Payment Methods for Online Betting
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Which are the safest payment options? Read below to see which methods bookmakers usually offer and understand to most important aspects of deciding which one to use. 

Bookmaker Rating Payment Method Payment Details Go to bookmaker
4.8/5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 8,000.00€ Instant 15.00€ No fee
Withdraw 8,000.00€ 1 Hour 15.00€ 0.00€
Register Here Bet365 Payments
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€ 1 Hour 10.00€ 0.00€
Register Here Betway Payments
4.6/5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 5,000.00€ Instant 7.00€ 1.50
Withdraw 7,000.00€ 1 Hour 1.00€ 0.00€
Register Here Betfair Payments
4.6/5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 10,000.00€ Instant 10.00€ No fee
Withdraw 10,000.00€ 1 Hour 10.00€ 0.00€
Register Here Bwin Payments
4.3/5
Recommended
PayPal PayPal
Max. limit Processing time Min. limit Transaction fee
Deposit 0.00 Instant 10.00€ No fee
Withdraw 5,000.00€ Instant 50.00€ 0.00€
Register Here bet-at-home Payments

Betting Payment Methods » The Most Reliable Deposit & Withdrawal Options In 2022  

The first thing we need to do when betting is to register with an operator and then make a deposit and fund our account and start playing. In this article, you will find the majority of payment methods offered at bookmakers, and you will also see which ones are available for withdrawal. You can also get more information out on details such as withdrawal times or fees making transactions to bookmakers. On this page, we will also cover some of the problems you may encounter when withdrawing your money and how to solve them. With that knowledge, you will be able to choose the method best suited to you.

Accepted Payment Methods - Complete list for convenient betting

The list of withdrawal and deposit methods of each bookmaker is generally quite extensive. However, it usually varies greatly from operator to operator, depending on the quality of each. Below we will list the most popular payment and withdrawal methods. You can expand the information on each payment method and see which betting sites accept it.

Credit and Debit cards

Undoubtedly, credit and debit cards are the preferred method 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 is immediate. 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 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

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.

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. 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

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.

Bank Transfer

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.

ecoPayz

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

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

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.

Trustly

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.

Bet using mobile phone credit

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.

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 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.

Bitcoin and cryptocurreny

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.

Choosing a Banking Method - Important Factors to Consider  

Most users already know which method they will use once registered with the bookmaker. However, for those who have doubts, there are some points that 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. This way, if you are in a hurry and want to have quick money in your bookmaker or wallet, it's something you should look at carefully. In general, e-wallets like PayPal are the fastest in terms of processing time, while bank transfers can take several days. You can consult our table to find out exactly how long it takes each payment method 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 make sure you do not pay any commission, which nobody wants to do at all.

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 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 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 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.

Bonuses

Some bookmakers may offer you a free bet bonus if you make a min 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 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

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.

Deposit and withdrawal limits

In all bookmakers, you will find limits for both deposits and withdrawals. All of them are based on different methods and each bookmaker can handle them at will. The maximum deposits and withdrawals limits will allow you to control how much you can deposit. In fact, most bookmakers you can find on Oddspedia will allow you to arrange your deposits by daily, weekly or monthly maximums.

Some governments also force bookmakers to impose daily, weekly and monthly deposit limits on players to protect them from gambling. However, these methods can be changed in most operators. If you are one of those who bet big, you should consider these limits because they can affect the way you play. In addition, you can inform each operator of each of the limits they have, so you can always play with complete freedom.

This is because the deposit amounts are related to responsible gambling by gamblers, hence many of the bookmakers give freedom, within a wide range for players to be able to even deposit more than 10,000 ($/£) at one time with any available payment method.

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. Usually, the payment options are considered fast and convenient since you can transact on the move. They are also secure, with most using hi-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 categorized differently. For example, there are e-wallets and SSD codes. If you opt for e-wallets, you will be required to 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 a particular code and use it 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 amazing. 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?

You will be impressed to learn that some online gambling platforms use bonuses and special offers to promote different payment methods. As a result, you may find a bookie offering free bets and match deposit bonuses if you use Skrill or PayPal to deposit money into your account. This idea has seen punters concentrate on various methods of payment and neglect others. Besides, some bookmakers only offer a sign-up bonus to new punters who make their initial deposits using distinct methods. This means you will miss out on the offer if you use secluded banking solutions. But before you can grab any bonus added to a specific payment option, you need to go through the terms and conditions.

Find out the minimum deposit required to activate the promo and whether you need a mandatory bonus code. Moreover, you must confirm the wagering requirement and the bonus expiration date. These aspects will help you determine the suitability of a bonus. If you are an expert punter, you can confirm the trend of offering bonuses to punters using specific payment methods became more prevalent when cryptocurrencies were being introduced to bookies. Operators did this because they wanted gamblers to adopt decentralized payment options.

The Safest Online Payment Methods at Bookmakers

Bookies are always keen on ensuring you only access the safest payment methods. When depositing cash in your account, you should be certain your personal and banking information will be secure, courtesy of SSL data encryption technology. However, if you scrutinize all payment options, you will realize some banking solutions are much safer. 

For example, card payment methods like VISA and MasterCard use hi-tech security systems to protect their clients. When making VISA payments, the card provider will send a code to your phone. You must confirm the code before the transaction proceeds. On the other hand, MasterCard uses fraud detection technology and secure password to protect every transaction.

Neteller is yet another safe online payment option that you can trust when initiating transactions in your bookie. The payment method uses a 2-step authentication process for transactions; no one can use your e-wallet without your knowledge. Besides the described methods, you can opt for Neteller, ecoPayz, Euteller, and PayPal if you're after utmost security. Also, to ensure security, most payment methods will require you to authenticate your information before making the first withdrawal. With such safety measures in place, you should be certain your information and money will always remain safe for as long as you want.

Frequently Asked Questions  

How do I deposit at an online sportsbook?

To make a deposit with a bookmaker you need to visit it and search the section to make a deposit. Next, you must choose the payment method you wish to use and the amount. You will then go directly to the payment gateway and there you can enter your personal 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 be having 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 of using credit cards as deposit methods in some countries.

Is my bank account information safe?

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

What is the most secure payment method at online bookmakers?

The most secure payment system at online sportsbooks is MasterCard. Apart from 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 authorize.

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 simply 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 a set of documents to certify your details, your 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 in bookmakers. However, there are some operators that already offer cryptocurrency payments, including Bitcoin.

Do you have to pay a commission when withdrawing?

You should not pay any kind of 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, if you use bank transfer you could wait almost a week to receive your money. Please note that they will ask you 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 when it comes to processing your money. Credit or debit cards are also relatively fast, even if they take a little more time.

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, this is something you should consult with your bookmaker, as in some cases they force you to withdraw your money using the same method you used at the beginning.

What is the minimum deposit on betting sites?

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

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