Deposit Methods At Bookmakers & Casinos
Reputable online bookmakers and casinos will generally accept a wide variety of payment methods to make your deposits, and on this page we’re going to take a look at some of the most popular and common payment methods you’ll find when betting online.
This list is by no means exhaustive, but it does cover the main deposit methods you’re going to find online, and we’ll begin by taking a look at one of the most common ways of funding your online betting account; credit and debit cards.
Credit and Debit cards are accepted at almost all betting sites, and they’re the most common way of depositing funds into online betting accounts. One of the major benefits of debit and credit cards is that it’s incredibly easy to add funds using them, and all deposits are – generally speaking – instant, meaning the funds are credited to your account within a matter of seconds.
In order to make a deposit using a debit or credit card, you just need to enter the long 16-digit card number on the deposit page, along with the name on the card, and the expiry date. You will then need to enter the 3-digit CVV number on the back of the card.
Once you’ve done so, the transaction will begin to process, and once you see the confirmation message appear on your screen, the funds will be instantly credited to your account!
EWallets have become one of the most popular ways to manage transactions when betting online, and their simplicity, their ease-of-use, and their availability have made them particularly useful in jurisdictions where banks and other financial institutions may frown upon gambling transactions being carried out on debit and credit cards. Below, we look at a few of the major EWallets you’ll be able to use at online bookmaker sites:
Neteller is one of the world’s oldest and most well-known EWallet companies, and it was founded all the way back in 1999. Based in the Isle of Man, Neteller is known for being a great choice for online gambling, as it’s free to use, payments are made instantly, and the Neteller team are quick to respond to any questions or queries.
Like Neteller, Skrill is another hugely popular method of making online gambling payments, and this EWallet giant was originally called ‘Moneybookers’. After a business decision, the company was renamed to Skrill, and it’s now offered at almost all online gambling sites on the planet. That’s not an over exaggeration either; it really is used at virtually every online bookmaker and casino around!
PayPal is the best-known EWallet in this section – and while it’s also one of the most efficient, unfortunately, it’s not available at as many online betting sites as Skrill and Neteller. This is because PayPal are very strict on who they work with, and it’s generally only the major bookmakers where you’ll find yourself able to deposit and withdraw using PayPal. Still, when it’s an option, it’s a great choice, as payments are instant, it’s free to use, and it’s also incredibly secure.
Prepaid cards and vouchers are another popular way of funding online betting accounts, and they allow you to preload your funds. Prepaid cards are just like regular debit and credit cards, but you preload the funds onto the cards first. Similarly, you buy vouchers for the amount you wish to deposit. Below, we look at two of the most popular forms of prepaid cards and vouchers.
Entropay is a prepaid virtual VISA debit card that is accepted at a wide variety of online betting websites, and it can be used at almost all online betting sites that accept VISA card payments. It works just like a regular debit card, with the exception that it doesn’t offer any kind of credit or overdraft facilities.
Paysafecard is the most popular form of pre-paid voucher there is, and the difference between prepaid cards and vouchers, is that you need to buy a voucher in a store. You purchase a voucher with the amount of money you want to deposit online, and when you’re ready to deposit, you need to simply enter the code which you’ll find on the voucher, and the funds will be instantly credited to your online betting account.
Virtual currencies, or cryptocurrencies as they’re sometimes known, have become increasingly popular over the last few years, and they’re not being offered as a way to process transactions at a number of different online betting sites. There is one main cryptocurrency which are accepted as a form of payment at online betting sites, and you can see these below:
Bitcoin is, by far, the most well-known and commonly-used form of cryptocurrency, and millions of people around the world trade Bitcoin each and every day. One of the major benefits of using Bitcoin is the fact that it runs on a decentralised Blockchain network, and this means it’s free from interference from banks, financial institutions and governmental bodies. Bitcoin transactions are also processed instantly, and it’s virtually free to use, so it’s a great way of receiving payments, without paying any fees!
Bank Wire and Bank Transfer payments are sometimes offered by the larger bookmakers – particularly in cases where deposit amounts are larger than those accepted by certain other payment processors. Making deposits using Bank Wire/Bank Transfer used to take a few days to clear, but today, thanks to Faster Payments, and a unique 3rd-party site (which you can read about below), they’re generally instantly received. Let’s take a look at two of the main ways to fund your accounts using a Bank Wire/Transfer.
This is the ‘old-fashioned’ way of making a deposit to an online betting account, and it requires players to send the bookmaker a payment directly. You will need to get the bookmaker’s bank details, and make a payment directly from your bank. These types of transactions are usually made instantly, but if the payment is made to a bank account outside of the UK, you may need to wait a couple of days for it to credit to your account.
Trustly is a relatively new company that aims to shorten the amount of time it takes for players to receive their funds from an online betting site. Instead of making a transfer directly to the online bookmaker, instead, it is made to Trustly, who then pay the bookmaker directly. This means – generally – transactions are processed instantly, and it means you don’t have to wait for the transaction to be finalised.
The payment methods shown above are indicative of the main ones you’ll find yourself able to use when you play at online bookmakers. However, the list is by no means extensive, and there are a huge range of other payment methods which you may find yourself able to use, dependant on where you live, and the site in which you choose to play with.
For example, you may find that some online bookmakers offer iDebit – a form of online bank transfer, that allows you to make near-instant deposits to a bookmaker. Webmoney is another online-based payment system and it works by allowing you to deposit directly from your online banking account. Clickandbuy is another EWallet, which – while not offered as much as some of the bigger ones – can be found at a small number of online betting sites based in the UK.
If you’re curious to know which deposit methods are accepted by a betting site, generally, all you need to do is head to the main cashier’s page, and you will then see a full breakdown of all of the available payment methods which you can use. New payment methods are being added all the time, so it’s definitely worth checking back from time to time, as you may find the selection has changed.