Online casinos have made great strides to provide many different payment options that are not only fast… but offer secure banking transactions to UK players.
When it comes to banking options at an online casino, there are a number of ways to fund an online casino account, as well as to withdraw winnings… or receive payouts on winnings. I consider it very important to know which options are available for both deposits and withdrawals. Each online casino will offer a variety of options, and before deciding where to play it is essential to do some research.
There are many online casino payment methods UK players can use to fund their account, but generally, I have discovered they fall into three categories:
Electronic Wallet (eWallet) Method
This online casino deposit method allows you to use your credit card or bank account to fund your online casino money. Neteller is one of the fastest, most secure financial leaders for UK casino players.
Skrill was founded in 2001, branded as Moneybookers originally, and then later rebranded as Skrill in 2013. UK players can find a large range of Aussie Friendly online casinos that accept Skrill as a way to fund their online casino accounts.
Skrill is based in London, and is an inexpensive, fast, reliable, and highly secure global payment solution that accepts several funding options.
There are only a couple of disadvantages using this method, and that is the processing time. Generally, it can take up to 4 days for the account to reflect deposited funds, and money transfer deposits can take even longer.
If it is possible for you to make a sizeable deposit once a month, instead of smaller deposits randomly during the month, you will not notice the time it takes for deposits to reflect in your Skrill account as much. You can also choose to have your Skrill account automatically funded through their recurring payment facility.
The disadvantage of using Skrill as a funding method, is that Skrill withdrawals can take up to to 7 days for the funds to reflect, and often go through tedious verification processes.
Neteller was founded in 1996, and is a well-established and highly trusted British-based eWallet. Because of its eWallet status, it is considered a digital account UK players store funds, and then transfer all or some of the deposited funds into their account at an UK Friendly online casino.
Many UK-Friendly online casinos accept Neteller as a payment option that provides highly secure processing using firewalls and 128-bit SSL (Secure Socket Layer) encryption, which guarantees safe transactions for UK players when funding their online casino accounts.
The only disadvantage to using Neteller, is that unless you have a Net+ Prepaid Card, withdrawals take up to 5 days to reflect in your account. For withdrawals using Net+ Prepaid Card, funds are instantly credited.
PayPal is one of the most popular ways for UK players to fund their online casino account. Once a PayPal account is established, all that needs to be done is to link any number of bank accounts and/or credit card accounts that will be used to add funds to a PayPal account. Upon adding funds to a PayPal account, UK players can breeze through online casino transactions, and also benefit from not having to divulge credit card details… which provides an extra layer of security.
The only disadvantage using PayPal is the 10,000 AUD transaction limit.
Headquartered in Vancouver, Canada, Citadel Commerce launched Instant Banking in 2000, and is a highly trusted payment processing service that has proven to be most reliable for UK players.
Instant Banking provides UK players the ability to fund their online casino accounts using funds from their bank account. Citadel Commerce adheres to strict policies and procedures regarding Know Your Customer (KYC) wherever Instant Banking is offered.
There is only one disadvantage for this payment method, and that is the web-based version isn’t supported by all affiliated banks. This requires anyone whose bank is not supported to install the ‘Payment Assistant’ application.
One of the fastest and most secure deposit methods at online casinos. Some of the best online UK casinos accept credit cards like Visa and Mastercard, and there are several benefits to making deposits using credit cards.
These Benefits Include:
- Most UK online casinos increase credit card limits over time.
- Credit cards are an acceptable way for UK players to fund online casino accounts.
- Fast and secure online processing for Aussie friendly online casinos.
Visa Credit Card Company was founded in 1958, in Fresno, California. Since that time it has grown to be the biggest credit card company in the world, and Visa Credit Cards can be used at every UK Friendly online casino today.
Visa is one of the most trusted payment options UK players can use to fund their account at an online casino. Visa Credit Card Company provides their card users with fraud detection, protection, and prevention services.
The disadvantages to using your Visa Credit or Debit Card is that you enter the information directly into the casino cashier, which is then stored into the casino database. This makes your sensitive data more vulnerable to compromise.
Paysafecard was founded in 2000, and is an easy way for UK players to fund their online casino account. The pre-paid card is available for purchase at thousands of retailers internationally, and can be used at any UK Friendly online casino accepting PaySafeCard as a deposit option.
Paysafecard provides complete anonymity, because there is no need to provide any personal details to use the service online.
The only disadvantage to using this funding method is that you have to actually go to a retail outlet to purchase the voucher.
EntroPay was founded in 2000 by the founders of a financial service called Ixaris Systems, Ltd. It is similar to a pre-paid card account, except that you are instantly given a Virtual Visa instead of having to leave the comfort of home to purchase a card and load it with cash.
UK players can use EntroPay to make online casino deposits wherever Visa is accepted, therefore this payment system is accepted globally at UK Friendly online casinos. Just load funds onto the Virtual Visa using a regular credit or debit card.
The EntroPay Virtual Visa gives UK players easy access to their funds, and provides the ability to send and receive money online with just a few clicks, for less-restricted online payments and withdrawals. This method is a safe and convenient option for you to instantly send and receive money.
The disadvantages of using EntroPay are the 4.95% processing fee when funding with your credit or debit card. Bank or money transfers are free, however it takes up to 5 days for the funds to reflect in your account.
Diners Club was founded in 1950 by Frank McNamara, and is accepted anywhere MasterCard is accepted.
Diners Club started out originally as a revolving charge account, which would require members to settle their bill at the end of each month through their credit account. This service has evolved into one of the most recognized financial services, and staying true to the original conditions, cardholders are still required to settle their account back to zero every month.
Because Diners Club can be used wherever MasterCard is accepted, UK players will have no trouble finding an online casino allowing them to use Diners Club to fund their account.
The disadvantage for using Diners Club is that there are high transaction fees and the annual fees are expensive as well.
MasterCard Credit Card Company was founded in 1966, and since that time has continued to build a solid reputation throughout the world by providing their credit card customers with secure and speedy transactions. MasterCard is accepted globally, and is an available deposit option for UK players at any UK Friendly online casino.
The disadvantages to using your MasterCard Credit or Debit Card is that you enter the information directly into the casino cashier, which is then stored into the casino database. This makes your sensitive data more vulnerable to compromise.
Direct Money, Bank Transfer & Wire Transfer
This method allows UK players to make a wire transfer from their bank account to the casino of their choice.
Bank and Wire Transfers are probably the safest way for UK players to process an online transaction, because there is no sensitive transaction or personal data transmitted over the internet.
A Bank Transfer is also commonly referred to as a Wire Transfer or an Electronic Funds Transfer (EFT). The Wire Transfer is a safe means of transferring money in an instant to an online casino. Not only are the funds guaranteed… the identity of the bank account holder is confirmed and verified.
The disadvantages here is that Bank and Wire Transfers can take up to 5 days, and sometimes even longer, to become available in your online casino account.
Banking Method Processing Fees
For depositing, there are generally no processing fees applied by the online casino, however this does not ring true for the withdrawals. Each casino will vary slightly regarding withdrawal processing fees. I suggest that you check this information on the specific casino website you are considering, when deciding the best withdrawal method for you. If you need help, contact a customer support agent through the live help feature that is almost always available to you 24/7/365.
Other Online Banking Methods
There are many options out there when it comes to online gambling payment methods and we have listed the cream of the crop. Read through the various reviews, which were all compiled via first-hand experience by real players just like you, and see which one suits your needs. Some of the companies specialize in helping players from specific regions, while others have a global presence. You can rest assured that whichever payment method you ultimately decide to choose from our list on this page the company that handles your casino deposits and withdrawals is reputable, dependable, and secure.