Making Sense of Betting Site Payment Options

January 25, 2018 July 20, 2018 David Nugent

Being overwhelmed with a huge number of different payment options when you sign up to an online betting site is something that you are going to have to get used to!

The main reason why you are always going to find a huge number of different payment method options being made available to you at such sites, is that as betting sites often accept customers from many different countries, they like to ensure each of their customers does have plenty of methods to allow them to fund their accounts easily and in their own chosen currency too.

What I am therefore going to do today, is to give you a quick overview of the many different types of payment options that will be on offer to you, but also give you an insight into any pros and cons associated with using each of them too.

Before I do so, I should point out that if you do have a debit card that is linked up to your bank account, then that is always going to be the best method you can use to deposit funds into your betting site accounts.

By doing so all transactions are processed instantly and in real time and you are never forced to have to pay any fees and charges for topping up your account sung such a debit card. Plus, the betting site can then transfer back to your card any winnings, so they show up in your bank account quickly and seamlessly too.

Depositing Via Web and E-Wallets

There are of course plenty of additional ways that you can transfer money into and out of any betting site account you have, and there are many punters who hate being forced to have to deposit using a debit card.

They will not want their bank or their partners to know they are gambling online and as such will actively seek out an additional payment method that is not linked p to their bank account and will never show on their bank statements as a deposit into a betting site account.

Therefore if you are one such person then probably the best alternative to using a debit card is an e-wallet or web wallet, you can open one of them up in a matter of minutes and by doing so you can then start t use it to move money around.

The only slight downside to using such a payment option is that you are going to be forced to have to pay some fees when using a web or e-wallet, so always make sure you are away of those fees and charges for over time they can add up!

I would advise you against using a credit card as they way you move money into a betting site account, for gambling on credit is a risky business and you will of course be then hit with interest charges and often additional fees such as a cash advance fee when using a credit card in that way!

Consider Using a Cryptocurrency

If, due to where you live in the world, your options are strictly limited in regards to just which types and forms of payment methods and options are available to you for moving money into or out of a betting site account, then consider using a cryptocurrency.

There are plenty of them available and by getting one of them and then finding a betting site that accepts that type of payment method you are never ever going to experience any problems moving money into our out of a betting site.

One of the additional benefits when you do start to use a cryptocurrency as a way of transferring money into a betting site account is that many of those sites that have it as a listed payment option now pay their winning customers back their winnings instantly to a cryptocurrency wallet.

The fees associated with using a digital currency wallet are very, very low and you will be bale to sign up to use one of them no matter where you live in the world, so if you do have only a limited number of payment options available to you then a cryptocurrency is one to consider as you preferred payment option.

However at the end of the day it is up to you just which payment method and option you choose to make use of and to be fair there are pros and cons of using any of the ones that are available to you.

About The Author

David Nugent

Editor

Hi, my name is David and I am the chief editor of legalbettingreport.com, I am proud to bring you all latest legal matters concerning the sports betting industry , I am a keen sports fan, dabbling in a few odd bets on my beloved Everton FC

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