UK Betting Payment Methods
The range of payment methods is one of the most important factors that we consider when rating bookmakers on My Betting Sites. Fortunately, in the UK it is straightforward to deposit and withdraw money to and from a betting account. Traditionalists can use a debit card or Bank Transfer, while there are quicker alternatives such as Apple Pay and also eWallet solutions available.
Betting sites such as Coral offer many different payment methods, with some more common than others.
Each banking option has pros and cons, all of which we break down for you on this page. There are too many different payment methods to mention them all, but the main ones that you will see on all the best betting sites in 2020 are listed here.
It should be noted that some betting payment methods are for deposits only. The best banking options facilitate both deposits and withdrawals, allowing you to add and remove money from your account safely and quickly.
While there are many reasons to suggest some methods over others, our main recommendation is to use the same one for deposits and withdrawals.
As is the case with lots of online transactions, you are able to use your debit card with most if not all top betting sites. Not only is this option widely available, but it is straightforward to do as you don’t need to set up anything extra.
Debit card deposits are the best when it comes to claiming betting site offers.
In many cases, certain banking options are excluded from sign up offers, but debit cards are never one of them.
Visa is the most popular payment provider in the world, and if you have a debit card with them, it is one of the easiest and best ways to fund your online betting account.
Not only are deposits instant and free of charge, but some betting sites also allow for instant withdrawals to some Visa cards.
- Quick and easy to use straight away
- Deposit and withdraw with no middle man
- Claim betting site offers
- Requires some details to be shared
- Your bank knows where you are spending your money
MasterCard is the other most common type of debit card along with Visa, and the two both share a lot of the same advantages.
Pretty much all betting sites in the UK will accept MasterCard as a deposit method, however, some do not allow withdrawals to MasterCard. In this instance, you would need to use Bank Transfer or an alternative method instead.
- MasterCard SecureCode ensures full safety
- Takes just a matter of seconds
- Trusted by betting sites
- Sometimes ineligible for withdrawals
- You need the card with you in order to make the deposit
Debit card betting site offers
Bet £5 get £20 in Free Bets
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min €5 bet within 14 days of account reg at min odds 1/2 = 4 x €5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.
Bet £10 get £40 in Free bets
New Customers only - £10 minimum deposit using promo code "FOOTBALL" - First bet must be placed on any market - Minimum stake £10 at odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit balance is available for withdrawal at any time. General deposit method & withdrawal restrictions apply & Full T&C’s apply
100% up to £100 in bet credits
Open Account Offer. Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits 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.
£20 Risk Free plus £5 Free Bet
New customers only. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund is £20. Only deposits made using Cards or Apple Pay will qualify. £5 Same Game Multi free bet will be available to claim from the promotions hub after the qualifying bet has been settled. T&Cs apply.
£10 Free Bet
New UK customers only. £10 Min Deposit. 100% matched free bet on your first deposit of £10. 1 x wagering at odds of 1.75+ to unlock Free Bets. Debit Card & Paypal deposits only. This offer is valid for 7 days from your new account being registered. Full Terms apply.
5 x £20 Free Bets
New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply.
Bet £5 get £30
New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Sports/Virtual Sports Free Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Payment Cards only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly
Bet £5 get £20 in Free bets
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply.
Up to £40 Welcome Bonus
Brand new UK Licence!
18+. New depositing players on STSbet.co.uk only. Promotion from 11/02/2020 until further notice. First deposit min £10. Qualifying bet: min. £10 accumulator bet with at least two selections with min odds of 1/2 (1.50) per selection. Bonus: 50% of the amount of the first bet. Max bonus £40. Min 6x wagering with bonus on min odds of 1/2 (1.50) before withdrawal. Deposit method restrictions. Bonus valid for 7 days. Full T&Cs apply. BeGambleAware.org.
Apple Pay is a digital payment tool that can be used for quick transactions on Apple devices, most notably the iPhone.
Some betting sites and apps accept Apple Pay, and this is perhaps now the fastest way to add funds to your account. Sadly, you will need to use an alternative method to withdraw your funds.
- Fastest way to pay
- Free and convenient
- Supports a wide range of bank cards
- Cannot be used for withdrawals
- Exclusive to Apple devices
An old-school and straightforward payment method, bank transfers do exactly what they say on the tin. No middle man is needed - you simply enter the relevant details and your bank will make the payment.
