In this article, we will be exploring all the different gambling payment providers that are available to UK players at UK online casinos. This includes E-Wallets, Cryptocurrencies, debit cards, Credit Cards, and more. We will also be briefly going over a few things players should keep in mind when deciding which payment option they should use. There is also many partnerships in the business which you can read about in our article (How the Payments Industry Will Be Galvanised with Partnerships).
Nowadays there are a load of different payment options available to players at online casinos and most UK online casinos have multiple ways for players to deposit and withdraw funds. Below we will be going over a few.
E-Wallets
E-Wallets are a way for people to make electronic transactions online. They are also becoming increasingly popular in the online casino business. This is because they are quick and easy to use. It is also free to open an e-Wallet. There are loads of different companies out there that players can use and below we have chosen a few of the best and well known.
Skrill – Skrill is one of the most well-known e-wallets at the moment with countless casinos accepting payments and withdraws from them. So if you are looking for an e-wallet that is widely accepted then you should definitely check out Skrill.
PayPal – This is another giant of the e-Wallet world and probably the most well-known one at that. Again PayPal is another payment method that a lot of UK online casinos accept payments from.
Neteller – Neteller has been around for over a decade and because of this players are almost always able to make payment transactions with it at online casinos.
Card Payment
There are loads of different types of cards and versions of the cards out there that players can get. We do not feel they need much explaining as we are sure players are aware of them and how they work. Some of the most popular ones are:
- MasterCard
- Visa
- Maestro
- American Express
We will give a special mention to Paysafecard. This is a prepaid card that UK players can buy from a retailer and use at online UK casinos.
Bank Transfers
Bank transfers are another payment method that almost all UK casinos accept. They are also one of the simplest to use. A player simply transfers money from their bank account into the casinos. We feel this payment method is becoming less popular as time passes as players are becoming increasingly aware that if there is a security breach at the casino it could lead to their bank details being stolen.
Cryptocurrencies
Cryptocurrencies have seen a surge in popularity in the last few years and because of this, there is a wide variety of different companies offering their own cryptocurrency. So what does this mean for online UK casinos? Well for a start you will find casinos out there that will have some Cryptocurrencies as payment options but they are only a few and most of them will only accept Bitcoin.
Terms and Conditions
Terms and conditions are another important part of payment options. Players should always read these before making a deposit or withdrawn using their chosen payment method. This is because the terms and conditions will tell players important information like:
- Min and Max deposit and withdrawal limits
- Whether or not the transaction will be instant
- If there is a charge for using that payment method
Which Payment Option to Choose?
All of the above are valid payment options and all of them have pros and cons so which one to choose will most likely come down to personal preference and the terms and conditions of the casino. It is quite fun to notice that different gambling payment providers can affect the price of gambling stocks. For example the company LeoVegas was slow in Scandinavia to implement Pay N Play casinos but when they did the stock price bounced back a little.
