New Casino Payment Options
The payment options at new casinos can vary widely — sometimes they’re a bit thinner as the site is yet to integrate particular methods such as pay by mobile, but you could also encounter the most cutting-edge technology like cryptocurrencies. Here are a few new casino payment options you’re most likely to find.
Visa
Deposit speed: Instant
Withdrawal speed: 3-5 working days, or instantly with Visa Fast Funds
Found at pretty much every new online casino, Visa is somewhat of a stalwart when it comes to casino payment options. If you hold a bank account, there’s a good chance you already have access to a Visa debit card — or if not, a Mastercard, which works in the same way. We doubt you need us to explain how to use one, but just in case: key in your 16-digit card number, expiry date, and CVC; enter the deposit amount; and confirm. Most Visa deposits are instant too, so you can get straight to playing.
When it comes to withdrawals, things are a little more sluggish. For a regular Visa withdrawal, it can take 3–5 working days for the funds to reach your account — rather unappealing when many e-wallets offer same-day cash-outs that settle within an hour.
That said, this is set to change with Visa Fast Funds, a service supported at some new UK online casinos. While it’s not offered at every site, players taking advantage of Fast Funds can receive their money within half an hour of requesting a withdrawal, or even instantly. Throw in the fact that Visa debit cards are nearly always eligible for welcome bonuses, and this time-tested payment option might find itself at the top of your list.
PayPal
Deposit speed: Instant
Withdrawal speed: 1–24 hours
One of the best-known e-wallets, PayPal has permeated online shopping and banking over its 20-year history — and iGaming is no exception. Along with alternatives like Skrill and Neteller, you’re likely to find PayPal as a deposit and withdrawal method at many new online casinos, and there are plenty of reasons to choose it.
Off the bat is one of the most compelling ones: nearly instant withdrawals. When you cash out with PayPal, you could receive your money in under an hour — of course, that’s subject to how quickly the casino processes the request. Deposits are generally instant too.
The second reason you might want to choose PayPal is the strength of its security. You won’t have to share your card or bank details with the casino site as they’re stored with your PayPal account. Throw in two-factor authentication (2FA) and you’ll get extra protection against any unauthorised use, with payments requiring confirmation via SMS or a code generated by a mobile app.
Another major appeal of using an e-wallet like PayPal at a new online casino is the extra functionality that comes with the service. As you can hold a balance in your PayPal wallet, it’s a great way to manage your budget and keep all your gambling activities segregated from your day-to-day bank account.
While we’ve waxed lyrical about the advantages of the service, there is one drawback to PayPal and other e-wallets. If a promotion’s T&Cs highlight any excluded payment methods, e-wallets are likely to make an appearance. That means you’ll need to choose another method for your qualifying deposit, although there’s no reason why you can’t switch to PayPal for later transactions.
Trustly
Deposit speed: Instant
Withdrawal speed: 1–24 hours, or instantly with Pay N Play
Trustly is a fintech company headquartered in Stockholm, Sweden. It’s a third-party payment intermediary often found at new online casinos. As Trustly is built on Open Banking technology, it interfaces directly with your financial institution to deliver blazingly fast withdrawals and deposits. In fact, you’ll often receive cash-outs within an hour of requesting them, subject to the casino’s usual checks.
Security is also a strong suit for Trustly — you log in using your usual online banking portal, so there’s no need to enter your card number at the casino site. The main drawback to the service is not all banks are supported, although you should be covered if you’re a customer of any mainstream high street brand.
Part of Trustly’s offering includes its Pay N Play service, found at some new sites like Race Casino. Essentially, it allows players to jump straight into their favourite games by making a deposit — no sign-up required. When you connect to Pay N Play through Open Banking, the site can automatically identify you and complete any KYC checks in one fell swoop. Even better is the fact you can instantly cash out your remaining balance at the end of your session.
Paysafecard
Deposit speed: Instant
Withdrawal speed: Not supported
Fourth on our list is Paysafecard. It’s a prepaid card from the Paysafecard Group, the same company that owns Skrill and Neteller. Vouchers can be bought either online or in physical retailers for amounts between £10 and £100, and the 16-digit PIN is then used to authorise the deposit at an online casino.
There are plenty of great reasons to use a prepaid card to top up your casino wallet, but let’s get one thing out the way first — withdrawals usually aren’t supported. It’s true that Paysafecard offers the My Paysafecard service, an account that functions a bit like an e-wallet, but you’ll seldom find it as a withdrawal option at new online casinos.
So, why choose Paysafecard for your deposits? Security is front and centre with this method. You’re not exchanging any bank details at the online casino, and Paysafecard funds can’t be overdrawn. As the card has no attachment to you, your identity is somewhat protected — although you’ll still have to go through the regular KYC checks when you register at a casino.
One of the stand-out things about Paysafecard is how useful it is as a responsible gambling tool. Since users need to buy the vouchers in advance, it can help them stick to their budget. Once you’ve played through your balance, you can’t just top up again with a few clicks; you’ll need to buy another Paysafecard first.
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