Online casino websites provide entertaining games that are not enjoyed just for fun. Gambling games on the web offer real money prizes. To be able to obtain these worthy prizes, players are expected to sign up with a casino and deposit real money. With that done, they can make bets and invest in their gameplay. With a bit of luck, they may be able to return what they’ve staked, and win something extra.
For all of this to be possible, casino banking methods are the crucial element in the story. There would be no online casinos and betting sites, if there were no payment methods to support their operations. Luckily, since the very beginnings of casinos on the internet, there was a possibility to make payments and withdraw winnings thanks to bank cards and bank transfers. Some casinos even accepted cash payments at specific points of sale. Today, the range of banking systems for casino players has expanded tenfold. There is much more variety in the methods themselves, and players are usually met with a large choice of options to choose from.
Casino brands compete not only in the games department, but also in the aspect of offering the most convenient, quickest and most efficient methods of deposit and withdrawal. Every UK punter out there wants their money to be safe and to be able to move it quickly. Online casino play is exciting and dynamic which is why it requires safety measures in place, and a high level of convenience.
Players don’t want to wait for weeks for their payment to arrive nor do they want to go through a hassle just to make a deposit. That is why most popular casino banking methods are the ones that are able to complete transactions digitally, in a few clicks and in a few minutes.
Let’s dive into the world of deposit and withdrawal methods for casinos online. Below, we offer a full overview of the types of banking you can do when you sign up with an online casino, paying special attention to their important characteristics such as speed, security, ease of use and accessibility, among other things. Don’t know what the depositing process look like? Fear not, we can explain that, as well.
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Bookmaker
Bonus
Highlights
Rating
Deposit £10 Get £40 Bonus
New Customers Only. 18+. BeGambleAware.org. Minimum deposit £10. 50x wagering requirement apply. Bonus will expire 30 days after opt-in. T&C Apply
Bet £10 and Get Two £15 Free Bets
New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply.T&C Apply
Deposit $10 and get 100% Bonus to 400$
UK new players only • Bonus will be granted in Tournament Tickets gradually over 7 days after the claim date • Each Tournament Ticket will expire 24 hours after it was granted • T&C Apply
£20 free bet to new account holders
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake.T&C Apply
New punters may be a bit sceptical when it comes to depositing money on a casino website. What if something goes wrong? What if the casino just keeps the deposited money and blocks me? There are all understandable concerns, but very unlikely in reality. The depositing process is so simple that anyone can complete it successfully on their first try. Also, the casinos can’t simply take away your money because there are rules and standards they must abide by.
So, let’s go over the depositing procedure. Casino website designers have made sure that all the steps in this process are clear and easy to complete. All you have to do is follow the simple instructions on the screen. Before you can make a deposit, however, you have to become a registered member of that chosen casino. Provided that you have finished the registration and now have an account with the casino, you can navigate to the cashier and send funds to your gaming balance.
Depositing at an online casino, as you’ve seen, is easy, hassle-free and incredibly fast. What about the payouts? Let’s assume that after a stroke of luck your balance got a lot bigger. Sounds good, doesn’t it? You now want to go to the cashier and request a casino withdrawal, naturally. The way this process works is quite similar to depositing. Perhaps the waiting time is a bit longer, depending on the method. The casino, if you have made a good choice and joined a reputable iGaming site, will make sure to release your payout as soon as possible,
In the early days of online gambling, there were barely a few options available for making deposits and withdrawals. If you had a bank account and a card, you were able to make online payments. Today, there are so many more options on offer, thanks to the advancements in banking technology. Online payment processors and even betting apps enable us to make safe and fast transfers to and from any website, including web-based casinos.
As a player, one should always strive to use safe and secure options for casino banking. Thankfully, trusted casino brands are supervised and conditioned to offer safe environments and secure payments to their customers. The range of banking options available online is wide, but it is possible to structure these types of banking options into a few most popular groups of methods.
The best UK casino sites will make it their priority to diversify their cashier and give the users plenty of options to consider, so as to side with just the right one when the time comes to finally make real money transactions. UK punters are spoiled for choice when it comes to payments at casinos online. Many trending options are available within the country and the strict gambling regulations ensure the highest standards and quality in internet casino services. As you start visiting UK casinos on the web, these are the most frequent types of banking solutions you will come across.
