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Online Betting Sites Payment Methods – We’ve Got You Covered

The best online betting payment methods are well known. Well, if you’ve not bet much before then they might not be. We’ll enlighten you on this page. When you’re searching around to find the best sports betting sites to place a bet with, you should always be thinking about what the best payment methods for sports betting in the UK are. On this page, we take you through the best betting payment options that are available at all of the best betting sites in the UK.

Sports Betting Sites Offering the Best Payment Methods

Bookie Bonus Play
LeoVegas Review LeoVegas Review Bet Min £10, Receive 100% Mobile In-Play Profit Boost up to £100 Visit
New customers only • Deposit £10 min and claim in ‘my offers’ 1x 100% mobile in-play profit boost • Qualifying bets must be on mobile and on in-play markets • Qualifying bets must be placed within 7 days of your first deposit • Max qualifying stake £10 at minimum odds of 1/1 (Evens) • Max extra winnings £100 • Valid for 30 days • Skrill/Neteller deposits do not qualify • Please read full T&C's • 18+
bet365 Review bet365 Review Up to £100 in Bet Credits Visit
Open Account Offer • Up to £100 in Bet Credits for new customers at bet365 • Min deposit £5 • Bet Credits available for use upon settlement of bets to value of qualifying deposit • Min odds, bet and payment method exclusions apply • Returns exclude Bet Credits stake • Time limits and T&Cs apply.
10Bet Review 10Bet Review 100% up to £50 Visit
18+ • Min deposit is £15 • Deposit restrictions apply • 8x wagering on deposit and bonus • Min single bet odds of 4/5 • Min acca odds of 2/5 • Terms must be met within 30 days • Full T&Cs apply • 18+ begambleaware.org
Betfair Sportsbook Review Betfair Sportsbook Review Up to £100 in Bet Credits Visit
New customer offer • Place 5 x £10 or more bets to receive £20 in free bets • Repeat up to 5 times to receive maximum £100 bonus • Min odds 1/2 (1.5) • Exchange bets excluded • Full Betfair T&Cs apply.
888Sport Review 888Sport Review Bet £10 Get £30 Visit
New UK customers only • You must enter 888sport bonus code 30F when depositing for the first time • Min deposit is £10 • Qualifying bet must be at odds of 1/2 (1.5) or higher • You must place your first bet within 30 days of registration • You’ll receive 2x £10 free bets and 1x £10 mobile free bet once your qualifying bet has settled • You have 7 days to use the free bets before they expire • Full 888sport T&C's apply
Unibet Review Unibet Review £40 Money Back Offer Visit
18+ • Deposit £10 • Wager bonus money 3x at min. at odds of 2/5 or greater in Sportsbook • If you use your sports bonus on casino – wager bonus money 25x on casino games • Bonus expires after 7 days • £10 casino bonus credited next working day • 35x wagering on casino bonus • 1 bonus can be used at a time • Sportsbook bonus must be wagered before casino, unless bonus has been forfeited • Further T&Cs Apply • begambleaware.org
BetRegal Review BetRegal Review £10 Free Bet Visit
Max Free Bet is £10 • Min deposit is £10 • Min odds of 1/1 (2.0) • Deposit restrictions apply • Min odds on free bet are 4/5 (1.80) • Acca bets excluded • Cash out excluded • Full T&Cs apply • 18+

The Best Payment Methods – Why Should I Consider What's Available?

Well, for a start, some bookies only offer a credit or a debit card as a method of payment, so you’ll want to cross them off your list of new betting sites to use if you prefer e-wallets. On the other hand, some sportsbooks offer e-wallets but not certain other methods, so punters need to check out what’s available and what’s not available.

You also need to ask yourself a few questions. Do you prefer betting with PayPal? Is the speed of withdrawal important to you? Is it essential you’re depositing money at a safe and secure online betting safe? That’s a ‘yes’ for anyone really. We only list safe and secure betting sites here, so you’re fine on that front.

What are the Best Deposit Payment Methods?

sports betting payment methods

Good question. The top online betting sites in the UK will all have some cracking welcome offers available that require a deposit of some kind before you can claim their betting promo.

What you need to decide is the best payment method for you. That’s where we come in. Some punters argue that PayPal is the best, and some still love the basic debit card. But is using PayPal as a payment option the best if a certain bookmaker excludes e-wallets from their welcome bonus? Probably not. Nevertheless, here’s a list of all of the depositing options in the UK that are safe and secure to use. Feel free to click on each one to understand more about that payment method. If there’s a clickable link, we’ve got a detailed review on that payment option.

