Deposit Methods
The best online casinos in the UK are equipped with a selection of familiar and instant payment methods. In many cases, players are able to deposit funds without having to open additional accounts.
Here are some of the most popular deposit methods in the country, so you can start playing and earning those sweet winnings from casino bonuses!
Debit Cards
Card providers, such as Visa and Mastercard, are well-known amongst online casino players. Easy and quick to use, they allow you to deposit funds and start playing in just a few seconds.
To get hold of a debit card you would need to have an account with an issuer. This can be a bank, eWallet provider, or another type of licensed institution. To use the card, you simply need to enter the card number and other details.
It is important to note that in the UK it is now illegal to deposit casino funds using a credit card.
Some of the pros of using cards are:
- Easy to use
- Instant transfer
- Free
- Widely accepted
Cons of using cards include:
- Sharing your casino activity with your card issuer
- Withdrawals can be slow
eWallets
eWallets were partly developed to provide the online casino industry with a quick and convenient alternative to support payments. Today, providers such as Skrill, Neteller, and MuchBetter, continue to offer a straightforward way to deposit and withdraw online.
To start using your eWallet you will need to create an account. Verification is not necessary until you surpass a certain threshold. You would normally fund your eWallet account through cards, bank transfers, cryptocurrencies, other eWallets, or another method. Fees are applicable when funding or withdrawing funds.
Some of the pros of eWalelts include:
- Instant transfer
- Widely accepted
- Quick withdrawals
- May offer bonuses when used
Cons of eWallets include:
- May be expensive to use
- Can be ineligible for use when claiming casino bonuses
Payment Vouchers
Payment vouchers, such as those offered by Paysafecard or Neosurf, are a convenient way to convert cash into digital currency. You can buy these vouchers from a number of retail outlets in the UK. They are also available for purchase online.
Unlike debit cards or other casino payment methods, vouchers cannot be topped up. This means that once you use them you can throw them away. Whilst some vouchers let you place multiple deposits as long as you have a balance, others can only be used once.
The main pros of payment vouchers are:
- They eliminate the risk of hackers accessing your bank funds
- You can buy them using cash or cheques
- They hide your casino activity from your bank
- They are an instant and easy to use payment option
Some of the cons associated with payment vouchers include:
- No way to recover funds if you lose the voucher
- No option to withdrawal unless you open a linked account
Instant Bank Transfers
Bank transfers were one of the first forms of online payments. Although they are reliable, they are oftentimes slow and expensive. Instant bank transfer providers, such as Trustly, changed this.
To use Trustly, you will need to have an account with a bank that is in the provider’s network. You will also need to register a Trustly account, which you will log into to complete your casino payment.
Some of the benefits of instant bank transfers include:
- You do not need to have multiple banking accounts
- Transfers are fast
- User friendly
- No additional cost
Disadvantages of instant bank transfers include:
- Not as common as other payment methods
- Your bank will be able to view your casino activity
Cryptocurrencies
Cryptocurrencies are quickly becoming a favourite payment method amongst online casino players. Secure, quick, and relatively anonymous, they provide freedom from banks and other financial institutions. However, it is also difficult to get help if you become a victim of a fraudulent transaction. Many new casinos have started using them.
Online casinos in the UK are welcoming cryptocurrencies in ever greater numbers. Bitcoin, Ethereum, and Litecoin are just a few of the main coins that are commonly supported. In some cases, you can benefit from superior or exclusive bonuses when opting to pay by crypto.
Some of the key benefits of paying with cryptocurrencies are:
- Secure and decentralised
- Take advantage of enhanced player bonuses
- Relatively low transfer costs
- Provide oftentimes instant transfers
There are some cons to cryptocurrencies. These include:
- Basic technical knowledge is required
- Buying crypto with GBP can be expensive