Accepted casino payment methods
A number of reliable services to help you deposit and withdraw your money at online casinos.
There are so many payment methods available that it can be easy for players, particularly inexperienced ones, to feel a little bit overwhelmed. Which one should I choose? Which is the right method for me? So many questions!
Luckily, we’re here to help. As experienced casino players, we know a thing or two about the various payment possibilities out there and we are committed to helping our readers make sense of all of them.
When picking out a payment method, we prioritise two things. The first is security. We want our money to be as safe at it can be, both when it’s sat in our account and while it is being transferred to or from a casino. Casinos also share this concern and so will only accept methods they deem as safe. In a way, this helps narrow down the player’s options too – if it weren’t safe, it probably would not be accepted at a casino.
The second factor is convenience. There are a multitude of e-wallet options, credit and debit cards, pre-paid cards and other choices but there are important differences between them. These include having different sign-up procedures, transaction limits and in some cases, processing fees. All these factors will impact the user’s decision in choosing one method over another.
Read on below to get a quick overview of the most popular payment options available to UK players, their advantages and pitfalls, and which casinos accept which types.
Probably the most ‘tried and tested’ method out there, folks have been using bank transfers to move their money around for decades. It’s no surprise that this convenient method has remained popular, even as we are well into the internet age.
Bank transfers do take a bit longer than other methods, particularly if the sending and receiving bank are in different countries, but we have yet to come across a casino that does not give players this option as a way to withdraw from and deposit into their casino account.
Cheques are kind of falling out of favour as a payment method in the real world. Bank transfers, especially mobile banking options, have made this older system a little bit of a relic. Still, some casinos do allow transactions by cheque, though this option is disappearing from most lists of accepted methods.
E-wallets have proven their worth in many different scenarios, from online shopping to paying bills and yes, even to gamble. There is a growing range of e-wallet system out there and the kind of services they provide can differ. Some charges fees, others don’t. Some offer a linked card, others offer mobile services.
In essence, e-wallets act as a middle man, a sort of ‘halfway house’ for your cash so you don’t transfer directly to and from your bank account. This has several advantages – your banking details are not revealed to anyone and the risk of overspending is lowered. But there are some drawbacks, including having to create yet another account and remember yet another set of login credentials.
Popular payment methods
Calling Bitcoin a payment method is a bit of a misnomer. Bitcoin is actually the currency, not the way it is transmitted. A growing number of casinos are accepting payments and withdrawals in Bitcoin. Like any other currency, the value of Bitcoin fluctuates and there are several exchange services available to player who wish to buy or sell Bitcoin for another currency of their choice.
Completely anonymous, Bitcoin transactions rely on having a Bitcoin wallet with its own unique string of code to identify it.
Learn more about this virtual currency, online casinos that accept Bitcoin here.
This payment method is similar to a bank transfer except that it uses a credit card instead of debiting a bank account. Credit card services like Visa and Mastercard are widely accepted and are respected brands that take many precautions to protect their customers.
Alongside bank transfer, this is the most popular method used by casino players and pretty much every single casino these days accepts transactions through credit cards.
Find out more about this here.