Using Money Transfer Across Online Casinos

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Looking back in the history of online gambling, when it comes to the most popular payment methods used by players across online casinos, you will always see credit cards and eWallets on top of the lists, but right next to them is money transfer. This is an intermediary service that facilitates the transfer of money from point A to point B, which was designed to help immigrants send money overseas to their loved ones. As soon as it picked up, many industries embraced it, including the online gambling industry, due to the convenience it offered.

Through their own networks, brands like MoneyGram, Ria and Western Union, provide a third-party service that allows the smooth transfer of money from one country to another, without the involvement of banks. That’s one of the main reasons why these brands are popular with online gambling operators and developers alike, eager to sign multi-year agreements for mutual sponsorships and collaboration.

In the past, you needed to visit one of their official land-based offices, available all throughout the world, on every corner of the street, but today, they are available online, too, so you can just visit their websites to initiate a transfer. You could download their mobile app or simply create an account via any browser and fund that account with money using credit/debit cards, or bank transfer if you go with the online option. If you opt for the offline option, you'd need to visit one of their official offices and pay the amount that you wish to send in cash.

Either way, to make a deposit at an online casino with money transfer, you'd need to select it as your payment method on the Banking page at your casino, and in the pop-up, you'll see that the operator's info will be pre-entered since the casino is the recipient of the money. You just need to specify how much you wish to send and in which currency, and with that, the money will instantly arrive.

As far as withdrawals go, they are requested similarly, only this time, you’re the one entering the needed details, such as your name, the amount you wish to cash out in your preferred currency and the way in which you wish the money to be delivered, out of the offered options. The operator will take its time to complete the transfer, and as soon as it does, the funds will arrive in the way you chose.

It is important to mention here that each transaction with money transfer is subject to fees, depending on the sending/receiving country and the amount sent. This fee is calculated upon deposit/withdrawal requests, so no hidden fees apply. Plus, withdrawals might take several business days, as the operator would need to check whether you have enough to cash out and then eventually go through the sending procedure. Nevertheless, the solution is still one of the most useful for online gambling transactions, since players from all across the globe can use it in their native currency.