Understanding Online Casino Deposits and Withdrawals

To make money in the online casino world, you need to know how to make a deposit. Although there are no deposit bonuses and VIP incentives out there to help you play for free, you're usually asked to place a real money bet before you can release the value of these deals.

Fortunately, our top rated casino sites have a myriad of ways for you to make a deposit and, what's more, they're extremely secure and reliable. In fact, with technology being what it is today, you can make a deposit via your desktop, mobile or tablet and feel 100% confident that you'll receive your funds safely and in seconds.

OK great, but what about when I want to claim my winnings? Not a problem. Withdrawing money from the best online casinos is just as efficient and secure as making a deposit. Now, we can't show you the exact process for making a deposit and withdrawal at every casino we recommend. However, we can take you through some of the basics.

How to Make Deposits and Withdrawals

When it comes to making a deposit, you'll have to create an account at your favourite casino and then head to the cashier page. At this point, you'll be asked to choose a deposit method. Later in this guide you'll see a breakdown of the most popular methods, but for now you'll typically have the following options: Visa, MasterCard, Skrill, PayPal, Bitcoin, Neteller, Ukash, Paysafecard, Entropay, EcoPayz, bank transfer and even a phone bill payment.

Once you've chosen your banking method, you then input the amount you want to deposit and confirm the transaction. Then, within a few seconds, the funds will be in your account and ready to use.

For withdrawals, you follow a similar process, but you may have to note the following conditions:

Most online casinos have minimum and maximum withdrawal limits. In general, you'll have to cashout at least £20 and no more than £10,000 in a single week. If you're a high roller, you can request to have your withdrawal limit increased or removed completely.

Another thing you need to know is that you will have to confirm your identity before your first withdrawal is processed. This is a necessary security measure and something all online casinos licensed in the UK must carry out. To prove your identity, you can simply send scans of your passport or drivers licence and a utility bill (or similar) to the site's support team.

Finally, it's important to know that not all deposit options are valid for withdrawals. Although the majority are, you won't be able to send funds back to the following methods either because they are voucher based or they don't accept credits:

  • Credit Cards
  • Ukash
  • Paysafecard
  • Cheque
  • American Express

A Few Things to Remember

As well as the above conditions, it's worth noting that withdrawals will take longer to process than deposits. In general, most deposits will be credited to your account immediately. In contrast, withdrawals can take a few hours up to a few days. The quickest ways to get you cash are currently eWallets such as Skrill, Neteller and PayPal or Bitcoin. These methods will allow you to get your money within 0 to 24 hours (pending a review period carried out by the casino's security team).

For debit card withdrawals you'll have to wait around 1 to 3 days and for bank transfers it can take up to 5 working days. While this may be inconvenient in some instances, it's a necessary process that actually helps keep your funds safer. 

The Most Popular Casino Payment Methods

Before you review the most popular casino deposit and withdrawal methods below, it's worth noting that some options will earn you extra bonuses and some will exclude from them. Although each site will differ, it's usually the case that credit, debit and Bitcoin deposits are best for picking up bonuses. On the flipside, Neteller is often the payment method that can preclude you from a deposit bonus.

To conclude our look at online casino payments, here's a quick look at the main methods you'll find at our top rated casinos:

PayPal

Deposit using PayPalMaking a deposit via PayPal into your casino account is fast, easy and can even bag you an additional bonus reward to play with. Some online casinos, offer bonus incentives when you make a deposit through PayPal. PayPal is a popular choice because it works with all online casinos that have a gambling license in the same country of the player. It’s trusted, convenient and one of the most used forms of payment on the internet. Check out our rating list of online casinos that accept PayPal.

Although it's great that PayPal withdrawals can be processed within 1 to 4 hours, the real reason this method is great for casino players is the level of fraud protection you receive. PayPal is owned by eBay (although it operates as an independent company) and it's renowned for having the best fraud prevention in the industry. From two–stage authentication logins to security checks for all transactions, PayPal is by far one of the safest ways to make online casino deposits.

Debit Cards

This convenient method of payment is just as easy as buying something online. Be sure to check that your chosen online casino accepts your particular type of card. All the popular cards will be accepted at all major online casinos. Most Casinos don't offer additional bonuses for depositing using the traditional card method.

Credit Cards

Depending on your country, you may be able to make deposits using your credit card. Many gaming sites accept Visa & MasterCard as a form of payment. However, MasterCard has begun to add restrictions to transactions going to online casinos. Credit Cards are usually accepted for payments but not for withdrawals, so be sure to know the ins and outs before committing to using a credit card as a form of casino payment.

