Online betting sites have made gambling easier than ever by accepting prepaid cards as their deposit and payment method. More and more gamblers across the globe are using prepaid cards because of their convenience and safety. A variety of prepaid cards are easily available for US players and more casinos are accepting various kinds of prepaid and gift cards as their banking methods.
I put together this guide to provide you with valuable information on casinos accepting prepaid cards and a guide to sign-up with them.
What Is A Prepaid Card?
A prepaid visa or Mastercard is a pre-loaded card with real money. In fact, they are similar to gift cards. For example, you buy a $20 gift card, and the person holding it can purchase anything up to $20 using that card. Prepaid cards are excellent tools to control your bankroll. Because you should load them with a specific amount of money via one of your bank accounts and once it runs out of money you should fund it again. This way, you can control your gambling budget and prevent any possible overspending.
So, if you feel you need to limit your spending at online casinos, prepaid cards are the best option.
Best Gambling Sites That Accept Prepaid Cards
Although the popularity of prepaid cards is increasing, there are not so many trusted gambling sites that accept prepaid cards. However, you don’t have to try so hard finding a legit online casino that accepts prepaid cards. Because I already did the research and listed the best ones below. Rest assured and choose any of the following casinos because nikmood experts have analyzed each site thoroughly for safety and liability.
|Casino That Accepts Prepaid Cards||Min Deposit||Max Deposit|
Types Of Prepaid Cards
There are tons of different prepaid cards offered worldwide. However, the most popular and used ones are either closed system prepaid cards or semi-closed system prepaid cards. Let’s see how each category works:
Prepaid Cards: Closed System
People mainly call these cards merchant gift cards. Because businesses issue these cards which usually are loaded with a specific amount of credit. Typically, you can use these cards to purchase the products and services of the same business or merchant. Also, you cannot redeem these cards for cash.
Legally, there are no licenses required for the merchants to be able to issue closed system prepaid cards. This means these cards are not regulated by law.
One big drawback to these cards is that the card issuer will not provide any refunds for lost or stolen cards. Basically, the merchants decide whether to give a refund or not. If they decide to do so, they will give the refund based on a special agreement with the cardholder.
Prepaid Cards: Semi-closed system
As you may have guessed from the name, these cards are not exclusive like the previous ones. In other words, semi-closed cardholders can redeem them at multiple merchants but only within a specific geographic area.
Another big difference between the two groups is that an independent third party issues the semi-closed prepaid card, not the merchant.
Again, no specific law governs these cards and the regulations are state or country-based. In other words, laws depend on where you get the card!
The Best And Most Common Prepaid Cards
There is a numerous prepaid cards out there. The following table features the most common and famous prepaid cards available in Canada and United States.
|Prepaid Card||Main Features|
|Worldwide use, funds never expire, and no credit check is needed.|
|Walmart MoneyCard||Use worldwide with an international fee of 3%. Mobile check deposit is supported.|
|BMO Prepaid Mastercard
|Worldwide use, protection against unauthorized use|
|Prepaid Mastercard from Opt+
|-Accepted anywhere that Mastercards are accepted.
– comes with an exclusive Android or iOS mobile app.
– sends notifications to track your spending
|PayPal Prepaid Mastercard||-Easily integrates with the user’s PayPal account
– special offers and rewards will be given when the user shops at qualifying stores
-No card opening fee when the user opens an account online
|CIBC Smart™ Prepaid Visa||Easy online reload, funds never expire, won’t affect the holder’s credit rating|
|American Express Serve: Free reload||-over 45,000 locations are available to reload for free.
-if you open your account online, no fee will be charged.
-direct deposits will get paychecks up to 2 days faster.
|Canada Post Prepaid Reloadable Visa||– 0 fee for card-to-card transfers
– offers protection against unauthorized use
-you don’t need any credit check
|Bluebird by American Express||-No card opening fee when the user opens an account online
-No monthly fees
-No fee on purchases made outside the U.S.
– User gets their paycheck up to 2 days faster when they sign up for a direct deposit
-Ability to create family accounts and manage children’s spending
|FamZoo Prepaid Card||-Parents have control over children’s spending by locking and unlocking the cards
-free card opening for the first 4 cards(after that $3 will be charged for every card)
-purchases outside the USA will not be charged
|American Express Serve: Cash Back||– you will have an unlimited 1% cashback on all your purchases
-No card opening fee when you open an account online
– You get your paycheck up to 2 days faster if you use a direct deposit
Advantages And Disadvantages of Using Prepaid Cards At Online Casinos
Playing at an online casino has many advantages with the most important being convenience. Depending on your deposit method, your transactions will take place instantly and most of the time you can access your deposit right away.
Better still, at some online casinos, if you deposit using a prepaid card, you can earn an additional bonus. Prepaid cards are ideal for your bankroll management. Because as I mentioned before, prepaid cards are loaded with a specific amount of money and you can play only up to that amount.
Let me summarize the perks of funding your online casino player account with a prepaid card:
- You can manage your gambling spending easily as the deposit on the card is limited.
- Because most cards are co-branded with Visa or MasterCard, you can use them almost everywhere.
- You can enjoy extra bonuses because several casinos offer exclusive bonuses for those who deposit using prepaid cards.
- Your account will be funded immediately and the money will be transferred right away.
Although prepaid card gambling has many advantages, it has some drawbacks, too. The big downside to prepaid cards is transaction fees. Some prepaid cards, especially the ones you usually use for paying your bills or making online purchases, charge transaction fees.
Another disadvantage is withdrawal fees. Typically, withdrawals during the first month are free of charge. But, you will be charged for consecutive withdrawals using ATM devices. For this reason, it is highly recommended to read the terms and conditions associated with each card before getting one.
What Are The Best Prepaid Cards For Online Gambling?
Many online casinos sell prepaid cards. They even offer their exclusive prepaid cards which come with specific terms and offer multiple bonuses. Casinos like BetMGM offer exclusive prepaid cards which you can use for gambling or even use in MGM resorts and other partner places. You can purchase prepaid cards offered by online casinos in a matter of minutes. But don’t forget to read the terms and conditions carefully.
Luckily, banks that issue prepaid cards can issue credit prepaid cards to use for funding your online casino account. If the online casino does not offer prepaid cards, you can refer to your bank. However, If you select any of our recommended online casinos, you will be assisted through the issuing process.
Typically, if you want to get a prepaid card from an online casino, you should log into your player account and go to the cashier page. From there, select the prepaid card option and proceed as directed. The perk of getting a prepaid card from the casino is that you can be assured you will not face any problems while using it.
Remember, your only source to get a prepaid card is not the online casino itself. You can get prepaid cards from almost everywhere. There are a bunch of retailers, grocery stores, drug stores, and other places that sell such cards. But the important thing to remember is that each prepaid card comes with specific features, terms, and conditions. It is very important to entirely understand the terms of the card you are about to get. Some people take this as a disadvantage because they can get confused about using the cards. But if you carefully read the terms you will not have any problem using prepaid cards.
How To Gamble Using Prepaid Cards?
Funding your online casino player account using a prepaid card is pretty straightforward and it should not take you more than a few minutes.
To give you a rough idea about it, I summarize the steps you need to take to deposit your account with a prepaid card and play for real money.
- Sign up with one of the best online casinos recommended on this page.
- From the homepage, find the cashier and go to that page.
- Once at the cashier page, click on the deposit option.
- From the deposit list, pick a prepaid card, for example, MasterCard.
- Enter the card information.
- Claim your bonus code.
- Start playing for real money and have fun!
To Sum It Up…
Happy Prepaid Gambling!!!
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