Best Payment Methods for Online Bookmakers

A big hurdle to becoming a member at an online bookmaker in online gambling seems to be the betting payment options. Luckily, online bookmakers now offer a vast choice of betting payment methods that are fast and easy to use. There are standard payment methods, including MasterCard, Visa, and Wire Transfer. Also, there are a few other payment options, such as Neteller and PayPal available.

Why Are Payment Methods Important for A Good Betting Experience?

You’ll find many safe betting websites that are easy to deposit, play and best of all get paid. This is an outcome of increased competition. While choosing these payment methods, you can easily deposit money to or withdraw from online bookmakers. The vast selection of payment methods is safe and secure, satisfying your betting experience.

The description listed below explains the primary betting deposit options. When you decide which bookmaker to choose to access a playing account, then you can begin betting.

Debit Cards

The majority of online accounts are supported by debit cards. Many online sports players look for simple methods to deposit into their preferred sportsbooks. One of the first ways sports players deposit online is by using a debit card.

UK online bookmakers widely accept Visa and Maestro as payment methods. Two similar types of Visa exist, Visa Debit and Visa Electron. These particular payment methods rarely charge a fee.

You’ll also encounter names such as Solo, Switch and Laser, which are all similar. Once bookies accept certain debit card, they usually end up almost accepting them all.

A debit card is the most popular form of payment when betting online. Your bank card is the safest and easiest way to withdraw and deposit when betting. Bookmakers for this activity seldom charge fees.

Update: From the 14th of April 2020, bettors cannot make deposits/bets using credit cards.

PayPal

PayPal is considered the most popular e-wallet service available in the UK. PayPal began with eBay but has evolved. It’s a simple procedure to use. All you need to do is authorize your bank account and debit cards. You can remove funds to your e-wallet or add funds, whichever is convenient for you.

Neteller

Neteller is another popular e-money provider. It uses the same method as PayPal. Neteller has been securely processing online transactions from 1999. Most online bookmakers use Neteller as one of the leading payment methods.

All you need is just a few minutes to register for free. As soon as your account is active, you can transfer your funds to the gaming companies.

The advantages of Neteller are:

  • Fast and simple payments
  • The majority of bookmakers accept Neteller
  • Supports all the major currencies
  • Customer service 24/7

Skrill

Skrill is an e-wallet and a great online financial service. It is available at the top bookmakers and with very low or free transaction fees. Skrill makes it easy to link your Skrill account to your betting account and transfers are very quick and secure. Also. There are rewards for being loyal which are very attractive and make you feel valued as a customer.

Pay by Phone

Pay by Phone betting is a unique way to gamble online, allowing you to deposit money via your mobile/landline phone.

Unlike other online payment methods, a Pay by Phone bookmaker deposit is charged to your mobile/landline bill. Thus making it far safer and easier than providing your debit card details or information.

Paysafecard

Paysafecard (former Ukash service) and Entropay are like debit cards. Instead of removing funds from a loan facility or an account, they must be filled with cash to spend it. This allows you to keep a record of your spending.

Apple Pay

Apple Pay is possibly the safest way to deposit funds on sports betting websites. Becoming popular with bookmakers, this method of payment does not need a card or contact details. Your fingerprint or face recognition is the only thing needed to ensure your payment goes through. It is easy and convenient and works from all Apple devices.

What Are the Minimum Betting Deposits?

To be able to deposit a small quantity of money with your bookmaker is important. So you can try them out without investing a large amount, This way, you learn to have better control over your bets. Minimum deposits can vary between £1 to £100 or more. It depends on the betting site and payment procedures. The lowest stake bet can be between £0.10 and £2, depending on your bookie.

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Many online gambling sites have limits or restrictions to cashouts on their deposit, mobile and cashback bonus offers. Also, a lot of bookies have limits on maximum withdrawals and deposits. This is in place to prevent fraud. Betting sites have various roles when it’s time to withdraw. Some of the betting sites have limits. You can inquire for as many withdrawals as you like.

Many players believe that promotions and sign up bonuses are what they should look for in a bookmaker. However, the truth is that the available banking options are much more important to consider. Even though you may be tempted with online betting bonuses, banking methods still make a big difference in your bankroll.

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Many bookmakers accept low deposits to attract more players, but when its time to cash out your winnings, things may get a little tricky. It’s important to check the methods of withdrawal and minimum payout amounts before starting a game.

If you are searching for the best online withdrawal methods, e-wallets are usually the ones to consider. Since they propose unlimited benefits.

Using different methods, you can fund your Neteller, PayPal, Moneybookers or Click2Pay quantity. And then you can redirect the money to your account in a safe confidential way without revealing any personal information. Cheque withdrawals and bank transfers are accepted at every online bookmaker but take longer to get processed.

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