Electronic wallets have made online payment procedures much easier. And it should be noted that for online gambling, they also play a very significant role. At present, many online casinos offer a wide range of deposit methods, among which e-wallets usually account for a large part.
By the way, often an important criterion for choosing a casino to play with is the number of safe deposit methods offered on the site. Reliable gambling sites value their reputation and won’t use little-known unverified online wallets.
The UKGC casino’s most common electronic-wallets
E-wallets are one of the most commonly used methods of funding an online casino account, as well as for withdrawals. Many users in the UK do prefer e-wallets for a number of reasons, the main ones being ease of opening an account and simplicity of use. In addition, the transfer is done instantly, just a few seconds and the funds are already on the online casino’s balance.
In general, the most popular wallets among UK gambling operators are the following:
- PayPal: A very popular digital wallet for online shopping, paying for services. Many UK casinos offer it as one of their most convenient and secure payment options.
- Skrill: Skrill, a subsidiary of the Paysafe Group. This e-wallet is often available in the payments section of British-licensed casinos and in casinos elsewhere in the world.
- Neteller: an equally popular online casino deposit and withdrawal wallet, just like Skrill, is operated by Paysafe Group.
- MuchBetter: This digital wallet app allows users to make purchases or deposits using their smartphone or tablet.
- Trustly: A popular and secure deposit option. Highly trusted and popular among players.
- ecoPayz: This is one of the best ways for UK casino fans to fund their accounts. It is in high demand and hence has an equally significant supply.
Although UK casinos have many different deposit methods, credit funds are not allowed for use in the gambling niche. According to current legislation, deposits from credit cards or e-wallets against credit funds are prohibited.
Frequent payment methods at non-UK casinos
One of the reasons for the increased interest of UK players in independent online casinos has been the payment methods available and the lack of regulation by the Gambling Commission and GamStop. Most non UK casinos even accept credit card deposits.
But despite this, digital wallets are one of the most commonly used methods of payment on these sites. This is not surprising, as deposits take only a few minutes and withdrawals are considerably faster than those paid to a bank. Non UK casinos accepting UK players often offer similar e-wallets in their payment portfolios, as do UK operators. For example:
- PayPal: Popular not only amongst Brits, but all over Europe and the world.
- Paysafecard: A payment method not very well known to UK players. This payment method features a prepaid payment method, which provides increased security for payments at online casinos.
- Skrill: Often found in casinos throughout Europe. It is popular with players from all over the world.
- Neteller: Formerly considered a flagship at EU casinos not on GamStop, but the development of e-wallets and their variety has significantly reduced its popularity.
- Trustly: This e-wallet gives a number of advantages, among which are cooperation with more than 100 banks worldwide, speed of transfers and security of transactions. The British and Europeans are fervently appreciating this method of depositing funds into an account.
It is worth noting that these e-wallets are not always available to UK residents for use at non UK gambling sites. In spite of this, the choice of payment methods on these sites is still acceptable and allows for quick and convenient deposits and withdrawals.
Conclusions
In general, we can say that payment methods in UKGC casinos and non-UK gambling sites are similar, with a few exceptions. If we talk about the e-wallets offered, it is safe to say that all gambling platforms have almost identical list of deposit methods. Of course, non-UK based gambling sites may offer some unique electronic wallets, but many of them are not yet available to users from the UK.
