| Wire Transfer can be simply defined as an electronic transfer of funds. It can be done by a simple bank account transfer or by transfer of cash at a cash office. It is done from the customer’s bank account to the recipient through a cash office such as Western Union. A message is sent to the receiving bank requesting to effect the payment in accordance with the instruction given. The transfer is virtually instantaneous and requires no longer for transmission than a telephone call. The method is relatively expensive, but is still considered to be the safest international payment method. Both the cash sender and the acceptor must have a proven identity. Wire transfers done through cash offices (also known as wire transfer office) are anonymous and the fund transfer should be made between persons or business known to each other. Wire transfer can also be done online through any reputable service and it is done with a credit or debit card. There is no limit to the funding amount and it might take upto three to five days to process the fund. |
| Most casinos now allow for withdrawing the winnings by requesting a wire transfer. The cash is deposited directly into the bank account. Most casinos offer wire transfer as a withdrawal method and rarely can you find online casinos that offer depositing via wire transfer. It is almost same as using money order to process online casino gaming funds. The transaction can be made in Euros, Pounds, or United States Dollars. The bank account detail is protected and there is no theft or other security risks involved. The only drawback is that it might prove to be fairly expensive as there will be a fee charged. If the sum involved is a huge amount, then wire transfer will be the right choice but if the figure is nominal hen it would be better to go for other alternative methods. |
| Once the player sign’s up as a member of the casino, he receives a player code and an account number. The transfer is finalized by the cashier at the casino. The casino will provide the specific account information for transferring the funds. |
| Online Casinos that accept Wire Transfer |
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