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When it comes to betting payment methods, the leading bookies have to offer punters a host of options. However, just which is the best method for depositing and withdrawing funds? Each available payment method comes with its own benefits and limitations. So, whether you are considering using a debit card, PayPal or bank transfer, this page has all of the relevant information.
Our experts have tested each of the available betting payment methods, looking into the speed, cost, convenience and safety, perfect for bettors in the UK. Having read this page, customers will have a much clearer indication as to which the best option is to transfer funds at online bookmakers.
Unlike in some other countries, the use of credit cards to fund gambling activity in the UK is now banned. This law was introduced in April 2020, meaning that all operators can no longer accept this method of payment. The aim of the ban was to further promote gambling responsibly, especially online. As a result, many punters have turned to debit cards. Debit cards are accepted by the vast majority of bookies, popular due to the fact that both deposits and withdrawals can be processed easily and quickly. Let’s take a closer look at some of the most popular debit cards available to betting customers in the UK today.
Visa, Maestro & Mastercard
Visa, Maestro and Mastercard debit cards are accepted by most UK bookies. Linked to personal bank accounts, punters can fund their wagering activity using their available balance. Debit cards are now the most common method of depositing and withdrawing money on betting sites, with payments being processed quickly, without transacton fees. An increasing number of pre-paid debit cards are also available. Debit cards are offered by banks and other financial institutions throughout the UK, so let’s take a look at the main pros and cons:
Pros:
Easy to use payment method
Instant deposits
No/minimal fees
Accepted by 99% of bookies
Cons:
Punters must have funds in their account
Debit card details must be uploaded to betting sites
All
Cash Out
Derby betting
Enhanced Odds
Live Streaming
patent bet
Paypal
Placepot bet
Trixie
£20 Free Bet
£5 Deposit
£50 Free Bet
Each Way Bet
Free Spins
Yankee bet
More Filters
Bet £10 & Get £50 in Free Bets for new customers at bet365
02/03/22
Bet £10 & Get £50 in Free Bets for new customers at bet365
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 500% of that amount in Bet Credits, up to a maximum of £50* in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable.
To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10*) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement.
Apple Pay, Google Pay, PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details.
Bets placed must meet certain conditions to count towards the release of your Bet Credits:
Must contain at least one selection at odds of 1/5 (1.20) or greater.
Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement.
Where a stake has been partially Cashed Out, only the remaining active stake will count.
Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
Fully Cashed Out, Instant Games, Gaming, void bets or In-Play bets which are settled as a push will not count.
Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days.
Receive £20 worth of free bets (4x £5 tokens) when you sign up and stake £5+ on sports markets at Ladbrokes. Free bets are valid for 7 days, with stakes not being returned, while deposits made using prepaid cards, Moneybookers, Paypal, Paysafe, Neteller or Skrill will not qualify.
To claim this Sports Promotion, you must register a NEW account, making a deposit of £/€5 or more and the first bet on your account must be a Qualifying Bet/s. If you don’t follow these steps the free bets will not be applied to your account. 7. The Qualifying bet/s will be made of a real money sports bet of at least £/€5 win or cumulative stakes of up to £/€5 , at fractional odds totalling 1/2 or greater. For a single line accumulator bet, each individual selection of the bet must at fractional odds of 1/2 or greater to be deemed a Qualifying Bet. Please note that only the win parts of win/each-way bets will qualify.
18+. Play Safe. 3x £10 free bets. Free bets expire after 30 days. New customers signing up through mobile or tablet device only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Further terms apply. #ad
Sign up using H30 in the Promo Code section. Once registered, place a £10/€10 bet (at odds of 1/2 (1.5) or greater). Once the qualifying bet has settled, to access your free bet add a new selection to your bet slip. The free bets will be available in the Rewards section. Free bets will be paid as 2 x £15/€15 denominations once the first qualifying bet has been settled; free bets will expire 30 days after the qualifying bet is placed. This Promotion is not available to new accounts depositing funds with Paypal, Neosurf, Paysafe, Neteller, Skrill, ecoPayz, Kalibra/Postpay, William Hill PLUS Card;
American Express
American Express is one of the best-known credit cards in the world, dating back to the 1850’s. AMEX was never widely accepted on betting sites, due to the significant fees involved. However, the ban on credit cards for gambling purposes in the UK means that this is now not an option for punters at all. As a result, those that were considering using their American Express card to deposit and withdraw funds must find an alternative, whether it be a debit card, e-walllet or bank transfer.
