Betting site deposit options
Depositing funds into your online gambling account – online bookies, casinos or even a bingo site – can make some people get anxious and confused about their options.
So we are going to have a look at some of the more common ones you will come across, including casting an eye on whether they are good for your part of the world.
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Credit card/Debit card
Credit and debit cards are almost universally accepted by online gambling sites. You will be hard up to find an online gambling site that does not accept deposits via a credit or debit card these days.
Credit and debit cards are hands down the simplest method of depositing funds into your account. All you have to do is fill out your card details into the secure deposit section and verify it with the CRN number on the back of your card.
Credit/debit card deposits are usually instantaneous, which gives you the added luxury of using your funds immediately.
Generally Visa is more widely accepted for use by customers from around the world, including residents of the U.S. however MasterCard and Maestro cards are not available for use to U.S. residents. This is due to their federal laws relating to online gambling.
Popular payment processors at online betting sites
One of the most popular ways to deposit money to online betting sites in 2020 is via payment processors, with these including services like POLi (Australia) and InstaDebit (Canada). Bookmakers allowing payment processor deposits will usually have country specific payment options. For instance using Australian betting sites as an example, they have POLi available because that is the service in this country.
The process of using a payment processor to fund your bookie account is simple and involves you logging into your online banking, via your chosen betting site. Some of the payment processors that are popular at online betting sites include:
Web wallets are becoming more and more popular as a method of deposit. Some of the more popular web wallets are Skrill, Moneybookers, Neteller, iDebit and EntroPay.
Web wallets act as an anonymous middle man. You deposit funds into your web wallet and then, through your online betting account, you transfer funds from your web wallet into your gambling account.
Using a web wallet ensures your personal details are not directly involved with any transaction with your gambling provider.
Web wallets can be used by Australian, New Zealand, Indian, European and Asian customers.
Not a widely utilized deposit option but safe and secure none the less. PayPal functions similarly to a web wallet, where funds deposited into your PayPal account can be used to deposit funds into your online betting account. This ensures customer safety and their private information remains private.
This is a form of deposit only available to residents of Australia and New Zealand. Its use is free of fees, safe to use and funds deposited via POLi are instantly accessible. POLi has become one of the most popular methods to fund gambling accounts in Australia, although with it being owned by Australia Post, it withdrew support for online casino deposits because there are none licensed in Australia.
Direct deposit is another simple, safe and widely accepted method of depositing funds into your betting account. Again however, this is not an option for American customers.
Your online gambling provider will usually supply you with their account number and bsb number for direct deposits. From there you can transfer directly into your gambling account from your banking account online or you can make a deposit in person at your local branch.
This is a form of deposit perfected by companies like Flexepin and Paysafecard. You simply buy a card, either online or from a bricks and mortar shop, where you will receive a 19 digit number. This is your “card”. To deposit using a pre-paid voucher just enter your 19 digit code you are done!
Pre-paid vouchers are used and accepted the world over, however they are not eligible for use by U.S. residents on gambling sites.
A variant of pre-paid vouchers is Airtel, which is a popular way to fund betting accounts in African countries like Kenya and Ghana. It allows people to make a payment to a registered agent. They then receive a pin which will allow you to fund your betting account in a few quick steps. Read more about Airtel bookie deposits at our dedicated page.
Which is the safest way to deposit?
With the advances in online security each of our recommended deposit methods provide customer safety. If you are depositing with one of our recommended online gambling providers, whether it is an online bookie or online casino, they all strive to protect your personal details.
Some sites even boast SSL certification: this is the same sort of encryption used by major banks around the world.
Many African countries are beginning to blossom into major players in the gambling world, but one problem has been depositing money into your account. This has largely been rectified through SMS deposits, which allow those without banking infrastructure to fund online betting accounts by debiting money to their phone bill. MPESA for instance has become heavily relied upon in Kenya.
How do I withdraw money after depositing?
Check with your online gambling provider to see what their favoured forms of withdrawal are but usually you can get your withdrawal credited straight into your bank account of choice.
US citizens will most likely have to settle for a check in the mail or a bank transfer. Withdrawals can often be capped for US citizens because gambling sites don’t want to raise the ire of officials. Usually bigger withdrawals will be done over several days and transactions.