This goes double when you play at new UK casinos. These casino providers offer specific perks to players using particular casino payment methods. Often, new UK casino sites will have specific types of casino bonuses for players using E-Wallets. Online casino providers might also boast tailor-made promos for crypto gamblers or loyalty perks for credit card players.
In other words, casino payment methods have become such an integral part of gambling that they can be the difference between qualifying for a casino bonus or not. That means that the more you know about payment systems, the easier it will be for you to find that ideal banking option and then make the most of it.
And that’s where we come in. Read on to find out everything you need to know about the best casino payment methods and how to use them. Let’s start!
Online Casinos with Best Payment Options
If you want to play with a top-notch E-Wallet or prepaid card, you must find it first. That can be a problem because not all casinos have a wide range of payment methods. Some online casinos will only give you one or two deposit options, and that’s hardly ideal. To avoid this from happening to you, we advise you to play exclusively at online casinos with the best payment options. These casinos boast a wide variety of payment methods to choose from, meaning you will likely find your ideal banking option there.
Online Casino Sites with Instant Deposits
For casino players, the ideal payment option is very fast, preferably allowing for instant deposits. Fortunately, almost all deposit methods you can find at online casinos these days are instant. That means that your casino deposits should reach your online casino account immediately too.
Other than bank transfers which can take a couple of days to reach your casino account, all other deposit options are instant. In other words, a casino player who uses E-Wallets should get similar deposit speeds as one who uses credit or debit cards. That’s great news for casino players who want to play games and trigger bonuses as soon as they deposit.
Online Casinos with Fastest Payouts
Unlike deposits, payout speeds vary from one payment method to another. After the casino has processed your request, you have to wait for the payment system to do its magic. And that usually takes time. If you want this process to go as quickly as possible, you have to play at online casinos with the fastest payouts. These casinos promise instant to same-day payouts and allow you to pocket your winnings faster than regular casino providers.
But how can you find online casinos with the fastest payouts? The easiest way to locate a fast payout casino is to go with the online casino providers we list here. Our new casino list features lightning-fast gambling sites with processing times that will impress even the most sceptical casino players. These new casino operators utilize state-of-the-art online payment solutions that are miles ahead of the traditional banking options the competition uses.
Types of Casino Payment Methods
- Credit/Debit Card: American Express, Visa, MasterCard, Maestro, Revolut.
- Prepaid Cards: Paysafecard, Astropay, Entropay.
- E-Wallets: Neteller, Skrill, Apple Pay, Google Pay, MuchBetter, ecoPayz, PayPal, ADV Cash, Zimpler.
- Pay By Phone: Boku, Siru, Payforit, Airtel.
- Crypto: Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin.
- Bank Transfer: ACH (Automated Clearing House), Giropay, Trustly, BACS, POLi, iDEAL, iDebit, Interac Online, Western Union.
Best Payment Methods for Online Casinos
A quality payment option is not only a deposit and withdrawal method. It is also a gambling tool that experienced players can use to improve their chances of winning. This is most evident when you play with the best payment methods for online casinos.
However, not all payment methods suit all types of players. For instance, a casino high-roller will look for different payment options from a budget player. The low deposit limits of some payment systems such as credit/debit cards and E-Wallets can work wonders for players on a tight bankroll. They allow them to play the best casino games and rub shoulders with high-staking players without spending profuse amounts of money.
On the other hand, the high deposit and withdrawal thresholds of payment options such as wire transfers are ideal for high-stakes gamblers. These casino enthusiasts can benefit from bank transfer payments and their super-high limits for deposits and withdrawals and win big with one roll of the dice or flick of the wrists.
Let’s look at the different payment method categories available to players at online casinos and determine which one is perfect for you.
Credit/Debit Cards
Credit and debit cards such as Visa and Mastercard have been online casino payment options for as long as online casinos have been around. They were among the first casino deposit and withdrawal methods and had perks that make them ideal for players who don’t want to experiment too much when gambling. Here are some of the advantages of using credit cards at online casinos:
- Widely available at most casinos
- Players from any country can use them
- Instant deposits and withdrawals
- Low deposit and withdrawal limits
In a nutshell, credit and debit cards are excellent options if you are looking for a proven payment method with a well-established banking network. Moreover, you don’t need a unique introduction to learn how to use them, and the payment limits are pretty reasonable.
However, despite these advantages, players often turn to other payment option alternatives. They do this for different reasons. For instance, players sometimes want to remain anonymous when gambling and credit and debit cards are not the best in this regard.
Similarly, players looking for secure casino payments often avoid credit and debit cards. They do this not because the credit and debit card system is not secure. The opposite is true. However, players are worried they might reveal sensitive bank details to the wrong person when they enter the required information to make credit/debit card payments. So they go for payment methods that ask for less information, such as E-Wallet services or crypto.
