How to Choose the Right Online Casino Deposit Method
There are often many different payment method options available to use to make an online casino payment, so how do you know which one is right for you? This guide will take you through the options available at Grosvenor Casinos to help you decide, explaining all the important factors like deposit times and limits, fees and security features.
Firstly, it’s important to understand that all payments made to and from Grosvenor Casinos are completely secure. We only offer trusted payment methods from global brands like Mastercard, Visa and PayPal, plus all transactions are encrypted for additional safety.
With that in mind, there are a few ways to distinguish the various financial transaction services from one another. The first thing to do is take stock of what services you already use, and compare them to the advantages and disadvantages as described in this guide.
Why are PayPal Casinos so appealing?
Using PayPal to make casino payments is one of the most popular options for UK players, and there are a few reasons why. First of all, it’s incredibly easy to use. Once you have a PayPal account, you can make transactions with just the click of a button, and you can find details about how to deposit with PayPal in this simple step-by-step guide.
The payments to and from PayPal will also be processed faster than any other method, which is another huge feather in its cap. As soon as PayPal authorizes the payment, it will be in your online wallet, ready to wager. You can deposit as much as you like, within your own deposit limits, starting from a minimum of £5. The deposits will happen in less than 24 hours, sometimes being processed instantly.
Withdrawals are also processed quickly using PayPal, taking up to 24 hours to reach your account. You can withdraw as much money as you have in your casino wallet, with a minimum withdrawal of £10.
Of course, every transaction is completely safe to use, protected by both PayPal’s security policies as well as those from Grosvenor Casinos. You can make a deposit or withdrawal with peace of mind that your payment will be processed securely.
Best of all, you won’t be charged any fees for using PayPal to transfer GBP into, or out of, your casino wallet. The service ticks all the boxes for a convenient, responsible and safe payment method, so if you have a PayPal account, we recommend using this service – if you don’t, there’s no time like now for creating an account.
Credit Cards – VISA and Mastercard
Credit cards are one of the most ubiquitous forms of payment methods across the UK, and are therefore a safe and easy service for online casino transactions. You can use both major brands, VISA and Mastercard, for all your deposits to Grosvenor Casinos, with a minimum deposit limit of £5.
VISA cards can also be used for withdrawals, as long as you request a minimum of £10. These will be processed between 1 – 3 days, and do not incur any fees from the casino. However, some financial institutions will charge you a fee for receiving money this way, so always ask you bank before getting his with an unexpected fee.
While the same details apply to many Mastercards, some UK Mastercard services do not allow you to make withdrawals from online casinos. Again, make sure you check with your financial service provider as to whether or not this is the case. If so, your withdrawals will be processed using a bank transfer, which you can read more about further down the page.
One disadvantage to making online credit card payments is having to retrieve your card from your purse or wallet, and undertake the fiddly procedure of putting all the right numbers into the cashier, every time. VISA has heard the complaints about this process and made it easier to make online transactions with the VISA Checkout service.
VISA Checkout allows you to save your financial information into an online account, much like an eWallet service. Then, when you make a deposit or a withdrawal, you don’t need to input your details again, just sign into your VISA checkout account and confirm the payment.
You can use this for both deposits and withdrawals, with the same £5 minumum deposit and £10 minimum withdrawal limits. These transactions completely free of fees from the casino, though again, some financial institutions may charge you their own fees. All payments will be processed between 1 – 3 days.
Prepaid Cards and paysafecard
Prepaid cards are a fantastic way to exchange your cash into currency to use online. You can buy and load them up at many convenience and grocery stores around the country, and you don’t need any identification verification process to complete any transactions. This is one of the most secure payment methods, allowing you to be anonymous online.
Of course, it does mean you have to leave the house to load up a card, and some brands, including paysafecard only allow you to load up to £250 per card. This may or may not suit your budgeting requirements, which is why it is important to clearly understand your personal needs before selecting a payment method.
Grosvenor Casinos does not charge you any fees to make any deposits using a prepaid card, with the minimum deposit amount the standard £5. Deposits will be processed between 1 – 3 days, depending on the processing requirements of the financial service – some are much faster than others.
Unfortunately, prepaid cards like paysafecard cannot be used to make any withdrawals. If you intend on using this payment method, your cashouts will need to be processed using a bank transfer, which we’ll explain further in the next section.
Another of the more restrictive payment methods that is available is bank transfers. You can’t make any deposits via a bank transfer; only withdrawals from your Grosvenor Casino wallet can be processed via bank transfer.
Bank transfers can be the slowest of all the payment methods, taking up to five days to reach your account. This processing time will depend on the bank that you use, so always check with your financial institution for a more accurate time window.
As mentioned above, some UK Mastercards do not allow you to make casino withdrawals, so if you are using one of those to make a deposit, your withdrawals will be processed via bank transfer. You can select this option from the cashier when you wish to make a withdrawal, though keep in mind that you will be charged a £5 fee per transaction.
Overview of Payment Methods
To help make things easier, have a look at the following table of information about the various payment methods that are available. By cross-checking these factors to the information you’ve already read, you should be able to narrow the options down to the best one for you.
It’s important to keep in mind that all deposit and withdrawal time frames are business days. If you request a transaction on a Friday, for example, you will need to wait until after the weekend for your transaction to begin the process. This also applies to any bank holidays – just like you can’t visit the bank on these days, neither can transactions be processed.
|Method||Deposit Minimum||Deposit Time||Deposit Fees||Withdrawal Minimum||Withdrawal Time||Withdrawal Fees|
|PayPal||£5||24 hours||Free||£10||24 hours||Free|
|Credit Card||£5||1-3 days||Check Bank Terms||£10||1-3 days||Free|
|Visa Checkout||£5||1-3 days||Check Bank Terms||£10||1-3 days||Free|
|Debit Card||£5||1-3 days||Check Bank Terms||£10||1-3 days||Free|
|Prepaid Card||£5||1-3 days||Free||£10||1-3 days||Free|
|Bank Transfer||N/A||N/A||N/A||£10||1-5 days||£5|
As you can see, all of the various payment methods have their various advantages and disadvantages. Once you’ve considered your own status, you can easily select the best method for you, and use the service to get started playing all the slots or table and card games.
If you’re a new player to the site, you can also take advantage of the welcome bonus when you make your first deposit. When you deposit £20, you’ll receive another £20 in bonus funds to use on your favourite games, so check out the bonus terms and conditions to see if this promotion applies to you.