Prepaid Banking Options

By Alex Smith, Last updated Mar 23, 2024

Are you looking for the best online casino where you can use prepaid cards? Do you want to know about prepaid debit cards, prepaid credit cards – what they’re all about – and which ones you should get?

Do you want to find safe online casino sites where you can play with peace of mind you’re gaming in a safe and fair environment?

Then be sure to check out the list of our recommended online casinos below. Every online casino on this list has been hand-picked and tested by our team of online gambling experts, and they’ve all passed a rigorous selection of checks here at Casinomeister.

How Do Prepaid Cards Work?

Prepaid cards function similarly to standard debit and credit cards in that they may be used to make transactions online and in-person, as well as to take cash from an ATM.

Budgeting is made easier with the use of prepaid cards, which may be loaded with any sum of money you like and cannot be spent above that amount until the card is loaded again. A cardholder who deposits $500 into a prepaid card and spends $200 on a hotel room or night out will be free to spend a total of $300 more before the card becomes inactive and must be reloaded with additional funds.

Other important considerations to keep in mind when using prepaid cards are as follows:

• They are not the same as debit cards. Some people refer to prepaid cards as ‘prepaid debit cards,’ which is a misunderstanding. Although they are interchangeable, prepaid cards cannot be used in place of debit cards, as they are not linked to a checking account, as is the case with debit cards.
• They are not the same as credit cards. It’s also common to hear the phrase “prepaid credit card” bandied about, although prepaid cards are not the same as credit cards in that their transactions are not subjected to interest payments and their use is not disclosed to credit reporting agencies. Because of this, spending money with a prepaid card has no impact on credit score, either positively or negatively.

There is no such thing as a free lunch. However, even if there is no annual cost for a prepaid card, the card is still meant to generate a profit for its issuer, and the card issuer can require payment to reload cash onto the card, make ATM transactions, and other services. Check the terms before making a decision.

Where To Buy Prepaid Cards

In today’s market, prepaid cards are offered by a wide range of Canadian financial institutions, including some of the Big 5 banks as well as a number of smaller, younger rivals. The quickest and most convenient method to obtain a prepaid card is to apply for one online and have it delivered by mail; this will likely be the only option to obtain prepaid cards produced by smaller financial institutions.

In certain cases, larger banks may only provide their prepaid debit cards in person at a store, and they may need you to have an existing checking account with them as a condition of receiving their prepaid card.

Many (though not all) prepaid card companies need customers to be at least the legal age in their respective province in order to be eligible to use their cards. There are few requirements beyond that, making prepaid cards an attractive payment option for people with a weak credit history, or even those who have no credit record at all.

Where you don’t need to enter a bank to get a prepaid card, you’ll also be able to purchase them at a wide variety of retailers; you simply buy the card and load it with cash. We’re going to be taking a look at some of the best prepaid credit cards a little later on in this post.

What Are Secured Credit Cards?

A secured credit card isn’t a prepaid card – but it’s something that many people don’t understand – and, as you’ll soon see, a secured credit card is actually very different compared to a prepaid credit card.

A secured credit card requires you to make a small deposit upfront, and this amount of money that you deposit typically is worth the same value of the balance on the card. Generally speaking, secured credit cards are used by those who have poor credit scores and couldn’t otherwise get themselves a credit card.

You should also be aware that with a secured credit card your purchases will be subject to interest – so it’s really important to stay on top of paying your balance each month. A secured credit card is sometimes accepted at online casinos, but many issuers will frown upon using their card for online gambling – so you may find that you’re not able to use it at online casinos or sportsbooks.

How To Deposit Using Prepaid Cards

Like many of the payment methods we’re seeing offered at online casinos today, it’s incredibly easy to make deposits using your Prepaid card – and the first thing that you’ll need to do is head to the cashier section of your casino account. You’ll then want to select either VISA or MasterCard, depending on which logo you see on the prepaid card you’ve purchased.