The majority of bookmakers will allow bank transfer transactions for both deposits and withdrawals, making it a reliable method especially when dealing with large sums of money.
- High limits for deposits and withdrawals
- Simple and familiar for users
- Completely safe, with no third party involvement
- Processing time is longer than other methods
- Less suitable for smaller money players
Neteller is an eWallet that has become an increasingly common payment method on online betting sites in various countries, including in the UK.
Using your bank account, you can load your Neteller wallet with funds, and you can then complete transactions with betting sites without having to keep using your bank card.
- One of the quickest payment methods
- Trusted and secure banking option
- Means your bank doesn’t see gambling activity
- Topping up your Neteller account incurs fees
- Excluded from some bonus offers
One of the most popular payment methods on betting sites, Skrill is a UK-based eWallet service that allows users to make transactions with a variety of online shopping services, plus online betting sites.
It takes a matter of minutes to set up an account, and once verified you can add money to your Skrill wallet via debit card, and then proceed to deposit and withdraw to betting sites.
- Deposit instantly and withdraw very quickly
- No need to share bank details with bookie
- Excellent customer support
- You may need to pay a small fee
- Exempt from some sign up offers
While other eWallets are making waves within e-commerce and online betting, PayPal is still the undisputed number one in terms of popularity and usability.
PayPal is accepted by many leading online stores, plus sportsbooks and casinos.
Many bettors already have a PayPal account, but if not, it is quick and easy to set up, and once linked to your chosen betting site, transactions could not be more straightforward.
- Biggest and best eWallet
- Widely accepted by top brands
- Withdrawals can be almost instant
- There are foreign currency conversion fees
- Acts as a middleman
Used in 173 countries worldwide, ecoPayz has been around since 2000 and although it may not be available on as many UK betting sites as some other eWallets, it is still a solid and popular option.
Their platform is slick, smooth and easy to use. In most cases, if you are able to deposit on a betting site using ecoPayz then you will also be able to withdraw using the same method.
- Biggest and best Wallet
- Widely accepted by top brands
- Withdrawals can be almost instant
- Lesser seen than other eWallets
- Fees may apply
Paysafecard is a prepaid card service in which you purchase a PIN which can then be used to pay for services and goods online.
You can buy a Paysafecard PIN in shops or online, and many betting sites accept this as a deposit method, which is highly convenient.
While depositing with Paysafecard is quick, easy, and anonymous, you will need a separate payment method for withdrawals.
- No bank account needed
- Twelve months fee-free for each PIN
- No personal information will be shared
- Not eligible for withdrawals
- Small limits
Cryptocurrency has not fully infiltrated the online betting sphere, but it might be just a matter of time before it does, and Bitcoin is one currency that has started to appear on betting sites in recent years.
Getting hold of Bitcoins isn’t always easy, but if you do have a BTC wallet loaded with them, then it is not difficult at all to use them on betting sites that accept Bitcoin, which for now is not many.
- Unregulated and untraceable
- Quick transactions to and from bookies
- Great for tech-savvy punters
- The currency is volatile and can drop in value
- Not available on many betting sites
Some bettors prefer not to make transactions online using their debit card or an eWallet, and luckily for them, several bookmakers that also have a presence on the high street allow punters to connect their offline and online activity.
This means that you can walk into a betting shop and deposit cash which then becomes available to use on an online account.
Then, if you win money online, you simply return to the shop and collect the cash.
- No online transactions required
- Ideal for traditional punters
- Keep your gambling activity away from the bank
- Can only deposit and withdraw during store opening hours
- Large cash deposits may be questioned
Betting Payment Methods FAQ
✅ What are the best PayPal betting sites?
💳 Can I bet online without giving my card details?
💰 Do I have to deposit and withdraw using the same method?
It is recommended that you choose a deposit method that you can also use to withdraw, which is the case with Visa, PayPal, and most other eWallets.
🤔 What is the best payment method on UK betting sites?
There is no right or wrong banking option to choose when it comes to online betting sites, but there are some significant advantages that some have over others. For example, debit card deposits are eligible for most if not all betting site offers, while eWallets may be exempt however banks cannot trace your gambling activity if you pay through certain eWallets.
💸 Which online betting site payment methods are free?
Debit card deposits and withdrawals are usually free, but the terms of each betting site can differ. eWallets often have charges associated when adding or removing funds, and bank transfers can also incur fees but only small ones.