E-Wallets & Digital Wallets
E-wallets and digital wallets effectively act as online storage platforms for customers. Transactions are funded from bank accounts, however such platforms do not require users to enter their card details, adding a layer of protection as a result. E-wallet customers have an account number and login details instead, with users being able to both deposit and withdraw funds to and from their betting site.
E-wallets and digital accounts are especially useful for those with numerous bank accounts. Meanwhile, payments made in this way at UK betting sites will appear on bank statements as the e-wallet, meaning that it is a good option when it comes to anonymity too. A host of e-wallet and digital wallet platforms are available to punters in the UK today, with the following being among the most popular and efficient.
PayPal
Established back in 1998, PayPal is the world’s leading online payment system. Many are likely to be familiar with PayPal already, with it being fully licensed and regulated by the Financial Conduct Authority. Signing up for a PayPal account takes a matter of minutes, with users being able to add bank accounts and cards in order to add and remove money. PayPal is accepted by an increasing number of bookies, with the following being the main pros and cons of this betting payment method:
Min deposit £10 with promo code: GET40 • A qualifying bet is a ‘real money’ stake of at least £10 using Bet Builder • Min odds 2/1 (3.0) • Free Bets credited upon qualifying bet settlement, expire after 3 days and valid for football markets only • Free Bet stakes not included in returns • Withdrawal restrictions, payment methods, country & full T&C’s apply.
You can earn £40 in Free Bets by placing a qualifying bet. You must enter the following promotional code when making your first deposit: GET40. A qualifying bet is your first ‘real money’ stake of at least £10 at odds of 2/1 (3.0) or greater placed using Bet Builder. Bets placed using a Free Bet, Cashed Out, Voided and Permutation bets. Members making their first deposits with PayPal, Muchbetter, Paysafecard, Neteller or Skrill. Free Bets will be credited upon qualifying bet settlement; occasionally, this may take up to 72 hours after bet settlement but no longer. Once credited, Free Bets expire after 3 days. Free Bets will be credited as four separate £10 tokens.
Free Bets can only be used on football markets.
Bet £10 & Get £50 in Free Bets for new customers at bet365
02/03/22
Bet £10 & Get £50 in Free Bets for new customers at bet365
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 500% of that amount in Bet Credits, up to a maximum of £50* in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable.
To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10*) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement.
Apple Pay, Google Pay, PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details.
Bets placed must meet certain conditions to count towards the release of your Bet Credits:
Must contain at least one selection at odds of 1/5 (1.20) or greater.
Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement.
Where a stake has been partially Cashed Out, only the remaining active stake will count.
Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
Fully Cashed Out, Instant Games, Gaming, void bets or In-Play bets which are settled as a push will not count.
Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days.
Neteller
Founded in 1999, Neteller is another leading e-wallet available to punters in the UK. Now owned by the reliable Paysafe Group, Neteller is accepted by the vast majority of UK bookies, having once processed some 80% of worldwide online gambling payments. Neteller is available for both deposits and withdrawals, however it may not be available when it comes to qualifying for a welcome bonus. The following are the main pros and cons of using Neteller at betting sites:
Pros:
No need to share bank or card details with your bookie
Synonymous with the online gambling industry
Minimal or no fees
Cons:
Not eligible for sign-up offers in many cases
All
£20 Free Bet
£5 Deposit
Live Streaming
Paypal
Placepot bet
Cash Out
Enhanced Odds
£50 Free Bet
Derby betting
Each Way Bet
Free Spins
patent bet
Trixie
Yankee bet
More Filters
Bet £5 Get £20 in Free Bets
23/03/21
Bet £5 Get £20 in Free Bets
Generous promotions for new and existing customers
Place a bet of £5 within 14 days of signing up at Coral and claim £20 worth of free bets (4x £5 tokens). Minimum odds of 1/2, free bets are valid for 7 days, with stakes not being returned. PayPal and some other payment methods are excluded.
Sign up today and place a £5 on any sport and Coral will give you an instant £20 in free bets. Open a new online, mobile or telephone account with Coral. Deposit and bet £5 on any sport. Coral will give you an instant four x £5 free bets. Your account will be topped up automatically as soon as you place your bet. All Coral ask is that you choose a sport market at odds of 1/2 (1.5) or bigger.
