What Prepaid Cards Work for Gambling Online?
Since the UK parliament banned credit cards used for online gambling, gamblers will have to make a few changes. Soon you will not be able to deposit funds using your credit card. The ban will be effective from the 14th of April 2020. Therefore, the clock is ticking. If you have been using credit cards to deposit money and cash out, then you should read this guide. Find out what prepaid cards work for gambling online.
We plan on letting you know about five different methods that you can use to make deposits into your gambling account. We’ll tell you about e-wallets, Paypal, cryptocurrencies, mobile payments as well as debit cards.
1. Mobile Payments
Many people these days prefer to use mobile banking methods for online transactions. A lot of internet casinos are making sure that they support the use of mobile banking methods. These are the companies that most digital casinos will accept for payment methods:
Options such as Apple Pay, Venmo, and Google Pay do not allow people to conduct gambling transactions. The best part about these mobile payment options is the fact that you can also access them on your laptop.
2. Bank Transfers
While bank transfers may not be the fastest option around, it still works. The best part about this option is that you will pay very low fees. People who live in the EU can make transfers that are almost free of charge.
So, you can see that you can wire transfers are the best option if you want to spend less money on admin fees. You have to decide if you are prepared to wait almost 5-10 days for your funds to reflect.
3. Debit Cards
Debit cards are commonly associated with credit cards, but debit cards are a different form of payment method. A credit card refers to using money that you have borrowed from the bank. Whereas, a debit card is linked to a bank account that has your own money in it.
The UK government is banning the use of credit cards at internet gambling houses because the number of people getting into debt because of credit card gambling was increasing.
Companies such as Maestro, Visa, and MasterCard are some of the biggest debit card providers. If you have any of these debit cards, you can gamble online.
The e-wallet payment method is similar to the credit card method. However, with e-wallets, you will not get a physical card. Everything is done on the internet. E-wallets also require you to link a bank account to them.
For safety reasons, there is a requirement to set a security code and provide a phone number and email address. A lot of internet casinos accept the following companies:
- PaySafe Card
5. Crypto Currencies
These days you can buy anything using cryptocurrency. One of the most popular cryptocurrencies is Bitcoin. First time users may find the use of cryptocurrencies may find it challenging to use, but it is not difficult.
Here are a few cryptocurrencies that you can use when you are gambling on the internet:.
- BitCoin Cash
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