Casino payments or deposits, whichever word you prefer, is the first step to start playing at an online casino. Our top UK casino picks offer a wide range of safe and fast payment methods, for example, Paypal and Skrill. Below you’ll find the beginners’ guide about how to handle payments and withdrawals, along with a selection of our favorite casino deposit methods, and how they work.
Casino Payments and Withdrawals Beginners Guide
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Unless you play with a no deposit bonus or a demo game, you have to deposit funds into your account in order to start gambling. To do so, you need a payment method that is safe, fast, and efficient. When the deposit experience is seamless, it makes you all the more excited to start playing.
On the deposit page of a casino, you’ll see an overview of payment methods to choose from. Pick the one that best suits your needs and pay attention to the maximum limit as well as the minimum amount you will have to deposit. The upper limit varies per casino, but usually, the minimum deposit is between £5 and £15. If you want to gamble responsibly, prepaid cards are a good option because they prevent you from spending more than you intend.
It’s good to pay attention to the withdrawal time and conditions before you start playing at a casino. There is nothing more annoying than winning and then not being able to see your fund in your bank account. Withdrawal times vary per casino, and it also depends on the form of payment you choose. Having that said, most casinos take between 2 and 10 days to have the funds in your account.
A Closer Look
Let’s have a closer look at some of the payment methods casinos offer, how they work, and what the pros and cons are. It will teach you everything you need to know about payment methods, so you can make an informed decision.
A debit card is the most widely used payment method, and for a good reason. We use our debit cards for everything, from paying our rent to everyday purchases. You can also use it to deposit funds into your casino account. Paying with a debit card at an online casino is as straight-forward as it gets. On the cashier page, simply enter your card details, the amount, and complete the steps to finalize the deposit.
UK’s Favourite Payment Method
The last few years have marked a time where many new payment methods popped up, for example, Bitcoin. There is an increasing number of online casinos that now accept Bitcoin or another cryptocurrency. Despite the popularity of new payment methods like this, debit cards are still the most used method of payment at casinos. It’s the straight-forward use and reliability of the debit card that makes it a favorite among many people. Plus, when you make deposits with your debit card, your funds will be ready to use immediately.
Easy to Use
A good argument for using debit cards is that they are simply a very convenient way of payment in online casinos. Players know for a fact that a debit card is reliable, and it’s nice to be using a payment method that you can trust. Maestro, Visa, Amex, and Mastercards are all brands that are widely accepted at online casinos.
When you want to withdraw the funds from your casino account to your bank, this process is quick and efficient. It takes anywhere between 2 and 10 working days. The casino where you play usually mentions the exact number of days in the FAQ, so make sure you check that.
Although there are plenty of advantages to using a debit card to deposit money into your account, there are some cons. Depositing money into your account with a debit card requires you to enter sensitive information on the internet. That’s an important reason why people increasingly love using alternative payment methods like Skrill or cryptocurrencies. Reputable UK casinos always use encrypted software to ensure you’re details are safe, but there is still a small risk involved that something can happen with your information.
*From April 14th 2020, you are no longer able to use a credit card to gamble in UK casinos.
An E-wallet is an online account that you can use to make transactions online. They’re fast and secure in use. It’s for that reason they’ve become the preferred payment method of money people. E-wallets let you use your usual credit or debit card to deposit or withdraw money into the account. There are many types of E-wallets, each with their distinctive qualities, but they have in common their fast and safe transactions. A few good E-wallets, for example, are PayPal, Neteller, Skrill, and ecoPayz.
How to use it?
You can only use an E-wallet at casinos that accept said method. Luckily there is an increasing number of casinos that now let you pay with Paypal. You will notice that particularly the bigger casinos will offer more than one type of E-wallet to pay with. For example, Skrill and ecoPayz. Once you’ve found a casino that accepts your type of E-wallet, the process is simple. You need to visit the cashier page of the casino, select your payment method, and follow the steps. Once you’ve completed these steps, you will have instant access to your funds.
Fast and Safe
The reason that E-wallets are safe primarily is that you don’t enter your bank details at the casino. The way an E-wallet works is that your details are stored safely in one place, on the E-wallet, and you don’t have to enter those private details at every casino site you play. E-wallets have advanced encryption software technology to keep your details safe, along with password protection. Especially in this day and age where card fraud isn’t uncommon, E-wallets are an excellent solution for keeping your details safe while at the same time making quick payments.
Withdraw your wins
If you win at the casino, you can quickly withdraw your funds into your E-wallet. Payments to E-wallets process promptly, and once you see the funds into your account, you can then proceed to withdraw the money from your E-wallet onto your bank account. Good thing: E-wallet payouts are usually processed very quickly, which is an extra plus for using this method for your casino deposits.
E-wallets are safe and fast in use, the only con here is that setting up an E-wallet can sometimes be a bit of a drag. The process is usually very straight-forward, but sometimes it might take a few days to connect your bank account to your E-wallet due to the verification process the E-wallet performs. Of course, this extra security step is also in your interest, but it can be annoying that it takes a few days to complete.
How does this work? Prepaid cards let you money onto the card from your bank account. It’s different than an E-wallet because it’s not connected to your bank account. You simply load money onto your prepaid card on a one-off basis, and that’s that. A few of the popular options that let you do this are Paysafecard, Neteller, and Skrill.
If you feel uncomfortable about your bank details being connected to any online account, then prepaid cards are a great option for you. It guarantees the ultimate privacy, and you don’t need to disclose any of your private information to the casino where you play.
Managing your bankroll
When it comes to gambling responsibly, prepaid cards are a good tool to keep your habits in check. A prepaid card is not linked to your bank account, so you can’t instantly load new funds into your casino account. If you deposit £50 onto your card, then you can’t immediately keep on playing once the amount is at £0
Prepaid cards usually charge a small fee to deposit money into the card. Think about £2-£5 per deposit, depending on the amount. This can be frustrating, but on the other hand, it allows you the advantage of keeping your details off any online platform.
Although Bitcoin is most definitely not yet a widely accepted payment method, the only casinos that accept Bitcoin are on the rise. In the last few years, Bitcoin’s popularity has grown enormously, which means that online casinos have to go with the times and give their players the option to pay with cryptocurrency.
UK casinos accepting Bitcoin
You can now find a good number of online casinos in the UK that accepts Bitcoin payments. With an easy to use Bitcoin wallet, you can make a payment to the online casino of your choice. But, of course, only casinos that have implemented the software to accept Bitcoin payments from their players.
Just like E-wallets and Prepaid cards, Bitcoin guarantees a high level of privacy. There’s no need to share any confidential information at the casino, which is plus for many players for value keeping their details private.
No middle man
The essence of Bitcoin is a transaction system where the middle man is removed. Unlike banks, there is nobody to verify transactions. Which is not a problem, because Bitcoin is backed by mathematic technology that does the work of the middle man. The result? Safe, fast, and efficient transactions.
If you want, you can quickly receive payments with Bitcoin. You can do so by choosing to withdraw to your Bitcoin wallet. Now that the funds are in your wallet, you’re free to use them at online merchants and services that accept Bitcoin as currency.
Bitcoin, and other cryptocurrencies, for that matter, are still in the process of becoming widely accepted payment methods. In terms of practicality, it’s kind of annoying that you can’t use Bitcoin at any casino you like. Aside from that, there is also a valid debate that Bitcoin’s volatility can result in a value decrease of the coin in the future.