Money Back As a Bonus Up To £40, if your 1st bet loses + £10 Casino Bonus
11/11/21
Money Back As a Bonus Up To £40, if your 1st bet loses + £10 Casino Bonus
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply.
Place a sports bet of minimum £1 with odds 2/5 (1.40) or greater. Each leg of a multiple bet must be over 2/5 (1.40) for the bet to qualify. Bets placed on horse racing, greyhound racing, trotting and/or virtual sports will not qualify for the money back as bonus offer. If your first sports bet wins, you have completed the bonus, you will receive your winnings and your stake. If your first sports bet loses, you will receive your stake back up to a maximum of £40 in bonus money. If you received £40 bonus money you need to bet £120 to complete the bonus conditions.
18+. Play Safe. 3x £10 free bets. Free bets expire after 30 days. New customers signing up through mobile or tablet device only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Further terms apply. #ad
Sign up using H30 in the Promo Code section. Once registered, place a £10/€10 bet (at odds of 1/2 (1.5) or greater). Once the qualifying bet has settled, to access your free bet add a new selection to your bet slip. The free bets will be available in the Rewards section. Free bets will be paid as 2 x £15/€15 denominations once the first qualifying bet has been settled; free bets will expire 30 days after the qualifying bet is placed. This Promotion is not available to new accounts depositing funds with Paypal, Neosurf, Paysafe, Neteller, Skrill, ecoPayz, Kalibra/Postpay, William Hill PLUS Card;
Skrill
Formally known as Moneybookers, Skrill has been around since 2001. Another e-wallet operated by the Paysafe Group, Skrill is based in London and regulated by the Financial Conduct Authority. Skrill is a betting payment method accepted by a host of bookies, with the platform having recently been announced as the official payment partner of Italian football giants, AC Milan. For those considering using Skrill online, the following are its main pros and cons:
Pros:
Fast and secure deposits and withdrawals
No/minimal fees
Widely accepted among UK Bookies
Cons:
Unlikely to be eligible for sign-up offers
Bet £5 Get £20 in Free Bets
23/03/21
Bet £5 Get £20 in Free Bets
Generous promotions for new and existing customers
Place a bet of £5 within 14 days of signing up at Coral and claim £20 worth of free bets (4x £5 tokens). Minimum odds of 1/2, free bets are valid for 7 days, with stakes not being returned. PayPal and some other payment methods are excluded.
Sign up today and place a £5 on any sport and Coral will give you an instant £20 in free bets. Open a new online, mobile or telephone account with Coral. Deposit and bet £5 on any sport. Coral will give you an instant four x £5 free bets. Your account will be topped up automatically as soon as you place your bet. All Coral ask is that you choose a sport market at odds of 1/2 (1.5) or bigger.
EcoPayz
EcoPayz is an online payment service, acting as a good alternative to the likes of PayPal, Skrill and Neteller. Founded in 2000 and regulated by the Financial Conduct Authority, EcoPayz is accepted by the majority of UK bookies. Users even have the option to use an EcoPayz Mastercard. If you are not aware of what EcoPayz has to offer, below are its main pros and cons:
Pros:
24/7 customer support
Instant deposits
Option to open an Ecocard
Cons:
Fees can be incurred
All
£20 Free Bet
£5 Deposit
Live Streaming
Paypal
Placepot bet
Cash Out
Each Way Bet
Enhanced Odds
Free Bet
New!
patent bet
Yankee bet
More Filters
Bet £5 Get £20 in Free Bets
23/03/21
Bet £5 Get £20 in Free Bets
Generous promotions for new and existing customers
Place a bet of £5 within 14 days of signing up at Coral and claim £20 worth of free bets (4x £5 tokens). Minimum odds of 1/2, free bets are valid for 7 days, with stakes not being returned. PayPal and some other payment methods are excluded.
Sign up today and place a £5 on any sport and Coral will give you an instant £20 in free bets. Open a new online, mobile or telephone account with Coral. Deposit and bet £5 on any sport. Coral will give you an instant four x £5 free bets. Your account will be topped up automatically as soon as you place your bet. All Coral ask is that you choose a sport market at odds of 1/2 (1.5) or bigger.
