Key Features of UK Online Casino Payment Methods
How to get funds into and out of an online casino account is one of the first considerations to make when registering. Not all platforms offer the same payment methods, so it is worth checking what
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is available, especially if using anything other than a debit card.
There is plenty of choice however in this area, which is a good thing for customers. But what are the most common payment options that are available at UK online casinos? What advantages and disadvantages do the different payment options have?
There are, for example, casinos that accept PayPal for UK customers, but at the same time they may be limited when it comes to other third-party e-wallet solutions. Many casinos don't have the PayPal option available at all, so it’s an area that requires investigation first.
Security
Making an online payment to a casino platform should be a secure and easy process. Part of that security comes through playing at a licenced and registered site, as there is an overseeing body keeping a check on things like security and fairness of play. Transactions are secured by encryption like 128-bit SSL which means that payment details are scrambled before being sent to the operator.
Cards and Banking
The most commonly used payment option at online casinos are bank cards and standard banking options like transfers and wires. Those are all highly secure, but what is most commonly found with these types of payments is slower processing times.
That is due to the checks and systems that the banks themselves have in place to meet regulations. Another feature of bank transfer payments is that it is usual to see the option have a higher minimum deposit than other methods.
This, again, is down to the banking practices themselves. But all of that is balanced by what is seen as the most secure options to make deposits to a casino account with.
PayPal
PayPal is a popular option, which is usually done through a linked debit card on the PayPal account. That means that PayPal acts as the middle-man to make a payment to the online casino account, which comes with a big security benefit.
By using PayPal you don’t have to submit any of your actual payment details to the operator. Unlike using a bank card for example, where you will need to supply the card number, all of that is kept away from the online casino account, because PayPal doesn’t send it.
Skrill, Google Pay and Apple Pay
Among the biggest e-wallet payment solutions are Skrill, Google Pay and Apple Pay. Skrill is the most widely accepted of them and operates in multiple currencies as well. Google Pay and Apple Pay are slightly more limited in convenience, due to the type of device that you are using.
Neteller
Another of the major global payment platforms, Neteller operates through a digital wallet. Neteller is a fast, secure and reliable option for online casino deposits. It’s widely available for secure transfers between users and merchants, but not always available for withdrawals.
Paysafecard
A good option for players who don’t want to supply online payment details. Paysafecard is first loaded with cash at retailers, which then issues a voucher code. That voucher code is used to make an online payment. The drawback is that Paysafecard can’t be then used for withdrawals.
BOKU
BOKU is a mobile phone payment system, which is only available on selected carriers and not particularly common at online casino sites. BOKU doesn’t need any banking or card details, it will simply credit the account by charging your phone billing account or mobile wallet.
CashtoCode
Another option for a deposit that does not require any bank or card details. Generate a pay code at the online casino, then go and visit any PayPoint outlet and scan that generated code to pay the amount. It will then automatically add the funds to the casino account.
Trustly
Trustly is integrated with banks so offers a secure platform for funding casino accounts and can be quicker than direct banking options. Trustly allows customers to make payments from their banking account without the need for a card or even an app.
Other Options
There are many other payment options at online casinos, like Payz and MuchBetter that add to the variety of options that players have available. It is possible to have more than one payment option on an online casino account.