Online banking was previously subjected to tremendous skepticism. With cases of data theft, fraud, and hacking rampant in the online space, the suspicion was undoubtedly justified at the time. In retrospect, phenomenal advances in money transfer solutions have fast redefined online money transfer.
As of 2022, it emerges that online banking stands out as an easy, fast, and dependable way of transferring funds. Online payment methods continue to offer a massive contribution in most areas, especially in the sports betting industry.
Sports bettors are spoilt for choice when juggling between different online payment methods. Bookies offer plenty of payment methods to them, but only a few stand out from the crowd. This piece explores popular and reliable payment methods provided by sports betting sites to get any bettor looking for an online payment method up to speed.
Bank cards have been hugely popular among sports bettors, a testament that some classics are here to stay. Visa and Mastercard are the two leading card issuers worldwide, especially for debit and credit cards. Other noteworthy bank cards used include American Express and Maestro, which are popular in the American and European markets.
Credit and Debit Cards are one of the easiest and fastest casino deposit methods. Depositing at any online sports betting site is as simple as inputting a few card details and confirming the transaction. Notably, the use of Credit cards for casino deposits might be limited in some jurisdictions to encourage responsible gambling.
E-wallets are fast cementing their place as the most popular banking methods. For starters, an e-wallet is essentially a digital wallet that facilitates easy transactions devoid of the hassle of opening bank accounts. Here is a list of some of the most trusted e-wallets today.
PayPal is undoubtedly a world leader, with more than 390 million users globally. Sports bettors, in particular, love it for its ease of making deposits and withdrawals from online sports betting accounts. That notwithstanding, PayPal provides an impressive safeguard on bank and card details, considering that it only plays an intermediary role.
Yet another global leader in the online banking industry, Neteller enjoys a considerable following in the sports betting industry. It is currently available in more than 200 countries and is highly appealing to bettors for its speed and security. Neteller sportsbooks are particularly appealing to players who value convenience and ease of banking.
Skrill, formerly Moneybookers, is accepted by many sports betting sites. This online payment merchant is available in more than 120 countries, with millions of users globally. Skrill is, by far, one of the most popular banking methods in the online gambling landscape. Like PayPal, Skrill users are required to link their account with their respective bank account for quick and easy deposits.
EcoPayz offers several financial products. Its e-wallet department enjoys massive appeal among sports betting enthusiasts, especially those who want to keep their banking details private. The best part is that it doubles up as both a deposit and withdrawal option, eliminating the need to sign up for multiple payment methods.
Prepaid cards bear close similarities to debit and credit cards. Unlike credit/debit cards, prepaid cards are recommended to punters who might not wish to share their banking details or want more control of their spending. Here are some popular prepaid card options offered at online sportsbooks.
Paysafecard is widely supported in the online world. Its key strength among online sports betting players is that it saves players the burden of registering their payment details. The only thing that a player needs is a 16-digit code (usually displayed on the card) and choosing the amount to deposit.
Astropay is accepted by many online sports betting sites. Players are only required to purchase an Astropay card and enter the code when prompted by the bookmaker's cashier. It only takes a few seconds to validate the payment, after which funds will be instantly uploaded into the punter's betting account.
Neosurf works on the same principle as Paysafecard and Astropay- the user purchases a prepaid card and enters the code when prompted.
Cryptocurrencies are fast redefining the online gaming landscape. Most online sports betting sites accept crypto banking methods, with Bitcoin, Litecoin, Ethereum, Dogecoin, and Ripple enjoying an early lead in terms of appeal to sports bettors. The main reasons behind the huge uptake of cryptocurrencies on sports betting include anonymity, low fees, and near-instant transactions.
The variety of online casino payment methods can be overwhelming. However, punters playing at online betting sites licensed in reputable jurisdictions have every reason to make payments with confidence. They only need to choose a payment method of their liking and play at a casino that accepts the payment method.