Online Casino Payment Methods
There are a variety of payment methods available at online casinos, but the methods available at each site depends entirely on the casino itself. In addition to that, each payment method can take a different amount of time to process in or out of your casino account.
If you’re wondering which payment method is right for you, you’ve come to the right place. This handy guide explains the various payment methods offered at online casinos, their processing speeds and much more.
Payment Methods at Online Casinos
Most modern-day sites offer several online casino payment methods. They can include credit and debit cards (Such as VISA, Mastercard and Maestro), several forms of e-wallets including Neteller, PayPal and Skrill, as well as pre-paid cards such as Paysafecard. Bank transfers are also sometimes offered along with the ability to pay by phone bill. While browsing different casino sites you may also notice that they offer international payment methods that can only be used in other countries. These include Zimpler, NeoSurf, Nordea, iDeal, GiroPay.
Also, it’s important to note that some payment methods may only work for deposits or withdrawals, such as pay by mobile phone bill.
Difference Between Transactions on Desktop and Mobile
Mobile sites tend to offer a smaller section selection of payment methods compared to their desktop counterparts. Generally, there are four main casino deposit options at mobile casino sites. They include:
- Mobile Depositing
- Credit/Debit cards
The payment methods available on mobile casinos work similarly to those found at desktop casinos. The only difference you may encounter is that some casinos may restrict you from depositing large amounts. Although we haven’t experienced this ourselves, we’ve received complaints on how other casino players were required to deposit smaller sums of money when on mobile.
However, it’s important to remember that most online casinos impose a restriction on the amount of money you can deposit in one transaction anyway. For example, PlayFrank limits players to depositing between £20 – 10,000 while Mr. Play asks users to deposit anything between £10 – 4,500.
Pay by phone is a hugely popular casino deposit option for many people. Essentially, it allows you to charge your mobile phone bill as payment. This means that the money you deposited will be added to your phone bill at the end of the month or the deposit is deducted from your available phone credit. It’s all done in a matter of clicks, making this one of the easiest payment methods available.
You’ll also find that depositing money at mobile casinos is quicker if you use the official app associated with that method. For example, directly using the PayPal app to deposit money into your online casinos rather than using the casino’s website or app.
REMEMBER: It can be easy to deposit regularly and forget about the money spent until your phone bill arrives at the end of the month and gives you a large shock. It’s a good idea to keep an eye on how much you’re depositing, regardless of whether the money comes out of your account the same day or at the end of the month.
When it comes to withdrawing money at a mobile casino, you have four main online casino payment methods. They include:
- Bank Transfer
Withdrawals at mobile casinos generally work in the same way as those at desktop casinos. Depending on the casino’s rules, you’ll most likely be limited to the amount of money you can withdraw in one transaction or per day.
However, one big difference is that certain payment services may charge you fees for withdrawing money from a mobile casino. For example, PayPal, a popular e-wallet service, charges a 3.4% transaction fee plus 20p of the amount you receive for withdrawing money from a mobile casino.
It’s never been easier to deposit at an online casino. On both mobile and desktop, you only have to navigate towards your account, select the casino deposit option you wish to use, type in your details and the amount you’d like to deposit and then click the confirm button. That’s it; depositing couldn’t be simpler.
Depending on the method used, the money should be available immediately for you to use. To find out how long each payment method takes to show up in your casino account, just take a look below.
Most Popular Deposit Methods
Casinos that accept PayPal, generally referred to as PayPal Casinos, are some of the most popular in the online gambling industry due to the payment method’s quick processing speed. The service, which was founded in December 1998 by Elon Musk and Peter Thiel, is supported in more than 200 countries and is known for being the go-to payment method on eBay. However, it’s only recently become accepted at online casinos.
To deposit at a PayPal casino all you need to do is sign up with PayPal and link it to your bank account. Then, when you’re logged in you simply need to click the PayPal button in the deposit menu. From there, you enter how much you’d like to deposit and then log-in with your PayPal account to confirm the transaction.
