Top Online Betting Payment Methods – Best Deposit & Withdrawal Options for 2025
It is vitally important to choose the right betting payment method when using the best sportsbooks to avoid unnecessary delays and possible fraud. The security, speed and ease of access for your deposits should serve as your guiding light, but to make this process easier, we have unpacked this all for you.
Most Popular Betting Payment Methods of 2025
Whilst all betting payment methods might be equal, some are arguably more equal than others – at least this is according to George Orwell.
Visa (Debit & Credit Card)
One of the most widely accepted payment methods with regard to online betting. Their global reach, security features and trusted convenience make Visa a popular choice among bettors.
Their deposits are typically instant and allow players to instantly access their funds. Payout times vary among bookmakers, but as a rule of thumb, they reflect within five business days.
Given their universal nature, most bookmakers accept Visa payments and typically do not charge any carrier fees.
Pros
- Universal acceptance
- Instant deposits
- Excellent security features
Cons
- Withdrawal delays
- Cash advance charges – typically on credit card payments
MasterCard (Debit & Credit Card)
Given its speed, security and convenience, MasterCard is another widely accepted method of payment among online casinos and bookmakers. The only downside to this platform is the inability to withdraw funds easily. Bettors will usually require a bank transfer or e-wallet facility to realize their winnings.
Where withdrawals are permitted, they typically take around one to five business days to clear. With that being said, many MasterCard merchants require a verification of sorts to complete a transaction – which typically adds an extra layer of security for punters.
Pros
- Instant deposits
- Widespread acceptance
- Very high security
Cons
- Withdrawal restrictions
- Potential fees
- Region-based restrictions
American Express (AMEX)
A premium credit card known for its high security and engaging rewards programs. The only concern with the American Express platform is the fact that it is less commonly accepted when compared to its competitors.
AMEX are known for their strict gambling policies, higher merchant fees and regional restrictions in the United States and part of Europe and as a result, often lose customers to VISA or MasterCard.
The balancing act players are required to entertain then is the fact that while their deposit limits are set really high, the platform is rarely supported and as a result, don’t allow for simple or easy withdrawals.
Pros
- Fast and secure deposit
- High deposit limit
- Rewards and cashback options
Cons
- Limited acceptance
- No withdrawals
- Potential extra fees
PayPal
Given that they are an e-Wallet facility, bettors are able to deposit and withdraw funds without sharing any sort of banking details with PayPal betting sites. Their trustworthiness and player protection features have seen the facility accepted by bookmakers around the globe.
Their deposits reflect immediately and even their withdrawals are completed within a 24-hour window. Insofar as fees are concerned, the only consideration for punters are the fees associated with currency conversion.
Pros
- Instant deposits and withdrawals
- Incredible security
- Widely accepted
Cons
- Small fees are often incurred
- Not available in all regions
Skrill
Often considered the crème de la crème, Skrill is very similar to PayPal, but is a gambling payment method associated with the so-called big players. They boast the quickest withdrawals among e-Wallets and given their gambling associated – they are accepted in almost every corner of the globe.
Pros
- Fast and secure transactions
- Incredibly high deposit limits
- Widely accepted within the gambling community
Cons
- Often excluded from gambling bonuses
- Withdrawal fees are often charged for big amounts
Apple Pay
This feature allows users to make instant betting deposits through their iPhone, iPad or Mac. Granted, this is a one-way payment method – meaning they do not currently support withdrawals, but given its ease and convenience, it has become incredibly popular.
You might suggest that given its exclusivity they cannot accommodate a larger market – but alongside the popularity of Apple as a product, their payment method makes mobile betting incredibly easy.
Pros
- Instant deposits
- Excellent for mobile betting
Cons
- No withdrawal option
- Limited acceptance by online casinos and bookmakers
Google Pay
Simply put, Google pay essentially functions similarly to Apple Pay – but is available to Android users. The Android version seems to enjoy a better support from betting sites as well as many banks.
