Transaction options and ease of payments and withdrawals are of vital importance when trying to choose the best bookmaker to your liking. Whether you are already signed up to a betting company, or trying to figure which one you should register on, you should remember that regardless of the odds and bonuses offered, you must always be able to withdraw your money in a quick and easy fashion.
The following table will allow you to browse among every available payment method on online bookmakers as well as find valuable information on the transaction fees and the time it takes to complete your withdrawal. By clicking on a payment icon (i.e. Paysafecard, Skrill, Neteller ) you can see detailed info about the selected transaction method.
Anti Money Laundering
In order to prevent money laundering, the European Union (Directive (EU) 2015/849) has set strict regulations regarding transactions on betting companies. This means that you can only withdraw your money through the same method you used to make a deposit.
Given that bookmakers are regulated under different jurisdictions and have to follow various monetary rules that apply to each country, you might find that some bookies impose certain transaction fees on some payment methods. This means that sometimes a payment method might be preferable to another, due to the fact that the betting company will not charge you with a withdrawal fee. Obviously certain bookies will proceed with this practice regardless of any legally enforced obligations, you are however advised to utilize every payment method at your disposal (credit & debit cards, e-wallers etc.) in order to avoid being charged with any added fees.
Most Popular Payment Methods
Paysafe card: This is perhaps the easiest and most straightforward payment method. You can purchase a paysafe card on a multitude of shops and receive is a receipt that contains a voucher code with 16 numbers. Upon entering this code on the bookmaker's website, your account will be credited with the same amount you spent on the paysafe card. It is ideal for any punter who wishes to control how much money he wagers and does not want to use his credit card. However, not all bookies accept paysafe cards and you should remember that if you make a deposit through this method, you can only withdraw your money via your bank account.
VISA/ Mastercard: You are possibly using your credit card for everyday payments, given that it is far preferable to carrying around coins and bills. What you might not know, is that you can use your VISA/MASTERCARD credit or debit card in order to make transactions on your chosen bookmaker. You simply have to fill in certain information of your card on the appropriate screen and proceed with your payment. It is one of the fastest ways of depositing and withdrawing money and in most cases, will not require an added fee. Betting companies will remind you to NEVER share the details of your card (such as your PIN), as all that is needed for a transaction, is the CVV number and the password you are using on your betting account.
Skrill: Skrill (formerly known as Moneybookers) is a handy e-wallet that can be used on pretty much any bookmaker in the world. It allows for higher limits on your deposits and withdrawals and you won't charge you with any added fees. For a small amount each year, you can obtain a Skrill Mastercard that can be used in order to withdraw money from any automatic transaction machine (ATM).
Neteller: The Neteller e-wallet can also be used on every bookmaker, but it offers higher limits compared to Skrill. On rare occasions a bookie might charge you for using Neteller, in which case you are advised to use a different payment method. You can obtain the Net+ Mastercard for a certain membership fee and withdraw money from your account through any ATM in the world.
Paypal: Paypal is the leading online e-wallet and one of the safest and quickest ways to move money around on the internet. Like any other e-wallet, you can use Paypal to deposit money on your account with no added fees, while withdrawals are usually concluded within 24 hours. Bettors using PayPal will have the security of a well respected company protecting their identity and funds.
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