What is the Best Payment Method to Use With Bookmakers and Casinos?

With thousands of different online bookmakers and online casinos out there, consumers have a lot of choices when it comes to selecting which one(s) to use. Many online casinos and sports betting sites try to differentiate themselves by offering great customer support, lucrative bonuses, and easy-to-use mobile apps. 

Another way they try to stand out from the competition is by offering a wide selection of payment methods. This gives bettors the freedom to choose the payment method that works best for them, whether they want the convenience of PayPal, the familiarity of Visa and Mastercard, or the ability to use cash with Paysafecard. 

If you’re unsure which payment method is best, here’s a helpful guide.


No “Best Method”

While some websites might try to claim that one payment method is better than another, the reality is that it’s much more of a personal choice. Everyone has different circumstances, needs, and preferences, and therefore the “best payment method” is really “the best payment method for you”. 

With that in mind, here are the major payment methods.


Payment Wallets

Payment wallets like PayPal, Skrill, and Neteller are widely accepted by online casinos. They give you a lot of flexibility to deposit and withdraw money quickly and with a multitude of different funding sources.

PayPal is the best known, so you won’t struggle to find an online Paypal casino in UK. It is likely you will already have a PayPal account since it’s common among eBay users and accepted in many other online stores. 

Skrill and Neteller are lesser-known but widely accepted amongst online casinos. Skrill even allows you to make deposits with cryptocurrencies like Bitcoin and Ethereum.


Visa and Mastercard

Visa and Mastercard are popular payment methods among users of online casinos and sports betting sites because most people already have a Visa or Mastercard. In the UK, depositing money via a credit card is no longer permitted, however, you can still use your debit cards. 

Visa and Mastercard are great payment methods for anyone looking for simplicity. You almost certainly already have one, so you don’t need to create a new account, verify your ID any extra times, or remember another password.


Paysafecard

Paysafecard is a popular payment method for anyone that wants to make deposits in cash. You can buy or top up a Paysafecard at one of the thousands of local shops in the UK that offer them, and then type in the unique code from the back into the online casino’s website to make your deposit. 

If you don’t have a bank account or want to control the amount you spend in an online casino, the Paysafecard is a great way to make deposits.


Pay by Phone

Pay by phone is another great way to make deposits to an online casino or sports betting site. Instead of coming out of your bank account or payment wallet, pay by phone adds a charge to your mobile phone bill instead. The money is then collected at the same time as your phone bill in a single transaction. 

This method is great for anyone wanting to make small deposits and would like to keep the transactions off their bank statements. 

Darren Moore
Writer

Darren Moore is the editor of Betfinder and has over 30 years of sports-betting experience. His passion for betting on sports was ignited when winning a 50p placepot (paid £54) with his first bet. He went on to work at Ladbrokes head office before managing their betting shops in London's west end.