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Table of Contents
Introduction to Online Casino Payments
A casino’s payments are one of the first things UK players look at before signing up. While there’s no doubt that it must be secure and private, users also strive for convenience. And with over 30+ payment options available for making deposits or cashing out, it would be a stretch to argue that they are all reliable.
This is where betkingcompare comes to the rescue, further down the page, you can read about how we have researched payment methods for the best casinos online – or you may use the TOC to navigate to the section of your choice. Hint: you can find more than 200 free spins on this page.
Not only that, but if you’re new to the gambling world, you will also learn to make safe deposits and fast withdrawals from your casino account so let’s get started.
How do Online casino payments work?
Payments in the casino world work identical to your regular payments. If you have paid for anything online, you will be fine while topping up your online casino account. And here,we’ve listed out the process really explaining how casino payments work online. As we dig deeper to explore the best methods for deposit and withdrawal, time is taken per transaction, hidden charges, and of course bonuses.
Making a deposit
Depositing money from your casino account is a simple 6 step process. Even if you have no prior experience, you will find it a piece of cake. So to top up your account and grab the welcome bonus, follow this simple step by step process:
When you visit a casino, the first thing is to register yourself with it. It will require your email address and a strong password.
Go to your cashier section, click on deposit, and enter the amount you wish to deposit.
If your casino requires any Bonus codes for the bonus, you have to enter them now in the promo code or bonus code bar.
After filling in the numbers and UK Casino Bonus codes (if any), you have to choose a deposit method and enter the credentials they ask for.
Once you select your desired deposit method, it will take you to its interface, where you have to fill in the required details.
Confirm the details and click pay. After that, you will get redirected to your casino automatically, and your funds will get reflected almost instantly.
Low Deposit Casinos
While the minimum deposit limit remains between £10-£20 for most UK casinos. There are a few good Low Deposit Casinos, offering players to deposit as low as £1, £3 & or £5 and start playing. The only drawback of Low Deposit Casinos is that you will mostly not qualify for the Welcome bonuses on £1, £3, or £5 deposits.
Withdrawing your winnings is more straightforward than depositing itself and takes almost half the time. Sometimes even a couple of clicks, if your casino remembers your payment data. Here are a few simple steps you can follow
Go to your cashier section, click on withdraw, and enter the amount you wish to withdraw from your account
Select the desired payment method.
Now you will be redirected to your Payment platforms interface where you have to fill in your credentials.
Click confirm after filing in the details and credentials. Depending on what method you choose and how much the casino’s processing time is, you will get the fund reflected.
Usually, processing takes 0-2 days in every casino. However, Cards and Bank transfer withdrawals take up to 5-7 days after processing. So, keep that in mind when choosing them while withdrawing your money. As for the withdrawal limits, they range from as low as £5000 per month to Unlimited withdrawals at casinos like Mr play casino
Generally, withdrawals are free to make in every casino, but if a casino has a limit on the maximum number of withdrawals, they will charge an extra fee. Here is what UKGC has to say about this:
So, if you make multiple small withdrawals or withdrawals less than your full deposit amount, the casino has the right to charge you the processing fees incurred on those withdrawals.
Best UK Casinos with Fast withdrawals
Experts at Betkingcompare made it easy for you to choose the best UK casino that caters for a solid payment structure for its users. Below is the list of best casinos that offer the soundest and most secure payment methods in the online gambling world.
With multitudes of payment options available at your disposal, choosing can be troublesome. But that could be taken care of if you know the type of payment method that matches your needs. That’s exactly what we help you decide next.
No other platform gives you the speed of the transaction e-wallets can, It’s only through e-wallets you can make instant deposits to your online casino account. The withdrawal time is equally as fast in PayPal casino UK. when compared to more orthodox options.
In fact, when you compare casinos that accept Skrill with other UK casinos, you will notice significant differences in terms of privacy. These E-wallet platforms are highly secure and regulated. For one thing- they have multi-factor authentication which simply means that no one else can make payment with your account except you.
Another such e-wallet platform that highly appeals to punters is Netteller. Allowing you to fund your Netteller casino account in a variety of ways including Bank Transfers, Card payments, and Cryptocurrencies. Almost every top-rated online casino allows you to grab all of their welcome bonuses and promotions through e-wallet payments.
Score daily free spins no deposit needed, take them for a spin on Book of Dead, use Paypal for a fat deposit and finish it off with a big win on Lightning Roulette
New UK customers only. Opt-in required. 1x per customer. Free spins on Lucky Mr Green only. Max. 50 free spins at £0.10/spin with 35x wagering. Spins expire 72 hours from issue. Game, country, currency, player restrictions and terms apply.
VISA Master and Paysafecard
Cards and Bank transfers are the most traditional way of funding your online casino account. Debit cards revolutionized payments ever since they came into existence. Companies like VISA and Mastercard have to be credited for simplifying the process through their quick and safe gateways.
