These days banking in online casinos has become simple and pretty uncomplicated. It only becomes difficult when you have to figure out if your chosen online casino supports your desired online banking method. You also need to be aware of the restrictions placed on you especially when it comes to withdrawals. Online casino guides on banking are important because they spread information about these various online banking methods in UK casinos that often come in handy.
What You’ll Know about UK Casino Payment Options
- Top UK Online Casino Banking
- Online Casinos Supporting Internet Banking
- Online Casino Deposit Methods
- Withdrawing Funds
Top UK Online Casino Banking
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Online Casinos Supporting Internet Banking
There are a lot of online casinos in the UK and not all of them are above board. As an online casino bettor, your main concern before betting should be the safety and security of your financial information. The legitimate sites should have a UKGC logo on the footer of the main page. You should also check with the UK Gambling Commission to see if the online casino is licensed with them this would be a good indicator that the site adheres to the stringent banking regulations of the commission.
Some online casinos have certain restrictions when it comes to depositing and withdrawing funds. Most online casinos will allow a lot of third-party payment processors in the UK as well as the traditional credit and debit cards.
Online Casino Deposit Methods
The banking page in most online casinos is quite clearly visible on the main page of the site. This page will list out all the banking options that the online casino supports. The most prominent concern of most online casino gamblers in the UK is the ease with which they can withdraw their winnings from the online casinos.
Depositing into your online casino account is not complicated and a lot of online casino sites will make it very easy to deposit, they’ll even reward you with depositing bonuses to entice you into depositing. In order to protect you funds and your financial information there are security process that you will have to go through before your deposit is successful. Some online casinos will go as far as imposing a deposit minimum to ensure that the payment method you are using has enough funds to top up your account.
Using Credit and Debit Cards
When using debit cards to deposit funds into your online casino account, you should know that you can only deposit the money that is available in your bank account. If you don’t have enough funds in you bank account you will not be able to deposit into your online casino account.
Credit cards are widely accepted in the UK by most online services from shopping to casino sites. One thing that needs to be taken into account when using credit cards is that while they may be accepted by the online casino for depositing funds the same cannot be said when withdrawing funds. Credit Cards like Mastercard are not accepted in many UK online casinos for withdrawals. If you have used a credit card to deposit funds make sure that you have registered a different payment method to withdraw your winnings.
Using e-Wallets
e-Wallets are a different way that you can use to fund your online casino account in the UK. Companies like Neteller and Skrill offer e-Wallet services for people. Online casino players can use the e-Wallet method to deposit funds into their online casino accounts. It is important to ensure that the online casino actually supports this method before you sign up for it. The benefit of using the e-Wallet to deposit funds into your online casino account is that you can use the same method to withdraw your winnings.
Using Prepaid Services
Prepaid services are similar to debit cards in that users can only use the funds that are available in the account. The only difference is that the money has to be loaded into the prepaid card before it can be used. Entropay, ecoPayz and netSpend are some of the more popular prepaid services available. When you sign up to either netSpend or Entropay you will be given a Visa Card which you can fund using your own bank account. This method is different from your standard credit card because there are less online restrictions on prepaid cards than there are on credit cards.
Using Direct Bank Transfers
When using bank transfers, you are basically using your bank account to transfer fund directly into you online casino account. There are no intermediaries involved with this depositing method It is just a straight transfer. Bank Wire, Instant Bank Transfer and Cheque are some of the ways that can be used to deposit funds into accounts.
Withdrawing Funds
As with the depositing methods discussed above there are different withdrawal methods that are used by online casinos across the UK. It’s always important to keep in mind that certain fees will be attached to the different withdrawal methods. Some online casinos will offer players a single free withdrawal of winning in a month. Another concern that online casino players usually have is the amount of time it takes to process the withdrawal. While credit cards are commonly not accepted in most online casinos as a withdrawal method, the other methods are pretty straightforward. In a few online casinos some documentation is required before any withdrawal can take place. Make sure to check what documentation is required at your particular online casino.
A Reverse Withdrawal feature is something used by online casinos to give online casino players the option to reverse their withdrawal request. This option is made available to players if they want to play further after having placed the withdrawal request. There are a few things that you can use to determine whether an online casino provides the best withdrawal services.
- Transparency – An online casino needs to be clear on how your funds are protected when you are betting on their site. Check out the FAQs page of the online casino to see what their withdrawal policy.
- Withdrawal fees – Online casino players like seeing little or no withdrawal fees attached to the withdrawals of their winnings. A lot of online casinos will actually offer competitive bonuses when it comes to withdrawals.
- Safety and Security – The UKGC has made strides with regulations that ensure that online casino players are protected when gambling. Online casinos in the UK are required to declare how the privacy of players is enforced. Compliant online casinos will use sophisticated software and techniques to protect players.
A great Majority of online casinos want to make your casinos experience as hassle free as possible to keep you coming back to have fun at their particular casino. Therefore, you are most likely to find a payment option that suits your needs in whatever online casino you choose in the UK.