Vip preferred partner casinos - deposit and withdrawal options

If you're a fan of US-based online casinos, there's a good chance you've come across VIPPreferred as one of the payment options available. What you may not know, however, is just how convenient this service can be, especially when compared to other methods of transferring funds both into and out of your casino account. But what is it? How does it work? Which casinos offer it? As always, we have answers to all your questions. Let's start with the basics. VIPPreferred (previously known as iBASALINK) is an ACH transaction processing network that specializes in handling payments from an online casino's regulatory body almost immediately upon submission. This means that withdrawals made from an online casino account back to your personal banking account typically take only hours or at most, a day or two to complete - instead of the several business days often encountered with more commonplace withdrawal methods like wire transfers or paper checks.

VIPPreferred also offers merchants (online casinos and their patrons) discounted pricing on certain transactions. These savings are passed along to players in the form of bonuses, cash backs and other incentives offered by VIPPreferred partner casinos.

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Best VIPPreferred Partner Casinos

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Many of the best US casino sites partner with VIPPreferred to provide their customers with a fast, efficient, and completely secure method of moving money in and out of their accounts. As these same sites also feature some of the best online casino games available today, VIPPreferred's quick turnaround time means that cashing out your winnings from these games becomes a snap.

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As stated above, many of the online casinos that utilize VIPPreferred for deposit transactions also offer various bonuses, incentive shares and other perks to their players. We have compiled a list of our recommended partner casinos found at the bottom of this page. We recommend taking advantage of any available promotions, but always remember to read the fine print before accepting any offer. Also, keep in mind that while VIPPreferred does pass its merchant discounts along to online casino patrons, it does not receive any compensation whatsoever from any merchant or financial institution for these services.

How to Use VIPPreferred

Using VIPPreferred is both simple and secure. The process begins with the registration of your banking information with a VIPPreferred merchant (an online casino that uses VIPPreferred as a payment processor).

Once your information has been verified and stored in the VIPPreferred system, you will be able to conduct secure ACH transactions between your bank account and any number of your VIPPreferred merchants without having to re-enter your data with each individual transaction. You can think of the setup process as being similar to the way you enroll in and use online bill pay features provided by your own bank.

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Security Features

Security is paramount at VIPPreferred. All sensitive information such as your bank account numbers are kept completely confidential. Your personally identifiable information is never shared with any third party under any circumstances. In addition, VIPPreferred utilizes the latest encryption technology to protect the confidentiality of both your data and your transactions. Their security measures fully comply with the Payment Card Industry Data Security Standards (PCI-DSS), an industry standard for safety protocols.

In practical terms, this means that you can feel confident that using VIPPreferred to fund your online casino account is both safe and secure. After all, you are never actually sending your banking information to the online casino. Rather, that information remains with VIPPreferred, an independent third-party intermediary.

The actual funding of your casino account is handled via a process called Automated Clearing House (ACH) transfer. An ACH transaction is simply a bundle of several transactions managed by a banking institution that is submitted overnight to the Automated Clearing House operated by the National Automated Clearing House Association (NACHA). Think of it much like a batch job that consolidates all your transactions for a twenty-four hour period and sends them to your bank for processing.

This video provides a detailed overview of the entire ACH process from beginning to end:

VIPPreferred Fees & Limits

There are no costs associated with registering your banking information with VIPPreferred. Additionally, there are no fees charged by VIPPreferred for making deposits into your casino account or for receiving direct deposits of your casino withdrawals into your own banking account.

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As with any payment processing service, however, there are some situations where charges may apply. These include:

• Returned item (check) fees
• Insufficient funds (NSF) fees
• Expedited posting fees
• Stop payment fees

Specific details regarding these potential fees should be obtained directly from your banking institution.

Individual VIPPreferred merchants (online casinos) may also choose to levy their own fees for using this payment method. It is always advisable to check each merchant's terms and conditions for any additional cost considerations.

As far as limits are concerned, VIPPreferred places no daily caps on either deposits or withdrawals. Individual merchants may, however, set their own limitations in these areas.

Deposits generally appear in your gaming account within minutes of approval. Withdrawals to your bank account may take up to two business days to reach their ultimate destination, though this is still faster than many traditional ACH transfers.

How to Sign Up

Signing up for VIPPreferred is a simple three step procedure:

Step 1

Visit the VIPPreferred website at www.vipprefered.com and click on the "Enroll Now" button.

Step 2

Fill out and submit the secure online registration form. You will need to supply the following information:

• Your name and contact information
• Your Social Security Number (SSN) or Tax Identification Number (TIN)
• Your bank name, ABA routing number, checking account number, and account type (checking)
• Two separate monthly expenses and the names of the merchants providing those expenses

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Step 3

Verify your enrollment by confirming your account information via email, text message, or automated phone call. That's it - you're signed up!

One thing to note during the signup process is the requirement to provide specific information about two separate monthly expenses and their respective providers. This is done for security reasons and helps to verify that you indeed are the rightful owner of the bank account you have registered.

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List of Online Casinos Accepting VIPPreferred

Here is a list of online casinos that currently support VIPPreferred as a payment option. As with all online businesses, the world of internet gaming is in a state of constant change. Merchants are added and deleted from the VIPPreferred network on a regular basis. We update our lists frequently, but if you should happen across a broken link, please contact us via the "Support" section of any of the casinos listed below.