You’ll then need to enter the long 16-digit card number that shows on the front of the card, the expiration date along with the name of the bank. You may also need to provide more information about the prepaid credit card provider at this stage, although this is unusual.

Once you confirm your deposit amount you’ll need to click the “Deposit” button – and you then may need to log in to the prepaid card issuer’s website and register your ZIP code. This isn’t always required, and it doesn’t appear to be clear exactly when this is required. Once you’ve done this and your transaction is confirmed the funds will be added to your casino account balance and you can begin playing your favorite games!

Now, we often get asked about what happens if you only deposit a portion of the money that’s loaded onto your prepaid card. Let’s imagine, for a moment, that you have $300 on your card but only want to deposit $100 at the casino.

All the online casinos that accept prepaid cards allow you to make partial deposits – and it’s absolutely no problem to deposit a lower amount than the amount that’s on your card. However, you should always check what the minimum deposit limit is at the casino you’re playing at, as you don’t want to try and deposit less than the amount that’s allowed!

Top Prepaid Cards

If you’re looking for the best prepaid cards available to Canadians then below, we’re going to run you through some of the top prepaid card options available to you:

CIBC Smart Prepaid Travel VISA Card

Coming to us from CIBC, their next offering – the Smart Travel VISA Card (Prepaid, of course) is the company’s newest product, and it’s a terrific payment option if you’re on the go. All you have to do is pick a denomination and fill up your card electronically through mobile payments or at any CIBC branch location to get started. This means you will benefit from a set conversion rate, which will prevent you from experiencing any unpleasant shocks as a result of fluctuating currency exchange rates.

The currencies that are now accessible include US Usd, Euros, Pounds Sterling, and Mexican Pesos, among others. Just these 4 assets are usable: Canadian dollars are not compatible with this card unfortunately.

The lowest card balance and maximum card balance differ through one currency to the next depending on the denomination. Our recommendation is that you go to the CIBC company’s site to figure out what these sums are in your selected currency.

One would be able to view their account information at any time over the internet, and this prepaid card will allow you to travel with confidence owing to its emv chip technology, which is widely acknowledged as a global security standard in the financial industry. Additionally, active fraudulent monitoring is offered to identify and deter any illegal behavior.

Koho VISA

KOHO provides one of the most competitive prepaid credit cards available on the present market. It combines all of the advantages of a traditional credit card, apart from interest costs, into one convenient package.

The KOHO app or electronic transfer allows you to use your credit card anyplace Visa is accepted. You may also immediately credit your credit card with the sum you desire by using the KOHO app or electronic transfer. KOHO provides three separate prepaid credit accounts: the “KOHO” account, the “KOHO Premium” account, and the “KOHO Joint” account. The “KOHO” account is the most basic of the three accounts.

It is not necessary to pay any yearly fees or charges to maintain the “KOHO” account. On all of your purchases, you will receive 0.5 percent cash back, with the possibility of receiving extra funds back value at specific approved stores.

The “KOHO Premium” account offers prices of $9 per month or $84 per year (a savings of $24), as well as a free 30-day trial period, which may be used to test the service. It comes with a 2 percent cash back bonus on purchases made at restaurants, grocery stores, and public transit. Prepaid credit cards are good for travelers since they have no currency conversion costs and allow for one free withdrawal from an international automated teller machine each month (ATM). Another significant advantage of having a “KOHO Premium” account is the price match feature, which allows you to get a refund for the difference between the goods you purchased and the cheaper counterpart sold elsewhere on the internet. Finally, the ” KOHO Premium ” account offers you access to the assistance of a financial coach, who may provide you with more tailored financial guidance as needed.

The final account is called the “KOHO Joint,” and it has no yearly charge attached to it. It’s the ideal account for streamlining the administration of finances and saving objectives that you and a close relative or roommate share. On all of your transactions, you’ll receive 0.5 percent cash back, with an extra 0.5 percent money back bonus on items purchased from certain approved stores (see list below). When a transaction is completed using your account, you will receive an instantaneous notice of the transaction.

