Web Wallets Vs Credit Cards
Web Wallets are essentially alternative methods to pay for goods or services online. They differ from traditional credit cards in that you must first load cash onto the virtual wallet before you can spend a cent.
This trend has grown from strength to strength in Canada as it is a safe way to set a monthly or daily budget, which will go a long way to helping you control your entertainment at the slots.
More important, however, is that because there are ‘limited’ funds available, in the unlikely event that someone does manage to get hold of your card and details, you are only at risk of losing what the remaining balance is on the card. If such an event occurs, please contact the Web Wallets fraud division so that they can advise you on how to cancel or stop any purchases from being made. There is one more advantage of using these web wallets and that is an added bonus of say for example 10% when you deposit using these methods. However, you will need to do a little research as it generally depends on the web wallet brand and/or casino.
How to make a deposit at an online casino
The process to fund your online casino account varies from one site to the next, but it usually comprises of these simple and straightforward steps that can be carried out within a few minutes:
- Log into your profile and go to the cashier’s section where you will find all the available payment solutions that the casino has to offer.
- Select your chose method and supply your personal and financial information as prompted.
- Decide how much you would like to deposit and enter the amount in the relevant field.
Most popular deposit options at Canadian Casinos
Security & Fraud
Security and fraud are always a concern when gambling online with real money, as they should be. At premier online casinos this issue is of utmost concern, and such establishments go out of their way to ensure you feel completely at ease when signing up because ultimately, they want loyal players who keep coming back to them.
To create a safe and trusted environment, casinos employ tools such as SSL encryption, protocols, systems and world-class technology as used by leading banks and financial institutions to protect your personal and financial information.
You can also play your part in making sure you are protected online by doing the following:
- Make sure you connect to a secure Wi-Fi network. Under your, Wi-Fi settings, make sure that you don’t allow your phone to automatically connect to any unsecured network
- Only ever play at casinos that are licensed and regulated
- Look for casinos that support multiple trusted banking methods
- Keep your casino login details private
Setting Deposit Limits
By using pre-commitment tools which allow you to limit your gambling spend. There are currently a number of options available to help you curb your spendings, such as play limits, deposit limits, bet limits and loss limits.
As you can see from the example below from Royal Vegas casino, reputable gambling sites will always encourage you to play responsibly when engaging with real money slots. These limits are manually set and can be changed at a place and time of your convenience.
The deposit limit as highlighted here stipulates the maximum amount of money that you can deposit into your casino playing account at any given time. Some of these limits imposed by online casinos are voluntary i.e. you can decide whether you want to take advantage of the gambling management tools, while others are mandatory i.e. you have to set a limit you want to access the site’s games.
Withdrawals – Getting Your Money Out
Withdrawals are the most critical part of playing at any online casino, especially after your big win on the slots machines. Before your first withdrawal can be made you will need to provide KYC documentation.
These documents are generally things like your ID document, Utility bills or Driver licenses etc. Simply scan them into your computer and email them across to your VIP host or the casino support desk. They will take care of the rest and then you can rest easy knowing that you can get your winnings out quicker.
If you prefer living life on the edge and focusing your time purely on the slots, then when it comes time to withdrawing, you will be asked to provide the documents as mentioned above. Why you may ask? The casino isn’t really being difficult; it’s just a measure to protect you from any fraud taking place – a great way to protect your cash.
Your withdrawal request will then enter a pending period (minimum 24 hours), during which time you will be able to reverse your withdrawal, should you wish to do so. Your withdrawal will be processed on the day on which it is released from the pending period.