Prepaid cards are becoming more and more popular among players from all over the world as they are extremely convenient and most importantly, safe to use. A number of reputable online casinos accept this type of payment method as these cards seem to have everything one gambler needs in order to make deposits with ease. Moreover, besides for gambling, it is also possible to use them for purchasing goods and services at various web-based stores.
Prepaid cards are essentially payment cards which contain a predetermined amount of money. They are sometimes referred to as stored-value cards and can be a great alternative to the players who face issues for one reason or another when using their credit or debit cards. You can buy prepaid cards from a number of land-based and web-based stores as they are extremely widespread. There are several types of prepaid cards which make them suitable for all players, regardless of their needs and personal preferences.
Advantages & Disadvantages
What makes prepaid cards perfect for players is the fact that they offer a high level of convenience and security like no other payment method. What is more, these types of cards are considered by many even safer than cash as if they get stolen, the zero liability protection comes into effect. Another great advantage of these cards is that you can get them from numerous stores. This way, you can take advantage of all the benefits a bank account offers, however, without having to go through all of the hassle of opening one.
Most types of prepaid cards are anonymous, meaning that you no longer have to enter any sensitive information on the casino website in order to make a deposit. The fixed amount the prepaid card contains is not linked to a particular bank account which adds an extra layer of protection. Some online casinos which accept prepaid cards encourage players to use this payment method by offering them exclusive bonuses if they fund their account via such a card.
By using a prepaid card, you have a better control over your money since it is loaded with a fixed amount in advance. The fact that you are given access to a limited amount prevents you from overspending. With such a card, there is no risk of getting carried away gambling and going over the funds you have initially set for the respective session. Furthermore, in most cases, if you make a deposit via a prepaid card, your casino account will be funded almost instantly.
More Advantages & DisadvantagesAs it became clear, the advantages these types of cards offer are quite a lot. However, prepaid cards also have some drawbacks which you should consider in advance. In most cases, prepaid cards have fees which can be charged on a monthly or annual basis, depending on the type of the card you are using. Unfortunately, the fee you are required to pay in order to maintain your card active is not the only one. Depending on the additional services you request, some other charges may apply as well. For instance, if you make an inquiry to check your current balance or if you reload the card, it is possible that you might be charged extra.
Another major disadvantage is the fact that in most cases, you cannot withdraw your winnings by using a prepaid card. You need to choose a different payment method instead if you want to cash in the funds you have won. This can be rather inconvenient if the online casino of your choice doesn’t offer another suitable payment method for you. For this reason, it is best to check your options in advance in order to make sure you will be able to get your winnings trouble-free.
Using Prepaid Cards for Gambling Transactions
If you intend to use a prepaid card for funding your casino account, you need to first get familiar with the available types of these cards. This way, you will be able to consider all aspects of the respective card and find the one that suits your needs best. It is also really important to choose an appropriate card because of all the fees that apply when making transactions. There are three types of prepaid cards which have proven to be suitable for gambling – reloadable, disposable and virtual cards.
Reloadable prepaid cards are the cards which can be topped up once the amount in them is used up. These cards operate in the same manner as their standard debit card counterparts, with the difference that you can fund them in several ways, for example, with cash or with a direct deposit. Usually, when you purchase the card, you can use the money in it instantly. This means that you can fund your casino account without having to wait for the card to be activated.
However, bear in mind that some cards require you to complete a few step in advance before you can use them. Since this aspect is strictly individual and it depends on the type of the prepaid card, it is best to get familiar with it beforehand. Prepaid cards of this type which are issued by leading companies and have brands such as MasterCard, Visa and American Express are a widely accepted payment method in a number of online casinos. In order to transfer funds to your casino account via a prepaid card, you need to use the unique PIN code written on it.
The second type of prepaid cards are the disposable ones. As their name hints, they cannot be reloaded once the amount in them is finished. They also have an expiration date which is usually a few months. It is possible to buy prepaid cards which contain different amounts as they are available in several denominations. Most gift cards belong to this type since they cannot be reloaded.
Using Prepaid Cards for Gambling Additional TipsOne of the most widespread prepaid cards of this type which is accepted by a staggering number of online casinos is Paysafecard. In order to fund your casino account with it, you need to enter a unique PIN which always contains 16 digits. All you need to do in order to make a deposit is to simply select Paysafecard as a payment method, fill in the code and the amount you want to transfer and confirm the transaction. After that, you can enjoy your favorite game as the money will become available in your account instantly. Disposable prepaid cards are the perfect option for gambling as they provide you with incredible privacy and convenience.
