BACS Payment Alternative For Casinos not on Gamstop
BACS payment (short for Bankers Automated Clearing Services) is a domestic UK bank to bank transaction protocol. By this method, users can transfer and receive money from any other party in the UK within several minutes without waiting for the usual procedures linked with remittances. Recently, many UK casinos accepted this scheme, the most prominent of which is Bet Victor.
Needless to say that AML and KYC protocols are applied to all BACS transfers. However, the advantage here is that all these standards are already in place on the sender/ receiver account before the payment. This ensures quick transfers always. In addition, all financial transactions made through BAC are regulated by the UKGC, which is the strictest committee in the online gambling industry. Check UKash page here.
The main objective of launching this service is the desire of the regular banking sector to gain a higher position in the competition with wallets and cryptos by offering faster transactions with lower fees and second to none security. However, the major drawback of this protocol is that it is only existent in the UK. So, you will not be able to use it in casinos outside GamStop.
On this page, we will provide you with a detailed guide to all the perks and drawbacks of the BACS service; How to use it safely in the casinos that accept it. Also, if you prefer to play at casinos outside GamStop we will provide you with the most prominent alternative methods.
Jason Farrell`s Blog on Electraworks limited alternative casinos. Last Updated: 7 June 2023
BACS Payment Alternative For Casinos not on Gamstop
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How to Use BAC?
If you live in the UK and have an active bank account, you’re 90% set to start using BAC! Yes, that easy. You don’t have to go to the bank or even call them as the BACS payment system is baked into the internal banking system in the UK. But to make sure of this, you can go to the bank’s website and check that it integrates the BACS.
After that, you can log in to your casino account, head over to the cashier section, and check if it shows the BAC button. Take into account that several casinos refer to the “wire bank transfer” as “BACS”. So, you may contact customer care in this regard.
Now, you can use internet banking and make a transfer to the casino. In a few hours, the money will reach your casino account. Note that your BAC transactions are liable to require more time if you make the transfer out of working hours. Although this service is revolutionary in the banking business, the laws of banks still do not keep pace with wallets!
How to Withdraw With BACS Payment?
When making withdrawals, you will have to apply the same steps as above. Note that there are some conditions that you must meet, on top of which is that you must use one banking account on time. So, all withdrawals must go to the same bank account to conduct the last deposit. Also, the currency of all transactions is the Pound Sterling.
Although all BAC transactions take 24 hours at most, your cash out requests may be delayed by the casino for checks for a period of between 1 3 working days.
The most important thing to do before making your first withdrawal is to submit your documents for checking. All casinos require their players to submit a clear copy of the ID card on the front and the back. Also, they ask for an address document which can be a utility bill or a bank statement. You will only have to do this procedure once in the casino, and then your withdrawals will be much faster!
BACS Limits & Fees
Since BAC is an internal payment system and does not involve intermediaries, it has meagre fees. However, some sites may charge commissions at their own discretion, but this is highly unlikely. Therefore, we advise you always to check the fees page of the casino you play at.
As for the limits for deposits and withdrawals, they are up to the site in question, there is no decision issued by the UKGC to standardize the minimum and max transactions, it is down to each casino individually. In general, the minimum deposits start at $10, while the maximum is $5,000. However, these limits may be adjusted for high rollers, but in this case more cheking procedures will be imposed on their accounts.
Do BACS Deposits Trigger Casino Bonuses?
Yes, there is nothing to prevent claiming casino bonuses when making your deposits using the BACS method. However, sometimes casinos exclude payment options from their bonuses, such as Skrill, Neteller and crypto, because these methods are volatile and/or conduct high fees. Yet you should be prepared to use bank cards on occasion.
Don’t forget to enter the coupon code and follow any other instructions given by the casino. Indeed, you don’t want to be shocked by unpleasing surprises afterwards!
Online Protection Measures of BACS
Protection should not be in question when using BACS! This protocol depends on the secure algorithms of the British banking system. In general, there is no imagined scenario of hacking your bank account through BACS since nobody can steal the access over your internet banking and confirms the transactions on your behalf.
Theft of users’ banking accounts may be possible on the user’s end through the credit/ debit cards, but it is impossible through BACS. In general, nobody can access your bank account or withdraw money from it without your knowledge and consent.
