Deposit methods available to bettors in sportsbooks are one of the most important topics when discussing the sports betting industry. Currently, it’s impossible to place bets at online sportsbooks if you aren’t able to deposit your money and if you can’t withdraw possible winnings because online operators don’t accept cash as a deposit method. We received many questions from our readers about the most efficient deposit methods and which payment methods are the best for online sports betting, so we decided to make a dedicated part of the website specifically for this topic.
It’s not easy to answer these questions with a single article. Therefore, we decided to make a series of articles about various deposit and withdrawal methods available to you in online sportsbooks.
Every worldwide sportsbook accepts a certain number of deposit and withdrawal methods. Still, each method has its pros and cons, from the usage fee amount to the time required to complete the transactions. Although there’s no perfect deposit or withdrawal method, there are better and worse ones, and we’ll do our best to explain them to you in detail.
What are electronic wallets (e-wallets)?
E-wallets are popular deposit and withdrawal methods in online sportsbooks. The most famous e-wallets are, without a doubt, Skrill, Neteller, and PayPal. Of those listed, Skrill (formerly Moneybookers) is by far the most popular in Europe simply because it's the easiest to use and is accepted by many respectable bookmakers.
How much are deposit fees at online sportsbooks?
Deposit fees vary depending on which deposit method you choose. Generally speaking, payment cards have fixed costs, while e-wallets very often don't have any fees. If you want to deposit with absolutely no fees and have extremely secure transactions simultaneously, you should consider a crypto-friendly sportsbook.
Why do I wait so long for money to be visible on my account?
Depending on the deposit and withdrawal method you choose, there may be specific problems when paying out the funds from your online sportsbook account to the bank. That's why it's important to make an intelligent decision when choosing your favorite deposit method. In general, electronic and crypto wallets are definitely the fastest, while bank transfers are the slowest since you can wait for the money from 7 to 10 days.
Bank transfer, or as some call it, ‘wire transfer,’ is a payment method accepted by almost all betting sites and online casinos. This is one of the oldest and most traditional payment methods because of the simple reason that this method is older than the internet and the online sportsbooks themselves. This method is widely used in […]read more
Cryptocurrencies are becoming an increasingly popular payment method among sportsbook players. Read this article and find out how to get and where to store your Bitcoins. A Brief History and Impressive Growth of the Popularity of Bitcoin If you’re wondering when was the first crypto block mined, it was in 2009, but the idea of cryptocurrencies was […]read more
Skrill is one of the most popular international companies that provides e-wallet services but also deals with global money transfers. Over the years, this company has managed to stay at the very top of the industry that deals with these types of services, despite the occasional problems with its customers, primarily due to the somewhat rigid […]read more
If you’ve ever wondered which payment methods are the best when it comes to online sportsbooks, this article is written just for you. This article will focus on payment cards and explain to you the different types of payment cards that you can use in sportsbooks. Each of these payment card types has its pros and cons, […]read more
Paysafecard is one of the most famous and most popular deposit methods among bettors around the world. The company that manages this brand is Paysafe Holdings UK Limited, headquartered in Austria. This company is a part of the same group as the well-known e-wallets Skrill and Neteller. Since its foundation in 2000, the Paysafecard popularity has […]read more