Casino Banking Methods

How to Pick The Best Online Casino Banking Methods in Three Steps

Choosing the right casino payment method for online gambling in the UK is crucial. It can help you avoid waiting times, unecessary fees, and help you keep track of your spending more easily. Here, we guide you through three simple yet effective steps to ensure your transactions are secure, cost-effective, easy-to-track, and compatible with casino bonuses.

Step 1: Ensure Your Methods Are Secure

Security is paramount when it comes to online transactions. Opt for well-known payment providers frequently used in the UK, like debit cards, e-wallets, or pay-by-phone options. These methods, which hold licences by the FCA (Financial Conduct Authority) and other regulatory bodies, are some of the safest and most reliable online casino payment methods.

Recommendation: Unsure about a deposit method? It's wise to research its reputation. Look for user reviews and trust ratings online to gauge its credibility.

Step 2: Opt for Low Fees and Quick Processing

Time and money matter. Most reputable UK casino banking options offer instant deposit processing. However, transaction fees vary. Choose a provider that combines efficiency with minimal fees so you don’t eat into your gaming funds.

Step 3: Select Methods Valid for Casino Bonuses

Don't miss out on bonuses because of your payment metho. Some casino banking methods, like Neteller or Skrill, might exclude you from certain promotions. Always confirm that your chosen payment method qualifies for the casino bonuses you aim to claim.

Tips: Tailor your casino choice to your preferred payment service. Check out our expert-curated lists of Trustly, Skrill, and Neteller casinos. These platforms offer special promotions for using these specific deposit methods.

Three Steps to Pick The Best Online Casino Withdrawal Methods

Withdrawals are as important as deposits in your online casino journey. Our guide helps you select the most efficient, secure, and cost-effective withdrawal methods available in the UK.

Step 1: Opt for High Withdrawal Limits

Firstly, ensure your chosen deposit method is also available for withdrawals. Different methods have varying cash-out limits. For example, while Apple Pay is gaining popularity for deposits, it's not commonly used for withdrawals. Consider the withdrawal limits of each method and select one that aligns with your financial needs.

Step 2: Look for Low Fees and Fast Processing

Speed and cost are crucial. Seek out withdrawal methods with minimal fees and swift transaction times. Our research in compiling a list of fast withdrawal casinos showed that while e-wallets often process withdrawals instantly, traditional methods like bank transfers and debit cards might take several days.

Step 3: Prioritise Extra Security Measures

Choose withdrawal methods that offer additional safeguards, such as two-factor authentication or unique PIN codes. This extra layer of security is invaluable, even if you’re playing at highly recommended new online casino sites.

Tips: Always verify the compatibility of your withdrawal method with the casino's policy. Look for options that balance speed, security, and cost-effectiveness to enhance your online gaming experience.

Online Casino Banking Methods

Unsure of your casino banking options to fund your gaming and cash out your prizes won at online casinos in the UK? Scroll down to get a breakdown of your options.

Credit and Debit Cards

In April 2020, the UK Gambling Commission banned using credit cards to play at online casinos. However, gamers can still use debit cards to fund their accounts. The most popular debit card brands are Visa, Mastercard, and American Express.

Visa

Making deposits at an online UK casino using Visa is straightforward. When signing up, choose Visa as your payment method and enter your debit card number and CVV. Doing this makes topping up your account super easy - just choose how much you want to deposit and click accept. In some instances, you may have to confirm the transaction by entering a code given to you via a quick phone call, text message, or by using your mobile banking app.

Mastercard

Mastercard is very similar to Visa. If you have registered another payment option when signing up but want to use this method to make a payment, log into your account and select the Mastercard payment option. Once you have provided your details, choose the amount you want to deposit and complete the transaction.

Like Visa payments, you may need to confirm transactions using a verification process agreed with your bank.

American Express

Although American Express is mainly known as a credit card, it launched a debit card option in 2022.
This trusted payment option works the same as Mastercard and Visa.

