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Guide to Online Casino Payment Methods

Find out the best UK casinos with top payment structures, and how to choose payment methods for deposits, withdrawals and everything else related to online casino payments in the UK.

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UK Casinos with the Best Payment Methods

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Table of Contents

starIntroduction 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.

Payment methods guide UK

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.

starHow 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.

 

Payment Options on online casino

 

types of low minimum deposit

starMaking 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:

  1. When you visit a casino, the first thing is to register yourself with it. It will require your email address and a strong password. 
  2. Go to your cashier section, click on deposit, and enter the amount you wish to deposit.
  3. If your casino requires any Bonus codes for the bonus, you have to enter them now in the promo code or bonus code bar. 
  4. 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. 
  5. Once you select your desired deposit method, it will take you to its interface, where you have to fill in the required details. 
  6. 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.

 

skrill casino deposits

 

UKGC Turns Screws on Errant Licensees With $14 Million in New Fines

starWithdrawing Money

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

  1. Go to your cashier section, click on withdraw, and enter the amount you wish to withdraw from your account
  2. Select the desired payment method.
  3. Now you will be redirected to your Payment platforms interface where you have to fill in your credentials.
  4. 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:

UKGC on Withdrawal Fees

UKGC gives you the green light to withdraw your deposited funds at any time you wish, even when there’s an active bonus pending on it. The casino can’t restrict you from any such withdrawals. However, UKGC “doesn’t prevent an operator from deducting a fee charged to consumers for processing that withdrawal”. 

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.

starBest 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. Given below is the list of best casinos that offer the most sound and secure payment methods in the online gambling world.

Casino’s Advantage Casino Withdrawal fees Lowest Deposit Fastest Payout Time Payment Methods
UK casino with the lowest deposits Coral casino, Betfred casino No Fees £5 up to 24 Hours 7
UK casino with the best welcome bonus Mr Vegas No Fees £10 15 minutes 10
UK casino with 3000+ Slots Video Slots  No Fees £10 15 minutes 12+
UK Casino with the best payment structure 888 Casino No Fees £10 24-48 Hours 15+
UK’s best mobile casino Leovegas casino No Fees £10 10 minutes 10+
UK casino with the best VIP Programme Regent No Fees £10 1-3 Days 8+
UK Casino with the best daily free spins offer Mr Play No Fees £10 1-3 Days 10+
UK casino with the best new slots Lucky Vegas No Fees £20 up to 24 Hours 14+
UK casino with the best live bonuses Mr Green No Fees £20 10 minutes 7+
UK Casino with the best sports betting Ladbrokes casino No Fees £5 0-2 hours 10+

starTypes of Payment methods at Online Casinos

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.

starE-wallets

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 a 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 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.

Paypal Mobile

skrill deposits

 

paysafe casinos

starVISA 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.

starPay 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.

pay by phone bill UK Boku logo 2022

 

starCrypto Currency

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.

starHow 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:

1. Safety

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.

Deposit & Withdrawal Options at Online Casinos

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. 

4. Cost and affordability

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. 

Reviews of Best UK casino games

starUK casino with best payments structure in 2022

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 2022.

The casino that impressed us with its solid, variable, secure, and fast payment structure is 888 Casino. It has a second-to-none payment structure with over 20 different methods to pick from, including 15 methods that support both withdrawals and deposits. 888 Casino requires a minimum of 10 as a deposit to avail of the welcome bonus and it processes your withdrawals within 24 hours.

FAQ

FAQ
Rajeev Editor

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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.
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