Today online gamblers have a wide range of gambling deposit methods to choose from. Betting sites that use Neteller are also likely to offer other options as well. Please be aware that the use of credit cards and cryptocurrencies for gambling deposits has been banned by the UK government and that is why they are not on our list.
Debit Cards - Visa and Mastercard are by far the most popular type of debit card in the UK. They are almost identical when comparing most things but when it comes to payment speed Visa has a feature known as “Visa Fast Funds”. At most banks transfers are carried out instantly instead of hours or even days. Mastercard does not have the same service so we advise if given a choice of the two using Visa where possible.
PayPal - Best known as the payment method of choice on eBay PayPal has been a UK household name for many years. It was not always possible to use it for gambling transactions though, and even today it can not be used at all bookmakers. There are fairly high fees to upload and receive money into your PayPal account but this will not affect customers when paying into or being paid by a betting site. You will pay it initially though and also if you win and then later want to withdraw the money back to your bank account. It is these high fees and a very poor customer service department that are the main negatives of using PayPal.
Skrill - Skrill began life as Moneybookers back in 2001 and was one of the first payment providers to focus on servicing the gambling industry in Europe. Skrill betting sites sprung up, many offering extra bonuses for using Skrill to deposit. They grew exponentially and changed their name to “Skrill” in 2013, also becoming part of the Paysafe payments group in 2015. Today they have customers in over 100 countries and facilitate payments in around 40 different currencies.
Paysafecard - Paysafecard allows you to go into many high street shops across the UK and deposit cash, which can then be converted into online credit. The advantages are that it is entirely private because you are not giving anyone any financial details and simultaneously you are safe from any potential fraud. The downside is that it is incredibly hard, in fact virtually impossible, to get paid your winnings back to you and you will have to add your bank account details to your gambling account sooner or later.
Trustly (Bank Transfer) - Trustly is a form of bank transfer directly from your online bank account to the bookmaker's online bank account. Due to the obvious security steps involved when logging into a bank account there are a few more steps than using Neteller. The main advantage of using this method is that the limits are so high per transaction that you can assume it is unlimited. If you win a slots jackpot then this is the best way to get paid.
Much Better - MuchBetter provides many payment services including giving their customers a digital wallet and a payments gateway as well as the MuchBetter prepaid Mastercard. Founded in 2017 in the UK the service is available in over 185 countries and can be used to make purchases at any merchant that already accepts Mastercard.
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