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PlayersBest.com / Best Online Gambling Payment Methods / Online Betting Payment Methods 2024

Online Betting Payment Methods 2024: How to Deposit & Payout?

Publish Date: 07/08/2021

Bookmaker Deposit Options

Why hello again – and thank you for joining us on the latest training session here at PlayersBest!

For our latest lesson, we’ll be taking you through the different ways in which you can fund your account before you get started betting – online payment methods.

Heading into a New Era of Betting Deposit Methods!

In the modern era of gambling, credit card betting sites still exist, but are quickly becoming outdated. These days, thanks to cutting-edge betting payment methods such as Neteller, Skrill and PayPal, you can now fund your account quicker and safer than ever before.

 You don’t want to get left behind in the modern era of online gambling payment methods, so join me as we explore the vast array of options available to you in 2024!

Bookmaker Deposit Options – Credit and Debit Cards

Above, I’ve alluded to the fact that funding your account with your credit or debit card is a little old fashioned. But why? Sure, it might seem like the easiest and most efficient way to get your betting account fully-funded and up-and-running. However, depositing into your betting account with your bank directly could ultimately be slower, more expensive and less secure. How? Allow me to explain in a little bit more detail below.

Bank Accounts – the betting deposit methods of the past

As the range of sportsbook deposit methods have only grown over the past decade or so, credit and debit card payments have been left behind. Processing times tend to be slower, particularly for withdrawals (sometimes up to seven whole business days), your payments are less private and you may incur more deposit and withdrawal fees.

We should point out here that the majority of gambling operators won’t charge fees from their end for any of the betting deposit methods they offer. However, they are unable to guarantee that your bank won’t hit you at the other end. Additionally, some banks in the US won’t allow you to fund gambling accounts using their service, leaving you with no way of funding your account.

Finding the safest and most secure online betting payment methods

If you decide to fund your account with your bank account directly, you could be compromising your security and be leaving yourself open to risks. Using your credit or debit card to fund your betting account requires you to input both your personal and financial details. This means that you’re sharing them with the merchant directly, and potentially risking them being released into the online world.

Fortunately, there are alternative online casino payment methods in today’s world that are far more secure and private. Moreover, they’ll process your deposits rapidly, meaning you can get betting as quickly as possible. Below, we’ll tell you about a couple of the fastest, safest and most efficient payment methods available in the world today.

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Bet in the future with digital wallets

The best available alternative to funding your betting account directly using your bank account is to use a digital wallet, sometimes known as an e-wallet or digital payment service. With such services, you sign up to them and fund your account using your bank account. You can then use their service to make online purchases and fund your online betting accounts. Creating an account with most digital wallets is simple and can be done in a short amount of time.

Why are e-wallets safer bookmaker deposit options?

To put it simply, e-wallets are safer than online banking transactions because they don’t share your payment details with the merchant directly. You only share your personal and financial details with the e-wallet provider when you sign up. After that, it is they who fund your gambling account without sharing any of your sensitive information with them. You can think of them as a sort of middlemen in a sense.

Ultimately, this reduces your online paper trail and thus increases your safety when visiting and making transactions with other sites. Your sensitive information never leaves your actual bank account, keeping you safe from online hackers and thieves.

The best e-wallets for betting

The oldest and most widely recognized digital wallet in the known universe today is PayPal. In our casino guide, you’ll find that the majority of US betting sites will accept PayPal. However, being the oldest doesn’t necessarily make them the best.

Their position as the best known e-wallet brand on the planet, means that they take a higher percentage of transactions than their competitors. There are two main alternatives that specifically make bookmaker deposit options. Namely, these are Neteller and Skrill.

Try out Neteller and Skrill when betting

Neteller and Skrill are two of the most common and popular alternative online betting payment methods on planet Earth today. Both of these options provide digital wallet and e-transfer services that can be used to fund gambling and trading accounts, and also to make online purchases.

Neteller betting sites are generally cheaper than PayPal ones and slightly faster and more efficient than Skrill. On the other hand, Skrill betting sites are cheaper than both Neteller and PayPal, although not quite as high in the safety rankings. That being said, all digital wallets and e-transfer services are safer and more secure than any form of credit/debit card payments and online bank transfers. What PayPal, Neteller and Skrill can all offer is lighting-speed instant deposits and far quicker withdrawal times than almost all other payment methods.

The downsides of Neteller and Skrill

As is the case with everything in the vast expanse of the known universe, there are a couple of pitfalls with Neteller and Skrill. However, we are pleased to inform you that the pros most definitely outweigh the cons with these payment methods.

The only real drawback with Neteller and Skrill is that some operators have exempted them from bonuses. This has nothing to do with the fact that they reject the legitimacy of these payment methods – it’s simply a part of their money-laundering and bonus misuse protection scheme.

Using PayNearMe

e-Wallets, credit/debit cards and online banking remain the most popular betting deposit methods to date. However, a relatively new solution has emerged that throws us back to the old school. Some of the more traditional gamblers among you here today may remember a little old thing called “cash”.

Thanks to the launch of PayNearMe, you can actually fund your online betting account with cash. If you see PayNearMe among the bookmaker deposit options available, simply click on it to generate a QR code. You can then take this QR code to your local 7-Eleven, or another participating convenience store and pay to fund your betting account in cash.

Now, given the era of cutting-edge technology in which we are all currently living, we understand fully that some of you may find cash payments a little old school. And you’re right – cash might be old school, but there’s no other payment method that’s more private and untraceable!

Online betting payment methods – Prepaid cards

Before we wrap things up with this latest training and knowledge session, we’d like to give a quick mention to another commonly used payment method in betting – prepaid cards. The majority of sportsbooks and online casinos will offer them, with some even operating their own in-house.

Prepaid cards are easy to use and do exactly what they say on the tin – simply add money to them in advance and use them to deposit into your betting account as and when you please with instant processing times.

The best advantage that Prepaid cards offer are instant, light-speed withdrawal. You do then, of course, have the task of withdrawing the money onward from the prepaid card back into your banking account. However, many prepaid cards do allow you to make everyday purchases as well as betting account payments.

Betting deposit methods – the conclusion

And so, we have almost come to the end of our latest guide. Just remember that when the time comes to fund your betting account, there are a few main things you want to consider. Ultimately, what you’re looking to do is fund your account quickly, safely and cheaply. At the other end, instant fee-free withdrawals are also a bonus.

You might find that you have to compromise in some areas to get the best in others, but ultimately, it’s all about striking the right balance. Stick to our guide and you’ll be just fine! There’s a whole load of online betting payment methods to explore out there, and you can find the best ones with us right here at PlayersBest.

Until next time, bettors!

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