When you play at a new online casino, you’ll find that there are many different payment methods available to you. The most commonly used way to deposit money is via credit/debit card, as it’s so quick and convenient, however new slot sites also offer loads of other payment methods too, some of which you might not have seen before.
On this page, we’re going to run you through the other main options you can use to fund your online casino account, so you choose the one that is perfect for you.
E-wallets are exceptionally popular with online casino players, and there are three companies most commonly found at sites: PayPal, Neteller and Skrill. PayPal is by far the largest of these companies, and is very convenient, simply because so many people already have PayPal accounts. Neteller and Skrill accounts are easy to set up though, although some sites don’t offer bonuses to those depositing using these two payment types.
The main advantage to using an e-wallet is security. This is because you’ll never have to input your banking details at a casino – instead, you only share them with the e-wallet company. This means that e-wallets essentially act like a middleman in transactions. There are fees to pay when using e-wallets, which puts some off, however many think that the fees are worth it for the security they bring.
Next up is cryptocurrency. The most popular cryptocurrency is undoubtedly Bitcoin, however there are others that are becoming more popular. These include Litecoin, Dogecoin and Ethereum. For many, cryptocurrencies represent the unknown, so they’re tentative about using them, however once you’ve deposited a couple of times, you’ll realise how easy it is.
There are a few reasons to use cryptocurrency, however the biggest is the fact that you remain anonymous. There’s no need to share many personal details at all, and there won’t ever be an entry on your bank statement showing a casino deposit. Cryptocurrencies are still quite unregulated though, so there’s nothing you can do if you do run into problems when making or receiving a payment using one of them.
Pay by Phone Bill
Many new slot sites also allow you to use your mobile phone to pay. We don’t mean that you can tap in your card details on your mobile though (although this is possible) – we instead mean that you can tack the cost of your deposit onto your next mobile phone bill. The system is incredibly simple to use and is supported by all the main UK phone networks. The most popular pay by mobile company is Boku, however Payforit is also quite popular with players in the UK too.
The main reason for using this payment method is the security it brings. You’ll never need to input any banking details online – in fact, the only thing you’ll need to share is your mobile phone number. PAYG users can also use the system, with their deposit simply being deducted from their phone credit. The big disadvantage to this method is the cost though, as it’s usually the case that the payment company charges around 15% in fees. What’s more, it’s only possible to deposit a maximum of £30.
So, as you can see, there are plenty of alternatives to simply getting out your VISA or MasterCard. What’s more, these alternatives can offer a really safe and convenient way to pay. Why not try using a new payment method at an online casino today?