Best Casino E-Wallets – How to use E-Wallets at Casinos

The online gambling sector is huge, and it can be hard to keep up with the rapidly evolving trends introduced on a regular basis. Although the number of new sites appearing every month has slowed down since the inception of the UK Gambling Commission (UKGC), you can still find lots of options to suit every type of player.

Advancements within the industry have always been aimed at one thing, to make gamblers time on the sites more enjoyable and easier. This was specifically noticeable with the accessibility of gambling on your smartphones, because suddenly we had the option of when and where we chose to play.

Our focus within this guide is one of the biggest innovations in the online realm. The need for a variety of secure banking methods became apparent, as more and more consumers purchased online. Simplifying the process was the key for most people, especially gamblers who wanted to make deposits quickly so they could spend their time playing. Options such as pay by phone bill via Boku appeared, but it was the impressive e-wallet which we’ll look at here. It’s important for any online bettors to know what the best casino e-wallets for easy online gambling are, and what exactly is an e-wallet?

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What Are E-Wallet Casino Payments

As well as the rapid growth of online gambling sites, there was an influx of customers, and it soon became apparent that the payment methods that were available didn’t quite suit the security and convenience that was needed.

This demand led to e-wallets and popular brands such as Paypal becoming an everyday option for transactions online. It feels as though Paypal was a recent discovery, but in fact the company has been around since the late nineties.

The requirement for digital payments in the online gambling world seems inevitable, especially because of the type of people who purchase online. There has been a significant growth in the 18- to 34-year-old age bracket, which makes sense as it’s the younger generation who opt for contactless over cash.

So, let’s get to the crux of it, what is an e-wallet? We’ve hinted a little above by mentioning digital payments. Essentially it is a form of electronic cash which is used to make payments online or via mobile apps. Using the e-wallet provider as an intermediary, you can connect the vendor to your bank account. The key to its popularity is the fact that they have high security coding which means you’re offered greater protection on both your payment and personal details.

E-wallets are considered safer than the common banking methods such as debit cards. But they have the added bonus of being much quicker, with some options offering their customers prepaid debit cards. One of the many benefits which consumers enjoy about having an e-wallet, is that you can add multiple bank cards to the one account. This means you don’t need various e-wallets if you use more than one bank card.

Then add in the fact that all of your information is available on your devices such as computers and mobile phones, so you can access them whether you are at home or out. This has been the cause of the growth of e-commerce, because transactions are straightforward and they can be conducted in a number of countries, using various currencies.

Within the gambling sector the noticeable benefit is the speed in which payments are processed. The main reason is because you do not have to enter bank details with the vendor, because they are already held within the e-wallet and as such they will auto-fill in the payment form.

Benefits of Using a Digital Wallet for Gambling UK

casino gambling ewallet advantages We’ve delved quite a bit into the reasons why e-wallets have become so popular, but here they are summarised to make it easier.

Convenience – As we mentioned above when you have an e-wallet you can attach multiple bank accounts, meaning you simply have to sign in to one wallet provider. You no longer have to grab your bank card and fill in lots of online forms with bank details. By making a few clicks and authorising the payment, you will send the money instantly from whatever bank you choose.
High Security – The key to e-wallets having higher levels of security is down to their encryption software. This makes it difficult for fraudsters to hack into your bank account or the actual e-wallet. For someone to be able to access your account they would need passwords or a Face ID. The majority of brands use a two-factor authentication process, so you will have to enter a six-digit number which will be sent to you on your mobile. After the code is entered the customer will then have access to their account.
Instant Fast Withdrawals – To remove your funds using an e-wallet you are looking at a withdrawal time of instantly to 48 hours. This is incredibly good in comparison to alternative banking options which can take 3 to 4 working days, and a reason fast withdrawal casinos use E-Wallet’s.
Ideal Banking Method for Mobile Casino Gamblers – Because the majority of gamblers play on mobile devices, there was a requirement to provide quality mobile banking methods. This was the main reason e-wallets were created because most of the providers have built their products with mobiles in mind. They tend to have dedicated apps so you can deposit and withdraw credit with ease.

Disadvantages of Using an Electronic Wallet for Gambling UK

As you can imagine there are disadvantages to using e-wallets, but it’s worth determining if they are enough to stop you considering the many benefits they bring.

