Top Online Casino Payment Methods for UK 2024
The online universe has many different payment methods for UK gamblers to choose from, but some may not be as sufficient as others or may be limited in certain important factors. If you are looking for the perfect payment method for your online gambling experience, consider our Casino Legends-approved casino banking methods below, as well as your own preferences.
How to Top Up Your Online Casino Balance
If you are looking to make your first online casino deposit to start playing slots or classic games, you should first head to the online casino’s cashier section to see which payment methods they support. Here, you will be presented with a few options, namely, debit card or e-wallet options, as well as prepaid cards such as Paysafe. Below, you will find all the information on how to choose the right payment method for you. If you have chosen your banking method, simply enter the amount you want to deposit and approve the payment. If you are using a debit card, you may be transferred to your banking app or online banking profile to authorise the payment.
What to Consider when Choosing a Casino Banking Method
If you have joined a Casino Legends-approved online casino and are now facing the decision of what banking method you want to use for your deposit and withdrawals of winnings, you should consider processing times, fees, limits, and, most importantly, safety. It is vital to remember that your decision may need to change later. If you have made a deposit using a debit card, you will be able to withdraw into your debit card as well. If you use an e-wallet or prepaid card, you will need to choose an alternative option. Another scenario would be a limitation on withdrawal and deposit amounts. Some banking methods may not be suitable for larger withdrawals. Furthermore, if you are looking for the perfect start with an online casino by opting in for their welcome bonus, you may need to use a specific banking method. Read the casino’s welcome bonus terms to establish whether your preferred banking method will suffice.
UK Online Casino Banking Method Times and Fees
Making an online casino payment does not require a long processing period. Generally speaking, online casino deposits are processed instantly when using a debit card, e-wallet, or prepaid card. This may change for each casino as different platforms will have their own processing times and banking terms. With the majority of Casino Legends-approved online gambling platforms, you will be able to have your deposits available immediately, except when using bank transfer, which is not widely accepted for deposits. Withdrawals, on the other hand, are only instantly available through a few methods, such as PayPal. This, however, can be different depending on the online casino you are withdrawing from. When it comes to fees, casinos generally do not charge you. However, your casino payment processor, e.g. PayPal, Skrill, or bank, may charge you a fee that is standard as with other secure casino transactions through the platform.
Top 11 Casino Payment Methods – In-Depth Look
Most online casinos provide their members with a vast variety of banking options for both deposits and withdrawals, yet some options may be better for your personal requirements than others. The banking options below are considered to be the Casino Legends top 11 options for safe, secure, and fast transactions to and from your online casino account, available to UK gamblers.
CASHlib is a one-of-a-kind voucher-based payment method that makes it possible to top up your online casino balance without the need to use a debit card. With this payment option, you have the same advantages as prepaid card options, which include secure payments without providing your banking details and make it easy to stick to your budget. The card uses a 16-digit voucher PIN code to authorise each transaction.
EcoPayz is a well-trusted e-wallet service which is accepted by many online casinos in the UK. Not only do they provide a reliable, secure, and fast solution for transferring funds to your online casino account, but they also provide other nifty perks. No fees are associated with making the payment; however, you may be charged to top up the EcoPayz account, which is on par with other similar services, including Neteller and Skrill. Deposits are usually instant, yet withdrawals may take up to 3 workdays.
Mastercard is by far one of the most widely accepted payment methods on par with VISA. Debit card payments make it possible for you to take part in most promotional offers from online casinos, provide instant deposits, fast ‘1-3 days’ withdrawal processing times, and fees that are only taken from your bank. It is important to consider that Mastercard credit cards are not accepted for online gambling; only debit cards are.
Neosurf is another prepaid card payment option available to online casino players in the UK, with the cards being available both online and from ground retailers. This method provides online gamblers with a safe and secure payment option for deposits but lacks in providing availability for withdrawals from your casino balance. As this option is only available for deposits, you will be required to add bank details to your casino profile to withdraw winnings.
Neteller has been operating as a trusted e-wallet processor for more than a decade and has grown to be a favourite e-wallet option among online gamblers in the UK. Being part of Paysafe, this banking option is extremely versatile. When choosing Neteller, you may have to pay additional, yet low, banking fees. However, the strong security measures that are put in place with transactions make it all worth it.
PayPal is by far the most widely accepted e-wallet for online casino payments and provides many benefits to look forward to, with great security and fast processing times. With PayPal, you can look forward to adding your bank account to your PayPal quickly and efficiently without outlandish fees or long processing times. In fact, PayPal offers instant withdrawals from online casinos. You should, however, consider that if you want to transfer the funds from your PayPal to your bank account, it may take an additional 3-5 working days.
