Online casinos have come a long way since their inception. Innovation and technological advances have been fueled by 3rd party service providers. These make the casinos tick. None are more important than payment processors. Because without a constant inflow of cash, casinos would not be able to survive. So, let’s see which are the most popular payment methods at online gambling sites.
Top 4 Most Popular Payment Methods
The online Fintech industry is teeming with a wealth of different payment options. These range from direct bank transfers and card transactions to e-wallets, vouchers and payment apps. But at UK casinos there are four payment options that stand out from the pack and are the most popular. All of them offer secure and instant transactions.
Debit Cards
In an attempt to preserve responsible gambling for UK gamblers, the UKGC banned credit card use at UK gambling sites. Their reasoning behind it was to stop players from gambling on credit, thus losing more than they could afford. Instead, players can still use their debit cards to deposit. Two of the most common debit cards used are Visa and Mastercard. Furthermore, Maestro cards are very popular in the UK too.
Apple Pay & PayPal
Mobile gambling counts today for about 90% of all online gambling activity. Therefore, depositing and withdrawing on your mobile device is very easy through mobile payment apps. For all iPhone and iPad users, you can make instant deposits and withdrawals via your Apple Pay wallet. Even though there are more Android users in the UK, Google Pay unfortunately is not accepted at most online casinos.
Besides Apple Pay, another very popular mobile payment method is PayPal. As one of the first e-commerce payment method solutions, PayPal is a very trusted option. Moreover, both PayPal and ApplePay allow you make a deposit with your credit cards, through their interfaces. However, the only drawback is that PayPal will charge you fees when receiving money. But, still, they are two of the most popular payment methods.
Trustly
Besides e-wallets, payment apps and cards, players can also deposit directly via internet banking. This allows you to make an instant bank transfer to the casino’s bank account. Instant bank transfers also tend to have higher transaction limits at casinos, as they offer the highest amount of trust and security for the payment processors.
Trustly, a Swedish-based fintech company, has developed a highly professional payment platform that integrates with casino operators and all UK banks. It allows you to log in to your online bank account in a safe and secure environment. After you log in, approve the transaction with a secure PIN code. Then your transaction is instantly deposited into your casino account. Moreover, Trustly is the most popular payment method for instant withdrawals, as there are no limits on bank transfers at casino sites.
Most Popular Payment Methods Conclusion
As smartphone use continues to rise each year, the world has started transitioning towards mobile payments and there is less use of cash. At online casinos, the most popular payment methods are linked directly to your smartphone. You can either deposit directly with your phone’s internal payment app or you can use a 3rd party payment app on your phone. There are of course other payment methods available online, such as e-wallets and vouchers. But these are the most popular among UK gamblers. Use whatever is best for you.
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