Jenny has 17+ of experience in the iGaming industry, having worked for some of the UK's leading brands. She is a recognised expert in bingo and slots.
Methods
Hello Bingoers, in this guide, I’ll walk you through the various payment options available for online bingo. Understanding the different methods for depositing and withdrawing funds is useful when playing online. Today, most bingo sites offer a wide range of choices, allowing you to select the one (or two) that suit you best.
I’ll break down each payment method and highlight the pros and cons of each, so take a seat and I’ll begin.
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Most Popular Payment Methods
Deposits are instant across most payment methods, and although withdrawals vary, the table below summarises all of the information so that you have it at your fingertips.
| Method | Fee | Deposit Time | Withdrawal Time | Min Transaction |
|---|---|---|---|---|
| Mastercard | Free | Instant | 1-5 Days | £5 |
| VISA | Free | Instant | 1-5 Days | £5 |
| Paysafecard | Free | Instant | 24 hours | £5 |
| PayPal | Free | Instant | 24 Hours | £10 |
| Apple Pay | Free | Instant | 24 hours | £5 |
| Google Pay | Free | Instant | 1-5 days | £5 |
| Trustly | Free | Instant | 24 hours | £5 |
| Neteller | Free | Instant | 24 hours | £10 |
| Skrill | Free | Instant | 24 hours | £10 |
| MuchBetter | Free | Instant | 24 Hours | £10 |
| Pay By Phone | Free | Instant | NA | £5 |
| Bank Transfer | Free | 1-3 Days | 1-5 Days | Varies |
Debit Cards
Debit and prepaid debit cards let you use funds you already have, making them a popular choice for online bingo. They're easy to use, widely accepted, and offer better control over spending by allowing you to deposit only the available balance.
Mastercard
Mastercard debit cards can be used for online bingo deposits and withdrawals. By the way, it’s worth noting that since 2020, credit cards have not been allowed to be used for any gambling activities. Mastercard is a trusted and widely used payment method for online bingo, offering secure and instant deposits. Withdrawals usually take 1 to 5 business days, depending on the bingo site and bank.
Benefits include strong security and ease of use, making it a convenient choice. However, sometimes - although it's rare - a bingo site does not support Mastercard for withdrawals. This tends to be smaller sites, so check the bingo site where you prefer to play.
VISA
Visa debit is again a trusted payment method for online bingo. A big plus is that it's a huge brand, it's known for its security and it’s widely accepted. Deposits with Visa are processed instantly, while withdrawals usually take between 1 to 5 business days.
Its advantages include strong fraud protection, ease of use, and compatibility with most bingo sites. Sometimes, certain Visa card types, such as prepaid cards, may not always be supported for withdrawals, so check your preferred bingo site’s details.
PaysafeCard
PaysafeCard is a popular prepaid payment method offering you secure and private transactions. Deposits are processed instantly, but withdrawals are not always supported, which means you need to choose an alternative withdrawal method for your winnings.
Its key advantages include ease of use, anonymity as there’s no need for bank details, and control over spending. However, a disadvantage is the sometimes lack of withdrawal options. PaysafeCard is ideal if you prioritise privacy and secure deposits over convenience in withdrawals.
Digital Wallets
Digital Wallets (or e-wallets as they are also known) and electronic money transfer providers are popular online services for storing and transferring funds in online bingo. They're rapidly growing in popularity due to their fast transactions, enhanced security, and convenience, allowing players to deposit and withdraw with ease.
PayPal
PayPal is a widely used, recognisable digital wallet offering fast, secure, and convenient transactions. Deposits are instant, while withdrawals are processed within 24 hours to a few days, depending on the bingo site. We've written this handy guide to the best Paypal bingo sites.
Advantages include the knowledge that you're using a trusted product that has been around for years, advanced privacy - as no banking details are shared with the site, plus speedy withdrawals into your PayPal account compared to other methods. However, not all bingo sites accept it as a payment option. Overall, PayPal is ideal if you're seeking a fast and secure way to manage your funds.
Apple Pay
Apple Pay is another secure and convenient digital wallet which Apple has created. It’s a payment method which allows you to make instant deposits using your Apple device. Its strong encryption and biometric authentication provide excellent security. However, Apple Pay is sometimes only available for deposits rather than deposits (although this is rare). You can find out more about the top Apple Pay bingo sites.
Key advantages include ease of use, speed, and no need to share card details directly with the bingo site. On the downside, its availability is limited to players with Apple devices, so if you’re an Android user, it is no good, plus not all bingo sites support it.
Google Pay
Google Pay is Google’s version of the digital wallet and is a convenient and secure payment option for your Android device, we have compiled a guide to the best Google Pay bingo sites. Its encryption ensures safe transactions, making it a secure choice. However, it’s sometimes limited to deposits, requiring an alternative method for withdrawing any wins.
Advantages include the fact that it’s a trusted method, its speed, ease of use, and the fact that there is no transaction fee. The main drawbacks are its restriction to Android users only and the fact that not all bingo sites accept it.
Neteller
Neteller is a well-established digital wallet known for its fast, secure, and convenient transactions. Deposits are processed instantly, while withdrawals typically take between a few hours and a couple of days, depending on the bingo site. We've created this guide to the best Neteller bingo sites.
Advantages include enhanced privacy, as your banking details remain undisclosed to the bingo site, plus the ability to withdraw funds faster than many traditional payment methods. However, not all bingo sites accept Neteller, and some may exclude it from deposit-related bonuses.
Trustly
Trustly is a popular payment method that enables fast, secure, and hassle-free transactions directly from your bank account. Deposits are instant, while withdrawals are often processed within a few hours, though exact times vary by bingo site. You should check out this nifty guide to the best Trustly bingo sites.
Key advantages include top-level security, as Trustly uses bank-grade encryption, and the convenience of not needing to create an additional account - simply pay using your online banking. Withdrawals are generally faster than traditional bank transfers, making it a great option if you want quick access to winnings.
Pay By Phone
As we all know, smartphones are incredibly popular, and as a result, this payment method has gained traction, we've written a convenient guide to the best Pay By Phone bingo sites which is worth a read. With Pay By Phone, you can make deposits on online bingo sites using your mobile phone bill or a prepaid balance. Deposits are processed instantly, with a daily limit of £40 and a monthly limit of £240.
However, Pay by Phone is typically limited to deposits, with no withdrawal option available, requiring you to choose an alternative method. The main advantages include ease of use, security, and the ability to make deposits without needing bank account details. On the downside, it has deposit limits - although this may be an advantage for some players.
Bank Transfer
Amounts for this method vary, I’ve seen figures of between 1p and £100. A con of this method are the timings available as depositing money can take 1 or more days due to bank processing times. It’s the same with withdrawals which are usually 3 to 7 days so it isn't the most convenient for a speedy transaction, but most bingo sites offer this as an option.
The advantages include security as its with your bank, no need for third-party services, and large transaction limits. The minimum deposit amounts vary across banks, some start at 1p, and some start at £100 but the maximum amounts tend to be large. However, the processing times are slower compared to other payment methods, and a few bingo sites may charge fees for bank transfers. Despite this, bank transfers are ideal if you prefer security and larger transactions.
Why These Bingo Payment Options Made Our List
With so many ways to deposit and withdraw at bingo sites, choosing the right payment method can be overwhelming. We've highlighted the most popular and widely trusted options to help make your decision easier. Our team of experts, who test and review bingo sites, have personally used these methods without any issues. Each one offers a secure and reliable way to manage your funds, so the best choice comes down to what works best for you in terms of speed, convenience, and personal preference.
