One of the most important things to research when you’re searching for the right sportsbook is to examine the banking methods. Banking methods refer to the methods that are available for you to deposit and withdraw from the sports betting site. After all, you might love all of the features and bonuses, but you have to have a way of conveniently getting your money in and out.
Nowadays, the most common methods are credit cards (Visa, MasterCard, American Express and occasionally Discover), e-wallets (like Skrill or Neteller) or various cryptocurrencies. Beyond that, you’ll find some of the traditional methods like Western Union and bank wires.
What’s important to note is that different methods have different speeds of execution and can be used for different amounts. For example, if you’re doing a big transfer, you’ll probably use a bank wire or cryptocurrencies like Bitcoin or Ethereum. If you want to use something quick and simple, a credit card may be the best way to go.
On this page, we’re going to focus on getting your money to the sportsbook, so let’s examine the most common deposit methods.
|American Express is a popular credit card company that’s typically known for their excellent customer service. The most commonly accepted credit card types are MasterCard and Visa, but some books also accept American Express.
American Express Betting Sites
|If you’re going to be a sharp, a whale or a big-time bettor, bank wires might be for you. Typically, these methods have high fees but sportsbooks will usually cover the fees when you transfer the money in. You might see the fees when you try to withdraw. This is a great method if you want to transfer big sums of money as a method like a credit card will have much smaller limits.
Wire Transfer Betting Sites
|Discover Card is mostly available to people in the United States and it doesn’t have the same type of popularity as Visa, MasterCard and American Express. If you have the card, rest assured that some sportsbooks will cater to you.
Discover Card Betting Sites
|EcoPayz is an online e-wallet that’s been in operation since the year 2000. As the company has grown and become more popular, they have slightly tweaked their name to EcoPayz (from EcoCard). E-wallets are a convenient way to get money in and out of a book.
EcoCard Betting Sites
|Sportsbook transfers are when you transfer your money from one sportsbook account to another. The idea is that you’re either leaving one brand and moving to another, or simply shifting some funds over.
Sportsbook Transfer Betting Sites
|Bitcoin is the most popular cryptocurrency and is arguably the best way to deposit at sportsbooks. The fees are low, the transactions are fast and since most sportsbooks want to use this method too, they’ll typically give you a bigger bonus to use Bitcoin than other methods. There is a small learning curve with cryptocurrencies but once you’re onboard, it’s easy.