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Payment Methods for Online Betting

An overview of all the best and most popular payment methods offered by betting sites

Payment Methods for Online Betting Sites

There are a multitude of ways to pay into an online betting site these days, and it can certainly be confusing to figure out all the different payment methods, and what the best choice is.

We're here to help. And to simplify the process of getting you going, we've divided the possible payment methods into a few categories - cards, e-wallets, bank transfers, and cash.

Online Betting Payment Methods Frequently Asked Questions

Sifting through the mire of information about payment methods is daunting, but here are some of the most commonly asked questions about payment options for betting sites

🏆 What is the best payment method for betting sites?

This really depends on what you value most, and if you're talking about deposits or withdrawals!

Generally the easiest and most common ways to get money into your account are card payments.

If you don't like giving out your card details, an e-wallet like PayPal or Skrill are great options for withdrawals as well, and PayPal is featured on almost all the sites we review!

Mobile payments are also a convenient and fast option, but they are rather limited on the sites, and don't usually allow withdrawals.

💵 How do I withdraw money from betting sites?

Most of the time you can withdraw funds using the same method as withdrawal, generally through a bank transfer if you deposited with a card. E-wallets like PayPal are great option for both deposits and withdrawals to keep everything in one place!

🎁 What betting sites accept visa gift cards?

None, unfortunately.

Before online sports betting became legalised in the US, prepaid gift cards were a great way to add funds to an offshore betting account, but the legit and licensed betting sites don't offer this as a payment method.

Why? The licensing regulations of US gambling boards require a bit more transparency and regulation when it comes to money, so all the above board sites we review need payment methods to be linked to the individual.

💳 Can I gamble with a credit card?

Yes! Most online betting sites accept card payments, though you will need to use a different method to withdraw funds.

🔐 Which payment method is the most secure?

We only review legit and reputable betting sites at bookiesbonuses, so any payment method should be reliable and secure. However, the general consensus is that bank transfers are the safest if you don't feel comfortable with having a middle man e-wallet service like PayPal, and you're ok with a slow processing time.

💥 Can I claim welcome offers with any payment method?

No, there are some restrictions from each betting site about what payment methods you can use.

Generally a card payment for your initial deposit will be absolutely fine, but services like e-wallets or mobile payments won't always be accepted for the first payment used to secure that juicy bonus.

Betting Sites with the Best Payment Methods

FanDuel Sportsbook

Most Payment Methods
  • No minimum withdrawal for most methods
  • Great promos & betting options
  • Stellar iOS and Android apps
  • Slower customer service
Sign Up Bonus
$1000 No Sweat First Bet
Claim Go to website

AZ/CO/CT/IL/IN/IA/KS/LA/MI/NJ/NY/PA/TN/VA/WV only.

Website: sportsbook.fanduel.comFounded: 2009
Owner: Flutter Entertainment plcHeadquarters: New York City
Fan Duel Sportsbook
Fan Duel Sportsbook App
Fan Duel Casino

Overall Rating

Author: Mason Kelliher Mason Kelliher

Often compared to the DraftKings Sportsbook - the other big US betting site that started with fantasy sports - we think that the FanDuel Sportsbook is slightly better because they have one of the best betting apps on the market, plenty of daily promos and boosts, and a ton of betting options, many of which are eligible for same game parlays and cash out. Overall, FanDuel is certainly one of the biggest and best foreign-owned betting sites in the USA.

The FanDuel Online Sportsbook & App are legal in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, and West Virginia.

Read full review

Caesars Sportsbook

PayPal Friendly
  • PayPal and Skrill friendly
  • Great offers and daily bonuses
  • Sleek and easy to use app
  • $20 Minimum deposit & withdrawal
Sign Up Bonus
Up To $1,250 On Caesars
Claim Go to website

AZ/CO/IN/IA/IL/KS/LA/MI/NJ/PA/TN/VA/WY/WV only.

