What is the Best Payment Method to Use with a Casino?

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.

Fast Payouts

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.

Convenience

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.

Paying with Cash

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.

Bypassing Your Bank

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.