E-Wallets
If you are looking for a payment method that is easy to use and asks you for nothing but an email and password when making a deposit, go with an E-Wallet. E-Wallets such as Neteller, Skrill, PayPal, and MuchBetter are excellent alternatives to the more traditional casino payment solutions like the bank cards we mentioned above. Moreover, they are often the preferred choices of experienced gamblers as they come with lots of advantages and only a few drawbacks.
Here are some crucial benefits of playing with E-Wallets at online casinos:
- Easy and straightforward to use
- The money arrives in your account instantly
- You don’t share card information
- Security is rarely an issue
- Top up E-Wallet with a variety of payment methods
- Mobile device friendly
As you can see, there aren’t many cons to using E-Wallets when gambling online. However, with so many E-Wallets out there, some disadvantages will inevitably creep up for most players.
For instance, Skrill and Neteller are excellent for gamblers, but they come with high transaction fees. On the other hand, when you are using Google Pay and Apple Pay, you incur barely any costs, which is excellent. However, you also cannot make withdrawals and cannot use your E-Wallet on all devices.
If you want to make the most of an E-Wallet, find one that suits your needs. You don’t want to spend a lot of money on transaction fees? Then avoid E-Wallets like Neteller and Skrill. Do you put deposit and withdrawal speeds above all else? In that case, there are not many options better than these two E-Wallets.
Pay By Phone
Do you want a deposit method that will allow you to play now and pay later? If you do, then you should deposit using a Pay By Phone billing service. Pay By Phone casinos let you deposit instantly with your mobile phone credit.
They also allow you to pay at the end of your billing period or your billing period. You only need to have a mobile phone number with a provider supported by the service, and you will be good to go. How great is that?
Instant fun and delayed casino payments are the main reasons players choose providers like Boku, Siru, and Payforit when funding their online casino accounts. Some other perks of these payment methods include:
- Deposit instantly
- Safe and secure
- Deposit limits are helpful for players on a budget
- No bank card or bank account needed
As you can see, if it is instant and straightforward casino payments you are after, Pay By Phone service providers are an excellent choice. However, as with most other payment options, they come with a couple of disadvantages you should know about.
One of the most significant drawbacks of using Pay By Phone services is that you cannot use them as casino withdrawal methods. Due to the nature of these payment methods, Boku, Siru, or Payforit customers can only deposit at casinos.
Another disadvantage is the existence of deposit limits. Limiting how much you spend might be a perk if you are a budget player. However, if you are a high-roller, these limits will soon become a nuisance and stand in the way of getting those vast winnings. That’s hardly ideal.
Prepaid Cards
Prepaid cards like paysafecard and AstroPay are great choices if you want to control how much you spend at online casino providers. When you use a prepaid card, you have to top it up with funds before playing. That means that you can keep track of how much you spend and avoid the risk of overspending.
Some of the other perks of using prepaid cards as online casino payment methods include:
- You can deposit anonymously
- Safe and secure – you don’t share card information
- You can fund prepaid cards with various payment methods
Of these three advantages, the ability to deposit anonymously appeals to players the most. When you deposit using a prepaid card, you don’t reveal your identity. The card is only an intermediary between your card-funding method (credit or debit card, for instance) and the casino site. That means that you don’t leave any sensitive financial information at the casino.
However, despite these advantages, prepaid cards come with a drawback that is difficult to ignore—funding limits. Because most prepaid cards come with a predetermined set of card denominations, they can limit how much a player can deposit. For instance, a £/£100 card will only let you deposit a maximum of £/£100 at a time. To deposit more, you will have to top up or purchase another card, which can be a distraction at times.
Crypto
Gone are the days when there were only a few online casino providers that accepted cryptocurrency payments. These days, most operators accept crypto casino deposits and process crypto withdrawals. And that’s great news for players as crypto gambling comes with tons of perks. Some of these include:
- Anonymous gambling
- Security of transactions
- Provably fair casino games
- Low fees
However, as with other payment method systems, cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have disadvantages. The most bothersome is that crypto transactions are not as fast as fiat currency ones, especially when making withdrawals.
As you might know, it takes some time for the blockchain network to process, sign, and verify a transaction. However, as long as that process is, it’s still not as long and protracted as bank transfers, for instance. That means players can easily live with the 10 or 20 minutes they have to wait for Bitcoin transactions to complete.
Another crypto drawback is that even though there is an increasing number of online gambling sites that accept cryptocurrency, there are still many of them that don’t. As a result, trying to find online casino providers that accept crypto can take you to fraudulent casinos regulated by gaming authority bodies with dubious credentials. That, in turn, can lead to a whole host of other problems, and you would regret looking for these sites in the first place.
To sum up, if you are looking to play at reliable crypto gambling sites, particularly new ones, always go with trustworthy casinos regulated by a reputable gambling authority.
Bank Transfer
If you are a high-roller, there’s only one option for you when choosing your ideal payment method. Wire transfers may be the slowest ways of transferring money from your bank to your casino account, but they come with the best limits, hands down.