There’s also an unorthodox payment method that is the safest of all the cards; Paysafecard. One of the reasons why UK players are choosing Paysafecard casinos more and more.
It’s a voucher with a 16 digit unique PIN encrypted and engraved on the back of it that you buy from a local vendor. And then you just enter the PIN on the checkout page after choosing Paysafecard as a deposit method and you will get your Paysafecard casino account funded right away.
Here is a casino with Paysafe card withdrawals
Select from more than 3.000 online slot machines, presented to you through good user experience, in a user-friendly platform.
Hands down the biggest buffet of Slot machines and Live games you will find anywhere in the UK online casinos. Video slots not just have the quantity but the quality too.
Play responsibly. Full T&C’s Apply. 18+ BeGambleAware.org.
Pay by Phone bill
Pay by phone is the only credit method available in the online casino world after the prohibition of Credit cards by the UKGC. This method allows you to Play now and Pay later. Pay by phone is the perfect choice for all the casual players, low rollers, and first-timers.
Almost every network service provider in the United Kingdom supports pay by phone, be it Vodafone, EE, Three, or O2. Not only that but Pay by phone bill casinos in the UK give out welcome bonuses on these payments. Lately, there has been a noticeable surge in the demand for third party pay by phone apps and websites like BOKU or Payforit too.
Mainly because it requires no card details, bank account or e-wallet logins to make deposits and the money will not be reflected in your bank statements. UK players have started to pivot in this direction making Pay by phone gambling a reality in today’s world.
Applies only to new depositing players. 18+. Minimum deposit: £10. 35x Wagering requirement applies to match up bonus. Spins credited in specific games. Spins expire after 24 hours. The wagering requirement applies to spins. Terms and Conditions apply.
Cryptos became mainstream around 2018-19 and ever since anyone who wants to go off-the-record while making payments uses Bitcoin in his/her online casino account. They’re so versatile that you can do anything with Bitcoins that you could do with your traditional currency.
UK Bitcoin casinos are encouraging crypto by including deposits made through them in all the welcome bonuses and promotions. So, you have every reason to use your Bitcoin wallet. Especially since Bitcoin’s are the only wallets that give you the privilege of being anonymous in your transactions as the transactions you make will be untraceable.
However, Untrackable does not constitute a lack of security. Paying through coins is considered one of the safest options for any type of payment. In fact, Bitcoin payments are faster and have low transaction fees as compared to E-wallets.
Make your first Bitcoin casino deposit here
An easy interface coupled with an attractive welcome bonus and enjoyable game selection makes BoVegas contend for the elite spots.
A decent selection of games and rewarding welcome bonuses coupled with an elaborate VIP program. Bovegas has its basics right!
Play responsibly. Full T&C’s Apply. 18+ BeGambleAware.org.
Pay and Play
What do you do if you want to enjoy betting but don’t want to create an account on an online casino? You can do what hundreds of thousands of punters do– Visit casinos accepting Pay and Play & start betting on slots without loosing out on any welcome bonuses. Online gambling couldn’t get any simpler than that.
Trustly casinos UK will let you wager on any game you want, without making a casino account. You can withdraw even the winnings whenever you wish. As a result, you don’t risk giving away information to anyone, satisfy your betting cravings, and fill up your bank account. Pay and Play casinos have got loads of traction in recent years for their simplicity.
Simply deposit and start playing at this UK casino
Quickspinner has entered the online gambling world with a bang. Rewarding bonuses, fun games and fast payments make us for what is an exciting new aspire casino.
The casino will keep you hooked with dedicated free spins bonuses during the entire week
18+. New players only. Min deposit to claim the welcome bonus: £10. Spins and bonus wagering requirement: 35x, spins expire after 24 hours.
How do we review online casino payment methods?
While listing out UK’s best online casino reviews, we focus on casinos that are trusted for their security, variety, and quality of payments. For that, we make all the casinos we list go through a gargantuan multi-step screening process. Casinos that are found not up to the mark get listed out.
And we are so excited to share the methodology we use for every payment method we list in our reviews. Let’s start:
The first thing that we consider is the safety of your money and if any payment method isn’t safe, then it is of no use. That’s why we try different payment methods and check them for their security and safety.
We make sure to encourage only those payment options which have high success rates of transactions. Such payment methods have dedicated customer support available for you 24×7 in case any failure in payment happens. This means that you are secured all the way around.
While testing the security of a method, things like the level of encryption and multi-factor authentication are considered here at Betkingcompare.
2. Bonus & Promotion
Hunting for the best UK welcome bonus usually involves making sure that the bonus doesn’t exclude deposits from a specific payment option. That’s why every payment option listed on Betkingcompare will always be there in the green zone of the welcome bonus when you make your first payment after signing up.
