with, which may aid the decision. If you’re stuck with your payment method options, here’s a brief run-down of what the most common ones are, and what they can do (or not do, in some cases) for you.
Debit and credit cards are usually the easiest to use. When using a debit or credit card to transfer funds to and from your bingo account the deposits are usually completed instantly and allow you to start playing straight away. However when you are withdrawing to your debit or credit cards it can take anywhere from three to five business days to complete. Each bingo site is different so it’s worth checking when withdrawals are going to be complete by reading the dreaded terms and conditions.
Bank transfers are a pretty simple way going about your payments although a delay of several business days for funds to hit your account may well put you off.
Some bingo sites also still you to deposit funds (and occasionally withdraw them) with a cheque. This outdated payment method really isn’t commonly used, and is hardly available anymore at all as it really does take far too long.
Then you have the e-wallets. Click and Buy is a simple e-wallet that permits the player to send money to their e-wallet and then transfer it on to their online bingo account, without the need for ever having to reveal their credit card details to the bingo site. This payment method is offered by most online bingo sites, and it is almost virtually identical to Click 2 Pay, Entro Pay, Instadebit, Moneybookers (now known as Skrill), My Citadel, My PayLinQ, Neteller, U Kash, Use My Bank, Use My Wallet and of course, the favourite, the hugely popular and ever common PayPal.
There are other alternative ways to deposit including Pay Safe Card. Most shops and newsagents will offer this card. Like when you buy phone credit, you are purchasing a code in the shop. This code is then entered into your Pay Safe Card account and then you can transfer funds to your account. It is a 100% safe way to deposit money, but there is a drawback. Pay Safe Card is not valid for withdrawals, and that is a major problem, because you will then need another account with another payment method to withdraw to.
Wire Transfer is another way to deposit and withdraw funds into your account as well, with the most commonly accepted option being Western Union, but again there can be as many complications with this in regards to fees and time delays.
There are many payment methods to choose from, but one important factor in your decision is to make sure that the one you choose can accept withdrawals as well as make deposits, doesn’t cost you too much, and is fairly rapid and secure. So make sure you have read those T’s & C’s, even if they are long winded!