The third type of cards which is suitable for transferring money to a casino account is virtual prepaid cards. These cards are gaining popularity more and more among players as they have proven to be especially convenient for gambling transactions. Some of the most popular prepaid cards of this type are ecoPayz and EntroPay. Both have quite a reputation in the online gambling industry as highly reliable and safe. In order to use them, you are required to register first and then, fund your account.
Fees for Gambling Transactions
In general, online casinos don’t charge any fees when players top up their accounts or withdraw money. However, certain payment methods such as prepaid cards typically require you to cover transaction fees when making deposits. The fees that apply in such cases depend greatly on the type of prepaid card you have chosen to use. This is the reason why you should always familiarize yourself in advance with the terms and conditions and with the fees that might apply.
For instance, if you use the prepaid card Kaiku Visa, you will have to pay a monthly fee of $3, whereas, if you pay via the prepaid card AccountNow Visa, you won’t be charged on a monthly basis. However, users who have Kaiku Visa should be aware that if the amount of their deposited funds surpasses $750 per month, they won’t have to pay a maintenance fee. With this card, there is no fee for international currency conversion either and also, you won’t be charged anything for card inactivity.
If you choose to use Paysafecard Mastercard in order to top up your casino account, you should know that there is an annual fee of €9,90 which applies. The fee is charged when you get your prepaid card for the first time as well. Every time you load the card with money in order to make a deposit, a fee of 4% of the total sum applies. The minimum amount with which you can top up the card is set to €1 and the maximum – €1,000 per day. Also, bear in mind that there is a 2% currency conversion fee.
Additional Fees for Gambling TransactionsAnother option you have, when it comes to making deposits at online casinos, is to use Entropay. This prepaid card is accepted in a number of casino websites as it has proven to be a suitable payment solution for many players. Creating such a card and opening an account is entirely free which is very convenient as it enables you to try it without paying anything. However, if you don’t use it for a period of six months, it becomes inactive and a fee of €3.75 is charged on a monthly basis. The good news is that there is no fee when purchasing products or services online.
In case you opt for the virtual prepaid cards by ecoPayz, you will be able to transfer funds to your casino account free of charge. However, depending on the type of the EcoCard, some other fees may apply. There are four account levels – Silver, Gold, Platinum and VIP, all of which offer different payment conditions. For instance, if you have a Silver account, the maximum amount per a single transaction you will be able to transfer is €700, whereas, if you have a VIP account, it is set to €1,000.
In most cases, if you use a prepaid card to make a deposit, regardless of its type, the funds will be transferred instantly to your casino account. The fact that it is possible to top up a casino account within a few minutes makes these cards extremely convenient and simple. Thanks to them, you can save yourself efforts and time as all you need to do in order to transfer funds to your account in a swift manner is to complete a few simple steps.
For instance, in order to deposit money for gambling via Paysafecard, you need to simply enter the unique code, select the amount you wish to transfer and confirm everything by clicking on the relevant button, often labeled as “pay”. However, if you happen to experience any technical issues during the processing time and the transaction cannot be performed, the amount will be sent back to your account with a few minutes. In such cases, it is best to wait for a while and try once again a bit later.
Being able to transfer funds to your casino account instantly is very time-efficient as it gives you the chance to play whenever you wish and you don’t have to wait days in order to gamble. This is the reason why more and more casino websites are adding this payment method as an available option to make a deposit. Although the processing time for funding a casino account is instant, bear in mind that withdrawing money via a prepaid card is often not possible. Therefore, it is best to choose an alternative method in advance so that you can take advantage of your winnings.
Most of the popular prepaid cards have dedicated mobile applications thanks to which you can make deposits to your casino account instantly and securely. Paysafecard is a good example of a reliable payment method which offers user-friendly apps for both Android and iOS users. You can download the apps directly from the official website of the company by using a mobile device which supports one of the aforementioned operating systems. Thanks to them, you can check your balance whenever and wherever you wish and this way, manage your funds better.
If you are reluctant for one reason or another to get the app, you can simply access the web-based version instead in order to log into your profile. It should be noted that in order to be able to top up your account with Paysafecard, the mobile casino of your choice has to offer this payment method as an available option. The whole procedure for making a deposit on a mobile device is pretty much the same as depositing money on your computer. The only difference is that you need to enter the security code and the exact amount you wish to transfer on your smartphone or tablet by using the touch screen technology.
