Betting Payment Methods » The Most Reliable Deposit & Withdrawal Options In 2023

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

PayPal is the most well-known and accepted e-wallet in the world. Online bookmakers are aware of this and therefore it is always a method accepted by the vast majority of betting sites. The good thing is that it is an absolutely 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. Without a doubt, you will have no problem if you decide to play using this payment method.

Neteller is another e-wallet, very similar to PayPal and Skrill, and a gambler's favourite. Online betting payment and withdrawal times are also very short and there are 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.

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. You just need to have a look because some welcome bonuses are not compatible with your Skrill deposit or do not allow you to access certain promotions.

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

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

It is also an online account for secure online transactions, somewhat similar to PayPal. This payment method is much less widespread, but it is still good to consider. It has no commissions and the opening of an account takes a few minutes. Without a doubt, ecoPayz is a good option to consider.

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 to be 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 is a fairly new payment option. Different sportsbooks offer this method of payment 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 are dependent 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.

Since its founding in 2008, Trustly has proven to be one of the most reliable payment methods for punters across the globe. 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 uses a secure encryption system to protect your money and information.

One of the most trending topics in the online gambling scene is betting using phone credit. First, you need to 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 that support this form of betting include Three, Tesco, O2, and Vodafone.

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 mostly operates in Canada. These payment methods offer different deposit and withdrawal limits. They also process transactions at different speeds. However, they are all safe, with most using SSL data encryption technology to protect client information. But before you can use any payment options to deposit and withdraw money from your account, you must complete account verification steps.

Maybe in the future, it will be one of the most used betting payment methods, but at the moment only popular online bookmakers already accept the most popular cryptocurrencies like Bitcoin.

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 make sure you do not pay any commission, which nobody wants to do at all.

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

When you enter your bank or card data on any Internet platform, you need to make sure that the environment is completely safe. If you use a licensed betting site you will know that the environment is safe, as well as the payment platforms, when you enter your e-wallet, bank card or bank account details.

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

Some bookmakers may offer you a free bet bonus if you make a minimum deposit using a certain payment method. However, sometimes we are not able to access promotions if we make our deposit using a certain method where the T&Cs apply. For example, if you make your deposit with Apple Pay, Neteller or Skrill, some bookmakers prevent you from getting certain promotions such as improved odds. If you want to get this type of promotion, make sure before you can get these bonuses with the payment method you make. 

Availability in the country is a very important 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 wide coverage. Therefore, you are likely to 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. In some instances, you may not find it on the list of payment methods.