Your JustSlots Guide to Online Casino Payment Methods

Although you should only ever gamble for entertainment purposes (you should never gamble in the expectation of using it to earn a living, or gamble with money you cannot afford to lose) the majority of people who want to gamble do so for the potential ‘thrill’ of winning money. In order to gamble with money, you need to be able to get money into your online casino account.

Thankfully, online casinos provide a multitude of ways of getting money into your account, but which is the best? That depends on what’s important to you. Convenience? Fast withdrawals? No fees? Safety and security?

Hopefully this JustSlots guide to online casino payment methods will help you decide which payment method works best for you.

What are the most common payment types?

Banking

For players in the UK, the direct use of their bank account is the most common means of making deposits and withdrawals at an online casino. This can be done directly via online banking or, as is more common, via a Visa debit card.

Note that players in the UK are not allowed to make payments to online casinos using any kind of credit card.

eWallets

Ewallets have flourished all around the world since the advent of the internet. PayPal has become the most successful one, thanks mainly to its initial association with eBay. Skrill and Neteller are more common eWallets available at online casinos. An eWallet is simply a financial account that is solely/mainly used for payments online.

Cryptocurrencies

The fabled ‘Bitcoin revolution’ in which peer-to-peer payments on the internet were supposed to take over from banking has never quite happened, but many online casinos accept Bitcoins and other cryptocurrencies. The use of them is a means of sending money to anyone without the use, intervention and notification to of any kind of financial organisation.

Others

The most common ‘other’ payment method use by online casinos is Paysafecard, where you purchase an eVoucher at a retailer that then can be used online. Other methods include pay-by-mobile options such as Boku, Siru and Zimpler where you make payments via your mobile phone bill. Some online casinos will even allow you to deposit cash via a partner!


 

PaysafeCard

PaysafeCard

Boku

Boku

 Boku

Bank Transfer

Visa Debit Card

Visa Debit Card

Neteller

Neteller

POLi

POLi

iDeal

Sofort

Sofort

Pay by Mobile

Pay by Mobile

Skrill

Skrill

Eco

Eco

Trustly

Trustly

Bitcoin

Bitcoin

Euteller

Euteller

InstaDebit Payment Method

InstaDebit

PayPal

PayPal

What do our in-depth payment reviews provide?

You will learn a little about the history of each particular payment method, and how it has come to be recognised as a suitable payments service at online casinos and slots sites. We will explain what you need to do to makes deposits from your chosen payment methods, and how to accept withdrawals if that is a possibility. We will also outline any fees that you might be required to pay.

How online payments can be made safely and securely

We will also scrutinise each payment method for how secure it is. When you are making payments over the internet there is always the danger of your transactions ending up in the wrong hands, revealing your sensitive financial information to the people you least want to have access to it! We make sure you know how to keep safe when paying online.

Our top five best online casino payments methods

1 – Visa

Visa is no doubt the best way to get money into and out of your online casino account. Visa transactions are habitually safe and secure and with little danger of issues arising. Deposits are generally instantaneous, but withdrawals times can vary, from as little as one hour to as long as three to five days. Most people in the UK with a bank account will have a Visa debit card.

2 – Paypal

Although not all online casinos accept PayPal, there is a growing number that do. As most people have a PayPal account, transferring money using PayPal is very simple and secure and good for deposits and withdrawals. Like Visa, PayPal deposits are immediate, but withdrawal times vary from casino to casino and can take as long as five days.

3 – Skrill

Skrill is perhaps the leading eWallet service used by online casinos, and works just like PayPal with the same speeds for depositing and withdrawing. There is the similar service, Neteller, too (both are owned by the same company – Paysafe Group). One thing to note – often you cannot use money deposited via Skrill (or Neteller) to meet wagering requirements for casino bonus offers.

4 – Bitcoin

Bitcoin is the most common cryptocurrency accepted by online slots and casino sites. Bitcoin is a peer-to-peer currency which means you can send it (and receive it) directly from online casinos without the involvement of any kind of financial organisation. If complete anonymity is important to you, then Bitcoin is the way to go. All deposits and withdrawals using Bitcoin should be completed in mere seconds.

5 – Trustly

Trustly is not an eWallet in the true sense of the word, but it does allow you to make financial payments online. It does this by linking the online casino you are depositing at to your bank via an online banking interface. The number of online casinos in the UK that accept Trustly payments though is low, which is a shame. Transaction times are the same as with PayPal and Skrill.

FAQs

Q. What are payment methods?

A. Payment methods are a way of transferring money to and from online casino and slots sites. There are several different kinds including debit cards, eWallets, cryptocurrencies, eVouchers and direct banking. You can even make payments via your mobile phone account!

Q. Which is the best online payment system?

A. That depends on what is most important to you. If it’s convenience, it’s Visa or PayPal. If it’s security (i.e. keeping your banking details safe), it’s Skrill or Neteller. If it’s anonymity, it’s Bitcoin.

Q. Which payment methods are accepted at online casino and slots sites?

A. There are over 100 payment methods accepted across the board at online slots sites and casino sites. We are not going to list them all, but the most commonly found are Visa, PayPal, Skrill, Neteller, Paysafecard, Bitcoin, ecoPayz, Sofort, Euteller, Trustly, Zimpler, Boku Pay by Mobile, iDeal, InstaDebit and POLi. Not all these payment methods are accepted by online casinos in the UK, though.

Q. How do I know my payments are secure?

A. All UKGC-licensed casinos, as part of their licence, are legally required to make sure that all financial transactions are secured using industry-standard encryption techniques. These are the same techniques as used by online banks, so your online payments are guaranteed to be secure.

Q. Why do withdrawals take much longer than deposits?

A. In truth, withdrawals should be as quick as deposits and indeed at some online casinos they will hand you your money as quickly as they take it from you. Most though will try and hang onto your money for as long as they can, simply so they can earn a little bit of interest off of it.

Q. Why cannot I use my MasterCard at my favourite online casino site?

A. The United Kingdom Gambling Commission banned the use of credit cards at UKGC-licensed sites from April 2020. Some people were running up massive credit card bills via gambling which they were then unable to pay.