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The UK is one of the leading iGaming jurisdictions globally from a regulatory standpoint. The operators are not allowed to serve British players unless they have a legit licence from the UK Gambling Commission — a regulatory body that oversees all gambling activity in the country.

To gain approval from the UKGC, online gambling brands must adhere to strict responsible gambling rules and comply with specific licensing requirements — they need to provide annual security audit reports, require their players to go through stringent KYC verification checks and more.

Still, there’s no shortage of legal options for UK online casino fans. When deciding which one to pick, one has to take into account numerous factors, not the least of which is banking.

The good news is that UK gambling brands offer a wide range of casino payment methods, most of which will allow you to get money to and from your account quickly and safely. Still, not all banking solutions are created equal — some boast faster processing times, others utilize stronger security protocols — and if you want to have the best gaming experience possible, you must choose the finest options.

This page breaks down all banking methods used by UK online casinos and highlights their hits and misses while exploring the key features of each payment gateway.

Ways iGaming Operators Guarantee Security with Payment Transactions

Cyber threats are always a major concern for online casino players, given the amount of sensitive data they provide during registration and for every transaction. Fortunately, many technical standards imposed by the UKGC also include security elements. In other words, licensees are required to use bulletproof security mechanisms to protect their servers and players’ personal and financial details.

Here’s which payment methods UK casinos use to prevent a data breach during transactions:

The Importance of Localisation

Every online gambling business serves customers from various markets and tries to cater to the needs of its users, regardless of the country it’s from. For instance, if a site accepts players from the UK, it needs to include payment providers that are specific to that region, like PayPal, Trustly, Paysafecard, as well as a few APMs (Alternative Payment Methods).

That way, patrons can make deposits and withdrawals seamlessly, as they will be using a method that they are already familiar with. Likewise, if the same platform accepts Canadians, it should add Interac or other Canadian-friendly banking gateways.

By the same token, an online casino should accept multiple currencies, taking into account the preferences of its users. Players shouldn’t be ripped off on conversion fees each time they make a payment but rather be able to carry out their transactions with no additional costs.

Online casinos in the UK typically offer numerous withdrawal and deposit methods. However, it’s worth mentioning that some of these providers can’t be used both ways — you can only use them for deposits. As a result, you may have fewer cash out options.

Each of these payment solutions is unique in its own regard, and all of them have their advantages and disadvantages.

Below, you’ll find an overview of each payment method, along with its features and reasons why it is a great choice for casino payments.

Withdrawal Speed

There’s nothing more frustrating than having to wait for an eternity to cash out your hard-earned casino winnings. Some payment processors have notoriously slow processing speed, while others excel in this regard.

Let’s go over a few lightning-fast payment methods you can use in UK casinos:

Convenience

When signing up with an online casino, you’ll probably want to get in on the action as soon as possible. If you choose any one of the following payment options, you won’t have to jump through any hoops, as these methods are easy to set up and use:

Security

We can’t emphasise enough how important choosing a secure payment method is. Gambling operators utilize their proprietary security grid to protect every transaction. They also have strict KYC verification protocols in place to prevent money laundering and underage gambling.

Still, with real money on the line, one can’t be too cautious when choosing a payment method for their casino expenditures. It’s paramount that your chosen provider takes maximum security measures to ensure that your transactions are protected from data theft at all times.

With that in mind, we present three of the safest casino payment methods in the UK:

Comparison of Online Payment Methods in the UK

Gambling sites in the UK differ amongst each other when it comes to the number and the type of payment methods supported, associated fees, processing times, and limits. Also, each operator has its own bonus policy that may imply that certain banking methods are excluded from promotional offerings.

Our team has compiled a list of mainstream payment methods in the UK, along with some additional info that may help you choose an option that suits your gaming needs best.

Payment Option

Fees

Processing Time

Limits 

Debit Cards (VISA, Maestro, MasterCard) None Deposits instant; cashouts 1–5 business days £10–£20,000
Google Pay None Deposits instant; cashouts 1–5 business days £10–£5,000
Apple Pay None Deposits instant; cashouts 1–5 business days £10–£5,000
PayPal None Deposits instant; cashouts 24–48 hours £10–£5,000
Skrill None Deposits instant; cashouts 24–48 hours £10–£5,000
Neteller None Deposits instant; cashouts 24–48 hours £10–£5,000
ecoPayz None Deposits instant; cashouts 24–48 hours £10–£5,000
Paysafecard None Deposits instant; can’t be used for cashouts £10–£1,000 per transaction (you can use multiple vouchers)
Bank wire None for deposits (cashouts may incur some fees) 2–10 days for deposits; 5–28 days for cashouts £20–£50,000
Cryptocurrencies None for deposits; cashouts may incur small mining fees Deposits instant; around 24 hours for cashouts £10–£20,000
Trustly None Deposits instant; cashouts 24–48 hours £10–£5,000

Banned Payment Methods in the UK

For years, credit cards were the top choice for most online casino players in the UK. This changed in April 2020, when the UKGC introduced a ban on making casino payments via credit cards in an attempt to curb problem gambling. The measure is supposed to add another barrier of protection by preventing users from spending more than they can afford to repay. This prohibition also applies to credit card gambling via e-wallets.

Apart from credit cards, no other payment providers are forbidden in online casinos.

Summing Up

Now that you’ve learned the nuts and bolts of the most commonly offered banking methods in UK casinos, you can make a more educated decision when you decide to swing into action.

All bonus offerings featured on Gamblizard are from trustworthy casino operators that not only accept UK players with open arms but also allow payment options discussed on this page.