Most online gambling sites offer a handful of payment options suitable for most. However, when choosing a new casino site, the casino must provide you with plenty of choices for getting money in – and, more importantly, money out for a seamless experience. Payment solutions are often overlooked in favour of game choice, bonuses, and cash out speeds for online gambling; however, it’s one of the most important factors to weigh up before getting started.
Given the importance of gambling transactions and banking options (and the relative lack of helpful information online), we’ve opted to write a handy review to help you find out more about the most popular payment methods at online gambling sites. Certain operators go above and beyond to give their customers an extensive range of varying payment solutions to appeal to all. Keep reading to find out which banking methods are the most popular and which ones may benefit you the most.
Best Payment Methods For Online Gambling
As mentioned, there are bags of different deposit and withdrawal options that you can use at UK online gambling sites. In today’s market, the most popular types are:
- Debit & Credit Cards
- Prepaid Cards
- E-Wallets
- Bank Wire Transfers (Including Instant Banking Apps)
- Pay By Mobile Phone Bill
- CryptoCurrency
Debit Cards
All online gambling sites in the UK will most likely accept debit cards, usually Visa, Mastercard and Maestro. You will have noticed that we haven’t included much information about credit cards. The reason for this is in 2020; the UK Gambling Commission banned using credit cards (and any other form of gambling on credit, like Klarna) for online gambling.
This legislation was put into effect to protect vulnerable gamblers from gambling with money they didn’t have or could not afford to lose. However, those residing outside of the UK can still use credit cards at gaming sites.
E-Wallets
Using an E-Wallet is a popular choice for most punters because it is easy, convenient, and allows for super-fast withdrawals. Most UK casinos and betting sites offer you the opportunity to use safe e-wallets, including:
- Skrill
- Neteller
- EcoPayz
- PayPal
- Apple Pay
Ewallets are widely used in the online casino world because they are considered the safest ways to pay. Take PayPal, for example. PayPal is a household name worldwide that helps people make instant, low-cost payments. Using PayPal at online gambling sites is one of the safest options because there’s no need to enter any sensitive financial/banking details into your account. Everything is handled inside the PayPal client.
Bank Wire Transfers
All gambling sites will allow you to deposit via bank wire transfer, though they can be slow. To deposit by Bank Wire, all you need to do is send your payment to the casino’s bank account and notify the casino when it’s done. They will then check their side and credit your money into your casino balance. However, this way of doing things is considered dated because many new ‘instant’ banking apps help you make instant bank wire transfers. These apps include Trustly, Revolut, Giropay and Interac.
Crypto Currencies
On the rise in awareness and popularity are Bitcoin and various other mainstream Cryptocurrencies. There are several options to choose from, including Bitcoin, Ethereum, Dogecoin and Litecoin. Not all gambling sites accept this payment type directly, but if they don’t and you want to use your cryptocurrency, many 3rd party processors will help you exchange your crypto into FIAT so you can deposit. PayPal, Skrill and Neteller each offer this function. When you deposit by Bitcoin and Crypto, more often than not, you can claim a bigger and better bonus, experience instant deposits and withdrawals and the biggest perk – play with anonymity!
Pay By Mobile Phone
Some online casinos offer their customers the option of depositing by using a novel method called “Pay By Mobile Phone”. Quite literally, you can deposit by adding the sum to your mobile phone bill to pay later on, like on this website.
Naturally, this type of payment method does come with its restrictions. Deposits are capped at around £30, and you won’t be able to re-deposit until you have paid the mobile phone bill. What’s more, you cannot withdraw back to your mobile phone bill either. Usually, you will be offered the option of bank wire transfer if you use this method and want to withdraw your winnings.
How To Deposit at Gambling Sites In The UK
- Select a new online casino that the UK Gambling Commission licenses. Create a new account and log in.
- Visit the “Cashier” in your account and select “Deposit”.
- Pick any one of the available deposit methods. Usually, a list of your available options will appear based on your locality and IP address.
- Select the sum of money you wish to deposit
- Finalise the amount, press “confirm,” and upon a successful transaction, your money and any bonus funds you opt-in for will appear in your balance, ready for you to play games and slots!
Conclusion
As you can see, there are many safe payment methods at UK online gambling websites, so much so that we don’t envisage anyone having issues finding suitable means. However, using a secure banking method is only helpful if you play at safe and licensed gaming sites.
We wanted to send special thanks to https://www.allgamblingsites.com/ for their help with the information needed in putting this article together. To ensure your safety, we always recommend choosing a site that’s licensed by the UK Gambling Commission and the Malta Gaming Authority. By doing so, you will have the necessary tools to help you have a safe, fair and responsible gambling experience that you will ultimately enjoy.
