Credit Card Casinos
A credit card is of course not used exclusively as a payment method in casinos. It is a general payment method that you can use to pay everywhere. Because it is convenient to use, it is also true that it is used by almost everyone in all kinds of situations. In the case of use in the casino, there are several advantages to be mentioned. This makes it very safe, but also very flexible. Because the credit card is a worldwide payment method you will regularly find that online casinos give extra free spins or various other types of welcome bonuses to new members.
Moreover, it offers you the option to pay afterward. So you can always play immediately. In addition, it is also true that credit card companies can offer a lot of help when there are problems. There are also disadvantages to this method. Because payment has to be made afterward, it can sometimes be substantial amounts of multiple deposits that are settled.
That also often involves a relatively high-interest rate. All of this also comes with costs for using the card. A very different disadvantage is the fact that it is generally only possible to deposit with it. A second method is then required for paying out. This is not immediately the case with other methods. It is therefore also important to take a closer look at that in order to get a good picture.
Online Casinos with support for Credit Card Casino
Transaction costs and limits of a credit card
A credit card is exactly what the name says. It is a card with which you can buy on credit. In fact, it is simply the case that the company whose card you have just advances the payments you make and then repays them afterward. You generally do this once a month. This is the case, for example, when you make deposits into your account at an online casino.
The costs charged for this vary greatly per casino. Often it concerns the costs of € 5, but the costs are increasingly being omitted because other methods do not entail costs. The advantage of using the credit card is that the deposits are generally very flexible. For example, the minimum deposit that you have to make with this method is quite low at most casinos.
Usually, it is enough to deposit € 10 to play. There are some casinos that deviate from this, but there are very few. That is different for the deposit limits. They can vary greatly. On average, the limit is somewhere around € 2,500. This can also be a monthly limit. That does not alter the fact that there are casinos that go very strongly over this. There the limit can go up to € 20,000.
Although it must be said that this does not happen very often and that there are conditions attached to being allowed to deposit such amounts.
Advantages of online casinos with a credit card
There are quite a few advantages to using a credit card in an online casino. This is one reason why players make so much use of it. It concerns the following issues.
- It’s safe. There is a considerable degree of security when it comes to the use of credit cards. This is for example because the companies have been active for a long time, much longer than many digital services. For example, you can cancel your payment if something appears to be wrong.
- It is flexible. It may well be that you are playing nicely and therefore want to deposit well a few times. This is then money that you may not immediately have available. It can then be agreed with the credit card company that this will be reimbursed in stages. You can work with this very flexible.
- You can pay afterward. In line with flexible payment, it is also important to know that payment can be made afterward with a credit card. This generally happens at the end of the month. You can, therefore, deposit directly into your account, even when there is no money in your bank account.
- Use customer service. The credit card companies have been around for a long time. This is also evident, for example, from the good customer service that they offer.
Cons of a credit card
Although it sounds like a credit card only offers benefits to players, there are of course some disadvantages to the method. This is mainly due to the way money is handled. The following matters play a role.
- Pay off hefty amounts. Although it is nice that the amounts do not have to be immediately available when you make deposits, it is true that the money still needs to be paid off later. If you have made several deposits within a month, it may mean that you will have to pay a very large amount at the end of the month.
- High-interest rates are sometimes charged. Paying off the credit card is of course nothing other than repaying a loan. That also means that you have to pay interest for your loan. That interest can be quite high at credit card companies. Higher than is calculated with normal loans.
- Costs for use. Using the credit card also means paying immediately. The costs of use are quite considerable. That means that you lose part of your profit to the payment method you use. This is unfortunate.
- The second method needed for payment. In general it is only possible to deposit with a credit card. That means that you always need a second payment method to get paid if you win. This cannot be deposited directly into your credit card balance.
How does depositing and paying with a credit card work?
Working with a credit card at an online casino is actually very easy to call. Moreover, it is arranged very quickly. You go to the page where you arrange the deposits and withdrawals at the casino. On that page, you indicate how much you want to deposit. You then need your credit card number, your name, and your expiration date to verify everything. In addition, additional verification is required at online casinos.
This is usually done by the three-digit CVC code that is placed on the back of the card. This ensures extra security. When you have done all this, the amount will be transferred directly by the credit card company.
This is then settled at the end of the month. As will be known, there is actually no possibility to cash out with this method. Therefore, there are no steps to this. In that case, choosing a different method is a better idea; here is for us Dutch iDeal of course the most trusted payment method!