Payouts, Withdrawal and Deposit – The Bingo

Bingo Payouts

Bingo is a fun filled game and loved by all. With many gaming variations and options this game is played easily at number of online Bingo sites and Bingo Halls in Australia. This has brought up competition among the gaming industry sites and this works well for the player’s own advantage and convenience to choose what is right for him.
On Bingo gaming sites you will find headings listed 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.

Getting your bingo money has never been easier, especially when you consider all the online banking services that are currently available.
Let us see the various deposit and withdrawal options for online Bingo.

Bingo Payouts

Cash is the preferred currency of most of the sites when it comes to the types of payouts you can expect from an online bingo. 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.

Obviously they do not pay you physically but 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.

Depositing Your Money

If you are deciding to play online bingo for real money, you need to know about the various types of banking deposit methods offered by the majority of bingo halls. Each online bingo hall will offer a variety of bingo deposit methods and you would have to select the best deposit option that suits you.

Firstly, before you consider opening an account with any online bingo hall. You need to check if the bingo hall offers bingo deposit methods that suit you. At times you may find out that a bingo room does not offer banking options that you prefer and this can become difficult for players to make deposits. Deposit options are very important and as a professional player who frequently makes deposits, you would also want to know if the bingo room offers reload bonuses as well as bonuses for selected bingo deposit methods.

There are a variety of bingo deposit methods offered by bingo rooms and these are Visa, MasterCard, Skrill, PayPal, Neteller, Click2Pay, Instadebit, Ukash, wire transfer, ClickandBuy, Poli, and many more. The most popular banking option is the Visa and MasterCard. Players are able to deposit funds at almost all online bingo rooms and deposits are done fast in real time. However, this option is not preferred by some online gamblers due to the fact that they fear to disclose their credentials online to avoid hackers stealing their credentials. Deposits via credits cards are quite safe and players need to know that if you are playing your favorite bingo games at a reputable online bingo room, your credentials are safe and all monetary transactions are done via an encrypted network.

Another payment option that is popular and easy to use is Skrill and PayPal. These two deposit options only require the player to input their email address. The payment option is quite fast and your credits cards can be linked to any of these e-wallets. There are a few online bingo halls that accept PayPal as a deposit option but as of Skrill, almost all bingo sites will accept these methods.

There are a variety of e-wallets available that players can use to make deposits in to their bingo accounts. The only factor to consider is that a player needs to select an option of best choice. Some players are flexible with any of the banking options offered by the bingo room whilst others are not flexible to use all due to the selected banking option not available in your country or a player has been banned/limited to make use of that particular deposit option.
Suppose you need to make huge deposits then the best bingo deposit methods would be wire transfer.

Although this method takes 3-7 days to be processed, most online bingo halls accept large deposits via wire transfers only. Another important factor you need to consider is that most online bingo halls will make payment via the same method that was used for making deposits.

Methods of Withdrawal

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.

There are online sites that 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, 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.  As an example a site can offer a player cash out of 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 to be known before playing. There’s usually a link on online sites that explain and you can send or receive money  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 should be ready for play.