A debit card allows the cardholder to move funds from one account to another electronically when paying for different items. Debit cards are connected directly to the holder’s bank account and money is deducted from it during a transaction. The use of debit cards in the world is enormous, it is a payment method used by many people to purchase goods and services. With the growth of online merchants in this era, debit cards make it easier for both cardholders and merchants to execute transactions.
Debit cards are issued by financial institutions, mainly banks. These cards can now be used locally and internationally depending on how the issuing bank permits. Some debit cards are only allowed to work locally while others can be used in other countries and even online.
Each transaction performed by the cardholder attracts a transfer percentage fee charged by the financial institution. The customer can also make instant withdrawals from an ATM. Some popular debit cards include Visa Debit Card, MasterCard, and Maestro card.
There are many South African Online Casinos that accept debit cards as it is one of the easiest and most convenient payment options for some players. Casinos that accept debit cards allow you to deposit into and withdraw from your online casino account. There is no need for a third party to be involved in the transaction process, funds are directly transferred between the two involved accounts. Depositing money into your online casino account is easy. Go to casino’s cashier page, choose a debit card from the list of payment. Complete all the information required such as your name, card number, card validity date, amount and the CVC or CVV code. The CVC or CVV code is the last digits on the back of your card. Make sure you recheck all the information especially the amount before you press “submit”.
Withdrawals from an online casino account to your personal account usually take a day or few days depending on the efficiency of the financial institution.
Advantages of Using Debit Cards
Using a debit card is fast and safe. Even though some people usually don’t feel safe disclosing their bank account details online but using debit cards is one of the safest payment methods. You spend the money that you have in your account, unlike credit cards that leave you in debt. Once your account reaches the daily bank account limit you won’t be able to continue with deposits. Making deposits does not attract any charges.