Bitcoin

Bitcoin is a cryptocurrency that basically doesn't have a physical form. Instead of being minted by a government or a bank, Bitcoins are virtual credits that are created through a process known as mining. Put simply, mining involves a network of computers trying to solve a complex equation. Each time an equation is solved, blocks of Bitcoin transactions are processed and a new credit is added to the system.

The reason Bitcoin deposits and withdrawals have become popular in the online casino world is because everything is automated. This makes it highly secure. Moreover, Bitcoin isn't bound by national borders (because it's created online), which means you can make deposits from anywhere and not worry about currency conversion charges. Finally, Bitcoin withdrawals are extremely quick. Because the system is automated and self-regulating, you don't have to endure a lengthy processing period which means you'll get your funds faster.

E-Wallets

This has become an increasing popular choice for casino deposits. It's one of the safest and quickest ways to transfer money online. Your money clears a lot faster with e-wallets, offering a speedier payment process. Many casinos offer reward incentives for using certain e-wallets, some offer an additional 10% bonus when you make a deposit using the Neteller e-wallet as payment. Other e-wallets such as Skrill, Ukash and PaySafeCard are widely accepted across casino sites. It's worth checking if the casino offers an additional bonus rewards for using this type of payment.

Deposit using Neteller Neteller: A secure electronic wallet system, Neteller has been a go-to method for online casino and betting fans for more than a decade. As well as being able to load and withdraw funds using credit/debit cards and bank transfer, Neteller allows you to store funds online for instant casino payments.
Deposit using Skrill Skrill: Linked to Moneybookers, Skrill was set-up to help process online betting, casino and poker payments more securely. For those in the industry, Skrill has become one of the leading eWallet options in recent years thanks to withdrawal times between 1 and 4 hours.
Deposit using Ukash Ukash: Purchased by Skrill in 2014 but operational since 2005, Ukash is an eWallet with a difference. Used exclusively for deposits, Ukash cards allow you to purchase a voucher for a fixed amount of money. By inputting the unique 19-digit voucher code into the casino of your choice, you can make an instant, secure deposit without the need for a credit/debit card.
Deposit using Ukash Paysafecard: Similar to Ukash, Paysafecard is a prepaid electronic payment system that's a cross between an eWallet and a traditional voucher. After choosing a cash amount between £10 and £175, you'll be given a 16-digit voucher code you can then type into the casino cashier page of your choice to make an instant deposit.

Pay by Mobile

For those that don't want to use their credit/debit card or have any link between our top online casinos and their bank account, Pay by Mobile is a great option. Otherwise known as Pay by Phone Bill, this system essentially charges a small about to your mobile phone bill in order to make a deposit.

At most casinos that accept Pay by Phone Bill, the typical amounts you'll be able to deposit are £5, £10 and £25. The way the system works is simple. After visiting our top casinos' cashier pages, you'll have to follow these steps:

  1. Choose the "pay-by-phone" option and click deposit.
  2. Select the amount you want to deposit.
  3. Input your mobile phone number and confirm the transaction.
  4. Wait for an SMS text message and select "Yes" if required. Alternatively, you may be sent a four digit code which you can then input on the cashier page to confirm the transaction and enact the payment.

OK great, but can I use this payment method if I have a Pay As You Go mobile? Yes, Pay By Mobile system simply charge an amount to your bill based on your number. If you have a monthly contract, the casino will add a charge to your bill. If you use Pay As You Go, the deposit amount will be deducted from your available credit.

Bank Transfer

Sending a wire transfer is another popular option for topping up your casino funds. This is also an easier way for you to withdraw funds from your account. More or less, all casino brand names will offer this option. This method is safe but it can take a few days for your payment to clear and additional fees may incur when withdrawing large sums.

American Express

American Express or AMEX as it's otherwise known is a credit card that offers secure, instant deposits at many of the top online casinos. Although AMEX can't be used for withdrawals and isn't available at some sites, so check this out beforehand.

Western Union

This is the only payment option for some casino players in certain countries. Many established online casinos accept Western Union deposits. Western Union can be more effort and is really only used if there is no other option.

Make Deposit & Start Playing!

As you can see, making deposits and withdrawals is easy when you know how. With plenty of highly secure, highly efficient options out there, you shouldn't any trouble playing and winning for real money when you join one of our top casino sites. You can easily find out which casinos offer which payment methods with our casino comparison tool, get a bonus and start playing your favourite games!

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