On the casino side, all your payment and personal data is strongly secured from any external threat or malicious hack attempts. All reputed casinos have an SSL protocol in place to provide you with the highest levels of protection. Also, they employ specialized teams to counter any fraudulent activity on customer accounts and combat any fraud.
Increasing Popularity in the UK
Although Internet banking has become a regular feature in almost every country today, the story started in the United States only two decades ago! In 2001, 20% of US users adopted Internet banking services for their daily transactions. In just less than 5 years, more than 80% of users depend on the internet to conduct their payments online. At that time, wired and mobile Internet services had greatly improved.
When many commercial sectors have shifted to the internet, online banking has gained tremendous momentum. As a result, more wallets and banks have started to support the features of the internet and provide various products to serve the users. This rapid boom has helped build the credibility of virtual financial tools. They are now the most widely used in all countries of the world, including the UK. See also Klarna payment alternatives here.
Although internet banking is the mainstream and backbone of all online transactions, most users tend to use banking cards or other Wallets to make their transactions because they offer faster transactions even though they conduct higher fees.
Pros & Cons of BACS
The main advantage of the BACS system is that it is highly reliable among UK casinos and users alike. In addition, it is usable for any person who has a bank account in a British bank. This method accepts modest money transfers, does not charge high fees, and it is existent in many UK casinos.
On the other hand, the aspects of criticism are many and likely to be a dealbreaker for a large player base. In general, this method does not offer anything different from wire bank transfers. Also, it is very slow and takes up to one or two working days for you to confirm the transactions. Furthermore, it is only existent in the UK and is not likely to expand its scope at this time.
If you reside in the UK and have an active account on the GamStop Programme, you will not be able to use this method to make your deposits and withdrawals at offshore online casinos. Not only that, but you also won’t be able to make your transactions with mobilwallets and any other local transaction system. However, you can use the full range of wallets and crypto tools, along with banking cards.
What Are the BACS Alternative Payment Methods?
There are plenty of other payment methods that you can use to make deposits and withdrawals at casinos without GamStop. These methods support instant deposits, fast withdrawals. However, they charge slightly higher fees than the BACKS service. Also, they have a less strict KYC procedure allowing users to make their payments faster. All the payment solutions mentioned below offer a responsive web based platform and native apps for IOS and Android devices. Some try to grips with the marketplace by providing points schemes, VIP programmes, and other side perks. Therefore, we urge you to take a look at the following list to know which one will be suitable for you.
As the most used credit card online and offline, Visa has maintained its position for 7 decades as one of the most prominent global financial methods that suit almost every business.
The main advantage that Visa cards have over any other financial means is that they are existent in almost every online casino and sports betting site. Many kinds of bank cards bearing the Visa logo, including prepaid cards, credit cards and debit cards. You can choose the most suitable Visa product, but don’t forget to check the fees and limits imposed by your bank.
MasterCard is the biggest rival to Visa. They follow the approach of Coca Cola and Pepsi rivalry! MasterCard is the most popular method in almost all online casinos, sports betting sites, and bingo networks outside GamStop. They define themselves as “one of the most reliable and popular financial means in the world”. However, most cards bearing the Mastercard logo are credit cards and do not support withdrawals. So, if you make your deposit using a Mastercard, you will likely withdraw your winnings via bank transfer. Furthermore, ban withdrawals aren’t limited to online casinos only; Mastercard doesn’t accept any incoming remittance. Thus, if you link your Mastercard to an wallet, you can deposit funds, but you can’t cash out your winnings.
NETELLER Wallet is a well known brand in the digital payments industry. In 2005, it controlled 80 per cent of the online gambling payments; So much that it paid a tax of $300 million! Since then, the company has diversified its activities and partnered with MasterCard to offer physical and virtual prepaid cards. However, it seems that Neteller Wallet is not making as much money as it was in the past, and it exists in a few casinos outside GamStop, but it is still trendy among gamblers.
