Debit/Credit Card – common casino deposit methods
The most commonly used casino deposit method for players is a credit or debit card. If you look around when you’re out and about, it’s clear to see that the majority of the UK population have access to a debit or credit card which is connect to a UK bank account. It really is one of the best way to pay for things in the UK. The most common debit and credit cards are issued by one of the big three issuers. These are Visa, Mastercard and Maestro. However, there are other challenger banks like Monzo and Revolut also making a lot of headway in the casino deposit methods space. You will find that most casino deposit methods support all of these payment options.
There are a couple of reasons why casinos love to accept debit and credit cards as deposit methods. Firstly, it allows the casino cashback to fund the player’s account instantly. This is because the bank authorises that deposit at the point the customer enters their debit or credit card information. Secondly, the fees are pretty low in comparison to other methods. The casino has to pay some small fees to accept the debit or credit card deposit. However, they’re nothing that the casino can’t swallow.
Another great win for the casino, is that they can store the debit or credit card details in a safe and secure manner. This has a great knock on impact on the player’s casino deposit method experience. Each time the player signs in to their account to deposit, they can simply select the card an enter their 3 digit CVV number. They don’t have to worry about re-entering card details time and time again to carry our basic deposits and withdrawals.
Credit and debit cards also offer a really great withdrawal method for casino and players. When a player decides to withdraw, they can simply have the funds deposited back into the same account that they used to initially deposit. Most debit and credit cards are connected to a UK bank account. This means that the money arrives straight back into the same account. The player only has to remember their 3 digit CVV number and the process is complete. It’s a very simple way to get funds in and out of the casino and a great casino payment method.
The only real downside for the player is the speed of the withdrawal. Unlike the casino deposit method, that funds the account instantly. Players need to wait up to 48 hours before the withdrawal request to be processed by the casino. They then need to wait for the card issuer and the banks to route the funds back to the associated account. This can take between 3-5 days. No fun, if you need the cash fast or want to fund another casino. This is why we think e-wallets are one of the quickest ways to get access to your funds in record quick time.