Sportsbook Deposit Methods and Withdrawing Winnings
Payment processing — both funding your account so you can play and getting withdrawals quickly into your hands after you win — is a key element for online gaming operators and players. Firms in different jurisdictions have access to different payment options, meaning you have to check out the rules and regulations to know how to deposit and if there are any fees associated with withdrawing your money. Many of the top sportsbooks accept VISA, others prefer bank wires and other methods. Check out some of the options below.
Instant deposits after initial set up and you can be wagering within a few minutes. Downside is that some cards will not process the transactions.
Great for larger deposits and professional players. Larger amounts usually mean the sportsbooks charge zero fees.
Recommended: Bookmaker.com (Review)
Another credit card that offers that immediate access to funds. Not a lot of books provide this option.
Recommended: Bookmaker.com (Review)
Like other credit cards, provides instantaneous access to your money following successful deposit.
Recommended: Bodog.com (Review), Betus.com (Review), Sportsbetting.com (Review)
Third-party processor that has been a mammoth player in the online space overseas. Direct deposits into your account from your bank account.
Recommended: Bookmaker.com (Review)
Moneygram or Western Union are examples of person-to-person transfer. Some paperwork involved on both sides of the money pipeline but effective and cost-effective.
Recommended: Bookmaker.com (Review)
Withdrawals can sometimes be a different beast. The best option is courier checks although the cost is usually between $30 and $50 so, this is not the best option for a small player betting $5 per game. Check with your customer service rep about the best withdrawal option, the timeline and fees associated with it.