Payment Method Depositing Timeframe Benefits
Debit Card Instant Readily Available and Secure
Credit Card Instant Readily Available and Secure
PayPal Instant Quick and Trustworthy
Skrill Instant High Max Limits
Neteller Instant Quick and Trustworthy
Entropay Instant High Max Limits
ecoPayz Instant Quick and Trustworthy
Apple Pay Instant Quick and Secure
Paysafecard Instant Secure
Trustly Instant Quick and Secure
MuchBetter Instant Quick and Secure
Neosurf Instant No Bank Details Needed
Bitcoin Instant Secure
Sofort Instant Quick and Secure
Bank Transfer 3-5 Working Days Secure and Trustworthy

 

Betfair Payment Methods

Arguably one of the very best in the industry when it comes to the choices available for punters. The payment methods for Betfair is great. What's also impressive is the security in place. Betfair's Know Your Customer (KYC) policy is rigorous and thorough but needed to prevent money laundering. Your money is always safe, and you can deposit and withdrawal knowing that there will never be any problems.

A Betfair withdrawal fee? No chance. Betfair Apple Pay? Oh yes. They offer plenty of different options for punters and do not charge any fees regardless of which payment method you choose. All you really need to decide is how quickly you want your winnings back in your account. If the answer is quickly, then consider using an e-wallet like PayPal, Neteller, or Skrill. All of which are available to use as a Betfair customer.

The Best Debit Card Betting Sites

Bookie Bonus Play
10Bet Review 10Bet Review 100% up to £50 Visit
18+ • Min deposit is £15 • Deposit restrictions apply • 8x wagering on deposit and bonus • Min single bet odds of 4/5 • Min acca odds of 2/5 • Terms must be met within 30 days • Full T&Cs apply • 18+ begambleaware.org

The Best Credit Card Betting Sites

Bookie Bonus Play
888Sport Review 888Sport Review Bet £10 Get £30 Visit
New UK customers only • You must enter 888sport bonus code 30F when depositing for the first time • Min deposit is £10 • Qualifying bet must be at odds of 1/2 (1.5) or higher • You must place your first bet within 30 days of registration • You’ll receive 2x £10 free bets and 1x £10 mobile free bet once your qualifying bet has settled • You have 7 days to use the free bets before they expire • Full 888sport T&C's apply

The Best PayPal Betting Sites

Bookie Bonus Play
bet365 Review bet365 Review Up to £100 in Bet Credits Visit
Open Account Offer • Up to £100 in Bet Credits for new customers at bet365 • Min deposit £5 • Bet Credits available for use upon settlement of bets to value of qualifying deposit • Min odds, bet and payment method exclusions apply • Returns exclude Bet Credits stake • Time limits and T&Cs apply.

The Best Neteller Betting Sites

Bookie Bonus Play
Betfair Sportsbook Review Betfair Sportsbook Review Up to £100 in Bet Credits Visit
New customer offer • Place 5 x £10 or more bets to receive £20 in free bets • Repeat up to 5 times to receive maximum £100 bonus • Min odds 1/2 (1.5) • Exchange bets excluded • Full Betfair T&Cs apply.

The Best Skrill Betting Sites

Bookie Bonus Play
Unibet Review Unibet Review £40 Money Back Offer Visit
18+ • Deposit £10 • Wager bonus money 3x at min. at odds of 2/5 or greater in Sportsbook • If you use your sports bonus on casino – wager bonus money 25x on casino games • Bonus expires after 7 days • £10 casino bonus credited next working day • 35x wagering on casino bonus • 1 bonus can be used at a time • Sportsbook bonus must be wagered before casino, unless bonus has been forfeited • Further T&Cs Apply • begambleaware.org

Betting Online – What Payment Method Should I Choose?

Whichever one you feel most comfortable with, to be honest. If you regularly use your debit card outside of online betting, stick with it. If you’re a fan of PayPal with your online transactions such as eBay or Amazon, stick with it. There’s nothing like staying with what you know, there’s no harm in that.

However, if you say, are going for a mortgage and want to bet online with a sportsbook in the UK, it’s probably best not to use your debit or credit card. The bank will check your statements. Why not consider an e-wallet instead in this scenario? It will show up as a PayPal transaction for example rather than a gambling deposit or withdrawal. You’re welcome.

If you’re not afraid of change then it’s definitely worth switching from what you regularly use. Or even using your usual payment method but also adding a few more. Essentially, punters must think of a few things when deciding which payment option to choose.

Choosing a Deposit Method – What Do I Need to Consider?

If you’re not 100% sure on the payment method you want to use, consider the following points before making a decision:

Maximum deposit limits
Minimum deposit limits
Promotion Exclusions in the T&Cs

Speed of the payment method
Fees involved when depositing or withdrawing
Availability at online betting sites

Let’s expand on those a little more…

Deposit Limits

There won’t be too many punters who worry about deposit limits, but if you’re a high roller then you’ll want to bet at an online sports betting site that offers high limits. On the flip side, you might be a casual punter who doesn’t bet much. You’ll want to find a bookmaker who accepts a minimum deposit limit of, say, £5. Some bookies set a minimum deposit limit of £20, which could be too high for some.