Pros
- Fast and secure payments
- No extra fees applied for usage
Cons
- No withdrawals
- Exclusive to Android users
Revolut
An excellent payment option – Revolut offers seamless currency conversion and fast transactions for betting purposes. Accessible around the globe, the payment method makes multi-currency betting safe and easy to use.
Granted, it isn’t accepted with all bookmakers, but given its growing popularity it has become a hit with players.
Pros
- Instant deposits
- Strong security features
- Multi-currency betting
Cons
- Not accepted with all bookmakers
- Fees are charged for some deposits
Crypto Betting payments
Bitcoin and other cryptocurrencies are increasing in popularity and have now broken into the betting arena. Betting with cryptocurrency has become a popular choice among bettors who enjoy the anonymity and speed it offers.
Another point of difference for crypto users includes the fact that there is no banking restrictions associated with the payments being made.
Pros
- Speedy and anonymous transactions
- Very little fees
Cons
- Not widely accepted by all bookmakers
- There is an inherent volatility associated with crypto payments
Prepaid Cards & Vouchers (Paysafecard, Neosurf, Astropay)
These are methods which also allow for anonymous deposits and as a result continued to find traction with bettors.
Acting almost independently of the mainstream banking system, they require no bank details or third-party involvement.
Pros
- Instant deposits
- No bank reliance for transactions
Cons
- No withdrawals
- Lower transaction limits
Cheque
Obviously, there is no longer an option to make a deposit by using a cheque option, however, some betting sites still offer cheques as a withdrawal method mainly for very large cashouts.
They might seem a little archaic – but cheque’s seemingly have fought hard to remain relevant in our modern society.
Pros
- Good option for major withdrawals
- Very secure
Cons
- Slow processing
- Not widely used anymore
How to Choose Reliable Payment Methods for Betting
When considering your ideal payment method, we suggest the following for betting suggestions.
The speed of the transaction refers to how long deposits take to reflect compared to the withdrawal turnaround time. Consider your security, make use of options with a two-factor authentication and fraud protection.
There are instances where processing fees apply, make sure to minimize these as far as possible. Many sites also articulate minimum and maximum limits – consider payment options which align with your betting habits.
Your geographical location often plays a role insofar as payment availability is concerned. This also affects various promotions and ease of use for bettors. Ideally you want to make use of an option which is most convenient for your needs and location.
Betting Sites Accepting the Widest Range of Payment Methods
Betting sites which offer multiple payment options are usually better than those which offer a finite list. These are some sites which offer a diversified approach for betting payment methods.
Key Features
- Support:
- Licenses: Curaçao
1xBet offers a diverse array of payment methods for punters. Among them include bank cards, e-wallets, internet banking and cryptocurrencies. They do not charge deposit fees and have excellent turnaround times. Deposits are instant and withdrawals take no more than two days.
Their hassle-free approach to payment options has endeared them to many players around the world. Their multi-faceted options make for ease and convenience alongside easy interaction between the players and betting site.
So, whilst they might not boast a niche style of payment options, they provide a simple and professional payment experience.
Their global payment options allow for them to become relatable in various geographical locations whilst also ensuring the customer is comfortable and interacting with a platform relevant to their home country.
Pros
Cons
#Ad• 18+• 1st time depositor• Bonus linked to size of deposit• Valid for 30 days• 5x wagering• Must wager on accumulators• Withdrawal restrictions
Key Features
- Support:
- Licenses: Curaçao
An online betting option which is largely associated with cryptocurrency such as Bitcoin, Ethereum and Binance Coin. The site also enjoys many e-wallets with a flexible and convenient transaction option.
Given its popularity with many online options, 888Starz also offers more than 50 banking options and supports more traditional methods like VISA and MasterCard.
It is clear that this platform prioritizes swift processing times for their transactions while also reducing delays with respect to their players’ winnings.
A neat design and robust security enhancements make the entire engagement swift and easy without compromising on the professional look and feel of the online site.