Limited Brands – Most casinos will choose a limited number of banking methods. This means you may have chosen an e-wallet but the gambling site you register with doesn’t accept them. Because of this we would recommend picking the site first and then your e-wallet afterwards.
Transaction Fees – Although most transactions will be free, we have seen some e-wallets add an administration fee. Our advice is to go through the terms and conditions before you register and maybe initially deposit a small amount.
Deposit Limits – You will find that many payment methods have deposit limits to protect players such as Boku phone bill. E-wallet also has a £30 daily deposit limit which can be a little frustrating for gamblers who want to bet more. If you are a high roller, then we would suggest contacting the sites customer services and asking them about increasing your threshold. We have mentioned deposits here, but what about withdrawals? Whilst most sites will accept digital wallets for deposits, they may not for removing your credit so double check on the terms and conditions.
Welcome Bonus Conditions – If you enjoy welcome bonuses on a new site, then you need to be aware that some restrict the use of e-wallets when claiming any type of promotion. Again, you should find further information within the terms and conditions of the banking section.

The Best E-Wallets in Online Gambling

Online financial technology known as Fintech, has been around for a while and because of this the gambling sites have adapted to its evolution. This is why they were fully prepared for the rapid popularity of e-wallets and ensured they had the latest software to provide this incredible payment option.

The great thing about e-wallets is there are a number of brands available within the gambling realm. Most are popular brands, but some you may not have heard of. So here is our list of the top e-wallets and the pros and cons associated with them.

PayPal

We thought it made sense to start with the most popular e-wallet first. Paypal is one of the world’s biggest merchant payment services and a true original of digital banking. Founded in 1998 they are said to account for 72% of all e-wallet transactions. The main reason why they are so popular is down to the sophisticated high security that PayPal implemented into their software. The growth in e-commerce has many advantages, but sadly one of the main disadvantages was fraudsters accessing personal accounts. PayPal strive to provide an assurance to their customers that their money and personal details are safe. They have now added Bitcoin to their growing business and other virtual currencies. This addition may impact the use of crypto currency within the gambling industry.

Casinos which accept Paypal:

PayPal the basics:

Transactions Fee’s – Currently none
Withdrawal Times – Generally less than 24 hours
Deposit Limit – Currently £10
Mobile App – Yes

Pros of PayPal

Easy to use
Additional level of security to prevent fraud, because if you are a victim then PayPal will help you get that money back.
They have an encryption software which keeps your bank and credit card information safe.
There are no fees which is why it is the most popular brand used by bookmakers.

Cons of PayPal

Although PayPal is free for players they do not tend to be for businesses, so some companies will pass this onto the punter.
Reputationally PayPal is known to be aggressive when it feels there is a security issue and as such, they may freeze an account. Because of this you will not be able to access your money until you can provide enough proof to satisfy the issue.
In connection to the above point, if any problems arise then the customer service at PayPal can be slow and frustrating.
Although PayPal is known to protect players from fraud due to their protection policies, this sadly does not apply to gambling online in all countries.
Verifying your new account can be burdensome and take a little time.

For more info about this payment method, check out our guide to casinos that accept PayPal.

Skrill

Although they’re not as well-known as PayPal, Skrill is still one of the top e-wallet providers having been around since 2013. Having originally been called Moneybookers, they are known for providing quality service and security. Skrill is a subsidiary of Paysafe Holdings UK Limited which is the company who created the Paysafe Card, and as such they have a lot of expertise in digital transactions.

Casinos which accept Skrill:

Skrill the basics:

Transactions Fee’s – Currently no domestic fees
Withdrawal Times – Generally less than 24 hours
Deposit Limit – Currently £10
Mobile App – Yes

Pros of Skrill

Opening an account is quick and easy, with the Skrill credit card allowing payments at businesses which do not use Skrill.
Simple, safe, and fast worldwide payments.
Alike PayPal, Skrill is accepted at most leading gambling brands.
Skrill accepts cryptocurrency payments such as Bitcoin.
They offer prepaid cards (in Europe) and there is a loyalty programme.

Cons of Skrill

The actual Skrill site can be slightly confusing for customers to use.
As with PayPal the support side of the business can be a little slow.
Sometimes there are issues with deposits made on gambling sites.

Neteller

As a world leader in all digital payments, Neteller is used by millions of people for their online transactions. It is incredibly popular within the UK gambling industry and can be found on most sites. This is predominantly due to their ease of use and the fact that they link to a number of banking options.