Players love using PayPal casinos because you can make deposits and withdrawals quickly. Using the e-wallet also means that you don’t share any personal information with the casino, making it one of the safest payment methods available. What’s more, PayPal doesn’t charge any fees for depositing money into an online casino. However, it does charge a fee for international payments, so when you sign up to a casino, make sure you’re depositing into the same currency as your PayPal account.
Debit and Credit Cards
Debit and credit cards are also a hugely popular online casino payment method. They’re heavily secured, easy to use and offer speedy payments so it’s no wonder so many people are using them. Debit and credit cards are probably the easiest payment method to use to deposit money as you simply need to add a card. The casino does the rest and remembers your card for future use!
To add a card to your online casino and to deposit money, just follow the steps below:
- Head to your account and click the logo of your credit or debit card issuer
- Enter the long number on the front of the card
- Enter your name exactly how it’s displayed on the card
- Enter the expiration date and billing address
- Enter the amount of money you wish to deposit
- Enter the three-digit CVV code on the back of the card
- Click the submit button
Anytime you want to deposit money, all you need to do is select your card from the deposit methods and follow steps 5-7. While making a deposit, some banks will ask you for a special pin or code that you will need to enter in order to complete the transaction. Following this, most deposits appear instantly in your casino account. It all depends on the bank you’re signed up with. For example, HSBC promises to handle all payments within a two-hour time frame.
If that doesn’t sound appealing yet, then you’ll be happy to discover that some casinos offer special bonuses or rewards to people who deposit with their debit cards due to a reduced risk of chargebacks, meaning a lower administration cost to the operator.
Regarding safety, even though you’re sending personal information through the internet, safety isn’t usually a concern. This is because most online casinos use HTTPS which secures your information, such as your debit card number, from third-parties with 256-bit encryption, the same software used on banking websites in the UK.
NOTE: Should you ever be a victim of online fraud, report the incident to ActionFraud, the UK’s national fraud and cybercrime reporting centre.
There’s one downside to using a debit card. When using them, unlike credit cards, you’re unable to spend more than you have. For example, if you want to deposit money today but don’t get paid until tomorrow, your transaction will not work. While this can be annoying, we believe it’s a critical security issue that will stop players from going over their limits.
*September 2019 Update* In mid-August, the UK Gambling Commission launched a 12-week consultation on credit card use at online casinos. As part of the consultation, the UK Gambling Commission is looking to ban gamblers from using credit cards at online casinos. You can find out more here.
Pay By Phone
We’ve already mentioned mobile depositing above. Pay By Phone is a popular online casino payment method that allows players to add their deposit totals to their monthly phone bill or to deduct the deposit total from players’ phone credit. Currently, the United Kingdom is one of the few lucky countries to allow this method, so why not take advantage of it?
Casinos that offer the service partner up with Payforit, a payment method that enables you to buy online digital content at online casinos. The service is jointly owned by 3, EE, O2 and Vodafone, four of the UK’s largest network operators. Another Pay By Phone service is Boku which has proven to be hugely popular. Unfortunately, it can be difficult to find a Pay By Phone online casino. If you’d like to find an online casino that accepts this payment method, just click here.
While many people are hesitant to try Pay By Phone services, most realise that it’s one of the best and safest casino deposit options. The fact that most network providers support it means anyone can use it as long as they’re based in the United Kingdom.
Other Casino Deposit Options
There are still even more online casino payment methods you can use to deposit money at online casinos, including e-wallets such as Skrill and Neteller and pre-paid cards like Paysafecard.
Skrill is very similar to PayPal. It’s all done over the internet but doesn’t share any of your personal information with the casino. Founded back in 2001 under the name ‘Moneybookers’, the e-wallet service was re-branded and launched as Skrill just several years ago.
To use the service, you simply need to load your Skrill account with money and send it to merchants (Online shopping sites or casinos). While Skrill is used around the world and accepts users from the United States, the US’s Unlawful Internet Gambling Enforcement Act of 2006 bans US citizens from making deposits or withdrawals to online gambling merchants.
