There are many ways for players from the UK to deposit money at online casinos and withdraw their winnings. While the banking methods and withdrawal processing timeframes will vary from one casino to the next, here is a basic overview of the banking methods used by some of the most popular casinos that take UK players:
Credit and Debit Cards
All casinos accept deposits by Visa and MasterCard credit and debit cards. Some prepaid cards branded with the Visa or MasterCard logos will work at most online casinos too. A few online casinos take other credit cards, including American Express, Diners Club and JCB. However, their acceptance isn’t as common as with Visa and MasterCard cards.
Deposits made in this way are usually instant and credited to your casino account immediately. Casinos may offer you the chance to withdraw your winnings back to the credit or debit card you’ve used to fund your account. Withdrawals done using this method may take anywhere from 2 to 5 business days to be processed and posted to your account.
E-Wallets Such as Skrill, Neteller and PayPal
Many e-wallet services, such as Skrill, Neteller and PayPal, can be used to deposit funds to your online casino account and make withdrawals as well. To make a deposit, you will first need to have enough funds in your e-wallet account. You can add some by credit or debit card, as well as by bank transfer, depending on the specific service you’re using. Deposits made by e-wallet services are instantly processed by most casinos.
You can also withdraw money to an e-wallet account at the majority of UK online casinos. On the casino’s end, processing a withdrawal can take anywhere from 1 to 5 business days. Once the funds are in your e-wallet account, you can opt to withdraw them to your bank account or leave them there. This allows you to use the funds to pay for a variety of online purchases, as well as to make deposits at other online casinos and sportsbooks.
Bank Wire Transfers
Sending a bank wire can be an attractive deposit option for high rollers who deposit thousands of pounds at a time. The drawback is that making a wire transfer to the casino’s bank account isn’t instant. Processing times for deposits can vary from 2 to 10 days.
Withdrawing funds from your casino account by wire transfer is also possible and takes approximately the same amount of time to process as a deposit. You should also keep in mind that banks charge fees for both incoming and outgoing wire transfers. Some casino charge a transaction fee when you use this banking method too, but it’s common for the fees to be waived for larger transactions.
Paysafecard is a common deposit method at online casinos that cater to UK players. It works like a prepaid voucher and can be bought with cash at hundreds of retailers throughout the nation. You can buy a Paysafecard in amounts ranging from £10 to £100. Once you have your voucher, you can instantly deposit funds to your casino account simply by inputting the PIN number.
It’s not possible to withdraw funds back to a Paysafecard at the moment. Therefore, you will need to choose another withdrawal method to get your winnings from the casino.