Online Casino Banking Methods
Choosing a casino with trusted payment options is vital for quick deposits, fast withdrawals, and minimal fees.
Don’t know which to use to play at online casinos? We’ve got you covered. This online casino banking guide provides the lowdown on trusted payment and withdrawal methods, a comparison of casino banking options, and tips on how to choose a payment method that best suits you.
Banking Methods Accepted by Online Casinos in the UK
Luckily for you, there are various trusted online casino banking methods to choose from. Scroll down to learn more about each option.
Credit and Debit Cards
As of April 2020, the UK Gambling Commission has prohibited the use of credit cards in online casinos. However, debit cards remain a popular and viable option for funding your account. The most commonly used debit card brands in UK online casinos are Visa, Mastercard, and American Express (now offering a debit card option).
Visa
Depositing at an online UK casino using a Visa debit card is easy. When registering, simply select Visa as your payment method and enter your card details, including the card number and CVV. This setup makes future deposits straightforward – just enter the amount you wish to deposit and confirm.
You might occasionally need to authenticate the transaction via a code sent through a phone call, text, or your mobile banking app.
Mastercard
Mastercard operates similarly to Visa. If you initially chose a different payment method but wish to switch to Mastercard, log into your casino account and select Mastercard as your new payment option. After entering your card details, specify your deposit amount and complete the transaction.
As with Visa, certain transactions may require additional verification as per your bank's security procedures.
American Express
Known primarily for its credit cards, American Express introduced a debit card option in 2022. This payment method functions just like Mastercard and Visa, offering a trusted and straightforward way to manage your casino funds.
Paypal
PayPal is a popular choice for online casino transactions. Most web-based gambling operators don't charge fees for deposits or withdrawals using PayPal, making it a cost-effective option.
Be mindful that PayPal may impose a small fee for transferring funds to your bank account, and credit card top-ups incur a charge of 3.4% + 20p for UK customers. The high level of security and fraud protection features offered by PayPal make it a favoured choice for many casino players.
Skrill
Skrill is widely accepted in most casinos and is known for its secure transactions. Although there is a 1.9% transaction fee and a 2.9% charge for credit card deposits, Skrill's security measures often outweigh these costs.
Skrill also offers a loyalty programme called Knect, rewarding frequent users with points that can be exchanged for cash.
Neteller
Neteller is another commonly accepted e-wallet in casinos, with a fee structure similar to Skrill, including a loyalty programme. Standard account holders face a 2.99% money transfer fee, while True account holders enjoy a reduced 1.45% charge.
Receiving money via Neteller is free, making it a practical option for withdrawing winnings from online casino bonuses.
Payz (Formerly Ecopayz)
Payz, previously known as Ecopayz, is a widely used e-wallet with a variable fee structure. Bank deposit fees range from 0-7%, credit card deposits cost between 1.69 – 2.9%, and withdrawal fees vary between £1 and £8.
As e-wallets gain popularity, it's anticipated that Payz fees will become more competitive, making it an increasingly attractive option for no deposit casino players.
Apple Pay
With an increasing number of Apple Pay casino sites in the UK iGaming market, this method is known for its simplicity and efficiency. Apple does not charge fees for using Apple Pay to fund your online casino account, although the gambling provider may have minimum withdrawal fees.
Zimpler
Zimpler allows you to make transfers using your phone number by charging your debit/credit card or phone bill. Casinos accepting Zimpler offer fast, easy, and secure payments, making it an attractive option for mobile-savvy casino players.
Boku
Boku is another mobile payment method that uses your phone number for transactions. Like Zimpler, Boku casinos give you the option to charge your phone bill or debit/credit card for funding your gambling account, adding an extra layer of convenience.
Payforit
Some online casinos accept Payforit, allowing you to fund your account using your phone bill. However, it's important to note that Payforit cannot be used for cashing out your winnings.
Klarna (Sofort)
Klarna, also known as Sofort, offers fast and secure transactions without the need for an e-wallet. Available in several European countries including the UK, Sofort uses advanced authentication processes and unique Transaction Authentication Numbers (TAN) for each transaction, making it a safe choice for online casino deposits.
Google Pay
Google Pay casinos provide a vast range of games and are fully licensed. However, it's important to remember that Google Pay cannot be used for withdrawals, functioning more like a voucher or prepaid card.
Giropay
Giropay enables instant deposits directly from German bank accounts, offering a simple and secure payment process. However, currently, it is not accepted by UK casino sites, which may limit its usability for some players.
Paysafecard
Paysafecard is a prepaid card that allows you to load a specific amount of funds, typically up to £100. Using the card number, you can make deposits at Paysafecard casinos. It also offers a digital wallet feature to store your credit card information for contactless payments at physical casinos.
Trustly
Formerly known as InstantBank, Trustly simplifies transactions by storing your data, enabling fast and easy casino deposits and withdrawals.
MuchBetter
MuchBetter is an app-based global e-wallet offering low transaction fees for e-gaming. It allows you to confirm transactions directly from your phone, streamlining the payment process for online casino players.