The first online secure payment systems were introduced soon after the first virtual casinos appeared. Casino banking in those early years included bank transfer, bank cards and sometimes cheques. All of these have now fallen out of favour because they are slow in a modern, fast-paced setting. Nevertheless, many people still use their trusty credit and debit cards for online payments.
As of April 2020, the use of credit cards for gambling payments has been banned in the UK. This happened due to new regulations introduced to combat problem gambling in the country. UK players commonly use their debit cards instead. Visa Debit is the most popular debit card for online casino banking in Britain, as one of the globally accepted options. There is also MasterCard, and both of them are rather common.
Even though online payments made with bank cards are not the fastest, they successfully combine stability and cost-effectiveness. Naturally, there can be different parameters established by the card issuer company and your bank, that can differentiate between less recommendable cards and more favourable options for an online gambler. Using debit cards is good from the aspect of being in control of one’s spending. The cardholder cannot spend more than what they have on the card balance.
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Electronic wallets have revolutionized online banking in general, not just banking in the casino industry. They come with a multitude of conveniences and features that not only make transfers much faster, but also private, secure and easy to do. An e-wallet is a service that allows the user to create an account, establish a profile and then load funds to that balance where it remains stored for later use in the online commercial world.
If a wallet owner decides to make a casino deposit with their e-wallet, they just have to find an appropriate casino site that accepts digital wallet deposits. Without disclosing any of their banking information the player can transfer a certain amount to their gambling balance from the e-wallet. In the same vein, they can request for the casino to pay out their winnings to that same wallet. Some of the most popular electronic wallet services in the world are PayPal, Neteller and Skrill, which are also available and widely used in the UK.
Prepaid cards are an excellent alternative for players who do not want to maintain any profiles online or share their banking information with third parties. Prepaid cards or vouchers are not tied to one’s bank account in any way. These are some of the safest ways of depositing at casinos online, as they are untraceable and often disposable. Some prepaid cards can be reloaded, but they are usually preconfigured for single use only. Prepaid cards contain predetermined amounts of money and are limited in this sense, which is why penny players and mid-budget punters often choose this method over others.
If you want to use a prepaid card for an online casino deposit, you need to buy one first. The card is worth the money it contains on it and it comes with a unique code that is entered on the deposit page. With a single use of the code, your money will be transferred from the voucher to the gaming balance, no usernames and passwords required.
The most popular representative of this type of method is Paysafecard. In the UK, punters can get their cards in different values and pay for them in cash. The one downside of prepaid cards is that they cannot be used for withdrawals. The use of prepaid vouchers is limiting to high-stake players, but beneficial for budget bettors who like to keep their bets in control.
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Cryptos like Bitcoin, Ethereum, Litecoin, Ripple and Dogecoin can be seen in more and more UK casinos as acceptable payment methods. The main features of cryptocurrency such as high levels of security and anonymity align perfectly with the needs of a modern casino player. Not to mention the speed of the transactions on the blockchain.
Using Bitcoins, for example, to make a casino deposit is just as easy as using a regular e-wallet. A person has to buy BTC at an exchange and pay for them with fiat money. Then, they need to store the BTC in a crypto wallet. Next, they are free to find a crypto-friendly UK casino site and send some BTC to their gambling account through a safe and unique address.
Decentralised currency is still something that many people stay away from, which is perfectly understandable, But, if you want to tamper with the possibility of playing online with virtual money, it is good to know that you can. Finding casinos licensed by the UKGC that accept Bitcoin – that part is the tricky one.
Most of us have a bank account, and offering bank transfer payments at casino sites makes perfect sense. However, bank transfers aren’t necessarily the most comfortable of online casino payment methods. There are many convenient, faster alternatives, which is why bank account transfers are slowly being left aside. Usually, casino sites will not charge you any fees for using the traditional bank transfer option to deposit or cash out.
The bank might. Since the bank has its own verification protocols in place, transactions take more time and the overall time of processing is slower than with other methods. Depending on your local bank, the process of depositing or withdrawing may vary and include additional confirmation screens. All in all, some people stick with the standard bank transfer method because that is simply what they are used to.
