The Importance of Using the same Payment Method at Online Casino

by Henry Writer · February 22, 2020

Why use the same payment method? Well, casinos encourage this mainly because of security reasons which may include avoiding identity theft.

Online gambling is continually growing as people are transitioning from land-based casinos to online ones. With this in mind, both players and casinos to tighten security.

Also, the amount you make in online casinos may be affected by your choice of payment method.

casino payment method

Identity confirmation

If the casino makes sure you can withdraw money the same way you deposited it, no one will be able to use your information to steal your money. If Identity thieves open an account and deposit money using your name, they cannot withdraw it using the same method.

Most casinos will ask for identification documents such as National ID, a photo of your bank cards as well as the driver’s language.

When you are asked for a picture of your bank cards remember to hide your CCV and the middle numbers of your card.

Online casinos are often targeted by money launders which is why casinos want to know the source of the money.

Money launders may try to deposit money into an account and regularly withdraw without meaningful pay, casinos might suspend that account.

Also by verifying your identity, casinos will determine whether a player has reached the age that is required by law for gamblers.

Save money

You can save extra transactional charges when you use the same deposit and withdrawal methods. Each method of payment comes with different transactional charges.

If you have reached your withdrawal limit, do not be tempted to use your other bank cards as this will cost you more money on withdrawal charges. It is best to log off and wait for tomorrow so that you will not lose your winnings while gambling.