Payment Methods for online betting

Learn about the payment methods offered by betting sites

Payment methods at betting sites

When it comes to choosing an online betting site, one of the biggest factors among punters is what payment methods each bookmaker offers. Why? Because there are a lot of great bookies that punters are willing to consider. But not that many payment methods.

However, more and more payment options are coming into existence and nowadays quite a few are available at the online betting sites. Especially at the more experienced ones.

This page serves as an overview of the most popular and, in our opinion, best payment methods on offer for online betting in the UK.

The payment methods can be divided into four main categories. Cards, e-wallets, bank transfers and others. “Others” include the likes of mobile payments or crypto currencies, i.e payment options that are growing, but not yet used to a large extent.

Payment methods for online betting: Overview

Card payment

Paypal

Neteller

Skrill

Apple Pay

Google Pay

Frequently asked questions about payment methods for online betting

Here follow some of the most frequently asked questions about online betting sites and payment options.

🥇 What is the best payment method on betting sites?

This depends on what you want from your transactions.

If you want ease of transaction then using your Visa/Mastercard could be your best option.

If you would prefer not to share your bank details, then Skrill or Neteller could be the best way to carry out a secure and speedy transaction.

If you are looking for mobile payments, Google Pay for Android or Apple Pay for iPhone are great, fast options.

💡 What is the fastest payment method on betting sites?

Payments with debit cards are usually very fast and widely accepted by bookies. However, if you have Apple Pay or Google Pay set up on your mobile device, it will probably be even faster.

We recommend betting sites with Apple Pay or Google Pay, but please note that you will probably need to withdraw via bank transfer if depositing via these methods.

✅ Which betting sites have the most payment options?

Most of the top bookmakers have a wide range of banking methods available. The following bookies are a great place to start:

🔑 Which payment method is the most secure?

If it is a reputable betting site that you are using, then any payment method they offer should be reliable. However, bank transfers are considered the most secure. The downside is that it often is a slow process to both deposit and withdraw through bank wire.

❓ Can I claim the sign up offer with any payment method?

Unfortunately, you can't. You will probably need to use your debit card, or in some cases PayPal will also be allowed.

This has to do with "know your customer" (KYC) regulations. A bookie must be reassured that there is a real person behind the money they handle. There have been a lot of bonus schemes from syndicates by using for example e-wallets. Therefore, e-wallets are not (in general) allowed as valid payment methods for the sign up offer. Be sure to check that your preferred payment method makes you eligible for the sign up offer.

💰 How do I withdraw money from betting sites?

You'll usually need to withdraw using the same method you deposited with. If this isn't possible, you can request a bank transfer.

Betting sites with the best payment methods

Betway: Top international choice

£10 Free Bet

Betway is an international bookmaker with a lot of options for deposits and withdrawals. In the UK, you can use a range of cards and eWallets, and in terms of the total options for all countries, there are not many bookies that beat Betway.

Claim £10 offer

New UK customers only. £10 Min Deposit. 100% matched free bet on your first deposit of £10. 1 x wagering at odds of 1.75+ to unlock Free Bets. Debit Card & Paypal deposits only. This offer is valid for 7 days from your new account being registered. Full Terms apply. 18+. BeGambleAware.org. Bet The Responsible Way.

Betway review

Betfair: Top UK choice

£20 Risk Free Bet

Betfair is a great option, no matter which payment option you prefer. All the classic methods are available, and also modern e-wallets such as Skrill and Neteller, plus prepaid cards like Paysafecard. The quickest option is perhaps Apple Pay, which you can do from your iOS device.

Claim £20 offer

New customers only. Min odds 1/5 (1.2). If you place a multiple at least one selection must meet the min odds requirement. Max £20 refund. Payment restrictions apply. Qualifying bet must be placed and settled within 30 days of account opening. T&Cs apply.

Betfair review

Card payments

There was a big update regarding payments for online betting in April of 2020, when the United Kingdom imposed a ban on credit card deposits at online betting sites. The reason being that a lot of problem gamblers were using credit cards to fund their betting account.

