Prepaid ATM cards
Prepaid ATM cards allow people that don’t have bank accounts to still use cards to make payments, and to also receive funds. They can be a good way of protecting your information online, giving dubious websites no way of stealing your money, except whatever is loaded on that card. These prepaid cards are easily available for users from North America, and they can be obtained from many banks. These cards, while not the usual debit or credit card you’re used to, still have the Mastercard or Visa logo on them, so they are accepted wherever debit cards are received.
How it works
The player first has to find a place that offers prepaid ATM cards. These cards can be bought from a number of online and regular retail locations, and they come preloaded with a certain amount, which is decided by the client. They can be reloaded at a later date, as needed, and they can be used to withdraw funds on them.
Even though the owner of an ATM card doesn’t necessarily own a bank account, he can still make payments online, receive money, and he can use ATM’s to take out cash from his card. It’s a method of payment that is obviously very useful online, but it’s also a good idea to have when you’re traveling.
Deposits and Withdrawals
The player can use a prepaid ATM card to make a deposit at an online casino, the same way they would with a debit card like Maestro or Visa Electron. You simply supply the information written on the card, and you get the funds in the casino account immediately.
Withdrawing money to a prepaid ATM card is also possible, since these cards act as debit cards. Whatever you’re able to do with a debit card, you should be able to do with a prepaid ATM card as well.
The fees are one of the issues that these cards have. Generally fees are around 4% for each transaction made by the card owner, which is in line with what the popular electronic wallet services tend to take.
The method is quite safe, as safe as a debit card actually, but with the added benefit that you don’t have a bank account with a lot of money attached to it. You can load it only as needed, in order to make payments that seem risky to you.
Prepaid ATM cards are a good choice for many people that want to deposit funds at casinos, and since you don’t really need a bank account when you use them, you can keep your financial background clear of any gambling activities.