When you decide on an online bingo gaming site you will want to start playing right away. For those bingo sites that offer you a free no deposit bonus that’s great, as you can play free bingo games at least until the bonus lasts. But when you want to make a deposit, it’s a good idea to look around and consider your options to make sure you make the best choice when it comes to funding your online bingo account.

There are several methods you can choose to fund your bingo playing, credit card, debit card, bank wire or bank transfer, or several ewallet payment methods.

The Credit Card method
The most popular method for many bingo players is the Credit Card – most people have at least one, and it’s easy and convenient to use, and your bingo account is funded immediately. For many bingo online websites in the UK this is the main deposit option provided. However there are drawbacks to this method which all good bingo players should be aware of

The credit card is a very popular method for its sheer convenience, but possibly not the most economical, as it’s more than possible that you’ll incur extra charges from your credit card company – as they tend to treat bingo transactions as a cash withdrawal, and not a regular purchase – which is their way of making more money from you with increased interest rates. The bingo site might also charge you transaction fees for credit card deposits, so be sure to check first if this could be a problem for you.

One of the biggest problems that comes from using your credit card to fund your online bingo account is that it increases the possibility of you getting into debt, as you’re using ‘borrowed’ funds unless you use a debit card, which comes directly from your existing bank account funds. And when you get your credit card bill at the end of the month you could be in for an unpleasant surprise.

The Debit Card method
Debit cards are similar to credit cards, and most are also accepted at online bingo websites. The biggest difference is that you’re funding your bingo account via your debit card from your bank account – so there’s no worries about incurring debt as there is with a credit card. Once you have this set up in your bingo account it’s an easy way to deposit funds instantly to your bingo account.

eWallet solutions
eWallet is the collective term for online payment processors, such as Neteller, Moneybookers, Paypal, etc. These are secure online payment accounts which you can use to make internet purchases, and of course fund your bingo account. Many bingo sites prefer these payment methods and some will offer extra bingo bonuses if you use these methods to deposit. It’s also very easy to withdraw your bingo winnings with an eWallet.

Bank Wire or Money Transfer
The wire or money transfer is probably the least used system because you must make a special trip every time you want to make a deposit to your bingo account – unless you use online banking. There are usually extra fees incurred for this type of fund transfer. If this is a convenient method for you then it’s definitely a good way to fund your bingo account, however these deposits can take a couple of days to reach your bingo account – which means you might miss out on that cool bingo jackpot you’ve got your eye on.

You could also choose to set up your bingo account online to be funded directly via your bank, which means you’ll need to input your bank details into your bingo account. This works well for bingo players, as it’s easy to set up and works automatic whenever you need to add extra funds to play bingo online. Another plus for bingo fans is that usually there are no extra transaction fees with this method, and it’s easy to keep track of how much you spend.

When choosing a bingo site look at the payment options
Whatever your priorities when choosing an online bingo site to play at, be it the biggest bingo promotions or the hugest bingo jackpots, always be sure to look at the payment options available, and go for the bingo sites that offer you the best choices. In our opinion, the best methods for funding your online bingo account are eWallet payment methods, as they are very easy, fast and secure, your winnings are delivered quickly, and there’s no need to divulge personal bank details to the bingo site. So, choose carefully, and enjoy the bingo!

This entry was posted on Tuesday, October 28th, 2008 at 11:51 am and is filed under Online Bingo Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.