Payment Methods for Online Betting

There is no reason for an online bookmaker not to offer a wide range of payment methods, both for deposits and withdrawals, when looking to open a new account. Likewise, regardless of the various features a betting site may offer, or whether or not they are top of the pile when it comes to the odds offered, there is no excuse for being unable to withdraw your winnings quickly and easily.

Our guides to which betting sites offer different payment methods allow you to browse every online bookmaker in your country to see the betting sites that accept PayPal, the bookies with the fastest withdrawals, and even the betting sites accepting Bitcoin.

You’ll find information on the deposit and withdrawal options available to you, as well as the time it takes for each bookmaker to process your withdrawal.

Depending on where you live, some betting sites may impose transaction fees on selected payment methods, meaning that a particular payment method may be preferable to another due to the bookmaker in question not charging you a withdrawal fee.

We’ve got payment guides regardless of your location, so if you’re looking to deposit by PayPal in Portugal, wanting to use Skrill in Scandinavia, or looking to bet with Bitcoin in Brazil, we’ll tell you about the payment methods available to you, based on the betting sites available in your country!

Online betting is of course a global industry, and bookmakers around the world are regulated under different jurisdictions. The betting sites mentioned on this page (and on other pages here at FreeTips.com) have been fully tested by our team and are considered trustworthy, as well as being fully licenced.

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Payment Methods Key Facts

Payment Methods for Online Betting
Most Popular Payment Methods
Bookmakers that accept PayPal
Bookies accepting Neteller
Bookmakers accepting Paysafecard
Bookies accepting Skrill
Bookies accepting Bitcoin
Payment Methods Betting Online FAQs

Most Popular Payment Methods

The best betting sites will usually allow you to both deposit and withdraw to and from your betting account via a number of different payment options.

Traditional deposit options such as using credit and debit cards remain popular around the world, although e-wallets and even cryptocurrencies are increasing in popularity.

Our guides will help you to understand which payment methods can be used to deposit or withdraw funds at betting sites available in your country.

If there are any changes to regulations in your country (such as punters at UK betting sites no longer being allows to use credit cards to gamble as of April 2020), our comparisons tables and betting guides will be updated to make you fully aware of the options available to you right now.

The most popular options for deposits and withdrawals with betting sites include:

MasterCard and Visa – As noted, deposit and credit cards remain popular around the world. Depositing by a debit card, or where permitted a credit card, is quick and easy for both depositing funds and for processing withdrawals. In the majority of cases, this payment method will not require you to pay an additional fee. Betting sites will (or at least should) remind you to never share your card details (and you’ll never be asked for your PIN), as once your details are on file, all that is needed to deposit funds is the three-digit CVV number from the back of your card, as well as the password you use for your betting account.

It’s worth noting as well that some bonus types that are made available to you by a bookmaker (for example: a new customer welcome bonus) may require you to deposit using a particular payment method. Although other payment methods are becoming increasingly popular, some betting sites may require you to deposit using a card in order to claim any free bets that are on offer to you.

Withdrawal times can vary from bookie to bookie. You may have your winnings at some of the best betting sites back on your card within just a few minutes. Others may take 24 hours or longer to process your withdrawal.

PayPal - A number of betting sites accept PayPal as a deposit method. Betfair was the first betting site in Europe to use PayPal, and the uptake led to other UK betting sites soon beginning to offer the online payment system for both deposits and withdrawals.

Now, numerous betting sites throughout Europe use PayPal, and it is the preferred choice for many punters, at least partly due to how it offers a quick and secure way to deposit funds into your betting account. It is quick for withdrawals as well - we’ve seen some of the best betting sites process withdrawals via PayPal in less than an hour!

Our comparison tables and guides will show you which bookmakers accept PayPal in your country!

Neteller – If you’re unfamiliar with Neteller, it was created in 1999 and began processing online gambling payments the following year, with the vast majority of the firm's revenue at that time (around 95%) linked to transfers involving online gaming firms.

