Top Gambling Payment Providers for New Players
Long gone are the days when online casinos and gambling sites accepted one or two forms of payment methods. In today’s gaming market, it’s not uncommon for most gambling sites to accept over 20 different banking options. With so many payment methods available, there are plenty of choices so that everyone looking to play real money casino games and bet on sports can do so - safely and securely. Of course, this is great for players and operators alike.
If you’re newer to the online gambling world, you may think that paying with your debit card is the best way to make a deposit. However, there are many alternatives to choose from, some of which may be better than traditional methods. We’ve highlighted some of the best casino payment methods below. You may not have heard or tried some of them, but we’ve chosen them because they will enable you to make the quickest, safest and most convenient deposits and withdrawals at online gambling sites.
Bitcoin/ Crypto Currency: Bitcoin and other cryptocurrencies have become much more mainstream than a few years ago. Many online casinos and gambling sites accept Bitcoin and Cryptocurrencies because there are many benefits for players and operators. Lower costs and instant and anonymous payments are just some of the reasons why people are switching to using this non-traditional payment method and currency.
Trustly: Becoming more prevalent is Trustly. The Trustly Group is a Swedish fintech company founded in 2008. Trustly is an open banking payment method that allows customers to shop and pay from their online bank account without using a card or app. Trustly is widely accepted at most UK gambling sites and offers an easy instant banking app for fast and fuss-free deposits and withdrawals.
Paysafecard: Though not widely used, Paysafecard is a popular payment choice for some online gamblers because it enables them to stay in control of their gambling budget. Paysafecards are available to purchase via prepaid cards, often available at newsagents and major supermarkets in the following denominations: £10, £20, £50 and £100. To deposit via Paysafecard at online gambling sites, simply select a regulated Paysafecard casino site and enter the 16-digit number on the back of the Paysafecard once you scratch off the foil.
With Paysafecard, spending more than you have is not possible because it’s a prepaid method. The only drawback with using Paysafecard as we see it is withdrawals aren’t supported. If you use Paysafecard to deposit, you will be offered an alternative payment method to withdraw, often via bank wire transfer.
PayPal: PayPal is one of the biggest and most widely used payment providers in the world, so we’re sure that you are familiar with it. The usage of PayPal at online gambling sites has grown exponentially over the past decade. PayPal provides a safe and sturdy way to deposit and is favoured among many because there’s no need to enter any sensitive information directly into your casino account. Many gambling operators accept PayPal for both deposits and withdrawals. When you deposit and withdraw via PayPal, the transaction is completed within your PayPal client, which is highly secure and encrypted. What’s more, new customers can usually benefit from claiming a new player sign up bonus when using PayPal too.
Apple Pay: One for iOS fans; Apple Pay is becoming more and more popular at online gambling sites. Many people use Apple Pay as a convenient and contactless way to purchase items in shops and pay in restaurants. Some gambling operators also accept Apple Pay for casino deposits and withdrawals. Often, you’ll also be able to claim a welcome bonus and free spins offer if you use this method. Like any payment made with Apple Pay, your deposit will be safe, secure, and above all - convenient.
Pay By Phone Bill: Pay By Phone Bill is another lesser-known but still handy payment method that may appeal to new casino customers. This payment method works exactly how its name describes: you can pay with your mobile phone bill. How it works is simple. When depositing, select the ‘Pay By Mobile’ payment provider, which is often Boku or Siru. Follow the onscreen instructions, and the deposit amount will then be applied to your mobile phone bill, which you can pay later.
Like most other payment providers, you will be able to claim a casinos’ welcome sign-up bonus when using this method if you desire. The only drawback to this payment method is that you can only deposit smaller amounts, so it isn’t ideal if you intend to deposit large sums. Often, deposits are capped at £30, and you cannot re-deposit until you have paid the balance on your mobile phone bill. What’s more, this payment method doesn’t support withdrawals, so you will need another payment type when the time comes to cash out your winnings.
Top Payment Providers - Personal Choice
As you can see, there are plenty of new payment methods that may suit you a lot better than using traditional means like Debit cards and slower bank transfers. You have plenty of banking methods as a new player, but this means nothing unless you play at a safe and licensed gambling site. Always ensure you play at trusted gambling operators, which the UK Gambling Commission licenses. This way, you will have plenty of safe and secure payment methods at your disposal, have access to legit games and fair bonuses, and you will always get paid fair and squarely.