Direct Debit
Of all the payment methods available in the UK, direct debit is the most widely used, with many people using it to pay for various goods and services. Most UK employers use this particular payment method to pay staff their wages; close to two-thirds of tenants and homeowners use it as a way of paying their bills. One of the reasons why this payment method is so popular is because it gives users a very quick, easy and convenient means of making payments and transfers.
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Direct Debit as a casino payment method
When it comes to using direct debit at online casinos, you’ll find that not a lot of them currently accept it as a payment method. The reason for this is simply because they prefer players using other payment methods.
If you do happen to find an online casino that accepts direct debit, when it comes to making deposits, you should be aware that direct debit transfers aren’t instant; this is because the transfers has to go through your bank before the money appears in your account. While this does seem like a disadvantage, there is some good in this: because the transfer goes through your bank, not only is your money safe, but should something go wrong, your bank should be able to cover you.
BACS, which is short for ‘Bankers’ Automated Clearing Services’, is another name for direct debit. This payment method was launched in 1968 when 16 of Britain’s top building societies and banks collaborated to create a non-profit payment service.
This payment method is recommended for those who regularly gamble at online casinos. With direct debit, you can make deposits however often you want and you can deposit as much or as little money as you wish. If you have made some sort of mistake and don’t want a transfer to go through, you should be able to cancel it.