New bettors get 100% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excluded; See full terms
If you have already made a real-money deposit into your 10bet Account you will not be eligible for this promotion. The minimum qualifying deposit for this promotion is £15. Deposits via Skrill or Neteller shall not be a qualifying deposit. To qualify for the bonus, you must register your 10bet account exclusively and directly from the affiliate site(s) carrying a promotion of the offer. Eligible Customers will be presented with a pop-up for them to confirm that the Deposit Bonus should be credited to their account following the qualifying deposit being made. The bonus amount of 100% of your qualifying deposit, up to £50, shall then be credited to your Sports Bonus Account immediately after the qualifying deposit has been made. Both your qualifying deposit and bonus must be wagered a total of eight (8) times on: (1) settled single sports bets with odds of at least 4/5 (1.80); or (2) settled accumulator bets with odds of at least 2/5 (1.40) per selection before you can withdraw your bonus and any winnings resulting from it. The maximum amount of your stakes which qualify for the bonus wagering requirement is always equal to your initial bonus amount. The value of any stake placed which exceeds the initial bonus amount (including multiple bets placed on the same selection) will not contribute towards the wagering requirement. For example, if you receive a £50 bonus and place a bet for £75 on a single sports bet at odds of 4/5 (1.80), only the first £50 of that bet will go towards meeting the wagering requirement. In case of a £50 bonus, you will have to place at least 24 separate bets, with a £50 contribution each, to wager your bonus in full.
Apple Pay
Apple Pay is a mobile digital wallet that was only launched in 2014. Linked to Apple products, such as the iPhone, iPad and iWatch, deposits can be made quickly and conveniently. No fees are incurred, while payments are authorised by a code or fingerprint ID. Apple Pay is not available for withdrawing funds on betting sites, with the following being the main pros and cons of this payment method:
Pros:
Hugely convenient
Instant deposits
Card details remain anonymous
Cons:
Not accepted on all betting sites
Not available for withdrawals
Other Digital Wallets
Aside from the betting payment methods discussed above, punters in the UK can also take advantage of a small number of other digital wallets. The likes of Entropay, InstaDebit, WebMoney and Click2Pay are accepted by some bookies, with deposit and withdrawal limits, fees and transaction times varying.
Cash & Cash Alternatives
The vast majority of sports betting in the UK now takes place online. However, this shift in dynamic does mean that options are limited for punters wishing to fund their betting activity using cash. Some bookies will allow customers to deposit and withdraw funds to and from their online account in store, while pre-paid cards offer another alternative. Let’s take a closer look at the small number of options available to betting customers wishing to deposit using cash.
Cash Betting Sites
Some bookies can still be found on the UK high street. As such, it remains possible for punters to deposit and withdraw directly from betting shops. This means that customers can still take full advantage of the markets, features and promotions offered by online betting sites. The likes of William Hill, Ladbrokes, Coral and Paddy Power all offer cash payment opportunities. Some use a cash card, which occasionally delivers additional rewards.
Paysafecard
Founded in 2000, Paysafecard is a prepaid online payment method accepted by many betting sites. A 16-digit PIN code is used to verify payments, with cards/vouchers being available to purchase in shops and online. Regulated by the Financial Conduct Authority, cards can be purchased in denominations of £10, £25, £50, £75 or £100. Fees are only incurred when processing refunds or if you fail to use your PIN within 12 months.
Min deposit £10 with promo code: GET40 • A qualifying bet is a ‘real money’ stake of at least £10 using Bet Builder • Min odds 2/1 (3.0) • Free Bets credited upon qualifying bet settlement, expire after 3 days and valid for football markets only • Free Bet stakes not included in returns • Withdrawal restrictions, payment methods, country & full T&C’s apply.
You can earn £40 in Free Bets by placing a qualifying bet. You must enter the following promotional code when making your first deposit: GET40. A qualifying bet is your first ‘real money’ stake of at least £10 at odds of 2/1 (3.0) or greater placed using Bet Builder. Bets placed using a Free Bet, Cashed Out, Voided and Permutation bets. Members making their first deposits with PayPal, Muchbetter, Paysafecard, Neteller or Skrill. Free Bets will be credited upon qualifying bet settlement; occasionally, this may take up to 72 hours after bet settlement but no longer. Once credited, Free Bets expire after 3 days. Free Bets will be credited as four separate £10 tokens.
Free Bets can only be used on football markets.
Bet £10 & Get £50 in Free Bets for new customers at bet365
02/03/22
Bet £10 & Get £50 in Free Bets for new customers at bet365
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 500% of that amount in Bet Credits, up to a maximum of £50* in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable.
