Why Payment Methods Are Disappearing from Online Casino Cashiers

Comparasino MD, Martyn Hannah, explains why online casino cashiers are becoming streamlined but says Pay n Play is here and will be an absolute game changer.

You might have noticed some payment options being removed from online casino cashiers with only offer a handful of options like debit cards, PayPal, Apple Pay, Google Pay and Instant Banking available. 

Previously, online casinos offered other options such as Skrill, Neteller, MuchBetter, AstroPay, Payz, paysafecard and many more. 

It was very much a case of “the more the merrier”. But now, things are a little less merry. 

So, if you’ve noticed this removal of payment options and are wondering why this has happened, allow me to explain. 

Why online casinos are cashing out

There are a several key reasons, which I cover in detail in this article for iGaming Future. But to briefly recap, it comes down to cost, usage and changing payment trends. 

Online casinos pay for the payment methods they stock in their cashiers, so the more methods they include, the bigger the bill they rack up. 

The cost of each payment option needs to be considered against how much it is used. For example, Apple Pay is expensive, but it is a big draw for players. 

So amid tightening margins, online casinos have had to reconsider their cashiers and remove options that are simply not being used enough to justify the cost. 

The way players pay is changing, too 

These shifts in usage are happening because how players like to pay is changing. 

Just like with the other purchases we make, more and more players are turning to options like Apple Pay and Google Pay for speed, convenience and security when depositing at an online casino.

Instant Banking has also changed the game, allowing you to make instant deposits and instant withdrawals directly from your bank account via your smartphone and mobile banking app. 

And for me, this is where the future of online casino payments will be. 

Instant Banking, usually provided by the likes of Trustly and TrueLayer, is the technological foundation of the next generation of online casino payments, Pay n Play. 

This is now available in the UK, but only at a small number of online casino sites. 

Pay n Play allows you to sign up to a new online casino and make a deposit, all via your bank account – in less than 60 seconds. 

It works like this. 

You arrive at the casino and tap the prompt to sign up and deposit via Instant Deposit. 

Pay n Play is available at Jackpot Village

You then select the amount you want to deposit followed by your email address, password and mobile number. Next, you select your bank and are taken to your mobile banking app where you sign in.

After that, you are automatically returned to the online casino where your account has been created and deposit made. 

I’ve done it myself and it literally takes 30 seconds from arriving at the casino to being able to play.

Better still, online casinos can also offer instant payouts with these solutions, ensuring you get your winnings in an instant – literally.

So while online casino cashiers might be getting smaller, if you ask me, they are getting better – especially as Pay n Play starts to land.