Paysafecard is widely accepted throughout the UK and is known as the most popular prepaid card for those looking to make fast and secure deposits into their online casino accounts. If you would like to withdraw your winnings through Paysafe as well, you will be required to make use of a My Paysafecard account, which does not take a lot of effort to set up.
Skrill is available throughout 120 countries and was founded in 2001. With Skrill, you have an e-wallet service that gives you many different options to top up, including bank transfer, Paysafe, and Trustly. Furthermore, Skrill provides a 2 2-factor verification Authentication protocol for added security. As both an e-wallet and prepaid card, it is easy to top up and make payments to your casino balance as well as to withdraw your winnings. Withdrawals can take one day to clear after the casino has processed the payment.
Bank transfers are generally accepted for withdrawals from online casinos, but you may be limited in choice if you want to make use of this payment method. Some online casinos only provide bank transfers as an option for larger withdrawal amounts that may exceed debit cards or e-wallet maximum limitations.
VISA is a debit card option for both deposits and withdrawals to and from online casinos in the UK. VISA provides spectacular security, no fees, and is widely accepted by online casinos. When closely looking at a casino’s bonus terms, you may be surprised to see how many offers are bound to only being eligible for VISA and Mastercard options, making this one of the best deposit and withdrawal options from online casinos.
Visa Electron stands as a credit-free/overdraft-free debit card option from VISA. Visa Electron has the added benefit of two-step authentication in real-time for all online transactions and can be used for both deposits and withdrawals. Generally speaking, VISA Electron stands on par with other debit card options with instant deposits and up to 3 days for withdrawals.
Debit and Prepaid Card Online Casino Payment Methods
Debit and prepaid card options are by far the most popular banking methods in the world when it comes to online casino banking. If you are looking for the best debit or prepaid card option for funding your online casino balance, the options below should be at the top of your list. Always consider that to withdraw to a debit card, you would first need to deposit to the online casino with the same card.
Although credit cards may be one of the most popular payment methods for online gamblers around the world, it is not legal to use credit cards for online gambling in the UK. The UK Gambling Commission banned this payment method in 2020 due to it being a factor that can lead to significant financial harm.
Debit cards are by far the most popular online casino payment methods in the UK due to their widespread acceptance, safety, and efficiency. Most Casino Legends-approved online casinos add debit cards as a required payment method to qualify for certain promotions and bonuses. Debit cards accepted in the UK include VISA, Mastercard, Visa Electron, Maestro, and more. As a widely accepted payment method, you can expect fast processing time with instant deposits and withdrawals that may take 1-3 workdays to clear. It is also important to consider that debit cards may have certain limitations when it comes to withdrawals, in which case bank transfers will need to be used.
VISA is one of the most prominently used debit card casino payment options in the UK due to its high level of security and acceptance with most casinos. If you are looking for a reliable and sufficient debit card option that provides you with easy transactions, bonus eligibility, and secure transactions, then VISA is a good option. If, however, you do not wish to share your banking details with the online casino, you may need to opt for an e-wallet such as PayPal instead.
The Mastercard debit card banking option has a lot of the same transactional factors as with VISA, except for some differences in processing times and fees. Mastercard is widely accepted by most online casinos, and you can look forward to instant deposits without any fees and a highly respected mobile banking app to make your payments much more sufficient. It is, however, important to consider that Mastercard payments are, in some cases, concurred on a 2% fee for withdrawals from online casinos and could potentially take up to 5 workdays to clear.
Paysafecard is by far the most widely accepted prepaid card in the UK among online casinos. This prepaid card option is known for its improved security for online transactions and complete anonymity by not supplying banking details to the online casino. To use Paysafecard, you simply buy tokens of the value between £10 and £100, which are then loaded onto the prepaid card and can be used to make deposits or withdrawals. This is also considered to help with responsible gambling, as you can only use the amount that is on the card.
American Express – AMEX
AMEX is mostly known for their credit card options, which may not be used with online casinos in the UK. However, if you have a debit card version of American Express, you are legally allowed to make payments to online casinos, yet you may struggle to find an online casino supporting withdrawals to the AMEX. Furthermore, the 5-workday processing time for withdrawals is not considered sufficient by everyone.
Best e-Wallet Casino Banking Solutions
E-wallet services are considered to be among the most popular payment options among online gamblers due to their sufficiency. By making use of an e-wallet service, you will not have to share your banking details with the online casino, as the e-wallet stands as a middleman between your bank and the casino.
