SPORTSBOOK PAYMENT TYPES
Making a deposit or a withdraw with an online sportsbook is very easy and in modern day, there are many ways to accomplish the goal of making your deposits and withdraws. First and foremost, when you are looking to open that initial account, you should find out what measures and options the sportsbook has for making a deposit or a withdraw.
Most of the sportsbook all utilize a vast variety of options but some can be more limited. Before you make any deposit or request a withdraw, make sure whatever website you are using utilizes a SSL Certificate for your safety. A SSL certificate is in layman's terms a padlock for the browser to prevent others from backdooring the website and obtaining your credit card and personal information.
Once you find the website you are interested in using, you will need to figure out what option you will use for your deposits. Let’s take a look at some varieties of options for making a deposit and withdrawals, with most online sportsbooks.
Bitcoin has become one of the fastest, safest and most reliable means for managing your bankroll with online sportsbooks. Whether you are trying to make a deposit or make a withdraw, Bitcoin is without a doubt your best option.
Bitcoin is a digital currency that provides many additional bonuses for making deposits using the cryptocurrency. Many of the online sportsbooks will also waive many of the fees for deposits and withdraws when using Bitcoin.
NETELLER / SKRILL
Another popular form of making a deposit or withdraw lately is Neteller and Skrill accounts. Neteller and Skrill are online portals that allows you to make a secured payment or receive a secured payment online. Making a deposit or a withdraw using Neteller and Skrill is one of the faster ways to have immediate access to your money at your online sportsbook as most will place the money in your account almost instantly.
VISA / MASTERCARD
Making a online sportsbook deposit with a credit card, such as Visa or Mastercard, is easy, simple and safe! One simple phone call can get you started so you can fund your account using one of your major credit cards. With most online sportsbook, you will be required to fill out a form and provide a copy of your state or government ID in order to make a deposit or withdraw using Visa or Mastercard.
Many online sportsbooks will also allow you to make a deposit using American Express, however one downfall is the limits on the American Express are much more defined compared to Visa or Mastercard. In most cases, the American Express will only allow you to make a deposit up to $499 per transaction, compared to Visa and Mastercard usually setting maximums at $2500, per transaction.
MONEY TRANSFER (PERSON-TO-PERSON)
Back in the 90’s and early 2000’s, making a deposit or withdraw using a person-to-person money transfer was one of the most popular ways to fund or make a withdraw from your online sportsbooks. With Person-To-Person money transfers, you simply request a sender’s name and location for where you should send money. Person-To-Person deposits and withdraws usually have additional handling fees that come out of the funds.
A large majority of online sportsbooks offer the ability to do a bank wire from your bank to the sportsbooks bank, with the addition of a small fee. Many companies will require you to email or fax a copy of the bank wire receipt to them prior to any money being placed in your account.
CHECK OR MONEY ORDER
Many of the online sportsbooks will now accept a cashiers check and in some instances, a money order for deposits. Cashiers checks and money orders can be sent to the online sportsbook via FedEx, UPS, DHL or various other next-day mail couriers.