Most Popular and Safest Payment Methods for UK Gamblers
Casinos usually provide different payment methods to attract customers, besides offering free spins and other bonuses. Fast and secure payment methods are a significant concern to most gamblers, so most gambling sites accept different options to make transactions convenient and quick. With so many options on the market, most gamblers are still confused about the most suitable for fast gambling. An ideal banking method ought to be safe and trustworthy before anything else.
Most people around the world are conversant with credit cards in making transactions, but not all casinos fully recognize credit cards in their dealings. Sometimes, credit cards are not allowed by some licensing bodies to prevent impulsive gambling and unnecessary debt.
Since gambling is a high-risk industry due to its association with money laundering, organized crime, and terrorism financing, a four-digit Merchant Category Code is used in credit cards to identify the merchant’s type of industry. The code blocks any gambling merchant from making a payment in a region where gambling is banned. This renders the use of credit cards in making gambling payments irrelevant.
This article will outline three of the most popular and safest payment methods for UK gamblers.
Boku Payment Method
Many online mobile gambling payment methods have been improvised with the emergence of mobile casino games. These methods involve depositing funds to your gambling account through a mobile network provider at a fee. An excellent example of these phone bill payments methods is the Boku casino mobile payment which is one of the largest phone bill payment method. It allows you to use your phone number to authorize a transaction even for the New Nektan Casinos. The transaction fee is then added to your phone’s bill.
Boku’s mobile wallet service allows for easy and quick transactions, even in casinos. Your mobile wallet is linked to your phone number to enable you transact efficiently. Besides, you can recharge your wallet using cash.
Most gamblers are oblivious to e-wallet deposit methods in casinos. However, most younger players prefer using a payment provider that is more modern and far from a traditional debit card method. There are numerous online e-wallet solutions available, including PayPal, Skrill, Netteller, PaySafeCard, and EcoPayz.
Since its inception, PayPal has become very popular, especially in funding casino accounts. The best thing with PayPal is that it takes less time to register for free, unlike a traditional debit card. Besides, it generates instant deposits and withdrawals.
Consequently, some gamblers prefer using PaySafeCard, considering it is among the safest method of transacting funds into a casino site. Others prefer Skrill and Netteller, which the PaySafe Group owns. Both are easy to use, considering they use the same transaction processes as other e-wallets. Besides, deposits and withdrawals are quick, and they can be transacted directly to a bank account.
If all other methods mentioned above fail, you can still transact funds in your gambling account using bank wire transfer. Simply enter your code and account number, nominate a stake, make a deposit, and proceed to play your favorite roulette, blackjack, or other games. However, this is not the best alternative when withdrawing since the withdrawal process is quite lengthy.
Bank wire is used as the last resort when depositing funds to gamble. Withdrawal requires you to have your bank details at hand, but it takes a bit longer. The other bank transfer option is knowns as the instant bank transfer. It can be used to make instant deposits to sites considering it features an option for moving the funds directly into your account.
Modern gamblers across the UK have numerous methods for transacting money into their gambling accounts. These options range from e-wallets, phone bill payments like Boku casino, and bank transfers, to mention a few. The various payment methods vary in reputation, review, privacy, bonus, and processing speed; thus, you are obligated to choose the best way for yourself. Most importantly, check out the various requirements, local gambling laws, and possible transaction charges before spending your money to engage in a gamble session.