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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.

Betting Sites

Rank

Bookmaker

Bonus

Highlights

Rating

1

4.5

100% up to a £40 refund as bonus money

  • More than 35 sports
  • Live streaming
  • Mobile apps

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

2

5.0

50% up to £50

  • UKGC license
  • Exciting bonuses and promotions
  • User-friendly website

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

3

5.0

Bet £10 & Get £50 in Free Bets

  • Almost 50 sports available
  • Easy to use
  • Brilliant banking section

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

4

4.7

Bet £10 and Get Two £15 Free Bets

  • Wide choice of live betting markets
  • 5+ horse racing promos available at all times
  • Reliable and skilled customer support staff

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

How to Make a Casino Deposit?

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.

  • Step 1: Log in to your account, using your username and password. Look for the button that takes you straight to the deposit page. It can say “Deposit”, “Banking”, “Payments”, just “Bank” or “Cashier”, or it can just be an icon the shape of a plus sign, which means “I am clicking this to add funds to my balance”.
  • Step 2: Now that you have entered the deposit page, you will be able to see all the deposit methods at your deposal. Take a good look at the list at choose the option that suits you best. Click on the logo of the method you want to use.
  • Step 3: Depending on the method you have chosen, the casino will present you with further instructions. For example, if your preferred method of casino deposits is a credit card, you will need to enter the necessary card details (CVV number, expiry date etc.). If you plan to deposit with an electronic wallet, you’ll need to complete the payment from within your wallet profile.
  • Step 4: Add the deposit amount. Note that every online casino has a minimum deposit amount limit. You will not be able to deposit anything less than what is the minimum. Normally, the limits will be presented with each method on the list at the cashier. So, just make sure to enter a sum equal to or higher than the prescribed minimum.
  • Step 5: Check if all the details are entered correctly and confirm the transaction. Your deposit is done! Wait for the confirmation email to arrive and the funds should reflect in the balance right away.

How to Withdraw Casino Winnings?

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,

  • Step 1: After you have logged in, go to the cashier section and look for the withdrawal page. Should be right next to the deposit option.
  • Step 2: Choose a method to withdraw with. Beforehand, make sure to inform yourself about the cashout policy of the casino. Some casino sites insist that their customers use the same method they deposited with to carry out withdrawals, as well.
  • Step 3: Once you have selected the withdrawal method, provide any necessary details for the withdrawal to be processed smoothly. For instance, if you are requesting a withdrawal to a BTC address, you need to open your Bitcoin wallet and generate the address, then copy and paste it in the correct field in the withdrawal form. Other information or sub-steps may be required for other methods of payment. Whichever option you choose, the instructions will be clear and easy to execute.
  • Step 4: Enter the withdrawal amount. As with deposits, casinos also have limits for payouts. Don’t forget to check these limits before finalizing the transaction. Enter your withdrawal amount and submit the withdrawal request.
  • Step 5: Wait for the payout to arrive. Depending on the casino and the banking method, your withdrawal may arrive within 15 minutes, but in some cases the waiting time can extend to several days.

Different Types of Casino Deposit and Withdrawal Methods Available

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.

Different Types of Casino Deposit and Withdrawal Methods Available

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.

Credit / Debit Cards

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.

Pros

  • Time-tested and globally accepted
  • Stable and convenient
  • Familiarity

Cons

  • Service fees
  • Speed

Pros

  • Extra security layer
  • The user remains private
  • No sharing of financial details
  • Excellent speed, especially for payouts

Cons

  • Some casinos disable bonuses for e-wallet depositors
  • Fees

E-Wallets

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

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.

Pros

  • Secure and anonymous
  • Can be paid for in cash
  • Don’t require a bank account
  • Perfect for players who want to limit their spending

Cons

  • Available in limited amounts
  • Can’t be used for withdrawals

Pros

  • Near-perfect security
  • Full anonymity
  • Exceptional speed
  • Negligible fees

Cons

  • Casino acceptance limited
  • Some tech-savvy skills required

Cryptocurrencies

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.

