Before the Supreme Court struck down the PASPA Act in 2018, finding a gambling site in the US was difficult. Most banks and credit card companies couldn’t allow you to send money to an online gambling site.
Now that 38 states permit sports betting and six support online casino games, gambling online in the US is easier. You can use your Visa, MasterCard or Discover card to make payments.
You can also use Bitcoin, a wire transfer, PayPal, Apple Pay or an electronic check. However, not every payment app supports the iGaming sector. If you love Cash App, you might want to find a different mobile wallet for casino payments.
Lately, there have been many complaints from people whose cash app closed for gambling. We know. It can be disheartening to lose your account for having fun online. But challenges are unavoidable in the casino space.
In this article, we’ll outline some of the most common challenges you can expect while gambling online. We’ll also explain how to overcome these issues. Let’s get started.
Account Closure/Suspension
Having your mobile wallet closed because of gambling online can be disappointing. But we have some good news. More and more payment methods are allowing deposits to iGaming companies.
In the early 2000s, only a couple of payment companies accepted gambling deposits—Visa, MasterCard, Skrill and Neteller. Then PayPal joined the list. Over the years, more banking options began accepting casino payments.
Today, you will have no problem finding a safe payment provider for online gambling. All you need is to find a licensed casino that supports a variety of banking options.
Most casinos only feature payment companies that fully support gambling deposits. We’re talking about PayPal, Apple Pay, GPay, Boku, EcoPayz, Visa and MasterCard.
That said, payment providers could change their terms without notice. Cash App is a case in point. The company never used to close accounts due to gambling deposits. Now, it’s been suspending accounts left, right and center.
High Deposit and Withdrawal Limits
Another common challenge you’re likely to experience while gambling online is dealing with high limits. Maybe you want to make a small casino deposit worth $5. Yet, your preferred casino has a much higher deposit limit.
What should you do? The solution is simple. Find a casino with a lower deposit limit. The Internet is packed with betting sites that allow you to deposit from as low as $1.
When it comes to withdrawal limits, the answer lies in choosing an operator with a minimum low withdrawal limit. Before you join a casino, check the minimum you need to withdraw your winnings. The amount needs to be relatively small, say $10 or $20.
Generally, payment companies have flexible limits. You can send from $1 using most cards and mobile wallets. Banks have higher limits, though. You can’t send less than $20 at most banks. And keep in mind that bank transactional fees start at $5.
Bonus Issues
This might come as a surprise to some, but your payment method can affect casino bonuses. Take Skrill and Neteller as examples. These two digital wallets belong to the same parent company—Paysafe Limited.
That’s all right. But here’s the problem. Many casinos won’t give you a bonus if you deposit with either mobile wallet. Why, you ask. These two wallets used to have lax account opening policies.
As a result, people would open multiple Skrill accounts and use them to claim bonuses more than once. Casinos discovered the loophole and suspended bonuses to their customers.
These days, Skrill and Neteller have increased their account opening policies. Some casinos give you a bonus if you use either wallet to make your first deposit.
Most payment methods qualify for casino bonuses, such as Visa, MasterCard, Apple Pay, and even electronic checks. The problem comes in identifying quality bonuses. You see, it is not enough to claim a welcome bonus. Ensure you can turn your bonus into cash by reading its terms and conditions.
Cashout Problems
Perhaps the most saddening experience at an online casino is having issues cashing out your money. The deposit process was fine. You had fun playing slots and even won some money. But then you try to cashout the money and frustrations begin.
There are a few explanations for why you might have cashout issues at an online casino. The most common explanation is that the casino is yet to complete your withdrawal your application.
You see, most gambling sites don’t process a cashout request instantly. Some sites have a 24-72 hour waiting period before they can process your money. In this case, all you can do is to wait.
Another issue that might affect your payout time is your chosen payment method. Bank payments take up to five days. But you could receive your money on the same day if you choose Bitcoin or another cryptocurrency.
Security and Privacy
In this age of data theft, no one wants to use an unsafe payment method. Yet, it is not always easy to distinguish a secure from an unsecured website. Owing to that backdrop, use well-known payment companies.
A safe payment provider must secure your data using SSL encryption. It needs to comply with data privacy policies. And it has to offer you tools to keep you account safe—password, two-factor authentication and passkeys.
Crypto offers the best solution for players that love privacy. Bitcoin doesn’t ask for your name or address, meaning no one has to know that you play casino games occasionally.
Access to Convenient Payment Methods
In some places, finding a payment method for casino deposits can be challenging. Maybe local payment methods don’t support casino deposits. The best option is to pay with a cryptocurrency like Bitcoin or Ethereum.
Bitcoin offers borderless transactions. This means you can use it to complete payments regardless of where in the world you live. It can be challenging to understand if you’re a beginner.
But after reading a few online guides, anyone can learn how to use it to make payments.