Formerly known as Money bookers, this wallet was first launched in 2011. Skrill is the most prominent rival to Neteller in the online payment service industry. At the meantime, it is the most widely used wallet in online casinos and sports betting sites. This wallet is regulated by the (FSA). So. it is one of the most secure payment options that you can use to make your deposits and withdrawals at online casinos. Reasonable fees, the handy mobile app, and the global availability are all features that Skrill enjoys. Skrill also rose to prominence in PR. It is a proud partner with many top notch brands, including but not limited to AC Millian, 888 Casino, and PokerStars.
EcoPayz Wallet was launched in 1999. It is not an E Wallet in the classical sense, but a payment gateway that provides various financial services. You can get virtual cards through a single platform, create a free account on the wallet, buy a prepaid card, and perform many other functions. This service supports seven languages, deals with 45 global currencies, and operate in more than 180 countries.
Launched in 2008, this virtual currency has become the digital treasure that everyone is looking for! BTC is the world’s first decentralized digital currency. It offers all users the freedom to conduct peer to peer transactions without any intermediaries and free of central banks oversight. You can use Bitcoin to buy goods and services online while keeping your identity completely confidential. This currency exists on many online bingo casinos sites, online stores, and service sites.
It is the second most used digital currency right after Bitcoin! During the year 2021 only, this coin made a huge boom and achieved a growth of 322.5% as its value boomed from 472.4 dollars to 4001 dollars. In addition, its value increases steadily as the days go by. Ethereum is not just a digital currency. It is a decentralized system that allows developers to build their apps on it and even create their coins to be traded within that app/game between users. Does this look complicated?! Don’t worry! you can easily buy Ethereum from any crypto portal or online digital wallet and use it to make deposits at the world’s leading gaming sites.
Although Dash is less prevalent, cheap, and obscure compared to previous coins, it has a lot of attractions. Its value is very low, and this is an excellent feature for gamblers who do not want to wager with large amounts. In addition, it is faster than Bitcoin and existent at a large number of online casinos, diverse online slots and bettings sites.
Best Non GamStop Casinos That Accept Alternatives of BACS
We know that anyone who reads our reviews, rankings, and recommendations is looking to make a decision that affects not only their money but the enjoyable gaming experience they will have. Therefore, we must take this process very seriously. Fortunately, all of our review teams know the importance of being accurate in all the reviews, ratings, and recommendations they provide here. In the following sections, we will cover the most important factors we take into account when evaluating online casinos.
First of all, we know that our readers would have liked to make their deposits via BACS, but could not and therefore the casino must offer a compelling range of alternative payment methods that all players can use freely. In addition, punters will definitely want to enjoy a variety of games and get bountiful bonuses to play for longer. We consider all these standards in our reviews. Below we have collected the top 5 casinos without GamStop, among which you can find your next favourite spot.
As you can see, this site has a prominent place in our list of the best casinos outside GamStop. From our side, we assure you it didn’t get there easily! He had to enlist a whole lot of features and perks to impress us, and it did! The casino platform has an impressive look and a usable layout that is usable on all mobile devices. So, you can grab your favorite games whenever you go and operate any of them in demo mode or with real money wagers.
The game library shows, beyond doubt, that the casino caters to all players, even the pickiest. In terms of numbers, you will find here more than 3,000 games powered by the top rating providers, including Boongo, BetSoft, NetEnt among others. Besides the digital gambling games, you will find expansive live games set coming from Leander and Ezugi.
The promos section offers a second to none collection of bonuses, promos, and rewards from which you can choose the right offer before each game session.
In addition, the casino boasts a long list of seamless payment methods. Here you can make transactions using Visa, Mastercard, wallet, and digital currencies. Want to know more info about this casino, click here.
Platinum Club VIP
Platinum Club VIP is for those who prefer all in one product! Here you will find five gambling products: Casino games, sports betting, virtual, poker games, and bingo. Although this site joined the online gambling arena recently in 2021, it managed to combine all these features in no time thanks to the pro company that stands behind it. This casino is a stand alone site, meaning that it is the only project of the operating company at the current time. The casino hosts a rich collection of games selected from best releases of the world renowned providers. In addition, the casino offers an efficient non stoppable support service that you can get in touch with through multiple avenues.
