Funding online casino games and credit cards

In spite of reports that internet fraud remains a significant problem throughout Europe, it appears that we are becoming increasingly comfortable with enacting financial transactions using our computers. More and more of us are buying products and services online and many of us even manage our personal bank accounts via the internet. We generally do most of these transactions using our Debit and Credit cards directly, or via an e-wallet such as Pay Pal. In most cases there is good reason to use a credit card for online purchases, because of the built-in insurance element should the product be unsatisfactory but we should not assume that a credit card is always the best way to pay for services over the internet. For example, whilst almost all the online casinos can be defined as credit card casinos in that they accept most popular credit cards as a method of funding online casino games accounts, most experts would not recommend using a credit card for this purpose. Quite apart from the flawed principle of borrowing money to fund gambling, there are several good economic reasons why using a credit card to fund an online casino account is not the best option. First and foremost, for reasons best known to themselves the banks will almost certainly impose a surcharge of up to 2% on any credit card transactions associated with gambling, and secondly they will inevitably charge interest on the money from day one because it will be considered to be a cash transaction. These two factors alone will mean that you incur a loss before you have even played any of your favourite casino games. It is very important that online casino customers choose the right deposit option to fund their casino games, and there are a number of other better casino deposit options to choose from some of which we have detailed on our deposit options pages. If your personal circumstances are such that you prefer to use a credit card, at least use it to fund an e-wallet so that you avoid the surcharge.