Casino Payment Methods

Best Online Casino Payment Methods

What’s the best casino payment method? Is it better to use your debit card or go with a digital option? There are other payment methods besides bank transfers and cards, many of them offering capabilities beyond simple transactions. In the paragraphs below, we’ll break down the different types of online casino deposit methods and note the pros and cons for each one.

Types of Casino Payment Methods

Back when online casinos first appeared, players could only transfer money via their bank account or credit and debit cards. Times have changed a lot since then. New payment methods online have emerged, many of them specifically designed for the purpose of online gambling. They’ve become more flexible than ever, helping you make online casino deposits in a flash, while also working as withdrawal methods. Below we’ll cover the most popular payment methods for online casinos.

Debit & Credit Card Payments

Debit card payments are incredibly popular in the UK. Credit cards too, but they were banned from the online gambling industry a few years ago. This is done in order to prevent problem gambling. With the exception of lotteries used for charities, all gambling operators reject deposits and withdrawals with credit cards.

The UK’s explanation for banning credit cards is to reduce the number of problem gamblers in the region. The decision was made after a scathing report, but the Gambling Commission showing 22% of all casino credit card users were addicted to iGaming.

Of course, the UKGC holds the right to disallow any other payment method in the future. But presently, it allows enough banking options to help you deposit and withdraw money from casinos conveniently. If you still prefer to use a credit card instead of another payment method, you can do so at Non-Gamstop casinos at your own risk. Here are the most popular cards used at online casinos in the UK:

• Mastercard: The most popular credit card worldwide. As mentioned earlier, the only way to use credit cards as online casino payment methods is at Non-Gamstop casinos. All casinos licensed by the UKGC don’t accept credit cards.
• Visa: A debit card that’s used for online transactions around the world. It’s one of the safest and most popular options to use at UK casino sites. It offers almost bank-level security, with instant transaction times and almost no fees.
• Maestro: Maestro is a debit card operated by Mastercard. It’s an alternative to credit cards, allowing you to make casino payments as you please. Maestro is not as widespread as Visa at online casinos.

E-wallet Deposits

E-wallets are digital payment methods used for casino deposits and withdrawals. They’re highly popular in the UK and elsewhere around the world as you don’t need to share your personal or bank details. You can set your preferred e-wallet to use your bank account like debit cards do, or you can fund it anonymously with other e-wallets or other ways. Almost any payment provider these days has an e-wallet of some kind. These online casino payment methods have been specifically designed for Internet transactions, many of them aimed at casino sites.

There are several popular e-wallets as a payment method in the UK. Below you can see the top 3 – all reputable options you can trust.

• Paypal: PayPal is the most famous e-wallet in the world. But for several reasons, it’s not offered at all gambling websites in the UK as a deposit method. First off, some platforms consider its fees a tad high. On top of that, PayPal is notoriously stingy about who it collaborates with. It’s still one of the top payment methods you can use for casino transactions. You can use it to deposit at over 100 UK casinos that accept PayPal.
• Skrill: Launched as a payment method for online gamblers, no one is surprised Skrill is one of the most popular e-wallets for casino deposits. It’s free to join, simple to use, and has exceedingly low fees. Most of them are internal, so you won’t pay a cent for depositing or withdrawing at casino sites. Unfortunately, Skrill is often excluded from bonus eligibility, meaning you can’t deposit with it to claim a bonus.
• Neteller: Neteller works similarly to Skrill. They’re part of the same payment group. It’s fast and straightforward to use. Most online casinos accept it as a deposit option. However, they often refuse bonuses to people who use this payment method. The main reason behind this is that Neteller is a common target for casino bonus abusers. On the bright side, you can use it for depositing and withdrawing funds.
• Trustly: Trustly (previously known as InstantBank) is a payment method that facilitates quick deposits meaning that If you’re a registered player at any Trustly casino, you can make a deposit directly from your bank account. One of the safest banking methods using Trustly will leave you with complete peace of mind.

Bank & Wire Transfer Payments

Bank transfers are the safest possible payment method for casino deposits and withdrawals. The only problem is that they’re slow. This is because banks have several filters that run through each transaction and that takes time. Additionally, not all banks are happy to receive transfers from online casinos. Still, they’re popular as casino online payment methods, especially among the high-roller crowd due to the high limits.

