An introduction to Debit Cards Accepted at Betable Casino Sites by Betable Casinos
Betable casinos provide several convenient ways to make your payments. Many of these are recently introduced services, such as the variety of electronic transactions and e-wallets. These have only been around since the development of the internet in the very late 20th Century. Yet perhaps the most popular way of making your deposits online is a little older: the debit card was first introduced around a decade earlier.
Debit cards are plastic cards that can be used as an alternative to cash when making payments for goods and services. In the real world of shops and other retail outlets, the actual card is used. For online payments, the account numbers, expiry date and security codes are used. These are unique for every account.
Although outwardly identical in appearance to credit cards, debit cards operate in a very different way. With credit cards, the funds used to make your payments are loans, which have to repaid, and for which interest may be charged. Paying with a debit card means that you are using your own money, which is taken directly from a linked bank account. This money is then transferred directly to the Betable casino you have decided to join.
Summing up Debit Cards Accepted at Betable Casino Sites by Betable Casinos
The History of Debit Card and Betable Casinos
The first debit cards were issued by Barclays Bank in the United Kingdom in 1987, where they were called “Connect” Cards. Other banks swiftly followed. Midland (now HSBC), Nat West and Royal Bank of Scotland banded together to produce “Switch” cards the following year.
The "Connect" card was soon re-branded, becoming Visa Delta. This was new name was unique to the United Kingdom however. The rest of the world was using Visa Debit, so around the turn of the century Visa Delta was gradually phased out in the UK in favour of its more internationally recognised brand.
The two parallel Visa / Switch systems continued to operate in the UK until 2011, when the “Switch” service was merged with MasterCard’s Maestro. Today, most of these banks have converted to the Visa debit system. Maestro is rarely seen in the UK, although it remains a major international brand. Both the Visa and Maestro will be accepted at a Betable casino.
One of the major motivations for banks to introduce the debit card was that they were intended to replace old style paper cheques. Cheque payments present several challenges for banks: they are slow, in the sense that the actual transfer of funds from the writer of the cheque to the recipient takes several days to complete; they are cumbersome and expensive to administer and they are also prone to fraud. This can be by such means stealing the actual cheques, forging signatures or even as basic as not having sufficient funds in the linked account.
The advantage of debit cards from the banks’ point of view is that they are more secure – available funds can be checked at the point of purchase and declined if necessary. Although in the early days a paper transaction still took place, nowadays they are entirely electronic (apart from your receipt slip).
The banks’ original plan to entirely replace the paper cheque has taken much longer than intended. Debit cards could originally be used to guarantee a cheque payment of up to £50 (later £100), but this cheque guarantee scheme was withdrawn in the UK in 2011. Today it remains possible to use a paper cheque to make payments for most banks operating in the UK, but very few payments are actually made this way. In fact, all online casinos will now no longer accept cheque as a a depositing method. Most people no longer even have a cheque book and many younger people are unlikely to have ever even seen one.
Betcable Casino Sites and Debit Cards Today
Debit cards remain one of the most popular means of payment: both in the real world and at a Betable casino. The advantages of using your debit card for online transactions are numerous.
Top of the list must surely be convenience. Debit cards are widely issued with most bank current accounts, so most people have one. That means that they are easy to use straight away. There’s no need to set up a new service or go through additional security checks when making a deposit at a casino, because you’ve already done all that when the card was issued.
Debit cards are also very inexpensive to use. In fact, for the vast majority of people, the service is completely free. There is no loan interest to pay, because you are using your own funds, direct from your bank account. The only exception here is for customers who have a bank overdraft which is, of course, a loan of sorts. In the vast majority of cases, there are also no transaction charges. There may be a few exceptions, but in general you don’t have to pay a fee to use your debit card. Instead, the retailer or vendor pays a small charge when accepting your payment.
Transactions are also quick, taking a matter of seconds to authorise, and the payment is made. In the case of a Betable casino, you can get on with the games straight away.
It’s also a very secure way to pay. Just make sure you are paying at a fully authenticated website: look for the yellow padlock in the address bar. If paying via your mobile, always ensure that you trust the Wi-Fi service you are using, and that you are not being overlooked by prying eyes. Most banks and other financial services provide apps so you don’t have to input all your financial details for every payment. It is worth pointing out that all Betable casino sites use the latest encryption software to ensure the card data is safely secured and not a risk from being hacked.
With Betable casinos, things are about as simple and secure as it is possible to get. That’s because Betable operates its own wallet system. This enables you to register your details just once: these details can then be applied to all their casinos. That means you can make your deposits using the same secure login, the same account balance and the same loyalty scheme across all Betable titles.
Debit cards have been around for quite some time, while many of the more recently introduced electronic payment services may be shiny, modern and new. Nevertheless, debit cards remain the first choice for many when choosing to make a deposit at a casino. Convenient, inexpensive, swift and secure, your trusty plastic card will always be there when you need it.