The Go-to Payment Option for Slots: Phone Deposits vs e-Wallets?
Can’t decide between phone deposits and e-wallets when playing slots? Our KingCasinoBonus.uk team will help you make up your mind with expert insights. Find out which one best fits your preferences!
- Frequently Used Deposit Options for Slot Games
- e-Wallets: Instant Deposits so You can Play Slots Immediately
- Phone Deposit: Charge Your Next Deposit to Your Phone Bill
- Pay by Phone and e-Wallets Side-by-Side
- Which One Takes The Lead – Pay by Phone or e-Wallets?
Frequently Used Deposit Options for Slot Games
You’ll find plenty of deposit options at UK betting sites that host a wide range of slots. Some of the trusted banking options include PayPal, Skrill, Paysafecard, Neteller, debit cards, and even bank transfers.
Among these payment facilities, phone deposits and e-wallets are the most widely used. Let’s take a closer look at the top e-wallets to use and phone deposit options, covering their features, standard processing times, and fees.
e-Wallets: Instant Deposits so You can Play Slots Immediately
E-wallets or digital wallets are secure digital tools that offer a convenient way to top up your casino account and request your winnings. They’re popular because of the free registration and the security and convenience they offer in casino payments.
Most UK slot sites allow a minimum deposit of £5, with no transaction fees. What’s great about using e-wallets is their fast processing times. Your funds will usually instantly reach your balance and can be used to play your desired games.
The same process and features apply to withdrawals with e-wallets, allowing you to get your winnings within the day. Furthermore, you can usually use them to claim exclusive bonuses for an enhanced experience.
While traditionally, there are no fees for deposits and withdrawals, transferring your money to your bank or debit card is subject to a transaction fee. Also, if you’re playing in a different currency, e-wallets also charge a currency exchange rate.
How to Deposit to Your Slot Site with e-Wallets
- Using an e-wallet for gaming platform payments is easy.
- If you already have an e-wallet account, you can simply select it from the payment options offered by the casino.
- For example, you can choose Skrill, PayPal or Neteller from its list and indicate the amount to deposit.
- Complete the transaction by pressing the finish button.
- Start playing your favourite online slots.
Phone Deposit: Charge Your Next Deposit to Your Phone Bill
Another quick and secure way to fund your top UK casino accounts is to deposit by phone. Pay by Phone, like Boku, lets you charge your casino deposits with your monthly mobile phone bill.
Traditionally, deposits by phone service providers don’t charge fees, but sometimes betting sites do (at 2.5% on average). Some casinos cap the deposit at £30, which may not work for experienced players or high rollers.
How to Fund Your Slot Account with Your Phone
What’s great about the pay by mobile service is that UK gamblers don’t need to set up a separate account.
- All you need are your mobile phone number and verified casino account.
- When you select phone deposit, you’ll be prompted to provide your mobile phone number and the amount to deposit.
- Once done, your funds are ready, and you can wager on your favourite slots.
- The payment will be made on your next phone bill.
Pay by Phone and e-Wallets Side-by-Side
Sometimes, the choice of your mobile payment method in an online gaming platform can be the difference between a forgettable and an exciting gambling experience.
Here’s a comparison of the features of these two popular payment services for gambling purposes:
|Feature||Pay by Phone||e-Wallets|
|Deposit speed||Instant to a few minutes||Instant to a few minutes|
|Withdrawal ability||Not available||Yes|
|Fees||Free, but some UK operators charge up to 2.5%||Free, but users pay for currency exchange and transferring funds to debit cards and bank accounts|
|Bonus qualifications||Work for most welcome bonuses||Some casinos restrict the use of e-wallets like Skrill and Neteller in qualifying for promotion claiming|
|Available security features||Yes, through OTP, SMS validation||Yes, through Two-Factor Authentication, in addition to the e-wallet providers’ Know Your Customer procedure|
|Acceptance||Limited acceptance in UK casinos||Widely accepted, with several providers to choose from|
If you’re interested in quick payouts as well, our experts wrote an extensive guide on how to redeem your casino balance in under 1 hour. Furthermore, you can find our ranking of the fastest withdrawal operators so you can easily find a suitable website.
Which One Takes The Lead – Pay by Phone or e-Wallets?
Both digital wallets and pay by mobile service can work very well for topping up your real money accounts. We’re happy to say that both banking options boast almost instant deposits and protect your funds. They allow you to immediately start browsing the website and play your preferred slot titles.
However, the similarities between the two end here, as your digital wallet boasts more features and capabilities.
Our Top Reasons Why e-Wallets are Best for Slot Site Deposits
Also, another primary difference between the two is that players can use their digital wallets to request a payout, a service that’s not available with pay by mobile device. And making it even better is the fact that your payout is credited to your mobile account in minutes up to 24 hours.
Finally, our in-house experts see digital wallets as a better payment option over paying by phone or even bank since they also give you an opportunity to collect bespoke mobile bonuses for slot machines or join slot tourneys or contests.