Casinos which accept Neteller:

Neteller the basics:

Transactions Fee’s – Currently no fees
Withdrawal Times – Generally less than 12 hours
Deposit Limit – Currently £15
Mobile App – Yes

Pros of Neteller

Alike the other brands you can expect a quick, safe, and secure software with free transactions.
Neteller also accepts cryptocurrency deposits such as Bitcoin.
The user interface is quite simple, which means that it takes no time at all to set up your account.
Withdrawals are incredibly quick but be aware that this doesn’t include the protocols set up by the gambling site.

Cons of Neteller

You need extra security passwords to access your account.
Sadly, if you’re a fan of promotions or offers, then the gambling site may not allow you to use Neteller as your payment method.

MuchBetter

Even though this is a new brand having been founded in 2016, it has become a popular option for e-wallets. Unfortunately, not all of the major brands provide it as a payment method, including our favourite Bet365.

Casinos which accept MuchBetter:

MuchBetter the basics:

Transactions Fee’s – Currently no fees
Withdrawal Times – Generally 24 to 48 hours
Deposit Limit – Currently £5
Mobile App – Yes

Pros of MuchBetter

The deposit limit is much higher than the other more popular brands.
You are assured of speed, convenience, and high security.
Easy to use interface in multiple languages.
Real time transactions.

Cons of MuchBetter

Because it’s so new the big brands have yet to add MuchBetter to their list of payment methods.
There are charges for transactions with cards.

For more info about this payment method, check out our guide to casinos that accept MuchBetter.

Apple Pay

This option was launched in 2014 and is a mobile and digital wallet for Apple products such as iPhones, iPads, the Apple Watch and Macs which have Touch ID. Apple Pay can be found online and in the majority of high street shops. Because you need a PIN, fingerprint or Face ID password protection to use it, this e-wallet provides a high level of security. The device will connect wirelessly to your account and after you confirm acceptance of the transaction, then the payment will be made.

Most of the top gambling brands accept Apple Pay, which means you don’t need more than one wallet to bet.

Casinos which accept Apple Pay:

Apple Pay the basics:

Transactions Fee’s – Currently no fees
Withdrawal Times – Not Applicable
Deposit Limit – Currently £5
Mobile App – Yes

Pros of Apple Pay

The transaction process is seamless once you have added your card information. You don’t have to add another e-wallet or download an app.
High levels of security because even though your account is linked to a bank card, that information is never visible during the transaction.
Can also be used in the majority of retail stores.

Cons of Apple Pay

Can only be used on some Apple devices and as you can imagine no Android options.
Although there are a few of the big gambling brands who accept Apple Pay, sadly this isn’t as popular an option as some of the other e-wallets we have mentioned above.
Because the option only works when it is on, you must make sure that all of your devices are charged and ready to be used.

ecoPayz

Appearing on more casino banking sections, this European based company has become incredibly popular. It works on the same premise as the other wallets and provides the option for instant payments.

Casinos which accept ecoPayz:

ecoPayz the basics:

Transactions Fee’s – Currently no fees
Withdrawal Times – 24 to 48 hours
Deposit Limit – Currently £10
Mobile App – Yes

Pros of ecoPayz

Offers secure and anonymous transactions without additional fees.
Reputationally has good customer service and an ease-of-use platform.
The processing time is quite low.

Cons of ecoPayz

You can find that additional documents are requested if you choose to upgrade your ecoPayz and they ask for a number of forms of ID to register.
Customers have complained that their accounts have been closed without notice.
Fewer of the larger gambling brands offer this wallet.
The ecoPayz app can be quite slow.

Trustly

This company began in Sweden in 2008 under the name InstantBank and although Trustly is still quite small it is very popular. Alike PayPal, they too promise their customers easy, safe, and secure transactions.

Casinos which accept Trustly:

Trustly the basics:

Transactions Fee’s – Currently no fees
Withdrawal Times – 24 to 48 hours
Deposit Limit – Currently £10
Mobile App – Yes

Pros of Trustly

They are accepted by a vast number of gambling brands.
Available in a large number of European countries.
They offer high security encryption software which protects players from fraud.

Cons of Trustly

The withdrawal time is slightly longer than you would expect from e-wallets.
Some banks don’t allow Trustly or they add their own fees for using it.
Customer support isn’t as good as the other brands.

For more info about this payment method, check out our guide to casinos that accept Trustly.

