MyWebATM Online Casinos

If you are new to online casino gaming you might be surprised by the many ways in which a player can make deposits and withdrawals on their casino account funds. For example, a standard online casino might accept credit cards, bank transfers, payment processing accounts and electronic wallets.

What is an electronic wallet? Well, one company created a variety of electronic wallet specifically for the online gaming industry. Known as MyWebATM, it lets the player deposit money into the online casino account through their bank or credit card and then this money is used at various casino websites that accept the MyWebATM accounts.

The really interesting thing about all of the MyWebATM accounts is that the account holder will be given an online or “virtual” account, but will also be sent an actual ATM card that will make withdrawals or deposits through any standard ATM machine. This obviously makes them unique among the online payment accounts, but there are some issues that keep a large number of online gamers from signing on. The biggest issue is the fees attached to almost every single transaction. Currently, MyWebATM users must pay a monthly service fee, regular transaction fees, decline fees (which are a real issue where online casinos are concerned), POS (point of sale) fees and more.

Why not just use a credit card? Well, that is a reasonable question and the thing about credit cards and online casinos is that it can often be a serious “hit or miss” situation. For instance, when a player first makes a deposit, they may be declined by their credit card company because of that particular company’s policies about online gaming. When a player uses the MyWebATM, they are using a card specifically designed to work with casino websites, yet some are still declined.

The reason that someone might opt to use the MyWebATM will basically have to do with security and privacy. Rather than handing over a credit card number or access to a personal bank account, those who use the MyWebATM accounts will be funding the card with outside funds and then giving the casino only the number from the MyWebATM. This means that the casino will only have access to those funds and no further information or financial data.

It is a known fact that around 75% of credit card holders never use their cards for online purchases due to their concerns for safety, and all of this is easily avoided through a MyWebATM account. The account is also capable of accepting withdrawal requests as well, which means that the player can simply register their MyWebATM account at their casino sites and when they are ready to access their winnings they can have the cashier deposit them into the ATM account.

Do many casinos accept MyWebATM accounts? Currently, the MyWebATM accounts are used primarily by gamers in the United States and are accepted at Sunshine Slots and Full Tilt Poker, among others. The ATM cards for the accounts will also currently work at more than eight hundred thousand ATM outlets as well.

MyWebATM for Online Slots

As with every deposit method accepted by online casinos, MyWebATM also allows you to play online slots.  All you have to do is pick one of the casinos listed on our top 5 casinos list above then make a deposit to your casino account using MyWebATM.  Then you can play any slot game offered by that casino.

 

Deposit Methods Available for Online Casinos