Welcome to this Guide to Betting Payment Methods, When you look for a site to start your betting journey at, one of the biggest factors you should look out for is the selection of payment methods available.
In this article, the safest and most popular payment options for online betting will be listed. You will mainly find five different types of payment categories, including cards, e-wallets, bank transfers, mobile payments, and cryptocurrencies.
There are also other payment methods that are as of yet still growing.
The six most used payment methods include Card Payment, Skrill, Paypal, Neteller, Apple Pay, and Google Pay. In 2020, the UK banned the use of credit card deposits at gambling sites due to the increase of problem gamblers.
If you have any worries about having a gambling addiction, make sure to get in touch via this site to find help. Nonetheless, payments via debit cards are still valid and are considered the most popular way to fund betting accounts.
There are a number of reasons why this payment method is widely popular. These include instant deposits, sign-up offers, and an easy withdrawal process. The only disadvantage is that you have to share the card details to be able to complete the process.
Some popular e-wallets include big brands like Apple and Google Pay, as well as Skrill and Neteller. Such payment methods are able to gather all your funds in one place as a physical wallet.
You simply need to share your card details only with the company of the e-wallet. Therefore, this makes it more secure. E-wallets are popular for both deposits and withdrawals. The pros, which include instant deposits, the confidentiality of sensitive bank details, and fast withdrawals, surely outweigh the cons.
In general, the biggest con is that many betting sites do not offer any sign-up offers when using an e-wallet.
Paypal is one of the most popular e-wallets worldwide for the betting market. The main reason is that Paypal is known as a reputable and secure company. Moreover, you will be able to benefit from a number of welcome bonuses that will be specifically for bettors using Paypal.
It is considered to be the most reliable e-wallet, however, it is not the fastest for both deposits and withdrawals. Neteller will allow you to save and spend your money online. It is a very well-known method within the betting industry. You simply need to transfer your money from your bank account to the e-wallet and choose Neteller as your preferred method.
You do not have to share any sensitive data with bookmakers; however, you will not be eligible to benefit from any signup offers. Skrill is also very similar. You simply need to select the currency you preferred and input your personal details to be able to open an account.
It is also considered a trusted payment method. It is widely accepted within the betting market, but you will also not be eligible for any signup offers.
Apply Pay is only available for Apple users and is not available for withdrawals. However, it is a fantastic option for those looking for a secure payment method to deposit money at their favourite betting site.
On the other hand, Google Pay is only available for Android users and is also not available for withdrawals. They are both known as the fastest deposit methods around.
With such an abundance of choices, make sure to make the right decision for yourself. The above are some of our favorite betting payment methods out there. There you will find deposit and withdrawal methods for both international and UK casinos.
