Most Used Payment Methods for UK Gamblers Revealed
A deep diver into the impact of casino payment methods as well as the most favoured options among players.
At casinosites.co.uk, we go to great lengths to profile sites that accommodate ALL our users, regardless of their online gambling goals or individual preferences.
One thing you will see in all of our casino reviews is a breakdown of what payment processors a player can use when managing their casino account. This is because available payment methods significantly impact whether a player registers with a casino. So, any casino site worth its salt will offer a sizable list of well-known and verified payment options.
On this page, we get down to the nitty-gritty, looking at the impact of casino payment methods as well as the most favoured options among players.
What Exactly Are Casino Payment Methods?
A payment method is exactly what it sounds like - a method used to make a payment. In the context of casino sites, a payment method is how a player will top up their account to play games with.
Why Payment Methods are so Important to Casino Players?
The importance of a suitable payment method should never be underestimated. Here are some important factors that seasoned gamblers will consider when sifting through a list of available payment methods.
Safety: All UK casino players will want to ensure that their financial data is safe and secure, only using safe and reputable payment options to eradicate the risk of fraud.
Familiarity: Players find comfort in the "known" by using payment methods that they are familiar with and use for other payments outside of gambling.
Cost: Some payment methods charge fees, which can significantly impact a player's bankroll. A growing proportion of players focus on associated fees when comparing their online casino options.
Speed abd Simplicity: Playing casino games is a fun and fast-paced pastime that nearly 40% of Brits partake in. The excitement around games means transferring funds needs to be a simple and seamless process.
Our research into casino player behaviour has identified the most commonly used payment methods on UK casino websites. Here they are:
Debit Card
The largest proportion of online casino deposits are made using debit cards. This is arguably due to the speed, ease, and safety of debit card payments. Debit card payments are also very simple to track, helping players manage their finances effectively.
Skrill
You will undoubtedly have noticed the increasing number of casinos offering Skrill as an accepted method to deposit and withdraw funds. Skrill is a digital wallet, meaning there is no physical card. A digital wallet, also known as an e-wallet, is a digital account that holds payment information, allowing users to make electronic transactions without hassle.
PayPal
PayPal is the most widely used e-wallet globally. Therefore, it is no surprise that online gamblers favour it. It is estimated that there are over 1 million active PayPal accounts! PayPal is a great option for gamblers that do not want to make payments to casinos directly from their bank accounts.
Neteller
Neteller is highly secure and safe, which is why a growing community of casino players are choosing e-wallets to make their online payments. As well as being lightning quick, using a Neteller account means that you do not need to share your card details with your chosen casino, keeping them safe and removing the risk of a data breach.
Apple Pay
Apple Pay is a payment method integrated into iOS devices. It offers users the ability to make instant deposits with the tap of the screen. With the majority of casino players now using their smartphones to access casino sites and play games, using a mobile-first payment provider like Apple Pay makes complete sense. The convenience of Apple Pay is truly unrivalled. It is estimated that Apple Pay has 500 million users worldwide.
Google Pay
Google Pay is an almost identical payment method to Apple Pay, but designed for Android mobile devices. Like Apple Pay, Google Pay makes transactions and withdrawals a seamless process.
Trustly
Trustly is a relatively new payment method. While originating in Sweden, Trustly has been well and truly adopted by British casino players. The open banking platform offers one of the fastest and safest ways to move money between your bank and your casino account. Trustly essentially acts as a casino payment middleman!
Cryptocurrencies
Crypto casinos are currently unregulated in the UK, but that is certainly not to say that they do not exist. In fact, crypto-friendly casinos are continuing to take a larger share of the market. This is because casino players enjoy the speed of paying for games with digital currencies, as well as the anonymity that comes with crypto. When paying with cryptocurrencies, personal information or bank details are not required, providing an extra layer of privacy and protection to players. Bitcoin, Ethereum, and USDT are some of the most widely accepted coins that can be used at casino sites.