With so many games available to online gamblers, it’s no wonder they are spoiled for choice. Not only that, but players can also deposit money into their real money accounts with a wide variety of banking methods. UK players have access to a wide range of deposit methods, from debit and credit cards to bank transfers and e-wallets.
Players have long used major credit cards to deposit and withdraw funds from their accounts. A good deal can get you a good credit limit and low interest rates, and they’re easy to get.
Around £1.5billion of purchases were made with cards in the UK alone last year, according to the latest statistics. The UK owed approximately £1.5 trillion to flexible friends in 2014. This figure is staggering but illustrates just how addicted this country has become to plastic. Therefore, many of the top rated casinos with credit cards at Non Stop Casino gladly accept Visa and Mastercard for deposits and withdrawals. In addition to being available, credit cards offer world-class security and protection against fraud.
You will not be able to make a direct deposit
According to the Gambling Commission, UK consumers will no longer be able to use their credit cards to gamble at gambling businesses. On April 14, 2020, the ban came into effect following an assessment of online gambling by the Commission and an assessment of the social responsibility measures behind slot machines. The same command was ported to the crypto. However, after depositing in eWallet first, you can transfer your deposit to the casino.
How to deposit using casinos using credit cards
- First you need to select the cashier.
- Once you visit the cashier, you will see that there is a Visa or Mastercard available on the menu.
- Select the method you prefer from the two and enter the amount of money you want to bet with.
- After that, just select “submit” and your funds will be processing.
Deposit via cash advances
In most cases there are fees associated with deposits. There are no fees associated with using a casino credit card; they waive all transaction fees. Players with credit cards treat deposits as cash advances. You will pay both cash advance fees and higher interest charges when you withdraw cash from an ATM using your credit card.
The same goes for credit card gambling transactions: if you use your MasterCard or VISA to fund a casino, you will pay a little more than if you were making an online purchase.
In May, there were 1.8 billion debit and credit card transactions in the UK by cardholders in GBP and overseas. This was 64.4% more than in May 2020 and 5.54% more than in May 2019. Therefore, security is certainly a major concern. The best security on the planet is found in credit cards since they are the world leaders in payments.
In order to guarantee transaction security, MasterCard and Visa use SSL (128-bit encryption). Additionally, credit card companies usually have insurance in case an online casino goes bankrupt. The money you loaded into your account via credit card could be refunded if this happens. Make sure you are aware that you need to enter an additional password when depositing (Verified by VISA or SecureCode for MasterCard).
This is an additional layer of security provided by the credit card company. You will be redirected to your issuer’s site to enter an additional unique code after making a deposit. Authenticating your credit card helps us ensure that your deposit is legitimate. You should also keep your credit card transactions consistent, as this is something money management experts need to keep in mind. Many credit card transactions may be considered fraud by some card providers. If you need to deposit $10 a day, deposit all the money at once to avoid problems.
Benefits of using credit cards
- Funds and bonuses are accessible quickly and easily.
- Most UK casinos accept this payment method.
- Ensures the safety and security of transactions.
Disadvantages of using credit cards
- There may be fees associated with cash advances.
- The gambling industry faces higher interest rates.
- There are times when withdrawals are not allowed.
But what if you are a non-UK player?
For the past two years, American players have been able to play legal slots in the state of New Jersey and the state of Delaware. The good news of new laws has not always trickled down to credit card issuers, even though these laws have been opened up in the United States.
Players weren’t able to deposit with VISA, Diners or MasterCard lately, but that has started to change. In most cases, American players make deposits free of charge, at least at the casino, but gambling is generally considered a “cash advance” by credit card companies. Therefore, there are additional fees and it is better to use digital wallets to avoid them.
Online slots are also considered cash advances in other countries that regulate online gambling. You may also have to pay an additional 3% fee on top of the deposit amount.
Frequently Asked Questions
What is the typical filing time?
You can deposit instantly using credit cards.
What is the typical withdrawal time?
You can withdraw your fund within 2-3 days.
Do credit card charges vary in the UK?
Yes. That is why it is advisable to check with your provider first.
And so, you have it. This is how you make a deposit at an online casino using a UK credit card Make sure you read all terms and conditions carefully each time.