In terms of the payment options, the casino doesn’t let gambling patrons down and offer them a plethora of options. Here you can make transactions by Visa, Mastercard, and Perfect Money, among others. You can choose any banking solution without worrying about protection or secrecy, as the casino implement SSL protocol to make sure that no any third party can access your sensitive data.
Burning to know more about this site? Click here,
Slotstoto is an exclusive site for Ninja players who master the blitz, quick escape, and hit the target with precision! Started in 2021, it still has a long way to go to dominate the industry. However, it outperforms many other casinos in gaming, promos, and payment methods. The casino platform features an attractive look and user friendly layout. All newbies on this casino can claim a juicy welcome offer. If you claimed this offer with the full deposit amount, you would get a 6,000 EUR in your account, ready to wager with them on all games.
Then your decision to continue playing in the casino will not be difficult as it offers its currently registered players an excellent selection of regular offers. Also, you can benefit from the VIP scheme to get more cash but in the long term. Even before being launched, the casino has worked on establishing many successful partnerships with numerous top notch gaming providers. This strategy resulted in offering a mature gaming gallery.
The existent payment methods aren’t that many, but overall, they are up to the job. Also, the casino doesn’t conduct any extra charges over your payments. In addition, your deposits are always instant, while withdrawals take some time of between 24 – 72 hours.
Desire to learn more info? Click here for full casino review.
Launched in 2021, Tropic Slots casino is clearly one of the newest additions to the online gambling scene. However, we used to be surprised at the new brands’ perks! Delightful theme, towering cash bonuses, varied game library are basic features on Tropic Slots casino. Despite it doesn’t offer a mobile app, mobile punters are no way deprived as they can access the browser based version easily from any mobile device.
The whopping game library features +3,000 games. However, don’t be think that you’re going to get lost here as there are many filtering options. Besides the casino games, the site offers a thorough bookmaker section that shows every known sport and a handful of eSports as well.
The main incentive for potential players to join the casino is the welcome offer which has an amount of upwards of 5,295 EUR. Furthermore, all loyal players have many ongoing bonuses.
Tropic Slots accepts many payment methods from which you can choose the most suitable one. As a general industry standard and a requirement for all players, the casino doesn’t apply any fees over your transactions.
Want to learn more details? Click here to navigate to the full casino review.
If we had to shorten the Kaboom Casino overview to one sentence, we would say; “A giant casino that was born a while ago!”. Although it is quite young, it has a plethora of features and offerings. Basically, it is outside GamStop and doesn’t hold the UKGC license. The game collection here is expansive and contains all variants of each game. All new players here will have a cordial welcome with an offer of up to 3,000 EUR. Also, registered players can claim a wide range of reload bonuses, ongoing promos, and lotto contests.
At the current time, you can make your payments using Visa, Mastercard, and Perfect Money. When we question the customer care about the limited group of payment methods, they told us that the casino is working now on adding more methods. Other than this minor downside, Kaboom Casino worth your while!
BACS has customers in the tens of millions and is one of the most widely used banking methods in the UK. However, the most obvious drawback of this method is that it does not consider the demands and needs of online casino players! It requires a long time to process transactions and does not deal with casinos outside GamStop. Therefore, we advise you to use other payment methods such as bank cards, wallets and digital currencies.
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FAQ About BACS Substitutes
What Is BACS Payment?
BACS is a secure, rapid, and domestic bank transferring method that is existent only in the UK. It is has become very popular lately thanks to its multiple features including time saving. Improving cash flow management. Saving fees costs. Better payment terms. However, it has serious downsides when it comes to online casino payments as it doesn’t support fast withdrawals and isn’t on the casinos without GamStop.
What Is the BACS Limit?
The highest threshold for BACS payment £250,000. However, the payment limit is a matter down to the internal policy of the bank to reduce or increase it.
How Long Does BACS Take?
In most cases, it takes one bank working day.
What Is the Best BACS Alternative?
Obviously, the best substitute for BACKS is credit/ debit cards! As they have the same features and overcome the downsides of wire transfers.
Which Is Better BACS or Skrill?
Skrill is better in every aspect. It is existent at each online casino and betting site whether it is on GamStop or not. Guarantees seamless and rapid transactions. Applies reasonable fees on deposits and withdrawals.