Wire transfers could be a more secure way to set up your online gambling accounts.
While many people fund their online gambling accounts with credit cards, don’t overlook the safety and reliability of a money transfer. With a money transfer, you can send cash directly to the online casino, sportsbook or poker room of your choice without sharing the personal info that comes with using a credit card.
To help you make the best decision, here is an overview of your money transfer options when sending funds to your online gambling account.
Reasons for using a money transfer for online gambling?
For most gambling sites, you must provide a method of payment when setting up your account. While linking a credit card to your account is one option, many online gamblers prefer money transfers because:
- They’re a safe, easy and reliable way to deposit money into online casino accounts.
- There’s no need to provide personal details to the gambling site, unlike a credit card payment.
- Credit card companies often treat payments to online casinos as cash advances, with high fees and interest rates.
- Under strict US gambling laws, most online casinos won’t accept payments from e-wallet platforms held by customers in the US.
The signs of a gambling addiction - and how to seek help
If online gambling turns from a recreational activity to an addiction, it can put a strain on your relationships, your work and your finances.
If you’ve ever felt the need to be secretive about your gambling, gamble even when you don’t have the money for it or are having trouble controlling your gambling — or you suspect that a loved one has a gambling problem and shows some of these signs — seek out the help of a professional.
Here are a few resources:
National Problem Gambling Hotline — text or call 1-800-522-4700
Online gambling sites accept money transfers
Because strict US laws limit how an online gambling site can accept payments, most reputable casinos accept money transfers for deposits and payments. However, payouts to gamblers in the US are limited to bank transfers or couriered checks no matter your method of payment.
To confirm whether an online casino accepts money transfers, visit its website or create an account to view your payment options.
Popular online options that accept money transfers for deposits and payments include:
- Ignition Casino
- Sloto Cash
How do I transfer money to a gambling site?
Sending cash directly to an online casino, sportsbook or poker room with a money transfer is safe and fairly straightforward. Though it may take a bit more time than using a credit card, it may be worth it to benefit from the anonymity, safety and reliability that wire transfers offer.
To transfer your cash to an online casino using a money transfer service:
- Confirm with the casino’s site the information you’ll need to initiate a transfer.
- Create an account with a reputable money transfer service like MoneyGram or Western Union.
- Use the information obtained from the casino to initiate a transaction for the desired amount.
- Forward any reference or tracking number to the online casino, which will confirm the transaction.
Keep in mind that the majority of money transfer providers will charge a transfer fee to send your money, so be sure to weigh this fee against the amount you’re sending.
Services who can transfer to your gambling account
Is transferring money for online gambling legal?
Yes, transferring money for online gambling is legal. But the United States has set forth strict regulations through the Federal Wire Act and Unlawful Internet Gambling Enforcement Act, which regulate the way that money can be exchanged for online gambling, including fantasy sports and skill games. This is why many U.S.-facing gambling sites do not accept e-wallets as payment methods.
When participating in online gambling, be sure to use reputable companies that take government regulations seriously and have set up their sites accordingly. Personal online exchanges for gambling purposes may not be legal.
Is a money transfer for online gambling safe?
Using a money transfer for online gambling is one of the safest, most reliable ways to deposit and receive money.
It’s a good idea to explore your payment options before setting up your online account with a casino. Whether you choose to deposit money to your gambling account with a money transfer provider or a credit card, be sure to play only on trustworthy, dependable online casinos, sportsbooks or poker rooms.