UK casinos have a wide array of different payment options available. Players are always looking for the fastest, most secure and easiest option to use when making their deposits and withdrawals. However, not all payment methods offer the same experience when it comes to these factors.
One of the popular options in other parts of the world is cryptocurrency. This payment method offers players high levels of security and anonymity as well as speedy payouts. Not only that, but cryptocurrencies allow larger deposits and withdrawals than many other payment options. However, for UK players, cryptocurrencies are not an option.
Due to strict regulations in the UK, cryptocurrencies are not legal when it comes to making payments at any casino. This means that players have to use other payment methods instead. And, on top of that, there is still distrust surrounding cryptocurrencies themselves. Many players do not understand how they work or how to obtain crypto making it a complicated option for the average player. Using cryptocurrencies also means setting up additional accounts, keeping a crypto wallet and remembering passcodes and keys. On top of that, crypto is very volatile, so players may end up losing more money than they actually win if the price change is too great.
Luckily, there are many different options available at UK casinos. Each one offers many of the features cryptocurrency has available. Consequently, UK players can select a legal payment method that meets all their needs when using a casino.
PayPal
One of the top options at UK casinos is PayPal. This eWallet is popular around the world for many reasons. For one, it offers high levels of security with multiple layers of encryption in place. This means that when it comes to making a payment, all transactions are very secure. Additionally, PayPal acts as an intermediary between the player's bank and the casino. Consequently, many players find this option preferable to a card payment as they do not have to provide banking details directly to the casino, thus further protecting their private information.
Any PayPal Casino UK also tends to give players access to speedy payments. Not only are deposits fast, but typically, so are withdrawals. Yes, there are always processing times in place, which vary from casino to casino. But, apart from this, players can expect any payouts to arrive within a day. Most other payment methods will take a lot longer.
Unlike other options like cryptocurrencies, PayPal is also incredibly easy to use. Signing up for an account doesn't take long, and it's also free. Once the player has an account, they can use the app to load their PayPal account by transferring funds from their bank account or they can make payments directly from their bank using the platform as a go-between. PayPal transactions also have quite high limits making them great for players of all budgets.
Paysafecard
A great option for players looking to put more limits on their gambling, Paysafecard is increasingly available at online casinos. As this is a prepaid option, players must load their card with the amount of money they intend to spend. Because of this, they cannot deposit more than the card has, which helps to put a cap on their gambling.
For those who do use it, Paysafecard operates in the same way as a regular card payment. There is a 16-digit number and a PIN required. Players must provide these details in order to make a payment at the casino. Deposits are instant, which is what most are looking for. Unfortunately, deposit limits tend to be small with limits of up to £100 and nothing more. This can be very beneficial for those who are looking to limit their gambling activities. There are no fees though, and due to the convenient app, it's a very simple payment method to use, which is why it's increasingly popular.
However, Paysafecard is not usually available for making a withdrawal. This means that players have to find an alternative option when they want to claim any winnings.
Trustly
Growing in popularity, Trustly is becoming more available at online casinos in the UK. This is a network-to-network payment method, which means players pay directly from their bank with no middleman. It offers incredibly high levels of security because of this, allowing players to rest easy when they make any of their payments.
However, while it is very secure and easy to use, there are some downsides to this option. Namely, not many casinos offer this payment method yet. And if they don't, then it can't be used. On top of that, there are often limits on the amount of money that can be processed through a transaction.
VISA and Mastercard
Card payments are one of the most common payment methods around the world. As one of the first ways to pay online, every UK casino has card payment options. However, in the UK, credit cards cannot be used to play games at casinos. This is in line with regulations to prevent problem gambling from occurring. But this doesn't mean players can't use card payments. Debit cards are accepted as a payment option.
The two most popular options are VISA and Mastercard. They both offer super speedy deposits as well as excellent security. Card payments are linked directly to a bank account, which means that there are high levels of security protocols to go through. Importantly, these do require verification on the user's part, which means that transactions can be a little slower when it comes to withdrawals. In fact, card payments are well-known for being the slowest option when claiming a payout and funds can take up to a week to appear in a bank account after being requested. That being said, larger value deposits and withdrawals, better than many other payments, can be made.
With so many payment options, players do not have to rely on cryptocurrencies when playing at UK casinos. Instead, players are almost spoilt for choice, able to select the option that meets their specific needs while still being very secure.