To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10*) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement.
Apple Pay, Google Pay, PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details.
Bets placed must meet certain conditions to count towards the release of your Bet Credits:
Must contain at least one selection at odds of 1/5 (1.20) or greater.
Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement.
Where a stake has been partially Cashed Out, only the remaining active stake will count.
Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
Fully Cashed Out, Instant Games, Gaming, void bets or In-Play bets which are settled as a push will not count.
Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days.
18+. Play Safe. 3x £10 free bets. Free bets expire after 30 days. New customers signing up through mobile or tablet device only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Further terms apply. #ad
Sign up using H30 in the Promo Code section. Once registered, place a £10/€10 bet (at odds of 1/2 (1.5) or greater). Once the qualifying bet has settled, to access your free bet add a new selection to your bet slip. The free bets will be available in the Rewards section. Free bets will be paid as 2 x £15/€15 denominations once the first qualifying bet has been settled; free bets will expire 30 days after the qualifying bet is placed. This Promotion is not available to new accounts depositing funds with Paypal, Neosurf, Paysafe, Neteller, Skrill, ecoPayz, Kalibra/Postpay, William Hill PLUS Card;
Cryptocurrencies
Cryptocurrencies are a digital currency that often use blockchain technology to process payments, rather than through a centralised network. Cryptocurrency is more commonly associated with online casinos, however an increasing number of sportsbooks have introduced this payment method of late. Bitcoin, Ethereum and Litecoin are perhaps the most common types of cryptocurrency in the UK, with the following being the main pros and cons of this modern payment type:
Pros:
Cryptocurrency payments are likely to be processed instantly
Betting sites offering cryptocurrency payments often introduce significant bonuses
Limits can be larger than other betting payment methods
ACCA Boost applies to pre-match selections on all sports and competitions. In-play sports and competitions do not count. ACCA Boost minimum odds is 1/5 (1.2) per individual selection.
Min deposit £10 with promo code: GET40 • A qualifying bet is a ‘real money’ stake of at least £10 using Bet Builder • Min odds 2/1 (3.0) • Free Bets credited upon qualifying bet settlement, expire after 3 days and valid for football markets only • Free Bet stakes not included in returns • Withdrawal restrictions, payment methods, country & full T&C’s apply.
You can earn £40 in Free Bets by placing a qualifying bet. You must enter the following promotional code when making your first deposit: GET40. A qualifying bet is your first ‘real money’ stake of at least £10 at odds of 2/1 (3.0) or greater placed using Bet Builder. Bets placed using a Free Bet, Cashed Out, Voided and Permutation bets. Members making their first deposits with PayPal, Muchbetter, Paysafecard, Neteller or Skrill. Free Bets will be credited upon qualifying bet settlement; occasionally, this may take up to 72 hours after bet settlement but no longer. Once credited, Free Bets expire after 3 days. Free Bets will be credited as four separate £10 tokens.
Free Bets can only be used on football markets.
DEPOSIT AND BET £10 MINIMUM ODDS 1/2 (1.50) / £10 FREEBET / VALID 7 DAYS / T&CS APPLY / 18+ / BEGAMBLEAWARE.ORG
Minimum odds 1/2 (1.50). Customers will be awarded a £10 Free Bet. Customers will qualify for the Free Bet once their first £10 qualifying bets on Sports have been placed and then settled on the account. Qualifying bet can be on any sport of your choice and can be either a single or a single line multiple bet with two selections or more. Cashed out qualifying bets will not qualify for the offer. Customers must place a qualifying bet within 30 days of registration and for the bet to settle within this period to receive the Free Bet automatically. Free Bet will be credited to the account within 24 hours of the qualifying bet settling. Free Bet can be used on singles or combo on any sport. Free Bet is valid for 7 days.
Pay By Phone
Another new method of funding your betting activity is Pay By Phone. Here, punters can make deposits on betting sites through their mobile phone contract or pay as you go tariff. While no more than £30 can be added, this option is very convenient, with a code being sent via SMS in order to verify payments. While the likes of Zimpler and Siru are major players in this area, it is undoubtedly Boku which is the most popular Pay By Phone provider in the UK. Founded in 2009, Boku facilitates payments without bank account or card details. Below are its main pros and cons.
