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bedoin's picture
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23 July 2010 - 11:55pm

Pay out by direct deposit into your banking account? or ewallet?

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I was wondering if it is safe to receive a payout by direct deposit into your bank accout? You have to give your bank numbers and routing numbers and everything one would need to empty a bank account. But, then I also saw that ewallet gets a whopping 10% fee? Whats that about? What is the best way outside of a fedex check to get a payout for a US player? I don't see a thread about this, so i guess its obvious, but its important. Any advice? Thanks! Scared bedoin

CL-Ed's picture
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24 July 2010 - 1:26am

Well first off I am not a U.S. citizen so I can't comment on the U.S. banking system but I have had payments made directly to my bank account before without any problems. They will usually require bank name, account name and number, routing code or swift code.

These are all necessary for any kind of bank to bank transfer and are used the world over every day, so I don't think you're any more likely to have your account cleaned out. It would require more than just those details - e.g. internet banking login and password or a physical id and signature if they went to your bank branch.

For U.S. players the most common withdrawal method would be a check. You can also use an ewallet like Quicktender (aka UseMyWallet) but you will need to be issued an invitation to sign up to this - you can usually ask your casino for that. You are right that the fees are higher for U.S. players though, I guess it is because the options are more limited due to the major ewallets not accepting US customers.

I mainly use Neteller (no US customers) and there are no fees to withdraw to my Neteller account from a casino, but I pay something like 2.5% currency conversion fee when withdrawing from the Neteller account at an ATM.

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bedoin's picture
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26 July 2010 - 11:58am

Thumb Up Thumb Up Thanks Cl-Ed, for the reply. I have appreciate all your help. bedoin

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Usne's picture
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26 July 2010 - 1:48pm

Hi Bedoin,

I think your safest way to go is through "wallets". I know some of the fees are a little bit steep but i think its the safest and most securest way to withdraw and deposit money.

I am with you as far as putting all your banking info out there. Especially if your not confident in who your giving that info to. Though the wallets have fees it is a small price to pay to have them as the middle man, protecting your banking info.