Neosurf
Neosurf is another prepaid card available at numerous retail shops across the UK. While it's convenient for deposits, it's important to note that Neosurf cannot be used for withdrawals from your casino account.
Pay By Phone Bill at Online Casinos
Pay by Phone is a convenient method where transfers are made using your mobile network provider. This method adds the deposit amount directly to your monthly bill, eliminating the need for manual transfers. While it's a straightforward payment method, tracking your spending can be challenging, and it doesn't support withdrawals.
Can You Use Cryptocurrencies at Online Casinos in the UK?
You can’t use cryptocurrencies at online casinos in the UK. Online casinos in the UK don’t accept cryptocurrencies like Bitcoin or Ethereum because the anonymous nature of cryptocurrency transactions can make KYC (Know Your Customer) checks difficult.
As a result, UK gambling sites interested in accepting cryptocurrencies must obtain prior approval from the UK Gambling Commission - something that all online casinos have failed to do so far. That said, there is a way to legally circumvent this.
For instance, Neteller account holders can easily convert their cryptocurrency assets into pounds to play real cash casino games online.
Additionally, Neteller can be used to convert your winnings back into Bitcoin, Ethereum, or other cryptocurrencies.
Other Popular Payment Methods at Online Casinos
Many new casino sites embrace a variety of trusted payment methods. Here's a look at some of the popular ones:
How to Pick The Best Online Casino Banking Methods for Bonuses in Three Steps
Choosing the right banking method is crucial for a seamless and rewarding online casino experience. Here are three essential steps to guide you in selecting secure, cost-effective, and bonus-compatible banking methods.
Step 1: Prioritise Security
Security is paramount. Opt for trusted payment methods like debit cards, e-wallets, or pay-by-phone options, regulated by the FCA (Financial Conduct Authority). These methods ensure your transactions are safe and reliable.
Recommendation: Research the security credentials and user reviews of any payment method before using it.
Step 2: Choose Low-Fee Options
Maximise your bonus value by selecting banking methods with low or no transaction fees. This ensures you get the most out of your bonuses without extra costs eating into your winnings.
Pick providers that offer instant deposits with minimal fees for the best value.
Step 3: Ensure Bonus Compatibility
Not all payment methods qualify for casino bonuses. E-wallets like Neteller or Skrill are sometimes excluded. Ensure your chosen method is compatible with the bonuses you aim to claim.
Tip: Align your banking choices with casinos that cater to your preferred payment methods. Check our curated lists of casinos offering special promotions for specific banking methods.
Casino Deposit Methods Compared
| Casino Deposit Methods | Payment Provider’s Deposit Limits (Daily) | Fees for Deposits | Recommended for | Be aware |
|---|---|---|---|---|
| Visa | £15,000 | 0.20%-1.85% | High security | Slower deposits than the average |
| MasterCard | £15,000 | 0.5% | High security | Doesn’t always accept gambling transactions |
| Bank Transfer | Depends on your bank | 0%-3% | High Security | You must check if your bank allows casino payments |
| PayPal | £1,500 | 2.9% | Mobile app available | High international fees |
| Skrill MoneyBookers | £1,000 | 0%-3.99% | Higher deposit limits as you advance your account level | Fees depend on the recipient’s bank |
| Neteller | £20,000 | 0%-2.5% | High deposit limits | Fees for Neteller Visa transfers reach 2.5% |
| Apple Pay | No limits | Fees depend on your bank | Very fast mobile payment | It cannot be used for casino withdrawals |
| Pay by Phone | Limits depend on your phone company | Fees depend on your phone company | Instant casino deposits you can pay later | It cannot be used for casino withdrawals |
| Boku | Limits depend on your phone company | Fees depend on your phone company | Instant casino deposits you can pay later | It cannot be used for casino withdrawals |
Casino Withdrawal Methods Compared
| Casino Payment Methods | Payment Provider’s Withdrawal Limits | Payment Provider’s Withdrawal Processing Time | Fees for Withdrawal | Extra Security Options | Recommended for | Be aware |
|---|---|---|---|---|---|---|
| Visa | It depends on the bank | 3-5 business days | 0.20%-1.85% | PIN | Low fees | Slow withdrawal processing |
| MasterCard | It depends on your bank | 3-5 business days | 0.5% | PIN | Low fees | Slow withdrawal processing |
| Bank Transfer | It depends on your bank | Up to 1 business day | 0%-3% | Confirmation of payee | Available in most UK online casinos | International transfers may take up to 5 days |
| PayPal | £7,500 | Up to 1 day | 2.9% | One-time PIN | Available in most UK online casinos | High international withdrawal fees |
| Skrill MoneyBookers | It depends on your account status | Up to 1 day | 0%-5% | PIN | Chargeback protection available | High withdrawal fees |
| Neteller | £20,000 | Up to 1 day | 0%-2.5% | Two-step authentication | High withdrawal limits |
Casino Banking Methods: Find Casinos That Accept Your Preferred Method
Now you’ve compared your options, check out our dedicated pages for online casinos that accept trusted payment methods and get exclusive bonus links: