Sports betting payment methods

Here is a listing of online sportsbooks separated by payment methods, with corresponding symbols to the right signifying whether the method in question can be used for deposits, withdrawals or both.

Currently the most popular and commonly found payment option with the best online sports betting sites is to use a credit or debit card issued by Visa or Mastercard. These offer near-instant deposits into your player account, and also usually allow you to withdraw cashable funds back with typically no more than a three to five day processing time involved. Visa and Mastercard also operate exceptional security measures so easily tick the boxes of being quick and reliable ways to securely manage a player account.

E-Wallets have become very popular over the past couple of decades. Users can open an eWallet account and deposit funds into it using a variety of methods such as credit/debit cards or online bank deposits. Once the eWallet account is funded, users are able to process payments to businesses like online sportsbooks.

There are several eWallets to choose from but if you are planning to use one for the purpose of depositing and withdrawing from a bookie then you need to select the right one. Entropay, Neteller, Skrill, and Paysafecard are among the most widely accepted eWallets among internet bookmakers around the world.

Webmoney and InstaDebit are good alternatives, too. To give you an idea, lists 97 recommended sportsbooks for UK punters. Of these 97 bookies, 77 accept Skrill, 67 accept Neteller, and 44 accept Paysafecard.

Although credit cards and debit cards are by far the most common payment methods used by punters, prepaid cards have started to grow in popularity. You can now purchase prepaid cards from Mastercard or Visa and simply top up the card and then use it to deposit funds to your online betting account. Another popular prepaid card is the Paysafecard, and you can purchase a Paysafecard in retail outlets around the UK. Paysafecards can be bought for £10, £25, £50 or £100. Once you’ve bought a voucher, simply log in to your betting account, enter the PIN and deposit the value of your Paysafecard into your account.

These methods are not used as much as other payment methods but they are still used a lot. Punters generally perform these transactions by going to a physical location such as a bank or wire service company. In most cases of a bank transfer, the customer gives a teller/ agent the money that is to be wired.

The sender provides some basic information such as the amount being sent, the sender’s name, and the receiver’s name. The sender is provided with a receipt and code which is relayed to the receiver. The funds are then made available to the receiver who goes to a physical bank/wire service location to collect the cash.

Many betting sites accept these payment methods. In general, punters can deposit and withdraw larger sums of money than other payment methods allow. wire transfer services also provides a bit of anonymity and doesn’t require private financial information to be sent over the internet.

  • How long do betting withdrawals take?

    Card withdrawals are typically processed within 2 to 5 days. This is a standard practice for most banks, and is out of our control.

    Withdrawals to eWallets are instant once processed. Occasionally, eWallet providers may apply a short processing time at their end before your funds appear in your online wallet.

  • What is the fastest payment method to use on betting sites?

    In general, eWallets remain the fastest method of withdrawing from bookies because the processing takes a very short time. Using eWallet like Skrill, Paypal and Neteller, withdrawal takes less than 24 hours. Debit and credit card withdrawal is the second fastest method

  • Do online betting sites charge fees for deposits and withdrawals?

    The vast majority of online betting sites in the UK do not charge fees for depositing or withdrawing cash. However, some fees may be applied by your financial institution depending on the payment method you use. For example, bank transfers between different countries or currencies can incur fees, while Western Union also charge customers that use that service. Credit/debit cards and E-Wallets are usually exempt from fees so they are the most cost effective payment methods.

  • What is the most secure payment method?

    If it is a reputable betting site that you are using, then any payment method they offer should be reliable. If they are licensed in the EU then you can be sure that they encrypt your information through advanced security programs.

  • Which UK online betting sites accept PayPal?

    PayPal is one of the most convenient and secure payment methods for online betting sites. Loads of UK bookmakers now accept deposits and authorise withdrawals via PayPal. Some of the biggest names that accept payments via PayPal include the likes of BetVictor, William Hill, Paddy Power and Coral. So, if you are dead set on using PayPal as your primary payment method, those online betting sites are a good starting point.