Casino Funding Methods
When it comes to withdrawals and deposits, there are plenty of options when visiting a casino. Speed, security, and other factors can affect which is the right choice for you. Some of the most common methods are outlined below to help you decide which suits you best.
Credit and Debit Cards
The bread and butter of payment options, credit and debit cards are accepted just about everywhere. However, some people are anxious about sharing their card details. Deposits tend to be quick, though withdrawals can take a little longer. There might also be regional restrictions. For example, withdrawals may not be possible with Mastercard in Canada.
E-wallets act as intermediaries between your bank and the casino, so financial details don't have to be shared directly with the casino. There are a number of well-known systems, including PayPal, Skrill, and Neteller. PayPal is perhaps the most widely used, allowing for quick deposits and withdrawals. Skrill is similar but has recently become unavailable as an option in Canada. Skrill can be used elsewhere, although small fees can apply. Neteller has the special feature of a debit card, allowing access to cash at an ATM or for shopping. Small fees may also apply when using Neteller.
Checks might sound old-fashioned, but they have evolved to include the eCheck (electronic check). This allows a player to deposit or withdraw cash from a casino without sharing their card details. Money transfers can also be very rapid (this may vary from casino to casino, though). On the downside, not all banks offer eChecks and not all casinos accept them. They do still require inputting sensitive financial information. An alternative is POLi, a very quick way of depositing cash with fees rarely incurred (and they tend to be small). The big downside of POLi is that you can make payouts but not cashouts, so withdrawing winnings will require another method. UseMyFunds is another option that may be available. It's akin to an e-wallet, but, unlike an e-wallet, money is moved directly from your bank account to the casino. Withdrawals may be possible but you'll need a Buyers account first.
A little more unorthodox than national currencies or e-wallets, Bitcoin is the most popular cryptocurrency in the world. It's also accepted by an increasing number of casinos. The anonymity of Bitcoin helps make it a secure way of depositing and withdrawing money. On the flip side, it can be more volatile than old-fashioned currencies, and it isn't accepted everywhere.
When using Bodog Casino you may find that credit/debit cards are your best bet, with direct bank transfers also available. In common with all casinos, be sure to check the website for details on how quick different methods are and to see the full range on offer.
Casinos provide a variety of means to deposit and withdraw cash, although some methods are more widely accepted than others. When deciding which suits you best, keep in mind security and speed.