With a ThinkMoney account you will receive a prepaid MasterCard which you can use at online casinos that accept this form of payment. If you have the money available on your card in your ThinkMoney account, you should not experience any problems making online casino deposits.
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A few words about ThinkMoney
ThinkMoney is a UK digital bank that has a very good reputation with its many users. There are glowing reviews for the service on sites such as Trust Pilot. Currently, you need to be a resident of the UK to open a free ThinkMoney account.
There is a current account option with ThinkMoney that operates in a similar way to a conventional bank current account. You can have your salary paid to your ThinkMoney current account for example. You get a money management feature with your account which you can use to ensure that you pay your bills on time.
When you apply for a ThinkMoney account there are no credit checks performed. You can apply for a conventional credit card with a £1,500 limit and there are also loan opportunities. The APR on the credit card is very high though and we do not recommend this for online casino deposits.
You can manage your ThinkMoney account online with a computer or you can download and install an Android or iOS mobile app from the Google Play Store or the Apple Store. One of the good things about ThinkMoney is that it will not charge you if you cannot make a payment through insufficient funds. There is a £10 monthly fee for a current account.
Are there any casinos that accept ThinkMoney?
There are no restrictions on the amount that you can deposit at a ThinkMoney casino using your prepaid MasterCard. However, it is likely that the ThinkMoney casino will have minimum and maximum deposit limits so check this first.
It is easy to apply for a ThinkMoney account. They will not perform any credit checks but they will request that you prove your identity. Once your account is setup you can have your salary paid into it and use your prepaid MasterCard for purchases. There are other prepaid card casino options that you can consider as well.
What to look for with a ThinkMoney casino
There are many online casinos that will accept a deposit using a prepaid MasterCard. Not all online casinos are licensed and you must register with one that has a valid license. This is important because you have a licensing authority that you can direct any complaints to if you feel that the online casino is behaving in an improper manner.
With so many online casinos available that accept a prepaid MasterCard, it is likely that some of these will appear on blacklists due to dishonest practices. You need to check this. Another check that we recommend you make is to look on related forums to see if there are any negative comments about a ThinkMoney casino you want to sign up with.
Take a look at the security arrangements that the ThinkMoney casino has. There should be a page on their website dedicated to this. If you cannot find the security details then contact the support team and ask them to tell you about security.
If you have a favorite game or games that you like to play at online casinos, be sure to check that these are available before registering with a ThinkMoney casino. Some players have favorite slot machines that they like to play for example.
Making a deposit with ThinkMoney
As you are going to make your online casino deposits with a prepaid MasterCard, it should be a simple and straight forward process. Deposit procedures can vary slightly from one ThinkMoney casino to another but they will be pretty similar overall.
The first thing to do is to ensure that you have the funds available on your ThinkMoney card to make the deposit that you want. After checking this, navigate to the “cashier” page on the website of the ThinkMoney casino and choose the option to make a deposit.
Find the MasterCard prepaid card option and select it. Now you will need to enter how much you want to deposit. Be aware that most ThinkMoney casinos will have limits for minimum and maximum deposits. After entering the amount, provide any other details that the ThinkMoney casino requires.
The final step should be the confirmation of your deposit transaction. Deposits using your ThinkMoney prepaid MasterCard should be very fast. You should see the funds in your ThinkMoney casino balance appear almost instantly. Contact the ThinkMoney casino support if there are any unexpected delays.
Can you withdraw using your ThinkMoney account?
Not all ThinkMoney casinos will allow you to make withdrawals to your prepaid MasterCard. If this is the case, you will need to choose another method for your withdrawal. Choosing to receive your funds in a PayPal e-wallet is a good option.
If the ThinkMoney casino does permit withdrawals to your prepaid MasterCard then the process is usually a simple one. Go to the cashier page again and select the option to make a withdrawal. Now you will need to find the option for a withdrawal to a prepaid MasterCard.
Next you need to enter the amount of your withdrawal. The ThinkMoney casino may ask you to provide some additional information here. If the withdrawal is within the limits specified by the ThinkMoney casino then it will be forwarded for approval. It can take an online casino a while to approve a withdrawal transaction. Once approved, you will receive your funds fast.
Advantages and disadvantages of using ThinkMoney casinos
As you would expect, there are some advantages and some disadvantages to using the ThinkMoney payment method at online casinos:
Setting up a ThinkMoney current account is easy and quick
They do not make any credit checks when you are applying for an account
They will provide you with a prepaid MasterCard which you can use to make your online casino deposits
Many online casinos accept a prepaid MasterCard as a payment method
All ThinkMoney transactions are fast
You can manage your ThinkMoney account with a computer or a mobile device
You can only apply for a ThinkMoney account if you are a UK resident
There is a monthly fee of £10 to maintain your ThinkMoney current account
Are there any fees with ThinkMoney?
There is a £10 a month fee for a current account and a £15 a month fee if you want a joint account. If your online casino deposit is deemed to be an international payment by ThinkMoney then there are fees that will apply here.
No, you have to be a resident of the United Kingdom to apply for a ThinkMoney account and the only currency available is GB Pounds.
Yes, we could not find any restrictions on this. If the casino accepts prepaid MasterCard then you should be fine.
Yes, to maintain your current account you will need to pay a fee of £10 per month.
Yes, all deposits should be pretty instant and if withdrawals are permitted then after the casino approves them the transaction will be fast.