Welcome to BettingDeposit.com. We rank and explain the best betting deposits, payment methods, and banking options at licensed betting sites 2021 and beyond.

Depositing at online betting sites does not have to be complicated, but the process can be frustrating depending on where you place your bets. Mobile sportsbooks do not always explain how betting deposit options work, which methods are accepted, and how much new customers can deposit.

Our aim at BettingDeposit.com is to make it easier for gamblers to make betting deposits and payments at reputable betting sites known for quick withdrawals and competent customer service.

Best Betting Sites

Bookmark us for unbiased, honest info related to online betting sites, bonus offers, current deposit methods, high limit sportsbooks, and promotional bonus codes.

Types of Payment Options

Quality online sportsbooks provide numerous deposit options to choose from depending on your country of residence and the type of method you would like to use. For clarity’s sake, we organize every betting deposit method into one of a few categories:

Bank Account Transfers

Depositing to a sportsbook to place real money wagers from a bank account transfer or “bank wire” is a great way to make a betting app deposit, especially for sports bettors who make larger deposits.  This is either done with a traditional bank wire, or a convenient e-check/ACH transfer.

Credit and Debit Cards

  • Transaction time: Instant
  • Ease of use: Very easy
  • Deposit limits: Wide-ranging

Nearly every licensed betting app accepts debit and credit card deposits. This is one of the most convenient options because it works just like purchasing something from an online retailer.

Visa and Mastercard are universally accepted but acceptance of Discover and American Express is spotty.

Deposit limits with this method tend to be flexible, with customers usually able to deposit as little as $10 per transaction and as much as several thousand dollars depending on the sportsbook.

Important things to know about depositing with a credit or debit card:

  • Not all card issuers support online betting: Some issuing banks automatically decline all transactions related to online sports betting and gambling. This may be due to financial institutions viewing such transactions as being at high risk of chargeback or due to conservative polices left in place from the days before online gambling was legalized. Customers who have problems depositing can try contacting their bank or using a different deposit method (most other methods are similarly convenient).
  • Credit card deposits may incur a cash advance fee: Some banks treat all credit card transactions related to gambling as cash advances and charge a deposit fee.

Cash via PayNearMe

  • Transaction time: Up to 30 minutes
  • Ease of use: Medium
  • Deposit limits: $10 to $500 per day (subject to some variance)

For customers who are more comfortable playing with cash, PayNearMe can be used to turn physical currency into an online betting bankroll. Bettors who choose this method are given a pay slip that they can either print or save to their mobile device to pay at the nearest PayNearMe location.

Sports betting sites are notified of PayNearMe deposits in real time and credit players’ accounts immediately. The two major downsides to PayNearMe are that it requires a trip to the nearest location (usually a 7-Eleven, CVS or Family Dollar) and that maximum deposits are typically limited to $500 or $1,000 per day.

PayPal

  • Transaction time: Instant
  • Ease of use: Easy for current accountholders; medium for new users
  • Deposit limits: Wide-ranging

PayPal is very easy to use for customers who already have an account but requires new customers to register an account prior to first use. Registering an account is pretty easy, but it still takes a couple minutes and isn’t quite as easy as simply depositing via credit card or eCheck.

However, once an account is established, PayPal is highly convenient. It can be used to make deposits, receive cashouts and to quickly move money from one online sportsbook to the next. Frequent bettors can also use PayPal as a safe holding place to keep their sports betting bankroll separate from their other money.

Skrill

  • Transaction time: Instant
  • Ease of use: Medium
  • Deposit limits: Wide-ranging

Skrill is another e-wallet similar in fashion to PayPal. A Skrill account allows bettors to make deposits from their bank account or credit card, make purchases online and to receive cashouts.

Ewallets

The most popular sportsbook e-wallet deposit options are Skrill and Neteller sportsbooks for international depositing. Paypal sportsbooks are also becoming popular in the US, UK, Canada, and most of Western Europe.

