As a rule, different players prefer different banking options. Since the goal of online casinos is to cater to the players' varying needs, every casino usually has a broad accommodation for several different forms of payment. These banking methods can be more or less direct and enjoy varying degrees of security, limitations and privacy. The following paragraphs will describe several of the more commonly preferred banking options.
Virtual Wallets at Online Casinos
There are many money transfer services that are accepted as currency by most casinos. These include such services as NETeller, MoneyBookers and Click2Pay. In each of these you can create a free account, deposit to the account, pay for services and withdraw your cash in a variety of methods. These are popular and relatively secure methods. They protect your privacy and banking information by serving as a go-between between the player and the bank. They generally handle smaller sums than regular bank accounts and so this limit also serves as a measure of protection.
Debit Cards have Limited Withdrawal
Debit cards such as Switch or Solo can be used to deposit cash in a casino. Unfortunately they are somewhat limited in their ability to make a withdrawal. Thus, a player can withdraw only up to the sum deposited via the card. Further winnings must be withdrawn by some other banking method. Of course, many casinos also accept credit cards. This is no more dangerous than purchasing other services on the web. Nonetheless, there are many people who fear that their private credit card information might thus become overly exposed.
Direct Payments to Online Casinos
Many online casinos accept a variety of direct payments. These can be checks, wire transfers or even money deposits (like UKash - which is available in the UK). Many casinos offer such direct withdrawal methods as well. Big winnings can often be cashed out either as checks or wire transfers (winnings at William Hill online casinos can be received as cash using their Quick Cash option - money is distributed at William Hill betting shops located in the UK).