Bingo Payments and Deposit Options
One part of online bingo sites that should never be overlooked is when it comes to making a deposit at a bingo site or requesting a withdrawal. One handy tip all online bingo enthusiasts should have in mind is to ensure that they always have a couple of bingo payment options available before they sign up with a site and play games. There are plenty of bingo payment methods available; some are widely used and internationally recognizable, others not so much. Nevertheless, experienced online bingo players should always have several deposit and withdrawal options set up and ready to use regardless if they want to fund their account or cash out their winnings.
Bellow we have listed a couple of preferred UK-friendly bingo payment methods that you can use at many online bingo sites. All listed methods are simple, fast and easy to use. In addition, providing you do your homework and sign up only with legally licensed and safe online bingo sites, each of the preferred bingo payment methods briefly described below is safe to use for online bingo play.
Most Common Types of Payment Options in Bingo Explained:
PayPal is a third party online payment processor also known as an e-wallet that can be used at a number of reputable online bingo sites as both deposit and withdrawal method. To be able to use it at bingo sites, first you must have already registered online PayPal account loaded with cash and then use the money to fund your bingo account. Both deposits and withdrawals via PayPal require entering your PayPal username, password and the amount of money you want to deposit or cash out. PayPal payments are usually immediately processed, while cashing out takes up to 5 working days including the pending time. Both PayPal deposits and withdrawals are often free of charge. Payment limits depend on the bingo site.
UKash is a popular pre-paid voucher that can be bought at many retail locations around the world. This bingo payment option is very popular among online users from the United Kingdom and it can be used at plenty websites. To use it as a bingo payment option, you need to purchase a plastic card from a store that sells UKash for a specific amount. Then head over to an online bingo site that accepts UKash, enter the 16-digit PIN on the card at the Banking page as well as the amount you want to add. UKash cannot be used as an online bingo withdrawal method.
Neteller works more or less the same as PayPal, Skrill and other third party payment methods or e-wallets. It requires an already verified Neteller account funded with cash via a particular funding method. For verification purposes, Neteller will charge you a certain fee when funding your account. Afterwards, the money can be used at almost all online bingo sites both to make a bingo deposit and to cash out your bingo winnings. In most cases, the transactions are free of charge. However, transferring money from Neteller account to cash-in-hand incurs a certain fee. Bingo payment limits via Neteller also depend on the particular Neteller bingo site.
Skrill deposits to and withdrawals from online bingo sites are also free of charge and the limits depend on the bingo site itself. To make Skrill bingo payments, bingo fans must register a Skrill account and load it with money via their credit card or bank transfer. A small fee with be deducted for verification purposes. Afterwards, they can use the funds to make deposits and play bingo games. Skrill deposits and withdrawals require typing in of Skrill username and password as well as the deposit or withdrawal amount. Deposits are often instant, while cash outs from bingo accounts to Skrill usually take up to 5 business days. Users can also cash out money from Skrill into their bank account or credit card. Cashouts to bank account are free, while withdrawals to credit card incur a certain fee.
PaysafeCard is a physical pre-paid voucher and works like UKash. This means that in order to use it as an online bingo payment option you need to buy a plastic card from a retail store or a gas station that sells it and type in the 16-digit PIN on the card on the bingo Banking page to make a deposit. The card can be bought for £10, £25, £50, £75 and £100. PaysafeCard deposits are usually instantly processed. The pre-paid voucher, however, cannot be used as a bingo withdrawal method. Minimum and maximum deposit limits via PaysafeCard depend on the particular bingo site.
Wire transfer is the electronic process of transferring money from your personal bank account to your online bingo account. Before using this process as an online bingo payment option, make sure your bank accepts and approves such payments. Wire transfer can be used as both deposit and cashout bingo method. Players should have in mind that if they make bingo payments and withdrawals via wire transfer they need to use bigger amount of money and wait for a couple of days until transactions are clear. Wire transfer deposits usually take up to 3 working days, while withdrawals may take even up to 10 business days.
This e-wallet or e-bank also requires an already registered online ClickandBuy account with cash in order to make an online bingo payment. It can also be used to withdraw money from bingo accounts. To fund your ClickandBuy account, you can use one of the following funding methods: direct eBanking, direct debit, money transfer, Giorpay and credit card. Funding via credit card incurs a 3.9% fee, while the other methods are free. Making ClickandBuy bingo deposits and cashouts is also free of charge and, of course, the limits depend on the bingo site. Withdrawals from ClickandBUy account to cash-in-hand also incur fees and take a couple of days to complete.
Bingo Payments FAQ:
- Do I Need to Make a Deposit to Play Real Money Bingo?
The majority of online bingo sites offer free cash upon registration to new customers to check out the games and get a feel from the bingo room. With the free bonus cash players can buy bingo tickets and play various bingo games and if they win something from it they can cash out their winnings provided that they have met the terms and conditions, especially the wagering requirements. However, once the free cash runs out, to continue playing thrilling and fun games, players must make a real money deposit into their bingo account.
- Are the Bingo Payment Options Safe?
Not only they are well-known and frequently used by people from all over the world, but all of the above mentioned online bingo software providers are also safe and secure. They are backed by popular companies that have many years of experience in the online payment field and been around for a while. They are also stable and reliable and making online bingo payments and deposits through them is quite fast, easy and simple.
- What Are the Minimum and Maximum Bingo Payment Limits?
The minimum and maximum limits of various bingo payment options depend on the online bingo site. Sometimes they are tied to the bingo operator, but sometimes to the bingo payment option itself. Generally speaking, online bingo sites allow minimum payment limits of £5 or £10, while the minimum withdrawal limits are often £30. The maximum limits for both payments and cashouts are generally limited on daily, weekly and monthly basis. As mentioned earlier, the limits may depend on the online bingo banking option. In general, deposits and cashouts via wire transfer are higher than those of e-wallets or credit/debit/pre-paid cards.
- Can Bingo Payments Be Used as Withdrawal Methods?
Some of the briefly described online bingo payment methods listed above can also be used as withdrawal methods, namely PayPal, Neteller, Skrill, ClickandBuy and wire transfer. The first four methods are e-wallets, while the last one is an electronic money transfer from one bank account to a bingo account. How long a bingo withdrawal via these methods will take, depends on the method itself and the withdrawal processing time of the online bingo site. In general, cashouts via e-wallets take up to 5 working days to complete (2 days to processing time plus 3 days of completion time), while withdrawals via wire transfer take between 7 and 10 working days.
- Can They Be Used at Other Sites?
PayPal, Skrill, Neteller, UKah, wire transfer and the other bingo payment methods can also be used at other websites like those that offer online purchasing of goods and services as well as at other online gambling sites. In other words, people can use them online to buy books, clothes or music and they can also use them to play online casino and poker games or bet on sports. Virtually all websites that sell something offer at least one of the above mentioned payment options. This says a lot about their popularity, convince, reliability, safety and effectiveness. Therefore, it won’t take long until all online bingo sites start to offer them as payment and/or withdrawal methods.