Depositing money via prepaid cards on your mobile device is extremely simple and convenient as it gives you the freedom to top up your casino account regardless of the place and time. You are in charge of your funds at any point and you can check your balance whenever you wish. This way, you can determine easily the amount you have lost during a particular session and the money you have won from it. This can help you draw valuable conclusions about your gaming style and strategy as well and it can give you a hint whether you should change something or continue gambling in the same way.
Security at Online Casinos
Online casinos have come a long way since the first website for gambling appeared in the 1990s. Almost all aspects of online gambling have been improved, including the way the casino operators take care of players’ sensitive information and the payment methods they accept. Nowadays, most of the online casinos use either a 128-Bit or 256-Bit SSL Encryption which has proven to provide a high level of protection. The reason why this technology is so efficient is that all data and files that are sent to the casino are automatically converted into an impenetrable code.
What is more, a number of financial institutions and banks use this technology as a way to protect their customers from any potential threats such as theft and fraud. This is indicative of its usefulness and protection and it brings the needed peace of mind. Of course, when you use a prepaid card, you don’t have to worry about your sensitive information being exposed since their usage is usually anonymous. However, bear in mind that when you register at online casinos, you are required to input some personal details which is the reason why it is important to only play at websites which offer firewalls and other security technologies.
The so-called Pseudo Random Number Generator is another important thing that plays a crucial role when it comes to security at online casinos. This sophisticated program is responsible for determining the final result by generating combinations of numbers which are produced according to an algorithm. This is the reason why all online games are completely random and most importantly, fair.
Additional Security TipsThe activity of this program is constantly being monitored by independent companies which specialize in RNG audits and evaluations. Some of the most well-known testing agencies of this type are Technical Systems Testing /TST/ and eCommerce Online Gaming Regulation and Assurance /eCogra/.
As it became clear, the fully-regulated online casinos are just as secure as their land-based counterparts. This is the reason why it is safe enough to open a real-money account and make a deposit online. By selecting prepaid cards as the main payment method for funding your casino account, you actually choose convenience and security. These cards add an extra layer of protection to your funds as they are not directly linked to your bank account in a particular financial institution.
Prepaid cards are one of the safest payment methods you can use to make a deposit at a particular casino website as they give you the needed privacy. If you are among the players who are reluctant to gamble online due to security concerns, perhaps prepaid cards are your best option. By using them, there is no need to enter neither your credit card number nor the security code on it. In the worst case scenario, if you lose your prepaid card, you will only lose the funds in it.
Prepaid Cards Casino FAQ
What are prepaid cards?
Prepaid cards are types of cards which resemble to some extent the standard credit and debit ones. The main difference between them is that prepaid cards have a fixed monetary value. Since they don’t require any sensitive information to be input during the deposit process, they are considered as one of the most reliable payment methods for gambling.
What does it take to fund a casino account by using a prepaid card?
In general, it is very easy to fund a casino account via a prepaid card as the whole deposit procedure can be completed within a few minutes. The first thing you need to do is to log into your profile and go to the cashier section. After that, you have to select the prepaid card you want to use and simply enter the amount you wish to deposit and the unique code on the card.
Depending on the type of the prepaid card, the code might consist of a different number of digits or symbols. For instance, if you choose to use Paysafecard, you will have to enter a 16-digit PIN code. In case you opt for another prepaid card such as EntroPay, you will be required to put other details such as expiration date and card’s number.
What are the main types of prepaid cards that are suitable for paying at online casinos?
The three main types of prepaid cards which have proven to be suitable for making deposits at online casinos are reloadable, disposable and virtual cards. Each type has its advantages and disadvantages so it is best to take your time to carefully consider them. This way, you will be able to find the card that is in accordance with your needs.
Which are the most popular prepaid cards that are accepted at the majority of online casinos?
The most popular prepaid cards that are accepted at a number of casino websites are Paysafecard, EntroPay, EcoCard and various types of prepaid cards, issued by Visa and MasterCard.
How long does it take to fund your account with a prepaid card?
The processing time for most prepaid cards is instant, meaning that the funds you wish to deposit will be available within a few minutes after you have submitted your request. This is one of the reasons why this payment method is gaining in popularity as it enables players to top up their accounts without having to wait for hours on end. Thanks to prepaid cards, you can gamble whenever you wish and get a high level of entertainment in the most comfortable spot for you.
How secure are prepaid cards?
Prepaid cards are very secure as they are usually anonymous. They are easy to use and convenient and can be purchased in a number of stores. By using them, you don’t put your financial information at risk in any way, simply because you are not required to enter your bank account details.