Their commitment to efficiency will no doubt strike a chord with players from all over the world. Simple and sleek – just the way we like it.
Pros
Cons
#Ad• 18+• Full terms and conditions apply
Betting Site Account Verification & KYC
As a point of departure, KYC stands for “know your customer”. Many safe betting sites ensure their sites promote security, compliance and responsible gambling.
So, why is KYC important:
- Fraud prevention
- Responsible gambling
- Secure transactions
What does it involve?
- Identity verification
- Payment verification
How does this affect users?
- One-time process
- Processing time
- Privacy considerations
Why Do Betting Sites Require KYC?
Verification is simply a crucial requirement for online betting sites. Not only does this ensure legal compliance, it also adds to fraud prevention through proper checks and balances.
Steps to Complete Betting Account Verification
- 1
Register on the betting site of your choice. Always provide accurate personal details.
- 2
Submit the required documents. For this step, the only essential documents are a valid passport or identity document as well as a utility bill or bank statement.
- 3
Wait approval by the betting site. Verification usually takes around a few hours – and in certain cases a few days.
How to Make a Deposit with Online Betting Sites
This is a step-by-step process for making a deposit and will usually be able to be applied to all online betting sites.
Once your account is verified, follow these steps to make a deposit:
Visit the banking/payment page to select your ideal payment method.
Where necessary, add all of the relevant card or banking information
Follow the necessary instructions and complete your deposit
Add the amount you would like to deposit
Check your betting account for an updated balance and if this hasn’t occurred, contact customer support immediately.
How to Withdraw Your Winnings from Gambling Sites?
In many instances, this will vary from deposit methods and from different online betting sites.
Identify which online betting payment methods are available
Select an alternative payment option if the method for deposit is not available for withdrawal
Add the amount you wish to withdraw
Ensure you have any paperwork the betting site has communicated you might need.
Top Mobile Betting App Payment Methods
There is a duplicity of payment methods available to bettors. Options like Apple Pay has begun to dominate the mobile payment options, but there are many options which punters may make use of.
Many options have their own apps for customers to make use of, but the process to follow is somewhat simple. Make use of your preferred choice, complete the necessary details and make use of the option on the mobile betting apps.
Bridging the Gap Between Retail & Online Betting Payments
This is quite an interesting point for bettors. Traditionally, physical stores will no doubt be preferred by conservative or traditional users while the modern punter might opt for an online option.
Many bookmakers will offer a hybrid system between retail stores and online options within the store. Good examples include Ladbrokes Grid and William Hill Plus Card.
Linked betting accounts – through the hybrid system – allow for users to track in-store bets online, which will inevitably assist with bankroll management. You are able to deposit and withdraw seamlessly between the platforms and you would be able to locate nearby betting shops using the associated apps.
Betting Bonuses for Specific Payment Methods – Do They Exist?
There are a few bookmakers who offer exclusive bonuses for using specific payment methods. That is to say, customers who use payment methods like Skrill and Crypto might receive a betting bonus percentage linked to their deposit.
Other examples include deposit matches or risk-free bets for making use of these payment methods.
As always, check the terms and conditions, including the minimum deposit, wagering requirements and bonus expiry dates to avoid unnecessary frustration or disappointment.
So, does it exist? Of course it does!
Final Thoughts – The Best Payment Method for You?
Our key takeaways suggest that verification is essential. Not only is it necessary for legal compliance it also speaks to fraud prevention. Users should consider the wide range of payment methods which is available.
E-wallets take the cake for us. Their speed, security and ease of use on any platform put them leaps and bounds ahead of their competitive alternate options.
FAQs
Yes, they are. Especially after their stringent verification requirements.
Safety, speed and excellent customer support.
Make use of options which are not reliant on bank accounts. These include crypto or e-wallets.
You might have outstanding documentation or have incomplete verification steps.
Yes, they are. They have guaranteed compliance and have formed a part of the mainstream requirements in society.
No, often mobile payment options are one-way options.