The KOHO Prepaid Credit Card allows you to earn more money while also conserving it by automatically rounding up your purchases and depositing the amount into an electronic savings account on your behalf. It is accessible in a virtual format, which makes it excellent for online buying transactions. The KOHO app also functions as an expense tracking and balance updating tool, allowing you to keep track of your income and expenditures in one convenient location.

STACK Prepaid MasterCard

The STACK MasterCard is one of the most popular prepaid card alternatives in Canada. It is a prepaid card that provides customers with a range of incentives and features to help them manage their money more effectively.

It allows you to spend your money wherever you choose in the globe while earning immediate cash back incentives at over 140 merchants.

You will be able to take advantage of special deals and promotions on your everyday shopping. Regardless of where you go, you’ll always get the best exchange rates in over 150 currencies, and there are no exchange or ATM withdrawal costs. Utilizing the STACK Finance mobile application, you can keep track of your weekly expenditures and have a clear understanding of the current situation of your money.

If you spend, transmit, save, or receive money using STACK, you will be notified as soon as it occurs. There is a wonderful function that helps you to save more money, which allows you to attain your savings objectives more quickly and efficiently. This prepaid credit card comes with zero liability fraud protection, and you have the option to stop your account at any moment if you suspect fraud.

Mogo VISA Platinum Prepaid Card

It is possible to have greater control over your spending habits (including with online gambling) with the new MOGO card, which is a prepaid credit card that is backed by VISA Platinum. Additionally, its one-of-a-kind features assist you in lowering your carbon impact when you purchase. According to a recent announcement, Mogo has started a new initiative in which the firm will grow trees for every transaction completed with the card. The Arbor Day Foundation predicts that each plant removes 550 pounds of Carbon dioxide from the air!

Using your money instead of credit instead of credit cards will result in you spending just what you can afford, just as with any other prepaid credit card. Neither a monthly interest rate nor an interest rate on purchases or an initial card activation fee are applicable with this card. The company charges $1.50 for ATM withdrawals in Canada and $3 for ATM withdrawals outside of the country.

The maximum balance on the card is $10,000, with a single purchase limit of $5,000 on each transaction. You are permitted to make a total of 10 money transactions in a 24-hour period. In addition to using the smartphone app, you may also top up your Mogo card at a Canada Post office. Every time you make a purchase, the mobile app will send you an update on your balance and an SMS or push notification.

An automated transfer tool is provided to assist you in determining how much and for how long you wish to spend your money. This card also has the Visa Zero Liability function, which protects you against any unauthorized use of your card information. A replacement card may be ordered straight through the mobile app at any moment after your card has been blocked. Another interesting element of Mogo is “MoneyClass,” which gives ideas and advice on how to make the best financial decisions with your money.

BMO Prepaid Travel MasterCard

The BMO Prepaid Travel MasterCard is one of the low-fee prepaid card options available to Canadians, and when it comes to prepaid credit cards the BMO Prepaid Travel MasterCard is one of the best around; the cost of the prepaid card is just $6.95 each year, and there’s no spending limit – although, rather strangely, there is a maximum balance of $10,000 at any one time – something you don’t always see with prepaid debit cards and prepaid credit cards.

The BMO Prepaid Travel MasterCard is a highly-secure prepaid card and, as the name suggests, it’s well-suited for those who travel frequently. You can use this prepaid credit card anywhere in the world that accepts MasterCard cards which means you’ll be able to use it for online purchases along with at certain online casinos.

One of the reasons that the BMO Prepaid Travel MasterCard is so cheap is down to the fact that it comes with no liability protection in case your BMO Prepaid Travel MasterCard is stolen; for most people this is going to be a big turn-off, especially if you’re loading large amounts of money onto the card – but for those careful, this may not be too much of a problem.