It’s easy to set up a Skrill account ready for use with an online casino. All you need to do is the following:
- Visit the Skrill website and click the ‘Open a free account’ button
- Fill in the form, sharing your full name and email address
- Create a secure password
- Done. That’s it!
Once that’s done, you simply need to click on the Skrill logo when depositing money into your casino account, enter the amount you wish to deposit and click the submit button. Skrill then processes the payments instantly, usually within minutes. Unfortunately, you’ll find that Skrill may charge a 1.9% fee for deposits, which may put some people off from using the method regularly.
It’s also important to note that Skrill is one of the safest payment methods available as it features 2-factor authentication, an extra layer of security which requires a person’s username and password as well as something that only the user has access to at that particular time. This can be in the form of a code sent to their device or another piece of similar information.
Neteller is another e-wallet service you can use as a casino deposit option. Founded in 1999, Neteller is now available in over 150 countries and allows you to transfer funds quickly, easily and without sharing personal information.
Like Skrill, it’s easy to set up a Neteller account, just head to their website and register. Once that’s done, you should deposit money into the Neteller account and then select it when you wish to deposit money into your casino account. That’s it!
The e-wallet is one of the fastest online casino payment methods, processing your deposit within a matter of minutes or hours, just like Skrill. Unfortunately, similarly to Skrill, Neteller may charge a small fee of anything between 1-5% for depositing money.
Pre-paid cards is another casino deposit option that can be used to send money into your casino account. Many people use pre-paid cards because they’re highly secure and do NOT require registration or verification of any kind. There are several types of pre-paid cards you can use, they include:
- Reloadable cards: This type of pre-paid card can be reloaded whenever its balance is used up. These cards can only be topped-up at participating retail stores using in-hand cash, debit cards or other account methods cannot be used.
- Disposable cards: Also known as pre-denominated cards. These are bought at retail shops but have a one-time monetary value and cannot be topped-up or used again.
- Virtual cards: To use this type of pre-paid card, you must register with a service such as EntroPay or EcoPayz and deposit money into your card via a bank transfer or with a credit or debit card. Using this method is similar to using a debit card as you’ll have to enter the virtual card’s number, expiration date, three-digit CVV number as well as your name. The good news is that you’re not sharing your actual debit card information with the casino.
Some of the most popular pre-paid card services include Paysafecard, EcoPayz and EntroPay. However, one downside to using pre-paid cards is that they have a fixed monetary value which can restrict the amount of money you can deposit. To transfer more with this method, you’ll have to either top-up a reloadable card or purchase a brand new disposable card.
Withdrawals work similarly to deposits as most casinos use the same method you used with your last deposit. For example, if you used PayPal to make your last deposit, the withdrawal will automatically go back into your PayPal account. The only exception is when you’ve used a method that your registered casino doesn’t allow for withdrawals. To withdraw, all you need to do is:
- Head to your account and click on the withdrawals button
- Enter the amount of money you wish to withdraw
- Depending on the method being used, enter any personal details required
- Click submit and you’re done!
The significant difference between withdrawals and deposits is the amount of time it takes for a withdrawal to process and appear in your bank account. Depending on the method, this could take as long as a day or even a week.
The timeframe for withdrawals generally depends on the online casino payment method being used and the casino you’re registered at. Some casinos aim to process withdrawals within a few hours speeding up the first part of the process. After this, you’ll simply have to wait for the money to reach you.
However, other casinos don’t process withdrawals that quickly which can delay the entire transaction. In addition, casinos that offer weekend payouts are more likely to have faster withdrawals as you won’t be forced to wait until the next weekday for your transaction to be processed.
Generally, the quickest methods for transactions are e-wallets such as PayPal, Skrill and Neteller. They tend to process withdrawals within a matter of hours and winnings are paid to you within a couple of days. Debit and credit cards take longer as they face more extensive processing. It also takes longer for the money to reach your debit or credit card since casinos need to deal with banks.
