Payment Methods - Most Popular Withdrawals and Deposits
The variety of payment methods available in online casinos makes it possible to deposit and withdraw money with ease wherever you are. In fact, the ease of payments with online casinos is one
of the most important factors for many players. No need to brave the traffic to go to Atlantic City, look for parking, and stand in line at the cage twice: to both make your deposit and
withdraw funds or cash in your chips.
Luckily online casinos bring the ease of online payment methods with them. By using legal online casinos for your payment, you can be sure that your data and money are safe.
This is a comprehensive overview of the various payment methods players can use in NJ online casinos. We have checked out all of the NJ online casino sites to see what payment methods are
accepted at each site. We have even compiled the pros and cons of each of these methods.
History of Payments and Transactions with Online Casinos
Since the Federal Wire Act’s recent reevaluation at the end of 2018, banks and e-wallets have been less willing to process payments out of fear of risking interstate transactions.
With the rapidly increasing options of online gambling sites in New Jersey, there comes an increase in competition and convenience. NJ online casinos are using the latest secure payment
processing technology to provide their users with ease and flexibility on their betting platforms. These days, funding betting accounts and cashing out winnings is easier than ever before.
Below we'll tell you all you need to know about banking methods for online casinos so you can be sure you know of all your options to find the method that's right for you.
Many Ways to Deposit, Many Ways to Withdraw
Depositing and withdrawing options are plentiful for online casino players in NJ. These range from using PayPal to make a payment to receiving a physical check for your withdrawal. It's
important to check with your casino to be sure that you can use a payment method that works best for you.
Common payment methods for deposit include:
Online bank transfer
PayNearMe at 7-Eleven
Cage/Cashier window at the casino in Atlantic City
Most casinos offer slightly fewer options for withdrawals than they do for payments. While it might seem that this is a bit underhanded on the part of casinos, anti-laundering laws place
restrictions on both accepting and especially returning money, so some casinos limit their means of sending you money in order to comply with state and federal laws.
Frequently you can find the following ways to withdraw funds from online casinos:
Cage/Cashier window at the casino in Atlantic City
The recent addition of PayPal to many, if not most, online casinos has been welcomed by many people. This means that anyone with a bank account who has set up a PayPal account can use this
account to send and receive money at a nominal fee. It provides the ease of having a credit card without actually having one.
Payments with Instant E-Check (ACH)
Players can directly connect their banking account for payments to their betting account and make both deposits and withdrawals with e-checks. The ACH method goes through instantly, and funds
can be transferred between these two accounts in a safe and secure manner.
You just need to provide the following information and e-checks will work seamlessly.
Bank account city
The benefits of using this transaction method include prompt turnaround time, even if the amount is not yet deducted from the customer’s checking account balance. There is a high acceptance
rate with this method. Almost all NJ online casinos accept instant e-checks for both depositing and withdrawing funds.
Payments with PayPal
One of the most popular e-wallets used today, PayPal is accepted by almost all NJ online betting sites. The online casino real money PayPal method is frequently used to safely deposit funds
into NJ iGaming accounts. The player must first fund their PayPal account with sufficient funds for the amount they plan on depositing into their online gambling accounts. The transfer is then
quick and seamless. Users can fund their PayPal accounts through bank transfers, credit/debit card deposits, and user-to-user transfers.
There are some restrictions with PayPal, however. NJ betting sites will not accept PayPal credit/debit card deposits. Note that you cannot make payments through your NJ betting accounts
through a business or premier PayPal account. The email users have associated with their PayPal account must match the email they have registered with their NJ online betting account. Players
are not able to withdraw funds through PayPal until they have first used this method to make payments into their accounts.
Payments through Cash at the Cage
In house deposits and withdrawals are the most straightforward, and always an option, even when gambling through online platforms. Customers can make a deposit or withdraw their winnings from
online casino real money play at the casino cage of the respective casino partner. Deposits and withdrawals must be made at the casino cage of the casino partner. Here is a list of NJ online casinos and the brick-and-mortar casino from which you can withdraw your winnings.
