Best Betting Payment Methods in 2024

Depositing and withdrawing money with online bookmakers in 2024 has never been easier as there are a number of convenient and quick options available. On this page we’ll take a look at the different options you’re likely to come across and help you find out which one works best for you.

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In May 2024, there are several payment methods for depositing on sports betting sites. If you come across one that you prefer, don't hesitate to sign up with one of the bookmakers who offer it!

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What payment methods are authorized by bookmakers for international markets?

There are generally five main categories when dealing with international bookmakers operating in a number of different countries. They are:

• Bank transfers
• Bank cards
• Electronic wallets
• Prepaid tickets
• Cryptocurrency

Each category of payment method has its own advantages and offers a complete range of tools. Here are the most common payment options used by sports betting sites: 

• Bank transfer
• Visa
• Mastercard
• Apple Pay
• Google Pay
• PayPal
• Skrill
• Neteller
• Paysafecard
• EcoPayz
• Trustly
• Bitcoin
• Ethereum

In May 2024, credit and debit card payments are still the most popular among international players. Secure, fast and 100% reliable, they offer a unique gaming experience and allow you to bet on sports in just a few minutes. Want to find out more about all these bookmaker payment methods? Read on.

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Bank transfer

Bank transfers, which have been one of the consistent payment options offered by online bookmakers over the years, are becoming less popular in 2024. While they are certainly useful for transferring large sums of money, it has one major drawback compared with other payment methods: the transaction time. 

Where most payment methods guarantee a money transfer in just a few moments, bank transfers can take several days in order to be approved. Bank transfers are of course secure and reliable but it's better to turn to faster, more convenient alternatives these days. Read our article on bookmakers that accept bank transfers to find out more.

Visa / Mastercard

Credit and debit cards are among the most widely used payment tools for online bettors in 2024. As with any Internet purchase, they enable you to make secure, ultra-fast payments on sports betting sites, and place your bets in just a few moments.

Whether your bank card is a Visa, Mastercard or Maestro, it will generally be accepted by all international bookmakers for your cash deposits. This makes it an excellent choice and a truly essential payment method for online betting today. You can read more about them on our list of bookmakers that accept Visa, and our table of bookmakers that accept Mastercard.

Apple Pay

Apple Pay, which is more a technological advancement than a payment method, is also offered by some international sports betting sites. This is great news for owners of iOS products. 

Via your iPhone, iPad, Mac or Apple Watch, you can use the Apple Pay app to deposit money with bookmakers. All you have to do is fill in your bank card beforehand, and you'll never have to take it out again to make online payments. Secure, ultra-fast and efficient. Full details of this payment method can be found on our page dedicated to sports betting sites that accept Apple Pay.

Google Pay

Like Apple Pay, Google Pay is an application that relies on your pre-registered bank cards (or PayPal account) to make a payment. Punters in possession of a recent Android device, such as a Google Pixel for example, can use Google Pay to deposit money on an online sports betting site.

When you make your deposit, simply use the application in question from your smartphone. This payment method is not necessarily the most widespread in May 2024 among gamblers, but it's a safe bet that it will gain momentum in the coming months. Read all about it in our article dedicated to bookmakers that accept Google Pay.

PayPal

Alongside credit and debit card payments, PayPal is one of the most widely used payment methods in online sports betting. In May 2024, hundreds of millions of people have a PayPal account and can use it to deposit money with bookmakers.

One of the leading electronic wallets in the industry, PayPal is simple to use and only requires you to make a deposit in advance (by credit card, bank transfer, etc.). Once your PayPal account has been funded, it can be used like any other bank account to deposit money for betting. If you're not already familiar with this method, we suggest learning more about it without further ado with our list of betting sites that accept PayPal. It provides a 100% secure and fast avenue for funding your betting account.

Skrill

Skrill (formerly MoneyBookers) is another popular e-wallet for punters worldwide. Accepted by many sports betting sites, it works like any other e-account, i.e. you need to fund it before you can use it.

Once your Skrill account has been funded, it can be used to make a deposit for betting purposes. Although not as well known as PayPal, Skrill is nonetheless an efficient and highly recommended payment method. What's more, it has a major and rare advantage: it can be used for cash withdrawals (see below). Everything you need to know about this method can be found in our guide to sports betting sites that accept Skrill.