Like all prepaid credit card account cards the BMO Prepaid Travel MasterCard doesn’t let you take cash advances, and there’s no interest paid on purchases, either. The foreign transaction fees are pretty low, and the ATM withdrawal fees are also low, letting you withdraw cash in foreign countries without having to worry about spending too much on fees. As mentioned, there’s just a low yearly fee for the BMO Prepaid Travel MasterCard so you don’t need to worry about monthly fees – and when it comes to prepaid cards and credit cards in Canada, the BMO Prepaid Travel MasterCard is a pretty solid choice.

CIBC Air Canada Conversion VISA Prepaid Card

Individuals who travel regularly may also be interested in an exclusive VISA cash card from Air Canada, which is an excellent option for those who travel frequently. The most significant feature of this card is that you may load it with up to ten different currencies, which are available in 45 different countries.

Other currencies available to you include the United States, Australian, and Hong Kong dollars; the euro; the British pound sterling; the Japanese yen; the Turkish lira; the Franc and the peso; and the Japanese yen.

Not only will there be no additional conversion cost, but you will also be able to freeze the rate of exchange every time you load up your card with cash. You may load money onto your card via the AC conversion application or the website, and you can transfer money across currencies as well. You may also keep track of your expenditures using this app.

You may either order your prepaid card or pick it up at a CIBC office in Toronto’s Pearson International Airport. There are no costs associated with the registration or topping up of this card.

This is credited to the customer’s account in the denomination in which the transaction was completed. There is a maximum amount of $20,000 (or perhaps the equivalent in some other currency) on this prepaid card, and there is a daily spending restriction of $3,000 (or perhaps the equivalent in some other currency).

CIBC Smart Prepaid VISA Card

In addition to their Smart Prepaid Mastercard, CIBC now offers a Smart Prepaid Visa, which is an excellent tool for tracking your spending, creating a budget, and conveniently refilling up your card. You may fund it with Canadian dollars from your CIBC checking or savings account at any time by completing the process online or visiting a CIBC branch location. You have the freedom to spend as you like without having to worry about going into lines of credit – as is all too often the casino with credit cards.

With no minimum age restriction for this card, it might be a fascinating tool for teaching your kids the concept of personal budget management and financial responsibility.

Using an ATM that displays the VISA or Plus sign, you may withdraw cash from any location in the globe. Accessibility of Visa payWave contactless allows you to quickly and simply make minor transactions while also keeping track of your account information on the go, either through the app or by directly logging into your account.

The preloaded card allows you to purchase safely online since it uses a secure payment service approved by Visa, which provides additional safety while shopping online with this card. When using the CIBC Smart Visa card, the max card balance is $ 10,000, and you may make purchases of up to $ 3,000 each day with the card. Continuous fraud surveillance is also accessible in order to discover any fraudulent activity that may have taken place.

The Canada Post Cash Passport MasterCard

The Prepaid card from Canada Post is an excellent choice for usage when traveling as well as for everyday transactions made online or in stores. It may be obtained from just about any Canada Post office, and it can be accessed without the need to submit credit history or financial details.

This card protects your money by utilizing chip technology and a Passphrase that is separate from your checking account. You may put funds onto the card and begin using them right away. Because it allows you to pick between seven different currencies, this Mastercard is ideal for buying on US and foreign websites in local currencies.

Mastercard imposes a fee of $15 for the activation of the product and $3 for each additional funds loaded into the card. If the card is not used for 12 months, it will be subject to a dormancy fee of $2.80 each month. In terms of the financial fees, Mastercard charges a flat rate of 1.5 percent for all domestic plan spending.

To obtain a Canada Post prepaid bank card, just visit your local post office and present a valid picture identification. In order to lock in their rate of exchange, clients can put Canadian dollars on their debit card. Every Canada Post office nearby you may reload this card with cash or a debit card, and you can do it at any time.

