Real Banking Facts for Real Money Players

Ready to be a real money online Casino player? Brill! Now that you’ve decided to join the iGaming party for realsies, it’s time to learn about online casino payment methods, and your pal OJO’s got the lowdown on casino banking from the various payment solutions available, to making deposits and withdrawals, and everything else in between!

Whether you’re a newbie in need of a crash course in online casino payment methods or you’re a seasoned player looking to brush up on a few deposit and withdrawal tips, you’ll find everything you need right here. This is your guide to all things related to online casino banking in the UK.

In true OJO fashion, this guide has been designed to keep it real, keep it simple and keep it fair. After all, when it comes to depositing your hard-earned cash and withdrawing your winnings, you should never have doubts about the payment method you choose or worry about the security of your funds.

Ready to get started? Let’s do it, amigo!

Part 1
Casino Payment Nitty-Gritties:
Essential Answers to your Burning Questions

In this section we’ll take a look at all the casino banking essentials you need to know. This includes a look at the different types of casino banking methods, commissions and fees, processing times, security and of course, a rundown of OJO’s available banking options.

1.1
Take your pick of payment methods – Which one is right for you?

You’re excited. You’re ready to play and you’re ready to make your first deposit. But, do you know which online casino payment method is the best option for you? Are you aware that there is a wide selection of options you can choose and that some may actually be a better choice for you than others? No? Don’t worry! OJO’s here to help make sense of it all.

Let’s start by taking a look at the most widely used and accepted payment options at online casinos today:

Credit/Debit Cards

Credit and debit card payment methods are widely accepted around the globe. Therefore, it shouldn’t come as much of a surprise that they are one of the most trusted, used and accepted popular online casino payment methods available today.

What is a credit/debit card?

OJO’s not going to insult your intelligence here. You know what a credit and debit cards are, obvs. In fact, you probably already have these cards in your wallet, whether it be VISA, MasterCard, Maestro, etc. That said, to keep things OJO-style simples, the basic key difference between credit and debit cards when used as an online casino payment is as follows:

• Credit cards – When you use an online casino credit card payment, the funds you deposit are charged to a line of credit for which you are billed at a later time. When the credit bill comes, if you don’t pay it right away, you are charged interest on the amount owing.
• Debit card – When you use a debit card to make your deposit, the money is withdrawn directly from your associated bank account. You are not borrowing funds. They are debited directly from money you already have in your bank account.

What makes credit/debit cards a top online casino payment method?

• Fast and secure casino banking
• Make instant deposits
• You can make both deposits and withdrawals
• Credit/debit cards are typically easy to obtain
• Credit/debit cards are widely available for players in most countries

Examples of popular online casino credit/debit card banking options

eWallets

Quickly becoming one of the preferred payment methods for online casino deposits and withdrawals, eWallets, also known as electronic wallets or digital wallets, are a secure, quick, and reliable way to transfer funds and make purchases online.

What is an eWallet?

Simply put, an eWallet is an online service that allows you to make a digital transaction with ease and convenience. To make eWallet casino deposits and withdrawals, you will need to have an account with a company that provides an eWallet service, such as PayPal, Skrill, Neteller, etc.

Setting up an account is typically easy to do and can be done online in a matter of minutes by following the chosen company’s step-by-step registration process. You can expect to provide information such as an email, name, address, telephone number, etc. Furthermore, depending on the eWallet you choose, you may be required (or have the option) to link it to your bank account.

Once you have your eWallet account set up, you can fund the account (e.g. money from your bank, via a credit card, etc.). Once your eWallet has funds, you can then make an online casino deposit.

What makes an eWallet a top online casino payment method?

• Rapid and secure fund transfers
• Instant deposits
• Fast withdrawals – eWallet withdrawal processing times are typically the quickest and can occur within 24 hours.
• Setting up an eWallet account is easy and most are free to register

Examples of popular eWallets:

Bank Transfers

If you want to fund your account using funds directly from your bank account, bank transfer online casino payment methods are the way to go. This method gives you the peace-of-mind and convenience of depositing and withdrawing funds directly from your bank account straight to your casino account and vice versa. The extreme security of this transfer minimises risk to all parties involved.

What is Bank Transfer?