When you compare wire transfer systems to other casino deposit methods, you will notice two things. First, you will realize that you can make much larger payments to your casino account if you use wire transfer as your payment method. For instance, if a debit card allows you to deposit a maximum of £/£5,000, a wire transfer method will let you deposit as much as £/£500,000.
The next thing you will notice is that you can withdraw amounts that are several times larger than the standard cashouts when you use the wire transfer payout option. For example, if traditional credit cards allow you to withdraw a maximum of £/£15,000, wire transfers let you ask for payouts in the region of £/£200,000 or more.
Some of the other advantages of using bank wire transfer systems include perks like:
- Easy to use
- You only need a bank account to make payments
- Available worldwide
- Secure deposit method with a proven track record
Wire transfers are at their best when you want to transfer money from one corner of the world to another and not worry about the security of your money. For instance, you can send funds safely and securely from your bank in New Zealand to another bank in the United Kingdoms. Wire transfers allow you to do this, and you don’t even have to use a mobile app or some E-Wallet to send your money.
Not the Fastest Payment Method to Send Money to Your Casino Account
However, there is also one massive drawback of wire transfers, and that’s speed. Lack of it, to be more accurate. Wire transfers are infamously slow and can take days to complete. The fastest casino wire deposit will take two or three hours, but you might have to wait for days for the slowest one to get to your casino account.
Wire transfer withdrawals can be agonizingly slow too. It can take anywhere between 24 hours and five days for a wire transfer withdrawal to reach its destination. To say that this situation is not ideal would be an understatement.
Best Payment Methods for Casino Bonuses
Casino enthusiasts often wonder whether all banking options can trigger bonuses with equal success. The answer is no. Not all deposit methods activate bonus offers. You have to read a promo’s terms and conditions first to find out which deposit method will unlock a promo and which won’t.
Most of the time, you have to pay attention when you use digital wallets like Neteller or PayPal. Unlike debit and credit cards, these banking options won’t permanently unlock a welcome bonus or a free spins promo.
Frequently, free spins bonuses or first deposit promos will say that digital wallet deposits don’t qualify players for a bonus. That means that players should deposit using credit and debit card or some other alternative deposit method if they want to trigger the bonus.
As a rule of thumb, always read the terms and conditions a bonus comes with before deciding the payment method you will use. Fortunately, most new casino bonuses come with easy to understand terms and conditions, so finding out which banking options trigger a bonus is not that difficult.
Best Payment Methods for Casino Games
You go to a casino site with a solitary goal – to play casino games and to win money while doing that. However, you probably don’t know that the payment option you use can also impact how much you play with and how much you win.
For example, if you are a budget player who plays predominantly on slots, almost all payment options will do. Except for wire transfers, of course. As we already mentioned, wire transfers are notoriously slow, meaning you might wait for some time before your deposit reaches your casino account. That’s not ideal if you want your money to be instantly available.
Moreover, budget players have almost no use of the high deposit limits wire transfers facilitate. In other words, if you bet moderate sums of money on slots or other casino games, you might want to avoid this banking option.
On the other hand, if you are a table games enthusiast and want to spend and win big, you should consider going with payment options to facilitate those large bets. Wire transfers, cryptocurrencies, and even some digital wallets are all decent options for enabling large table game bets.
Conclusion
There are many payment methods out there, and they all come with their unique perks. That means that the casino banking options that work perfectly for some players will not work well for others. As a result, you must locate the payment solution that works the best for you. Unfortunately, that is often easier said than done.
Once players find their ideal payment solutions, they rarely look back and try to find different banking options. The best payment systems allow players to deposit and withdraw instantly. They also guarantee the security of all transactions, are easy to use, and trigger all casino bonus offers out there. Pretty neat, right?
If you want to find your ideal casino banking option, we advise you to read our comprehensive payment systems guide. It has all the information you need and will show you which payment alternative is the right pick for you. Choose your preferred payment option now and start playing like a real pro.
FAQ
What payment methods are available at online casinos?
You can choose from a variety of payment methods when you play at online casino providers. These include credit/debit cards, E-Wallets, cryptocurrencies, bank transfers, Pay By Phone options, etc.
How do you pay for online gambling?
You can fund your online gambling using various casino deposit methods. Online casino operators accept Visa, Mastercard, American Express, Skrill, Neteller, PayPal, Bitcoin, Ethereum, and most other payment methods.
Do casinos accept PayPal?
Yes, they do. Most online casino providers accept PayPal payments and send you your winnings in the form of PayPal withdrawals. PayPal is a casino payment method that's widely accepted, and using it at gambling providers is a breeze.
What is the best online casino payment method?
E-Wallets such as Neteller, Skrill, and PayPal are the preferred online payment methods for many players. However, that doesn't mean that they will also be ideal for you. To find your best online casino payment method, decide what you want from a banking option, pick one of the methods we have provided, and take it from there.
