Popular Ways to Deposit and Withdraw at UK Bingo Sites

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  • 28 Jun, 2024  |
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1 Popular Ways to Deposit and Withdraw at UK Bingo Sites

Online bingo sites are now more popular than ever, and the reputable operators that control today’s best sites have made their games more accessible to broader audiences by accepting a wide range of online payment methods.

Anyone aged 18 or above can now top up their accounts and cash out their winnings using some of the world’s most trusted online payment solutions. Let’s take a closer look at some of the most popular ways online bingo players use to deposit and withdraw on their favourite sites.

What payment methods do online bingo sites normally accept?

Almost every fully licensed and regulated UK bingo casino website today accepts anywhere from as few as five different deposit and withdrawal methods up to as many as 10 to 20 or more to ensure that players can easily process transactions on their site.

Each operator has a cashier/banking section with plenty of secure online payment options to choose from, which typically include debit cards, direct/instant bank transfers, prepaid cards (also known as prepaid vouchers), mobile wallets, and eWallets (also known as web wallets, digital wallets, or electronic wallets).

Some of the most secure, convenient, user-friendly, reliable, and low-cost (or free) online payment methods players can often use to top up their online bingo accounts today are the following:

• Visa debit
• Paysafecard
• Bank transfer
• Paysafecard

Important things to remember about depositing and withdrawing on bingo websites

Prepaid vouchers like Paysafecard can only be used for deposits, whereas mobile wallets, eWallets, bank transfers, and debit cards can be used for deposits and withdrawals.

The minimum deposit amount using any of these methods is typically as low as £10.00 or £20.00. If you ever notice a small fee (hardly noticeable) has been applied to your deposit or withdrawal, it will NOT be the bingo casino site operator applying that charge.

It will be the payment provider you used, so always check before depositing or withdrawing to see if any fees will be attached to the transaction. It’s how these companies make their money.

Another thing to remember about depositing and withdrawing on bingo sites or any other UKGC-licensed website (UK Gambling Commission) is that you must use the same withdrawal method you used to deposit to cash out your winnings.

When this isn’t possible, for example, if you use Paysafecard to deposit (which can only be used for deposits), then you would need to withdraw using another method – one that’s registered in your name, such as your bank debit card, direct bank transfer, mobile wallet or eWallet.

The reason for this is to comply with anti-fraud and anti-money laundering (AML) laws. Also, the reason why UKGC bingo sites don’t accept credit cards is to protect ‘at-risk’ players.

The law came into effect in April 2020 and applies to ALL iGaming sites (real money gambling sites offering bingo, casino games, live dealers, games, poker, sports betting, lotteries, etc.).

It also applies to land-based casinos and other venues offering real money gambling services, lottery tickets, fixed odds betting terminals (FOBTs), fruit machines, and sports betting services, etc.

Final note

Depositing and withdrawing on betting sites is relatively straightforward these days.

The best thing to do before depositing is to set deposit limits. Other effective, safer gambling tools you may like to try to help you stay within your budget are spending caps, win/loss limits, and session time reminders.

The other thing to remember is that withdrawals can take anywhere from just a couple of hours up to no longer than a day or two to be processed. This is standard at almost every iGaming site in the world. In comparison, deposits are typically instant, and your funds will arrive in your account in seconds.