ATM Online Casinos 2020 | Online Casinos Accepting ATM
An automated teller machine (ATM) or cash point is an electronic telecommunications device that allows financial institution customers to perform financial transactions, such as cash withdrawals, deposits, fund transfers or account information inquiries, at any time and without the need to interact directly with bank personnel.
ATMs are known by a variety of names, including the United States ATM (sometimes redundantly referred to as “cash machine”). Canada also uses the term ATM (ABM), although ATM use is also very common in Canada, as many Canadian organizations use ATMs instead of ABM. In British English, the terms cashpoint, cash machine and hole in the wall are the most used. Other terms include any type of time money, cashline, tyme machine, cash dispenser, cash corner, bankomat, or bancomat. Many ATMs have a sign above them indicating the name of the bank or organization that owns the ATM, and possibly including the networks to which it can be connected. ATMs that are not operated by a financial institution are known as “white label” ATMs.
Through an ATM, online casino players can access their deposit or credit bank accounts to perform financial transactions, including withdrawing cash and checking balances, as well as transferring credit to and from cell phones.
ATMs can also be used to withdraw cash in a foreign country. If the currency withdrawn from the ATM is different from the currency of the bank account, the money will be converted at the exchange rate of the financial institution.
Typically, online players are identified by inserting a plastic ATM card (or other acceptable payment card) into the ATM, and authentication involves the customer entering a personal identification number (PIN), which must match the PIN stored on the card chip (if the card is equipped with one), or in the database of the issuing financial institution.
According to the ATM Industry Association (ATMIA), the total number of ATMs is expected to decline slowly, to 3.22 million by 2024 due to the increase in cashless payment systems.