Top 6 Proven Payment Providers for Online Gambling in UK
One of the major concerns when gambling online is how to safely deposit and withdraw funds from your casino wallet to your bank account. Thankfully, as broadband technology has evolved to increase speed and security of transferring sensitive data, payment services have been built to facilitate the movement of high value transactions. Many of these payment options remove the need to reveal sensitive data, making online gambling swift and secure.
The growth and development of these reliable payment providers has greatly improved the overall experience at online gambling sites like casinos, bingo and poker rooms, sportsbook and more. To help UK players decide which payment providers they'd like to utilize while gambling on the web, we compiled a list of the top 6 most proven payment providers for British gamblers:
MasterCard is one of the world’s most recognisable card payment systems, with more than 23 billion transactions processed through its global network every year. The brand offers credit cards, as well as debit cards and prepaid cards, and is provided by the majority of British high street banks, including:
- Bank of Scotland
MasterCard is supported by almost all online casinos. The company has also recently launched an eWallet account called MasterPass, in order to compete with the popular sector of online wallet systems. Both card and eWallet come with a series of built-in security measures, including SecureCode, optional mobile verification, and a 24/7 fraud help line. Head over to partycasino now to deposit with a MasterCard casino today!
Paysafecard is a prepaid online payment solution that provides you with a way to make online payments to casinos using cash. It works a bit like a mobile phone top up card. You pay cash at a sales outlet for a Paysafecard voucher which contains a 16-digit code. You can then use this code to pay for things online like casinos. Here’s how it works:
- Find your local sales outlet using the search feature on the Paysafecard website
- Buy Paysafecard vouchers there. You can choose EUR 10, 25, 50 or 100
- Pay at the casino/betting website by entering the 16-digit Paysafecard PIN if they offer Paysafecard as a payment method in the deposit section.
For online casino or betting website purposes, it can be used in 2 ways:
- Pay direct at an online casino or betting website who accept Paysafecard
- Use the voucher to add funds to your E- wallet (both Skrill &Neteller accept these vouchers as a wallet funding method). Then use the E-wallet to make the deposit at the casino.
Paysafecard is part of the Paysafe Group who also own Skrill and Neteller e-wallets. It is a secure, swift and convenient method and is ideal for those who want to use cash instead of a bank or card. You can open an online account for free and there’s no fee for buying a voucher or spending it, but other fees and transaction limits do apply.
Like MasterCard, VISA is immediately recognisable in almost every country on the planet as one of the most-used electronic payment systems. Although VISA does offer credit cards, over 70% of its business in Europe is through debit and electron cards, offered by UK banks such as:
- First Direct
- Co-operative Bank
- M&S Bank
- Nationwide Building Society
- Tesco Bank
The main difference between VISA Debit and VISA Electron is that the latter is offered on accounts where the account may not be eligible for an overdraft, meaning that payments on electron cards will not be processed unless the funds are physically in the account, removing the risk of going overdrawn. Play today at Casumo Casino, an online casino supporting VISA Debit and Electron for deposits and withdrawals!
Owned by the British company Paysafe Group, NETELLER was originated in 1999 in Canada. It moved its base of operations to the Isle of Man in 2004 so it could be regulated in the UK and European markets, combining with Netbanx and Optimal Payments under the Paysafe banner. A year after its creation, NETELLER proved to be one of the most popular payment platforms for online casinos, at the time responsible for processing transfers for 80% of the world’s gambling industry.
However, its exodus from the US and Canadian markets saw this shrink as it moved to diversify its business. Today it operates in over 200 countries, including the UK, through the MasterCard payment system, and offers a physical Net+ Prepaid MasterCard. Like many casinos, NETELLER offers a VIP system, with five levels based on how much you use the account. NETELLER offers its prices in USD ($), so it will be the GBP (£) equivalent depending on exchange rate:
- Bronze – $10,000 per year
- Silver – $50,000 per year
- Gold – $100,000 per year
- Platinum – $500,000 per year
- Diamond – $2,000,000 per year
Benefits of being a VIP include discounts on withdrawal and transfer fees, higher transfer limits, and lower currency conversion fees. Use NETELLER to fund your casino account at Casinoland today!
Skrill, previously known as Moneybookers, is an eWallet system similar to NETELLER. Since its $1.1 billion acquisition by Paysafe Group in 2015, it now operates under the same parent company. With Skrill’s own acquisition of the UK-based Ukash system the same year, it is now one of Europe’s leading eWallet services, accepted by over 150,000 businesses around the world, including many online casinos. Just like NETELLER, Skrill operates a tiered VIP service, with four levels that each come with quarterly requirements:
- Bronze – €6,000 per quarter
- Silver – €15,000 per quarter
- Gold – €45,000 per quarter
- Diamond – €90,000 per quarter
It is free to receive money into your Skrill eWallet, but there is a charge to send money of 1.9%, up to a maximum of €20. However, these fees are reduced the further up the VIP system you progress. See what advantages come from depositing with Skrill by visiting a top Skrill casino like Rizk Casino!
Primarily associated with auction website eBay, of which it was a subsidiary until 2015, PayPal has over 20 million customers in the UK alone. It is an eWallet service that allows you to manage multiple debit, credit, and bank accounts in one virtual space. It is accepted by a vast number of online casinos, and comes with a dedicated app to help send and receive funds.
PayPal is free to use when transferring money between accounts in the UK, although there is a charge of 3.4% plus 20p per transaction if using a credit card. There are currency conversion fees if playing in non-UK casinos, which differ between countries. Try depositing with PayPal today at Leo Vegas! If Leo Vegas doesn't spark your interest, check out our list of the top 10 PayPal casinos in the UK!
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