Payment Options - size mattersDepending on the method of deposit you will find the maximum and minimum amounts differing. Credit and debit cards for example will have a higher maximum limit than say ewallets, while topping the charts will be bank options. It’s unlikely that you will find a minimum deposit under £5.
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E-WalletsE-wallets are so popular nowadays as they offer quick and secure payments directly over the internet. Options such as Skrill, Paypal, Neteller and IDebit are the most popular of such ewallets they generally run with instant processing time and there is usually no processing fee from the bookmaker when using this method. You will find bookmakers such as Bet365 who don’t charge any processing fee on any deposit method. One disadvantage is that in order to protect themselves from fraud, some bookmakers won’t accept ewallet payments to fund bonus bets.
Debit and Credit CardsThese options run with pretty big maximum deposit numbers and like e-wallets they have an advantage over bank deposits because they are processed instantly. The downside of course to using a credit card is that you are probably going to get high interest charges on your end, so a debit card when possible is better. Your bank may charge you a fee for the transaction.
Prepaid VouchersUkash and Paysafecard are examples of Prepaid vouchers where you can exchange cash for vouchers to safely use on the internet for purchases. These are generally going to have the smallest deposit limits of all methods.
Bank OptionsYou can get funds directly from your bank a bookmaker by a few methods. These are going to be the slowest options to getting your betting account funded. A wire transfer for example could take up to 10 banking days to get processed and another disadvantage is there are usually high minimums on bank options. A direct bank transfer is the quickest of the baking options as it gets processed in around 3 days and will usually have a massive maximum limit. The slowest of all can be a good old fashioned cheque which can take up to a month to actually get the funds cleared into your betting account.
Recommended optionsUse a debit card or an e-wallet. The latter is the best option of all, as it is quick, efficient and really cheap to use when compared to cards. Because of the virtual money thing though, always keep a check on your finances so that you don’t get carried away and deposit more than you can afford to lose. When betting online you are just looking at numbers representing your cash and it's easy to get carried away and keep topping up. Always keep your finances in check!
1 Sports Betting Guide
2 Sports betting explained
3 Sports betting types explained
4 Successful betting
5 Sports betting systems
6 Sign up at the bookmaker
6.1 Bookmaker payment options
6.2 Bookmaker terms & conditions
6.3 Bookmaker payouts
6.4 Betting & gambling addiction
7 Betting on other sports types