Website: williamhill.com/usFounded: 1996
Owner: Caesars Entertainment, Inc.Headquarters: Reno, Nevada, U.S.
Caesars Sportsbook home
Caesats Sportsbook live
Caesars Sportsbook app

Overall Rating

Author: Ben Smith Ben Smith

Caesars Sportsbook is a rebranded version of William Hill, which is one of the oldest bookmakers in the world. With a history dating back to 1934, the company has established itself in the UK with its high-street offering and more recently the online betting site which is now expanding into new markets. In 2021, William Hill was acquired by Caesars, and a rebrand was completed in August of that year.

The Caesars Sportsbook & App are legal in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Nevada, New Jersey, New York, Tennessee, Virginia, Washington D.C., Wyoming, and West Virginia.

Read full review

BetMGM

Great Offers
  • Many promos including weekly free bet
  • PayPal & Skrill deposits and withdrawals
  • Stellar same game parlay options
  • $20 minimum withdrawal
Sign Up Bonus
$1000 Risk Free Bet
Claim Go to website

AZ/CO/DC/IL/IN/IA/KS/LA/MI/MS/NV/NJ/NY/ OR/PA/TN/VA/WV/WY only.

Website: betmgm.comFounded: 2018
Owner: MGM Resorts InternationalHeadquarters: Paradise, Nevada
Betmgm home
Betmgm app
Betmgm live

Overall Rating

Author: Ben Smith Ben Smith

BetMGM is the online gaming platform of one of the most recognizable American hospitality and entertainment companies, MGM Resorts. The site was created in collaboration with Entain (formerly GVC Holdings), which is the owner of top European betting sites such as Coral, Ladbrokes, and Bwin. With Jamie Foxx as the face of the brand, BetMGM is serious about being one of the biggest betting sites in the US, and there is no doubt that its app, betting markets, and features make it a world-class operator.

The BetMGM Online Sportsbook & App are legal in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia, and Wyoming.

Read full review

Unibet

  • Many non-US sport betting options
  • $10 minimum deposit & withdrawals
  • Live betting stats & play-by-play graphics
  • First withdrawal can be slow
Sign Up Bonus
$500 Risk Free Bet
Claim Go to website

$500 in PA/VA only. $250 in AZ/IA/IN/NJ.

Website: az.unibet.com, ia.unibet.com, in.unibet.com, nj.unibet.com, pa.unibet.com, va.unibet.comFounded: 1997
Owner: Kindred GroupHeadquarters: New York City
Unibet Sportsbook
Unibet App
Unibet Casino

Overall Rating

Author: Ben Smith Ben Smith

Since launching in Europe in 1999, the Unibet Sportsbook has gone from strength to strength & is now widely regarded as one of the best & most innovative betting sites in the world. Unibet’s key strengths are its usability, range of bets, generous promotions, live betting options, & expert betting tips. With a transparent support team & controls to promote safe & responsible gambling, Unibet is undeniably one of the best sportsbooks for Americans.

The Unibet Sportsbook & App are legal in Arizona, Indiana, Iowa, New Jersey, Pennsylvania & Virginia.

Read full review

PointsBet

  • Best odds for NBA, NHL & MLB
  • Huge variety of betting options
  • Low deposit and withdrawal amount
  • Online casino only in MI & NJ
Sign Up Bonus
2 Risk Free Bets up to $2000
Claim Go to website

CO/IL/IN/IA/KS/MI/NJ/NY/PA/VA/WV only.

Website: pointsbet.comFounded: 2017
Owner: Pointsbet Holdings LtdHeadquarters: Denver, CO
Points Bet Sportsbook
Points Bet App
Points Betting

Overall Rating

Author: Mason Kelliher Mason Kelliher

As one of the fastest-growing betting sites in the world, PointsBet boasts the best odds for US Pro Sports, unique ‘Points Betting’ & ‘Name-a-Bet’ options as well as daily free bet & boosted odds offers. With many different ways to bet, a super simple betting app, & additional features like parlay betting, cash out & live betting, PointsBet is perfect for beginners & more experienced bettors.

The PointsBet Online Sportsbook & App are legal in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, New Jersey, New York, Pennsylvania, Virginia & West Virginia.