PayPal is known for being one of the most secure payment methods for online payments. Although PayPal is not acceptable throughout the world for online casino payments, the UK does support this popular payment method. The advantages of using PayPal include immediate availability of funds with deposits and withdrawals and no transaction fees.
Neteller is a popular e-wallet service widely accepted by online casinos. Neteller is also well known for its safety and security with 128-bit secure socket layer encryption with added 2-step verification. It is, however, important to consider that fees may apply when making withdrawals from your casino balance with Neteller. Transferring funds to your bank account with Neteller may take up to 5 workdays but may also take as little as one day to be processed, making some competitors more time-efficient with processing your withdrawals.
Your EcoPayz account can be topped up via your bank account for easy and sufficient online transactions. Paying with EcoPayz is safe and secure. Payments with EcoPayz are available for both withdrawals and deposits. Fees may be applicable with certain transactions, but you can look forward to fast withdrawals and instant deposits. Although you can use your EcoPayz account as a standalone e-wallet payment method, you can also load your EcoCard to easily deposit from your EcoCard instead of your bank account.
EcoCard is brought to you by the same company that owns EcoPayz. EcoCard stands for a prepaid card, and EcoPayz is an e-wallet. They may also have differences in card fees and limits for withdrawals from online casinos. Once your EcoCard is topped up with cash, you can use it the same way you would use a debit card for online casino transactions. As EcoCard and EcoPayz are partly owned by Mastercard, it is easy for Mastercard holders to make use of EcoCard to have an added buffer between their bank account and the casino.
PayNearMe is an e-wallet service that provides you with reliable banking if you are looking to deposit into your casino account. Withdrawals are not yet accepted with this banking method and are also limited to a few countries. The advantage of using PayNearMe lies in its focus on responsible gambling. You can only deposit money to your casino account that is already in your PayNearMe account and no more. The card can be credited with cash at participating stores.
My Citadel is an e-wallet service with all the usual electronic payment benefits intact and the added benefit of advanced spending tracking. My Citadel helps you track and budget your online casino spending to ensure safe and responsible gambling. My Citadel can either be linked to a bank card for easy transfers, or you can top up the account with your bank account. Furthermore, My Citadel is available from many online casinos, yet not as widespread as PayPal and Paysafecard.
Pay By Phone
Pay By phone does have its limits in deposit amounts and is not available for withdrawals, yet it is still one of the most popular UK payment options provided famously by mFortune mobile casino, making it easy to pay while playing from your mobile device. mFortune mobile casino also makes it more lucrative to pay with Pay By Phone with a reduced minimum deposit amount of £3. By using Pay by phone, you choose to deposit into your online casino account using credit from your monthly phone bill.
Bank Transfers are not as common to use for casino payments as they may include fees and take longer to process deposits as well as withdrawals. Yet, they play an important role in being able to make larger withdrawals if you win the casino jackpot or if you simply prefer receiving your winnings straight into your bank account.
Bank/Wire transfers are generally used as a withdrawal method if you have a large amount of winnings to withdraw from your casino balance. While this is a helpful option for getting your winnings in one payment, there are usually fees incurred from your bank as well as the casino. It is advised to only make use of bank transfer withdrawals when your withdrawal amount is more than the casino’s withdrawal limit for other payment options.
eCheck services are among the most secure options in online banking and can be seen as a digital cheque that is processed to the casino through your bank. With this option, you will need to provide the casino with your banking details, but there is no need to be wary of this as eCheck has good security. When you issue an eCheck, it will be handled by the ACH Automated Clearing House network. For the eCheck to clear to the casino, you will be required to supply the correct banking details. This is an extremely secure payment method, yet you will be required to wait up to 3 workdays for the funds to clear.
Although InstaDebit is not available to the UK market, it is still worth mentioning as a rising online payment method that is gaining popularity quickly for its efficiency. This Canadian casino banking method is well known for its fast processing time and the ability to track your deposits and withdrawals. InstaDebit is known as a bank-to-bank payment method yet beats other bank transfer methods by speeding up the time it takes to make withdrawals.
iDeal stands out as the perfect option for those who do not feel safe using an e-wallet yet want the efficiency that an e-wallet option brings. With iDeal, you simply transfer funds from your bank account directly to the casino, with the middleman ‘handler’ being iDeal. Furthermore, iDeal does not share your banking information with the online casino.
