Most Popular Casino E-wallets | Compared by CasinoAlpha's Experts
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Imagine having a digital wallet that not only keeps your funds secure but also enhances your online gambling experience. That’s exactly what e-wallets like Skrill, Neteller or PayPal do! Most of these are available for both deposit and withdrawals at online casinos. So, let’s dive into the most popular e-wallets in the UK and explore their usability and transactional features!
Most Popular E-wallets in The UK
| Payment | Withdrawal limit | Withdrawal time | Popularity |
|---|---|---|---|
| Skrill Moneybookers | £2000 | 1 day | High |
| Neteller | £2000 | 1 day | High |
| PayPal | £5000 | 1 day | Very High |
What’s the best option for a UK gambler?
With so many options available, selecting one that suits your needs and offers competitive fees is often challenging.
This is why we have chosen for you three of the top E-wallets, taking an in-depth look at their fees and what added services they offer to reduce costs.
Which payment is the most popular?
PayPal is a global online payment system used in independent casinos that supports 100 currencies in more than 200 countries and offers unique fraud protection services and buyer authentification on request.
Skrill and Neteller are other big-name brands in the digital world, and we could not forget about Trustly transactions, which are swift and, sometimes, even instant.
The uses of E-wallets in UK casinos:
These futuristic virtual wallets are entirely secure and save time and money by offering users the flexibility to pay in various ways with instant access to funds. Top online casinos UK have adopted these payment methods so people passionate about online casino games can process transactions with their method of choice.
Neteller
Neteller fact sheet
- Neteller is a widely popular E-wallet.
- One of the major advantages Neteller offers is their VIP members services which reduce fees charged on their transactions.
- Neteller was founded in 1999 and has been embraced by various industries as a payment processor.
- It’s also widely used by many online platforms, including gambling platforms, with Neteller casinos being some of the most sought-after alternatives for gamblers.
Additional Information on Neteller Offers
- The payment processor is known for its 24/7 support for over 22 currencies and presence in over 200 countries.
- Neteller also supports different languages; customers have 16 languages to choose from.
- Neteller does charge fees for account management, spending cash, or receiving funds on a merchant site.
They have also partnered with Skrill allowing members to transfer directly to a bank or mobile cash account without any charge.
Common Neteller Account Features
Managing a Neteller account requires understanding the various fees and policies associated with it. If you maintain an inactive Neteller account with a balance, be aware that after one year of inactivity, a monthly fee of £1.80 will be charged. However, this fee is waived once you resume using your account.
When it comes to depositing funds, Neteller imposes a fee that ranges between 3% to 7% of the deposited amount, depending on the total sum. This means that the cost of adding money to your Neteller account can vary significantly based on how much you choose to deposit each time.
Withdrawing using Neteller also involves specific fees. British users will incur charges between £7.50 and £25 for each bank draft withdrawal transaction made with a Neteller card. Additionally, for bank transfers, Neteller charges a flat fee of £5.50 per processed transaction, which is important to consider when planning your withdrawals.
Currently, Neteller does not support the option of withdrawing funds directly to a credit card. This limitation means that users looking to transfer their winnings or funds from their Neteller account to a credit card will need to explore alternative withdrawal methods offered by the platform.
PayPal
PayPal is another popular E-wallet, particularly in the UK, and its biggest competitor is Neteller.
Depositing casino funds with PayPal – the basics:
- There are no charges when receiving money via PayPal from parties based in the same country and currency.
- Still, the transfer must be via a bank or PayPal balance for it to be without cost.
- Should funds be sent to a recipient based in another country or using a different currency, the service will add a processing fee of 3.9% + 30p for every service payment received.
Luckily, no fees will be applied for transfers sent among friends and family.
Since this E-wallet allows people to process transactions without charge and the payments are usually instant, UK PayPal casinos, like Virgin Games Casino or Crash Gambling Sites, are some of the most popular choices among gambling enthusiasts.
Other Fees
Other fees incurred when utilizing PayPal is a foreign transaction fee of 2.5%, and when cash gets loaded to your PayPal balance via the PayPal app, the cost is £3.95.
Skrill
Skrill Fact Sheet
- Skrill has been around for over two decades with simple, quick, reliable, and secure services.
- The company is owned by Paysafe Group Plc and operates in over 200 countries.
- As previously mentioned, Skrill is another famous brand that works similarly to Neteller but at an even lower cost.
Skrill Account Features
If you have an inactive Skrill account, it’s important to note that after a year of no transactions, a monthly fee of £1 will be charged. Fortunately, this fee disappears once you make a new transaction.
When it comes to depositing funds, Skrill stands out by not charging any fees for adding money to your account or transferring funds between Skrill accounts. However, be aware that additional taxes may apply if you are dealing with currency exchanges, which could slightly increase the cost of your transactions.
Withdrawing using Skrill follows a similar pattern to other payment methods like Apple Pay or Pay by Phone, as it does not support bank draft withdrawals. Instead, withdrawals are typically processed through bank transfers or card withdrawals. For bank transfers, Skrill imposes a fee of £5.50 per transaction, which remains consistent whether you are transferring money to your bank or to another Skrill account.
E-wallets: A Secure and Innovative Choice
These digital pocketbooks save users funds in the long run, lowering the risk of loss and theft. Moreover, they can be used just about anywhere around the clock.
So, in the long run, having a separate E-wallet in addition to your physical one might be a great idea, especially in Android casinos. Besides making it easier for mobile casinos, new live casinos and recent slot sites also accept e-wallets and are fully adapted for additional payments.
