Betting Payment Methods
Explore the Best Betting Payment Methods for Online Gambling in 2024
Gone are the days when placing a bet meant heading down to your local betting shop with cash in hand. Today, in the digital age, the world of online betting has exploded with a variety of convenient and secure payment methods. Whether you’re a seasoned punter or a newcomer eager to explore online betting sites, there are numerous options for funding your account and withdrawing your winnings.
In this comprehensive guide, we will delve into the most popular betting payment methods available to online gamblers in 2024. From traditional debit and credit cards to e-wallets like PayPal and Skrill, bank transfers, prepaid cards, and even cryptocurrencies, each option comes with its own set of advantages and drawbacks. We’ll also cover some unique payment options that might surprise you. Some of these methods offer enticing bonuses like free bets for new customers, while others provide quick and easy ways to top up your account at any time.
Our goal is to help you make an informed decision about which payment method best suits your betting style, considering factors like transaction speed, security, availability, and potential fees. Continue reading to discover the perfect fit for your needs, or click the links below to jump straight to detailed reviews of each payment option.
We’ve listed all the available and popular betting payment methods to ensure you have everything you need to enhance your online betting experience.
Contents
- Apple Pay Betting Sites
- Bank Transfer Betting Sites
- Best Boku Betting Sites
- Best Debit Card Betting Sites
- Best Google Pay Betting Sites
- Bet Using Phone Bill
- Credit Card Betting Sites
- ecoPayz Betting Sites
- Ethereum Betting Sites
- Klarna Betting Sites
- Maestro Betting Sites
- Monzo Betting Sites
- Neteller Betting Sites
- Payforit Betting Sites
- PayPal Betting Sites
- paysafecard Betting Sites
- Revolut Betting Sites
- Samsung Pay Betting Sites
- Skrill Betting Sites
- Starling Betting Sites
- Trustly Betting Sites
- Visa Betting Sites
Best Online Betting Payment Methods in 2024
Check out the full betting payment methods today:
Debit Cards
Given the choice, most online betting sites and online bookmaker would prefer all customers to use debit card to place their wagers. As they are linked to a bank the funds are despited instantly. This protects the bookmaker, who can rest assured the transaction will not be revoked at a later date.
This method is arguably safer for punters, too. It’s easier to bet responsibly when you can only use money that is available in the here and now – no hedging on a line of credit, confident that a supposed sure thing will see you right.
Debit cards are widely accepted by all betting sites, as they are typically Visa cards. This makes them one of the most common payment methods out there in the world of online betting.
Using a debit card is also among the fastest ways to manage your deposits and withdrawals – certainly much swifter than bank transfers from the same account.
Credit Cards – No Longer Allowed as a Betting Method
Keep that MasterCard in your wallet – it’s no use on a betting site. Credit cards can no longer to be used to gamble online, as of April 2020. This even applies if you try to use a credit card via an e wallet. You’ll need to find other payment methods from now on.
This legislation was introduced after advice from the UK Gambling Commission, who suggested that they made it all too easy for problem gamblers to run into trouble. If the money to bet is not in your current account, you’ll haveto rely on free bets.
Paypal
PayPal is arguably the most famous electronic wallet of them all. Its omnipresent popularity means that PayPal is widely accepted by online betting sites, though there are always exceptions to every rule. Different sites have different regulations, so check the rules of your preferred purveyor. Debit cards can be linked to PayPal though, keeping your payment one step away from your account statement.
Betting through PayPal tends to cost more, as the sites that accept this payment method are forced to pay fees. This means that you’ll likely face certain restrictions if your betting site does accept PayPal. This includes a minimum deposit, and you’re unlikely to get any free bets or casino bonus for when you make deposits.
E-wallets – Skrill and Neteller
PayPal is not the only game in town with it comes to online betting using an e wallet. You could also try your luck with Skrill or Neteller. These bet payment methods and e-wallets operate the same policies – and restrictions – as PayPal. You’ll need to ensure you have money in your electronic wallet or link a bank card before adding to your bet account.
One of the main reasons to make deposits to a betting account using an e wallet is the one step of removal from your bank. Your statement will show PayPal, Skrill or Neteller as the vendor, not the online betting site itself. In addition, the online betting company cannot access your information. This makes these payment options secure for punters.
Again, with Skrill and Neteller, you’ll need to deposit and withdraw using debit cards or a bank transfer – no credit cards will be accepted. As with PayPal, you’ll also likely find that any free bets of similar sign-up bonuses are off the table if you use these methods.
Apple Pay
Apple Pay is another form of electronic wallet widely accepted by most betting sites and online bookmaker. Naturally, you’ll need an Apple product – be that a MacBook, iPhone, iPad or Apple Watch – to use this payment method. If you have such an appliance, you’ll be invited to create an Apple Pay account and add money for deposits or withdrawals to and from sites.
Apple Pay acts an intermediary between yourself and the betting site or bookmaker account, again retaining one step of separation from your bank account. You also won’t need to fumble around for your card to enter security PINs or expiry dates. Your bet will be placed using the touch of a button. You may miss out on some free bets, but this one of the easiest methods out there for managing your online betting account.
Bet Using Phone Bill
Phone bill is the latest method to take the online gambling world by storm. Unfortunately, not many major online betting sites accept this may of making deposits and withdrawals just yet, so you may need to shop around. Any money you spend on betting all be added to your monthly phone bill.
