Cash payment is a transaction in which money is exchanged directly from one party to another. In the world of online gambling, cash transfer is a method of depositing and withdrawing money from online casinos without using a credit card.
This payment method can be accepted at a large number of casinos through several different service providers.
Here are three popular casinos that support this payment method:
- GentingBet Casino
- Juicy Stakes Casino
- Mission2Game Casino
Should You Use This Payment Method?
The Cash payment method is one of the safest for banking with online casinos. Because you do not have to provide identifying information for the online e-wallet service. Although online casinos often use the latest security technology, the choice of cash transfer will eliminate the risk of your deposits and withdrawals.
This payment is also great as it is only done with cash. If you are concerned about your bank observing your transactions, transferring cash is an effective way to keep your gambling transactions private.
Although quite convenient, you should also note that:
Cash payment is not an instant banking method. When you or the casino provide the money to the money transfer company, the payment processing will take a while.
This payment is generally one of the most expensive deposits and withdrawal methods. For this reason, you should only be used when you have a specific need such as limited banking options, no credit cards, or privacy.
How to Use This Method
As for the cash deposit method, the process is simple, easy, and convenient for you including deposit and withdrawal services. However, you must ensure that you are playing the game in a reputable casino.
To use the Cash payment method, you need to contact a support representative of the casino. You will be given instructions on which service provider you will need to use, as well as the details you will need to provide to initiate the transfer. In most cases, this will include your name and address, and other information that may be required.
When you have the required information, go to your local service provider for the selected cash transfer company. Use the information provided by the casino to fill out the form, and then present the transfer agent the required amount of cash for the deposit and processing fee.
The agent will transfer the money and can give you the receipt number. If you do, provide this to the casino so they can be on the lookout for your money. Once the casino receives confirmation of the funds, they will be deposited into your account.
Withdraw by Cash Payment
To withdraw funds from your online casino account by this payment method, you will need to provide the casino with your details.
They will verify this, then contact their local money transfer company to send you the money. Your payout can be reduced due to processing fees. Please contact the casino's support to find out what fees you will be charged.
After the casino sends your payout, you'll be given a receipt of some sort for the transfer. You will need to present this document with your identification to the selected agent or money transfer company to receive your payout.
The most important thing is that you need to find yourself the best online casinos that offer this payment method
Here are some factors you need to consider:
- Intuitive and secure platform with a wide selection of games
- Bonuses and attractive promotions
- Payment methods to deposit and withdraw
Accordingly, you will be able to use these methods to start playing for real money and be able to withdraw what you have won.
Limits for Withdrawals and Fees
For the Cash payment method, you're limited to a withdrawal request per week. However, it is an exception for e-wallets - you can request as much cash as you want.
It can limit you to $4,000 per week on the first withdrawal and then $5,000 per week thereafter. And if you win $ 20,000 or more, they'll pay you at the rate of $5,000 per week until the balance is paid in full.
The only fees for checks are $30 and bank transfers are $60. You should research the information very carefully as this is a pretty high fee that they may charge you.