Payment methods are one of the main indicators for choosing a sports betting site. If the user does not find a suitable one in the list of available options, then he simply will not contact the bookie. Unlikely, a player would create a special account in a little-known payment system or an incomprehensible bank. Therefore, online bookmakers offer popular ways to manage cash flows. The betting site also gives a lot of opportunities to deposit money, place bets, and withdraw winnings.

Consider the features, pros, and cons of the main payment methods.

Debit/Credit Cards – Convenient

Probably, the majority of solvent planet’s inhabitants have Visa, Mastercard, or American Express bank cards. The main “custodian” of salaries, pensions, and benefits. It is not difficult to transfer money and pay for services on the Internet. Debit cards are most often used by bettors to replenish an account on bookies’ websites and withdraw earnings. The advantage of paying is the direct flow of funds between a bank and a client’s gaming profile and instant depositing. But it can’t be said about the withdrawal. It usually takes 1-3 days while money will get to their destination. The delay may be due to the verification procedure or certain payout days.

This transfer method does not charge a commission from the client, however, a bookmaker can take fees when converting currencies.

Electronic Wallets – Safe

Transfers from PayPal, Instadebit, Skrill, Neteller, EcoPayz wallets are the second most common way among bettors. Account replenishment occurs in several stages. First, you need to deposit cash to an electronic wallet, and then, send it to a sportsbook page. This process is safe and allows you to shift money immediately for both replenishment and withdrawal (if those requisites are the same). A client may face an unforeseen commission when transacting from his wallet to the bookmaker’s account.

In the case of transferring from e-wallets, you won’t have to provide a lot of personal data to the bookie, like a passport photo. This anonymity attracts customers. But you will need a screenshot of your e-wallet service page.

Prepaid Cards – Anonymous

Another way to make incognito payments. You can replenish your Neoserf, PaySafecard card account with the amount you need, and then deposit the bookie. This way is safe for your data and bank funds. In addition, it does not require commissions.

The only inconvenience may be the duration of the steps. However, here you can control the expense by replenishing the card with only a part of the bankroll.

Bank Transfers – Frankly

You have the ability to deposit your gaming page directly by entering bank details. If you are not afraid of your safety or have nothing to lose, this method is just right.

However, when withdrawing money by bank transfer, the client may face a large commission.

Cryptocurrency Wallets – Instantly

If you are a happy owner of cryptocurrency, you can spend it on sports betting. Many bookmakers accept such players with open arms. Payments are made instantly in two directions: both for replenishment and withdrawal from the sportsbook.

You may only be scared of a sharp fall in the bitcoin rate, while you sleep peacefully. But this has not happened for a long time, so fears may be in vain.

When choosing a payment method at sportsbooks, evaluate your benefits. The lifting speed and commissions will become important to you. By the way, deposit/withdrawal ways may differ from each other. Also, pay attention to the bonus conditions — they can require you to top up a profile using only one of the available methods.

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