Most pre-paid cards cannot be used for withdrawals. However, you may find that certain services such as Paysafecard may accept withdrawals, it just depends on the individual casino. When you withdraw via pre-paid cards, they provide you with a voucher code which you can then use to transfer the funds to your card. This is rare and it’s unlikely that casinos will allow you to do this.
Withdrawals through bank transfers take the longest time to process as you may have to wait several business days before receiving your money. However, this is all dependent on the online casino.
Under rules from the UK Gambling Commission, anyone who registers at an online casino will need to verify their casino account. Until this is done, you will be prohibited from depositing, playing games and withdrawing. To verify your account, you simply need to provide the online casino with documents. The documents required will be listed in our in-depth casino reviews.
Online Casino Payment Methods: Our Top Three Favourites
The Safest Online Casino Payment Method
We’ve mentioned above that PayPal casinos are incredibly popular for depositing and withdrawing. What’s more, PayPal is also one of the safest online casino payment methods to use since you’re not providing the online casino with any of your personal details. In fact, to withdraw or deposit money using PayPal all you need to do is log in with your PayPal account.
Since most casinos use the same method you used to deposit for withdrawals this is usually done automatically for you, requiring you to only enter the amount you wish to withdraw. As mentioned above, PayPal does charge a fee for receiving payments, but only from a mobile casino. Depending on the sum of money and the casino you’re registered at, PayPal casinos process your transactions within hours and payments are sent back to you within a few days. You can find out more here.
Debit or Credit Cards
The Easiest Online Casino Payment Method
Debit cards are also a popular online casino payment method for withdrawing and depositing money and we believe they’re the easiest to use. To make an online casino payment with your debit or credit card, you just need to navigate to your account and add your card, providing the casino with all the required information.
Unfortunately, withdrawals via credit or debit cards take longer than using PayPay or other e-wallet services. While most casinos process debit or credit card withdrawals within 24 to 49 hours, you’ll still have to wait up to five business days for the money to reach your card, and that can be too long for some users.
Skrill and Neteller e-Wallets
The Fastest Online Casino Payment Method
You can also use e-wallet services such as Neteller and Skrill to withdraw or deposit money. To do this, you simply need to create an account with either of the two e-wallets and sign in when depositing or withdrawing at an online casino. Deposits appear instantly when using e-wallets and withdrawals are generally processed instantly once requested. After this, the money should return to you within around two business days.
Unfortunately, Skrill may sometimes charge a fee to deposit and withdraw money. However, this is always started and you are notified before confirming the transaction.
Withdrawals: How Online Casino Payment Methods Can Vary
The time it takes for withdrawals to fully process and reach you can vary depending on the casino and how they process transactions. As mentioned above, some online casinos don’t allow weekend payouts, which means if you land a win late on a Friday, Saturday or Sunday it may not be processed until the following Monday, delaying the entire payout.
In addition to that, some casinos may process certain methods withdrawals faster than other casinos, which can be great for players.
What They Say
Betfred Casino states on its website that withdrawals, including those from Skrill and Neteller, take up to 48 hours to be processed. After this, each method takes a different amount of time to reach your bank account. For example, withdrawals through debit cards take up to three days to reach your bank account. Meanwhile, a user from the AskGamblers forum stated that their e-wallet withdrawal was paid in under 24 hours after it was processed.
One user on the CasinoMeister forums recalled how Rizk Casino paid their withdrawal within minutes after they messaged a customer service agent. The user, named CasnoNinja, used Trustly for the withdrawal. Despite accepting the payment method, Rizk doesn’t list Trustly as an accepted withdrawal method on its UK website. What’s more, a customer support advisor from Rizk informed us that withdrawals via Trustly take 2-5 business days to reach your account after being processed, a stark difference to the timeframe CasinoNinja experienced.
Another user from CasinoMeister recalled their experience withdrawing from Risk and Casumo. The user, named colinsunderland, requested two withdrawals from Rizk through Skrill. The two withdrawals were paid within 11 hours of requesting them. Rizk Casino, however, states on their website that payments made via Skrill are paid “instantly”, though it seems it took somewhat longer on this occasion.
