When you visit a shop to buy something,
you’re usually presented with two payment methods: cash or card. Over time, the
trend has been that more and more of us have been opting to ditch cash in favour of using our
credit and debit cards, particularly since contactless payments mean you can
pay in seconds.
But when it comes to online casinos, things
are a little different. Many casinos offer a plethora of different methods,
each with their own advantages and disadvantages. Given that some of these
methods are not commonly found elsewhere, it can be a little confusing to know
which one to use.
If you’re new to playing online casino
games, you may be wondering which payment method is best. The answer is a
little more complicated though, as it depends on the qualities you are looking
for. So here’s a handy guide that can help you choose.
Casinos usually take a day or two to
process a withdrawal request. This is because they have to conduct some checks
for legal reasons. However, once they do process the payment, the payment
method you choose can have an effect on how long it takes to reach you.
If you want a fast payout, then your best option is to use a payment wallet like PayPal, Neteller or Skrill. These are all widely accepted by online casinos, although you may find that online paypal casino sites are slightly less common.
Times vary from casino to casino, but a
payment wallet withdrawal usually takes 24-48 hours.
If you want to make your deposits and withdrawals easily with as few steps as possible, then you’ll likely want to use a Visa or Mastercard debit card. Credit cards can’t be used with online casinos in the UK, but your debit card still can.
The great thing is that you likely already
have a Visa or Mastercard that has been issued by your bank, meaning you have
everything you need to get started.
It can be difficult to use cash to pay for
anything online, however, for online casinos, there is a solution. Using cash
can make it easy to budget your gaming as you set how much you want to spend
and then can’t go over it.
The paysafecard allows you to spend cash online with this payment method. To use it, you need to visit a store, often a corner shop or convenience store that has a PayPoint. Once then, you can buy a paysafecard with cash which you can then use to deposit funds into the online casino.
If you want to deposit money to an online
casino without the transaction showing up on your bank statements, you could
use the “pay by phone” options. These are offered by different companies but
all essentially work in the same way.
You’re usually limited to around £30 per
day, so it’s not much use for making big wagers, but sufficient for anyone
making modest bets.
As the name suggests, you pay by charging
the cost to your phone bill. The cost will then be taken from your bank when
you next pay your phone bill, but it won’t appear as a separate transaction.