Jeton

As an FCA-licensed e-wallet, Jeton offers secure and fast money transfers, ideal for the iGaming environment. Users can top up their Jeton account using various methods, including bank cards, cryptocurrency, and instant bank transfers, ensuring instant online transactions and innovative features suited for online casino players. Withdrawals are straightforward, with funds typically received within a few hours.

E-wallets

E-wallets are some of the best online casino payment methods because they let you transfer money in seconds. They are also a great way of keeping your gaming budget separate from your other funds, as they make it easier to track your wins and losses.

Also known as digital wallets, e-wallets can store your bank cards, transportation passes, driving licence, bonus cards, tickets to events, cryptocurrencies, etc. This software can make secure payments both online and in a physical establishment without you needing to memorise individual passwords.

Interested in using an e-wallet to fund your new online casino account? Check out the best and most recognised service providers to determine which match your needs.

Paypal

Most web-based gambling operators do not charge fees for deposits and withdrawals using PayPal. Yet PayPal may charge you a small fee for transferring funds from the e-wallet to your bank account, and top-ups made via credit card cost 3.4% + 20p for UK customers. Many users agree that this is a small price to pay for the level of security it offers you.

PayPal uses encrypted security technology to ensure secure transactions. Additionally, this e-wallet offers you fraud protection and lets you flag certain transactions as suspicious.

Skrill

As Skrill is a common and trusted method of payment, most casinos accept Skrill. Yet, be aware that there is a 1.9% transaction fee and a credit card charge of 2.9% to put money into the account. Nevertheless, many agree that the level of security Skrill casino transactions offer is worth it.

Another advantage Skrill customers can benefit from is its loyalty programme called Knect, which rewards you in cash for regularly using Skrill. With this system, you earn points every time you make a transaction, which you can exchange for money.

Neteller

Most casinos accept Neteller, and the fee structure is very similar to Skrill - it also has the same loyalty programme. With a Neteller Standard account, money transfers have a fee of 2.99%, but Neteller True account holders can enjoy a lower 1.45% charge. Transactions incur a minimum fee of £0.50, but receiving money via Neteller is free of charge.

Ecopayz (Now known as Payz)

Another common e-wallet is Payz (formerly known as Ecopayz). Deposits with banks cost from 0-7%, credit cards 1.69 – 2.9%, and withdrawals cost between £1 and £8. Yet, as e-wallets are becoming more common, it's only a matter of time until Ecopayz fees become cheaper.

Casino Payments via Bank Transfer

Although widely accepted by UK casinos to make deposits, bank transfers are slow compared to other options. In some cases, withdrawals via bank transfer can take up to five working days to arrive in your account.

Most banks process bank transfers for free - yet some can charge considerable fixed fees or even percentages, so check this with your provider before making a transaction.

Mobile App Payment Methods

Funding your online casino account using your mobile device has never been easier.

Apple Pay

More and more Apple Pay casino sites are entering the UK iGaming market because of its easy payment system. Apple does not charge you any fees for using Apple Pay to fund your online casino account, but the gambling provider might impose minimum withdrawal fees.

Zimpler

Zimpler lets you use your phone number to make transfers by paying another phone number. This mobile banking option charges your debit/credit card or phone bill. Zimpler casinos enable fast and straightforward payments securely.

Boku

This mobile payment method also allows you to pay using your phone number. Like Zimpler, Boku casinos let you choose whether you want to use your phone bill or debit/credit card to fund your gambling account.

Payforit

Although they aren't common, some online casinos also offer Payforit as a payment option, allowing you to fund your account using your phone bill. However, be aware that you can't cash out using this method.

Sofort

Also known as Klarna, Sofort provides quick and secure transactions without the need for an e-wallet account. Available in Germany, Austria, Belgium, and the UK, Sofort uses a multi-level authentication process and a unique TAN (Transaction authentication number) for each transaction, making it one of the safest online payment methods in the UK. It's particularly advantageous for rapid, secure online casino deposits.

