One of the first things you have to do to participate in online betting is make a real money deposit and fund your account. Betting sites have come up with numerous deposit options to make this part of the process as simple as possible. For the most part, making a deposit to an online betting site is the same as making a purchase from any online retailer.
On this page, we have an explanation and overview of a few of the most popular online betting deposit options. There are even more deposit options out there, but these are the ones that sports bettors, casino fans and poker players use the most to fund their accounts.
Online Betting Using Credit Cards
The credit card is the simplest-to-use deposit method of them all. Just about any debit card or credit card can be used to fund your account and prepare the way for real money betting on the internet. All the major credit card brands are accepted at most online betting sites:
- American Express
- Diners Club
The one downside to using a credit card to fund your betting account is that some issuing banks do not like betting sites. The laws regarding online betting vary widely around the world, so some companies simply block all deposit attempts to betting sites. The good news is that if this happens, you can always try a different card or use a different deposit method.
Bank Account Transfers To Gambling Sites
A bank account transfer is a simple-to-use deposit method that lets you transfer money straight from your bank account to any betting site. This term is often applied to cover a variety of sub-categories such as eChecks, wire transfers and actual bank transfers. In all cases, the basic idea is the same.
Bank account transfers are easy to use and generally don’t cost anything to initiate. For customers who wish to deposit large amounts, the wire transfer is usually the best option. It’s safe, fast and cost-effective for large deposits. Other methods such as eChecks and bank transfers are easy to use and cut out the middle man.
Ewallets And Other Options
An e-wallet is a method that uses a sort of online account in which you can store your betting bankroll. PayPal is the most well known e-wallet on the internet, but that company does not typically do business with betting sites. However, there are many other e-wallets to choose from:
These are just a few examples of the many eWallets out there that can be used to fund your betting account. One of the advantages to using e-wallets is that they make it easy to keep your betting bankroll separate from the money in your bank account. When you want to transfer your bankroll to a new betting site, you also avoid having to cash all the way back to your bank account.
Prepaid Vouchers And Gift Cards
Prepaid vouchers are useful for people who want to use cash to deposit at an online betting site. All you have to do is visit any store that sells prepaid vouchers and then give them cash. In return, you will be given a card or a piece of paper that has a number printed on it. That card or voucher can then be redeemed at your betting site for the amount that you used to purchase it.
There are three major reasons people use prepaid vouchers. First, it’s the best deposit method to use if you want to use actual physical cash to deposit. Secondly, it comes in handy for people who do not use bank accounts. And finally, some people use prepaid vouchers because they don’t feel comfortable giving their banking information to online betting sites.
Peer To Peer Cash Transfer Services
If you sign up for an account at an internet betting site and then have a buddy send you cash from his own betting account, you have just completed a peer to peer transfer. This deposit method comes in handy if you have access to limited deposit methods or simply have a generous friend willing to send you some cash.
Not all betting sites allow peer to peer transfers, but you can find out easily by calling or e-mailing them. This deposit method is pretty easy to use, but it should be used carefully. Do not ever send a peer to peer transfer to someone you do not know very well.
Deposit Using Phone-In Customer Support
Customer support isn’t technically a “deposit option” in itself, but it can be used if you’re having problems making a deposit at any real money site. A quick call to the phone support people will have you betting with real money in no time. One of the main things customer support people are trained to do is to help new customers make deposits.