Which E-Wallet Is Best for Online Gambling

This is a difficult one to answer, because there are many great e-wallets out there with each having different pros and cons. Take a look over our list and see which is the best option for you, taking into account the gambling sites they are available on. E-wallets must provide high encryption software, so you have that security element covered. The one aspect we’d recommend that you check, is what fees are applied at the point of depositing in your account and withdrawing credit from the casino. This could strongly influence whether you register with one e-wallet over another.

How to Open An E-Wallet Account

The process is relatively simple and similar to other banking methods, in terms of the details you have to provide. Firstly, download and install the software for the e-wallet on your chosen device and then provide the personal details. Once that is completed then you can add multiple card details on the one account and delete if you no longer wish to use them.

When you are ready to make a payment, simply choose the e-wallet you want to use. The gambling site will prompt you to enter an account ID and then you will be transferred to the e-wallet to confirm the amount.

At the point you want to withdraw credit then you must confirm your request entering the valid ID and you will find that the money is processed instantly.

Are Any Fees Added on E-Wallets with Casino Sites Online?

When it comes down to the gambling sites themselves, most will not apply a fee for e-wallet payments. Of course, that’s not a given, so make sure you read the terms and conditions first. There can be four types of fees which include.

Depositing money
Withdrawing money
Transfer money internationally and
Inactivity fees.

Costs will vary from as little as 1%, but we have seen some international transfers being higher between 3% to 5% depending on the provider.

Casino Bonuses When Using E-Wallets

You will probably be aware that most betting sites offer bonuses, whether it’s a welcome bonus or regular promotion. Some sites actually offer a bonus to players, purely because they use a specific type of banking method. Unfortunately, you can also find the opposite case to be true, because many sites have terms and conditions which don’t allow those who pay with e-wallets to take part in their bonuses. The safest thing to do is check the gambling sites payment terms and conditions first, then you can decide if you want to use an e-wallet for crediting your account at all.

Are E-Wallets Safe?

The key to the increasing use of digital wallet payments, is because they are proven to be more secure than many other banking methods. They combine two-factor authentication, with single use PINs and an encryption software. This makes it incredibly difficult for a hacker to break in and gain your personal and financial information.

To boost your e-wallet security, you can follow our recommendations.

One of the main reasons that thieves can gain access to an e-wallet is due to phone theft. This would make mobile security your first step, so ensure that they are secured with passwords and log in’s. You will find that many of the modern mobiles have locking functions which can only be opened if you enter a password, PIN code or biometric authentication such as your fingerprint. Having this kind of enhanced protection makes it harder for thieves to access private information. When considering a password for your phone, make them complex with a mixture of letters, numbers, and symbols. For those of you who choose to swipe in your details, then make sure you have your keypad covered because you don’t know who is watching you.
If you are looking for additional security on your phone, then you can install an app which indicates its location. This is ideal if your mobile has been lost or stolen, but it can also remotely lock your phone and erase the log in information you have saved to your device.
Many people aren’t aware that by using public Wi-Fi you increase your risk of hacking. Many places now have disclaimers to protect themselves, so never use your banking apps when you’re on public Wi-Fi.
An option which we find is quite easy to do, is monitor your financial accounts on a regular basis. This is so you can look out for suspicious activity and report it to your bank.

Summary of Best Casino E-Wallets for Easy Online Gambling

With the advancements in technology on gambling sites, it would make sense that online banking would become easier and safer too. If you’re considering using an e-wallet, then our advice would be to head over to your chosen betting site and see which ones are available. There are so many to choose from including new brands such as Ilixium.

We would suggest choosing a digital wallet which suits all areas of your life and will make buying online simple.

The fact that e-wallets have the highest SSL (Secure Sockets Layer) software gives most gamblers a sense of relief. You have the comfort of knowing your personal details are safe, but it’s still sensible to ensure that it provides all the elements of a good banking method. The key area would be banking fees, because over a number of purchases they can add up. Also, what are the maximum and minimum deposit limits and do they accommodate your playing style.

We’ve mentioned it above but be sure to check the sites terms and conditions if you want to use a welcome bonus or promotion, because e-wallets can prevent you from being allowed to receive the offer.

Overall we can see person 2 person ( P2P ) transactions becoming the most popular online banking method. If you’re use to normal payment options such as debit cards, then we can highly recommend e-wallets. If you don’t already have a gambling site of preference, then you can click on any of our links above and we’ll take you through.

As well as this guide we have others including No Account Casinos, Slot Volatility and a Guide to High Variance Slots vs Low Variance Slots and Online Casino Complaint Procedures.