Ways to Fund Your Account
Wednesday, December 15th, 2010Because of the growth in gambling, ways to deposit to your account online are expanding too. There was a time when you could play online games only if you had a credit card and an e-wallet solution. Remember that we have been working under the UIGEA, or Unlawful Internet Gambling Enforcement Act, is still in effect. Sure there are plenty of people fighting the bill, but it has yet to be changes. As of right now the UIGEA is in full effect. That means that financial institutions are still hindered from accepting gambling-related activities or processing them.
For this reason, if you are in the US and want to wager, you have to use an e-wallet solution for gaming. This is one of the most important third-party relationships you are ever going to have. The e-wallet solution is a convenient one. Basically it is the way for a company to hold your money. That company isn’t a bank so it doesn’t fall under the same laws that banks do. This should make it more possible to wager and easier to fund your account. PayPal is an e-wallet solution of sorts, but it does not allow for gambling in the US. The company pulled out of the US when the UIGEA went into effect back in 2006.
If you need to fund your account, you should use some e-wallet like Quick Tender, Neteller, Pay Spark, e-Wallet Xpress, or My Wallet. Any of these companies is reliable and you are going to be able to safely deposit money to them for wagering. In addition, having a third-party hold your money also protects your actual bank account. You control how much you deposit to an e-wallet. If you want to limit your wagering to just $100 this week, you can deposit just that amount. It is a great way to monitor your funds. On the other hand, you also can use a bank transfer to fund an account. This is easy, but you have to be willing to wait for the transfer to go through. Depending on the speed of your bank, this option could take a long time though. The best way to fund your account is to use the e-wallet option.