Pros:
No fees
No need to enter bank card details
Can be combined with Neteller
Cons:
No withdrawals
Low deposit limit
Not accepted at all betting sites
Money Back As a Bonus Up To £40, if your 1st bet loses + £10 Casino Bonus
11/11/21
Money Back As a Bonus Up To £40, if your 1st bet loses + £10 Casino Bonus
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply.
Place a sports bet of minimum £1 with odds 2/5 (1.40) or greater. Each leg of a multiple bet must be over 2/5 (1.40) for the bet to qualify. Bets placed on horse racing, greyhound racing, trotting and/or virtual sports will not qualify for the money back as bonus offer. If your first sports bet wins, you have completed the bonus, you will receive your winnings and your stake. If your first sports bet loses, you will receive your stake back up to a maximum of £40 in bonus money. If you received £40 bonus money you need to bet £120 to complete the bonus conditions.
Other Popular Betting Payment Methods
Aside from debit cards, e-wallets, digital wallets, cryptocurrencies and Pay By Phone, the other betting payment methods available in the UK include bank transfers/bank wire and Western Union. Bank transfers are available for both deposits and withdrawals, however they are not instant and can incur fees. Meanwhile, Western Union is one of the most famous payment methods in the world today. Accepted by a small number of bookies, deposits and withdrawals are available, however the fees involved can be substantial.
Things to Consider with Betting Payment Methods
Regardless of the payment method you are using online, there are a number of things to take into consideration. While things will vary between bookies, punters must take into account the following points when making a decision on which method of payment to use:
Deposit Times – The majority of available payment methods accommodate instant deposits. Those which do not may mean punters missing out on placing a time-sensitive bet. As a result, processing time are key.
Withdrawal Times – There is nothing worse than having to wait an extended period to get your hands on earnings made from winning bets. As such, the best betting payment methods will help complete such transactions in a short period of time.
Minimum Deposit – Depending on your budget and objectives, it may be worth selecting a payment method and bookmaker that accepts small deposits. This is likely to be especially important for beginners.
Maximum Withdrawal – Some payment methods are better than others in terms of the amount that can be withdrawn. For those regularly winning big, be sure to select an option that accommodates your needs in this area too.
Closed Loop Policy – It is generally understood that using the same payment method for both depositing and withdrawing funds will make the entire process all the more efficient. However, some payment methods do not cater for the withdrawing of funds, meaning that an alternative must be found.
Fees – While the vast majority of payment methods process deposits for free, charges can be incurred when withdrawing earnings. Meanwhile, other fees can be incurred along the way too, such as for inactivity.
Bottom Line on Betting Payment Methods
Even with the ban on credit cards, punters in the UK have a good variety of payment methods to choose from at betting sites. Our aim is always to deliver safe and reliable options, with our experts having worked hard in order to offer accurate and up to date information in this area. So, be sure to check out the payment options available, taking into account factors such as speed, fees and ease of use.
Betting Payment Methods FAQs
Which is the best payment method for betting customers in the UK?
The most popular option for UK punters remains the debit card. However, this does not necessarily make it the best. The best payment method will be the one which best meets your needs when it comes to limits, fees, speed and security.
Are there fees involved for depositing and withdrawing funds on betting sites?
Potentially, yes. While deposits will be processed free of charge, fees can be incurred when withdrawing funds from betting sites. While small, any fee will impact the amount which is returned to you.
Can I use a credit card with online bookies?
No. Credit cards have been banned in the UK for online gambling purposes since April 2020. As a result, punters must use one of the other available betting payment methods.
Which is the most secure payment method?
E-Wallets are often regarded as the most secure payment method on betting sites. This is due to the fact that there is no need to enter your bank or card details with your bookie. Popular e-wallets include PayPal, Neteller and Skrill.
Which payment method offers the quickest withdrawals?
Again, e-wallets generally process withdrawals in under 24 hours. This means that punters can get their hands on winnings in a matter of hours in many cases. Compared to debit cards and bank transfers, this is significantly quicker.
James Fuller
Betting Expert
James Fuller is a sports journalist based in Bath, England. Specializing in sports and iGaming, he has worked for a variety of leading online publications in the past, including MailOnline and Coral. James also has a degree in Sport & Leisure Management from Sheffield Hallam University.
He also has a certificate in Football Communication & Digital Media from the Sports Business Institute in Barcelona, which James has used to help brands enhace their following and reputation on online platforms. With almost a decade of experience in sports writing to his name, James has received outstanding feedback from existing and former clients.