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Online gambling payment methods

By Ville Saari. Updated:

Want to manage your money well when playing? There are a ton of different banking methods available for UK online casino players, and with so many options, it can be hard to know what is the best for you. We here on Bojoko want to make this easier for you. Here you can read all about them and how they differ from one another.

Here we present some common UK casino banking options and illustrate their pros and cons. Learn how online banking works on casinos and what is the right transfer method for you.

Getting started

To play at an online casino, you need to deposit real money into a new online casino to have funds. And then if you win, you’ll then want to withdraw your well-earned cash in little to no time.

These money transfers can be made in different ways, depending on your personal banking preferences. 

You'll find no shortage of choice for money transfer methods to power your online gambling. Picking the right one for the right context is key.

Common deposit methods for UK players:

Tips for beginners

Online banking methods

Benefits and drawbacks at a glance

Here are some key points you should know about various online casino banking options. We compare and contrast each method, highlighting its strengths and emphasising the important bits you care about: transaction fees, deposit and withdrawal times and ease of use.

When you compare the methods and find one with these things at good enough level for you, then that deposit method is a viable option. For example, you don't want to wait three days for a wire transfer to go through if you want to play right now, and a £2 flat transaction fee is too much if you only plan to deposit £10.

Credit and debit cards in UK casinos

IMPORTANT: Starting 14th April 2020, online and land-based casinos in the UK no longer accept credit cards. However, the use of debit cards for gambling is NOT affected by this ban.

Paying for online transactions by card will come naturally to you, so it’s no surprise that these can be used in casinos too. These are the easy option with no bells or whistles.

Debit cards are widespread on a global level and their ease of use and functionality – both in the online and offline worlds – make them the perfect candidate for top online casino payment methods.

Leading payment cards

Card payments in a nutshell

Using credit cards for online gambling

Making an online casino payment by card is a very quick and simple process preferred by many players. This is mostly because cards are widespread and can be used to pay for a lot of other things.

You don't need to create an extra account or introduce a third party payment service to make your casino transactions by card.

Even though transaction fees generally apply and withdrawal times can be slower than other methods, cards are here to stay. Use them if you’re after a hassle-free, time-tested payment option that is as secure and reliable as they come and does the job on the spot.

Mobile payments

With mobile casinos steadily on the rise and gaining traction, mobile payments are here to facilitate the experience. Speed and convenience are the key factors here, as these methods work easily wherever you are.

You can make mobile payments in mobile casinos, so you never have to use anything other than your phone. The process is carried out via text messages (SMS).

Leading mobile payments:

mobile payments in a nutshell

Using mobile payments for online gambling

Mobile payments are for those who prize convenience above everything else and are willing to fork out a couple of extra quid for it. Boku is the leading mobile payment provider in the UK, along with the native mobile billing service Payforit. 

If you'd like to gamble using just your phone, there methods that work seamlessly on mobile from start to finish. The upside is that SMS encryption bolsters your security and makes transferring funds really easy.

On the other hand, the downside to mobile payment methods like Boku and Payforit is that you won’t be able to use them to withdraw your money. This could change in the near future, so keep checking our reviews to keep up to speed with new features.


E-wallets provide a solid, multi-feature banking solution that's highly rated across the board. E-wallets offer a digital place to store your funds for online transactions. These methods are great for active players who value security and make a lot of transfers.

PayPal is the most well-known and popular e-wallet in the world, and a favourite money transfer method for UK casinos. Other e-wallets include Skrill and NETELLER, which have been built purposely to support online casino players with transferring their money. 

Leading ewallets:

ewallets in a nutshell

Using ewallets for online gambling

E-wallets get you a strong security guarantee and plenty of attractive benefits and promotions. Examples are PayPal’s user-friendly interface and the refer-a-friend program for NETELLER, as well as the typically excellent levels of customer support.

The all-in-one e-wallet solution means you can both deposit and withdraw with the same facility, sparing yourself extra transaction charges.

Withdrawals generally incur a minor fee and might take a couple of hours (or 1 working day for PayPal) to process.

This banking method is perfect for players who are fully invested in playing casino games and spend a fair bit of time playing them.

Cards issued by eWallets and others

E-wallets can also issue debit cards for use in online casinos. You can use the card to make transfers that are debited directly from your e-wallet.

