If you are a player in the United Kingdom, unfortunately, you will not be able to Venmo a casino. Venmo is currently only available in the United States of America and is an e-wallet system that works similarly to PayPal. While this payment method may not be available to you, there are still many other reputable e-wallet systems available at the best UK casinos.
To find out more about the alternatives, you can use to Venmo and its pros and cons, be sure to carry on reading.
What is Venmo?
If you are a player in the UK, you may be asking yourself what exactly is Venmo? Venmo is an e-wallet that is owned by PayPal but is currently only available in the USA. It makes it easier to transfer money and is targeted toward small businesses and students. Currently, they have over 60 million people using their mobile app to pay and request money from friends. It is aimed more toward the social aspect of transferring money.
Are there Fees with Venmo Casino Payments?
The fees associated with Venmo vary depending on what casino you are playing at. If you are playing at a US casino, the casino may charge you a fee to use this as your payment method. Venmo may also charge players to use its service depending on the cards that you have linked to your Venmo account.
Is Venmo Safe?
Yes, Venmo is a 100% safe and secure payment method. You are always going to be sending money to a trusted user with this payment method and all transactions are protected with encryption technology.
Advantages and Disadvantages of Using Venmo
There are both advantages and disadvantages to using Venmo when making casino deposits. Players can weigh both sides up to decide whether or not this is going to be the right payment method for them.
Advantages of Using Venmo
There are many advantages to using Venmo at online casinos. Here are some of the pros that you can expect if you opt for Venmo deposits:
- Mobile-friendly – this payment can easily be used via your mobile device and through the Venmo mobile app on iOS and Android devices
- Low fees – any fees associated with using Venmo are usually very low but this can change depending on what online casino you are playing at
- Security – Venmo is a safe and secure payment method that offers encrypted transactions to keep your money safe
- Quick – Venmo deposits are very quick and will be transferred to your casino account instantly
Disadvantages of Using Venmo
- Availability – Venmo is currently only available in the USA and so it cannot be accessed by those playing at UK licensed online casinos
- Fees – while the fees using Venmo are low, there are still other payment options that are free to use
UK Alternatives to Venmo
Here at Paybyphonebillcasino, we only recommend online casinos licensed and regulated by the UK Gambling Commission. This provides our players with the safety and security that they need to have an enjoyable online gambling experience. There are a plethora of alternative payment options that you can use at UK casinos instead of Venmo. Some of the most popular options include:
PayByPhone
PayByPhone is one of the top payment methods for players at online casinos in the UK. You can use your mobile phone number with a valid UK SIM card to make deposits and this will then be added to your monthly phone bill. Players can pay this altogether. If you have a pay as you go phone, the money you deposited will instantly be deducted from your credit. It provides a secure way to transfer cash where you do not have to enter your banking details online. Players will have to choose another payment method when they want to make a withdrawal.
Debit Card
Debit card is one of the most used payment methods by players as it is convenient. Most players will already own a debit card and so can simply go right ahead and make their deposit. There is no need to create e-wallet accounts or purchase an e-voucher. All you need is your debit card to make a deposit. This payment method can also be used for withdrawals, so there is no need to choose another payment method. There may be some fees applied by your bank when using a debit card but the fees associated with this payment method are usually low.
e-Wallet
At online casinos, you will usually find at least one e-wallet payment method available. One of the most widely used e-wallet payment methods is PayPal. This allows players to make deposits through PayPal from their bank account and into their casino account. There are limited to no fees for using PayPal and players appreciate the additional security measures that it offers as you do not need to enter your bank details at the casino and risk hacking. It is also a good option when making withdrawals as it will process your withdrawal request instantly. Other commonly found e-wallets at online casinos include Skrill and Neteller.
e-Voucher
e-vouchers are unique as they can be purchased at a brick and mortar store. There is also the option to purchase them online and the most popular option available is Paysafecard. This allows players to load up their voucher and then use it to make a deposit at an online casino. It gives players more anonymity and protection as you do not have to enter banking details and there are no fees attached. When you go to make a withdrawal, you will have to use another payment method.
Author
Craig Healy is the Editor-in-Chief at Paybyphonebillcasino. He has over a decade of experience in writing and editing, with a focus on creating content that is both informative and engaging.
He is a keen researcher and devotes his time to covering everything payments. In addition to his work at Paybyphonebillcasino, He also contributes articles for other publications such as Business Insider UK and Forbes Middle East, where he shares insights about the latest developments in the payments industry around the world.
Feedback - craighealy@paybyphonebillcasino.uk
