When playing for real money, you need to choose proper online casino payment methods to handle your casino deposits and withdrawals. Adding your banking information is normally a quick process when signing up at an online casino – but choosing your payment method can sometimes feel overwhelming as there are so many options available.
Learn more about different online casino payment methods here at Kabono, and find casinos that accept your preferred casino deposit methods!
One of the most important things to consider when signing up at an online casino is the selection and number of payment methods available. That is why we always tell you about the payment methods and terms in our casino reviews, so you know what is available.
At online casinos, you will normally be met with a selection of different deposit methods offered – some well-known and some that might be all new to you. Learn about a number of the most popular casino payment method options below and click on our full guide to get more details on each method.
PayPal is a popular e-wallet that can be used for online shopping and transfers, but also online gambling. Due to the well-known brand name and ease of this option, many online casinos have chosen to offer this payment method for casino players. Even if you’ve never used PayPal before, it is really easy to sign up and get started. Everything is handled from your online account and transactions are normally really quick.
Pay by Phone is not so much a payment method as it is an umbrella of mobile payments through for example Boku or directly from your mobile billing. Put simply, it is the deposit method for any payments done via your mobile phone. You can deposit money from your British phone number, normally via an SMS code, but it is not possible to withdraw money back to your mobile bill.
Boku is a service provider for mobile payments. Depositing money is easy and all you need is a valid UK phone number. This makes casino banking easy directly from your phone, but the terms are normally not the best for this method. The maximum deposit limit is normally at only £30 and you can not make withdrawals back to your phone.
Many players prefer to use debit cards such as Visa, Mastercard and Maestro for their casino deposit. The deposit will be taken directly from the account linked to your debit card, meaning you won’t have to sign up to an e-wallet or buy prepaid cards in order to start gambling. All you need to do is to create your casino account and you are set! Debit cards come with several advantages, but transactions are sometimes slower than those of e-wallets – and there might also be fees attached.
In the past, some players preferred using a credit card for online gambling and sports betting. But as of April 2020, credit cards are no longer accepted as a deposit method at online casinos. This is due to new regulations from the UK Gambling Commission, banning the use of gambling with credited money. It is still possible to use credit debit- or prepaid Mastercards etc, but not any card where you play with a negative, credit balance at any UK casino.
Similar to credit/debit payments, it is also possible to make deposits and withdrawals directly from bank transfers. A bank transfer is normally linked to your card details, but it can also be from an online, cardless bank. In addition, if you choose to make deposits with a debit card, withdrawals will normally be performed as a bank transfer back to your account.
Prepaid cards are great payment solutions for players who wish to stick to a really strict budget or keep in total control of ones online gambling spending. A prepaid card such as Paysafecard can be bought online or at various brick and mortar outlets. You buy a card that has a unique code which you will input when depositing money. The balance will be added to your casino account and you can play for it until it runs out. You will then have to buy a new card to keep on playing for real money.
A wire transfer is the same as bank transfers discussed above, but it is important to keep note of as some casinos use the term “wire transfer” only. Directly linked to your bank account, the transfer is both swift and safe.
Finally, some very popular payment solutions that more and more players have opted for the past few years are e-wallets such as Skrill, Neteller and PayPal. PayPal is well-known for all online payments, but Skrill and Neteller are more so known for casino accounts specifically. Thanks to its high security and quick transfers, many prefer to use an e-wallet. Just be aware that some casino deposit methods are often excluded from online casino bonuses, and Skrill and Neteller are commonly included in such terms.
As you can see above, there are many payment options to choose from when making a casino deposit or withdrawal. Any UK casino should offer a variety of options available for players, and it is up to you to choose which option is best for you. When choosing your payment method, there are mainly two things to take into account:
Most of the payment methods out there are relatively safe. However, be careful if you join a casino that does not offer major debit cards and e-wallets. This could mean that they have trouble getting approved and verified by the major payment providers (who have many security measures in place). This is a big red flag.
You should only sign up to casinos and deposit methods where you can guarantee that your financial information is kept safe. Security is very important in general when gambling online, but especially when you are depositing and playing for real money.
If you join a casino that you read about here at Kabono, you can trust that the casino only offers the safest online payment methods for casinos. We only list casinos licensed by the United Kingdom Gambling Commission, which ensures security for your money and personal details.
