The way in which we move our money about online has changed dramatically over the last 10 years or so. No longer do we need to live in fear of placing our credit or debit card details in the hands of a bookmaker, but instead be able to place our bets in total confidence that not only our details will be safe, but also our money.
It can be quite daunting to look down a list of all the banking options for some bookmakers. Bet365 for example have just an insane amount of options to choose from, but in reality there will likely only be a few deposit options that you really need.
At no point in this article are we going to tell which you should choose, as this is a highly personal choice. We just want to give you as much information as possible for you to form your own decision and basically be able to decipher the cold light of day facts about each.
As a final point we want to add a little note on how you can stay vigilant against online fraud. You may or may not have noticed that when you go to enter your details online, specifically banking information, that your web address bar will switch in what’s called a secure mode. This is represented by a padlock or an ‘S’ symbol at the end of the HTTPS://. It’s very important you keep an eye out for this as it’s essentially what’s going to keep you safe. It works by taking you to a secure page that only you can access at any one time and no one can get the information from. That’s basically the top and bottom of without going into too much detail. Just make sure you look for these trademarks when entering banking information and you will be good to go. If they aren’t there, then simply just come out of the site!
Pretty much every single bookmaker will accept Visa cards in some shape or form. They are now one of the biggest and most recognisable brands in the world and with that come an increased amount of security. The link with your bank will keep any fraudulent activities at bay and just add that extra security layer, should anything go wrong.
Your bookmaker will probably be most willing to deal with Visa cards for the exact same reasons, as if anything does go wrong, they are easy to trace and recover.
Another monumental brand in the online banking industry, MasterCard will again be accepted in pretty much all bookmakers whether that’s for debit or credit cards. One thing you will need to be aware of is that some bookmakers won’t accept credit cards for some withdrawals. This means that even though have deposited via your MasterCard you may need to register a new card to guarantee your withdrawal. But this only usually comes into play when you are using a credit card, due to the nature of how they work.
The brands just keep rolling off, but PayPal have made themselves into one of the biggest eWallet companies in the world. Their main foray has come off the back of the link with banking on eBay but they have probably evolved as much as any banking company in the industry.
A lot has changed at PayPal over the years as well. They weren’t always the most reliable to start out with as they had problems with people reversing transactions. Over the last few years this has all been ironed out and they are becoming an increasingly bigger company within the betting industry. Once more, transactions are usually pretty instant in terms of withdrawals back to your bank, although you may incur a surcharge, depending on the bookmaker.
Neteller were actually one of the first eWallets to really become an established alternative to credit and debit cards. They basically work by loading up your account and then simply depositing into your betting account by just using the email that’s attached to your Neteller account.
The plus side to this is that at no point need you give over your banking details online and the added security is probably as high as using a Visa card. Downside is that it’s likely that you will have to pay some sort of charge whether that is from your betting account to your wallet or from Neteller to your bank.
These guys work in much the same way as Neteller in terms of being a great alternative eWallet to the Visa or MasterCard options. Benefits lay pretty much the same in that speeds of transactions are usually much faster than most banking options. Downsides are that you will get charged for using the service.