Read full review

Card Payments - Sports Betting with a Credit Card

Card Payment bookies graphic

Accepted everywhere - there are several major card companies you can use to deposit

Without a doubt one of the most widely used payment methods for getting funds onto your betting account. Using a Visa, Mastercard, Amex, or one of the other nationwide cards is almost always a safe bet on most betting sites, mainly because almost everyone has some plastic in their wallet!

Pros and Cons of Card Payments

There are lots of good reasons to opt for a simple deposit with your card, but unfortunately nothing is perfect, and there are some negatives to keep in mind when typing in that insanely long number.

Card Payment pros and cons

Card Payments - pros & cons

Obviously the only real negative to card payments on betting sites is the requirement for a different withdrawal method. But there are usually a few options for withdrawals of each betting site, at the very least a bank transfer. So if you're ok with slinging your card number in and getting your winnings out some other way - this might be the simplest option. 

But if you want a more complete solution for deposits and withdrawals, an e-wallet might be the better choice. 

E-Wallets - the best ewallets for betting

Pay Pal x Skrill square logo

PayPal and Skrill are the two heavy hitters in the US e-wallet space, more are sure to come!

Probably the most versatile and contained payment method to access your betting funds, e-wallets have become a go-to for sports bettors across the world, with some developed solely for betting!

While it may seem like an added step to set up an e-wallet if you don't already have one, there are quite a few advantages in the long run if you're happy to take the few minutes to link a card or bank account. Namely only sharing you card or bank details with one company (the e-wallet) is inherently more secure, but it's also a great way to manage your funds in one place as most betting sites allow deposits and withdrawals through an e-wallet like PayPal. 

Pros and Cons of E-wallet Payments

As more and more betting sites start to pop up through the US, the already popular e-wallet payment methods will likely become even more accepted and mainstream because there really aren't too many downsides.

E wallet Payments pros cons

E-wallet payments - pros & cons

PayPal Betting

Certainly the largest global e-wallet, PayPal has been around for almost 20 years longer than sports betting has been legal in the USA. And it has built a reputation for safety, reliability, and ease of use. Almost all betting sites we feature on this site allow PayPal - even for claiming welcome offers - and it's fair to pay we're fans of the e-wallet for a few reasons.

What we like about PayPal

  • Secure, convenient, fast
  • The most widely accepted e-wallet for US betting sites
  • Quick deposits and withdrawals

What we don't like about PayPal

  • Extra step to link a bank account

Skrill Betting

An up and coming e-wallet in the US, Skrill has made a name for itself in the sports betting world across the pond, and we can't wait for it to be fully embraced by the US betting community. While still a somewhat limited choice for payments, more and more are allowing Skrill on betting sites

What we like about Skrill

  • Trusted payment method globally
  • Built with betting in mind

What we don't like about Skrill

  • Not widely accepted yet

Best Skrill Betting Site

Skrill Payments at Bet365

Bet $1 & get $200 in Free Bets

Bet365 is a huge global powerhouse of a sports betting site, so it comes as no surprise they're our top choice for Skrill deposits. Boasting a brilliant app, live sports streaming options, and a host of other juicy features, Bet365 is a betting site you can't go wrong with.

Claim $200 offer

New customers only. NJ & CO only.


Apple Pay Betting

A well known payment method for a lot of iPhone users, Apple Pay is a pretty common way to spend money on your shopping or some online retailers, but it hasn't made its way onto many betting sites. 

Unfortunately there isn't a whole lot to say about Apple Pay as a betting payment method, it's really just too limited at the moment. But given its swift uptake in the general retail community, our expectation is that betting sites will be looking to get that famous half eaten apple logo onto their list of accepted payment options.

Best Apple Pay Betting Site

Apple Pay Payments at BetMGM

$1000 Risk Free Bet

The online gaming platform of one of the most recognizable hospitality and entertainment companies in the US, BetMGM has taken to the online sports betting scene like a duck to water. They're not waiting around, and are pushing to be one of the biggest betting sites in America, and the quality of the product is testament to that mentality. And of course they offer Apple Pay as an option when using their platform - what's not to like?