Other UK Payment Methods
The variety of banking methods available to you will depend on your country of residence, as other countries may include other options, such as credit card, which is not legal for gambling in the UK. As all casino banking methods have their own advantages and disadvantages, all mentioned options available are considered highly trusted, time efficient, affordable, and safe from online financial scams. It is, however, vital to select an option that suits your own individual needs if you are looking for a hassle-free experience. Other payment options than what is mentioned in this Casino Legends Approved payment methods overview will not be as sufficient or reliable. This is due to Casino Legends doing our due diligence in recommending all the most reliable options for the best online gambling experience with online casinos in the UK.
Conclusion: Most Popular Casino Banking Methods
When considering what the best online casino payment method may be, it’s vital to consider your own preferences in processing times, fees, and efficiency. Most players opt for an easy, no-hassle e-wallet such as PayPal or debit card. Each banking method has its own advantages, including bank transfer for larger withdrawals, debit cards for bonus eligibility ‘in some casinos’, PayPal for fast withdrawals, and more. Casino Legends believes in only recommending options that are reliable. Consider the best payment method for you by reading our top recommended casino lists for various banking methods.
What types of payment methods are accepted by online casinos?
Online casinos accept a wide variety of banking options that are used in e-commerce and with physical retail stores and service providers in the UK. Generally, when you join an online casino, you will have banking options, which include bank transfer, PayPal, other eWallets, and debit cards. Some online casinos may also provide you with a Pay By Phone option where you can pay from your monthly phone credit bill. This can be seen with the mFortune online casino that offers a smaller minimum deposit amount when using Pay By Phone.
Are deposits and withdrawals instant?
In general, deposits are almost always instant no matter what type of banking method you are using, with the exception of bank transfers, which usually take up to 3 workdays. Withdrawals are generally considered to be processed within bank days (1-3 workdays) yet can, in some instances, take up to 5 workdays. If you are looking for the fastest withdrawal method, then you can consider PayPal, which provides instant withdrawals, yet transfer from PayPal to your bank account may take additional processing time. It is also important to consider each online casino’s own terms regarding processing times, as some may have more efficient timeframes with payments.
Are there any additional fees for casino payments?
It all depends on the online casino that you are depositing or withdrawing from. Most online casinos that we recommend as Casino Legends Approved casinos do not have additional costs associated with withdrawals or deposits, with the exception of bank transfers. All other options, which include e-wallets, and debit cards, may have additional charges of their own as well as general fees from your bank. Larger amounts that are being withdrawn may also have additional charges depending on the casino and banking method used. Furthermore, there is no need to worry about tax fees associated with your winnings, as the UK does not charge tax fees for gambling wins.
Do online casinos accept foreign currencies?
Most online casinos are single-currency casinos and do not provide you with an option to play in a different currency than what your country of origin is using. In the UK, players are mostly bound to play with sterling pound but may also be able to play using Euro currency. Some online casinos may provide you with a chance to play with two different currencies but may be tied to their own banking terms, which will not be as profitable when ultimately withdrawing your winnings.
Are transactions safe and secure?
The importance of choosing a reliable online casino is vital to make safe and secure deposits and withdrawals. If you are looking for the safest way of making deposits and withdrawals, e-wallets (digital casino payments) are considered to be the most popular due to the anonymity factor of not having to provide banking details to the online casino. Furthermore, all Casino Legends-approved UK casinos are licenced and regulated by the proper authorities that guarantee sufficient banking security.
FAQ: Casino Payment
What is the processing time with casino deposits?
Processing time for deposits is generally instant but might not be available through bank transfer if the casino offers the option. Bank transfers and wire transfers usually take up to 5 working days. Furthermore, processing time will differ from each online casino’s payment terms and conditions.
What should I consider when selecting a payment method?
There are many important factors to consider before choosing your preferred payment method. Firstly, you need to consider whether your payment method will be processed quickly and whether any fees are associated with deposits and withdrawals. Some banking options may also have limitations in terms of minimum or maximum transactional amounts.
How do I make a deposit?
To make a deposit, you will be required to first register an account, log in to your profile, choose your preferred payment method, and confirm the amount and banking details you have supplied. Before you enter the amount that you want to deposit, be sure to consider the casino’s minimum deposit requirements.
What are the most frequent issues that may arise when making a deposit?
When you sign up for an online casino, it is vital to consider the banking methods they offer first, as they may not support your preferred method. If you have a specific banking method you want to use, read our Casino Legends banking method-specific casino reviews to find a casino that suits your transaction needs.
What to do if my card is declined?
Many factors may cause your card to decline when making a deposit or withdrawal. Firstly, it is important to consider that the UK Gambling Commission does not support credit card payments ‘’only debit cards’’, which may result in a declined transaction. Furthermore, your bank’s security measures, limits, and the wrong details supplied may also cause a transaction to be declined.