There are many online payment options available today and one of the safest is the prepaid card. Prepaid card are available in a number of denominations and currencies and offer anonymity to players. Prepaid cards offer accessibility and easy payment options to players from the United States who have had to deal with tough gambling laws imposed on them since the introduction of the Unlawful Internet Gambling Enforcement Act in 2006. Using prepaid cards is an uncomplicated and simple system and allows customers to transact online without divulging personal details if they so desire. More and more online gamblers are opting to use prepaid cards as they provide that extra level of security which is so important in this day and age.
How Prepaid Cards work: The Prepaid card is like a reserve of money that can be used by the online gambler. It works in a very simple and convenient manner, much like the way phone credits are used. Funds on the card are used up as players use the money to wager online, place bets or purchase items from internet merchants. Players will first be required to purchase a card in the desired denomination. After this, the prepaid credits are debited into your online casino account from which the customer is free to utilize as little or as much as he or she wants. The card essentially operates as a standard credit card would, in that it allows players to use ‘plastic’ to pay for their online gambling entertainment. Once players are ready to transfer money from their prepaid debit cards to their online casino accounts, they simply access the cashier section of the casino and check to see if prepaid cards are accepted as a payment option. The card’s number is then entered into the appropriate field, and the player stipulates how much money to transfer.
Since there are a variety of cards available, each prepaid card has its own way of functioning. Some prepaid cards are just like credit cards and are operated on high security levels. These cards have their own 16-digit card number. Some prepaid cards will see the money transferred instantly, while others will need a clearance time before the funds can be found in the player’s online casino account.
Many prepaid debit cards allow users to manage their funds through secure websites. This allows players to see how much money is left on their card and ensures that they do not overspend. Many prepaid debit cards charge exorbitant fees if players overdraw on their accounts, while others simply don’t allow players to spend over the amount that was paid for the card.
While some prepaid debit cards are ‘one-off’ and the code can only be used for the amount that was initially loaded onto the card, other cards are re-loadable and the funds can be entered via one’s credit card or bank account. The downside of reloadable cards is that they don’t ensure the same level of anonymity that ‘disposable’ cards do.
Prepaid Card Advantages: One of the greatest advantages with using this online payment system is that it provides user anonymity to the player. No personal information needs to be entered when using this form of payment when gambling online, which is a huge draw card for players who seeking to keep their online gambling discreet.
Prepaid debit cards are easily available and can be found at a wide range of distributors and retail operators. This makes it one of the best possible options for US players who can continue gaming at their favorite casinos without having to worry about finding a payment method that suits them, that is easily available and that allows them to wager online without the threat of being blocked. It is important to point out, however, that not all prepaid cards provide anonymity as there are some that require users to enter their name and personal details. It is thus imperative to check the requirements beforehand so that you aren’t in for any unwelcome surprises.
Another major advantage of prepaid debit cards is that they are a good way to limit your spending power as some players find it difficult to hold back and often lose more than they can afford. Many problem gambling sites actually endorse the use of prepaid cards so that gamblers have much greater control over their spending habits. Prepaid cards ensure that players have a limited amount that can be used and this amount cannot be expanded without going out and either purchasing another card or reloading funds. This of course depends on the type of card purchased and, once again, gamblers should check beforehand.
Because there are such a wide variety of prepaid debit cards that can be used online, there will always be a type of card that suits a particular player and his or her gambling lifestyle. Players need to determine what is important to them in terms of levels of anonymity, security and reload options and choose a card that suits them best.
Conclusion: Prepaid cards are great options of players who want to remain anonymous or those who wish to impose spending limits on themselves so as not to wager away too much of their funds. However, over and above the factors of limits and anonymity, using prepaid debit cards for your online gambling entertainment has many other benefits. For one, they are easy to find and can be purchased around the world, locally or internationally. In addition, they are safe and easy to use and suit new as well as seasoned players. For these reasons, it is easy to see why so many online gamblers opt to use prepaid gambling cards for their internet casino entertainment.