The competitive online casino industry is fast-paced, with savvy operators continuously updating their sites to provide the most attractive offer to encourage new players to jump on board. Amongst those changes will be the most recent game releases, the updated version of high-spec technology, the introduction of new welcome bonuses and exciting promos, plus changes to accepted payment methods according to increasing demand.
It is the latter on which we have focused our attention for this article, in particular, the online casino deposit methods that you may not have heard of but are becoming increasingly popular amongst players and operators alike. We delve into the background of these payment options, checking out any pros and cons, plus sharing any useful information. So, without further ado, let’s get started!
Changes in recent years
The world of online gambling is a forward-thinking industry where casino and sportsbook operators are prepared to take a punt and try something new. Take, for example, digital currency, unless you’ve been hiding under a rock for the past few years, you’ll have noticed a rise in the number of online casinos that are happy to accept the likes of Bitcoin, Tether, Dogecoin, and so on. Mobile pay is another method that has increased in popularity, with Apple Pay and Google Pay becoming firm staples on most online casino preferred payment lists¾all thanks to the rise of mobile phone usage and accessibility.
One huge change to hit the UK online gambling marketplace in April 2020 was the blanket ban from the UK Gambling Commission on credit card transactions. However, this was a step in the right direction for many as it helped to reduce the accumulation of unwanted debt and promoted the ethos of responsible gambling.
One size does not fit all
No matter which payment option you prefer, there is never going to be a perfect fit for all. Of course, some methods are more popular amongst UK players, especially those that instigate faster withdrawals, such as e-wallets like PayPal, Skrill, and Neteller. However, these same deposit methods are often ineligible for claiming the casino’s welcome bonus or regular promos, and this is where debit cards like Visa will come to the forefront, widely accepted by all operators. It’s about making the best decision for you personally and balancing your needs against convenience and functionality.
Newer casino deposit options
Let’s now take a look at some of the newer deposit options that are creeping onto the preferred payment lists at many UK online casinos. We’ll share the ups, the downs, and everything in between to help you make an informed decision as to whether these methods will truly suit your gambling needs.
Klarna
Some of you may recognise Klarna as it is probably best known for its use in online shopping, however, this simple and secure payment method can prove a handy alternative for casino deposits. Following the takeover of Sofort and BillPay, the Swedish brand Klarna has risen to become one of Europe’s largest online banks. It allows for instant payments to be transferred directly from your bank account.
Pros
- Mobile compatible
- Instant transactions
- High levels of security
- No fees charged
Cons
- Withdrawals are not available
- Not widely accepted in all countries
Revolut
Revolut is a registered bank that works closely with other trusted and reliable payment providers, like Visa and Mastercard, to issue debit and credit cards. It is one of the first apps to provide simplistic mobile banking and is also able to offer its services to international customers. You can either order a physical card or just simply deposit at your favourite casino using the digital version directly from your phone. Revolut Casinos can offer many great benefits, such as
- No fees for online transactions
- Easy-to-use mobile app for banking
- High-security measures, like ‘freezing’ your card
- Instant deposits and withdrawals
Cons
- Not widely accepted in all online casinos
- Physical debit card takes 10 days to arrive
Monzo
Originating in the UK, Monzo is a full-service online bank that provides its customers with bank accounts, credit cards, and investment services. Its digital e-wallet is becoming increasingly popular with players at online casinos, not least for its bank-level security, instant deposits, and ease of use.
Pros
- Deposits and withdrawals are instant
- Mobile app is intuitive and super easy to use
- Authorised and regulated by the Financial Conduct Authority (FCA)
- Built-in features to aid responsible gambling, like spending controls and gambling blocks
Cons
- Currently only available to UK players
- Not widely accepted in all online casinos
Zimpler
Originating from Scandinavia, Zimpler is an online payment system that supports numerous currencies. Zimpler can be used for both casino deposits and withdrawals, with initiation activated by a unique code used to authorise online payments. Deposits are instant, whereas withdrawals may take up to three days to reach your account.
Pros
- Instant, fee-free deposits
- Safe and secure transactions
- Simple to use and popular in several countries
Cons
- Not widely available in all casinos
- Withdrawals may take up to three days to process
Please play responsibly. For more information and advice visit https://www.begambleaware.org
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