Blackjack Banking Options for U.S. Players: Best Practices for Your Money [Glancing Overview]
Don’t enter the room before knowing how to leave safely, even if it takes you to survey a few — it’s about the right choice.
Among many decisive factors in choosing the right online casino to play blackjack at, banking options and payout efficiency are among the most important ones.
Preceding them are, of course, the selection of gambling house from the reputable jurisdiction, comprehensive understanding of national gambling legislation, patrons’ introduction to casinos’ credentials and Terms of Conditions, evaluation of games’ licenses including the fairness of play and RTPs — all of them being the building blocks of players’ protection and responsible approach to gambling — but they are to no avail if gamblers do not possess the secure and reliable banking options to service their preferences and proclivities.
With ever-changing regulations of the iGaming industry and technological advents of digital society, the solutions continue to pop-up. In making the choice easier, they also put knowledgeable requirements in front of players — more options we have, more we need to know in order to make the right decision.
Compounded with the omnipresent worldwide legalization efforts so typical of the post-PASPA era, banking industry and vendors are working double time to stimulate existing payments channels and catalyze new ones.
The efforts of financial services professionals toward blackjack players are two-folded.
Firstly, they are oriented toward the United States, as the largest gambling market in the world based on player location criteria according to H2 Gambling Capital.
Secondly, efforts target the European countries amounting for the majority of Top-30 in the interactive gambling category based on the same criteria and source.
Only the United States, Japan, China (including SARs), Australia, Canada, South Korea, Singapore, Israel, New Zealand, and the Philippines are continental outsiders on that list.
The rest belongs to the United Kingdom, Germany, France, Italy, Sweden, Spain, Finland, Norway, Denmark, Belgium, Ireland, Czech Republic, Russia, Austria, Greece, the Netherlands, Poland, Slovak Republic, Portugal, and Switzerland.
Short of geographical dispersion, on the general note, the banking options can be categorized per payment methods and by the level of gambling regulations.
Banking Options in Highly Regulated Environments
As one of the most regulated markets in the world, America is in the midst of full-swing efforts to legalize online gambling and sports betting. Thus far, the states approving its citizens to gamble online are New Jersey, Pennsylvania, Delaware, Nevada, and West Virginia.
To blackjack players residing over there, banking options are by far the most advanced.
For fiat money, they include various credit/debit cards as the most common method, and bank wire transfers as once the most popular but still available at the majority of online casinos. They do not offer instantaneous balances results, but amounts for the safest ones.
Older methods like checks and vouchers are still out there available when other banking options are limited, though they take even longer to be utilized.
When it comes to cryptocurrencies, as probably the most efficient and connected way, the choices are numerous — Ethereum, Ripple, EOS, XRP, Litecoin, ZCash, not to mention the ultimate leader of the crypto pack, Bitcoin.
The endorsement of blockchain technology by Fortune 500 companies and the International Monetary Fund only adds to the popularity and resulting regulation efforts. The growing list of available e-wallets facilitating payments is led by PayPal, Skrill, and Neteller.
As blackjack players belong to the group of knowledgeable and analytical players, further drill-down of online payment methods from reputable sources can only enhance their abilities to utilize all positive opportunities this card game has to offer.
On the other side of the Atlantic…
A number of European countries have implemented both restrictive and progressive online gambling regulations in the last two years.
As a consequence, besides all usual payment methods, players in the old continent have at their disposal operators like Trustly, which through its Pay N Play service combines swift online payments (via service directly connected to user’s bank account) with solutions compliant to all KYC requirements.
(It is not far-fetched to envision such or similar services entering the U.S. market in the foreseeable future.)
Banking Options in Environments with Questionable Rep
And then, there are situations when blackjack players face not so prudent roads in terms of banking options. While they should be avoided by default…
The human desire for financial benefits can be a marvelously deceptive companion.
Thus, some do wander through these territories regardless of conventional wisdom. Therein, the U.S. players from states without legalized online gambling or those who want to play in online casinos that do not accept American gamblers are left to their own devices when it comes to deposits and withdrawals for their blackjack games.
Filling the void, numerous Bitcoin casinos rush to provide enticing packages for online gamblers offering a myriad of advantages like anonymity, security, efficiency, availability, minimal fees, plus capacities for scaling.
Of course, no coin has one side and that goes for crypto coins too. Lack of regulations, irreversibility, specific requirements of assets protections, pronation to sophisticated cyber-attacks is few of the most notable drawbacks.
Good news for the U.S. blackjack players’ options in environments with questionable reputation is — such online casinos would not sustain the test of wise checking list we mentioned earlier.
To that end…
Online gamblers ending up in a maelstrom of grievances regarding cashout and any conceivable issue arising from banking and payments services should initially look into their yard before checking the neighbors’ ones.
It’s All about Proper Entries and Exits
The intention is not to be harsh but to once more underline the significance of proper preparations. There is the old saying on the lines of how one should not enter the room before realizing how to leave it safely. Same is here.
The proper evaluation of banking options is the paramount segment of any blackjack player looking for an enjoyable experience in skillful effort to win. While nowadays resources and information are aplenty, courtesy of the internet, the endgame is the sole responsibility of players.
Always do your own due diligence, instigate the mandatory and objective evaluation of casinos’ payment methods among all others aspects of their operations, actively seek for the experiences of other players, and make decisions responsibly, in the limits of the budget and in line with personal skill levels.
Provided such sensible measures are employed and best available banking options are used, not to mention omnipresent pursue of playing excellence through knowledge and training, blackjack can provide for great fun and best chance to win for the clever and tactful player.