There are many different ways to pay when using an online casino in the UK. As the UK Gambling Commission is very strict regarding its licensing, you will find that there are limited types of payment options available. However, this means that they are all carefully and strictly regulated to ensure only the best options are provided. That being said, each of these payment options offer something a little bit different. Knowing what it is you value in your transactions, can make it easier to find the payment method that suits your needs. Let’s take a look at the factors that may impact your choice.
Speed is off the essence
If getting your payout quickly is the most important thing, then there are eWallets available at UK casinos. These include Neteller, Skrill, and PayPal, though it’s the latter that remains the most popular in the UK. Across any of these eWallets, you will see that payouts are fast. This is one of the major perks of this type of payment option. Better still, you won’t have to contend with many fees, nor will you have to provide banking details to the casino when paying. eWallets act as a middleman between your bank and the casino, which makes them a great option if you want to protect your banking information. They’re also very secure, so while fast, they also make sure the transactions occur as they are supposed to.
Staying secure
Of course, for many, being able to ensure that their payments are as secure and safe as possible is the number one priority. With that in mind, card payments are the way forward. In the UK, due to gambling laws, credit cards are not permitted to be used at online casinos. However, debit cards are. Both VISA and Mastercard are typically accepted at all online casinos in the UK. These options have some of the strictest security protocols in place, which means that they do take longer to process when it comes to claiming a payout. However, deposits are done instantly.
Keeping an eye on the bankroll
For those players who are looking to closely monitor their bankroll, and ensure they don’t overspend, then playing at a pay by phone bill casino could be the way to go. Increasingly, UK online casinos have begun adding mobile phone bill payment options in recent years. These options allow you to make a deposit, adding the amount deposited to your monthly phone bill. The good thing about this option is that there is a limit of £30, which means that the budget is curbed carefully. It’s a great option for those looking to keep to a strict budget and not overspend when playing online. However, while this is a great option for budgeting, it’s not good for withdrawals, as you will have to use a different payment method to claim any winnings.
Using the middleman
For many, Trustly is also a good option, especially as it’s now more available at online casinos. It’s an open banking method that allows you to make transactions directly from your bank account. However, similar to other options, you never have to provide your details to the casino at all. Instead, Trustly works in the middle, ensuring all your transactions are safe and secure. It’s recently begun expanding into the UK gambling scene, making it a great option for players. However, because of its relative newness to the online gaming world, it’s still not found at a large number of casinos, which means it’s not always an easy choice.
Prepaying for security
Finally, there are prepaid card options like Paysafecard available. These work in a similar way to a debit card in that you have to put the card details in to pay. However, they have a preloaded amount of money on them, and once it’s gone, cannot be topped up. Better still, if someone does get hold of it and uses it without your knowledge, there won’t be much money on it that they can use. However, like other payment methods, withdrawals are not possible to Paysafecard. You will have to find an alternative option for your withdrawals.
As there are multiple options, consider carefully which features are important to you. Then, when you’re playing at a casino in the UK, choose the payment method that meets your requirements.
The post The Most Popular UK Casino Payment Methods appeared first on iGaming.org.