As previously stated, it is a wire transfer of money from one account to another. In the case of online casinos, it is the transferring of funds from your bank account directly into your casino account. That said, there are different types of bank transfers.

For instance, there are those that can be performed internationally, such as a Bank Wire Transfer as well as those that can be performed at a faster processing speed between two local accounts, such as Fast Bank Transfer. There are also Instant Bank Transfers, which tends to be the fastest of all bank transfer options. That said, it involves a third party service that completes the transaction on behalf of the customer and typically can only be used for making deposits.

What makes bank transfer a top online casino payment method?

• Top secure funds transfers
• Money is protected and safe
• Deposit money directly from your bank account
• The option of no third party involvement
• No worry of having to use credit cards or setting up additional eWallet accounts

Examples of popular bank transfer methods:

Prepaid Cards

Want a secure, fast and super-anonymous way to make an online casino deposit with no banks involved? OJO says you’ve got to give prepaid cards a try. Instant casino banking is made easy with this method of payment that can be particularly useful to players who may not be able to use other options to upload funds into their account.

What is a prepaid card?

It’s an online prepaid payment method. More specifically, it is a card or voucher on which you load money in advance. Depending on where you live, you can typically purchase one of these cards at local convenience shops, post offices and other retailers.

Essentially, once you purchase the card, you can then use it at any one of thousands of online shops and casinos. You simply follow the instructions on how to use the card or voucher, which often involves entering a secure PIN. You can then purchase items or deposit funds into your casino account without having to provide any personal information, bank or credit card details.

What makes prepaid cards a top online casino payment method?

• Security is 100% guaranteed
• Your privacy is 100% protected
• You can make purchase or transfer funds 100% anonymously
• No personal details, bank details or credit card details need
• No credit checks required
• Instant deposits

Examples of popular prepaid card methods:

1.2
Secure payment methods – How do I know if casino banking is safe?

Without question, you should only ever deposit real money at an online casino you trust. Just as you check into other companies before you make purchases online, you need to do the same when it comes to selecting casino banking methods and the online casinos offering them.

That’s right amigo, it’s a double security check:

• First, make sure the online casino is fully licensed and regulated and then look into its terms and conditions, its privacy policy, and the type of security it uses to protect the transferring of sensitive data.
• Second, make sure you look into the company providing you with the banking service (e.g. VISA, PayPal, etc.). What type of security measures do they provide to ensure your funds are safe in your account and during its digital travels?

You can never be too secure

Here are a few more things you might want to keep in mind concerning online casino payment security, courtesy of your pal OJO:

1.3
Country & currency availability – Are all methods UK-friendly?

While it would be nice if you could use any and all payment methods for online casinos, the reality is that where you live often dictates what methods are available to players in your jurisdiction.

For instance, while PlayOJO is pleased to provide its UK online casino players with PayPal as a banking option, this payment method is not available to Canadian OJOers.

Why is that…

Online casinos aren’t the only ones who make the banking rules

Certainly, OJO has important regulations when it comes to his depositing and withdrawal methods, which you can easily view here in PlayOJO’s transparent terms and conditions. That said, OJO and his fellow reputable online casinos don’t make all the rules when it comes to country availability in regard to the banking solutions offered for making monetary transactions.

Every country has its own rules when it comes to banks and financial institutions and these companies are required to follow these regulations. In some cases, following these rules is too much of a hassle so some companies simply don’t offer their services to residents of these nations. Additionally, some banks and financial firms don’t exist in certain markets simply because it’s not profitable to them.

Therefore, if you don’t see a certain payment method you were hoping to find among the available options for your country, don’t take it personally. Rest assured, OJO’s still offering you the very best online casino payment methods!

Show me the green OJO!

Keep in mind that just as not all casino banking solutions accept players from all countries, they also aren’t available for all currencies. Moreover, not every online casino offers the same currency options to its players.

Wondering what currencies PlayOJO accepts? Wonder no further. Voila! Feast your eyes on this nifty little chart:

Were you hoping for more info on the top UK online casino payment methods for 2019? Get the scoop in Part 2 of OJO’s ultimate guide.