Gambling addiction

Gambling addiction should be taken seriously. If you have any worries about your gambling, please get in touch with BeGambleAware where you can find free, confidential help.

However, debit cards are still valid payment methods and remain the most popular way of funding online betting accounts.

There are several reasons for this, but the most obvious is that next to all people have a debit card.

Pros and cons of debit card payments

There are several good reasons for why debit cards is the most widely used payment method for online betting.

Pros

Deposits are instant
Eligible for sign up offers
Easy to withdraw money

Cons

Punters have to share their card details with the bookmaker

Instant Withdrawal Betting Sites

6 November 2020

You can get immediate access to your winnings on some betting sites, while various other bookies are also offering new and improved fast payouts. Read more

Betting sites that accept VISA/Mastercard

20 May 2020

Deposits and withdrawals with debit cards, such as VISA or Mastercard, is the most popular payment method for online betting. There are many reasons for it, as you will learn in ... Read more

E-Wallets

The most options punters will find when it comes to payment methods, lies with e-wallets. The most well-known option is Paypal, but there are also betting-geared options such as Skrill or Neteller, as well as big brand options such as Apple Pay or Google Pay.

The general advantage of e-wallets is that they gather all your funds in one place, as an online version of your physical wallet. Instead of using your debit card for your online purchases (clothes, electronics, betting etc), and sharing card details, you only need to share your card details with the company behind the e-wallet. Logically, it is therefore more secure.

Pros and cons of e-wallet payments

E-wallets are very popular for deposits and withdrawals at online betting sites, as many consider the pros to outweigh the cons.

Pros

Instant deposits
No need to share bank details with bookie
Fast and easy to withdraw funds

Cons

Not eligible for sign up offers (in general)

Paypal for online betting

Paypal is one of the most preferred e-wallets on the betting market. The reason for it is that Paypal is a well respected, secure option and it is also possible to claim the welcome offer with Paypal deposits. At least in almost all cases. This is not the case with many other e-wallets.

Main advantage: Considered the most secure, reliable e-wallet.
Main disadvantage: Not the fastest deposits and withdrawals.

Neteller for online betting

Neteller is a digital payment service that works very much like a wallet. With a Neteller e-wallet you can save and spend money online. It is a very tried and tested payment method within the online betting community.

To spend money with Neteller on betting sites, you will simply need to upload money into your e-wallet from your bank and then chose Neteller as a payment option with the betting site.

Main advantage: Integrity, as you don't have to share bank details with bookmakers.
Main disadvantage: Not eligible for sign up offers.

Recommended Neteller betting site

Neteller payments at Coral

Bet £5 Get £20 in Free bets

There are a lot of betting sites that accept Neteller as a valid payment method. However, terms and conditions might differ a bit among them. At Coral, the minimum deposit requirement is the lowest, and in combination with withdrawals within 24 hours, they are our top choice for Neteller payments.

Claim £20 offer

18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply.

Coral review

Use Boku with Neteller

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Skrill for online betting

Skrill is a similar service to Neteller in that it is an online digital wallet. You simply select what currency you will deposit with, along with some basic personal details and you will have set up your Skrill account.

Like Neteller, it is a very well trusted payment service within the betting world.

Main advantage: Widely accepted among bookies.
Main disadvantage: No sign up offers.

Recommended Skrill betting site

Skrill payments at Paddy Power

£20 Risk Free Bet
Plus a £5 Bet Builder free bet!

Paddy Power is one of the most recognized bookies in the UK. When it comes to Skrill deposits, Paddy Power also offer its customers good services with a low minimum deposit and among the fastest payout to the e-wallet.

Claim £20 offer

New customers only. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund is £20. Only deposits made using Cards or Apple Pay will qualify. £5 Bet Builder free bet will be available to claim from the promotions hub after the qualifying bet has been settled & will be valid for 7 days. T&Cs apply.

Paddy Power review

Apple Pay for online betting

Apple Pay is a deposit option that has really exploded in the past years. Similar to other e-wallets, its simplicity, especially on the mobile device is what makes it a great option for punters looking to deposit at online betting sites.

Unfortunately, Apple Pay is only available for Apple users and does not allow for withdrawals.