Claim $1000 offer

AZ/CO/DC/IL/IN/IA/KS/LA/MI/MS/NV/NJ/NY/ OR/PA/TN/VA/WV/WY only.


Google Pay Betting

Google Pay is a great payment method for Android users, simple and fast - but it's just not made its way onto the sport betting stage. So if you're an adamant android user and Google Pay is your preferred e-wallet, you may need to find an alternative right now (see the numerous options on this page!). 

Of course sports betting sites will get around to offering Google Pay as a payment method, but right now that's just not the case. Make sure to check back as we will update to let you know when this changes!

Bank Transfers - a classic brick and mortar way to move money

Bank Transfers square graphic

Bank Transfers are as direct as it gets to move money, just a bit slower

Dating back to 1878, bank transfers, or wire transfers, are as basic as it gets when it comes to sending money to and from your account. No middle man, no long card numbers, and no messing around with cards just for betting sites. This is just money in and money out.

Pros and Cons of Bank Transfers

While it may seem like an old school method of sending money would be really outdated in the 21st century, that's really not the case when it comes to betting site payment methods.

Bank Transfers pros and cons

Bank Transfers - pros & cons

Clearly the are bunch or benefits to bank transfers, but this payment method for betting sites is unfortunately one of the slower options. While many betting sites have worked to speed up the process, the pretty instant transfer into your betting account isn't matched with a quick withdrawal time. 

But if security and deposit amounts are what make you tick, sending your money with a bank transfer might be the way for you, if you're ok with logging into your banking app each time and having to wait a few days for your winnings. 

Best Bank Transfer Betting Site

Bank Transfers at PointsBet

2 Risk Free Bets up to $2000

We think PointsBet is the best option for Bank Transfers, and we have a couple reasons why it eclipses some competitors in this area: low deposit and withdrawal minimum of $5, and generally offering the fastest withdrawal times - especially after your first withdrawal!

Claim $2000 offer

CO/IL/IN/IA/KS/MI/NJ/NY/PA/VA/WV only.


Cash Payments - dolla dolla bills y'all

Whoever says that cash is king might just be on to something. But since most of what we talk about here is online sports betting, I think we can rule out the royal title for this payment method. Unfortunately cash payments are not as common as you might think, given they rely on a location to deposit funds, so finding a betting site that has a physical casino attached, and actually going there is a bit much to ask. 

Because of this we can't really give too many pro cash sentiments, but if you're in the area and walking around with some cash in you pocket, it is an easy option to deposit funds. 

However, there is a way you can deposit funds with cash on some sportsbooks - PayNearMe.

PayNearMe Betting

Ten years on, PayNearMe has become a household name and processes billions each year through a bunch of payment methods. So naturally they became a pretty good option for betting sites to use as well. While not a strict 'cash' payment method, PayNearMe is a bit of a hybrid between all the payment methods we've mentioned, but they do make cash deposits much more accessible instead of being limited to casino cages in a select number of states.

Pay Near Me pros cons

PayNearMe Payments - pros & cons

You may notice we put locations as both a positive and negative - and we stand by this. While it can be annoying to physically travel to a location just to make a deposit, PayNearMe have done a great job of existing in loads of places, from 7-Elevens to CVS pharmacy, their over 31,000 nationwide locations are all easy to find.

Bettting Sites with PayNearMe

Best PayNearMe Betting Site

PayNearMe Payments at Fanduel

$1000 No Sweat First Bet

Starting off small in Scotland, Fanduel has grown immensely and merged with Paddy Power Betfair to really become one of the top betting sites in the US. And their pursuit of greatness has led them to offer excellent payment options and bonuses. So if you're wandering past a participating 7-Eleven or other retail store, and are hankering for some sports betting, Fanduel lets you deposit up to $500 with PayNearMe to get going quickly.

Claim $1000 offer

AZ/CO/CT/IL/IN/IA/KS/LA/MI/NJ/NY/PA/TN/VA/WV only.


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