Many users at the time were residents of the United States, and Neteller looked to move away from the US, restricting accounts of users in the country. Today, the e-money service is a massively popular payment method for customers of online betting sites, although legal issues mean that customers in a number of countries are not permitted to use Neteller when depositing at a betting site.

FreeTips.com has a full list of the betting sites accepting Neteller, and by using our comparison tables on these pages, you can quickly and easily find out if an online bookmaker accepts Neteller in your country, and if so, whether any charge applies for using it.

Skrill - Formerly known as Moneybookers, Skrill is another e-wallet that can be used by many online bookmakers, including a number of the new betting sites that are emerging.

Skrill allow you to make both deposits and withdrawals to and from your betting account, without being charge any additional fees.

Skrill and Neteller are both part of the Paysafe brand. Paysafe is based in the Isle of Man and regulated in the United Kingdom, with the online payments company also offering the paysafecard.

Paysafecard – Straightforward to use, the paysafecard is becoming more and more popular with punters by the day. The paysafecard provides you with a prepaid online payment method via a voucher code made up of 16 numbers. You can purchase a voucher code at many shops. When you enter this 16-digit code at a betting site, your betting account will be credited with the same amount you spent on the paysafecard.

The paysafecard voucher codes are not designated to be passed by telephone and are ideal for punters who want to keep a close eye on his or her spending, without using a credit or debit card.

There are restrictions on this payment method to withdraw any winnings, however, as you will only be able to withdraw your money to a bank account.

Bookmakers that accept PayPal

If you’re looking for bookies that accept PayPal, you’ll be pleased to know that numerous betting sites accept this popular payment method. Many UK betting sites accept the online payment system for both deposits and withdrawals, as well as top betting sites across Europe and further afield.

PayPal is a quick way to deposit funds with an online bookmaker and also allow you to withdraw your winnings quickly – in some cases you’ll have your winnings back in your PayPal account in less than an hour!

If you’re looking to find out the bookmakers who accept PayPal in your country, our comparison tables and guides have all the information you need.

Bookies accepting Neteller

Neteller is an e-wallet service providing a quick and secure way for punters to fund their online betting accounts. You can use Neteller to add funds to your bookmaker account from your bank, debit card, or from other form of payment such as bitcoin.

A number of bookmakers accept Neteller right now, including the majority of top UK betting sites. It isn’t just a popular payment method for punters in the United Kingdom however, as people around the world are using Neteller as their preferred payment method.

If you’re looking to find out which betting sites use Neteller, our comparison tables and guides have all the information you need on the bookmakers that accept Neteller in your country.

Bookmakers accepting Paysafecard

The paysafecard is becoming increasingly popular at betting sites. The paysafecard lets you pay at thousands of online shops across numerous industries - without the need for a bank account or credit card.

Once you have found a sales outlet near you, simply go and buy your paysafecard from them. You can choose an amount from between £10-175 (GBP). Once you have purchased your voucher code, which is made up of a 16-digit code, you can then enter that code at a betting site, with your account balance credited with the same amount you spent on the paysafecard.

Pre-payment methods such as paysafecard are popular with those wanting to monitor the amount they are spending and depositing (remember you should never gamble more than you can afford to lose), as well as being popular with punters not wanting to link their bank account to a betting account.

The paysafecard is accepted at many UK betting sites, allowing you to fund your account via a secure pre-paid option which you are in control of.

If you’ve landed on this page trying to find out which bookies accept paysafecard, our comparison tables and guides have all the information you need, with the list of bookmakers accepting this payment method increasing regularly.

Bookies accepting Skrill

Skrill, formerly known as Moneybookers is another popular e-wallet service which can be used for online transactions, including the funding of your betting account. Various forms of payment can be linked to your Skrill account – including bank accounts, debit cards and credit cards – which in turn can be linked to your account with an online bookmaker.

Skrill is safe and secure and the service is used by millions of people. An ever-increasing number of online bookmakers, including new betting sites, now accept it as a payment method.

It is a convenient payment method as it eliminates the need to disclose your payment card details online (except to Skrill), and you don’t have to enter multiple payment details into the betting sites you use.