Not only that, even in the subsequent payments, those payment methods will get you all the promotional benefits in your free daily spins casino.
3. Mobile Casino
Convenience plays a big part in your gaming experience. And compatibility with the best UK mobile casinos will always be a strong plus in favour of a payment method. In order to make it smoother everything must happen on the tip of the fingers. Every single payment option we review is simple, sought-after, and easy to use.
The majority of UK casinos only release withdrawals through the same method you used to make a deposit when you signed up. So it’s best to choose only those payment methods that are both deposit and withdrawal handy.
There are payment methods out there charging unreasonable fees on both payments and receipts. These can mess up your gaming budget, that’s why we put red flags on them and unlist them from our reviews. So, you will get the maximum possible credit on your deposits and withdrawals.
We only list those methods that charge minimum transaction fees, even on currency exchanges. So if you’re using a UK casino from outside the UK, you won’t feel the distance.
5. Casino Games
The final thing we look for while choosing a payment option is the number of online casino games you could play using that particular method. For instance, there’re PayPal casinos that allow you to play games directly through PayPal payments without registering. Playing in such a casino is a whole lot of fun because of the lack of hassle in registering and signing in.
However, getting your first withdrawal from such a casino takes a bit longer as the casino verifies your identity before handing out money in your hand. Every withdrawal after the first one takes the usual time.
E-wallets are easier to use and instantaneous than older ways. Resulting in much faster money transfers and this also applies to withdrawals! Bank transfers may take up to 7 working days, compared to e-wallets, crypto, and cards.
E-wallets boost security, thus many players use them. All e-wallets are regulated and protect users from difficulties. You don’t need to give out bank or card details on the casino site, where they could be compromised.
When you use an e-wallet to make a deposit to your casino account, the casino never gets to see your personal information. This is perfect if you’re apprehensive about casino sites saving your data but still want to play.
Online payment methods are easier to use than credit or debit cards since they all are operated online. When using an e-wallet, there are no long card numbers, account numbers, or security codes to remember.
Online payment methods can be linked to multiple casino accounts at a single time through a single app on your phone.
Excluded from bonuses
E-wallet users can’t get bonuses from some casino sites that offer them, including some of the promotions that your casino site may offer. This is something you should look into in the Terms and conditions before you decide whether or not to use an e-wallet.
When you use some e-wallet services to deposit or withdraw money, you may have to pay a transaction or payment fee. This is a downside compared to using a credit card or debit card, which usually doesn’t charge you extra fees.
The unpredictability of Crypto
If you’re using any crypto e-wallets to make payments you are always at the risk of losing your money to market crashes and dips. Plus, the untrackable of crypto coins makes it even tougher to produce payment proofs in case of disputes.
UK casino with best payments structure in 2023
We’ve walked through all the key points we look for while choosing a payment method. Now it boils down to the UK Casino that has the best payment structure in 2023.
The casino that impressed us with its solid, variable, secure, and fast payment structure is Pokerstar Casino. It has a second-to-none payment structure with over 17 different methods to pick from, including 15 methods that support both withdrawals and deposits. Pokerstars requires a minimum of £10 as a deposit to avail of the welcome bonus and it processes your withdrawals within 24 hours.
This UK casino has most Payment option to choose from
PokerStars doesn't allow a no-download play. You'll have to download its software play, which is a major disadvantage for online players. Besides that, poker is the sole game for Mac players. Again, this is a disappointment. But what we adore is their huge selection of casino games with incredible variants. The mobile app runs smoothly on all devices.
Can you use credit cards for payment at UK casinos?
No. The gambling commission in the UK has put a prohibition on the use of Credit Cards at Online casinos to discourage the habit of spending the money one does not own.
However, if you can use your credit card to withdraw your funds from your account.
What happens if my payment fails while making a deposit?
If you face any such issue where your payment gets deducted from your side but doesn’t get reflected on your casino account,
Then you can either wait for it to show automatically or call the customer care of your payment platform.
Rest assured, you will get your payment back if it doesn’t reach your casino account.
What does withdrawal processing time mean?
Processing time is the time taken by your online casino to evaluate your withdrawal request and verify it so that the merchant bank and your bank can complete the transaction.
This time varies from casino to casino but it usually never goes above 3 -5 days.
Can i make UK casino deposits in currency other than GBP?
No. You can not make deposits in a UK online casino in any other currency than GBP.
If you’re playing from outside the UK, you can use E-wallets like PayPal or Skrill to convert your currency to GBP and then make a deposit to your online casino account.
Can you put a limit on your Deposits at an Online casino?
Yes. A vast number of online casinos give options to their customers to put a cap on their spending on their website.
You can reach out to customer care to avail this feature on your account.