Prepaid Vouchers and Gift Cards

Prepaid betting vouchers like Paysafecard are a safe and convenient way to make anonymous deposits or pay with cash.

Wire Transfer

  • Transaction time: Up to 24 hours
  • Ease of use: Cumbersome
  • Deposit limits: Very high limits

Wire transfers are not very convenient as they usually require a trip to the bank and usually incur fees, but they are useful for very large deposits. There are better methods out there for smaller deposits, but customers who need to move a large bankroll should consider the wire transfer.

Check or Money Order by Mail

  • Transaction time: Two weeks
  • Ease of use: Cumbersome
  • Deposit limits: Varies

The number of betting sites that accept personal checks and money orders by mail is dwindling, but some operators do still take this method. Customers can get started by choosing “check” from within the cashier for a mailing address and instructions. Anyone in a hurry should be aware that this is by far the slowest deposit method of all.

Other Payment Processing Methods

Each category above covers multiple deposit methods that bettors can use to fund an account at your favorite online bookmaker or sportsbook.

Be sure to see our deposit method reviews for more information on the most popular options. There, you will find more information about that method, an explanation of how it works, and a list of the best online betting sites that accept that method.

Methods All Around the World

Not all betting deposit methods are available in every country, so we built a complete guide to depositing in every country. Our country-specific deposit guides explain the most popular deposit methods in each jurisdiction and provide recommendations of where to bet for simple deposits and fast withdrawals.

PayPal betting sites are in high demand in regulated gambling markets, particularly the UK, many European countries, and some US states.

Finding accurate information on which betting payment methods are available in every country is not easy, so please feel free to contact our team for assistance.

First Deposit Bonuses And Signup Incentives

Taking advantage of deposit bonuses at online sportsbook apps can make a huge difference in your profit and edge. We’ve listed the biggest betting deposit bonuses and recommend safe and legal online betting sites with a trustworthy history.

We’ve compiled some examples of different types of betting deposit bonus offers and welcome promotions available.

Small Percentage Deposit Match Bonuses

Some betting apps offer players a small deposit matching bonus, often 10% or 15% of their first deposit, these bonus funds can be used to make wagers, but bettors cannot cash out the bonus money itself.

However, any winnings for players who make successful bets are cashable.

In order to claim deposit match bonuses, players need to make a deposit, and then sportsbooks will add the eligible amount to the account.

In some cases, promotional codes might be needed when making a first deposit at a betting site.

Refer-a-Friend Promotions

Most online sports betting apps offer incentives in the form of a flat rate refer a friend bonus where players are rewarded if someone they refer signups and makes a deposit based on their recommendation.

Free No Deposit or Risk-Free Bets

“Free bets” and bonuses offered by online sportsbooks aren’t always “free”.

Most operators require players to make a minimum deposit to claim a free bet promotion.

Cash Back and Rebates On Losing Wagers

Many sportsbooks offer a percentage cashback promotion, which is distributed monthly based on losing bets or total bets. Sports betting sites frequently offer “can’t lose” offers during major events – where players can make a bet, and if they lose, it’s refunded.

Legality

The legality of online betting varies by country. In some places, online betting operates in a grey area, making it difficult to understand if it is even legal to bet online.

Always make sure to check your local laws for any restrictions before placing real money wagers online.

BettingDeposit.com strongly recommends gamblers only deposit at licensed betting sites that are regulated, legal, and reputable.

Wagering at legal and licensed betting sites, and avoiding offshore sportsbooks, is the only way to count on getting paid in a timely manner, without excessive fees and fast processing times. Doing so also ensures gamblers are paid quickly when withdrawing their winnings.

About BettingDeposit.com

BettingDeposit.com was founded by an experienced team of veterans who know from firsthand experience how frustrating it can be to make deposits online and receive quick withdrawals from legal sportsbooks.

Our industry experience and connections ensure we are informed of the latest developments in payment processing, and we pass that information on to our readers.