After you’ve signed up with a sports betting website, the next step is funding your account so that you can start gambling with real money. This process is called depositing and is simple in most betting sites. After you log in, you have to choose the deposit method that you will be using, enter your payment details and select the sum that you wish to deposit into your account.
Fortunately, there are many methods that you can use in order to make transactions, but not all of them are available at each gambling website. Still, you are sure to find plenty of options that will satisfy your demands. In this article, you will learn more information about the most used deposit methods and how you can use them. It’s recommended that you take some time to read it so that you can find the best method for you.
Unfortunately, punters from the United States may have some difficulties when it comes to making deposits at gambling websites and they won’t be able to use most of the methods that we show here. The main reason for this is the strict legislation that is in place, but it’s unlikely that people will have problems using our US recommended sports betting sites.
For more information, check out our page about betting deposit options where you can read an in-depth review of each different service.
Depositing with a Credit/Debit Card
This is the widest spread method out there mainly because of its simplicity. You won’t find a website which doesn’t accept credit or debit cards, but this doesn’t mean that they will accept all types of cards. It’s very unlikely that you will have problems using the two most popular brands – Visa and MasterCard. The transactions are usually instant and you can also withdraw your winnings using these cards.
US punters can also use credit cards, but sometimes the card operator will block the transactions.
Making a deposit with a Wire Transfer/Bank Transfer
Wire/Bank transfers are also available at most betting sites, including ones located in the USA. They can be a good option if you want to deposit money and don’t want to give your bank details online or just don’t have a credit card. The main problem with bank transfers is that they take longer than most deposit options. You can also use them to make withdrawals at most betting sites.
All you have to do is make a bank transfer from your account to the bookmaker. Of course, you need to have their bank details, except for when they are freely available on their website, and also write a reference number with your transfer. After you’ve completed these steps and the money has reached its destination, you can use the funds from your account.
If you don’t know what E-Wallets are, they are similar to an online bank account and are easy to create and fund. You can use E-Wallets for payments at websites which accept them, so they can be a handy tool for gamblers who bet at many sites and often make deposits and withdrawals.
Some E-Wallets didn’t last long, but the ones who did made an impact and are now known all over the world, for example, PayPall, Skrill, and Neteller. American punters are at a disadvantage again, because Skrill and Neteller won’t accept them, meanwhile PayPal doesn’t accept gambling transactions in the States. Still, they are a very nice option for people from other parts of the world.
Virtual Credit Cards and Prepaid Vouchers
These two deposit methods have grown in popularity over the last years and are a compromise for people who don’t possess a credit card or an E-Wallet. They are very simple to use, you just need to buy a voucher or a card that has a specific amount in order to deposit money into your gambling account.
Money Transfer Services
Western Union and Moneygram are other options of depositing money at betting sites, despite the fact that less and less money transfer services are offering this service. Depositing with them is simple, but the process can be different at each site. This is also a good option for US punters.
This is a very straightforward method of depositing money because you just need to post the check and after it’s cleared, the money will be available in your account. This is as secure as it can get and you don’t have to share your credit card or banking information over the internet which isn’t so scary due to the encryption systems that the gambling sites are using. Not many people use checks because it takes much longer, but many bookmakers still accept them.