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Due to the emergence of alternative, cheaper options – notably Bitcoin – MoneyGram online casino deposits (also known as rapid transfer, money order deposits or person-to-person casino deposits) are not as popular a funding method as they once were. However many online operators still offer them as an option to players.
The good news is that, as alternative deposit methods at online casinos have emerged, MoneyGram has evolved in order to compete with the modern market. Players with memories of MoneyGram online casino deposits in the past will be delighted to know that transactions can now be processed online, rather than have to drive to your local MoneyGram agent.
As the demand for MoneyGram casino deposit options has declined, fewer casinos are offering this method to players. However, there are still some very good operators who will be willing to accept MoneyGram deposits and, as mentioned above, look out for those who will refund any costs associated with the transaction over a certain value.
There are two reasons why you might want to consider using MoneyGram as a casino deposit option. The first is that you are cash rich and want to fund your online activities without having to deposit the cash you have in a bank. That´s okay, but please be aware that MoneyGram has fairly stringent KYC requirements these days, and you will need to show official ID when making your deposit.
The second reason is that you are a U.S. resident whose bank will not process credit card transactions or wire transfers associated with online gambling, and you have not yet got your head around Bitcoin or other eWallet options. That too is okay, and it is worth looking out for online operators that refund the cost of depositing by MoneyGram if your deposit is over a certain value.
The issues with MoneyGram online casino deposits are mostly associated with the fact that MoneyGram transactions are processed manually, rather than automatically as is the case with credit card or eWallet deposits. This results in higher payment processing charges that are often passed onto the player rather than being absorbed by the operator. It can also cause delays in funds clearing in your account.
MoneyGram online casino deposits also tend to have low maximum deposit limits. This can be a disadvantage if you want to take advantage of a high-value first deposit bonus, although some operators will allow you to combine your first few deposits until the maximum amount eligible for a bonus is deposited. Please also note that not all operators offering MoneyGram as a deposit option will offer withdrawals by the same payment method.
Simply get the casino´s receiving address, enter the information and how much you want to deposit on the MoneyGram website and pay for the deposit with your credit or debit card. There is no need to set up an account with MoneyGram to do this.
In certain jurisdictions, you can have your winnings sent to MoneyGram and have MoneyGram forward the money to your bank account or an alternative eWallet. If this service is not available in your jurisdiction, you will have to go to a MoneyGram agent to collect your winnings in cash.
In certain jurisdictions you can sign up for the MoneyGram Plus service. Whenever you send money to an online operator, MoneyGram will send you an email when the funds have been received. There may still be a short delay until the funds are applied to your account.
A couple of years ago, Western Union was the leading provider of person-to-person casino deposits. However, due to being lax about its KYC procedures, the company was charged with facilitating money laundering and has since withdrawn from the online gambling market.