Google Pay

All Google Pay casinos we promote offer you a wide range of games and are fully licensed. Yet keep in mind that you can't use GPay to make withdrawals, as it works like a voucher or prepaid card.

Giropay

Giropay offers a straightforward payment process for users with a German bank account. This method allows instant deposits directly from bank accounts, making it an excellent choice for online casino players who value simplicity and security. The only issue is UK casino sites don’t accept it right now.

Cryptocurrencies

This blockchain technology lets you make secure payments 100% anonymously. But although this appeals to many users, cryptocurrency payments can make carrying out KYC (Know Your Customer) checks challenging for online casinos.

For this reason, UK gambling sites that want to accept crypto-assets must get prior approval from the UK Gambling Commission. Learn more about popular crypto coins below.

Bitcoin

Since its launch in 2009, Bitcoin has revolutionised anonymous online payments and become popular with gamblers because of its quick and secure transactions.

Ethereum

Ethereum is arguably the second most famous form of cryptocurrency and the main rival of Bitcoin. Like other crypto coins, Ethereum is a decentralised blockchain platform that uses verifying application code, called smart contracts, to allow participants to make transactions without a trusted central authority.

How To Gamble Online Using Bitcoin or Ethereum

Although most casinos approved by the UK Gambling Commission don't accept crypto payments, you can use a third party to circumvent this restriction. For example, Neteller account holders can quickly exchange their crypto assets into pounds to play real cash casino games online.

You can also use Neteller to turn your winnings into Bitcoin, Ethereum, or other crypto coins.

Other Popular Payment Methods at Online Casinos

Most new casino sites accept the following trusted payment methods.

Paysafecard

Paysafecard is a pre-paid card that lets you purchase a fixed amount of funds - usually £100. With the card's number, you can make deposits at paysafecard casinos. Paysafecard also offers a digital wallet option that saves payment methods, such as credit card information, to allow you to make contactless payments at brick-and-mortar casinos.

Trustly

Trustly stores your data to ensure fast and easy payments. Previously known as InstantBank, this banking method enables fast casino deposits and withdrawals.

MuchBetter

MuchBetter is a global app-based e-wallet that lets you confirm transactions from your phone and enjoy low e-gaming fees when making transactions.

Neosurf

Neosurf is another pre-paid payment card available at many retail shops across the UK and is a safe way of funding your gaming at Neosurf casino deposits. Unfortunately, you can't use this method to withdraw funds from your casino account.

Pay By Phone Bill at Online Casinos

Pay by Phone payments are transfers made using your mobile network provider. It saves having to deposit money manually and adds the amount directly to your bill at the end of the month. Although this is an easy casino payment method, tracking what you spend can be tricky, and it doesn't facilitate withdrawals.

UK Casino Banking Methods: A Complete Breakdown

Final Thoughts on Casino Banking Methods

Your journey through the world of online casinos in the UK is greatly influenced by your choice of payment methods. Whether it's for making a deposit to start playing or withdrawing your winnings, each step you take should be informed, secure, and efficient.

In this guide, we've navigated through the essentials of selecting deposit and withdrawal methods. From ensuring the security of your transactions with trusted providers to considering the speed and costs of your deposits and withdrawals, every aspect plays a crucial role in enhancing your online casino experience.

While depositing, remember to opt for methods known for their safety, low fees, and quick processing. Popular choices like debit cards, e-wallets, or pay-by-phone options often strike the right balance. On the flip side, when withdrawing, prioritise methods offering high limits, swift transactions, and minimal fees. E-wallets shine in this area, providing faster access to your funds compared to traditional banking methods.

As you explore the dynamic world of online casinos, always align your payment method with the casino's policies and the bonuses you wish to claim. Extra security features, such as two-factor authentication, are always a smart choice. Consult our expert-curated lists for casinos that cater to specific payment preferences, ensuring your gaming journey is both enjoyable and hassle-free.