Casino Payment Methods in the United Kingdom

Credit and Debit cards

Due to the financial system’s structure nowadays, there is hardly anyone who doesn’t own at least one credit or debit card. But that’s understandable. This is the most widely used payment method, valid for online gambling. But are people using this payment method because they can easily access it? Let’s learn more.

Why Are Credit and Debit Cards Used by Gamblers?

Undoubtedly, one of the reasons so many players decide to use credit and debit cards for their casino transactions is that they already have this option set up, and they only have to provide their bank card details to execute a transaction. However, that’s not the only benefit of using this payment method in online casinos. For example, in the United Kingdom, you probably won’t find a single online casino that doesn’t accept credit or debit cards payments. And as players understand that, they have the complete freedom to choose which online casino platforms they want to play, which is a significant benefit.

But aside from that, using credit and debit cards is a straightforward process that doesn’t require much effort. So why not take advantage of this? When paying to an online casino with your credit or debit card, you must fill in all the required details and potentially do two-factor authentication. The process will usually take minutes the first time you use your card and a few seconds afterward as your details are remembered in the casino’s system. How easy is that?

Payout Duration

The duration of your payouts and deposits is also integral to your gambling experience as a player. But this is not something you will have to worry too much about when using credit or debit cards. With these, all deposits will be instant, while the withdrawals will take you between 1-3 business days to get processed. Of course, this period varies and depends on your bank and the types of online casino payment methods on your platform.

Available Options

Regarding the different credit/debit card providers you can use, the opportunities are limitless. Of course, among those are the most famous Visa and Mastercard, but you can also choose American Express or Discover. These are available among numerous UK banking institutions like HSBC, Barclays, Lloyds Banking Group, NatWest Group, Santander UK, and many more.

Pros & Cons

eWallets and Prepaid Cards

Almost every player you know will have a bank card for gambling transactions. However, this is not always optimal if you don’t necessarily want to be connected to the particular online casino you want to play in. That’s where another fantastic online casino payment methods will come in handy. And these are the eWallets and Prepaid cards. Both will provide an additional layer of security as you won’t have any connection to the online gambling platforms.

Why Are eWallets and Prepaid Cards Used by Gamblers?

There are quite a few reasons why eWallets and Prepaid cards are a preferred option for most gamblers worldwide, especially in the United Kingdom. They are quick and easy, most UK online casinos accept them, and you don’t have to own anything like a bank card to use them, for the most part. On top of that, there are some specific UK casinos where you can enjoy exclusive eWallet or Prepaid card bonuses. Although that’s not all that common, it’s still something you can exploit if you are looking out for these offers in particular.

As for the security of these payment methods we mentioned at the beginning, they are pretty popular among UK gamblers because they are created in a way so that the individual making the transactions themselves is not revealed to the online gambling platform. The only information the online casino access is the number of the transaction for prepaid cards and the number of your wallet when it comes down to eWallets.

Pay-Out Duration

The pay-out duration is one of the crucial elements of every gambler’s strategy. Quick is always better when it comes to online casino payment methods, and sometimes sluggish operations in this section can demolish an online casino’s reputation. But the pay-out duration is not something you will have to worry about, at least when using eWallets. Prepaid cards are only available for deposits in the UK.

The standard withdrawal time for eWallets varies between 1-2 business days, depending on the type of your online casino. However, for the most part, you can withdraw your funds in less than 24 hours. The only thing to keep in mind here is that this timeframe covers only the transaction to your eWallet, and you will have to make an additional payment to your bank card or account, but this is usually done in minutes.

Available Options

The UK is one of the countries where you can enjoy an extensive selection when it comes to eWallets and prepaid cards. Of course, if you don’t like a particular service provider, you always have a suitable replacement you can use. Still, even if this is true, most eWallets do a great job regarding online gambling transactions. The most popular eWallets options in the United Kingdom include PayPal, Skrill, Boku, and Apple Pay. Each comes with unique features, quick payments, and various interfaces, so you should choose the one that makes the most sense for you specifically.

Pros & Cons

Pay by Phone

At first glance, payments through your phone might seem like too much of a hassle when you have the opportunity to use reliable bank cards and eWalllets. But what if we tell you that the pay by phone method is even quicker and easier to use than the ones we mentioned above? It might seem surprising, but this is the case in many instances. Of course, this payment method has various solid and weak sides so that we will uncover them below.

Why Is the Pay by Phone Options Used by Gamblers?

Numerous veteran gamblers flood the scene online, not knowing what to look for or even how to fully use online payment methods like eWallets or bank cards. Thus, many individuals like this often struggle to enjoy the fantastic perks that the online gambling experience comes with. Interestingly enough, in the last few years, the pay by phone feature has been developed and has already become quite popular among gamblers in the United Kingdom.

But that’s not a surprise at all. Out of all the payment methods you can use for gambling online, the pay by phone feature is the most straightforward to use by a mile. The deposits are processed using a unique code from the online casino, and all due payments appear on your phone bill next month.

You don’t need any additional financial instruments to make pay by phone transactions to your online casino, which is one of the most attractive perks for gamblers in the UK. The only downside of the pay by phone feature is that it’s still not available for withdrawals. However, according to various sources, this will be resolved in the future.

Available Options

Currently, the pay by phone feature is available only in two formats for UK gamblers. These are the so-called Boku and Payforit. Both come with low minimum deposit thresholds, which makes them perfect for beginners.

Pros & Cons

Cryptocurrencies

Cryptocurrencies are the hottest new financial instrument everyone is talking about right now. For some, this is the future of money, while others are just taking advantage of the fantastic perks and benefits these digital currencies provide. Whatever the case may be, one thing’s for sure – they are perfect for online casino payment methods. In the following lines, we will cover everything you need to know about how cryptocurrency transactions slot perfectly into the online gambling sector.

Why Are Cryptocurrencies Used by Gamblers?

Not many people understand how cryptocurrencies work. But once you get the hang of how they operate, it’s pretty easy to find their logic. At their core, cryptocurrency payments happen between users connected to the same digital currency network called the blockchain. Each digital currency has its blockchain network that the holders of this cryptocurrency use.

The incredible benefits include almost instant transactions and one of the most advanced security you can use for any payments online. So, what does that mean for the average gambler in the UK? Naturally, once you prepare to use cryptocurrency transactions, you will actively take advantage of one of the best payment methods in the online gambling industry.

Pay-Out Duration

One of the best perks of cryptocurrency transactions is that they are almost instant. Well, this is nothing new for the online gambling industry regarding deposits. However, the situation is entirely different regarding withdrawals. Generally, UK players will have to wait between 1-3 days on average for their winning to hit their account. But if you are using cryptocurrencies, this period will be reduced to a few minutes at most, depending on your network.

Available Options

Cryptocurrency payments are still relatively new, even in the best online casinos in the United Kingdom. You can use only some of the most popular, like Bitcoin, Ethereum, Litecoin, Cardano, Ripple, and more. However, this payment method will continue to grow in popularity, and you can freely use dozens of other cryptos for transactions in various online casinos across the UK.

Pros & Cons

Conclusion

The United Kingdom is one of the countries with the most gamblers worldwide. That said, it’s only natural for players to have an abundance of payment methods they can use in the various online casinos across the country.

Whether you prefer security, quick payments, or physical payments above everything else, there will always be a payment option that aligns perfectly with your preferences.

Of course, we have already covered some of the most famous casino payment methods you can use in the UK, but even this is just a fraction of all the options you can exploit to enjoy your online gambling experience to the fullest.