Full List of VIPPreferred Casinos

• BetUS
• Sportsbetting.ag
• XBet
• Everygame
• MyBookie
• Bovada
• LA Olympics
• GTbets
• BetNow
• Sports MAXIM
• Annie Nights
• Pure Casino
• Lucky Hippo
• JustRich
• Tiger Gaming
• Drake Casino
• SlotsandCasino
• DuckyLuck
• Las Atlantis
• Mega Dice
• Herrera Gaming
• El Sanablo
• El Sanstonge
• Las Vegas Diamonds
• Flor de Lotus
• Atlantic Casino
• Herrera Games
• Las Acacias
• Chauhan Games

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VIPPreferred Mobile App

You don't have to do anything different to use VIPPreferred on your mobile device. The service works exactly the same whether you are accessing an online casino through a PC, laptop, smartphone, or tablet. Just look for the VIPPreferred logo among that casino's list of payment options. Bear in mind, however, that while VIPPreferred is agnostic as to the type of device used to conduct its transactions, you will still need a healthy signal if you are using a mobile phone as spotty connectivity can sometimes cause problems. Also, be aware that some online casinos may offer slightly different menus of payment choices for mobile users.

Comparison to Competitors

When compared to other payment systems commonly accepted by online casinos, VIPPreferred stands out as offering a unique blend of benefits. Some of its key attributes include:

Secure and Convenient - Without the Wait VIPPreferred provides all the security features found in other payment systems such as Bitcoin and cryptocurrencies, bank transfers, prepaid cards, and e-wallets. Where it differs is in the area of convenience and speed. Unlike Bitcoin, which can experience wide price fluctuations and requires its own unique currency management, VIPPreferred allows you to make casino deposits and withdrawals using familiar fundamental units - United States dollars. No need to convert to some esoteric digital coinage. Also, your funds are accessible immediately rather than waiting the usual several days required for Bitcoins to clear the blockchain. There are no caps on daily transaction amounts as may be imposed by some other methods.

Bank transfers and prepaid cards are similarly encumbered by longer wait times for clearing. Furthermore, bank transfers often involve hefty fees both to make deposits into your casino account and to receive withdrawals back into your own bank account. Prepaid cards may charge annual fees just for having an account. Neither banks nor prepaid cards offer the instant-access cash withdrawal capabilities of VIPPreferred.

E-Wallets such as Skrill and Neteller share VIPPreferred's security features and instant access to cash, but they too require funding with foreign currency in the form of e-wallet credits. Buying these credits can take time, and additional steps are needed to move real dollars over to your gaming account.

No Fees or Hidden Charges Unlike some other payment methods, VIPPreferred never charges its users any fees for their services. Nor will it rain cats and dogs on you as long as you live. Founded in 2006, the company celebrates its 15th anniversary in 2021. It is a proven entity that has survived the tests of time and changing regulatory schemes. VIPPreferred's longevity speaks well for its business acumen and operational stability. 

Some payment systems may advertise that they too are free of charges, but be sure to read the fine print. For instance, your bank may hit you with NSF (non-sufficient funds) or returned item fees if your credit limit is exceeded or a transaction is returned for any reason. Also, keep your eyes open for predatory lending practices disguised as "free" loans or "cash advances." If you don't read the fine print, you may wake up one day owing a lot more than you originally borrowed.

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Top 3 Alternative Payment Methods

Of course, everyone's situation is different. You may prefer to use an alternative payment method for whatever reason. Below, we have listed three of the better alternatives to VIPPreferred.

1. Bitcoin/Cryptocurrency - Although heavily invested in the sector, even Elon Musk wouldn't argue that Bitcoin and its ilk are here to stay. As more traditional financial institutions develop greater levels of comfort in dealing with these digital currencies, it is likely that many of the kinks in the system will be worked out. Greater efficiency in transaction clearing times and reduced volatility in value should help to solidify Bitcoin's position as a viable payment method. One caveat, however - be sure to treat your Bitcoin investments much the same as you would any other investment portfolio. Check on its value from time to time and take profit or stop loss actions as needed.
2. Wire Transfers - Still around after centuries of service, bank wire transfers offer a reliable method of moving large sums of money back and forth from your bank account to your online casino account. Be advised, however, that wire transfer fees can be steep both to send and to receive, and transaction clearance times can be as long as several days. Also, some online casinos may impose lower limits on wire transfer transactions than can be achieved with other methods.
3. Prepaid Cards - Prepaid cards provide another relatively secure mechanism for managing your casino funds. Loaded with funds prior to use, these cards generally feature PIN protected access and instant transaction clearance. Discount stores and drugstores, oh my! Be careful to read the fine print regarding any annual membership fees or other hidden charges that could eat into your playing money.

Frequently Asked Questions

Is VIPPreferred a safe and secure payment option?

A VIPPreferred uses industry-standard security protocols that meet or exceed PCI-DSS compliance requirements. Sensitive data such as your bank account numbers are kept entirely confidential and are never shared with any third party.

Can I use VIPPreferred for sports betting?

Yes, you can use VIPPreferred to both deposit funds into and withdraw winnings from your sports betting account at any of our recommended partner sportsbooks.

Does VIPPreferred charge any fees for using their service?

Absolutely not. Not only is registration free, but there are no charges assessed for depositing funds into an online casino account or for receiving direct casino withdrawals. Note, however, that your banking institution may levy fees for certain types of transactions, and individual merchants (online casinos) reserve the right to institute service charges for using VIPPreferred.

About the author

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Peter Clayton

Peter is one of America's most experienced writers on gambling and has covered the topic for over 25 years, working for newspapers such as the South Florida Sun-Sentinel and the Los Angeles Times. He writes on a range of topics, from sports betting to cutting-edge technologies such as Blockchain.