Alternative Payment Methods

If you don’t want to use a prepaid card, or can’t – you’ll be pleased to know there’s tons of alternative payment methods you can use. Some of these we’re going to take a look at below:

Interac

When it comes to payment processing, Interac is a well-known name in the country of Canada. Indeed, it has long been recognized as the official debit payment processing system of the United States, having been in operation under this brand name for more than 30 years and much longer before that.

Interac payment processing technology allows online casino players to utilize their existing bank or credit union accounts to deposit and withdraw funds from their casino accounts. To get started, all you have to do is open an account with one of the 250 partner banks, which shouldn’t be too difficult considering that RBC, BMO, and Scotiabank are among those participating.

Once you have established a banking or credit union account with one of the participating financial institutions, all you need to do is register for an account with one of the Canadian online casinos that accept this method of payment.

Transferring money into your user account is as simple as selecting Interac e-Transfer from the drop-down menu and connecting to your existing online banking account. When prompted, select the same e-Send option as before, input the amount you wish to transfer, and you’ll get a security question through text, email, or another contact method you specify following confirmation. If you correctly answer the question, your identification will be validated, and the money will be sent into your casino site account shortly afterward.

The only difference between deposits and withdrawals is that gamers must identify a series of security questions as well as the bank account to which the money will be sent. The casino takes efforts to ensure that the response corresponds to the information provided for the online banking account in question. It takes about 4-6 business days for the transfer to be approved by the operator once this has been confirmed by the recipient.

Security is undoubtedly a significant advantage of this payment method, which is further enhanced by the fact that it does not need extensive waiting periods. Despite this, the low prices are tempting – they range from $0.00 to $4.00, but are generally between $0.50 and $1.50 on average.

Instadebit

A lot of factors contribute to Instadebit’s popularity as the most commonly utilized deposit method in Canada. For starters, it allows players to deposit cash and withdraw winnings immediately, whereas other kinds of gambling need the completion of paperwork or just take an excessive amount of time to get funds.

Instadebit is a secure payment method that does not charge any additional fees while making a deposit or withdrawal. You can establish an Instadebit account if you already have a bank account with one of the following Canadian financial institutions: TD, RBC, Scotiabank, BMO, and certain other credit unions.

To get started, you’ll need to sign up for an Instadebit account. While going through the registration procedure, you will be required to provide your personal and financial information, your address, as well as the last four digits of your social security card number.

Despite the fact that some people are afraid to provide such sensitive information online, you can be confident that your data will not be distributed with others. Soon, you’ll be able to discover more about the security of each payment method.

Afterwards, you’ll be prompted to provide data about the bank account that you’d like to associate with Instadebit. This step will need you to have your bank details, routing number, and bank number on hand.

If you have already registered an account, you will be required to wait while your information is verified. Your checking account will be debited for a little sum, and you will be responsible for funding the amount that is deposited into your Instadebit account with your own funds. It’s important to note that the transfer may take up to three business days to complete. Then after, you must log into your Instadebit profile and verify that it is indeed yours to continue.

Your Instadebit account will be funded as soon as the verification process is completed and your funds are received. Prior to making a purchase, go over to the cashier and select Instadebit as your chosen deposit option before proceeding with the transaction.

The amount of money you choose to deposit will be deducted from your debit card amount instantly, enabling you to start playing within minutes of making your selection.

iDebit

Payment processing service known as InstaDebit, which mostly served Canadian customers, was the forerunner of the current iDebit. Even though they chose to remain in their sector, the new iDebit firm aimed to reach a far bigger audience. It is now possible for residents of more than 20 different countries to make payments to their preferred online merchants. These countries include the United States (including Alaska), Australia (including New Zealand), Finland, Germany (including France), the United Kingdom (including Sweden), Belgium (including Belgium), South Africa (including South Africa), and Canada (including Canada).

When it comes to iDebit, it’s important to remember that the company is always working to expand its e-commerce network. By establishing a presence on a greater number of merchant websites, they are able to reach a larger audience and create more traffic.