Pala Casino - Borgata Hotel and Casino
Party Casino - Borgata Hotel and Casino
BetMGM - Borgata Hotel and Casino
Scores Casino - Borgata Hotel and Casino
Borgata Casino - Borgata Hotel and Casino
Virgin Casino - Tropicana Atlantic City
Tropicana Casino - Tropicana Atlantic City
CaesarsCasino - Caesars AC Hotel and Casino
888Casino - Caesars AC Hotel and Casino
Harrah’s Casino - Harrahs Atlantic City
Betfair Casino - Golden Nugget AC
Golden Nugget Casino - Golden Nugget AC
PlaySugarHouse - Golden Nugget AC
PokerStars - Resorts Atlantic City
Mohegan Sun Casino - Resorts Atlantic City
Resorts Casino - Resorts Atlantic City
Bet365 - Hard Rock Atlantic City
Betfair Casino - Golden Nugget Atlantic City
BetAmerica Casino - Golden Nugget Atlantic City
DraftKings Casino - Resorts Atlantic City
Hard Rock Casino - Hard Rock Atlantic City
Ocean Resort Casino - Ocean Resort Atlantic City
Unibet Casino - Hard Rock Atlantic City
Payments with Online Banking Transfer
For those who don’t frequent the casinos in Atlantic City and prefer to make payments online, there is the option of directly transferring money from a bank account to an online betting
account. The benefit of making payments this way is that customers do not have to share their personal banking details with the NJ online betting sites. Online banking transfers are made
in online bill payment services and are accepted through most sites.
Payments with Prepaid Casino Cards
Payments via prepaid cards offered by the casino come loaded with benefits and conveniences. The branded cards are purchased through the respective NJ online casinos. The cards can be
funded through checking accounts and by Visa or Mastercard.
Once winnings are accrued, you can use these cards to withdraw money from ATM machines. The prepaid card is available for use immediately, as you do not have to wait on the actual physical card
to arrive before you can begin using it. You can make payments and even withdraw money with these cards without having previously used it to deposit funds first. It is no surprise that these
cards have the highest acceptance rates of any other depositing methods.
This branded card doesn’t come without setbacks, however. Cons include certain limitations and lengthy steps involved in the deposit process. You are limited to depositing up to $2,000 a day
and up to $10,000 per month. The cards are restricted to use at the casino from which they were purchased and the process of setting them up can be a hassle.
Payments with Credit and Debit Cards
Visa and Mastercard seem to be the safest bet for NJ online betting sites, as some credit card companies are still rejecting casino deposits. Credit and debit cards are some of the most
convenient methods for depositing into these online gambling accounts. As long as players have adequate credit for the amount they wish to deposit, they can easily make payments into their
NJ online betting account immediately. Different banks have different policies and fees, so it is important to take these into consideration when relying on this withdrawal and deposit method.
Payments with E-wallets
Electronic wallets are becoming increasingly popular, allowing customers to safely and securely store their bank and credit card details. Through the use of e-wallets, players can make
quick deposits and withdrawals at NJ online casinos. PayPal is the most popular, however, there are several options for e-wallets.
Neteller is becoming a popular choice of e-wallets for players making deposits and withdrawals into their NJ online betting accounts. Neteller e-wallets allow secure transactions with the
ease of linking a Discover card to the customer's betting account.
Skrill is a digital payment processing service specifically designed for the online gambling industry. It is accepted at the more popular online betting platforms, allowing players to
safely and securely fund their accounts and withdraw winnings. Players' bank and credit card details can be linked to their Skrill account in order to make payments directly from these as well.
E-wallets charge small transaction fees, however, players can use their e-wallets with the assurance that there will be no hassle from NJ online gambling sites.
Payments with Cash at 7-Eleven
PayNearMe is an electronic cash payment service located at 7-Elevens throughout New Jersey. This service can be used with credit cards and e-wallets. It is generally used by those who wish to
use these online payment services without linking them directly to their bank. The PayNearMe app has a scannable barcode, which players can use to access their accounts. You can use this
to make safe deposits. There is a section in the app which keeps track of the user’s payment history and generates receipts for their records. Once funds are deposited, a code is generated in
order for players to access their funds in their online betting accounts.
Payments with Wire Transfers
Bank wire transfers are available to fund NJ online gambling accounts. Those who do not feel comfortable sharing bank details usually use wire transfers. This can also be useful if a
player wishes to make an extremely large deposit into an account. The cons of using this method include certain fees and sometimes very long processing times.