Pay by Phone Deposits – Mobile Payments

This particular payment method is excellent for beginners. The reason for that is that pay by phone deposits or mobile payments are limited. You can’t spend more than the limit your phone provider puts on the payment. In that way, they’re much safer than debit cards or credit cards, or any other online payment system that doesn’t restrict your spending.

The major disadvantage is that this option works for a casino deposit only – not withdrawals. If you want to keep your spending in control and you have an alternative for withdrawing funds, pay by phone deposits are a great option.

• Boku: Boku is a mobile payment platform that allows users to make purchases and payments using their mobile phone number. It’s convenient because users don’t need to enter credit card or bank account details for each transaction. Instead, charges are added to the user’s mobile phone bill or deducted from their prepaid balance.
• Payforit: Payforit is another mobile payment solution that enables users to make purchases and payments using their mobile phone. Similar to Boku, Payforit allows users to charge purchases to their mobile phone bill or deduct payments from their prepaid balance. It’s convenient for users who prefer not to use credit cards or other traditional payment methods.

Alternative UK Casino Payment Methods

One of the alternatives to credit or debit card payments at UK casinos are prepaid vouchers. They are similar in structure to pay by phone options. They have pretty tiny limits compared to any other payment method, and can only be used for a casino deposit.

• Paysafecard: Paysafecard is a prepaid payment method that allows users to make purchases and payments online without the need for a bank account or credit card. Users can purchase Paysafecard vouchers from various retail outlets in physical or digital form. Each voucher comes with a unique PIN code, which users can then enter at online merchants, including online gambling sites, to complete their transactions.
• Neosurf: Neosurf is another prepaid payment solution that allows users to make online purchases and payments without revealing personal or financial details. Users can purchase Neosurf vouchers from various retail locations or online vendors. Each voucher comes with a unique PIN code, which users can use to fund their accounts at online merchants, including online casinos and betting sites.
• AstroPay: AstroPay is a virtual prepaid card that allows users to make online payments securely and conveniently. Users can purchase AstroPay cards online or through affiliated retailers. Each card comes with a unique card number and CVV code, which users can use to fund their accounts at online gambling platforms.

Top Online Casinos with Fast Withdrawal Options

When choosing online gaming sites in the UK, casino withdrawal terms should be high on your list of priorities. No one likes to wait for their winnings to arrive, and that’s why fast withdrawals. Of course, that depends on your preferred payment option, but it also depends on your casino pick. You should always go for casino sites with instant withdrawals and different payment methods. Below you can find the best payout casinos in the UK.

Casino	Fast Payout Options
Grosvenor Casino	E-Wallets & Mobile Payments
Kwiff Casino	E-Wallets
Neptune Play	E-Wallets
Mr. Vegas	E-Wallets & Mobile Payments
Bet 365	E-Wallets & Mobile Payments

What to Consider When Choosing Casino Payment Method?

Choosing the right payment method is just as important as getting a winning poker hand when gambling online. Players often find themselves in a predicament due to the sheer number of options, each with their own pros and cons. Relax; we’ve mapped out all the various payment options so you can make an informed choice that will keep your transactions smooth and your gaming fun strong.

