eWallet UK Casinos
This list of UK friendly electronic wallets covers the most popular brands. When you choose an e-commerce service for the sake of online gambling, you want to play the odds. That is, you don’t want to select an ewallet which just a couple of casinos allow, because this limits your options if you don’t find the site you want on the first try. The e-wallet services I’ve listed should each give you plenty of options, though I’d suggest you start an account at 2 or 3 of these businesses, just in case.
Skrill – Moneybookers
Skrill is the new name of Moneybooks, one of the biggest payment processing companies on the Internet. Moneybookers Ltd was founded in 2001 as an e-commerce business. Since then, Skrill has served as a payment processing service for online auction sites, website vendors, corporations, and online casinos. To send a payment, you’ll need to authenticate who you are, a measure electronic wallets use to limit fraud.
Skrill has over 18.5 million users worldwide. The business is currently on sale by its current owner, Investcorp Technology Partners, for 365 million pounds. Just two years before that price was announced, Investcorp bought Moneybookers for only 105 million. According to the Sunday Times, Skrill/Moneybookers is the #1 fastest growing private equity back firm in the United Kingdom–period.
When you start to send and receive payments to online casinos, you’ll notice that (seemingly) half of the electronic cash transfer services are affiliated with or owned by Moneybookers. Besides Neteller and Paypal, you won’t find anything as big as Skrill.
Neteller – Electronic Wallet for Casinos
NETELLER is the online payment service you once found at all virtual casinos. Neteller isn’t as widespread today as it was seven years ago, but it’s in a significant number of casinos operated outside of North America. Neteller is publicly traded under the Optimal Payment PLC or “OPAY” on the London Stock Exchange. Neteller is located in Douglas on the Isle of Man and has been in online banking since way back in 1996.
Your money is safe with Neteller. According to the Financial Services Authority (FSA) of the United Kingdom, Neteller is required by law to maintain customer funds in separate trust accounts. That means it’s separate from operating cash and enough money is reserved to pay off all customer balances at once, if it came to that.
NETeller is not without its detractors. The company was at one time synonymous with online gambling, as Neteller handled over 80% of all gambling merchant transactions in 2005. The co-founders of Neteller were arrested by U.S. authorities and charged with conspiring to transfer funds with the intent to promote illegal gambling in 2007. Eventually, each of the co-founders forfeited $100 million apiece and Neteller corporate forfeited $136 million in order to end their troubles with the U.S. Justice Department. Neteller left the U.S. market in that year, while revenues fell from nearly $240 million in 2006 to under $45 in 2010.
Still, Neteller remains in the European onine gambling markets, though customers in Hong Kong, Macau, Israel, and Canada won’t be able to make transfers to gambling sites. Neteller does accept money from banks, Ukash, iDeal, POLi, and Giropay.
Paypal in UK Casinos
PayPal is not a e-wallet most people associate with Internet casinos. Paypal is available for UK-casino that are publicly traded on the London Stock Exchange. The people at Paypal assume this passes muster with the fickle United States government, which takes a dim view of online gambling. These casinos can’t accept U.S. players, while I’ve heard Europeans complain about their experience with PayPal.
For Americans, PayPal is the electronic wallet business. That’s because the successful money transfer service was bought by eBay back in 2003 and became the official method of payment on the world’s biggest electronic auction giant. Since then, PayPal has become the preferred electronic wallet in many countries. PayPal has over 232,000,000 personal accounts in over 190 different countries. The revenue last year for Paypal was nearly $4.5 billion.
POLi Payments is based out of Melbourne, Australia. It’s the biggest online banking firm in Australia and is used by consumers and merchants in Australia and New Zealand. People in South Africa and the United Kingdom also use POLI a great deal. The official name of the company is Centricom Pty Ltd. The company decided in 2012 that all customers must use Microsoft Windows, though it’s compatible with all smart phones and computer tablets.
UKash Payment Solutions
UKash is owned by the Smart Voucher Ltd and is designated a ELMI or “Eletronic Money Institution” by British authorities. The Financial Services Authority out of the UK regulates UKash transactions. The company was founded in 2001 and now has over 420,000 points of purchase. U-kash is used in over 50 countries. You’ll find payment terminals for this financial services company in South Africa, Canada, Australia, South America, and across Europe.
PaySafeCard Electronic Payment
PaySafecard is based out of Vienna, Austria. The company was founded in 2000 and now has over 280,000 sales terminals throughout the world. Most people carry actual Pay-Safe-Card eVouchers. These are sold in the United Kingdom, Ireland, France, Belgium, The Netherlands, Germany, Denmark, Sweden, Norway, Poland, Spain, Portugal, Itality, Greece, Austria, the Czech Republic, Slovakia, Romania, Slovenia, Switzerland, and Cyprus. Like other electronic wallets services English online casinos, PaySafeCard is registered with the FSA.
ClickandBuy International Ltd is an e-commerce business that was found in Cologne, Germany in 1999. These days, the company you’ll sometimes see branded as “-> clickandbuy” is based in London, England. Click-and-Buy has over 13 million customers worldwide. The company handles money transactions for some of the biggest corporations in the world, including AOL, MSN, the Apple iTunes Store, McAfee, Steam, bwin, and Orange. I’ve seen this transfer service in countless online casino sites, so it gives you pretty good access to casino operators on the Internet.