Neteller

Along with PayPal and Skrill, Neteller is undoubtedly the third most well-known e-wallet in 2024. Available since 1999, Neteller is 100% free and can be loaded via credit card, bank transfer or even prepaid tickets. As soon as your Neteller account is funded, you can use it to deposit money at online bookmakers.

As with other e-wallets, Neteller offers the advantage of being reliable, fast and leaving no trace on your bank account. As a substitute for credit cards, it guarantees bank anonymity on international sports betting sites. An advantage not to be overlooked, as described on our page dedicated to sports betting sites that accept Neteller.

Paysafecard

Paysafecard is a payment method in the prepaid ticket (or prepaid card) category. Several bookmakers in our top online betting sites list accept deposits via Paysafecard, which again guarantees a certain anonymity, flawless reliability and a fairly rapid transaction. 

To use Paysafecard, you need to go to a convenience store or online sales outlet, and buy a card (real or virtual) for the amount of your choice.

The card is marked with 13 digits, which you simply enter on the sports betting site when you make your deposit. To help you manage your Paysafecard top-ups, you can also create a My Paysafecard account.

EcoPayz

EcoPayz is an e-wallet in a similar vein to Neteller and Skrill. They’ve been around in the online payment processor market for over two decades after being founded in 2000 and are accepted by numerous online bookmakers. EcoPayz functions solely on a prepaid system, meaning you cannot make transfers using funds that are not already in your account.

EcoPayz is regulated by a number of agencies and complies with the latest digital security standards so you can rest assured knowing your money is in good hands. It works similar to its peers in that you can link your bank account or debit / credit card to move money onto your ecoPayz wallet. From there you are free to deposit to any sports betting site that accepts ecoPayz as a payment option! 

Trustly

Swedish-founded Trustly is popping up more and more on the big name sports betting sites in the industry as a payment option. It is another electronic payment processor, offering an Open Banking method that allows users to make online payments directly from their bank accounts. This, of course, includes deposits and withdrawals to online sports betting sites.

Trustly is recognized as a licensed payment institution by the Swedish Financial Supervisory Authority and also holds a European Payment Service Providers license. They’ve become an established name in the e-payment industry and are an excellent choice for the secure, safe and painless experience that they provide to bettors looking for a way to fund their account. 

Bitcoin / Ethereum

While these are two entirely different cryptocurrencies, we are grouping them together here as they function in the same way for online betting sites. In order to make a deposit or withdrawal using a cryptocurrency, you will first need  a crypto wallet. These wallets allow you to buy and sell different coins and is how you can also fund your sports betting account. 

Bitcoin and Ethereum provide a number of advantages for online sports bettors, primarily the ability to make a payment without having to provide any of your personal banking details. This type of anonymity is seen as a huge benefit by some as it allows them to keep their digital footprint to a minimum. Crypto transfers are usually processed in a matter of minutes and it is a straightforward process when making a deposit on a betting site.

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Are the payment methods offered by sports betting sites reliable?

All payment methods offered by sports betting sites are reliable and guarantee the best possible security. Quite simply, they are all tested, approved and monitored by various bodies, such as the United Kingdom Gambling Commission (UKGC) for those books operating in the UK.

Therefore, when you want to make a payment to an online bookmaker you need not worry: everything is done to ensure the security and confidentiality of your data. As with other online merchants such as Amazon, all payment methods on sports betting sites are secure.

Are there any fees when making a payment on a sports betting site?

For the vast majority of payment methods, and for virtually all bookmakers, there are no charges when making a payment on a sports betting site. To be sure, we invite you to consult the general terms and conditions of the site you're interested in, and more specifically the section dedicated to money deposits and withdrawals. 

Generally speaking, however, you won't be charged any fees when you make a payment, especially if you use a conventional payment method such as credit card or PayPal. Some e-wallets may charge a small commission when loading money onto their service but most of the bookmakers themselves won’t charge a deposit fee.

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What is the minimum deposit for a bookmaker payment?

