BETTING PAYMENT METHODS » THE MOST RELIABLE DEPOSIT & WITHDRAWAL OPTIONS IN 2024

Written by Yordan Spasov |
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What sports betting payment methods can you trust? Join us as we unveil the most reliable deposit and withdrawal options at bookmakers for 2024. From credit cards to digital wallets and cryptocurrency, we explore the tools that ensure your betting journey is smooth. Get ready to elevate your betting experience with hassle-free transactions!

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Bookmaker Rating Payment Method Payment Details Go to bookmaker
5.0 /5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 0.00 Instant $10.00 No fee
Withdraw 0.00 2 Hours $10.00 $0.00
Visit Site
4.9 /5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 0.00 Instant $10.00 No fee
Withdraw 0.00 2 Hours $10.00 $0.00
Visit Site
4.8 /5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 0.00 Instant $10.00 No fee
Withdraw 0.00 2 Hours $10.00 $0.00
Visit Site
4.8 /5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 0.00 Instant $10.00 No fee
Withdraw 0.00 2 Hours $10.00 $0.00
Visit Site
4.8 /5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit $15,000.00 Instant $5.00 No fee
Withdraw $25,000.00 2 Hours $20.00 $0.00
Visit Site

There are two pivotal first steps when starting your sports betting journey.

  1. Registering with a betting operator
  2. Funding your new account through deposits

This article provides a comprehensive guide to the payment methods available at bookmakers, shedding light on deposit and withdrawal options. Let us delve into the intricate details, including withdrawal times and potential transaction fees associated with these methods. You can also gain insights into addressing potential issues during withdrawal and exploring practical solutions.

With this knowledge, you can select the payment method that aligns with your preferences and needs.

Accepted Payment Methods - Complete List for Convenient Betting

When it comes to sports betting, having convenient payment methods is essential. Each payment method has its unique advantages. Let's explore payment methods that you can use to make your betting experience smooth and hassle-free, whether you prefer using traditional options like debit cards or bank transfers. Or modern alternatives like Apple Pay or cryptocurrencies. Understanding your choices makes it easier to fund your bets and enjoy the excitement of sports betting.

Credit and Debit cards

Credit and debit cards are the preferred payment and withdrawal methods for the general public. Most online betting sites accept Visa and Mastercard, and some can even accept Maestro. They give you excellent reliability, although the withdrawal times are generally longer than electronic wallets. American Express is another card that many online bookmakers accept. The best thing about credit card payments is that any operator accepts them and are immediate at the time of deposit. In addition, you will have no commissions during payments. 

PayPal

PayPal is the most well-known and accepted e-wallet in the world. Online bookmakers are aware of this; therefore, it is always a method accepted by most betting sites. The good thing is that it is an instant payment method, and if you also choose it to make your withdrawals, you should know that it is also the fastest.

In addition, PayPal is a very easy-to-use payment method, and creating an account is very simple. You will have no problem if you decide to play using this payment method.

Neteller

Neteller is another e-wallet, similar to PayPal and Skrill, and a gambler's favourite. Online betting payment and withdrawal times are also very short, with no commissions. So, it is one of the most recommended methods for all players. Generally, they will ask you to deposit a minimum of €10, but this is usually not a problem.

Skrill

With Skrill, you can't go wrong when you decide to use it to deposit and withdraw. It's another of the most widely used e-wallets. It would be best to look because some welcome bonuses are incompatible with your Skrill deposit or do not allow you to access specific promotions.

Paysafecard

Paysafecard is also very popular. It consists of a prepaid card that can be obtained from various tobacconists, bars or shops. You can put a minimum of €10 on the card and use it for betting. It is also one of the fastest and most convenient payment methods for online betting.

Bank Transfer

Here, we make a bank transfer from our bank to the bookmaker. Online banking offers us many services and comfort when depositing our money. However, the process is a little slower, and it will take longer for our money to reach the bookmaker.

ecoPayz

EcoPayz is also an online account for secure transactions, similar to PayPal. Although this payment method is much less widespread, it is still good to consider. It has no commissions, and opening an account takes a few minutes. Without a doubt, EcoPayz is an excellent option.

Apple Pay

Apple Pay is one of the most popular and widely used payment methods in the online betting scene. The online banking option has been operational since 2014 and has proven convenient. As a standalone app, Apple Pay does not have deposit limits. However, when using it to deposit cash in a sportsbook, the operator will determine the minimum and maximum amount you can transfer.

Note that Apple Pay does not accept withdrawals from betting sites. In the event of withdrawals, you will be forced to use a different payment method. Nonetheless, the option processes payments instantly, making it the ideal choice for depositing cash in your account.

Google Pay

Google Pay is a reasonably new payment option. Different sportsbooks offer this method due to its safety. Using Google Pay, you can deposit money and withdraw cash from your sportsbook account at no cost. Deposit and withdrawal limits depend on the bookie you are using. As a result, make sure you confirm with the operator before proceeding. What will excite you about Google Play is that it guarantees instant deposits, whereas withdrawals take up to 15 minutes.

Trustly

Since its founding in 2008, Trustly has proven to be one of the most reliable payment methods for punters worldwide. The reliability of the payment option has seen the number of Trustly bookmakers increase significantly over the past few years. Using Trustly, you can deposit money to your sportsbook account instantly and at no cost. Moreover, the payment option allows cash withdrawals, which take between 1 and 2 days before they reflect in your e-wallet. Lastly, Trustly's secure encryption system protects your money and information.

Bet using mobile phone credit

One of the most trending topics in online gambling is betting using phone credit. First, top up your phone before transferring the credit to your sportsbook account. However, not all bookies accept this payment method. Ensure you confirm before considering betting using your phone credit. Telecommunication companies supporting this betting form include Three, Tesco, O2, and Vodafone.

Other eWallets

Apart from the e-wallets described above, you can use other digital payment methods to transact online. For instance, bookies offer options like Giropay, Euteller, Klarna, and Qiwi. Some bookmakers also provide access to Interac, an established e-wallet that primarily operates in Canada. These payment methods offer different deposit and withdrawal limits. They also process transactions at various speeds. However, they are all safe, with most using SSL data encryption technology to protect client information. But before using any payment options to deposit and withdraw money from your account, you must complete account verification steps.

Bitcoin and cryptocurrency

It may be one of the most used betting payment methods. Still, at the moment, only popular online bookmakers already accept the most popular cryptocurrencies like Bitcoin.

Choosing a Banking Method - Important Factors to Consider  

Most users already know which method to use once registered with the bookmaker. However, for those who have doubts, some points need to be taken into account, such as the time or commission they may charge. See the full list:

Transaction Time

 Payment and withdrawal times vary greatly depending on the method you wish to use. You should look at it carefully if you are in a hurry and want quick money in your bookmaker or wallet. In general, e-wallets like PayPal are the fastest in processing time, while bank transfers can take several days. You can consult our table to find exactly how long each payment method takes to process transactions.

Fees

Some payment methods may charge you a fee during transactions. However, we must say that this is an unusual practice and that, in general, all your transactions will be free of charge, and you should not lose money on the road. However, always ensure you do not pay any commission, which nobody wants to do.

Privacy

When you talk about money, you have to talk about privacy. If you play with AAMS-approved bookmakers, you won't have any problems, as the data is stored in secure environments. However, make sure you also choose secure payment options and withdrawal methods. You should also ensure that your connection is secure and that you are not using a public WIFI network where your data may be at risk.

Security

When you enter your bank or card data on any Internet platform, you must ensure the environment is completely safe. If you use a licensed betting site, you will know that the environment and payment platforms are secure when you enter your e-wallet, bank card or bank account details.

In addition, you must also make sure that you operate in a safe environment. Knowing that your Internet connection is secure and you are not on a public network is essential. In most cases, when data theft occurs, this is due to this point.

Bonuses

Some bookmakers may offer a free bet bonus if you make a minimum deposit using a specific payment method. However, access to promotions is sometimes denied due to the deposit method - always check T&Cs. For example, if you deposit with Apple Pay, Neteller or Skrill, some bookmakers prevent you from getting specific promotions such as improved odds. If you want to bring this type of promotion, make sure before you can get these bonuses with the payment method you make. 

Availability

Availability in the country is an essential aspect to consider when choosing a banking method. As you may have noticed, payment methods only operate within select jurisdictions. The only difference is that online banking options like PayPal have comprehensive coverage. Therefore, you will likely access the payment method in multiple continents like Africa, Europe, and North America. On the other hand, Interac is only limited to Canada. If a payment method is not offered in your Jurisdiction, it will be impossible to use it to process your deposits or withdrawals. Sometimes, you may not find it on the list of payment methods.

Deposit And Withdrawal Limits

Understanding deposit and withdrawal limits is pivotal in the bookmakers' world. These limits, tailored to different methods, are at the discretion of each bookmaker. This guide on Oddspedia unveils how maximum deposit and withdrawal limits empower you to regulate your financial transactions, giving you ultimate control over your betting experience.

Discover the flexibility most bookmakers offer on Oddspedia. This strategic approach lets you organise your deposits based on daily, weekly, or monthly maximums, aligning with your betting preferences and financial goals.

Governments may impose daily, weekly, and monthly deposit limits on bookmakers to protect players from excessive gambling. It's worth noting that operators often adjust these limits, providing flexibility. Understanding and considering these limits is crucial for those who engage in substantial bets, as they can significantly influence your gaming strategy.

Empower yourself by staying informed about each operator's deposit and withdrawal limits. Your ability to play with complete freedom is paramount, and by communicating with each operator about their specific limits, you ensure a betting experience that aligns with your preferences.

Many bookmakers recognise the correlation between deposit amounts and responsible gambling and acknowledge the importance of player autonomy. This is reflected in the freedom, within a broad range, granted to players for depositing more than 10,000 ($/£) at once using any available payment method. Stay informed, stay in control, and enjoy a betting experience that suits your individual preferences and responsible gaming principles.

How To Withdraw Your Winnings

Everything You Need To Know In 5 Easy Steps!

How To Withdraw Your Winnings
Go To Your Bookmaker

Log in to your betting account at the bookmaker.

Open The Cashier Page

Find then go to the cashier/withdrawal page.

Choose Your Withdrawal Method

Select your preferred *withdrawal method. *With most bookmakers, you need to set a payment method in the registration process, this is then used for both deposits and withdrawals.

Enter Your Withdrawal Amount

Enter the total amount of funds that you wish to withdraw from your account and click on the withdraw button. *Check your balance first, to ensure you have the funds to cover the withdrawal.

Confirm Receipt

Go to your chosen withdrawal method to confirm the receipt of funds. The time it takes the funds to be credited differs between payment methods - maybe a few hours or 7 days.*The bookmaker will also have a processing time that may take up to 3 days.

Mobile Payment Methods

Mobile payment methods have been around for years and are currently among the trending forms for depositing and withdrawing money in bookies. They are usually fast and convenient since you can transact on the move. They are also secure, with most using high-tech encryption systems to protect player information. 

But before you think about using any form of mobile banking options, you should know the selections are categorised differently. For example, there are e-wallets and SSD codes. If you opt for e-wallets, you must have an account with your chosen e-wallet before you can transact on a bookie. However, when using an SSD code, you need to dial and utilise a particular code to fund your online account.

The SSD code may vary depending on your subscriber. Furthermore, the code you use will determine the deposit and withdrawal limits. Another crucial detail is that some payment methods allow punters to deposit cryptocurrency. Therefore, you can deposit and withdraw Bitcoin, Ethereum, and Litecoin in your account. Remember, you are not limited to particular payment options, making the entire experience unforgettable. But like any other form of payment option, you must make sure you verify your account. Other mobile payment systems may even require you to confirm your details before making the first withdrawal from the sportsbooks.

Are There Bonuses for Using Specific Payment Methods While Betting?

It may pique your interest to know that various online gambling platforms cleverly use incentives, bonuses, and special promotions to encourage particular payment methods. As an illustration, a bookie may offer enticing free bets or match deposit bonuses if you opt to deposit into your account using payment gateways like Skrill or PayPal.

Recently, this strategy has steered bettors towards focusing on specific payment methods while concurrently paying less attention to others. Structurally, certain bookmakers provide a welcome bonus exclusively to first-time punters who deposit through designated transaction methods. Consequently, it’s important to note that you might miss out on such introductory offers if you use other alternative banking solutions.

However, carefully scrutinise the relevant terms and conditions before claiming a bonus tied to a particular payment method. Consider gathering all pertinent information, like the minimum deposit required to activate the promo, any need for a specific bonus code, the intricacies of the wagering requirement, and the bonus expiration date. These factors are key to assessing a bonus's suitability and genuine value.

Of particular note, offering bonuses to punters using certain payment methods took off with the birth of cryptocurrencies in the betting industry. Operators orchestrated this strategic move to drive gamblers towards embracing decentralised payment options.

Ensuring Payment Security When Betting Online

When engaging in online betting, selecting the safest payment methods is crucial to safeguard your personal and financial information. While most bookmakers implement robust security measures to protect their customers, specific payment options offer enhanced security features. Here's a closer look at some of the most secure online payment methods for betting:

Card Payment Methods: Visa and MasterCard are widely accepted payment methods by bookmakers and are known for their high-tech security systems. Visa's One-Time Password (OTP) authentication process requires you to enter a unique code sent to your phone before completing a transaction, adding an extra layer of protection. On the other hand, MasterCard employs fraud detection technology and secure passwords to safeguard every transaction.

E-Wallets: E-wallets like Neteller, PayPal, and ecoPayz provide an additional layer of security by acting as an intermediary between your bank and the bookmaker. They often utilise two-factor authentication (2FA), requiring you to enter a combination of your password and a code sent to your phone or email to authorise transactions. This significantly reduces the risk of unauthorised access to your funds.

Prepaid Cards: Prepaid cards offer a convenient and secure way to deposit money into your betting account without revealing your bank details to the bookmaker. They are often linked to a specific amount, preventing overspending. Additionally, prepaid cards are not directly linked to your bank account, reducing the risk of identity theft or unauthorised transactions.

Cryptocurrencies: While cryptocurrencies like Bitcoin and Ethereum are not as widely accepted as traditional payment methods, they offer enhanced security due to their decentralised nature. Cryptocurrencies operate on a distributed ledger technology known as blockchain, which tracks transactions across a network of computers, making it very difficult to hack or manipulate.

Additional Security Measures

To further enhance your betting experience, bookmakers employ various security measures, including:

SSL EncryptionMost betting sites utilise SSL (Secure Sockets Layer) encryption technology to protect sensitive data transmitted between your device and the bookmaker's server.
FirewallsFirewalls are software programs that create a barrier between your computer and the internet, blocking unauthorised access and preventing cyberattacks.
Fraud Detection SystemsBookmakers employ sophisticated fraud detection systems to identify and prevent suspicious transactions, protecting their customers and businesses.

By selecting a secure payment method and ensuring your device is malware-free, you can minimise the risk of fraudulent activity when betting online. By following these guidelines, you can confidently enjoy the thrill of betting while safeguarding your personal and financial information.

Frequently Asked Questions  

How do I deposit at an online sportsbook?

To deposit with a bookmaker, you need to visit it and search the section to make a deposit. Next, you must choose the payment method and amount you wish to use. You will then go directly to the payment gateway, where you can enter your details to complete the transaction.

What is the best payment method for online betting?

The best payment method for online betting is VISA. It is fast and secure, with the best deposit and withdrawal limits. Furthermore, VISA operates in many countries, and you can deposit your money directly to your bank.

Why can't I deposit with my credit card?

You might have problems depositing money in your sportsbook account because your bank account has insufficient funds. Also, you may not have verified your information, a mandatory step that all punters must take. Another possible reason is the restriction on using credit cards as deposit methods in some countries.

Is my bank account information safe?

Yes, your bank account information is safe regardless of your payment method. That is because the banking option uses SSL data encryption technology, which masks your banking information, making it inaccessible to unauthorised personnel.

What is the most secure payment method at online bookmakers?

The most secure payment system for online sportsbooks is MasterCard. Besides having fraud detection technology, MasterCard requires you to provide a security password when making payments. Lastly, MasterCard guarantees zero liability, so you will not be liable for transactions you did not authorise.

What is the best way to make big deposits?

Apple Pay is the best way to make big deposits. After all, the payment method does not have deposit limits. As a result, your deposit limits will depend on the online betting site you are using.

Can I make a deposit via my smartphone?

Yes, you can deposit money into your account using a smartphone. You can choose to top up using a credit card or use an SSD code to deposit money in your account. Smartphones offer instant deposits at no cost.

How to withdraw money from a bookmaker?

To withdraw money from a bookmaker, go to the main menu and click on withdraw my money. Choose the withdrawal method you want and withdraw money from the bookmaker. In most cases, they may ask you for documents to certify your details, age or address. Once all this information is completed, your money will arrive in your account.

Can I use Bitcoin for online betting?

Bitcoin is not a widely used payment method by bookmakers. However, some operators already offer cryptocurrency payments, including Bitcoin.

Do you have to pay a commission when withdrawing?

You should not pay any commission when you withdraw money from a bookmaker. Everyone publishes the commissions they charge according to the chosen collection method. However, we can already tell you that they usually do not charge any commission. This is good news for all players.

How long do betting sites take to pay?

It depends on the payment method chosen. Electronic wallets like PayPal take a few days to receive money, probably 1 or 2 days. However, using a bank transfer, you could wait almost a week to receive your money. They will ask for proof of age and identity to receive your money.

What is the fastest payment method to use?

The fastest payment methods are electronic wallets or e-wallets. In this group, we can include PayPal, Neteller or Skrill. These three methods are always the fastest for processing your money. Credit or debit cards are also relatively fast, even if they take longer.

Does the payment method have to be the same as the one I withdraw?

Not always. Many bookmakers can withdraw your money using a different method from the one you deposited. However, you should consult with your bookmaker; sometimes, they force you to withdraw your money using the method you initially used.

What is the minimum deposit on betting sites?

Generally, the minimum deposit you must make at a bookmaker is €5. However, depending on the operator, this minimum deposit can reach €10. You must check with each operator to know exactly what this money is.

Yordan Spasov
Gambling Guru
Yordan is a lifelong sports fan and betting expert with more than 10 years of experience in the industry. He covers all aspects of iGaming and will help you find the best bets due to his unique insights and analysis. Enjoys night-long betting sessions, highly passionate about eSports and Basketball.
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