Online bingo has become one of the favourite games among the people in the UK. If you are one of those people and are looking to play for real money at an online bingo site, then you’ll have to choose a way to deposit and withdraw money into your bingo account. There is a huge number of payment options that are available to the players. Most new bingo sites will offer at least four different payment methods, so you’ll have the freedom to choose which one is the best for you. Below you’ll find the most popular and secure online payment methods, as well as some more information about each of them.
Best security practices for online bingo payments
The most important thing when playing online bingo is protecting your money. To ensure that your money and your financial information are secure, you have to know the best practices used by the top payment providers in the industry.
First of all, you have to find an online bingo site where you want to play. Luckily for you, here at Bingo Scanner, you can find the most popular bingo sites that have hundreds of games with many different promotions. Once you’ve picked a site to play at, look at its payment methods and find the one that works for you.
If you are new to online bingo, you might come across a lot of payment methods that you don’t know, which can be exhausting and can cause you fear for the safety of your money. That’s why you have to do research and look for the key features that make a payment method secure. Some of the features include how long the payment method has been in business, are there any complaints from users in terms of fund processing, the ability to access accounts, etc. The best payment methods are powered by a couple of regulatory organizations which means that you can process transactions in a safe and secure way. So, make sure to check that as well.
Most popular online bingo payment methods
Not sure which payment method is the right for you? Here are the most popular online payment methods, feel free to read more about each of them and make your decision.
Debit cards are by far the most common method for online bingo payments. That is because it’s very easy, simple and secure to make deposits and withdrawals with debit cards. Usually, when you create an account on a bingo site and set a card associated with it, you have to enter the card details and make the payment.
Most of the sites will allow you to save the card details or you can enter them on every payment. The required details include name, surname, card number, expiration date, etc. When it comes to withdrawing, the bingo site will allocate the winnings back to the card you used to deposit, which makes this payment method the most popular among the players. The most popular debit cards used in online bingo are Visa and Mastercard. Also, keep in mind that the card name must be the same with the name of the registered player.
E-wallets gained huge popularity in the world of online gaming and have been proven to provide safe and secure transactions. Players can use e-wallets for both depositing and withdrawing funds. Probably the most popular e-wallet among the players is PayPal, and we believe that everyone has heard about it. However, not all bingo sites accept PayPal. That’s why there are other popular e-wallets that you might consider using, such as Neteller, Skrill, and Apple Pay.
These e-wallets are accepted in hundreds of countries and are used by a huge number of players. When you choose to deposit with e-wallet, you will be asked to enter personal information like name, address, email, card information, and potentially some other details required to verify your identity.
Prepaid voucher payment system
A voucher payment system is a payment method where you pay using vouchers. It is commonly used for depositing funds at online bingo sites. The most popular prepaid voucher payment system is Paysafecard. The card works like a prepaid mobile top-up card and can be purchased online or at physical stores.
Each Paysafecard voucher has its own 16-digit PIN and you have to enter this number in the payment section when you pay at online bingo sites. This is a popular payment method because players are not required to enter any personal banking details. However, you can’t withdraw funds via a Paysafecard, so you will have to set up another payment method to withdraw your winnings.
Pay by phone bill
According to recent research, more than half of the online bingo players access their games on their smartphones. Therefore, it’s great to be able to use your mobile phone to add some funds to your account. That’s why mobile phone billing is another popular payment method among players. This payment method allows deposits to be made from PAYG credit or added to the player’s next phone bill. In the UK, there are two main providers of the phone bill bingo sites - Boku and Payforit. These platforms are fast and safe, and allow making deposits without having to enter any personal banking details.
All you have to do is to enter your phone number and a text message will be sent to your phone. After that, you’ll receive an SMS to confirm the transfer. When you make a deposit through your mobile device at a phone bill bingo site, the funds are instantly added to your account and you can start playing immediately. However, this payment method doesn’t have withdrawal option, so you’ll have to add an alternative payment method for withdrawing your winnings.
Direct bank transfers
For those who don’t want to enter personal bank details on the Internet, there is another way to deposit funds - bank transfers such as Western Union. Using a bank transfer to deposit or withdraw money is not the easiest payment method, but it is still available at most of the bingo sites. The only downside of bank transfers is that fees are usually included and the funds take a longer time to be transferred into your online bingo account. However, if you prefer not to provide financial details on the bingo sites and want full security of your funds, then a bank transfer could be the best option for you.
Tips for choosing the ideal payment method for you
If you’re new to online bingo and are ready to make your first deposit, try depositing a small amount of money to test the turnaround time of the availability of the funds and the smoothness of the transaction. The same applies to withdrawals, make sure to check how long it will take for the funds to be transferred into your account. Try these tips with all payment methods that you want to test and you’ll find the one that gives you the best results.