Meanwhile, colinsunderland’s withdrawal of £400 with Casumo took exactly 23 hours to appear in their Skrill account, despite Casumo stating on their website that the payment is “instant” following approval. Shortly after, colinsunderland requested a withdrawal of £1,000 with Casumo via Skrill and it reached him in under 15 minutes. In addition, another user named interlog withdrew €1,000 via Skrill in under 10 minutes.
Several users also spoke on their experiences with Betway. A user named Jono777 claimed that they had made several bank account withdrawals ranging from £1,000-1,200 with the casino, all of which had reached her bank within 3-4 days. According to Betway’s official website, however, bank withdrawals take 1-2 business days to reach your account, meaning Jono777’s withdrawals took much longer than they should.
The CasinoMeister website also reviews casinos and tests out their payout speeds through various methods. Testing Betway’s payout speeds, the site found that withdrawals through Neteller took as little as 30 hours (Just over a day) while their longest Neteller withdrawal took over 106 hours (Around four days) to land in their accounts. Meanwhile, their debit card withdrawal was paid within 70 hours (Almost three days).
CasinoMeister also tested 32Red’s payout speeds and found that withdrawals through Neteller took around 40 hours to reach accounts following approval. However, their longest withdrawal using Neteller took well over 80 hours (Over three days). Meanwhile, 32Red withdrawals made via VISA debit cards took 62 hours (Over two days), withdrawals made via PayPal took 11 hours and withdrawals made through EcoPayz took just over 5 hours.
The site also reviewed All British Casino’s payout speeds and found that Neteller withdrawals took over 70 hours (Almost three days), Skrill withdrawals took between 14-24 hours and that VISA debit withdrawals took 24-72 hours (Around three days).
Looking at the above, you should now be able to understand that casinos process their payouts differently. In fact, many customers noted that a casino can process a large withdrawal within hours but take days to process smaller withdrawals.
The future of making online purchases
While it may seem that the rules regarding online casino withdrawals are getting tighter by the day, new technology may actually make withdrawals easier and quicker while following laws and rules from the UK Gambling Commission or Malta Gaming Authority.
Swedish online casino Spela has become popular in Sweden and Finland as it allows players to make deposits and withdraw money without having to register at the site. Instead, the casino uses Trustly as their payment processor which is linked to 19 different banks. After selecting a bank, the casino prompts users to share their personal identification number (Similar to the UK’s National Insurance Number of the US’s Social Security Number) which is verified with BankID.
Banks issue BankIDs to the people of Sweden and Finland. It can be used by the police, companies and other organisations to verify a person and can replace login details and other forms of verification. In fact, it’s so safe and secure that it can be used to make payments for almost everything.
Currently, the UK has no system in place like this. While the UK does have National Insurance Numbers, they’re really only used for tax purposes. However, it’d be great to see a company launch a BankID-style service in the UK someday. Who knows, it may come soon than we think.
UPayCard is a new e-wallet that allows you to make online purchases, transfer money and withdraw funds securely and quickly. To use UPayCard, you only need to register and open a free account. Physical cards can also be purchased, but these act more like pre-paid cards as you need to transfer an amount of money onto them before using them. What’s even better is that UPayCard can act as a crypto wallet too, allowing you to send, receive and buy in different cryptocurrencies.
UPayCard is incredibly safe and features various fraud prevention methods to keep you and your personal information safe. Like most other e-wallet services, however, UPayCard can charge a small fee for deposits and withdrawals.
Currently, most online casinos do not accept UPayCard as a valid payment method, it’s expected to land at several casinos over the next few years.
While online casino payment methods vary drastically between casinos, we can only recommend that you deposit and withdraw using e-wallet services. They have proven to be the fastest form of payment available for both deposits and withdrawals. They’re also incredibly secure, so you won’t have to worry about your personal information or funds.
To finish off, we’ll also suggest that you carefully read through the terms and conditions of each casino and visit their dedicate payment pages to find out what their estimated payout times are. And if you’re ever in doubt, remember that you can always contact a customer service advisor who will be more than happy to help.