Day-to-day payments are forever expanding. For many of us, we’re living almost cashless as shops and services adapt to new technologies and methods of payment.
Online sportsbooks and casinos have always been at the forefront of adopting new tech, so when it comes to depositing and withdrawing, your options are considerable.
Below you’ll find all you need to know about payment methods for online betting, including the top methods and must-know information about them…
Common Payment Methods In Online Betting
You’ll find that most of the major names in online betting will offer a large range of the same methods of payment.
Below you’ll find all the most common methods of payment with online sports betting apps and casinos…
The most common method of payment is, of course, the credit or debit card. It’s what most of us pay for items with and placing bets is no exception.
In some cases you’ll also find Maestro available, with deposits taken from your account and added to your betting account almost immediately, with withdrawals usually taking a couple of days.
eWallets are growing hugely in popularity and a number are commonly available to withdraw and deposit via on online sportsbook apps.
The likes of PayPal, Skrill, and Neteller are accepted forms and they’re quick, easy and incredibly safe.
In the instances of eWallets, you don’t share any of your own bank details with the betting app themselves, instead, your eWallet acts as a go-between, meaning none of your bank details are stored by the betting apps.
As well as the above, you’ll also find a number of other methods that are less commonly used by players.
These include bank wire and eChecks and a number of other methods, although these are slowly starting to become more obsolete, with punters and sportsbooks and casinos opting for faster, more secure methods.
One method which is becoming more popular, and will likely continue to do so is cryptocurrency. Bitcoin is now starting to be accepted by a number of apps and quite possibly will be expanded out across the board as more and more people start wishing to trade with it.
Other common methods of payment include:
What You Should Know About Online Betting Payment Methods
When depositing and withdrawing there are a number of things you need to consider before deciding the method in which you want to use.
Before making a deposit, ensure you consider the following:
Timeliness of Deposits/Withdrawals: Different methods of deposit and withdrawals take different periods of time to land in or leave your betting account.
Debit/Credit cards eWallets are among the quickest, with deposits instant and withdrawals taking just a couple of days. These are the most favored methods quite often purely for this reason.
The Most Secure Method: eWallets Are generally considered the most secure method of depositing and withdrawing with betting apps.
As mentioned this is due to the fact that the casino receives no bank information from yours but rather communicates with your eWallet which sends information through encryption.
How To Find What Payment Methods A Betting App Accepts
The number of payment methods a betting app accepts varies, but it’s usually not difficult to uncover all the methods available from a sportsbook or casino.
You’ll usually find the logo of the more common methods at the foot of a betting app’s home screen, while every method will be noted within an app’s FAQs or Help section.
Which Betting Apps Offer The Most Payment Methods
As you’d probably expect, the bigger the sportsbook, the more payment methods there are available to a customer.
The likes of William Hill, BetVictor and Coral all have a huge range, and all of the betting apps that are available here on Bettingapps.com are among the very best when it comes to the payment options available.