Despite the fact that it provides two options for payment — direct online bank transfers or an embedded e-wallet account transfer — it is mostly considered as an e-wallet solution in the industry.

On the one hand, the service can act as a go-between for your selected bank account (which can be from one of the partnered financial institutions) and the bank account of the other party, and on the other, the service can act as a go-between for your selected bank account and the bank account of the other party.

iDebit also offers the option of opening an e-wallet account. Go to the official website and register for an account in order to get started. You’ll need to choose a traditional banking account from one of the partner banks in order to load your e-wallet, so make sure you transfer enough money to cover your needs.

Online casino deposits are simple and only take a few minutes; all you need to do is discover an iDebit casino that meets your requirements in terms of game selection, bonuses, conditions, and privacy before making a transaction online. When making a deposit, select this payment option, as well as whether you wish to utilize a direct bank transfer or an e-wallet to complete the transaction. Regardless of the option you choose, you must first log into your account, enter the amount you intend to send, and then confirm.

Withdrawals are likewise simple, requiring no more time than the standard cashout period of a few minutes on average.

Both techniques have their pros and limitations, with security being the most important consideration in both cases. Still, employing an e-wallet between your business and your bank account gives an additional degree of protection between the two. It also removes the tiny fee connected with direct banking payment processing, which makes it an even better deal in the long run.

EcoPayz

EcoPayz is an electronic wallet that provides people and businesses throughout the world with secure, quick, and simple payment services. The trademark is owned by PSI-Pay Ltd, a company based in the United Kingdom that has been granted permission by the Financial Conduct Authority to manufacture digital money and provide payment services to consumers.

EcoPayz was established in 2000 and has steadily gained in popularity among its customers since then. When you use this payment method, you may send and receive money almost instantaneously to practically anybody in the globe, at any time of day or night. It is available in 45 different currencies.

Whatever your reason for transferring funds, you can do so quickly and easily without having to be concerned about security issues with Western Union.

Clients may now pick from a myriad of payment choices available to them. Credit or debit cards, online banking, prepaid vouchers, and a variety of e-wallets are all available as payment methods for this service.

EcoPayz, on the other hand, stands out from the crowd since it offers a high level of security, efficiency, and use. That is one of the reasons why it has garnered such a big number of customers. The fact that many casino operators have been employing this payment method for a long time, on the other hand, is explained by this fact.

Vanilla Prepaid Cards

A Prepaid Vanilla card is a popular deposit method for Canadians who want to add funds to their online casino account – and it works in a near-identical manner to physical debit and credit cards. However, unlike debit and credit cards, your Vanilla prepaid top-up card isn’t linked to a bank or credit union share account – and you can only spend money that you’ve already topped up on your Vanilla prepaid cards.

If you’re looking to use a Prepaid Vanilla card at online casinos you’ll be pleased to know that it’s actually incredibly easy to purchase one – and a huge number of the large major retailers in Canada allow you to purchase one. There’s a couple of ways to tell whether a retailer sells Prepaid Vanilla cards; firstly, all retailers will display the Vanilla logo on their storefront. Alternatively, you can also use the Prepaid Vanilla where to buy function to find a retailer near you.

Once you’ve found a retailer you simply need to head down there, tell the cashier that you’d like to purchase a Prepaid Vanilla card and select how much you’d like to top-up your account with. You should be aware that there’s a number of different Prepaid Vanilla cards – three in total – and the maximum amount of money you can top up your card with depends on which of these cards you choose. Below, we’ll show you the different cards the top-up denominations:

• Mastercard – $25, $50, $100, $200
• Visa – $50, $75, $100, $150, $250
• OneVanilla Mastercard – $20 – $500

You can top-up your card using cash or, in some cases, debit and credit cards – and once you’ve done so the retailer will hand you a receipt with your card information. You also need to activate the card, although today, this is done automatically at the store you’re purchasing the card from. There is a $3.95 charge to activate the card and this is paid at the point-of-sale.