• Online Casino Bonuses: The important thing to remember that some bonuses can’t be claimed with all payment methods. For example, bank transfers might qualify for a welcome offer, but e-wallets may not. You should be safe with debit cards or any other casino payments that aren’t specified. Neteller and Skrill are most often on the list of excluded payment methods from bonus offers, meaning that deposits made with these options are not eligible for bonuses and promotions. This is why it’s important to give the payment method you want to use a thought. If you go with Neteller, for example, be ready to lose out on potentially great bonuses.
• Availability at Online Casinos: Not all deposit methods are available at all UK casino sites. Your chosen payment method may not be available at that online casino you like. Debit cards are almost universally accepted. However, you might not find the e-wallet you want to use at some casinos. Each online casino is free to choose which online casino payment methods it finds reliable. So, whether it’s an e-wallet, a debit card, or bank transfer, make sure your casino of choice accepts it.
• Trusted, Safe and Secure Casino Payment Methods: When choosing a casino deposit method, you should choose a safe and trusted option. Check the payment methods available, find one that works for depositing and withdrawing, and check its reputation. This is especially important if you plan to use a new e wallet or another payment option that’s different to, say, debit cards, which are already properly established.
• Deposit and Withdrawal Limits: Check the casino’s withdrawal policy and the limits before choosing an option. The limits on bank transfers, credit/debit cards, or an e wallet are not one and the same. It’s crucial to review the policies thoroughly, especially for minimum deposit casinos and no deposit casinos. These casinos often have different requirements and limits tailored to their specific player base. Also, the limits can vary for regular and VIP players – loyal members usually enjoy higher limits.
• Transaction Fees: If a casino charges a few on a deposit method, you should look elsewhere. Deposits are usually fee-free, and most reputable casinos won’t charge a transaction fee on withdrawals. Always check the fees on deposits and casino withdrawals before you pick an option.
• Transaction Time: When choosing payment options at a casino site, you should always check the transaction times. Don’t compromise on this. Choose only payment methods that don’t take long to withdraw your winnings. If possible, choose an option with instant processing times. Keep in mind that casinos may delay these payments with their own processing times, which shouldn’t take more than a day or two.
• Casino Account Verification and KYC Procedure: Before you can withdraw your money for the first time, you will need to complete the KYC procedure. Always choose casinos that rely on this procedure, as it’s a sign of reliable gaming sites. It will require you to send some documents over to the casino which will then use them to verify your account.
• Other Online Casino Limits in Relation to Payment Methods: If there are any other limitations for the payment methods available at a casino, it should be noted under the terms and conditions. Casinos should be upfront about this so you’re not surprised when you’re using any payment method to deposit or withdraw.

Casino Withdrawal and Deposit Fees and Limits

Payment Method	Fee	Deposit / Withdrawal Time	Top Casinos to Play
Visa	Free	Instant / 1-5 days	BetGoodWin
Mastercard	Free	Instant / 1-5 days	10bet Casino
Apple Pay	Free	Instant / N/A	Spin and Win
Google Pay	Free	Instant / N/A	LottoGo
Neteller	1-5%	Instant / Within 24 hours	PlaySunny
Skrill	1-5%	Instant / Within 24 hours	Jackpot Casino
PayPal	around 2.9%	Instant / Within 24 hours	All British Casino
Paysafecard	Free	Instant / N/A	The Vic Casino
Bank Transfers	Free	Instant / 1-7 days	Pub Casino

How to Find the Best Payment Option for Your Needs

Finding the best option for your wants and needs might look simple to the untrained eye. However, with so many casino payment methods on offer in the UK, it can be a challenge. There are many factors you need to pay attention to. It’s not just reputation and speed. You should look into other important things before deciding on your deposit/withdrawal method, collected in a list below.

Casino Payment Methods for High Rollers

High rollers spend a lot more money at online casinos than the average player. Which is completely OK as long as they’re doing it responsibly. However, those large deposits are a bit complicated, since not many payment methods accept huge deposits. There will always be limits in the range of 4,000+ GBP, except for VIPs who can deposit double or triple that amount. And that’s still not up to par with the larger high roller deposits that many players crave.

The best way to move that kind of money in and out of online casinos for high rollers is through bank transfers. They’re safe and reliable, even though slow when it comes to withdrawals. However, high rollers usually get many perks at casinos, including some connected to payment methods casino accepts. They have priority support and higher limits, and their banks don’t mind moving large amounts of money.

Conclusion

The online casino industry has grown a lot in the past decade, and that’s especially true for casino payment methods. The industry has diversified, so it’s not just bank transfer and a debit card you can use. There are more online casino payment systems than ever, many designed specifically for online gambling. From prepaid vouchers to e wallets, it’s easier-and faster-than ever to deposit and withdraw.

In this guide, we’ve covered the best possible options, and all their pros and cons. The only thing that remains is to read it in full and make your choice, then start playing at the top UK casino sites.