Common Types of Payment Method for Casino Players in the UK

There are several payment options available to UK casino players, and each of them has its own pros and cons. Most of them allow two-way transactions, but some alternative casino payments, such as prepaid vouchers, are suitable only for deposits. 

The main categories of payment methods at UK casinos include e-wallets, bank cards, bank wire transfers, prepaid vouchers, cryptocurrencies and pay by phone bill. In the following, we will briefly go through each of them and highlight some of their biggest advantages.

E-Wallets – Fast and Easy Way to Deposit or Withdraw Money

E-wallets are by far the easiest and most used deposit and withdrawal methods at online casinos. It’s easy to start using an e-wallet, as the only thing you need to do is sign up and open an account.

The benefits of using an e-wallet are many, including instant transactions, safety, availability and ease of use. You can also link your e-wallet account with your bank account, credit card or debit card. All in all, the most popular wallets for UK players include the following:

  • PayPal – The most popular e-wallet in the world. Accepted by the majority of online businesses, including casinos.
  • Skrill – Operated by the Paysafe Group, Skrill is a common option for depositing and withdrawing money from UK casinos.
  • Neteller – Another widely popular Paysafe Group e-wallet for safe and fast casino deposits and withdrawals. 
  • MuchBetter – An e-wallet app that allows users to make payments online while enjoying world-class security features on mobile devices.
  • ecoPayz – This e-wallet has been around since 1999 and is one of the top deposit methods for UK casino enthusiasts.

Bank Cards – Prepaid, Credit and Debit Cards

Top-rated online casinos that work hand-in-hand with NetEnt, as well as new online casinos, accept all well-known bank cards. These include debit cards, credit cards as well as prepaid cards. Debit cards are particularly popular in the UK. 

On the other hand, credit cards are no longer useful for gambling in the UK because the authorities have banned them. With that said, Mastercard and Visa are the most trusted bank cards for casino gaming.

Infographic - Popular Casino Payment Methods
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Prepaid Vouchers

Prepaid vouchers allow players to make anonymous payments by using a digit code. You simply purchase the voucher at local convenience stores and enter it when visiting the casino Cashier page. If you use Paysafecard, for instance, you will receive a 16-digit code that you can use at online casinos. It’s a quick and easy way to make an online casino deposit without entering your banking details, but its biggest drawback is that you can’t use it to withdraw your winnings.

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Mobile Payments

Mobile payment options such as Boku and PayForIt make it easy for casino players to deposit money using a mobile phone number. The cost is added to your monthly phone bill whenever you make payment. This innovative method does not require you to expose your bank card details, and you don’t even need to use a bank account. Unfortunately, these options can be used only to make payments, and for withdrawing funds, you will have to use another method.

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Bank Wire Transfer

A bank transfer is still an option if you prefer going the old-fashioned way. No third parties are involved when using bank wire transfers. You can transfer funds directly from your bank account to the casino account with this option. Instant bank transfers are also possible, so you can start playing immediately. But you should keep in mind that withdrawals are mostly slower than alternative casino payment methods.

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Cryptocurrencies

One of the fastest-rising options is cryptocurrencies, such as Bitcoin, Ethereum or Ripple. Many players are switching to crypto because it offers unmatched security, anonymity and transparency. In turn, more and more casinos are starting to offer crypto deposits and withdrawals. That being said, crypto payments are still not as popular as the methods listed above.

Factors to Consider When Choosing a Payment Method

It all boils down to your needs and preferences when choosing online casino deposit methods. But it’s also important to know the key things you must keep in mind before picking a payment method. Not all casino banking options are available to UK players, and some of them don’t even qualify for casino bonuses. The following are the crucial aspects of reliable methods at UK casinos. 

Safe and Secure Transactions- Deposit With No Worries 

If you have to share your bank account or debit card details, you don’t want them to end up in the wrong hands. A reliable method will use industry-standard security measures to protect your banking information. 

Don’t worry because all online casino banking methods discussed in this guide are safe to use at UK casino sites. Most of them are used by millions of people around the world, so they are reputable and well-known. You will find them in almost every casino online.

Available to UK Players for Casino Deposits and Withdrawals

Before you can choose an online casino payment method, you must first ensure that it’s accepted in the country. Luckily, the best online casinos in the United Kingdom accept the most common payment methods. You can use your bank card, e-wallets, prepaid vouchers, bank transfer or your phone bill by using the pay by phone method. But you should go for prepaid and debit cards if you want to use bank cards since the UK Gambling Commission has banned the usage of credit cards at online casinos.

