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Payment Options for Gambling in the UK

ByDave Stopher

Sep 26, 2023

Winning in online gambling will remain an unforgettable life experience for the winners no matter how large their gains are. With the British gambling proliferation, several players gamble on their chosen websites in the hope to win a life-changing sum of money. Finding the trusted gambling websites can be complicated since there are too many online gambling sites to count. In the bingo game, the best payout websites for bingo enable the gamblers to make deposits safely and smoothly. Since the payment methods are crucial in the gambling niche, here are the first choice payment services for gambling in the UK.

PayPal 

PayPal is one of the most trustworthy payment options in the gambling industry. The company was founded in 1998 under the name of Confinity meaning a combination of confidence and infinity. Its growth started in 2002 when it acquired eBay. Despite the release of the various online payment solutions in the gambling market, PayPal has remained attractive. Not only does this digital wallet provide safety and assurance but it is also an effective option for deposit and withdrawal.  In fact, with this banking service, gamblers are able to deposit their funds instantly. As for the cashing-out, it can, generally, take 2 or 3 working days to reach the gambler’s account.   

 

Boku 

Boku is probably one of the largest mobile payment solutions for online games and applications in the gambling field.  Since its creation in 2009, this popular mobile payment method has allowed users to just transfer funds on their mobile devices. Based in San Francisco in the USA, Boku is available in over 68 countries and on more than 250 mobile networks. Today, the major online casinos and betting websites accept Boku as a deposit payment option for its simple, safe, and affordable services. Unlike other online payment methods, this effective and safe system doesn’t rely on the users’ bank accounts or credit cards. To deposit with Boku, the consumers just have to use their mobile phone number.  

 

Pay By Phone

As its name suggests, Pay By Phone is a new option that only requires your phone numbers. This mobile payment system is accepted by many online gambling sites since it guarantees an instant deposit. As a matter of fact, with this deposit option, the players don’t have to provide their bank details. The long processes are also impossible when using Pay By Phone because moving funds can take fewer than 30 seconds as long as they have a phone number. To use this quick and efficient solution, the users have to download the app and can make a deposit at their gambling account. Their deposits will be charged to their monthly mobile phone bill.

 

Visa and MasterCard 

Despite the rise of online payments, Visa and MasterCard have remained the most used payment systems in the UK gambling industry. These two traditional payment options can be used in most countries around the world so it is now impossible to find any gambling sites that do not accept Visa and Master Card. Created in 1958 by the Bank of America, millions of players use Visa for depositing method. As for the MasterCard, this widely accepted payment solution was launched by a group of Californian Banks in 1966. Choosing these two well-used cards is straightforward and normally takes within a few minutes. The gamblers just open their gambling account, choose the amount of money they want to deposit, and enter their card details. 

 

Conclusion

As online gambling and payment options cannot be separated, it is important the gamblers find safe and smooth methods. The UK gambling industry has increased leading to the appearance of several modern and effective payment services. One of the well-reputed e-wallets is PayPal, mainly seductive for its convenience and safety. Boku and Pay By Phone mobile solutions have also changed the way players move funds as they are highly effective solutions for depositing. Although the popularity of these innovative payment systems, many users still choose Visa and MasterCard since they are the most used options in the gambling sphere.