Pros and cons of using VIP Preferred casinos
Pro and Con
- No fees
- Instant deposits and speedy withdrawals
- Features at many US casino sites
- Requires a bank account
- Have to provide financial information
- Limits set by VIP Preferred
Making a payment with VIP Preferred – a quick and straightforward process
One of the things we really liked about VIP Preferred is that you don’t need to set up an account through a different channel, or on a separate website. The entire process can be completed at any online casino with VIP Preferred deposit availability.
If it’s your first visit to a VIP Preferred casino, you can enroll to use the payment method at the same time as you open your new account. Existing account holders can simply select VIP Preferred from their
gambling sites deposit options
and then complete the quick and easy enrolment process. This is completed using the Global Payments Inc. network and we will explain exactly what this entails shortly.
Once your VIP Preferred account is set up, then it couldn’t be easier to make a deposit into your VIP Preferred casino account.
- Make sure you are logged into your casino account
- Navigate to the ‘Payments’ or ‘Banking’ area
- Select ‘Deposit’ from the options
- Click on VIP Preferred and select your bank account (if you added more than one)
- Enter the amount you want to deposit
- Make sure you double check all of the details before clicking ‘Confirm Payment’
Making a withdrawal from a VIP Preferred casino requires a similar set of actions and is just as fast and straightforward to complete.
Withdrawal and deposits with VIP Preferred: average time scales – no extended waiting times
Deposits
VIP Preferred online casino deposits are usually described as ‘instant’ but in reality, they can take a couple of minutes to become visible in your casino account. Although VIP Preferred uses the same ACH system as your bank, it is used in such a way that the usual prolonged waiting times associated with
ACH casino
transactions are avoided.
Also, as you are effectively moving funds directly from your bank account to your VIP Preferred casino account, you are cutting out the middleman, so to speak and will never experience the potential delays that can be caused when a third-party institution is involved in the process.
Withdrawals
Withdrawals requested from a VIP Preferred casino take an average of two working days to complete. That time scale is based on the assumption that your casino account has already undergone verification. It can also vary between different operators, depending on their internal withdrawal policies, as well as the day of the week you make your withdrawal request. Remember that only working days are counted, so a request made on a Friday will not be processed until Monday of the following week.
There are online casinos that accept VIP Preferred which also specialize in provisioning fast payouts for players. If this is a subject that is a deciding factor for you, then it’s best to explore the casino T&Cs before you sign up, rather than experiencing frustration further down the line. In any given situation, a VIP Preferred casino withdrawal should never take more than five working days. Any longer than that and you should reach out to customer support for further investigation.
VIP Preferred verification requirements – a ‘one-time only’ procedure
As we mentioned previously, before VIP Preferred services can be accessed, it is necessary to complete an enrolment process via the Global Payments Inc network. The good news is that it’s a one-off event, after which, any land-based or online casinos that accept VIP Preferred are accessible to the account holder.
The entire process can be completed in just a few minutes, directly from any VIP Preferred casino, with a minimum amount of input. As far as eligibility goes, users must be aged 18 years or over, be permanently resident in the US and have at least one account at a US bank that is in their name.
During the enrolment process, up to four separate bank accounts can be associated with a single VIP Preferred account, provided they comply with the requirements detailed above. A Bank Routing Number and verifiable Bank Account Number must be provided for each account.
The VIP Preferred account holder’s ID must also be verified, which is done by supplying the requested details from an official document. There is no requirement to upload a copy of the entire document. Acceptable forms of ID are limited to one of the following four options:
- A US passport
- A current driver’s license
- A military ID Card
- A state ID card
Once completed, confirmation of acceptance and the credit limit applied to the VIP Preferred account is sent by email, usually within a couple of minutes.
Top rated VIP Preferred online casinos
The history of VIP Preferred – an entirely legitimate payment method
Unlike the majority of digital payment method providers, VIP Preferred has a history that can be traced back to 1967 and a retired US Air Force director named George Thorpe. Thorpe was well ahead of his time when he conceived the concept of specialized data processing, but his tenacity paid off.
Originally a part of the National Data Corporation, the newly-named Global Payments Inc went solo in 1996 and has not looked back since. Today, Global Payments Inc has a net worth of over $37 billion and it’s publicly traded on the NYSE with the ticker GPN.
VIP Preferred is just one of many payment systems owned and operated by Global Payments Inc and there’s no denying that its momentum is increasing as more US states opt to legalize both land-based and online gambling.
Knowing that the business behind this payment method has such a long-standing and powerful reputation is probably sufficient to reassure most potential VIP Preferred users that the payment method is entirely legitimate.
However, there is another factor that further compounds that legitimacy. The VIP Preferred payment method can only be offered by sportsbooks and casinos that are located and licensed in the US. This applies to both land-based outlets and to their online counterparts.
VIP Preferred compared to other providers – how does it stand up to popular payment methods?
VIP Preferred was launched almost a decade ago, but its popularity has only been on the rise since PASPA was overturned in 2018. With some form of gambling now legal in the majority of US states, it has enjoyed a spurt in uptake by gambling operators and consumers alike.
Sportsbooks and online casinos that accept VIP Preferred are much more prevalent now than ever before, but how does VIP Preferred truly compare to more mainstream payment methods? We’re going to take a look at some other popular payment methods and make a direct comparison for you.
Fees
These days, it is unusual to encounter an online casino that levies fees for making deposits to or withdrawals from your account. However, that does not alter the fact that
some payment methods you might have considered will charge you for using their services.
For example, if you use an
online casino with PayNearMe deposit
options, you will be charged for every deposit you make. Charges are on a sliding scale, starting at $2.99 for a transaction up to $300, so unless you are a big gambler, it can work out quite costly to use when compared to VIP Preferred, which is totally fee-free.
