Casino players earn a payment method bonus by depositing or withdrawing funds in and out of their account in a specified manner. UK casino sites accept a wide range of deposit and withdrawal methods, from debit and credit cards to bank transfers, eWallets to prepaid cards. Often they decide to promote one and offer bonus funds to players who use that method.
Casino bonuses work similar to cash in your player account, but you can’t usually withdraw the money right away. It funds spins on slots games or stakes in table games, just as your cash balance does. In order to withdraw bonus funds, you usually have to play through the amounts a number of times. This is known as a wagering requirement.
However, sometimes these bonuses come in cash form, which is free from wagering requirements. Find out everything you need to know about a casino payment method bonus on this page.
What is a Payment Method at a Casino?
A casino payment method is literally the way in which you put money into your player account to fund your games. Each casino has a different selection of accepted methods, some of which are more varied than others.
There are advantages and disadvantages to each method and each individual casino player comes to know which they are most comfortable using. Many players like to use their debit card, but others don’t like to reveal the details of that payment method to casinos. They might prefer to use an eWallet such as Skrill or Neteller, where there is a barrier between the punter’s personal banking information and the casino itself. However, many players who use eWallets find they are not eligible for welcome bonuses.
When it comes to withdrawals, eWallets update almost instantly, whereas it can take a few days to process a payment to a debit card. However, using a payment card is a more direct way of making deposits. Your favoured payment method depends on your circumstances and needs.
Take a look at the Casino Deposit Methods page to find out more about funding your account.
How to Find a Casino Payment Method Bonus
Most casinos list their current bonuses and promotions on a particular page. It is usually marked ‘Promotions’ and is a one-stop shop for all of their offers. It tends to provide detail of the casino’s welcome bonus and other special deals, such as free spins, no-deposit bonuses, and competitions and prize draws.
If a UK casino site has a payment method bonus on offer, it will be listed here. You can also find out about such exciting promotions on the SpinCazino.com News page and in the individual online casino reviews. However, you should still check individual casino sites in case they have recently put up a payment method bonus. It’s great to get in early on such a deal.
If it is something the casino is really looking to push, they usually splash the details on their homepage to capture the attention of the largest amount of people possible. You often then have to click through to accept the bonus and deposit using the selected method.
Examples of Payment Method Bonus
Royal Panda ran an offer in which players earned £5 in cash every day that they withdraw funds using Trustly, an eWallet. The idea was to get people to try this method of depositing and withdrawing direct from and to their bank account. The £5 was free from wagering requirements and all players needed to do was take £10 from their casino account.
Other payment method bonuses might include an extra injection of cash for using certain eWallets, or even 50 free spins on a selected game using the preferred method of that casino.
Why do Casinos Offer Payment Method Bonuses?
There is usually a reason for a casino promoting a preferred payment method. It could be that, if it is an eWallet, it cuts the need for going through the red tape that comes with making bank transfers. Dealing with banks is a regulatory nightmare and there are fees for both casino and punter.
eWallets are slick and clean, but many people avoid them because they don’t allow you to pick up many welcome bonuses. Having a payment method bonus moves card payers onto eWallets once the welcome bonus is done and dusted.
It could be a cynical ploy to make people deposit more than they might have planned. If you deposited £10 on your debit card and then saw there was a payment method bonus too, you might inject another £10. The casino has then doubled their potential profit. Of course, you may well win big with the extra £10, leaving the online casino site out of pocket.
Finally, it could be that the casino and payment method have teamed up for a mutually beneficial arrangement. The casino brings more custom to the eWallet and hopefully receives more custom itself thanks to a tempting offer. It could be a commercial arrangement between the two parties.
Other Casino Bonuses
Find out more about other casino bonuses at the dedicated page.