Online casino deposit options and credit cards

Once again it’s time to look at the deposit options provided by the online casinos to enable us to fund our accounts. Regular visitors to onlinecasino.ie will know that we consider this topic to be one of the most important choices new online casino games players have to make when they start to use an online casino. Every online casino offers a wide range of deposit options clearly designed to make it as easy as possible for all their customers to start playing their casino games, and almost all of them are credit card casinos who will accept payment through the major credit card issuers. Of all the available deposit options, it is using a credit card to fund an online casino account which concerns us most. There are a number of reasons why we would ask our readers to think twice before using a credit card for this purpose, quite apart from the obvious issue of gambling with what is effectively borrowed money. There are also financial reasons to consider when thinking of using your credit card. First and foremost is the surcharge of up to 2% which almost all the credit card issuers will apply to any payment associated with gambling, which means that you will already suffer a loss before you have even placed a bet. Second and perhaps just as expensive is the fact that using a credit card as a deposit option is considered to be the equivalent of taking cash from the hole in the wall, attracting interest from day one at credit card rates which are usually very high. This will apply even if you always pay your credit card bill in full every month. If your personal circumstances are such that a credit card is your only viable online casino deposit option, we would advise that you use your card to fund an e-wallet such as PayPal or Neteller and use the e-wallet to fund your account. This way you will at least avoid the surcharge because the bank will not know what you are using the e-wallet for.