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 to UK players.
Best Casino Payment Methods
Let’s have a look at the best casino payment methods by category. Of course there plenty more payment methods but on this page, we are focusing on the ones that are universal and are available in most countries and also fulfil our criteria to be considered the best casino payment methods.
These are the main criteria that we have used in order to shortlist these banking methods:
- How easy it is to register and use that payment method for a casino deposit and withdrawal
- Is that 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 super secure payment method and you can can find this banking option in every online casino. Debit cards deposit are 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 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 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 my 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.
Popular e-wallets are Neteller, Skrill and PayPal with the last one being the most popular one. Check out the best PayPal Casinos.
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. It is accepted in many UK online casinos.
|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 more casino payment methods for the UK include Apple Pay and Bank Transfer while there are also even more for various countries outside the UK like Eps, Euteller, Instadebit, Poli, Safety Pay, Sofort, Giro Pay, Neosurf and Todito Cash. These deposit and withdrawal methods depend on your country of residence and the online casino.
Deposit Methods in online casinos
One of the biggest advantages of joining a new site is the Welcome Bonus waiting for you. But you have 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 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.
What you need to be aware of thought 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 debit card and you win £500, then you can send that money back into the same card you deposited from. You can’t for example 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.
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.
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