The second most important thing to look out for when selecting a payment method is how fast they handle transactions. This goes for deposits too, but most importantly is how fast they process withdrawals.
Almost all payment methods handle deposit requests instantly. That’s because the casino is not required to perform a so-called KYC (know your customer) check before a deposit. However, when it comes to withdrawals, it can sometimes be a bit trickier. We think that 1-3 days for a withdrawal, including KYC, is fair. Any longer than this, and you should either look for a new casino or a new provider – or perhaps both.
Learn more about KYC and verification further down in the article.
Some of the best online casino payment methods for UK players include e-wallets, mobile payment, regular debit card payments, and even cryptocurrency. Most online casinos will offer a variety of different payment methods to choose from. Which is the best choice for you will depend on your preference.
Using an electronic payment will normally result in quicker withdrawals and high security, but at the same time, it means you will have to open yet another account somewhere. With card payments, you can simply use the debit card you already have and use – directly linked to your bank account. Just remember that you can no longer make payments through a credit card at UK online casinos.
By clicking on the different logos and guides at the top of this page, you can learn more about some of the payment options commonly found at online casinos – and see which of our top online casinos currently offer them.
Once you have created a casino account and chosen your preferred casino payment method, you can start making deposits and withdrawals. This will allow you to play for real money, take advantage of casino bonuses, and get your casino winnings paid out.
Making your first deposit at an online casino is quick and easy:
Withdrawals will generally take longer to process than deposits, but are still quick and easy to complete:
All legit casinos are licensed by a licensing authority. Online casinos that cater to UK players have to be approved and licenced by the UK Gambling Commission (UKGC). All the online casinos and sports betting sites listed at Kabono hold a UKGC license.
There are a number of criteria that the online casino has to fulfil in order to be approved for a license – and for keeping it. One of these things is KYC guidelines.
KYC guidelines require that the online casino is able to verify who their players are (know your customer). This includes confirmation of identity which is often checked by submitting a copy of your identity card or passport. In some cases, you might even have to submit a new photo of yourself as well. Some casinos also require to see proof of income and proof of residency from their players.
This is usually done by submitting a recent copy of your payslip or bank statements showing that you can afford to play at the casino. The casino could also use this information to identify whether you are a risk, either for the casino or for your own personal finances. Read more about Responsible Gambling here.
Sometimes the casino needs to be able to verify that you live where you say you live and that you are a resident of the UK. This is usually done by submitting a housing contract, such as a lease, or perhaps more commonly, a utility bill that has your name and address on it and is not older than 3 months (varies from casino to casino).
We know that this might sound like a lot of work, and it’s particularly annoying to go through an account verification process right after you’ve won a large sum of money and want to withdraw it. That is why we recommend that you go through the verification process as soon as possible, instead of waiting until you need to make a withdrawal.
We would also like to urge you to pick one of the casinos on our site since we know that their processes are fair and fast, and none of them will make it unnecessarily difficult.
The reason why we mention this is that some casinos (not gonna mention names, we do not recommend them), drags out the verification process (when players want to make a withdrawal) on purpose. They do this because they hope that the player will get tired of waiting to withdraw their winnings, and instead just start gambling and eventually lose their winnings. This would save the casino money.
We do not condone this behaviour, and strongly think that casinos doing this should be fined and have their license(s) revoked. But sadly, it does happen. This is why it is important for all players to only sign up to and deposit money at a casino or sports betting site that has lots of popular payment options available.
The popular options such as e-wallet, debit card and bank transfer as mentioned above ensure a safe transfer of your money. If you only see unknown payment methods offered, try another website. And if you find any “UK casino” that is still accepting credit card as a deposit option, please don’t sign up to these sites as they are clearly not following the gambling guidelines given.
After learning more about the large number of payment methods available at online casino sites, we hope that you are ready to start playing for real money. Simply browser our recommended casino sites, create a casino account and make the first deposit. You can enjoy many games from your deposited money, for example, online slots, live dealer games or even sports betting.
Enjoy your welcome bonus and some real-money gambling, all while knowing your money is kept safe in your account! The casinos below use only trusted payment methods. Have a look!