What Are the Best Payment Methods for Sports Betting?

You can use any of the following payment methods on a selction of some of ther best UK football betting sites.

The best payment methods for sports betting

There are plenty of payment methods available these days for sports betting. Naturally, different betting sites have different betting methods that they support. But on the whole, there are certain payment methods that we would recommend above all others. The reasons for these include safety, benefits, and the fact that the payments are easy to use in general. On that note, we’d like to detail the best payment methods for sports betting right now.

EcoPayz

Let’s kick things off with EcoPayz, one of the quickest growing digital wallets in the world. Like other digital wallets, you’ve got to open an account with these guys first. But to be honest, that can be completed within a matter of minutes. After you’ve done it, you can enjoy one of the simplest and safest e-wallets in the world. EcoPayz has a 24/7 fraud detection team, the limits for transactions are high, and the mobile app that these guys have is terrific. The latter lets you monitor your balance and perform transactions with ease.

At the same time, EcoPayz can be used to perform both deposits and withdrawals. So there is no need to go and sign up for any other payment method.

Neteller

Neteller is another digital wallet, and it is better known than some of the others. Now, the reasons that we believe Neteller is one of the best payment methods for sports betting are extensive. Neteller is amazingly secure, it is widely adopted, limits are high, and transactions are speedy. Neteller can also be managed in multiple currencies, and since this is a digital wallet, it provides a barrier between betting sites and your main bank account. After all, this is why many people look to use digital wallets in the first place.

 

Sure, you must fund your account from a debit card or bank, but those details are never then shared with a betting site. And beyond this, you can easily deposit funds by simply using your Neteller email.

Skrill

Skrill is pretty much on a par with Neteller in terms of popularity. Opening an account with this digital wallet provider is free, and it takes a matter of minutes. This is similar to the others on this list, and once done, you’ve got all kinds of benefits on the table. Skill is certainly one of the best payment methods for sports betting for multiple reasons. The deposit and withdrawal limits are very high here, withdrawals are rapid, and there are zero fees to worry about unless you’re making currency conversions.

Most established betting sites will support Skrill these days too, so you needn’t worry about a limited selection here. And much like the others, Skrill has a native app you can download and manage your account from.

PayPal

PayPal is the oldest and most successful digital wallet in the market. As a matter of fact, PayPal was launched all the way back in 2000, showing that it has more than 20 years of experience under its belt. This already makes people feel more comfortable with choosing this digital wallet over others. But on top of a solid track record, what else is there? Well, you’ve got incredible security through layered protection. This includes two-factor authentication and mobile confirmation when signing in.

You’ve also got the protection of funds thanks to a fraud detection team, 24/7 support services, and so much more. Like all digital wallets, you don’t need to share personal bank details with betting sites if you choose this method.

Visa

When we say Visa, we specifically mean Visa debit cards. In the UK, credit card transactions have been removed, so you’ll have to use debit. But with this said, there are many benefits to actually using Visa debit cards. One of the main reasons we believe that Visa is one of the best payment methods for sports betting is that this option is rarely excluded from bonuses. The same cannot be said for digital wallets or American Express. And this includes both welcome bonuses and reload offers, so this is one less thing to worry about.

Deposits are also instantaneous with Visa debit cards, which is another major plus. There are never any fees associated with this method either. Although it’s not all great, withdrawals can be slow and limits are typically lower.

MasterCard

MasterCard is simply another form of debit card, as you likely already know. And since most of us use debit cards on a daily basis, you probably already have one of these cards. If that’s the case, you can instantly make deposits without incurring any fees with MasterCard. Like the other methods mentioned here, loads of betting sites accept MasterCard. In fact, it’s harder to find a betting site that doesn’t! MasterCard is also a two-way payment method, meaning you can make both deposits and withdrawals with this method.

Like Visa debit, however, withdrawals can be pretty slow, sometimes taking several business days. Limits are also lower than other methods like digital wallets, but those are pretty much the only downsides.

American Express

Last but not least, we have American Express. Now, American Express is widely known as being a credit card provider, but that’s not the only product they have. And to stress once more, you cannot use credit cards to make transactions in the UK anyway. So the option of using an American Express credit card is off the table. But for the debit card options, you get the same benefits that are seen for both MasterCard and Visa cards. This includes eligibility for bonuses, instant deposits, and zero fees at the vast majority of betting sites. And you can even save your payment details to make repeat transactions with ease.

To remove a quick stereotype here, people worry about safety with debit cards. Sure, you must share your details, but these are some of the best payment methods for sports betting because of the CVV requirement. This is on the back of the card, and without this, transactions cannot be completed.