Online bingo banking methods for deposits and cashouts. Browse e-wallets, credit/debit cards or transfer services available in your country. Get started!
Wondering how to make an online bingo deposit or withdrawal? How to find the best banking method for your online gambling needs? We’ve reviewed a variety of services from e-wallets to credit cards, debit cards, transfer services, and more. You’ve come to the right place to get started!
Payment options vary depending on your location and selecting a convenient method is key. Facilitating your transactions is important for operators, but also for players who are looking for a fresh, easier way to send and receive money.
Types of Banking Options
When it comes to banking options, types range from credit cards to debit cards, e-wallets, e-checks and bank transfers. The number of payment options and processors is booming, mostly due to the high demand for alternative means of payment in some of the largest online gambling markets.
Credit Cards: Visa, Mastercard and American Express can be used to deposit and withdraw directly or via third-party service. The use of credit cards for online gambling purposes was restricted by the UKGC in 2020.
Debit Cards: Can be used to deposit and withdraw directly or via third-party service. Funds come directly from your bank account. Provide the 16-digit card number or tie to third-party service such as Apple Pay. UK players may use debit cards as they are not considered lines of credit.
Prepaid Cards/Gift Cards: Often used to deposit and certain prepaid products, such as gift cards, are not reloadable. Alternative withdrawal methods are often required for gift cards. Prepaid methods include Visa, Mastercard, EcoCard, Neosurf and Paysafecard.
e-wallet: Definitely a popular solution. Fund by using another method such as bank transfer, card or another e-wallet service. Once approved by the bingo operator, payouts may be instant. You can transfer the funds to a bank account from there. Services include PayPal, Neteller, Skrill, and more.
Cryptocurrency: Bitcoin is the most commonly used virtual currency followed by Ethereum, Bitcoin Cash, Dogecoin and Litecoin. Purchase with cash or by trading another type of virtual currency. A crypto wallet, such as Coinbase, is required to buy, send and receive.
Bank/Wire Transfer: In the U.S. the fees are high and the processing time is lengthy, while it’s speedier in other countries with the use of methods such as Interac (Canada), iDebit (Canada), and BACS (UK) to name a few. A bank account is required.
e-check: Not as popular as it was in the early online gambling days. It’s often the last resort for players with limited options. The concept is a virtual version of writing a physical check. These take time to process - deposits and withdrawals are not instant. Mostly used for cashout purposes.
Which Payment Method is Best?
Each payment method shown below appears in the list based on the number of compatible operators, with the highest number at the top. We’ve reviewed each service in detail including whether it’s available for deposits, cashouts, or both. Plus, access direct links to supported bingo sites for each review.
In terms of the best banking method, the answer depends on several factors:
- Availability in your country and chosen bingo site
- Intended use – deposits, withdrawals or both
- Processing speed
- Transaction limits
Top 5 deposit & withdrawal methods accepted at online bingo
35 Payment Methods Found
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Is it safe to share my banking details online?
Reputable online bingo operators and payment services observe industry-standard security measures. Licensing and certifications increase trust. Third-party payment services store your personal information securely and do not share it directly with the bingo site, or with anyone else for that matter. In the case of a credit or debit card such as Visa and Mastercard, you are protected against fraudulent activity in the form of transaction monitoring and dispute resolution procedures.
What is the most common way to deposit for US players?
Credit/debit cards and virtual currency, such as Bitcoin, rank high on the list. USA bingo players can deposit and withdraw using both payment methods. For withdrawals, wire transfer is also an option in America, however, it comes with hefty fees.
What are alternative payment methods to credit cards in the UK?
As of April 2020, the UKGC banned the use of credit cards for online gambling purposes and this includes bingo. Debit cards may still be used as well as popular services such as Apple Pay, Neteller, PayPal, Paysafecard, and Skrill. Players can’t trick the system as restrictions also apply is you’re using credit cards via any of these third-party services. Switch your e-wallet payment methods to debit cards or bank accounts to prevent denial of gambling-related transactions.
How will online bingo transactions appear on my account?
Deposits and withdrawals generally post to your bank account or payment service under the owner/operator's name. For example, Tombola transactions will appear from 'TOMBOLA.CO.UK.' on your statements. Dragonfish-powered brands post as 'UK Regulated Lim' and 'WorldPay AP Limited' for UK customers or 'Vglobal DSL' for players in all other countries. Daub Alderney Limited operates bingo sites like Luck Pants Bingo and transactions come from 'DAUB LP.' If the name of the bingo site is not used, operator names are usually found in the footer of the bingo website or associated with the gambling license.
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