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PAYMENT METHOD BONUSES
What are payment method bonuses?
For any player seeking every opportunity to wring that extra bit of mileage out of their online slot entertainment, the payment method bonus is a lesser-spotted but very handy promotion where you find it.
Whilst credit and debit cards still reign supreme as the preferred way to deposit and withdraw cash from a player account at an online casino, other electronic payment services have been aggressively competing to service players’ needs in recent years. That competition has spawned the occasional incentive to attract custom and the payment method bonus is one such tool you might find offered at an online casino you’ve taken a fancy to.
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How do payment method bonuses work?
Payment method bonuses are exclusive bonuses given to players who choose a specific service to manage their account at a participating online casino, and have typically been match bonuses applied on deposits using that payment company.
The percentage of the deposit matched isn’t in the league of a typical Welcome Bonus – and we’d suggest a figure in the region of 10% is a reasonable expectation – but it can trigger on more than just a specified deposit, which can make it very useful in the long-term. The bonus is normally treated just like the casino’s other bonus money rewards and so will be subject its wagering requirements and other general bonus terms and conditions.
With free spins bonuses being increasingly popular promotions it’s highly likely that these may become part of the payment method bonus scene too, and you can be sure that we’ll keep our ear to the ground for any that sound like an offer too good not to share with our readers. In the meantime here are some usual suspects for payment method bonuses to watch out for:
NETeller has a long history of delivering a trustworthy service to quickly and simply transact online, debuting in 1999. Its core tool is an e-Wallet which you can stuff with funds from a huge variety of sources such as credit or debit cards, EFT (electronic fast transfer), bank deposits and other digital payment services.
NETeller also has shown distinguished service over the years to a who’s who of the best online casinos and so has become a very popular payment option with casino operators and players alike who appreciate the convenience and speed it offers.
Using NETeller requires the creation of a user account at the NETeller website, however this is free to do and is a very quick process to complete. In doing so you’ll be assigned a personal Account ID and Secure ID which will become the keys to setting up NETeller as your payment option with an online casino that offers the service.
NETeller’s widespread use for online casino gaming has given it considerable clout with many leading casino brands and, as a result, it is very common to find it has exclusive casino offers up its sleeve for players who like what it can offer.
One of the main competitors to NETeller for online casino players looking for a very convenient electronic payment service is undoubtedly Skrill. Originally branded as MoneyBookers when it launched in 2001, Skrill now has a dedicated ‘Skrill for Betting’ element to its business, which is a pretty clear indication that it’s become a very respected payment service in that market.
Using Skrill, like NETeller, requires the creation of a user account at its website and this is free and easy to do. This creates an e-wallet that you can fund from bank accounts, cards and prepaid vouchers as you need, with pretty rapid transaction times smoothing its use.
Skrill is a very common payment service to be found at recommended casinos since it offers great convenience if you don’t want to use credit and debit cards directly to manage a player account, and has advantages in faster withdrawal terms over such cards.
Skrill’s strength in the online casino sector also allows it to massage exclusive deals out of many of the leading brands it works with, so it’s another service to keep on your radar if you’re interested in taking advantage of payment method bonuses from time to time.
PayPal probably needs little introduction since it is probably one of the most popular e-payment services after the use of debit and credit cards, helped no doubt by its early acquisition by eBay in 2002.
PayPal operates as an e-wallet in much the same way as Skrill and NETeller described above, but is not quite as common a payment option at online casinos. That situation appears to be changing if our recent reviews are anything to go by and we very much suspect it will be competing very strongly in the coming years. We also imagine that payment method bonuses may well become part of its strategy if it has serious ambitions to woo online casino players to its service away from Skrill and NETeller!
Previously known as Ukash, Paysafecard is a leading prepaid voucher service that is widely accepted at the best online casinos. It’s a very convenient way to play if you’d like to use cash to fund your online slot entertainment, or prefer to keep your casino funds clear of your debit / credit cards or bank accounts.
The cards are widely available to buy at local retailers (a handy search facility on Paysafecard.com makes it easy to find one close to where you are) and can be bought as £10, £25, £75 and £100 cards, with PayPoint branded shops having extra values up to £175. Each card has a unique sixteen digit PIN code printed on it, and it is this that you use to authorize deposits of funds from the card into a player account at a participating casino.
Dig a little deeper into this service and you’ll find that it’s actually part of the same group as Skrill and NETeller (the Paysafe Group plc), so you can be sure that it offers the same levels of security and convenience for online casino gaming. Paysafecard should also benefit from the strong links Skrill and NETeller have forged with leading casino brands to bring other promotional benefits to its users in the future.
Whichever payment service you choose to manage a player account, it’s paramount to choose one that works best for your purposes. Ease of use and speed of transaction times are likely to be the main criteria to consider for any player, but hopefully this article has also alerted you to the possible bonus benefits that might come from picking a certain payment service over another. Deposits with dividends will always be welcome, and Casinosfreespins.co.uk will be sniffing them out like a pig after a truffle as part of its service.