Three parties participate in the procedure for replenishing a casino account through Wire Transfer: sender, recipient and intermediary. WireTransfer always acts as an intermediary between the client and the institution, these both parties can be both senders and recipients.
High popularity is due to the simplicity of a bank transfer. An additional factor that allows users to choose an online casino with Wire Transfer is security. It is difficult for fraudsters to gain access to banking systems.
When making a transfer, the sender will be forced to pay a commission for the transfer, which will depend on the bank accepting the money. The details of the transfer will depend on the bank where the money is sent. The size of the maximum allowable amount for withdrawal is set by the gambling house. The transaction procedure itself is not much different from any other translation system.
The term for receipt of funds is from 1 to 3 days, in which the banking institution operates. The established term works both ways: for withdrawal and deposit. Even the TOP WireTransfer casinos cannot guarantee a high transfer speed, since the responsibility for the processing time of the application lies with the banks that send and receive funds.
A feature of this method is that the funds are received in cash, and not in the form of electronic funds, as with other methods of withdrawing funds from online casinos that accept WireTransfer.
This method of transferring money is as safe as possible, because sending and receiving money will require not only to come to the bank branch, but also to prove your identity. Without providing a passport, it will be impossible to take the necessary action.
The need to confirm your identity is also a negative factor, since any anonymity in financial transactions from online casinos at Wire Transfer completely disappears. Since the money transfer procedure is carried out through legal banking institutions, information about all income will be transferred to the tax service. But the really big minus is the duration of the cash transfer. Money through the bank cannot be sent in a few minutes. Both parties will be forced to wait for the completion of the transfer of funds within at least one day. Such a problem can be avoided by using electronic payment systems.