How To Receive Your Winnings Within Instantly
When it comes to making a withdrawal for winnings the process is quick and hassle-free with a few steps you need to take. If you’re new to making withdrawals at online casinos don’t worry, we’ve got a quick step-by-step guide to help you through the process. To receive your winnings instantly follow these easy steps:
Step 1 – Log in to your Account
The first step is to log in to your online casino account so you can start the withdrawal procedure.
Step 2 – Select Withdraw
Once you’ve logged in to your casino account you can head to the cashier or banking section and select the Withdraw option to start the process.
Step 3 – Choose Payment Method
There are different payment methods to choose from and each payment method will have a different pay-out speed. Pick a payment method with the best speed and lowest fees.
Step 4 – Submit your Request
You’ve picked your payment method and now all you must do is enter the amount you want to withdraw and click on submit a request. If additional documentation is required, make sure you provide it as soon as possible not to delay the process.
An Important Notice Regarding Credit Cards
Please note: As of 14/04/2020 the UK Gambling Commission has made the decision to ban the use of credit cards at online gambling websites with immediate effect.
With the exception to the National Lottery, the ban will cover all top online casinos in UK, meaning to protect consumers against developing problematic gambling behaviour. The ban also applies to funding e-wallets through the use of a credit card, adding an extra layer of protection for consumers and credit card companies. Therefore, we regret to inform you it is no longer possible to play on online casinos with the use of credit card.
According to the UK Gambling Commission, around 10.5 million British people gamble online regularly with 800,000 using credit cards to fund their gaming accounts. A further 22% of the credit card users have been identified as problem gamblers, which means they’ll fund their gambling behaviour using money they don’t have. Failing to pay back outstanding credit bills can not only lead to heavy charges, but many players make the mistake of chasing the losses. This can progress into serious financial and mental harm and often the individual does not seek help right away.
The ban on credit cards at online casinos and sports betting sites is deemed a necessary step to combat problem gambling and keep consumers safe. Here at CasinoGuide.co.uk, we strive for a safe and fun gambling experience for all our players and we believe this ban couldn’t have come sooner.
Online Payment Methods
Whether you’re a first time player or a gaming connoisseur, figuring out which one of the online casino payment options you want to use, or switch to, is an important decision. It can require some thought and research too – and this is where our in-depth casino payment options guides come in!
Use this section to see which casino payment options are available to you and whether or not each one suits your particular needs. Choose your preferred casino payment method from the options below and click through to the relevant pages to find out more.
Choosing Online Casino Payment Methods
Although it was vastly mistrusted in the past, online banking has evolved into the number one method of payment thanks to its ease of use, speed, and most importantly, a vast increase in web security.
Indeed, there aren’t many online casino payment options which are as reliable and as easy to use as those which can be accessed via the Internet from the comfort of your own home. Online casinos with PayPal have flourished for this very reason.
If you’re seeking to find online casino payment options, then one thing you should know is that online banking methods happen to be the most widely accepted forms of payment available. In fact, almost all casinos accept both withdrawals and deposits made via the Internet.
Online Casino Offline Payment Options
While online banking can be done with great ease from one’s armchair at home, offline banking involves one actually having to leave his or her house and pay a visit to a bank or financial intermediary.
Indeed, despite the great inconvenience, a number of people feel that paying online casinos through banks is an easier and safer alternative in terms of online casino payment options, especially if they do not have a credit card or do not fancy the idea of using web wallet companies.
Offline alternatives include cheques, bank drafts and bank wires, as well as companies such as Western Union and Moneygram who were developed with situations like this in mind.
Although the process is more arduous, all you have to do to effect an offline banking payment is visit a bank or financial institution, hand over the amount you wish to deposit in cash, and wait for it to show up in your casino account.
Take Care When Using Offline Payment Options
Of course, you need to be extra careful when depositing money this way as you are using an intermediary and therefore need to make sure that you’re providing the bank with the exact details of the casino in order for your money to be processed correctly and in a timely manner.
Unfortunately, many a payment has been delayed due to the wrong details being given so if you want to deposit this way, please make sure you have the correct information (which can be found on the cashier page of all online casinos).
Undoubtedly the main problem with this method as one of the online casino payment options available, is the time it takes to execute the actual payment and the hassle which the player must undergo in order to visit a financial outlet.