Main advantage: Probably the fastest option for payments.
Main disadvantage: Does not support withdrawals.

Recommended Apple Pay betting site

Apple pay deposits at Betfair

£20 Risk Free Bet

There are not that many betting sites that offer Apple Pay yet. However, among the ones that do there is really no one that stands out when it comes to minimum deposits or other factors.

However, we like Betfair as a general option, and Betfair do allow deposits with Apple Pay. Therefore, our main recommended betting site for Apple Pay deposits is Betfair.

Claim £20 offer

Betfair review

Google Pay for online betting

Google Pay is the latest payment option for Android users at online betting sites. It is very simple to use, and probably the fastest one for Android users.

Main advantage: Probably the fastest option for payments on Android phones.
Main disadvantage: Does not support withdrawals.

Recommended Google Pay betting site

Google Pay at Bet365

100% up to £100 in bet credits

At the time of writing, only Bet365 offer Google Pay. In time, we are sure more bookies will follow. But seeing as Bet365 is the world's top betting site, and offer Google Pay, recommending them is a no brainer.

Claim £100 offer

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.

Bet365 review

Bank Transfer

Bank transfers, also known as bank wires, are simply a way of sending your money from your bank to a betting company.

In theory, this is the simplest way of doing business as there is no middle-man transferring the payment for you. The bank will simply check that you have the money and send it.

Pros and cons of bank transfers

Pros

It's simple and straightforward
It is a secure option
Bigger deposits and withdrawals available

Disadvantages

Processing Time

In some countries the process of bank transfers has been very much improved because of third-party services such as Trustly. But in the UK the bank payment remain fairly slow. That is, however, the only real downside of bank transfers for online betting.

On the other hand, the main advantage with bank transfers are that they are very secure. Probably the most secure option available to UK punters.

Adding to that, if you are a punter who likes to gamble with bigger amounts, bank transfers might be your cup of tea. The maximum amounts for deposits and withdrawals are larger compared to other methods because of the security bank transfers bring.

Recommended bank transfer betting site

Paddy Power bank transfer

£20 Risk Free Bet
Plus a £5 Bet Builder free bet!

Paddy Power is a well-known UK bookie with several good payment options. For bank transfers, we recommend Paddy Power over other bookies because of its low minimum deposit of £5, (relatively) fast withdrawals and "faster payments service" bank transfer which makes deposits quicker than normal.