Bank Transfer

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.

Pros

  • Bank security standards
  • Good for local-based casinos and UK-based banks
  • High deposit and withdrawal limits

Cons

  • Bank service fees
  • Slow
  • Account details are shared online

Pros

  • Quick and available anywhere
  • Secured with two-step authentication
  • Personal data exposure limited to phone number only
  • Place bets now, pay later
  • Lower limits encourage moderate gambling habits

Cons

  • Some mobile payment options are good for deposits only
  • Low transaction limits

Apps and Mobile Wallets

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.

Instant Banking

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.

Pros

  • Risk management technology
  • Direct access to bank account funds
  • Strict measures of banking security
  • No additional registrations required

Cons

  • Online banking must be enabled with the bank
  • Online banking login information required

How to Choose the Ideal Casino Banking Method_

How to Choose the Ideal Casino Banking Method?

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:

  • Security – be certain about the safety that your chosen method provides. Always select tested casinos and deposit methods that are trusted. Check for encryption, certification, approval by relevant financial institutions in the UK. The gateways pennies come through should be secure and impenetrable.
  • Fees – find out the commissions or any extra expenses that might go into your casino transactions. For some methods casinos charge sizeable fees, and some payment solutions have steep fees of their own. Completely free service is ideal, but even if there are some fees included, make sure they are reasonable and affordable.
  • Ease of use – we have little time to deal with complex registrations and poorly designed online payment systems. Choose a method that can deliver a payment in an instant, within a few clicks or taps on your mobile phone. After all, you will deposit and withdraw funds countless times, so you want every time to feel effortless and convenient.
  • Speed and efficiency – we have even less time to wait for our transaction to be complete. Week-long transactions are considered extremely slow nowadays. Opting for a method that can guarantee fast service, same-day withdrawals and instant deposits is becoming the new norm.
  • Bonus availability – players who are after casino bonuses should keep in mind that some banking methods can help them claim promotions while others can exclude them from bonus offers. Deposits made with e-wallets will often disqualify new players from claiming welcome bonuses. It is a cautionary measure to stop players from abusing bonus deals. On the other hand, making deposits with specific methods may come with special promotions, so staying up to date with new offers can help one decide which method to use.
  • Transaction limits – some players don’t mind low transactions limits, as that ensures they are gambling responsibly. Others want to make higher bets and find methods with high limits more suitable for their playing style.

UK Casino Payments and Regulation

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.

UK Casino Payments and Regulation

Top Casino Banking Methods in the UK

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:

  • PayPal
  • Apple Pay
  • Visa
  • ecoPayz
  • Boku
  • Payforit
  • Trustly
  • Paysafecard

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.

Dos and Don’ts Regarding Casino Banking Online

  • The more deposit and withdrawal options on offer, the better – when a casino site supports different payment platforms and banking channels, it is usually a sign of financial stability, honesty and seriousness in the business.
  • Go local, or go global – choosing a local banking method is never a bad decision, as it significantly reduces any possibility of legal or cultural issues within the financial arrangement. Globally accepted payment methods are also recommendable, given their worldwide reputation and familiarity.
  • Avoid requesting withdrawals on Fridays – as with any other service, requesting casino payouts on a Friday, may leave you waiting until Monday for the transaction to be processed. There are casino sites out there with weekend withdrawals, but finding them is no easy task.
  • Be well-informed – as a player, always strive to be fully aware of the terms and conditions for making deposits and withdrawals at a UK casino site. Making secure online transactions with the help of trusted providers demands a bit of prior research. This way, you’ll avoid misinformation, determine your priorities and enjoy a seamless real money gambling experience online.
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Author

Nick Griffin

Last Updated:

The creator of this project is not just another writer but he is, first and foremost, a passionate online gaming player. His attention to detail means he spends hours studying and trying out innovative new techniques in order to write content that is engaging and truly informative for the users of this blog. When he's not writing, you can find him in Macau and Las Vegas, with sunglasses and the ever-present cigar.

Last Updated: