Bingo payouts, withdrawal methods, and deposit methods are always listed on your favourite gaming site, usually under a heading such as “Deposit” or “Bingo Payment Options.” You should always familiarize yourself with these options before you sign up, otherwise you might be stuck with a site that doesn’t support your chosen method of online payment.
Luckily, the growth of the Internet gambling industry has driven sites to become more competitive, and this works to the player’s advantage when it comes to diversity and convenience. Getting your bingo money has never been easier, especially when you consider all the online banking services that are currently available.
The purpose of this page is to make you aware of the various deposit and withdrawal options for online bingo. Once you’ve chosen your favourite method, all that remains is to start playing and meet some new online mates in the process.
Cash is the preferred currency of the realm when it comes to the types of payouts you can expect from an online bingo site. While you might find an occasional site that offers additional options, the vast majority offer money as a reward for a well-played game of bingo.
Of course, you shouldn’t expect to receive an envelope stuffed with cash. Online gaming sites are more sophisticated than that, which is why they prefer digital currency to settle their debts. Once the prize has been transferred to a credit card or e-wallet service, the player then has the option to send it straight to their bank or convert it to the currency of their choice.
In order to play online bingo for a chance to win money, you’ll first need to wager some of your own by depositing it into an account. This almost always follows the sign-up phase, and online casinos and bingo halls offer multiple ways for players to make their transfer. However, not all options are available, as the legality surrounding online gambling has resulted in some financial institutions adopting an outright ban on transactions involving such services.
For an example of what you might expect to find, let’s look at the deposit methods offered by True Blue Bingo: Visa, MasterCard, Postepay, JCB, Maestro, Visa Electron, Solo, Switch, Delta Debit Card, Neteller, Skrill Moneybookers, Click2Pay, Eco, ClickandBuy, Entropay, Z, Paysafecard, UKash, Instadebit, Echeck, Direct Bank Transfer, iDeal, Sofortuberweisung, Poli, Use My Funds, Ticket Premium, Transferencia Bancaria Local, Neosurf, Multibanco, EPS, Instant Banking, GiroPay, Abaqoos, Instant Bank, UNet, Euteller, eKonto, Przelewy24, Moneta.ru, WebMoney, Ewire, CartaSi, Diners Club International, Nordea, Boleto, Cheque, Pago en Efectivo, and Todito Cash. (You can learn more about True Blue bingo by reading our detailed review.)
As you may have guessed, not all deposit options are available in every part of the world. Many of the examples listed above are predominant in the European nations, while brands such as Visa and Mastercard have a true global presence.
Since some deposit methods are easier for the site to process than others, you may find that a bonus is offered for using one of these preferred services. For example, True Blue Bingo offers a 10% deposit match bonus on your first deposit when you use one of the following methods: Ukash, EntroPay, Click2Pay, ClickandBuy, MoneyBookers, EcoCard, or Neteller.
Before making a deposit, players should check to see if there’s a minimum amount required by the site. An Internet bingo hall I recently played at required a minimum of 10 Australian dollars or British pounds. While this is useful information to have, the minimum itself shouldn’t be a problem. After all, anyone who can’t come up with $10 probably shouldn’t be gambling online to begin with.
I also recommend doing research on a potential gaming destination before making your first deposit. While the majority of online bingo halls are fair, there are always a few rotten apples looking to cheat their players. By consulting a few of the top gaming watchdog sites, you should have no trouble spotting the ones to avoid. Or you can just play at the only Internet bingo site that we recommend, True Blue Bingo, which is an honest and trustworthy option with great software and a vibrant community.
While bingo deposits are a simple matter, withdrawing your winnings may be a bit more complicated. That’s because the transaction is being initiated by an online gaming establishment, and some financial institutions prefer to avoid such an association. It’s also more convenient for the casino or virtual bingo parlour to focus on a limited amount of withdrawal methods, so you can expect a disparity between the number of deposit and withdrawal options.
Since they’re among the top options for online bingo, let’s once again use True Blue as an example. They offer payouts in the following currencies: Australian Dollar, American Dollar, Canadian Dollar, British Pound, and Euro. And even if you live in a part of the world that favours a different form of currency, you should still be able to get the money converted during the transaction phase.
Regardless of which online bingo hall you choose, you should expect to find the following options when it comes time to claim your money: Visa, Postepay, Maestro, Visa Electron, Solo, Switch, Neteller, Skrill Moneybookers, Click2Pay, Eco, ClickandBuy, EntroPay, Z, Ukash, Instadebit, CartaSi, Diners Club International, GiroPay, iDeal, Nordea, Poli, Sofortuberweisung, or Cheque.
While most sites have a deposit minimum, the same is true when it comes time for a withdrawal. In the case of True Blue, the player must cash out at least $50 in their registered currency. In order to be eligible for withdrawal, you’ll also need to make at least a $10 deposit in the 30 days prior to your request.
Bingo payouts, withdrawal methods, and deposit methods are easy to find on any reputable site. There’s usually a link or tab that takes you straight to an explanation page, and sending or receiving money can normally be accomplished with a few clicks of the mouse. Virtual casinos and bingo halls want to make their services available to as many players as possible, so gaming enthusiasts from South America to China (and all points in between) should be able to get in on the action.