Moneybookers works by running payment through your email address. As long as players have email they can send, receive and transfer money between accounts. It is easy to transfer money without having to use credit, which is appealing to many online gamblers. All you have to do is set up an account with them and then choose where to send the money from.

Moneybookers assures no third party intervenes so players are left feeling secure. If, however, they want to use credit for transactions, it is possible but it provides the option of using bank accounts instead. There is a small fee for credit card payments, but no fee to receive payment.

While the method is simple, it does take a little longer because the money must first be deposited to your Moneybookers account before it is sent to the online casino.

Considered an established payment option, NETeller has been around since 1999. Customers who choose NETeller are said to do so because of their experience in the online payment industry. There are two types of accounts that online gamblers can choose to open. The first one is called “NETeller Express” which supports all major currencies. There is, however, a deposit limit equal to 2500 pounds (to be converted depending on your currency).

The other type of NETeller account is called an “Extended Account” and has a much higher deposit limit than the Express Account, along with other account freedoms like client-to-client money transfers.

Transfers are only instant when using a debit or credit card, all other bank transfers can take anywhere from two to five days and there is a 1.75 percent fee charged to all transfers. NETeller does not serve US customers (although it can convert to and from US currency).

Wire transfers can take on many forms, most commonly, the bank transfer. Transfers are easy and, most importantly, very secure so online casino players are comfortable using this option. Put simply, all you have to do is transfer money from your bank account into your online casino account and you are ready to play. This method is also regarded as a fall-back method of payment because players know they can count on the transfer and their money will not get lost in between. In addition, many countries accept this form of payment and therefore currency exchange is both accessible and equal.

The disadvantages of this option and a big reason why people choose other methods of payment, is the processing time from bank to casino. It can take anywhere from three to five days and the problem with this is that people want an instantaneous option that allows them to continue playing at the time of the transfer. Having to wait a few days is unacceptable to someone looking to play right away.

Click2Pay is an automatic money transfer that offers a high level of security. Customers must open an account and register a telephone number where they can be reached. A member of the click2Pay team will then contact the customer to verify the information. Having the middle man handle the money transfers means the online casino operator never has access to your account which makes for the utmost security. Adding to that, Click2Pay spends a lot of money on encryption technology so their customers can open accounts without feeling as though their security is at risk.

While they offer 24-hour customer service, the phone numbers are not toll-free. In addition to that, Click2Pay is unavailable to U.S. customers so access is limited. Players must also answer a lot of personal information in order to open an account, which is off-putting to many who like the option of anonymity.

ClickandBuy is different from other online payment options because it is an online billing system and can be used to make deposits and withdrawals to and from your online casino account. It is a simple and secure method of payment, allowing for quick and easy transactions.

The biggest disadvantage about ClickandBuy is that it is only available to players from Canada and most European countries. ClickandBuy says they will make their system available to both North American countries once online gambling is fully legalized in the US.

Visa and MasterCard are an accepted form of payment for online casino players from Canada. Credit Cards have always been a favourite for online purchases because the transactions are simple and easy to track on your monthly statements.

Credit cards are convenient because they allow you to begin playing immediately, meaning your payment goes through right away. Also an advantage is that the payment is secure so players do not have to worry about fraud. The online casino ensures complete security.

A disadvantage about using credit cards to make deposits into online casinos in Canada is that credit card usage is very regulated by banks and credit card companies. When they see that payments are being made to online casinos, they often stop the payment. This leaves players unable to deposit money into their accounts and forced to look for another route for payment.

This type of money transfer was designed especially for Canadian consumers. Players can transfer money directly out of their bank account and into their online casino account. No credit card number is required (from InstaDebit or merchants who are registered with them) so your security is protected. InstaDebit also offers a page on your account that allows you to track your payment history.

The downside of InstaDebit is that it is only offered to Canadian residents and can convert currency to Canadian or US only. There are also fees associated with each withdrawal, forcing players to make larger withdrawals to avoid the penalties that come with numerous, smaller ones.