1.4
Commissions & Fees – Will I have to pay to transfer funds?

Wouldn’t it be great if we lived in a commissions-free, fee-free, tax-free world? Yes, yes it would. Even though we’re all dreaming for that day to arrive, OJO promises to keep it real. As such, we feel it’s only fair to tell you that sometimes you may be subject to fees when you transfer funds in and out of online casinos, including PlayOJO casino.

Who charges me the fee?

If there is ever a fee charged to make a deposit or withdrawal, it should only ever be charged to you by the company linked to the specific payment method you are using. For instance, both the eWallet’s Skrill and Neteller have transaction fees.

Of course, it’s not just Skrill and Neteller who charges fees. Sometimes credit and debit cards will, such as VISA, MasterCard and Maestro. That being said, whether the fee exists and the percentage of that fee can vary from casino to casino and country to country.

That being said, banking company transaction fees aside, an online casino, itself, should never charge you money to either deposit or withdraw your funds from your account. If it does, find a more reputable casino. *wink wink*

1.5
Processing times – How fast do I get my money?

You want your money fast, we get it! Once you’ve scooped up some winnings or you simply have funds in your casino account that you want to take home, you want that money ASAP. A reputable and wager-free casino, like yours truly, sees to it that when you request a withdrawal from the cashier, we do everything on our end to make sure your request is processed straight away to get the funds transfer ball rolling.

Will I get my money superfly fast?

If it were up to OJO, we’d make it so that you had your funds in your bank account the same day you made your withdrawal request. But, alas, it’s not just up to us. You see, each banking or financial institution processes funds transfers at different speeds. How fast you receive your money may depend on a variety of factors. These will be explored further in part 3 of OJO’s guide.

Essentially, when you make an online casino withdrawal there are two levels of processing you need to clear:

Casino withdrawal verifying process – This is the time it takes for the casino to process and validate your withdrawal request once you’ve made it via the cashier. This processing time varies from online casino to online casino. OJO, on the other hand, processes all withdrawals within 24 hours.

Funds transfer process – Once the casino releases the funds, the countdown starts on the length of time it will take for the funds you’ve withdrawn to reach your designated bank account, eWallet, credit card, etc. The length of time varies from one payment method to the next, but here’s a general idea of the average wait times of the most popular casino payment options previously mentioned:

As you can see, my friend, despite all these banking solutions being popular and secure, when it comes to processing times, they aren’t all created equal. Bummer!

1.6
What are PlayOJO’s online casino payment methods?

Want to know what payments you’ll find in the PlayOJO Cashier? You’ll be pleased to know that you’ve got more than one option! Your pal OJO’s got you covered with credit/debit cards, eWallets, prepaid cards, and bank transfers for the real digi funds transfer lovers.

PlayOJO Deposit Options

* Note: The lists above are of UK Deposit Methods. OJOers from other countries may see different lists.

PlayOJO Withdrawal Options

* Note: The lists above are of UK Deposit Methods. OJOers from other countries may see different lists.

As you can see above, OJO has teamed up with only the most trusted and secure online casino banking options around. What’s more, we’ve made sure that our OJOers can choose from a variety of methods. Whether you’re a fan of credit or debit cards, eWallets, prepaid cards, bank transfers and beyond, there’s more than one way to transfer your funds when making safe deposits and withdrawals at PlayOJO.

Want to learn more about OJO’s specific brand of online casino banking? Click here.
Got OJO-related payments questions? Check out the FAQ.
Need to buzz the OJO crew instead? Get in touch.

Part 2:
Top UK Payment Methods for 2019

Which casino banking options are the best for Brits who are looking for secure and quick online gambling fun? OJO knows, and we’re going to share everything there is to share. We’ve made sure that Part 2 of this Ultimate Online Casino Payment Methods Guide is dedicated to revealing what every Brit should know about popular UK casino methods to help you make the best choice.

2.1
UK players love these casino payment methods – find out why!

Wondering what the top UK online casino payment options are for 2019? Here’s the best of the best that are both UK real money casino player and OJO approved!

Every one of these banking solutions listed below provide online UK gamblers a safe, easy and secure online casino deposit experience. Plus, for some extra icing on the cake, most of these options let you deposit your funds instantly and many support speedy withdrawals as well.

OJO knows how important it is to be able to choose a safe and reliable payments company