FAQs

Where can I find the best online casinos that accept prepaid debit cards or prepaid credit cards?

If you’re looking to find the best prepaid credit card casinos, check out the list of sites right at the top of this page. All of these sites have been hand-picked and vetted by our team of online gambling experts, and they’ve all proven themselves to be safe and fair places for players to play while depositing with Paysafecard.

Is it possible to claim casino bonuses and promotions when making deposits using prepaid credit cards?

Yes! While many other payment methods like Skrill and Neteller are often excluded from being used to claim deposit bonuses, that’s not the case with prepaid credit cards and the best prepaid credit cards – and you’ll find that you’re able to claim a wide variety of bonuses and promotions when making deposits using a prepaid debit card or credit card.

Are prepaid debit card and prepaid credit card transactions safe?

Yes; thanks to the fact that virtually all prepaid debit and credit cards are issued by either VISA or MasterCard-connected banks and financial institutions you don’t have to worry about security.

State-of-the-art anti-fraud protection systems are running at all times, and most prepaid debit and credit cards now have SMS 2FA for larger transactions, so you’ll need to manually confirm the transaction by entering a code when making a purchase that’s sent to your mobile phone.

Where can I buy the best prepaid credit cards?

In today’s market, prepaid cards are offered by a wide range of Canadian financial institutions, including some of the Big 5 banks as well as a number of smaller, younger rivals. The quickest and most convenient method to obtain a prepaid card is to apply for one online and have it delivered by mail; this will likely be the only option to obtain prepaid cards produced by smaller financial institutions.

In certain cases, larger banks may only provide their prepaid debit cards in person at a store, and they may need you to have an existing checking account with them as a condition of receiving their prepaid card.

Will I be charged foreign transaction fees?

Whether or not you’ll be charged transaction fees when using our prepaid debit and credit cards abroad depends entirely on the prepaid debit card issuers. Generally speaking most prepaid debit and credit cards do charge you a small fee when your card is used abroad – but this isn’t always the case. For example, some of the prepaid debit and credit cards that are designed and marketed for use abroad may allow you to spend a certain amount of money before you’re charged any foreign transaction fees – although again, the amounts can vary a lot between issuers.

Always check the terms and conditions of the prepaid debit and credit cards you buy so that you’re aware of whether or not you’ll be required to pay any fees or charges when making purchases (or deposits at online casinos) abroad.

Can I withdraw money from an ATM using prepaid debit and credit cards?

Yes, all prepaid debit and credit cards allow you to make withdrawals from an ATM. However, some card issuers may charge you a fee – especially if you’re using a prepaid credit card. That’s because ATM withdrawals are considered cash advances – so always spend time reading through the terms and conditions to make sure that you know how much you’ll pay if you withdraw money from an ATM using your prepaid debit and credit cards.

Do all online casinos accept prepaid debit and credit cards?

No; in fact, some online casinos are starting to specifically refuse to allow players to use a prepaid VISA card or prepaid MasterCard – and Bet365 is a good example of this; they’ve recently banned the use of all prepaid debit and credit cards at their website, and we’re starting to see some other online casinos following suit.

Thankfully there’s a wide variety of alternative payment methods you can take advantage of, so, while annoying, it’s not the end of the world. Check out the other payment methods we talked about on this page if you want to learn more about the other banking options that are available to you.

Will I pay monthly fees to use prepaid debit and credit cards?

Whether or not you will pay a monthly fee depends entirely on the type of prepaid debit or credit card you choose; some providers do charge a monthly fee, while others do away with a monthly fee, instead choosing to impose a yearly fee to use prepaid debit and credit cards.

Thankfully, even if there is a monthly fee this monthly fee is usually relatively small – just a few dollars – so you don’t have to worry too much about breaking the bank to use these prepaid cards!

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