Debit cards have been around for decades and continue to be one of the many payment process options that most online casinos offer their players. Although online casinos offer players the option of using their debit cards, the majority of players today prefer to use an e-wallet like Skrill, Paysafecard, Neteller or PayPal to make deposits at online casinos.
However there is still a niche group of online players who prefer to use their debit cards when processing financial transactions at online casinos. We look at some of the benefits of using a debit card at an online casino:
✓ Processing Time: Just like credit cards, it is extremely simple and easy to process a financial transaction at an online casino using a debit card. The transaction between the online casino and the player’s bank gets processed within a matter of minutes, provided the right verification and authentication details are entered.
Players who choose to save their debit card details at the online casino, will be able to process future transactions within a few sections as they will no longer need to enter their debit card information.
✓ Security: Players are always concerned about their financial information being comprised while playing at an online casino but using a debit card is one of the safer ways of protecting one’s financial information. Players will be required to enter their 16 digit debit card number along with a unique identification number to verify that they are indeed the holder of the debit card.
The moment their account is debited, players who have signed up for a text message service with their bank, will get a text message informing them that their card is debited, the amount of debit and provide them with the beneficiary’s identity i.e. the online casino name or parent company’s name.
✓ Bank Statements: Players will be able to reconcile their accounts at the end of every month by comparing their online casino deposit transactions with their debit card monthly statement. Any discrepancies can be immediately looked into and brought to the attention of the online casino support staff or to the concerned banking authorities.
✓ Identity Theft: Online casinos have always been on the radar of cyber criminals as they have large databases of player’s personal and financial information. There have been occasions in the past where online casinos have had to inform their players of a security breach and players have had to block their debit cards to prevent it from being misused.
✓ Confidentiality: If a player wants to keep their online casino activities confidential, it becomes difficult to conceal when using a debit card as there is a bank entry every time the debit card is used. Monthly statements could also give away the fact that the individual is playing at online casino sites.
There are more benefits than concerns when it comes to using a debit card at an online casino, provided a player knows their limits and does not overspend, exhausting their savings.