Claim £20 offer

Paddy Power review

Best Betting Bonuses

18+ | begambleaware | Commercial Content | T&Cs Apply

888sport
100% up to £100
Claim
£/$/€10 min deposit using promo code “TOP100” - The bonus will be applied once the full deposit amount has been wagered at least twice with cumulative odds of 1.5 or greater. Wagering must be cleared within 60 days. This offer may not be combined with any other offer. Withdrawal, payment methods and country restrictions, and Full T&C’s apply
Betway
£10 Free Bet
Claim
New UK customers only. £10 Min Deposit. 100% matched free bet on your first deposit of £10. 1 x wagering at odds of 1.75+ to unlock Free Bets. Debit Card & Paypal deposits only. This offer is valid for 7 days from your new account being registered. Full Terms apply. 18+. BeGambleAware.org. Bet The Responsible Way.
Betfair
£20 Risk Free Bet
Claim
New customers only. Min odds 1/5 (1.2). If you place a multiple at least one selection must meet the min odds requirement. Max £20 refund. Payment restrictions apply. Qualifying bet must be placed and settled within 30 days of account opening. T&Cs apply.
Mr Play
Bet £10 Get £15 Free Bet
Claim
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit: £10, max £15 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets not eligible.
Kwiff
Bet £10 Get a £20 Surprise Bet
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New customers & 18+ only. Min. deposit of £10. Qualifying real money bet of £10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer credited within 48 hours. Additional T&Cs apply. Please gamble responsibly.
BetUK
Bet £10 Get £30 in Free Bets
Claim
Full T&C’s Apply. New customers on mobile only. 7 days to claim and stake £10 minimum bet at odds of 1.5 or greater to qualify. Free, void, cashed out or partially cashed out bets do not qualify. Max 3x £10 free bets credited on bet settlement. Free bets must be used on 4 or more selections with selection odds of 1.3 or greater. Free bets are non-withdrawable and stake not returned with winnings. 7 day expiry.
Spreadex
Bet £10 Get £30
+ Best Odds On All PL Matches
Claim
Join and place a £10 fixed odds bet at odds of 1/2 or greater. Once the bet is settled, get a £10 free fixed odds bet plus a £5 free Total Goals football spread bet. The second £10 free fixed odds bet and second £5 free Total Goals football spread bet will be credited 24 hours later. Free bet stakes not included in any winnings from the free fixed odds bets. You need to open a full sports spread betting account to use the 2 x £5 free Total Goals football spread bets. Free bets expire in 28 days if unused. See full ts&cs. 18+ begambleaware.org
Paddy Power
£20 Risk Free Bet
Plus a £5 Bet Builder free bet!
Claim
New customers only. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund is £20. Only deposits made using Cards or Apple Pay will qualify. £5 Bet Builder free bet will be available to claim from the promotions hub after the qualifying bet has been settled & will be valid for 7 days. T&Cs apply.
Betfred
Bet £10 Get £30
Plus 30 Free Spins!
Claim
New UK & NI customers only. Promo code SPORTS60. Deposit and place first sports bet of £10+ in one transaction, at odds of Evens (2.0)+, settled within 7 days of registration. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement. 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 30 Free Spins on Blue Wizard at £0.10 per spin. 7-day expiry. Full T&Cs apply.
Bet365
100% up to £100 in bet credits
Claim
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.
Parimatch
Bet £5 Get £30
Claim
New Customers opt in, bet £5 & get 2x £10 Free Bets for set events (odds 2.00+) + £10, Slots Bonus, selected games, 20x wagering to withdraw max £250. Bonuses expire in 7 days. Card Payments only. Additional terms for existing BetVictor customers apply. T&Cs Apply, see below. 18+ | begambleaware.org | Please gamble responsibly
SBK
Deposit £20 Get £20 Risk-Free
Claim
New customers only. Deposit £20 using Debit Card, bank transfer or Trustly. Up to your first £20 of losses will be refunded as CASH within 24 hours of qualifying bet having been settled. T&Cs apply.
STS
Up to £50 Welcome Bonus
Claim
18+. New depositing STSbet.co.uk customers only. Promotion valid from 08/06/2021 until further notice. First deposit min. £20. Wager min. £100 on any sportsbook-related markets, single or accumulator bets, pre-match or in-play, with min. odds of 4/5. £5 cash for each £100 wagered. Up to £50 cash in total. Deposit method restrictions apply. Full T&Cs apply. BeGambleAware.org
Mansionbet
Bet £10 Get £20 in Free Bets
Claim
New customers only, min deposit and bet £10 (£20 if E/W bet) from UK Debit card only. Paypal not accepted. Min odds evens (1/5 per multi selection). 2 x £10 Free Bets valid for 7 days, stake not returned, no cash out. T&Cs apply.
BetVictor
Bet £5 Get £30
Claim
18+ New Customers only. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days.  Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. PayPal and Card Payments only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly.
Fansbet
Bet £10 Get £10
+ 50 Free Spins!
Claim
New customer offer; Place first £10 bet on sports with 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spins credited after the qualifying bet has settled; Free Multiple Bet must contain 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spin stakes not returned; No wagering requirements on winnings; £200 max win; T&C’s apply; 18+
Ladbrokes
Bet £5 Get £20 in Free bets
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18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min €5 bet within 14 days of account reg at min odds 1/2 = 4 x €5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.
Coral
Bet £5 Get £20 in Free bets
Claim
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply.
Bwin
£20 Backup Bet
Claim
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/2 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | T&Cs apply
William Hill
Bet £10 Get £30 in Free Bets
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New customers who register, deposit & bet via Mobile only, min £10 stake, win only, min odds 1/2, free bets credited as 2 X £15 (30 day expiry), free bet/player/payment method/country restrictions apply.