In April 2020, the credit card ban in the UK came into force, meaning that gamblers in the UK can no longer use credit cards as payment option for online and offline bets.
The Gambling Commission and the government’s Department for Culture, Media and Sports first announced the ban in January, which shook-up the UK online gambling scene. It is quite big changes that affect all involved parties, especially gamblers and online casino sites.
Is there a need to be concerned? The answer is – NO. The online casino market in the UK brings more than many excellent online casino options, and more importantly, in this case – a vast range of alternative payment methods available also for the UK players. The offer includes debit cards, prepaid cards, cryptocurrencies, Pay by Phone option, and many other solutions, while one of the most popular payment methods is digital wallets or eWallets.
TOP 10 Best Online Casinos in the UK that Accept eWallet in 2020
As eWallets are the second most popular payment method for money transactions to online casinos after credit and debit cards, many casino players who previously used credit cards might choose one of the eWallet options. There are thousands of eWallet online casinos that accept, if not multiple digital wallets, then at least the most popular ones like Skrill, PayPal, EcoPayz, etc.
SixSlots team has reviewed more than many online casinos that are available for the UK players and accept eWallets so you could lay back and enjoy a thrilling casino experience at one of the best eWallet online casinos without any worries. All sites are licensed by the UK Gambling Commission. Here is a list of TOP10 online gambling sites that accept digital wallets.
What is eWallet?
An eWallet or digital wallet is a secure electronic service linked to the user’s bank account that allows the customer to make purchases or money transactions online through a computer and smartphone.
One of the key aspects using a digital wallet as a payment option is the fact that all personal information about the customer is encrypted and securely stored online where it is protected from any harm. For gamblers, it is a safe and easy way to deposit money in the eWallet online casinos and to receive winnings in a short notice.
Nowadays, there are many different eWallet solutions available. PayPal, Skrill, EcoPayz, Neteller, EntroPay – these are just a few of the most widely used digital wallets in the UK and Europe in general, which gamblers also likely choose to play at eWallet online casinos.
Deposits and Withdrawals at eWallet Casinos
Although there are many digital wallets, they operate in a similar way. Therefore, making deposits and withdrawals at eWallet-accepting online casinos is very easy. Even if you are not familiar with online gambling using digital wallets, there are just a few simple steps to remember.
First, the punter should check if certain eWallet online casino accepts desired digital wallet – if you are in search for a new casino adventure, you can start with the list of the best eWallet online casinos for UK players presented above. If the casino does not support the exact eWallet payment, the player can choose another alternative or continue the search for an online casino that accepts a particular digital wallet.
Once the gambler has found which digital wallet to use, he needs to create an account and add a balance (eWallet operators provide a simple guide on how to do that, and you can add money to account using debit cards, other eWallets, bank transactions, etc.). After you have opened a digital wallet account, you can deposit money to eWallet online casino selecting it from a list of available deposit options.
When it comes to withdrawals, note that not all eWallet-accepting online casinos support digital wallets for withdrawals. However, mostly it is provided, and the player just needs to select the digital wallet, fill the payment details, and wait for the casino to approve the cash-out.
Advantages Choosing eWallet Online Casino Sites
There are a number of reasons why many gamblers worldwide as well as in the UK already prefer eWallet online casinos and choose to use digital wallets instead of credit cards.
As we already mentioned, eWallets are easy to install and implement – it can be done online in just a few simple steps. Using digital wallets, the players do not need to remember long card and account numbers or security codes as it is with credit cards and bank transactions.
Moreover, punters can link digital wallet to all eWallet online casino accounts. Thereby, there is no need to fund each one separately either you use GBP, EUR, USD, or other currencies, which saves time that can be spent playing favourite casino games.
• Payment speed
Probably one of the most important factors why gamblers enjoy eWallet online casinos is transaction speed. Deposits are usually instant, and withdrawals also are very fast.
Usually it takes as long as for online casinos to approve the withdrawal request, and after that, the money will reach the digital wallet account in less than a day. Credit card and bank transfers sometimes can take up to five business days to process withdrawals, which is a long time comparing to a fast capacity of eWallets.
Security is always an important question. So, it is good to know that eWallet online casino sites are absolutely secure and safe, and digital wallets entail an extra level of security. All major eWallets are strictly regulated and practice advanced security and anti-fraud protocols. It ensures that all information about the users and their transactions are encrypted and stays confidential, protected from internet threats.
Moreover, using a digital wallet to make deposits at eWallet online casinos are anonymous – the casino does not receive any of your personal information. It is important if the player is not sure how the online casino stores personal information and still wants to play there.
Of course, you do not need to worry about the security and regulation, choosing the best eWallet online casinos from our provided list for UK players or any other casino that holds all necessary gambling licenses.
Weaknesses of Using eWallet for Online Gambling
Although there are multiple good reasons to use eWallets for online gambling, we should also mention some weaknesses that are good to keep in mind.
As digital wallets continue to gain more popularity, and casino enthusiasts have a vast range of eWallet online casinos available also in the UK, there are still various casino sites that do not support digital wallet payments. Therefore, it is always worth to double-check if the casino accepts eWallets. We have done a research for you and provide a list with TOP 10 best online casinos that accept eWallets.
• Transaction fees
Some eWallet online casino venues charge a transaction fee for digital wallet deposits and withdrawals, which might be a little higher than with credit cards, mobile payments, or cryptocurrencies. However, other operators have managed to solve the issue, and these online casinos that accept eWallets are quite cost-effective.
• Limited bonuses
Unfortunately, at some eWallet online casinos, the players who deposit with digital wallets are not eligible to receive any bonuses or participate in certain promotions. Usually, the bonuses are limited for Skrill and Neteller users. This is another point worth double-checking before the player opens an account at the online casino.
New changes in the law that bans credit cards as a payment method for online and offline gambling in the UK for someone might come as a shock, while it does not change anything for someone else. The decision is made to reduce the risks of gambling harm to consumers that suffer some form of it.
Responsible gambling always has been a widely discussed topic, and the new changes show that the UK gambling industry takes it very seriously. Everyone should understand the importance of time and money management as well as all other points when gambling can be harmful.
Final Thoughts: eWallet Online Casinos are a Great Alternative to the Credit Card Payments for UK Players
We hope you are a responsible gambler, and, in that case, new changes should not affect you that much. The iGaming industry in the UK remains strong and provides many other high-quality alternatives – eWallet online casino being one of them.
Digital wallets are the next most popular option, and there are many advantages of using them like the fast payments, security, and simplicity they offer. Most of the best online casinos accept eWallets, and players can enjoy supreme gambling experience without worries.
Whether you are looking for extensive game collection, the best online casino bonuses, fastest payouts, the best mobile gaming experience, SixSlots picked TOP 10 best eWallet online casinos available for UK players. Each of them thick all boxes to be worth checking out, so read in-depth casino reviews if it helps to choose your next casino destination and play at one of the best eWallet online casino sites.