If you’re using your phone bill as a payment method for online gambling, a company called Boku will act as a go-between. This is one to watch, as it will likely rise on popularity once some of the kinks have been worked out.
In the short term, one way around this is to link your Boku account to Neteller. As mentioned previously, most bookies accept e wallets as payment options. You’ll have to pay a transaction fee, and the usual caveats about freebie bets (or the lack thereof) apply, but it’s one way to make despots and withdrawals using your phone bill.
Bank Transfers
Most sites will accept bank transfers (card payments) to top up the funds in your betting account. This payment method is far from the fastest, though. If you’re in hurry to get your bet laid, most of the top online betting sites will recommend the use of debit cards with your card details as the swiftest payment method.
This can be a way to put sizeable deposits into your betting account (sometimes called a bank wire), though. Banks sometimes get suspicious of large card transfers made to sites and block the transaction when you enter your bank details. You’re likelier to bolster your betting accounts without having to discuss it with a call centre by making a bank transfer.
As you’re placing a lathe amount of money into a betting account this way, you’re also likelier to be treated to some perks. A free bet option may come your way if you use a bank transfer, ensuring that you could save money by spending it. Withdrawals will also head straight into your current account, so this is a great option for many.
Google Pay
Google Pay is a new way of paying for betting that some of the leading bookies are now starting to accept. Follow our links and find out which online bookies are accepting this past and safe payment method. It is great for instant deposits.
In Cash at Bookies
Naturally, the humble high street bookie will continue to accept cash for your betting. In fact, that’s the payment preference of many. Paying out is easier when there is cash in the till, and you won’t need to wait 24 hours or longer for your withdrawals to hit your bank account.
If you build up an appropriate relationship with your bookmaker, you may even earn a free bet or free bets for your efforts.
On The Racecourse
You could also simply place your bets at a physical UK racecourse or Irish racecourse, taking in the thrill of the sport.
Card payments are widely accepted at these venues, and many will also permit the use of Apple Pay and even an e wallet transaction.
Cash, the oldest payment method of them all for betting, will also be welcome.
Does My Choice of Payment Method Impact Any Rewards?
It might, yes with some online bookmakers. If you’re keen to gain free bets or a casino bonus by gambling online, ensure that your payment method of choice does not null and void these offers. Every betting site has different policies about payment methods, betting sites that accept a wide range of payments are now the most popular and common for new customers.
A convenient betting payment method is very important.
Betting Payment Options Facts- Other Betting Payment Methods
- There are a variety of methods that can be used to deposit money into an online betting account.
- Credit and debit cards are the most popular methods of payment, however there are a number of alternatives including e-wallets, prepaid cards and bank transfers.
- E-wallets are a popular alternative to credit and debit cards as they offer a number of advantages including faster. transactions, increased security and the ability to make withdrawals as well as deposits.
- Prepaid cards can be a convenient option for those who do not have a credit or debit card, or who do not want to use their card to fund their betting account.
- Bank transfers are another popular method of payment, however they can take a number of days to process.
- Many online betting sites offer bonuses and promotions for those who use certain payment methods, so it is worth checking what offers are available before making a deposit.
- In the United Kingdom, the most popular payment method for online gambling is debit cards, used by 32% of gamblers.
- Credit cards are the second most popular method, used by 27% of gamblers.
- In the United States, the most popular payment method for online gambling is credit cards, used by 47% of gamblers. Debit cards are the second most popular method, used by 24% of gamblers.
- In Australia, the most popular payment method for online gambling is credit cards, used by 54% of gamblers. Debit cards are the second most popular method, used by 16% of gamblers.
- In Canada, the most popular payment method for online gambling is credit cards, used by 43% of gamblers. Debit cards are the second most popular method, used by 20% of gamblers.
Payment Methods for Online Betting Summary
There are a plethora of ways to deposit and withdraw funds to and from your online betting accounts that new customers can consider and therefore choose a deposit method that suits them the best. In the age of the internet, new payment methods crop up all the time and it’s never been easier to manage your money. Whether you’re keen to use a bank card (debit card), an e wallet, arrange bank transfers or a combination of multiple payment methods, you’re sure to find a betting site that meets your needs.
When looking at these payment options and popular methods remember take on board different factors such as processing time of payments, min deposit requirements and ease of use – we explore all these in details on the above pages so you can make an informed choice.
Deposits and Withdrawals Information
Here are all the payment details for all the biggest online bookmakers.
- 32Red Payment Methods
- 888 Payment Methods
- bet365 Payment Methods
- Betbull Payment Methods
- Betfair Payment Methods
- Betfred Payment Methods
- BetUK Payment Methods
- BetVictor Payment Methods
- Betway Payment Methods
- Boylesports Payment Methods
- Coral Payment Methods
- Grosvenor Payment Methods
- Ladbrokes Payment Methods
- LeoVegas Payment Methods
- LiveScore Bet Payment Methods
- LV Bet Payment Methods
- Mr Play Payment Methods
- Paddy Power Payment Methods
- Parimatch Payment Methods
- Sky Bet Payment Methods
- Spreadex Payment Methods
- Tote Payment Methods
- Unibet Payment Methods
- Virgin Bet Payment Methods
- William Hill Payment Methods