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I have just started playing at online casinos, and I have run into an interesting situation. Being a US player, I have had a hard time setting up accounts for money management systems that many casinos accept. I have resorted to depositing through my credit card. Withdrawals (at English Harbor) are a little tricker...They have a $35 fee to process a check or electronic deposit to your bank account.
All of this brings me to the question: How much money would you recommend depositing as a minimum at a casino? I ask this because if you deposit a scant $25, you are already behind the game as you would have to run your balance up to $60 just to break even, and higher if you want some profit from the experience. I have been lucky as I got up to $135 playing online blackjack and just received a $100 check via FedEx from English Harbor. What would you recommend?
I am currently playing English Harbor and Aladdin's Gold (both amazing casinos!).
Man I feel sorry for you folks in the U.S. $35 is steep, but I guess its in the ballpark compared to something like Quicktender (aka Usemywallet) which charges $30 to withdraw to your bank account.
I am fairly sure Aladdin's Gold should be able to get you a Quicktender account if you ask their support people. You can use that as an intermediary account as it doesn't cost anything to move the money to and from a casino to your Quicktender account. It does however cost $30 to withdraw back to your bank account. You could use that for short term purposes like withdrawing $100 from Aladdin and depositing the $100 at English Harbour. But I would not leave the money in there long term, as recent seizures of similar services such as eWalletXpress have shown. Its ironic that at good casinos like the two you mention, U.S. players' money is probably safer in the casino than in a 3rd party e-wallet!
Failing that minimising the number of withdrawals you make will keep the fees down. Its no use pulling $100 out if you're going to come back 2 days later and redeposit $50 for example. If you are a disciplined money manager then you can probably leave the money in your casino account until the next time you play, and set yourself a loss limit that you will stop playing at when reached - eg if I lose $50 then stop playing for a few days. But I know that a lot of people won't stick to that!
I hesitate to recommend a minimum deposit because everybody has a different budget and bankroll and I don't want people to start risking more than they should just to avoid fees that they will only pay if they win. The worst thing is a fee like this hits the low rollers the most - like you say it is more than a minimum deposit at the casino, but for someone who deposits $5000 its not even worth worrying about.
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Yea, Ed. The steep fees here are something else. I hope our country gets it together and passes some sort of legislation regarding online gambling...make my fees go down! Being a low-roller myself I need to figure out what I am going to do; perhaps set up a gambling budget and let it accumulate and set it out every month to play with so my fees won't hit me so hard.
I actually signed up for an EcoCard account today and got approved, but was told I can't use it for gambling transactions. However I am curious as to whether or not a casino I play at would initiate a withdrawal to them and if that transaction would go through...nobody could give me a straight answer.
I think you could have a hard time trying to deposit must less withdrawing with an ECO card. I wouldn't take a chance on not getting paid using this method.
All the deposit options we have come accustomed to know are no longer worth our while or no longer available.
With all the current changes and restrictions put on US gamblers, there is only one thing we can do. Let go of the old processors we once used and look for new methods.
Trying to process transactions with methods that are uncertain whether or not we are going to get paid, simply is not worth it.
I think we what we have to do is find casinos that have new processing methods. Instead of playing at any of our preferred casinos, we now must take a closer look at banking options. We no longer have the freedom to play where we want....well if you want to call it "freedom" as we were always restricted to certain casinos. But now further restrictions are placed on us and we must now play where transactions are going to be safe and with reasonable fees.
We have to let go of the old ways of depositing and withdrawing and quit fighting against a losing battle.
I suggest you play only at casinos that offer new wallets and processors. Some of the new processors that are now available include:
My Line Wallet
As far as lifting the band on US players, it is rumored that it is at least 5-6 years away. This is one rumor i hope is wrong.
2 CL-Ed, barbadosslim93
Very interesting Usne. I am going to take your advice and try to get some of those processing services registered in my name and hopefully have an easy time transferring. Any casinos you recommend that accept those payment methods?
I've been able to simply use my Visa at grandvegas.com ...no issues at all...any winnings get sent to me by check..
Are you from the US highroller? If so are you using a prepaid Visa?
Thanks in advance.
Usne - I am from the usa. I am simply using my visa card...no issues at all....actually just made a deposit.
I do the same at SlotsGalore. I really like that casino, but I would like to try some of the others. The others I HAVE tried do not take my visa, and I have been too lazy to sign up for the other payment methods. Plan to sign up for one soon, though, because I would like a couple more options, and I have been anxious to try Manhatton Slots.
I have not heard of Grand Vegas. Do you like that casino?
Hope is a good thing, maybe the best of the things, and no good thing ever dies.
hope, Grand Vegas is part of another group of casinos that use the exact same software and games as Slots Galore. Both groups are pretty good - I would go with whichever one makes it easiest to get your money in and out.
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