Online casinos and credit cards do not always mix

All too often we hear of new online casino games players being told that there is no difference between making deposits into an online casino account and making any other purchase on the internet. Unfortunately such advice does not take account of at least two important differences. Most of us quite rightly will use a credit card for many internet purchases in order to take advantage of the insurance element of a credit card transaction should the goods or services prove unsatisfactory. This reasoning clearly does not apply to making an online credit card casino deposit, and even though we may be unhappy if we lose some of this money playing casino games we cannot claim it is the fault of the online casino. There are also very significant drawbacks in using a credit card as an online casino deposit option, the first of which is the 2% charge almost invariably applied by the credit card suppliers when their card is used for the purpose of gambling. Then there is yet another sting in the tail, and although you may be very strict in paying off your credit card bill every month to avoid interest charges, credit card casino deposits are considered to be cash transactions and are therefore subject to interest charges from day one. Both of these factors effectively put you in a losing position before you have even started playing your favourite casino games, quite apart from the dubious principle of gambling with borrowed money. There is of course another way to make online casino deposits with a credit card if that is your preferred choice, and that is to open an e-wallet account such as Pay Pal or Neteller and use that account to fund your online casino games. This will at least help you avoid the additional gambling related charges, and improve your privacy and security.