Promotion Exclusions

As we like to remind everyone reading our pages, make sure you read the T&Cs of the welcome offers before taking the plunge. Some welcome offers and existing promos exclude certain payment options. For example, you might use PayPal to make your first deposit in order to get a welcome bonus only to find out that e-wallets are not included in the offer. What a waste that’d be. It’s always worth having a few payment options available.

Speed of Payment Method

If it’s not instant, it’s probably not worth bothering with. Everyone nowadays wants to be able to bet as soon as they click the deposit button. You do have the option of a bank transfer or even a bank cheque, but who wants to wait 3-5 working days before you can get a bet on in this day and age?

Deposit and Withdrawal Fees

If they’re a top online betting site in the UK, you won’t see any unwanted fees for depositing. You shouldn’t have to pay to deposit your own money in all honesty, but there is the odd bookie still out there today that might charge you 2.5% just to deposit funds. In our opinion, if you see fees for depositing, avoid the bookie altogether.

Availability at Online Betting Sites

If you, say, use PayPal for everything and are looking to use a new online betting site, be sure to check that they accept your preferred payment method. There’s no real point signing up otherwise. Unless you switch to a new payment option of course. Some sports betting sites don’t have PayPal as an option, so there might be occasions where you simply say no thanks and move onto a bookie who does accept PayPal as a payment method.

Bookie Bonus Play
William Hill Review William Hill Review Bet £10 Get £30 Visit
New online customers only • Min £10 stake • Win only • Min odds 1/2 • Free bets paid as 3x £10 • 30 day expiry • Free bet/payment method/player/country restrictions apply • Full Terms Apply • 18+ • begambleaware.org

Sports Betting Sites – What the Best Payment Options when Depositing?

Here’s our top seven:

  1. PayPal
  2. Neteller
  3. Skrill
  4. Debit Card
  5. Credit Card
  6. Trustly
  7. Paysafecard

The top five stays as it is really when it comes to withdrawing funds too. Again, the same rules apply in terms of fees. If you’re getting charged to withdraw funds, you’re probably best off looking for another online sportsbook to bet with.

We’ll get onto withdrawals shortly, but as we’re still on the topic of deposits, it’s worth asking yourself…

Should I Set Deposit Limits?

It depends. If you’re well in control of your betting, then there may be no need to set a deposit limit. However, if you have the tendency to think about betting more than you can afford, it’s worth adding in a deposit limit. By setting a limit and only betting what you can afford, that enjoyment factor will always stay with you. It’s when deposit limits aren’t set, and you bet beyond your means that it starts to become an issue.

All you do with a deposit limit is set an amount you don’t want to exceed. This can be a daily, weekly, or monthly limit. You can tighten these immediately, but if you wanted to, say, go from a £20 deposit limit back up to £100, you need to wait a full seven days for the change to come into effect. Before moving on, it’s worth mentioning here that if you do find yourself in a spot of bother with your gambling, feel free to get in touch with the likes of GamStop or GamCare. They can help free of charge.

Bookie Bonus Play
EnergyBet Review EnergyBet Review 100% up to £50 Visit
18+ • New customers only • Must select the welcome bonus on the deposit page • Maximum bonus of £50 • Odds restrictions: 1/5 per leg (min 3 legs) • Minimum combined odds 1/1 • Some payment options excluded • Wagering requirements of 10x must be met within 30 days • Check EnergyBet T&Cs for full details

Why Can’t I Withdraw to My Chosen Payment Method?

This is a common question. If you deposit with a debit card and want to withdraw via Neteller, it’s not going to let you. The reason for this is simple. It’s because all top bookmakers have money laundering security measures in place. They call it a closed-loop system whereby you must withdraw to the same payment method you deposited from. So if you deposited £10 on a debit card, you must withdraw any winnings to that debit card.

Withdrawal Methods – What’s Available?

We’ve drawn up a list of the payment methods available to punters in the UK and their withdrawal timeframes on average. As mentioned, sometimes there are fees involved depending on the payment option you choose, so make sure you’re familiar with the T&Cs at your preferred bookie.

Payment Method Withdrawal Timeframe Negatives
Debit Card 3-5 Working Days Slow compared to e-wallets
Credit Card 3-5 Working Days Not always available
PayPal Within 24 Hours Small fees sometimes
Skrill Within 24 Hours Promo exclusions
Neteller Within 24 Hours Promo exclusions
Entropay 3-5 Working Days Slow compared to e-wallets
ecoPayz Within 24 Hours Small fees sometimes
Apple Pay Within 24 Hours Not always available
Paysafecard Not Available for Withdrawals N/A
Trustly Within 48 Hours Linked to your bank
MuchBetter Within 24 Hours Small fees sometimes
Neosurf 5-10 Working Days Slow compared to e-wallets
Bitcoin Within 24 Hours Not yet trustworthy
Sofort Within 24 Hours Small fees sometimes
Bank Transfer 3-10 Working Days Slow compared to e-wallets

 

Withdrawal Times – Why Are They All Different?