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Considering the fact that we are on our smartphones most of the time, having reliable banking methods for casino sites that work on mobile is a blessing. In the UK, it is possible to make deposits at online casino sites using your phone credit or bill. Pay-by-phone methods are on the rise and Boku is the most popular of them all. To use the service of Boku, you don’t need a bank account or card.
All you need is a mobile phone. Whatever you spend at a casino, you will pay through your phone bill or have it deducted from your monthly credit. Brilliant idea, truly.
Apart from Boku, there are other alternative options such as MuchBeter, Payforit, Apple Pay and Google Pay. Being able to use a mobile billing method adopted by major UK network operators is a massive convenience. Payforit seems to have prevalence in the UK market, but you may see some casinos not using the name on their cashier pages. Instead, they might be offering “pay by mobile”, “charge to mobile”, “mobile pay” or anything of the sort.
Since the speed of traditional bank transfer is not satisfactory for most active punters, instant banking is a valid alternative available at many casinos online in the UK. Instant banking is a reliable service that allows casino members to pay for their gambling activities directly from their bank account. The person has to have a bank account with one of the banking institutions within the network. Such payments are quickly arranged and processed, without any risk of breaching security measures.
Some of the more notable systems of instant banking are Citadel and Trustly. Both are widely used in the UK, and it is obvious why. If a person uses online banking in their daily activities, why not redirect some of those funds towards casino bets, as well? When you choose to deposit to an online casino with Trustly, you just have to pick your bank from the list of associated banking institutions. The system will automatically send you to your online banking page to complete the transfer yourself, in record time.
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Even today, when there are so many mediums at hand, so many different options to choose from, casino banking can be a frustrating experience. If you haven’t made any deposits at a casino online you need to know more about it, before going through with the transaction. If you have deposited before and had a poor experience, you should try a different, informed approach to your payment methods.
Never have online casino included so many payment methods as they do today. That is precisely why it is important to choose a method carefully and make sure it contains all the qualities you want from a payment system. The right method can take your gambling experience to a whole new level.
Every player has a personal preference they need to take into consideration, as well. If they spend a lot of time out of the house, commuting or simply running errands, then a mobile casino and a mobile-optimized payment option are the combination that allows them to play whenever they are.
Other than personal inclinations, there is a series of other relevant aspects of casino methods used for online gambling that need to be considered. Here they are, in no particular order:
On trustedbookmaker.com we take the laws very seriously: the gambling sector in the UK is a massive industry that operates under proper legislation. Nearly all forms of gambling are legal, but subject to strict regulation. The Gambling Commission oversees gambling activities and issues licenses to local and foreign operators. According to data from UK Finance, 800,000 consumers in the UK used a UK-issued credit card to gamble in 2018.
The UKGC found out in 2019 that 22% of online gamblers using credit cards are problem gamblers. For that reason, gambling with credit cards has been banned in the UK since April 2020. Even so, the UKGC report for 2021 reveals that online gambling participation in the country (without people who only bet on the national lottery) has risen to nearly 18%. ISP blocking and payment blocking have been considered in the past but never implemented by the authorities.
We are here to point out the leading online casino payment methods you can use while betting in the UK. The very best online casino banking options rank high on all charts, and deserve to be tested and tried further. As we’ve highlighted earlier, every player is free to choose a method according to their own preference, but if the general consensus deems a method good – that’s probably because it is.
Thankfully, it is possible to gather a lot of genuine feedback online and evaluate the experiences of players across the United Kingdom with different methods of payment. Some of the top options include these services:
There will always be new methods to welcome in the online casino world, but one should always pay attention to those followed by epithets such as “trustworthy”, “transparent”, “legitimate”, “secure” and “reliable”. The factors that mostly influence punters’ choices regarding payments are security, privacy, efficiency and convenience. In that sense, we can expect the best UK casino banking methods in the future to be even faster, with extra layers of protection and even more practical.
Online casino players, whether they are casual bettors or regular casino customers, will always want to use banking methods they know they can trust with their money. The best course of action is to always weigh the pros and cons of available methods, try different options with smaller amounts and then pick the one that feels the most conformable.
Author
Nick Griffin
Last Updated:
Last Updated:
