Most Popular UK Payment Methods
Here, we’ll go through the most popular casino payment methods and highlight their advantages and disadvantages:
Debit Cards
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: 1-3 working days |
| Valid for Welcome Bonus: Yes | Availability: 100% of casinos |
Debit cards are the most popular way to make an online casino deposit. With most of us having a debit card, especially in the UK, all UK casinos will accept debit cards such as Switch, Maestro, Visa Electron and Visa Debit (amongst others).
When making a deposit, you need to enter the exact name on the card, the long 16-digit number, the expiry date and the 3-digit CVV number on the back. The online casino will encrypt these details, so it’s totally safe. With casino withdrawals taking between 1 and 3 days on average, using a debit card will always allow you to claim a casino’s welcome bonus.
PayPal
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: 1-24 Hours |
| Valid for Welcome Bonus: Not Always | Availability: 60% of casinos |
Especially in the UK, PayPal is an extremely popular choice amongst slot players. The e-wallet solution is quick and very secure. With over 300 million PayPal customers around the world, it can be used online nearly everywhere. Using PayPal enables you to protect your bank account details at all times.
With instant deposits, a real advantage of using PayPal is the speed of withdrawals. Most casinos will process PayPal cashouts in a few hours and even in a matter of minutes in some cases. However, PayPal sometimes isn’t allowed to be used to claim a welcome bonus/offer.
Apple Pay
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: 1-3 working days |
| Valid for Welcome Bonus: Yes | Availability: 70% of casinos |
With so many of us having an iPhone or iPad, Apple Pay casinos have grown in popularity significantly. You can add your bank card details to the Wallet section on your device. This is then saved. With most of us taking our smartphones everywhere we go, there’s no need to carry a wallet or purse. When you go to pay for something, you will be asked to confirm your payment using your phone PIN, face ID or Touch ID.
Apple Pay is basically for mobile slot players. With more and more of us playing slots on our smartphones, having our bank details on our phones makes perfect sense to deposit at a casino. As Apple Pay is connected to your bank account, it will take up to 3 working days to get your winnings. Where available, Apple Pay can be used for welcome bonuses.
MuchBetter
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: 1-3 working days |
| Valid for Welcome Bonus: Yes | Availability: 50% of casinos |
MuchBetter is an award-winning e-wallet provider created specifically for the gaming industry. Accessed via a dedicated MuchBetter app, your debit card details are protected via their high-security system. Deposits are simple and instant, too. You can also withdraw with ease.
Many UK-licensed casino sites are now offering the popular payment method. Perfect for mobile slot players, MuchBetter deposits are valid for more welcome bonuses, too. On top of this, MuchBetter offers their users exclusive bonus offers via their app. Finally, there is a MuchBetter Mastercard, which can be connected to Google Pay.
Boku
| Deposit Time: Instant | Deposit Limits: £10-£30 (average) |
| Fees: Free | Average Cashout Time: NA |
| Valid for Welcome Bonus: Always | Availability: 30% of casinos |
If you play online slots on your mobile device, Boku casinos may be your best option for depositing. With no Boku account to set up or a dedicated mobile app to download, Boku is probably the simplest casino payment method available to UK players.
There’s no need to enter your payment details as the deposit amount is added to your monthly phone bill or deducted from your pre-paid or pay-as-you-go balance. Pay-by-phone casinos require you to enter your mobile number and deposit amount. Confirm the transaction and reply to the text message to complete your deposit. With deposit limits up to £30, it’s a superb choice on the go for a quick, free and simple deposit.
Neteller
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: Instant-2 working days |
| Valid for Welcome Bonus: Sometimes | Availability: 80% of casinos |
Neteller was once the most popular way to deposit at online casinos. Whilst some players now prefer more modern methods such as PayPal and Apple Pay, it remains a mainstay at online casinos in the UK.
Neteller casinos also usually offer instant deposits and withdrawals, giving it a big advantage over other payment methods. It’s also great for high rollers, thanks to generous maximum deposit limits. Finally, Neteller has been helping slot players cash in and out since 1999! With over 20 years of experience handling payments, you can rest assured it’s safe and secure.
Bank Transfer
| Deposit Time: 1-5 working days | Deposit Limits: £20-£50,000 (average) |
| Fees: Small Fee (average is £2) | Average Cashout Time: 1-5 working days |
| Valid for Welcome Bonus: Yes | Availability: 100% of casinos |
All slot sites will allow bank transfers as it’s the most basic way of making deposits and withdrawals. It’s commonly used with VIPs or high rollers who make larger deposits and/or withdrawals. When you deposit via a bank transfer/wire, it will take up to 5 working days to hit your casino account.
In terms of cashing out your winnings, it’s just as slow, unfortunately. Furthermore, many casinos will charge a small transaction fee for bank transfers. This is typically a tiny percentage or a fixed amount around the £2 mark. Finally, bank transfer casino deposits are valid for a casino’s welcome offer.
Trustly
| Deposit Time: Instant | Deposit Limits: £10-£5,000 (average) |
| Fees: Free | Average Cashout Time: 5-15 minutes |
| Valid for Welcome Bonus: Yes | Availability: 60% of casinos |
With all of us having online bank accounts these days, playing at Trustly casinos is a no-brainer. Connected with over 8,100 merchants and 6,300 banks, all you need to do is select Trustly when depositing or withdrawing, enter the amount and log in to your online bank account.
The process is simple, secure and extremely fast. Cashouts take between 5 and 15 minutes on average, and deposit/withdrawal limits are between £10 and £5,000. On top of this, a Trustly deposit is valid for all casino welcome offers as it uses your bank account. What more could you want?
How to Choose the Best Payment Method
This section looks at the top online casino payment methods with a focus on all the important elements a slots player needs to consider when making a deposit and/or withdrawal.
Our aim here at Online-Slot.co.uk is to offer enough information to help you enjoy a hassle-free experience when depositing and withdrawing your funds at an online casino in the UK. Here’s a brief overview of online gaming payments and what you should consider:
Deposit and Withdrawal Limits
When making casino deposits, you need to consider the deposit limits a UK casino offers. Most start from £10, with a few offering a £5 minimum deposit amount. However, with most deposit limits ranging up to £5,000 generally, some online casino payment methods have limitations of up to £30 per deposit. If you take Boku, for example, the maximum deposit allowed is £30 per day.
This varies from casino to casino, too. Finally, withdrawal amounts are normally set at £10, with some casinos setting the minimum at £20.
Withdrawal/Cashout Times
This is probably the most critical element for a regular online slots player. Cashing out or receiving your winnings as quickly as possible is the aim of the game here. However, it all depends on which payment method you opt for. If you’re using a debit card or bank transfer, your winnings will be back in your account within 2-5 business days on average.
On the other hand, an e-wallet payment method such as PayPal can see your winnings in your account within minutes. The average withdrawal is within 24 hours.
To get your winnings quickly, check out our list of Fast Payout Casinos.
Furthermore, some casino sites process withdrawals multiple times a day, meaning you won’t have to wait long once you’ve initiated a cashout. Some process cashouts once a day and some don’t process any at weekends. You may get a big win on a Friday evening, only to find you need to wait until Monday morning before the payments team is on hand to process your request.
Fees
In terms of fees, there are 2 types: fees imposed for the casino payment method or by the online casino themselves. If you take PayPal, for example, most PayPal casinos give you free withdrawals.
A bank transfer normally involves a cost such as £2.50 per transaction.
Availability
With so many casino deposit methods in the UK, some may not be available. For example, gambling on credit cards was banned in April 2020 by the UK Gambling Commission. They found that 22% of online gamblers using credit cards to gamble online were classed as problem gamblers, which could lead to significant financial harm.
Various online gaming payments are specific to certain countries, like iDeal in the Netherlands and Teleingreso in Spain. If you take the more commonly known PayPal, UK slot sites need a PayPal operating license to offer this deposit method.
Devices
With advances in technology, there has been an influx of mobile payment methods in recent years. The likes of Boku, Payforit, Zimpler, Apple Pay and Google Pay casinos have risen in popularity.
While the likes of top e-wallets like Skrill, PayPal, and Neteller have dedicated mobile apps, the likes of Pay by Phone allow you to simply make a deposit with no passwords or card details. Any deposit amount is added to your next monthly phone bill or from your available credit balance if you’re on pay-as-you-go.
The most popular mobile payment method in recent times is Apple Pay. The way it works is that you add a credit or prepaid card to your Wallet app on your iPhone or iPad. When you go to pay, you tap the Buy with Apple Pay button. Once you’re happy, place your finger on Touch ID or enter your passcode to complete the transaction. It’s that simple.
Restrictions/Limitations
Restrictions or limitations can include deposit/withdrawal limits and cashout times. However, the focus here is placed on the actual online casino. Some UK casinos will only allow certain online gaming payment methods to be used when claiming the welcome bonus.
Most, if not all, UK casino bonuses have certain restrictionsso make sure to always check the Terms & Conditions.
KYC & AML Checks
If you play slots regularly online, you would have heard the term Know Your Customer (abbreviated to KYC). This is a process used by UK casinos to verify the identity and financial information of their customers. Casinos must ensure that their customers are genuinely who they claim to be. It is significant in the fight against financial crime and money laundering.
This is a requirement from the UK Gambling Commission.
Casino Payment Methods Summary
Can’t make your mind up? Here’s a table highlighting the average deposit and withdrawal time, the minimum and maximum deposit and cashout limits and fees. It’s important to consider this is the average for each online casino payment method and depends on a casino-by-casino basis.
| Method | Min Deposit | Cashout Time | Min Cashout |
 |
£10 | 1-3 Days | £10 |
 |
£10 | 1-24 Hours | £10 |
 |
£10 | 1-3 Days | £10 |
 |
£10 | 1-24 Hours | £10 |
 |
£10 | 1-24 Hours | £10 |
 |
£10 | 1-24 Hours | £10 |
 |
£10 | NA | NA |
 |
£20 | 2-5 Days | £20 |
 |
£10 | 1-3 Days | £10 |
 |
£10 | NA | NA |
 |
£10 | 5-15 minutes | £10 |
FAQs
For UK players, debit cards are the most popular way to deposit and withdraw at an online casino. E-wallet solutions such as PayPal, NETeller and Skrill are commonly used. There’s also a rise in mobile payment methods such as Apple Pay, Boku and Pay by Phone.
Selecting a payment method should be secure, hassle-free and quick. You should look into deposit/withdrawal limits, fees, cashout times, availability, KYC/AML checks and restrictions/limitations.
E-wallet solutions are known for being the quickest way to cash out your winnings. You can expect your winnings in your account within a matter of minutes at many top UK casinos.
It depends. Using a bank transfer will normally incur a fee, while e-wallet solutions tend to be free. However, each online casino can incur a small transaction fee for withdrawals. Any fees are highlighted in our detailed casino reviews.