The withdrawal times at the best betting sites in the UK differ due to the fact that some are simply quicker than others at being processed. Moreover, a bookie could have a 24-hour withdrawal timeframe for PayPal, whereas another bookmaker may have it set at 24-48 hours. It all really depends on the speed of the agents working for that company as to whether a withdrawal will take 24 hours or 48 hours. Withdrawal timeframes do differ from bookie to bookie.

Not only are you waiting for the withdrawal to be processed, but you must also pass a bookmaker’s KYC (Know Your Customer) security check before you’re able to withdraw at all. As we mentioned, the above table lists the average withdrawal timeframes, so don’t assume this is the timeframe at each and every bookmaker because it’s not.

E-wallet Withdrawal Timeframes – Are They the Best Payment Methods to Use?

Again, it comes down to personal preference really. However, more often than not, e-wallets are the quickest way of getting your winnings. On average, the likes of PayPal, Skrill, and Neteller should take no more than a day really for your money to hit your account.

Bookie Bonus Play
Mr Green Review Mr Green Review £10 Free Bet Visit
Min deposit is £10 • Min bet is £10 • Acca bets with 3 or more selections only • Free Bet will expire after 7 days • Deposit restrictions apply • Full T&Cs apply • 18+

KYC and Age Verification – Why Do Betting Sites Need My ID?

It doesn’t matter if you’ve decided what payment method you’re going to use and want to just hurry up with it all, register with a sports betting site and make your first deposit. That won’t happen as easy as it used to due to the new security measures in place.

Know Your Customer (KYC) has always been in place, but new regulations have led to a lot of online betting sites asking for you to verify your account before you even make a deposit. Previously you’d only ever be asked to confirm your ID once you tried to withdraw.

Now, a lot of new punters kick up a fuss when they have to go through the KYC verification process, especially if they’ve won a lot of money, as they think the bookmaker is trying to prevent them from winning. That’s simply not true. In fact, you can’t be further from the truth here as they are actually protecting you and themselves from money laundering and ID fraud. They have your best interests at heart.

What is Age Verification?

To put it simply, age verification is where an online betting site has measures in place in order to verify who you are and how old you are. If you are 17 and try to sign up with a bookmaker, the checks they have in place will make it impossible for you, even if you lie. If there’s any doubt, which will flag up in their system, then you’ll be required to send a passport or some sort of photographic ID to confirm your age.

What is Anti Money Laundering (AML)?

AML in betting terms is a measure put in place by bookmakers to ensure your money is legit, safe, and secure. AML policies are present in just about every business that handles money, so it’s no surprise to see these checks in place with online betting sites. Essentially, it keeps the online betting industry clean, fair and safe.

The Best Payment Methods for Betting – An Abundance of Choice for UK Punters

There really are plenty of online betting payment options for UK bettors to choose from. You don’t have to stick to just a debit card or a credit, you can dip your toes into the waters of e-wallet payments if you wish. Punters love betting with PayPal for example. Betting with Neteller is also a popular choice.

With all of the information above, you should be able to make an informed decision about which payment methods for betting are the best for you. Just remember not to get frustrated with any ID checks. All betting sites go through ID verification checks. It’s worth it as the main aim is to keep your online payments safe and secure.

Bookie Bonus Play
Betway Review Betway Review £30 Matched Deposit Bonus Visit
Min deposit is £10 • Max bonus is £30 • Min odds of 3/4 (1.75) for single bets • Min odds of 2/5 (1.40) for each-way and system bets • 1x wagering to unlock free bet • Deposit restrictions apply • Free bet will expire after 7 days • Full T&C's apply • 18+

Best Online Betting Payment Methods FAQs

It depends on the online betting site you use. All deposits should be instant and free. If they're not, move to another bookmaker. Withdrawals, on the other hand, may incur a fee. A small percentage usually. Make sure you understand these payment rules at your chosen bookie before committing.

You can in the sense that if you use an e-wallet your online betting deposit or withdrawal will show up on your bank statement as PayPal or Neteller rather than a gambling site. This is very beneficial when going for a mortgage or having credit checks.

There are always pros and cons for using one payment method compared to the other. PayPal is extremely popular and generally considered to best one of the best payment options for bettors in the UK, so we'd push for you to choose this e-wallet if you haven't made your mind up. You can't got wrong with PayPal.