Taking everything into consideration, it’s best to use online casino payment methods when playing online casino games with real money.
Casino Payment Methods: Depositing and Withdrawing
Before you make any decisions about which casino to play at and which one to use according to what online casino payment options are offered, you should know that like everything else in life, not all casinos are created equal. Being able to make a deposit is essential if you want to benefit from the best casino bonus offers.
The reality is that while some real money online casinos players can access may offer credit cards
as a deposit option, it does not necessarily
mean that you will be able to use them to withdraw any winnings that you accrue. The same goes
for Paysafecard casinos, which offer anonymity but not withdrawal options.
If using a credit card is your option of choice, check out our lists containing the best MasterCard casinos and the most popular Visa casinos. If you would prefer to be able to deposit easily using your mobile phone,
on of our recommended Boku casino sites could be the way to go.
Not all casinos accept every Payment Method
Furthermore, casinos vary in their acceptance of different payment methods – you can see which ones each casino supports by checking out their page in the casino reviews section of this site.
Although not a problem in the UK thanks to robust regulation, a large number of casinos around the world are not able to offer certain e-wallet companies as a way for players to conduct their online banking due to their location.
An example of this can be seen in the fact that companies like Neteller and even PayPal were forced to pull out of the United States market, under threat from the US government as online gambling is still illegal in most American states.
You’ll have no such trouble at online casinos UK wide though as online gambling is completely legal and the online casinos listed here on CasinoGuide are fully licensed by the Gambling Commission. However, some payment options are still gaining traction – Apple Pay casinos in particular are a rare breed.
Get the right Payment Method for your favourite game
It is also worth spending a bit of time to give some consideration to the game that you are intending to play – if you are signing up for one of our recommended Bingo websites for example, you may prefer to choose one that supports quick and easy transfers of small sums. Similarly, if you like to play Slots, pay by phone bill might be your preferred casino payment option, and if you are playing Backgammon online, you may prefer to use your Visa card.
The fact of the matter is, before you commit to any one casino, you should always make sure that they offer you the deposit and withdrawal options of your choosing. If you need a little help finding a casino which offers you what need in the way of payment options, we have mapped all the best casinos out for you to peruse. It is also a good idea to be clear about the gambling winnings tax UK players are obliged to pay, if any.
As fellow online casino players ourselves, we know how important it is to you that your casino winnings are paid into your bank account or eWallet in a quick and timely manner. We realise that you do not want to wait any more than a few days to receive your winnings – the sooner the better.
Fortunately, online casinos are constantly updating their payout software in order to ensure that payouts are completed as fast as possible. The majority of UK casinos are able to process your withdrawal in less than 12 hours – some instantly. Most UK online casinos ensure that all withdrawals made prior to 05.00 (BST) will be processed the same working day and all withdrawals after 05.00 (BST) the following working day. Although these payout hours vary from casino to casino.
How quickly the money goes into your desired account depends on the payment method. The process of withdrawing funds from your casino account to your bank account depends on the speed of the provider. If you are withdrawing your casino winnings into an eWallet account – Neteller or Skrill for example – then it is highly likely that your money will be transferred instantly. You only have to wait for your casino to process the payment. Whereas if you want your money transferred straight into your bank account it will take an amount of time dependent on who you bank with.
Ensuring You Get Paid Out Fast
When you withdraw money into your PayPal account, the funds will show up immediately. From there you can transfer your funds into your bank account. Paypal casinos are a great option.
Neteller is a globally known eWallet and a fantastic casino withdrawal option for you. Visit our Neteller casino review page to find out more about this great eWallet.
Similar to Neteller, Skrill is an extremely well known eWallet throughout the world. Almost every UK online casino allows you to make withdrawals using Skrill.
Fortunately, most UK casinos use UK bank accounts so you should usually not have to wait any longer than 48 hours to see your winnings in your bank account. You should be aware the vast majority of UK casinos insist that withdrawals are carried out via the same method that the last deposit was made. The casinos which offer the fastest payouts to you are the ones which offer eWallets as payout options. Fortunately, almost every online casino we offer you here at CasinoGuide provide eWallets as payment options. The graphic below shows some of the fastest eWallet withdrawal methods available to online casino players.