One of the significant differences between brick-and-mortar and online casinos is how payments are handled. With land-based casinos, you can take cash to the cashier’s cage and exchange it for coins or chips. However, online casinos use internet-based payment methods for deposits and withdrawals.
If you are a UK player that loves to play at online casinos, you may be wondering which payment methods are the safest to use. This article will explain the best and safest casino payment methods in the UK and provide some tips to help you enjoy the best gambling experience. So without further ado, let’s get started.
E-Wallets
Electronic wallets are among the safest casino payment methods that the best UK casino sites accept. The beauty of e-wallets is that they are not linked to players’ bank accounts. So you don’t need to provide your banking details when you want to deposit and withdraw winnings at your UK online casino.
Besides, most e-wallet providers use top-notch security protocols to protect users’ money and details. In some cases, they require users to provide verification documents before using their services limitlessly. The most popular e-wallet options that UK casino sites accept are Skrill, PayPal and Neteller.
Cryptocurrencies
This is another safe casino payment method available at some top betting sites in the UK. Cryptocurrencies operate on blockchain technology. It uses cryptographic keys and other advanced encryption technologies to ensure that all transactions are safe. This payment option is even more unique because it provides users with some form of anonymity. Thus, you don’t need to reveal your personal information to send or receive funds in your crypto wallet.
Several crypto casinos in the UK accept options like Bitcoin, Litecoin, Ethereum and Tether. They process crypto payments quickly and usually without a fee. However, if you will be using this option at UK casino sites, you should know how volatile it is. The value of a crypto coin can rise or fall at any time.
Instant Bank Transfers
While the UK Gambling Commission forbids credit cards at online casinos, players can use bank transfers, which are also pretty secure. You can send money directly from your bank account to your betting site using internet banking or other related options.
This option is safe because users are in complete control of the transaction. They need to authenticate the transaction before funds can be deducted from their account. Some financial institutions enable two-factor authentication (2FA) on users’ accounts to further protect them. After signing in to authenticate the transaction, you will also need to enter a 2FA code to verify that the transaction originated from you.
Mobile Payment
Another safe casino payment method you can use when playing at online betting sites in the UK is mobile payment options. These include PayByPhone, BOKU and Payforit. Mobile payment options allow you to perform transactions and add them to your prepaid or postpaid telephone bill.
The good thing about this payment option is that you don’t have to worry about entering your banking details, which translates to more security. Besides, before any transaction is processed, you have to authenticate it by confirming the deposit message you receive from the payment provider.
While mobile payment options are safe, be aware that they have lower limits than most other options and only work for deposits.
In a Nutshell
We’ve discussed some of the safest casino banking methods available in the UK. This includes e-wallets, cryptocurrencies, instant bank transfers and mobile payments. Remember that the UK gambling law does not allow players to perform transactions using credit cards, which explains why it’s not on the list.
Regardless of how safe the options we’ve listed are, you must play at a top betting site to enjoy the best gambling experience. Also, ensure you follow all standard security precautions to avoid falling victim to scams. Do not enter your payment details on a casino site that is not secure or over a public WiFi. Likewise, avoid saving your banking details on your device or web browser, which can open you up to risks.
