Guide to Online Casino Deposits and Withdrawals – BetMGM

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BetMGM Jun 03, 2022, 4:27 PM

The best online casinos are popular because they make it easy and convenient to play your classic favorites and find new online casino real money games. Sure, you play for the fun of it, but nothing beats winning real money, right? To do this, you need to learn all about casino deposits and withdrawals. It’s simple and easy – here’s how.

To start playing at the best online casinos that pay out real money, you’re required to deposit funds. There are a few steps involved in depositing at a reputable casino site. Once this is done, you can play your choice of games and make withdrawals from your account when your winnings come in. It’s simple and easy to do (especially if you have a guide that sets it all out for you!) 

Let’s get started with five simple steps to making a deposit.

How to make a casino deposit

To play for real money at casinos, you’ll need to put some cash in first. This will be your first deposit. You’ve already chosen a secure and reputable online casino in the USA and followed the simple steps to opening an account. Now you’re ready to make your first deposit. You can deposit funds into your online gaming account directly from your bank account or use your preferred credit or debit card. Here’s how to do it:

  1. Once you’ve created your casino account, you’ll be directed to the online cashier or cashier section.
  2. Choose your preferred payment method from those listed on-screen (we’ll go into more detail shortly.)
  3. If you haven’t already filled out your personal details (such as your address) when you set up your account, you might be asked to do this now.
  4. Enter the amount you want to deposit and your account password.
  5. Hit “submit” or “deposit,” and voila! – funds are transferred to your casino bankroll, and you’re ready to start playing games on the site. While some deposits are instant, other payments like bank transfers and checks can take longer to process.

Payment methods

Woman holding credit card and using laptop computer

When playing at casinos online, you can choose how you want to pay to play. Before deciding, consider the cost of using a particular payment method (credit/debit cards and bank transfers usually cost more,) as well as the reputation of the institution that provides that method of payment. Consider how easy it is to transfer funds, including the length of time it takes to make deposits and withdrawals.

The best online casino sites encrypt sensitive data to prevent theft of your personal information and credit card details. A reputable casino will always keep your personal account money separate from the casino’s operating accounts. Not sure you can trust a casino? Do a bit of homework and read the online casino reviews available on the internet.

Here is our list of the most popular and secure payment methods used by our players. You’ll find that many other reputable online casinos will have a similar range, too.

VIP Preferred e-Check

VIP Preferred™ ACH/e-Check is the preferred deposit method at BetMGM.com. You simply provide your ID number, your bank’s routing number and your account number. Funds will be transferred directly from your bank account to your BetMGM account. This payment method is quick, simple and easy to use.

Play+

The BetMGM Prepaid Play+ account is the preferred method for making instant deposits to your BetMGM account. To enroll online and fund your account using a credit card, debit card or bank transfer, all you have to do is log into your account and select “Prepaid Play+” from the Cashier. Keep in mind that additional costs and/or fees may be assessed by your card issuer in line with your cardholder agreement. Your money is held in an FDIC-insured bank account, so you’re guaranteed a secure transaction experience.

Mastercard and Visa

You can also use your Visa or MasterCard credit or debit card to deposit money into your BetMGM account. Before deciding to use this method, check with your bank because some establishments will not process credit or debit card transactions for online gaming. Your card issuer may also charge additional fees – this will be set out in your cardholder agreement.

American Express

You can use your American Express-branded card to fund your account. Corporate travel cards, prepaid cards, small business cards and bank co-branded cards will not be accepted. There may also be additional costs and/or fees applicable – these will be set out in your cardholder agreement.

Paypal

You can use your PayPal account to make a deposit via your PayPal available balance or personal bank account. Remember to factor in the transaction fees when depositing funds.

Electronic Transfer

Another option to transfer funds to your BetMGM account is simply by using a pre-established online banking account with the “bill pay” function enabled.

PayNearMe

PayNearMe allows you to fund your BetMGM account with cash at local stores such as 7-Eleven. You’ll have a PayCode sent to your email or phone; then all you have to do is go to your chosen shop and use cash to make a deposit.

Borgata Hotel, Casino & Spa

You can visit the cashier window at Borgata Hotel, Casino & Spa resort in Atlantic City, New Jersey to fund your BetMGM account in cash. You’ll need to provide your government-issued ID and online gaming account information to make a deposit.

Discover

You can use your Discover credit card to fund your BetMGM account. There are no fees charged for Discover deposits and the funds will be available in your account within one to two minutes.