Payments with Paper Checks
Sometimes people choose to write personal checks in order to fund their NJ online betting account. This is only possible if sufficient funds are available in the player’s bank account and if
the NJ online casino accepts deposits via paper checks. Cons of using paper checks include the long processing time which can take 7-10 days for the check to go through the mail and then for
the bank to clear the amount. Overdraft fees are always the responsibility of the customer. NJ online betting sites are more likely to accept the use of checks as a withdrawal method rather
than a deposit method.
Online Payment Methods and Safety: Double Encryption
You may be concerned about the safety both of your personal data (e.g., email address and physical address) and financial data (e.g., bank account or credit card information), and rightly so.
Keeping your data safe is a priority for online casinos. If word gets out that a casino isn't trustworthy, and customers will just go elsewhere.
But additionally, your money is the casino's money, at least as long as they're holding it. And casinos are going to protect their money. Casinos use a double encryption method to ensure
the safety of your deposit and financial data. First, your data is encrypted as you enter the information online; it is scrambled as it goes online so that it couldn't be read by anyone who
happened to breach your internet connection.
Next, the data is encrypted a second time when it is stored on the casino's network. So if there was a breach of the casino's server, the hackers would only find a jumbled collection of
letters, numbers, and symbols, but not have the key to decode the data.
Surprises About Payment Methods in Online Casinos
There are some things about payment methods and financial interactions for online casinos that may be surprising. The first is that the cage (or the cashier's office) at the physical
casino can still be used for both depositing and withdrawing. The second is that credit cards are not required for setting up an account with online casinos.
Many brick and mortar casino enthusiasts making the transition to online gaming may feel apprehensive about the move. But you can still maintain your relationship with your friendly
(or gruff) cage manager and do a transfer of funds the old fashioned way - hand-to-hand - if that's your preference. A few casinos will require you to come in physically to open an account in
order to confirm your identity, and then you can deposit your money there if you like.
Next, you do not need to have a credit or debit card in order to open an account or make a deposit. As you've seen, there are a number of options for deposits and withdrawals that do not
require an account or sharing your financial information.
Deposit to and Withdraw from Your Account Anywhere in the U.S.
You probably know that, in order to gamble online in New Jersey, you must be physically located within the borders of the state during
the time of play. The question is frequently asked, "Do I also have to be located in New Jersey in order to receive or deposit funds?" And the answer is no. You can register for
and deposit money into an account from anywhere in the U.S., but you are not allowed to play unless you can be proven to be located in New Jersey.
Casinos use geolocation software and devices (such as GPS on your smartphone) to ascertain your physical location. The ability to do this was a crucial aspect of having online gambling
legalized in New Jersey.
That means that you can take advantage of one of the offers to have your initial deposit matched by a casino even if you're not currently in New Jersey. If you have a layover in Newark,
you could take advantage of a bonus offer for new customers. So you can get the $20-30 free bonus dollars and also make a deposit and see that matched.
Most casinos also have matching deposit offers for first deposits, and often those match you dollar-for-dollar for the stipulated amount. Be sure to check your terms and conditions so that you
can be sure to take advantage of all the bonus dollars within the time frame.
Safe Banking: New Jersey v.s. Offshore Casinos
Many credit card companies refuse to do business with offshore casinos because of numerous cases of fraud and refusing to pay customers. Unless your online casino is hosted by a physical casino
in a state where online casinos are real, you're dealing with an illegal off-shore site.
The question often arises whether one should trust online casinos. You might ask further, "Will a casino honor their contract with me while they do not obey national and international laws
regarding the legality of placing bets? Should I trust a casino with my money that operates above or below the law?" Obviously not.
A quick search on the internet will render innumerable complaints against offshore casinos stealing customers' money. Being outside the jurisdiction of legal operation, you are also powerless
to sue to have your money returned. There have also been numerous cases of games being rigged, and while these are proven, customers who have lost money have not been able to have it returned.
On the other hand, state and federal authorities regulate every aspect of online casinos, just like physical casinos. So if there is a case of misuse of funds, inappropriate registration of
individuals, mishandling data, or rigging games, federal and state authorities would come down on the casino - hard - with heavy fines and the threat of revoking those expensive licenses.
Legal online casinos have a guarantee of good practice, and they give you legal recourse in the event of foul play. Don't get suckered by an illegal, offshore casino!