Banking


There are literally dozens of payment options that online casinos offer their players, each with its own perks and downfalls. While some offer fast service, others offer free fund transfers; these methods differ greatly and players should choose careful in order to suit both their gaming style and budgetary requirements. Here are the best banking options for online casino users in the UK.
 

MoneyBookers

MoneyBookers works on a premise very similar to PayPal, allowing you to use your email address to send and receive money. Deposits are made in real time, and players can instantly fund their online casino wallets through MoneyBookers.

Players only need to provide their email address and a few other personal details when signing up for MoneyBookers. Once they’ve registered, they can fund their MoneyBookers account through their bank account or credit card. They can then fund their online casino wallet through MoneyBookers. Because the bank or credit card company only interacts with MoneyBookers, they cannot intervene when the player is attempting to deposit money to the online casino.  This makes MoneyBookers a great online payment processor; it is similar to PayPal, and is offered at more online casinos.
 

Neteller

NeTeller is a great e-Wallet solution for players who have trouble depositing money directly through their credit cards or bank accounts. It acts as the middleman between the online casino and yourself, allowing players to transfer funds instantly without any hassle from banks or credit card companies.

Registering for a NeTeller account is free. The account can be funded through credit cards, NeTeller, bank deposits and InstaCash. Players simply choose the method they want to use and enter their personal details in order to verify their identity. Once their account is set up, players must deposit money into their NeTeller account before deposit money into their online casino wallet. After this initial deposit is approve (which is usually instantly), then the player can log in to the online casino and choose to make a deposit from their NeTeller account. While this is a bit more time consuming than paying with PayPal or credit card, you can avoid the possible intervention of banks and other third party institutions.
 

UKash

uKash is a popular online payment methodthat is operated by Smart Vouchers ltd. However, it does not require users to have physical card; all they need is the 19-digit PIN. Players can buy uKash vouchers at many retail outlets across the UK, for a specified amount. Then, they can fund their online casino account simply by inputting the PIN code when prompted.

This process is quick and easy, requirement no waiting while your deposit is approved. Players also needn’t worry about identity fraud or any other security issues, because you never have to divulge any personal or financial information online when using uKash. Users also enjoy the fact that they do not have to pay any processing fees when depositing. When withdrawing, however, players may need to pay for the cost of the wire transfer or cheque that must be used in order to credit the money to their own bank account.
 

ECO Card

EcoCard is a virtual debit card that can funded via wire transfers or bank deposits. It works in a similar way to other ewallets, except for the fact that it doesn’t users to pay a membership fee when registering. It should be noted, however, that there may be a withdrawal fee incurred when you deposit from your bank account or withdraw money from an online casino.

The signup process is simple. Players only need to provide some personal details and a valid email address. After activating your account through your email inbox, you can begin depositing money, a process which is almost as simple as registering. In the Money Deposits section, you will be presented with a list of banks that can be used. Once you choose your bank, you can print out a deposit order that will allow you to transfer funds from your bank to you ECO Card. To withdraw money, you can either choose a wire transfer (which costs $10) or a cheque (which costs $25). Withdrawal requests take a bit long to process, as users must wait at least 2 days before their money is released.
 

Paysafe Card

PaySafeCard is different from most of the online casino banking methods out there, as it is a prepaid card that players fund from their bank accounts. Once their PaySafeCard is funded, they can use it to fund their online casino account almost instantly.

This method was established in 2000, when customers were experiencing difficulties funding their online casino accounts directly through their bank or credit card accounts. Now, PaySafeCards can be bought at almost any retail outlet, without requiring consumers to divulge any personal or financial details.

The cards can be bought in almost any denomination, from £5 to £100. Then, the player can go home, log in to the online casino of their choice and enter the banking section of the site. After selection to use the PaySafeCard option, the player must then enter the PIN on the back of the card and the amount of money they would like to deposit. The deposit is credit almost immediately, and requires no verification or approval.

You can also track your payments on the PaySafeCard’s website. The only downside is that in order to withdraw money you will need to use another method, such as a wire transfer or a cheque, both of which require players to pay fees in order to access them.
 

Credit Cards & Debit Cards

Credit cards are a very popular way to fund online casino accounts. The most commonly used cards are Visa, MasterCard and Diners. Before being able to use your credit card it must be registered with the online casino. To do this, you have to enter your credit card number and expiry date, as well as personal information that will verify your identity. The online casino’s software will then credit anywhere from £5 to £20 to your account in order to ensure that all future deposits will be cleared.

While the registration process is very easy, players may have trouble when depositing money. Players simply need to enter the amount they would like to deposit into the software, but they may encounter problems. Credit cards are regulated very heavily, so banks may intervene when they see that your credit is funding an online gambling operation. If this happens, it is suggested that players register a card associated with a different bank. If they continue to have problems, it is advised that the player being using an eWallet.

Debit Cards work exactly like Credit Cards, except players are using a prepaid card. This is a great option for people who are having trouble getting their deposits approved by banks or debit card companies, or for people who simply cannot obtain a debit card. They can be purchased through a variety of retail outlets. A few of the most popular debit cards are Wired Plastic Card, Solo, Maestro and Visa Electron.

The application process can be quite time consuming, however, as users must visit their local bank in order to complete a registration process. If the player is approved for a card, they can then fund their account either online or through the bank. Depositing money is a very easy process, because the card and the bank have such a close relationship, so you can access your Maestro money almost instantly.

Players can then log in to their online casino and deposit money directly from their Maestro Card.

 

Pay Pal

PayPal is one of the most trusted names in electronic payment processing, offering users a way to send money online directly from their bank account. When the American online gambling ban was first enforced in 2006, PayPal left the industry completely, pulling its services from the all of the online casinos that used them. It was only during the summer of 2009 that PayPal reentered the scene, this time only offering its banking methods to online casinos in the UK and their customers.

PayPal is one of the most popular online payment processors as it transfers money with ease and without complication. Players can transfer funds through real-time transactions, without waiting for their bank to approve the deposit or withdrawal. Over 90% of the time, players experience automatic deposits, so they can begin playing right away.

The reason for this is that PayPal has a very extensive verification process throughout the player’s initial registration. So, while the sign-up process may take a while, depositing and withdrawing money afterwards is a breeze. All players need to do set up a PayPal account, which can be connected to your gaming wallet. Then, depositing is as easy as inputting them amount of money you desire. The money is then credited to your account instantly.