Online Banking

PayWithMyBank allows you to securely fund your BetMGM account directly from your bank account without having to leave BetMGM.com. There are no fees for this service and you do not have to sign up or enter any additional information. Simply log in to your online banking account via the BetMGM site to make your first deposit. After your initial deposit, you will not need to log back in to make future deposits.

MGM Rewards

The MGM Rewards Mastercard allows you to deposit funds as purchases into your BetMGM gaming account. Qualified deposits will earn one Point and one Tier Credit per $1 deposited. Please refer to your Rewards Terms and Conditions to review your complete Rewards Terms.

BetMGM Gift Card

The BetMGM Gift Card powered by TAPPP can be used to fund BetMGM accounts on BetMGM.com or through the BetMGM app.

Apple Pay

Apple Pay offers an easy, secure and private way to pay on iPhone, iPad, Apple Watch and Mac. Please note that it is currently available for iOS on mobile web in safari only.

Deposit Bonuses

A deposit or welcome bonus can be offered to new players when they register to play for real money at casinos. Usually, you have to deposit your own funds before you can play with a welcome bonus. The reward can be an additional 50% or 100% of the first deposit you make into your site account, with a maximum bonus amount, of course. This type of bonus helps casino sites attract new players, and it’s also an incentive for newcomers to get more rewards from their first time playing. This way you can play your favorite slots and casino table games with a lovely bonus to make the experience even sweeter.

A deposit bonus comes with certain conditions. This could be a wagering requirement (the number of times you must play before you’re able to make a withdrawal from your online account,) a maximum cashout amount or you may be able to play only certain types of casino games with a welcome bonus, such as online slots. This is a great way to add something extra to your bankroll. 

How to make a casino withdrawal

Happy young man holding dollars and pointing on it

Withdrawing your winnings is easy. Trusted online casinos in the USA will always ask for ID when you cash out to make sure you’re of legal gambling age and haven’t been banned from the site. It’s unlikely you’ll be charged a cash-out withdrawal fee. Here’s how to do it:

  1. Go to the cashier section. This will give you your total funds and how much of your available balance you can withdraw. If your welcome bonus isn’t reflected in funds available for withdrawal, it could be that you haven’t met the wagering requirements yet. Be sure to read the conditions attached to bonuses so you avoid the common mistakes newbies make with casino bonuses.
  2. Pick the withdrawal method you want to use.
  3. Fill in the amount you want to withdraw, along with your casino password.
  4. Click the “submit” button, and hey presto! – your withdrawal will be processed. Make sure you have your ID because you might be asked to produce it at this point.

Advice on managing your bankroll

There’s nothing that beats the thrill of winning real money. The key to staying in control of your bankroll is having a healthy perspective on winning and losing. Keep track of your playing patterns, as well as your moods and emotions. This way, you’ll be able to make smarter gambling decisions instead of heated ones.

Start by getting on top of the numbers. You don’t have to be a math expert to note down your wins and losses for each session. This tally will let you know how much you can afford to lose. The figures will also show how often you win when you’re worried or tired. Next, set your casino budget – this amount should be your absolute limit, not a guideline, and you should hold yourself to it.

It’s also important to know the minimum and maximum bet of any game that you’re playing. Whether it’s a classic casino table game such as online poker or an online slot, the responsible thing to do is to check if it is within your bankroll.

One of our best pieces of advice is to keep your deposit intact so you’re never tempted to place larger, riskier bets while you’re still building your bankroll. When you stick to withdrawing just a part of your winnings (experts say this should be just a bit more than your starting budget,) you’ll never lose all your profits.

Self-control is another important factor to consider during gameplay. This way, you won’t recklessly spin the reels on your favorite casino slot games. If you feel yourself becoming frustrated or agitated, simply take a breather, do something else and make the choice to return to the game in a better mood.

Play some fun games at BetMGM

Now that you know all about deposits and withdrawals, put yourself in the running to win real money by making BetMGM your one-stop online casino. With a huge selection of games to captivate, engage and entertain even the most demanding gamblers, we’re one of the best online games and sportsbook casinos out there! Register at BetMGM and check out our phenomenal range of games. 

Now you can play online casino games in Canada! When you sign up with BetMGM, the best online casino in Canada, you get access to play slot games, online poker and other casino table games, as well as online sports betting with a wide choice of wagers across various leagues and sports. 

Whether you’re after the excitement of a poker tournament or simply want a quick game of online slots in Canada, make BetMGM your one-stop Canada online casino! 

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.