Deposit and Withdrawal Methods at Betting Sites
By
Betting.us Staff
Updated: 12 March 2025
Betting.us Staff
There are plenty of payment methods available at betting sites. Find the one that best suits your gambling preferences by exploring the top platforms hand-picked and recommended by our experts below.
Recommended Betting Site for Deposits
BetMGM is our top choice when it comes to the variety of online betting banking methods. Choose from 15 deposit options including e-wallets, debit cards, prepaid cards, online banking, etc. Providers like PayPal, Play+, and Visa are reliable and focused on seamless user experience. Keep in mind that availability may vary by state due to local regulations.
Recommended Betting Site for Withdrawals
We’ve identified the site with the best payout methods. Caesars offers 8 withdrawal options, to be exact. This flexibility is enough to satisfy the needs of any gambler. All providers are easy to use and offer speed, security, and convenience. Availability may vary depending on the state from which you’re wagering.
Online Betting Banking Options
Most sportsbooks support diverse online betting banking options, including traditional methods like debit cards and bank transfers, modern ones like e-wallets and prepaid cards, and even cryptocurrency. For detailed information, visit our dedicated banking providers’ pages directly.
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American Express
American Express is one of the most widely accepted online betting deposit methods. However, this option is rarely available for withdrawals due to long processing times. Deposits, on the other hand, are instant and straightforward. We give you more details in our dedicated guide to the best American Express betting sites.
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Apple Pay
If you prefer to bet from your mobile device, Apple Pay is an excellent choice for iOS. This payment method offers a user-friendly interface, fast transactions, and minimal fees. Typically, it’s available for both deposits and withdrawals. Find Apple Pay’s main pros and cons in our article below.
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Bank Transfer
This is a secure and efficient payment method you can use if you prefer traditional options. You should know, however, that there are other providers offering enhanced privacy and better speed. Bank transfer transactions require you to share your bank account details. You can learn more in the guide included below.
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Mastercard
Mastercard is always available for deposits and mostly eligible for withdrawals, but you’ll have to check to be sure. Additionally, every platform has different minimum and maximum transaction limits. Deposits are instant and withdrawals take up to 3 days. We’ve included these essential details in our guide.
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PayPal
PayPal ranks high on a player’s list of bookmakers’ payment methods. Its flexible deposit and withdrawal limits can satisfy the requirements of both low and high rollers. Unlike other providers, there aren’t any set up costs and no monthly maintenance fees. Deposits are instant and withdrawals usually take around 24 hours.
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Prepaid Cards
Prepaid cards provide unmatched privacy protection since you don’t have to share any personal and financial information. They allow for better budget monitoring, which can greatly help in keeping your gambling activities in check. Prepaid cards are among our personal favorite payment methods at betting sites.
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Prepaid Gift Cards
Prepaid gift cards carry all the benefits of generic prepaid cards, but they aren’t that common for online betting banking transactions. They’re used in the same way as standard debit and credit cards. However, after a couple of reloads, you’ll have to dispose of your card and purchase a new one.
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Skrill
Since its inception in 2001, Skrill has come a long way in becoming one of the leading sports betting payment methods worldwide. Read our expert guide to learn more about the provider’s high security standards, fast transactions, low fees, and its impressive Skrill 1-Tap payment service.
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Visa
Visa is one of the more traditional options. Deposits are processed instantly, while withdrawals may take up to a few business days. Transaction limits are flexible, but there are fees, including an account opening fee and a monthly maintenance fee. Learn more via the following link:
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Venmo
Venmo is a highly preferred mobile payment method available only in the US. It offers top-notch security with encrypted transactions, identity verifications, and a two-factor authentication process. Unlike Visa, for example, the provider doesn’t charge fees for opening an account and there are no monthly maintenance fees.
Withdrawal Fees at Online Sportsbooks
The best sports betting sites have no fees for deposits and withdrawals. Any charges usually come from the payment provider. To be sure, familiarize yourself with the terms of service and privacy policy of your preferred sportsbook.
For example, using a Visa debit card incurs no withdrawal fees from the sportsbook, but you’ll face a monthly maintenance fee and an account opening fee from Visa. E-wallets like Venmo and PayPal typically do not have these costs.
If you’re using a currency other than USD, you may encounter additional fees regardless of the payment method. That’s why it’s essential to choose an option you’re familiar with. This will save you time, avoid inconvenience, and make your wagering experience as effortless as possible.