When signing up to a new UK casino, you want to make sure that all viable options are available to you. These include the selection of online slots, availability of customer support, and the range of available banking methods. When you make a deposit or request a withdrawal, you want to make sure that it’s easy and as quick as possible.
Besides casino licencing, responsible gambling and customer support, banking methods also reflect the trustworthiness of UK casinos. If we had to tell you the number of payment methods that a casino should have, we’d say to you that the more it has, the better it is for you as a player. You should always pick a trustworthy casino that has at least a single payment method from the below categories:
- Debit & Credit Cards
- Wire Transfers
- Pay by Phone
Some casinos go a step further and accept cryptocurrency for deposits and withdrawals, but to our experience, very few do at this point. You must look for banking methods as well as withdrawal methods before signing up and proceeding to make a deposit. This will save you the time. It also depends on your actual needs.
If you want a fast withdrawal, you might want to opt for an e-wallet such as Paypal, Neteller and Skrill. Withdrawals can find their way into your e-wallet in under 24 hours. Of course, you should also avoid wire transfers, since they would take a few days. It is undoubtedly one of the slowest payment methods available.
It is for this very reason that we have created these guides, to go over some basics when it comes to making a safe deposit and withdrawal.
One of the safest payment methods is e-wallets. If you are particularly concerned about the safety of your money transactions, then you can’t go wrong with e-wallets. E-Wallets such as Neteller and Skrill have revolutionalised the online gambling industry giving mobile casino users a new payment method that safeguards their interests.
The best online casinos in Britain these days accept Skrill and Neteller as banking methods. They are almost as popular as debit and credit cards. Unfortunately, they are not free of charge, and although making a deposit and a withdrawal is free, funding your accounts incurs a small fee. Casinos that accept e-wallets include BGO, LeoVegas and Mr Green Casino.
Another popular option is Paypal. This is a very prominent payment method in the UK. However, it is increasingly difficult for casinos to use these payment methods due to money-laundering risks. Casinos that accept Paypal as a banking method include Amazon Slots, Dove Slots and PlayOJO.
Debit & Credit Cards
By far, the most popular out of all banking methods, debit and credit cards are undoubtedly the most accessible. Even though they are incredibly popular, there might be some strict restrictions in place when it comes with withdrawals.
If you own a Visa or a Mastercard, you are free to make deposits and withdrawals in Britain. However, Mastercards restricts withdrawals, so you might want to look at alternative ways to cash out a withdrawal. All UK online casinos accept debit & credit cards including Wishmaker, Dream Vegas and Mr Play Casino.
Probably the oldest payment method of them all, bank transfers are not as mobile-friendly as we’d like them to be. It is also by far the slowest way to transfers funds. It can, in fact, take up to 10 days for your cash withdrawals to reach your bank account and another five for a deposit to be transferred to your bank account.
Bank transfers are great if you are aiming to move a large amount of money, but if you want to play at a casino there and then, you might want to look into alternative payment methods. Casinos that accept bank transfers include Casumo, Karamba and Trada Casino.
Pay by Phone
Another growing trend is that of Pay by Phone. Pay by Phone, Pay by SMS or Boku are quickly garnering attention in the UK market since they facilitate transactions rapidly. These payment methods are more geared towards mobile casino players, which today amount to 70% of the online gambling market.
If you want to play on the go, it does not mean that you must use Pay by Phone to facilitate payments. One of the critical advantages of pay by phone is that you can gamble online now and pay for it later when you receive your phone bill.