Exclusion from bonuses
Unfortunately, you will often find that using certain payment methods will exclude you from claiming the sign-up bonuses that online casinos offer to new customers. The most prevalent exclusion is
online casinos that accept Skrill.
Although Skrill has many benefits, it is also a payment service that collects fees for every transaction from both the consumer and the business, making it untenable for a casino that is already giving away money in the form of a bonus. We frequently find the same situation when using Neteller and local ewallet options, but have yet to encounter a VIP Preferred casino that excludes the payment method.
Speed and availability
It is true to say that there are less online casinos that accept VIP Preferred than other payment methods. However, you can enroll and access your VIP Preferred funds within minutes. Many other payment methods require more time to set up. One such example is Play+. You must first apply for a card, wait for it to arrive and then pre-load it before you can use a
Play+ casino, a process that can take up to 10 working days.
Some other payment methods require extensive verification processes, some require you to physically purchase a payment card or voucher at a land-based store and others are relatively slow by comparison to VIP Preferred. Most notably, if you request an ACH transfer from your bank, it will cost you a minimum of $50 and you will have to wait at least 7 days before it reaches the recipient casino account.
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Three essential facts about using VIP Preferred – some useful things to know
Enroll once, use VIP Preferred at multiple casinos
The straightforward Global Payments Inc enrolment procedure we detailed above only has to be completed once. After which, your VIP Preferred account will automatically be recognised and enabled.
Unlike other payment methods, VIP Preferred works more like a credit card or store card. When you set up your VIP Preferred account, you will be assigned a generous credit limit to use as you wish. Every seven days, your account will reset, based on all payment activity within the account over that time. This is quite a big advantage as it means you can be signed up with multiple online casinos that accept VIP Preferred and always make the maximum use of your available credit limit.
A VIP Preferred casino cannot change your VIP Preferred account details
Don’t make the mistake of thinking that because you signed up for a VIP Preferred account via an online casino with VIP Preferred deposit options that you can make all changes to your VIP Preferred account in the same way. Your casino is only able to process transactions made using VIP Preferred, it does not have access to your account details.
You can check your credit limit, make deposits and request withdrawals directly from your casino account. However, changes to your personal details or bank account details and requests to vary the credit limit assigned to your VIP Preferred account cannot be made by your online casino. All inquiries related to those subjects must be addressed directly with the VIP Preferred customer support team, which is available 24/7/365.
Additional benefits of the VIP Preferred payment method are offered
There are a number of fringe benefits associated with this payment method, over and above the standard online casino VIP Preferred benefits that is. Firstly, you can use it as a payment method at any participating land-based casinos and sports betting outlets, as well as at their online counterparts, without the need to disclose your bank details.
You can often opt to withdraw winnings from your casino account to your VIP Preferred account, even if you have used a different deposit method. This is a benefit of the payment method that we have seen featured by several online gambling sites, but you will need to check availability for any specific casino or sportsbook.
You can also cash certain paper checks at some casino cash cages. This is usually confined to authorized payroll checks, or those issued by government departments like the IRS, but it can certainly save you the usual protracted time it would take to clear them through your bank. You will also need to have proof of ID to complete this action.
Conclusion – Will VIP Preferred become your preferred payment option?
It’s reassuring to know that the VIP Preferred payment method is backed by a prestigious company with a traceable history dating back to 1967. The integrity of Global Payments Inc shines through and any online casinos that accept VIP Preferred must be correctly licensed to operate in the US – you won’t find this payment method on offer at any offshore or unregulated casinos.
As well as its undeniably excellent background, the payment method works smoothly and efficiently. Surprisingly, VIP Preferred does not demand any fees for providing its services and all transactions are completed securely and in a timely manner. We are sure that VIP Preferred will continue to gain traction as more US states opt to permit online gambling in the future. Here at Wetten.com, we have no hesitation in recommending this unique payment method to our readers.
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VIP Preferred Casino FAQ
🔏Is VIP Preferred legit?
It is always wise to fully research any payment method before you use it to fund a gambling site. Here at Wetten we have prepared guides to lots of different payment methods which clearly depict all of the pros and cons of using them. We have found many reasons to recommend online casinos that accept VIP Preferred as a payment method. Why not head over and read our VIP Preferred guide to find out more?
❌ Why was my VIP Preferred application declined?
Your eligibility for a VIP Preferred account is determined by several different factors. We have explained all of these in our guide to the VIP Preferred payment method here at Wetten.com. You are likely to find the answer to your question there and if VIP Preferred is not an option, you can read all of our other payment method guides to find one that better suits your needs.
💰Are there any fees for using a VIP Preferred casino?
Although it is rare, some online casinos do charge a fee when you make a deposit to or request a withdrawal from your casino account. However, if this is the case, it is related specifically to the casino’s own policies and not to the payment method you are using. If you want to know more about fees related to using VIP Preferred, then check out our guide to the VIP Preferred payment method right here at Wetten.com.
💻Is there a VIP Preferred app?
There is no dedicated mobile app for VIP Preferred, but there are several ways to access your VIP Preferred account to check your current credit limit, make a deposit or request a withdrawal. Certain changes to your account will require you to contact the VIP Preferred customer support team. You’ll find all of this information, and much more, contained in our complete guide to the VIP Preferred payment system, right here at Wetten.com.
🎰Is there a maximum amount I can deposit with VIP Preferred?
There are two different factors relating to the maximum deposit amount permitted when using VIP Preferred as your payment method. The first is related to your individual VIP Preferred credit limit and the second to your online casino’s policy relating to minimum and maximum deposits. You can find out more by reading our Wetten.com guide to VIP Preferred and exploring our numerous casino reviews.
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