In May 2024, the average minimum deposit required by a bookmaker is €10. It may vary depending on the bookmaker chosen, but also on the payment method used. For example, the minimum deposit by credit card is €10 at Unibet but it’s €5 on bet365.

On Unibet, you can deposit a minimum of €10 by credit card, but €15 via e-wallets Neteller, Skrill and ecoPayz. Depending on the sports betting site and payment method, the minimum deposit will therefore not be the same. 

Bookmaker deposit limit: What is the maximum payout in Euros (€)?

Bookmaker deposit limits again depend on the sports betting site in question, the payment method chosen and the limits you set yourself when you created your player account.

To find out the maximum payout authorized by the bookmaker you're interested in, we recommend you visit the section dedicated to deposits and withdrawals in its Help section. Continuing with our Unibet example, you won't be able to deposit more than €13,000 per credit / debit card payment and €6,000 per Trustly deposit. Each bookmaker imposes its own conditions of use.

How long does it take to receive payment for a deposit on a sports betting site?

Generally speaking, it takes just a few seconds to receive the money deposited in your player account after a bookmaker payment. With the exception of bank transfers, which can take longer (2-3 working days), deposits via credit card, e-wallets and other prepaid tickets are transferred to your account in a matter of moments. You’re sure to find this handy when the match you want to bet on is about to start!

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Sports betting & crypto: An increasingly popular option

Cryptocurrency payment methods have experienced a rise in popularity over recent years, making it a solid option for funding your sports betting account. While it’s a bit more hit or miss in terms of which bookmakers offer the option, it nonetheless provides an extremely fast, anonymous and secure way to deposit and withdraw. 

Bet365, for example, doesn’t currently accept crypto as a payment method while a site such as 1xBet does. There are even bookmakers who have designed their entire site around cryptocurrency, such as Stake.com, which has users placing their bets using digital coins. If you have cryptocurrency accounts and are willing to deal with the often highly-fluctuating market price of the coins, it can absolutely be a viable option for online sports betting.

How do I withdraw money from a sports betting site?

After reading the above paragraphs, you should now be up-to-speed with the essentials about the payment methods offered by bookmakers. Let's move on to how to actually get your winnings out of the online sports betting sites: bookmaker withdrawal methods.

For the most part, you will often find bookmakers offering the same payment methods for withdrawals that they offer for deposits. This is in large part down to most online betting sites implementing what is known as a “closed loop policy.” This means that the user will have to use the same payment method to withdraw that they used to fund their account, when possible.

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Transfer time: How long does it take to receive your winnings after withdrawing money from a bookmaker? 

Note that withdrawing funds often carries a longer processing time than depositing. Unibet, for example, states that credit / debit card withdrawals have a minimum amount of €15 and take between 1-3 business days to clear. E-wallets are generally much quicker with Unibet stating an up to 12 hour processing time for services such as Skrill, Neteller and ecoPayz. 

As a general rule of thumb, you can likely expect two to three working days for your winnings to arrive in your bank account. This time may depend however on the bookmaker and the time of year. In the middle of a soccer World Cup, for example, your request may take a few hours longer than a withdrawal request made during a normal sports period. But don't worry: it's in the sports betting site's interest to transfer your winnings to you as quickly as possible.

Do sports betting sites charge withdrawal fees?

Sports betting sites rarely charge fees for withdrawals. In May 2024, such penalties may be incurred for transactions that are repeated too many times in a short space of time. 

To find out about any charges for your withdrawal requests, we advise you to consult the dedicated sections of online sports betting sites. You can also consult additional information on each bookmaker's test sheet, which can be found directly on our ranking of sports betting sites.

Payment methods for betting sites:

• PayPal Bookmaker: Which Sports Betting Sites Accept PayPal?
• Bookmaker Visa: Which Sports Betting Site Accepts Visa?
• Bookmaker Mastercard: Which Sports Betting Sites Accept Mastercard?
• Apple Pay Bookmakers: Which Sports Betting Sites Accept Apple Pay?
• Bookmaker Bank Transfer: Which Sports Betting Sites Accept Bank Transfers?
• Bookmaker Neteller: which sports betting sites accept Neteller?
• Bookmaker Skrill: which sports betting sites accept Skrill?
• Google Pay bookmaker: which sports betting site with Google Wallet?