Skrill is actually becoming one of the most popular methods of making online payments in the United Kingdom, quickly catching up to the likes of PayPal.

If you’re looking to find out which betting sites accept Skrill, our comparison tables and guides have all the information you need on the bookmakers that accept Skrill at UK betting sites and in other countries around the world – the payment method is currently accepted at over 200 countries worldwide!

Bookies accepting Bitcoin

Created in 2009, Bitcoin is a cryptocurrency which has fast established itself as a popular payment method. A decentralized digital currency without a central bank, it operates on the peer-to-peer bitcoin network and has recently found itself becoming more and more popular as a payment method with betting sites.

Some new betting sites are starting to accept Bitcoin, and with cryptocurrencies likely to gain in popularity in the coming months and years, it is no surprise to even see a bitcoin only betting site opening for business.

Bitcoin is popular with some punters due to its high levels of security as well as it’s fast processing times and it wouldn’t be surprised to see some Bitcoin exclusive bookie specials being offered as the payment method continue to rise in popularity with some punters.

If you’re looking to find out which bookmakers accept Bitcoin, our guides and comparison tables allow you to search and filter the betting sites which use Bitcoin at bookmakers operating in your country.

Payment Methods Betting Online FAQs

Which are the most popular payment methods for betting?

Traditional payment methods such as debit cards and credits cards remain popular payment methods, as does depositing directly from a bank account. Online bookmakers widely accept e-wallets such as PayPal, Neteller and Skrill, while Apple Pay and Google Pay are also accepted at some betting sites. Prepaid cards are also becoming increasingly popular with online bookies, with the paysafecard widely accepted with UK betting sites.

Which bookmakers accept Neteller?

Neteller is used by a number of betting sites, although legal issues mean that customers using bookmakers in a number of countries (including Albania, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macau, Singapore, and Turkey) are not permitted to use this e-wallet as a payment method and will have to deposit using an alternative.

FreeTips.com has a full list of which betting sites accept Neteller, with a quick and easy to use comparison table available showing the bookmakers allowing you to use Neteller in your country.

Which betting site offers free bet?

Most online bookmakers offer some kind of free bets to new customers, and, from time to time, existing customers can claim free bets as well. Betting site offers such as free bets can come in several forms including, a deposit match bonus, a first bet bonus, risk free bets.

Some free bet offers may depend on the payment method used to deposit. Our bookie specials page will tell you if any free bet offers require you to deposit via a specific payment method, or whether a certain deposit method is not accepted for a particular bookmaker promotion.
FreeTips.com have comparison tables showing which bookmakers offer free bets or a welcome bonus, as well as details on how to claim your free bet.

Which bookmakers offer Cash Out?

Cash Out is available on selected markets at most major betting sites. The popular feature allows punters to settle bets early – cashing out for a profit before the event has finished, or for a smaller loss than could be expected if your bet is looking unlikely to win.

Top betting sites offering Cash Out include: bet365 (which also offers a Partial Cash Out option), Betfair, BetVictor, Paddy Power and William Hill.

Which bookmaker accept PayPal?

PayPal is accepted at many betting sites in the UK. Betfair led the way by becoming the first betting site in Europe to use PayPal, and the e-wallet is now used by a number of top bookmakers in the United Kingdom and throughout Europe as a payment method for deposits and withdrawals.
Some bookies may offer free bets or a welcome bonus for new customers based on their initial deposit being made via PayPal.

Which is the best betting site?

Everyone looks for different things from a bookmaker – it isn’t as simple as picking whichever betting site your mate uses – and most have good points as well as bad points. The best bookmakers tend to be those with a solid all-round offering. They should have a wide range of sports and markets to bet on, as well as good odds and live in-play betting. The best betting sites should also offer great 24/7 customer service, a good free bet offer, plus a range of deposit and withdrawal methods (as well as quick withdrawals).

FreeTips.com’s favourite online bookmakers at time of writing include bet365 and William Hill.