Online Casino Deposit & Withdrawal Options
Real money players that are based in the United Kingdom should first and foremost select a casino site or app that allows them to set their accounts to operate in GBP.
The reason for me pointing that out, is that if you make the mistake of playing at any casino online that does not offer Pounds Sterling as a deposit and withdrawal option, then each time you top up your account or cash out any winnings, you are going to be forced to pay currency conversion fees and charges.
On top of that you will always be at the mercy of currency exchange rates too, and if they move the wrong way you could end up decimating the value of a large withdrawal for example.
Therefore, if you are on the hunt for a casino site or a mobile casino app and intend to play in a real money playing environment, then do double check to see you can set your account of operate in GBP to avoid any unnecessary fees and charges when playing.
This guide is going to be looking at a range of different deposit and withdrawal options that will be available to you at mobile casinos online, so please do read it through for I will be listing any additional pros and cons of using each one below.
Debit Cards
The one way that most online gamblers choose to use as the way the quickly and easily top up their online casino site accounts in the UK is by using a debit card that is linked up to their bank account.
There are no fees or charges associated with using a debit card and all payments are processed in real time too, meaning you are not going to be hanging around waiting for your deposits to show up in your account.
If you win when gambling at an online casino site and want to cash out your winnings and have used a debit card as the way you initially funded your casino account, then you will be able to request the casino site operators pays your funds back to the bank account linked up to your debit card.
It can however be quite easy to drain your bank account of funds if you get carried away and many banks will allow you to block gambling related transactions used with your debit card if you want to ensure that you are never tempted to make such deposits in the future.
Credit Cards
New rules have recently come into force in the UK regarding anyone with a credit card being unable to use that credit card to gamble, and as such you will find that in most instances you are not going to be able to use one to top up your casino account.
Be aware though that I have seen a number of casinos that are not licensed or regulated in Great Britain still offering their customers the option of funding their accounts using a credit card and the way the casino operators do so is by labelling the payment as something other than a gambling related transaction.
I strongly advise you against using a credit card to gamble if you do come across such a site for many people over the years have got into financial problems by gambling on credit and there are of course interest payments to be made on such payments too.
But as mentioned you cannot gamble using a credit card as your payment method if the casino site or app you are registered at is fully licensed in the United Kingdom.
PaySafeCard
Those of you that are shying away from using a bank account, debit card or even a web type of wallet to fund your gambling site accounts should consider making use of the service offered by PaySafeCard.
What they allow you to do is to visit any local shop that sells their prepaid vouchers and simply buy one over the counter with cold hard cash.
Once you have requested one of their vouchers and the amount you want credited on it and handed over your cash the shop assistant will then print off your voucher, and you will then need to use the number/code/pin printed on the front of your voucher to redeem that voucher at the casino site you wish to play at.
The main attraction of using the PaySafeCard voucher system is that you can never spend more than the face value of the voucher and will not be charged anything for buying one of them, over and above the value of the voucher.
Just be aware that you cannot withdraw winnings back to a prepaid PaySafeCard voucher so you will need to have another way to cash out and withdraw any winnings you achieve, so always do keep that in mind.
PayPal
PayPal have lots of different rules in place for those who have signed up for their web wallet service and many of those rules are country specific too.
Be aware that if you do have a PayPal account and you live in the UK then PayPal will allow you to use that account to send payments to any gambling related company and will also allow those gambling companies to send your winning back to your PayPal web wallet account too.
This is an option that will suit anyone who does not want to use their bank account and debit card as the way they fund their gambling site or app accounts and wish to receive their winnings to an account other than their bank account.
But as with any other web wallet type of service you should make a not of and compare the fees and charges that PayPal will be hitting you with as a user of their web wallet service to ensure you are not paying too much money for using it as there may be much more cost effective alternative out there.
Bitcoin and Cryptocurrencies
Another way that you could top up your UK casino accounts us by using Bitcoin or for that matter any of the never ending stream of cryptocurrencies that are launching.
There are some pros and cons of using cryptocurrencies however, the benefit is that such deposits do tend to be quick to make and as such you usually do not have to wait for long periods of time before your deposits get credited to your account or have to wait for ages to get paid out your winnings.
However, the downside of using Bitcoin or most other cryptocurrencies and digital currencies is that the value of them can be and often are volatile which could affect the value of your bankroll and affect the value of your deposits and withdrawals too.
But if you do want a rather anonymous way of keeping your gambling related transactions away for prying eyes, then there is a lot to be said about using cryptocurrencies, but as I have mentioned be aware of the volatility of them and also make sure that you familiarise yourself with all of the associated fees and charges that you are going to have to pay when using most of them as well.
Bank Transfers
I would advise some caution if you were thinking about making a bank transfer into a casino or gambling account online, the reason for me saying that is twofold.
Firstly, many banks take a dim view on someone using their bank account to fund gambling accounts and as such if at any time in the future you have done so and apply for a lending facility such as a loan, overdraft or even a mortgage with your bank, they may just ask you about those gambling transactions.
If you do fancy making use of a bank transfer to fund your gambling activities online then I am aware many people wills et up a new bank account for that sole purpose, so that may be something you consider doing and not use your bank account you use for your day to day living expenses etc.
I would also suggest that you make use of the responsible gambling tools and settings at casinos sites too for by for example setting a deposit limit you will not be able to transfer more money into your account if you are losing and risk losing those additional deposits that could quickly drain your bank account.
Neteller
Neteller was introduced back in the early days of online gambling and allows anyone with one of their web wallet accounts to seamlessly move money around the web.
In just a couple of seconds, as long as you have funds in your Neteller account you can top up any casino or gambling site/app account, and request your winnings are paid back to that account.
If you have not used such a service before, be aware to top up such an account you can transfer money into it via a debit card or bank transfer and do the latter to remove funds held in your account.
Many web wallets also issue their own debit cards too, therefore enabling you to access the funds in your account in much the way you would when using a bank issued debit card. Neteller is an ideal way to keep your gambling funds separate form your day to day bank accounts too.
But as always there will be fees and charges associated with using such an account so you will have to factor them in should you decide to make use of such an account.
Skrill
As you will already have discovered from above, there are certainly no shortage of different web wallet type accounts available to you if you are based and located within the United Kingdom, and another one to add to your list of those to check out is Skrill.
Skrill is a long established web wallet by the way, they changed their name several years ago, having previously traded under the name Moneybookers, however their service is much the same as it was when they launched their web wallet service.
You can sign up to utilize one of their web wallets in a matter of minutes, be aware though that much like Neteller and PayPal, there are going to be all manner of fees and charges for using their services.
Plus, as part of their “know your customer” legal requirements, at some point in time after signing up for one of their web wallets you are going to have to supply them with copies of your identification documents and possible a recent utility bill as well.
Once your account has been verified you will then be able to make use of some fairly high transaction limits, allowing you to both fund any gambling site account and withdraw funds form that account rapidly.
Prepaid Debit Cards
There is another way that you could choose as your preferred payment option if you do fancy playing real money casino games online, and that is by you getting a prepaid debit card.
They way they work is quite easy to understand, you simply top up the amount you wish to transfer onto your card and then you can use those funds anywhere that accepts the prepaid card.
That is a good option of those who want to ensure that they never spend more than they had intended to when gambling, as you are never going to be permitted to deposit more into any gambling site or app account for example than you have available as a cleared balance on such a card.
The downside of using such a card is that the fees and charges you are going to have to pay to use a prepaid account can be huge and over time they are going to mount up.
I would suggest you only make use of such a card if you have no other viable and cheaper options available, and for most people there are plenty of other cost effective options available to them, so do keep that in mind.
