When you’re wanting to deposit funds to your online bingo account, you also want to think about how easy and convenient your preferred payment method is when it comes to withdrawing your winnings.
Today, we look at the pros and cons of the most popular payment methods.
Some bingo sites offer very few payment methods while others give you more choices than you can shake a stick at.
However, most online bingo players all have a common goal which is to find the most secure and easy-to-use way to add and withdraw funds.
Gamesys sites and debit cards
Despite being one of the biggest UK operators, Gamesys isn’t a platform that gives its players a wide choice of payment methods. In fact, currently, Gamesys brands like Jackpotjoy, Virgin Games and Rainbow Riches Casino only accept debit cards, and in some cases ApplePay.
Having said that, there’s nothing bad about debit cards. It’s just that not everyone owns one or is happy to use one for making online payments.
However, debit card use is becoming the most favoured by all operators in 2021 as it allows them to verify player age and many have set up faster withdrawals for debit card users too. Debit card deposits are credited instantly, but withdrawals to a debit card have been known to take between 3 and 7 days to arrive. Now, operators such as Gamesys are ensuring that debit card players get their winnings in less than three hours!
E-wallets like Paypal, Neteller and Skrill aren’t just highly secure; they’re also one of the fastest ways to get hold of your winnings. Most popular online bingo brands offer at least one e-wallet.
Pay by Mobile/Boku
The operators Nektan (now Grace Media) and Jumpman Gaming both offer Pragmatic Play bingo games. Along with other popular payment methods, they allow you to fund your account using your mobile phone. There’s a limit on how much you can deposit, and no financial details are required. Your deposit is either charged to your monthly phone bill or debited from your PAYG credit.
However, it’s not yet supported by all mobile phone operators. Plus, you cannot withdraw to the same payment method.
Paysafecards can be bought in shops and entered as voucher codes to make deposits. You can also open a Paysafecard account online and top it up using multiple payment methods. Having a Paysafe account may soon be the only way to use this service moving forward.
It’s a great way to fund your online bingo playing experience as you don’t need to share any financial details with the bingo site. However, Paysafecard cannot be used for withdrawals, so you’ll need to choose another payment method such as bank transfer when you wish to withdraw.
At MrQ, you can take advantage of open banking which lets the site’s payment processor connect directly to your bank account using biometrics or online banking authorisation. This means that you can enjoy instant access to your winnings.
Tombola has also introduced fast banking for Visa Debit withdrawals so that you can cash out your funds in as little as 1 to 2 hours.
We explore more payment method options and their pros and cons in our dedicated Bingo Payment Methods section – be sure to check it out.