Direct Debit is the preferred method of making payments in the UK and is a great casino payment option. The majority of British employers use this payment method to pay their staff and many people use it to pay for goods and services; in fact, two-thirds of UK households pay their bills using this payment method. The reason this method is the preferred choice of many is because it offers a quick, easy and convenient way of moving funds from one account to another; many are also fond of Direct Debit because it’s how they receive their wages.
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Direct Debit was launched back in 1968; another name for it is BACS, which stands for ‘Bankers’ Automated Clearing Services’. It was established as a non-profit service by a total of 16 of Britain’s leading building societies and banks. This payment method is known for being very safe, as when you make a deposit, your funds then have to get a three-point guarantee from your bank; this guarantee acts as a cover in case anything goes wrong with your money. When using Direct Debit, you also have the option to cancel it at any time. Another advantage is that you can deposit as much money as you like as often as you like.
One of the disadvantages to this payment method is that not a lot of online casinos currently accept it. Another disadvantage is that deposits aren’t instant; this is because whenever you go to make a deposit, it goes through your bank in order for it to be authenticated and protected. While other payment methods top up your online casino account almost instantly, with Direct Debit you may have to wait for your funds to reach your account.
Overall, Direct Debit is one of the most convenient, safe and hassle-free ways of making payments at online casinos. Though it’s very popular, especially in the UK, it does have a few drawbacks and can only be used at a limited number of online casinos.