BEST GAMBLING PAYMENT METHODS
Find Your Perfect Payment Method
You’ll soon see that there’s a huge amount of payment options out there for you to use. Which one should you choose? Firstly, you’ll need to remember that you’ll need to withdraw your winnings to the same payment method you made your deposit with. Keep this in mind as you choose.
Otherwise, the method you choose will very much depend on your own preferences. Here are some of the most popular methods available to you, and why you may choose them.
Bank Cards, Bank Transfers, And Cheques
Pretty much any site will allow you to deposit using your bank account. This can be through your bank card, such as a Visa card or MasterCard, or through direct bank transfers. There’s some sites that let you use cheques too, should you want to.
This is the easiest option for many, as they already have their bank details. They can plug them in, make their deposit, and get started right away. It makes everything a lot easier overall. Others choose not to use it as they’re concerned about data security. That’s a fair concern, so check to see if the site offers data encryption. If you’re still wary, you can use one of the other options on this list.
PayPal is one of the biggest eWallets out there. It’s very likely that you already have an account with them, as they have around 200 million members as of 2018. They’re used everywhere, especially on shopping sites like eBay.
You may not realise that PayPal is an option on many gambling site,s as for a long time they weren’t partnering with gambling sites due to US gambling laws. Now though, they’re back and so sites are using the service again.
PayPal’s a good option as they’re quick, and they have some of the best security around. It’s the best option for those unsure about sharing their payment details online, as you’re much more likely to be safe with them.
Apple Pay is another service that you may already have, especially if you already have an iPhone or other Apple device. Many have adopted it as it allows for contactless payment in store,s but you’ll also see that you can use it on betting and casino sites too.
The biggest advantage of using Apple Pay is that there’s no fees to use it. You won’t be charged any fees for making deposits with it, and there’s no fee for processing or withdrawals either. The site itself may charge fees though, so check before you go ahead and use your Apple Pay account.
The only problem is that there’s only a few casinos and sites out there that are currently accepting this payment method. If you sign up with a site and see they offer it though, you can use it right away and get started.
Skrill is a payment method you may see online on gambling sites a lot, and for good reason. They’re well associated with betting, and are usually one of the eWallet options made available to you. They’re very popular too, with over 331 million users worldwide.
Many like to use Skrill on online casinos, as there usually isn’t a deposit fee. Sometimes there will be a withdrawal fee though, so check for this before you make your withdrawal. You’ll also see that there’s a fee charged if you don’t use your account for over a year. If you don’t think you’re going to use it, it’s a very good idea to close it down.
Skrill’s also popular because it’s incredibly easy to use. The UI makes a lot of sense, so you can get set up in just minutes. It’s totally free to use, and you can download the app to deposit funds on the go if you wish.
Neteller are another option you’ll usually see on betting and casino sites. This is because it was set up with these sites in mind back in 1999.
They’re a good site to use as they’re incredibly secure, being regulated by the FSA. That means there’s no hidden fees, and your transactions and history are protected. They’re a great option for those concerned about their online security.
It’s also a very stable payment method that’s used almost everywhere. If you want to sign up with several sites and just use one payment method, Neteller is going to be the one you’ll want to sign up with. If you want to take it one step further, you can sign up for a premium account that has extra features and lower fees, too.
Let’s look at Trustly as the last common casino payment method. This service is interesting as they accept all credit and fraud risk to keep you protected. When you sign up with them, you don’t have to give them as much info as you would on other services. Because of this, your data is being guarded by your bank rather than a third party company.
It’s trusted by a lot of people because it offers you instant transfers. There’s no waiting around for your money to hit your account, so you don’t have to be without your cash any longer than you have to. You can withdraw it as soon as you have it in your account.
Most users love it as it’s another payment option that you’ll see on many casino sites. You don’t need to set up separate accounts for different sites, so this makes things so much easier for you.
The banking option you choose will very much depend on you and your own needs. Most like options that are very secure, and that offer you the option to pay on all the sites you frequent. Use this info to help you pick the method that makes the most sense to you.
John Delaney - Chief Editor
John Delaney is a well regarded expert in the online casinos within the UK. After finishing his degree in Computer Science at the Univesity of Manchester he worked with the biggest names in the casino industry including Entain (previously GVC) and the 888 group.