Free Payments or Low Transaction Fee

Ideally, a reliable UK gambling site will provide casino deposit methods that will not add fees to the transactions. Nobody wants to pay for extra costs when depositing money into an online casino account. Likewise, players should be able to withdraw money from their casino accounts free of charge. If there are withdrawal fees, which is rare, they must be reasonable. 

Thankfully, many online casinos in the UK will let you deposit and withdraw your winnings without charging you anything. This is especially true for popular e-wallets such as PayPal, Neteller and Skrill. You can also withdraw your casino winnings for free via bank cards, cryptocurrencies and bank transfers. But we should mention that payment providers may charge a small fee for using their services. 

Reasonable Deposit and Withdrawal Limits 

Casino operators usually set the minimum and maximum amount you can deposit or withdraw. These amounts will also vary based on the chosen payment option. When cashing out, you want to choose a withdrawal option with a reasonable limit. We recommend avoiding anything with a limit below £1000. 

A reliable payment method will cover a wide range of deposit or withdrawal limits. If you are gambling on a budget, you should have the freedom to deposit the lowest amount possible. And if you are a high roller, the selected deposit method must allow you to deposit huge amounts of money to meet your needs.

Easy to Register and Use

The most popular options for casino deposits and withdrawals are all easy to find and use. If you want to use a bank card, for instance, you only need to visit your favourite bank and apply for it. These days, you can even do this online without going to the bank. In the case of e-wallets, all you have to do is visit the official website and sign up for an online account. You can start transferring money immediately, but it’s advisable to verify your e-wallet account to get bigger account limits. 

Quick Transaction Speeds for Both Deposits and Withdrawals

No one wants to experience delays when funding an online casino account. The same applies when withdrawing your winnings from a casino when you land a win. The ideal casino deposit method will allow you to fund your casino account instantly without causing undesirable delays. 

Furthermore, a reliable casino withdrawal option will facilitate fast withdrawals. In this case, you should go for options like e-wallets and cryptocurrencies because you can receive the funds in a matter of minutes or hours. Besides, withdrawals made via bank cards may take several business days. Bank transfers are generally slow and should be a last resort if you want to withdraw money from an online casino real money site.

Local and International Currency Support 

As a UK-based online casino fan, you want to deposit money into your casino account or cash out using the local currency. Therefore, the selected casino should allow you to use the pound and other widely used currencies. Top casinos will accept GBP, EUR, USD, CAD, AUD and the most common cryptocurrencies. 

Eligibility for Online Casino Bonuses 

Our recommended casinos offer different types of casino bonuses on various NetEnt games. Most of these bonuses require players to make a minimum deposit amount set by the casino operator. But not all deposit options qualify for casino deposit bonuses. 

For example, the casino bonus terms and conditions may specify that you cannot claim the welcome bonus if you deposit money using an e-wallet. Another possible scenario is receiving a special deposit bonus when using a specific payment method that the casino promotes. Be sure to read the bonus terms to know which casino deposit methods are eligible for bonuses. 

Deposit Methods at Mobile Online Casinos in the UK

Most UK mobile casinos offer the same options as their desktop counterparts. Once you join, you can fund your casino account and play the available games on the go using the same device.

That’s all! You can now play your favourite casino games at our UK-licensed casinos. They offer top-quality NetEnt video slots, table games, live dealer games and many more. And there are lots of bonuses to claim once you make your first deposit using a qualifying deposit method.

FAQ

Most payment options, such as e-wallets, cryptos and prepaid vouchers, offer quick deposits. Other payment methods like bank transfer are generally the slowest.
The most important features of a deposit method you should look for include high levels of security, fast speeds, low transaction fees and eligibility for bonuses.
No, the Gambling Commission no longer allows online gambling sites to use credit cards.
Yes, you can access the Cashier page through the mobile-friendly website or the casino app. There are also pay by phone bill options such as Payforit and Boku to reflect your spendings on your phone bill.
E-wallets are the best option if you want to receive your funds quickly. This process usually takes from a couple of minutes to a few hours.
Contact the casino support team via the live chat feature, phone or email if you have trouble using a payment method.
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