These cards combine the ease of debit cards with an extra layer of security. These card numbers are never able to access your personal funds.

alternate cards in a nutshell

Using alternate cards for online gambling

If you'd like t to keep your online casino payment options separate from your offline day-to-day accounts, debit cards issued by e-wallets and others are just right. 

You'll have a source of funding cut off from your main bank account, keeping your finances safely distinct.

While not strictly an e-wallet, Trustly also provides a debit card facility for players who want to withdraw funds and make purchases with a card that is separate from your regular bank cards

Online (instant) banking

Online banking options are handy for making secure money transfers directly from a bank. Also called instant banking, it works by enabling a safe login with your regular online banking access codes without the need for you to register an account.

Instant banking services transfer funds instantly to your online casino of choice when you’re all set for gameplay. These are the safer modern equivalent for debit cards.

Leading instant banks

instant banking in a nutshell

Using Instant Banking for online gambling

Instant banking gives you the same peace of mind of other methods that don't share your personal or financial details with the casino. The two-factor authentication process makes it extremely difficult for outsiders to gain access to your account, by any means.

The two-way transaction speed is another plus: instant banking clears deposits and withdrawals in a matter of a few days, if not hours.

Invoice payments

You can choose to pay by invoice with certain online casino payment methods. 

invoice payments in a nutshell

Using invoices for online gambling

Paying by invoice allows you to postpone payments to a more comfortable time. This is extremely convenient if you like to keep a close eye on your finances and organise all your payments in bundles.

However, it’s important to remember that these payments still have a deadline, and you’ll need to keep track of your pending payments to avoid fees added on to the final bill. 

Players seeking greater control over their payments can opt to pay by phone bill. The biggest advantage is that you can play now and pay later, and the limits are in your hands.

Prepaid cards

Prepaid card payments are useful in a unique way. They're a source of money completely independent of where your savings are stashed. 

This makes them one of the safest online casino payment options available, and issues are highly unlikely to arise.

Prepaid cards in a nutshell

Using prepaid cards for online gambling

Paysafecard is the most popular prepaid card service and the perfect choice for players who give their privacy top importance. 

It’s also the right choice for those who have neither debit cards nor online banking facilities, or who want to avoid jumping through all kinds of financial hoops when playing in online casinos.

Recommended banking methods for UK players

With so many options, it is easy to see that new players might not know what is the best option for them. You could go ahead and try them and see what you like, but that would require multiple deposits and that's not feasible for everyone.

Here are some quick recommendations. With these, you can hit the ground running.


Easy to use


Casino withdrawal times

How long you need to wait before payment is processed and delivered to your preferred payment method varies drastically. Luckily, exchanges between UK accounts are quick, keeping waiting times to a minimum. What remains in the equation is therefore how fast the casino processes your withdrawal request.

In each casino review, you will be able to see the official withdrawal time, and our expert reviewer will also list how fast or slow their withdrawal time was. This should give you a good indication. 

However, we wanted to go one step further, and have therefore tested the actual withdrawal times for specific casinos. In each test, the average withdrawal time was faster than expected, though there was often a big difference between the tester with the fastest and the tester with the longest withdrawal time. You can see the full list of casinos we have tested so far below:


There is no one answer to this question. There are some methods that suit one group of players and some that suit another. That being said, here are some of the most popular and well-liked methods for UK players:

Simple answer, yes. Some methods, like eWallets and prepaid cards, do have better security, but every single method is safe by default.

If you are worried about your safety and want to go that extra mile, then use methods that have extra layers of protection. These inclue limited accessible funds, multi-level authentication and single-use codes.

If you are interested in casino bonuses, then some deposit methods are not good for you.

eWallets are almost always restricted when it comes to deposit bonuses. This is due to potential bonus abuse, so casinos have decided to outright remove the option for them. You can see which deposit methods are not allowed in the casino's bonus terms. These restrictions only affect bonuses.

User identification, or generally known as KYC - Know Your Customer, is a requirement set by legislators. Gambling laws require that they know who you truly are and this is why casinos ask you for proof of identity, address and deposit.

It is important that money can be traced and that in the case of criminal actions, casinos are not used to launder money. For a normal person, these are just a small extra step that needs to be done once in each casino and that's it. In the grand scheme, these steps are there to follow the movement of criminal gains and restrict organised crime.

Ville Saari

Article by:

Ville Saari

Ville is an industry veteran, who has written thousands of gambling-related reviews and articles since 2009. He is an IT engineer with a passion for game and strategy optimisation, and to teach the world to play better.

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