There are many different payment methods that you can use in an online casino. These casino payment methods range from your standard debit cards to prepaid cards, vouchers, e-wallets and even bank transfers.
On this page, we will be looking at the most popular live casino payment methods for both deposits and withdrawals that are available casino players from the UK but also to players around the world.
Best Casino Payment Methods
Let’s have a look at the best casino payment methods by category. Of course, there are plenty more payment methods but on this page we are focusing on the ones that are universal, that are available in most countries and that also fulfil our criteria to be considered the best casino payment methods.
The main criteria that we have used in order to shortlist these banking methods are:
- How easy it is to register and use that payment method for casino deposits and withdrawals
- Is the payment method available in most live casinos
- How long does it take for a deposit and a withdrawal
- Are there any fees involved
- Are there any restrictions on the bonuses when you use that payment method
Debit cards are the most popular bank card payment methods not allow you to make deposits and withdrawals from your online casino hassle-free. Credit cards were also used to be an option for casino deposits for UK players until 14th April 2020 when the UKGC banned them as a means to promote safer gambling and protect more vulnerable players.
Debit Card is a super secure payment method and you can find this banking option in every online casino. Debit cards deposit is instant, allowing you to play your favourite games within a few minutes.
Out of all the payment methods, it is the one that is used by the majority of casino players.
This type of online payment method is ideal if you don’t want to share sensitive financial information online. Some of the most popular prepaid cards for UK players include Paysafecard EcoCard by EcoPayz.
Paysafecard is the most popular one and it is available in most UK Live casinos. It is a very user-friendly banking phone and very easy to use via a pin coded voucher that you can buy with cats at many retailers.
Ecopayz on the other hand is like an e-wallet offering an instant, secure and anonymous way to make payments into your account. It is accepted in most online casinos in the UK and you can either get that physical card sent to you by post or get a virtual one by registering online.
E-wallets are a controversial payment method when it comes to online casinos because they could be used for illegal activities like money laundering.
However, it is a very convenient and popular banking option that is commonly used by many online casino players in the UK.
Trustly is another secure and trustworthy payment method that supports many major banks in the UK including NatWest Halifax end TSB.
If you are using Trustly you don’t need to worry about sharing bank cards details or any sensitive information with online casinos with this payment method you can make payments to your casino account directly from your bank account and vice versa. Trustly is accepted in many UK online casinos.
Here is a table with the most important positives and negatives each payment method has.
|Casino Payment Method||Positive||Negative|
|Debit Card||Accepted in every online casino online||1-3 working days for withdrawals|
|Prepaid Card||Safe and anonymous payment||Various fees may apply|
|E-Wallet||Instant deposits and withdrawals, depending on the casino||Deposits via e-wallets may not be eligible for welcome bonuses.|
|Trustly||Supports many major banks in the UK||Fees are applicable when using this service|
Some of the best live casino sites, isueally the ones that operate in many diffrerent countroes have a lot more casino payment methods for the UK include Apple Pay and Bank Transfer. There are also even more for various countries outside the UK like Eps, Euteller, Instadebit, Poli, Safety Pay, Sofort, Giro Pay, Neosurf, Baku and Todito Cash. The availability of these deposit and withdrawal methods depends on your country of residence and the online casino.
Deposit Methods in online casinos
One of the biggest advantages of joining a new casino site is the Welcome Bonus that they offer for new players. But you need to be aware of a couple of things in order to be able to use the deposit methods efficiently and get your bonus money.
First of all, you have to make sure that you deposit at least the minimum amount that is required which can be as low as £10. This is usually not a problem for most players.
But what most players are not aware of is the restriction on bonuses they have when they use payment methods like e-wallets.
As we have already explained online casino deposits via e-wallets come with restrictions to welcome bonuses in many online casinos. Of course, e-wallets are a great payment method, just be aware of these restrictions if you want to take advantage of a welcome bonus.
Withdrawal Methods in online casinos
Winning money at the online casino is a great feeling and you want to be able to take money out from your casino account and into your bank account as soon as possible. Sometimes this is not as straightforward as it seems or it can’t happen exactly as you want. There are a couple of things that you need to keep in mind when it comes to withdrawing your winnings from an online casino.
Same payment method for deposits and withdrawals
The first thing that you need to be aware of when it comes to casino withdrawal methods is that in most cases you have to withdraw your winnings back to the same payment method that you have used for the deposit.
If for example you deposit £100 via a debit card and you win £500, then you can withdraw your winnings back into the same card you deposited from. You can’t register a different card and request a withdrawal into the new card.
This is also the case with e-wallets. When you deposit using PayPal for example, your withdrawal will go back into that PayPal account and not in a debit card.
The only exception to this rule is if you make a casino deposit via prepaid card vouchers like a Paysafecard. In that case, you will have to withdraw your winnings back to a Bank Account via bank wire.
Every online casino is following this procedure not because they want to make it hard for you to make withdrawals but to make sure that transactions are legitimate and even protect you.
If you have used a mix of payment methods then when you want to make a withdrawal, you may see a notification instructing you to divide your payments between two payment methods. This is because of the ‘net deposit’ policy that online casinos have. The split withdrawals approach is designed to help you manage your ‘net deposits’ without making you worry about it.
Net deposits are in place to help keep crime out of gambling. Put simply, whatever funds you deposit from a particular card or e-wallet, must go back to that same card or e-wallet.
Account and payment verification
Another thing that you should be aware of when it comes to payment methods is that the online casino will ask you to verify your account usually before you make a withdrawal.
The verification might require a copy of the front and back of your card with sensitive information like full card number and CVC to be hidden, a copy of a bank statement or even a copy of the vouchers you have used to deposit. If it’s a different payment method like an e-wallet they might ask for a screenshot of the transaction to the online casino.
This is absolutely normal and it is a standard procedure that all legitimate online casinos use in order to verify players accounts and make sure there are no illegal activities involved. Once you have sent the documents, it usually takes up to 72 hours to verify your account and then the money can be transferred to your account.
The deposit and withdrawal limits also vary by payment method.
Online casino payouts vary and casinos also have different kind of withdrawal limits which include:
- Daily Limits
- Weekly Limits
- Monthly Limits
But you will only have to bother about these limits if you win a very big amount. In that case, you will have to withdraw your winnings in a few instalments depending on the payment method limit and the casino payout limit.
Casino Payment Methods FAQ
All the casino payment methods we recommend on our page are safe and secure from debit cards and e-wallets to Prepaid cards.
E-Wallets are by far the fastest way to withdraw money from your casino account. Once your account is verified any approved withdrawals via e-wallets are instant. The second fastest payment method is debit cards with any approved withdrawals taking from 1-3 working days
No, you cant use a different payment method to deposit money into a casino and a different payment method to withdraw money from the casino. Any withdrawals will have to go back to the payment method they came from at least up to the amount that matched th initial deposit.