Finding a great online sports bookmaker isn’t all about the look of the site, the app, or even the markets and bonuses they offer. Of course, all those things matter, but it’s worth taking a look at what payment methods are accepted at the online sports bookmakers you’re about to sign up to. This will help ensure you’re not confused by any significant transaction fees or long withdrawal times.
Most payment methods are available at every online sports bookmaker, but the likes of PayPal, for example, like to pick and choose who they partner with very carefully. Let us guide you through what you need to know when it comes to casino payment methods.
What is a payment method?
A payment method is a way of depositing money into your online sports bookmaker account through sources such as PayPal, Neteller, and Skrill who have been at the top of the game since the turn of the century, and all have a long history in the online sportsbook industry. Debit and credit cards along with bank transfers and other e-wallet providers are also payment methods used on most sites too.
Banking online in 2018 is the most trusted, easiest, and quickest ways of transferring funds around. Online banking using any type of method was looked on with great suspicion in the formative years of the internet, but these days, there’s nothing on the internet that’s more secure.
What to look out for and why?
Withdrawal limits, times, fees, deposits, deposit fees and deposit times are all things you need to be mindful of. Some online sports bookmakers will have their own rules, and if you combine that with a payment method that charges high additional fees, you could be losing 5% or 10% of your initial deposit.
Looking through these types of things is imperative before you sign up to an online sportsbook and choose a payment method. PayPal might be your go-to choice because they don’t charge additional fees, but not every sportsbook offers PayPal so make sure you do some thorough scouting before you start so you’re not unnecessarily throwing money away.