The best online betting sites will allow you to deposit and withdraw using a vast number of methods and payment options, others offer just a few. At OnlineBetting.org.uk we have done the research for you to help you pick the bookie with the right banking methods for you. We weigh up the pros and cons of the various payment options offered by UK online bookmakers.
Ever wondered what Skrill or Bitcoin is? What are the benefits of using various payment services? If you already have a traditional or digital payment method then where can you use it? Which bookmakers have the lowest minimums or highest maximums? What penalties or fees are there for using these services and how easy are they to set up and use? We have all the answers you need to make sure you bet in a fun, safe and secure way.
In this section we break down banking and payment options by type. Click on the payment options for additional details and information. For casino payment methods visit our sister casino site OnlineCasinos.org.uk.
Card and Bank Methods
Most online accounts are funded through debit and credit cards. If you are unsure what card is the best to use or if you may incur any fees for using certain providers or card types then read our payment guides below. We have researched all major credit and debit payment methods and list all of our recomended bookmakers who provide them, along with minimums, maximums and any fees or charges.
The card is still the most universally accepted form of payment for online gambling. For the widest choice, lowest limits and largest maximums transacting using your bank or store card is one of the best ways to go.
The vast majority of credit cards are issued through Visa or MasterCard although there are other varieties about. One in particular being American Express.
Most bookies will accept a wide range of credit payment options although AmEx is rarely accepted due to high processing fees associated with the product. If you would still like to use AmEx on a betting site then we can tell you some other ways to do it.
A bank wire or transfer is simply an authorisation for you bank to transfer money from your account to another bank account. In the UK we tend to refer to these payment types as BACS, CHAPS and faster payments.
All essentially do the same thing but some may take more time than others. Bank wire transfers to online bookies don’t usually come with a fee but your bank can charge you a fee for using these services especially if transferring between different countries and currencies.
From April 2020 credit cards can no longer be used to gamble online or offline in the UK, this includes using credit cards via eWallets. If you wish to continue to bet in the UK you will need to use a debit card, eWallet or other means to deposit.
These changes were brought in on the recommendation of the UKGC due to high proportional use by problem gamblers and associated high fees from providers that penalise users.
The Visa and Maestro, and other debit card, payment methods are very widely accepted by UK online bookmakers.
Debit cards are usually linked to your bank account and are drawn from your credit balance.
This is the most widely accepted payment method and betting accounts can be funded, if in the same currency, without any transaction fees.
Pre-paid debit cards are also available.
Entropay is a pre-paid virtual VISA card accepted by many UK and European betting sites. Entropay offer one of the safest and secure payment methods you will find. With entropay you can keep track of your betting and ensure you don’t ever go overdrawn.
All bookmaker sign up bonuses are available with entropay, unlike some other methods such as Skrill. Minimums, maximums and processing time are all similar to conventional VISA cards.
Trustly provide an ‘account-to-account’ platform that basically lets you make deposits and withdrawals between your bank account and a betting site, but without needing to give any banking details to the gambling site itself.
There are no fees and no money is stored with Trustly; it is simply a transfer service that is far more secure than direct bank transfers, especially if you bet with multiple sites. It’s also useful if you use more than one bank account, because you can access them all directly from the same place using Trustly’s open banking technology.
eWallets, Digital Wallets & Digital Currency
eWallets or Digital Wallets are basically an intermediate storage method for your cash. These accounts are funded from your existing bank account and you can control how money moves into and out of the account. There are several main benefits of digital wallet systems. A real draw is not having to constantly enter card numbers and codes to websites, simply enter your eWallet account number. If you cancel your bank card, change your bank card or are reissued with a new card following expiry then you only need to enter the new details in once place. This way you don’t need to visit loads of different sites changing your payment details.
Digital accounts are very useful for those with several of online betting accounts, these allow you to keep your transactions in one place so you can monitor your winnings and loses more easily. Another major benefit of this system is the fact that bookmaker transactions do not appear on your bank statement, only the transaction to the eWallet. This can give you added personal privacy and security.
Finally if you happen to be somewhere where online gambling is restricted, or indeed if you use an account that is based somewhere where there are gambling restrictions, then eWallets are a great option for you. We are not saying that you should do anything unlawful, but are simply pointing out the fact. Below we show you some of the pros and cons of using eWallets to fund your online betting sites.
If you have an Apple iPhone, iPad, Watch, or any other touch ID enabled device from the company (including MAC’s) you can now use your Apple Wallet to deposit into some online bookmakers directly through the app or website. This is the most convenient and instant deposit method I’ve ever seen.
The service is fee free with similar limits to card payments and is highly secure, replacing your personal details with a one off security token so that your bookie has no need to see or store your card details.
Initially seen as a flash in the pan idea that wouldn’t catch on, Bitcoin has beaten its doubters to become the largest decentralised cryptographic virtual currency.
With Bitcoin you become your own bank, storing, sending and receiving payments digitally.
The system is fast, secure, very cheap and can pretty much be used anywhere in the world. It’s greatest weakness, is liquidity.
That said, some betting sites in the UK are now accepting Bitcoin deposits and this is a great new alterative to traditional banking methods for those who want to be at the forefront of the future.
If you want a major alternative to the services describe above to fun your online bookmaker account then consider ecoPayz, now rebranded as Payz. Less well known perhaps but with all the features and services available from the PaySafe Group and PayPal (including associated MasterCard, prepaid cards and more) this operator have actually been around since 2000 making them one of the oldest eWallet services in existence.
New customer free bets and bonuses are not usually restricted with ecoPayz unlike Skrill and Neteller and therefore this is one of the biggest benefits in using ecoPayz as an alternative to the others.
Another major e-money provider. Everything works on the same principles as PayPal. The service was created in Canada and moved to the Isle of Man in 2004 and is classed as an authorised electronic money institution by the UK government.
Neteller have a long association with betting websites and at one point were estimated to be processing payment for 80% of the world-wide gambling sites. Unfortunatly although most bookies accept this payment option previous abuses mean many bookies do not offer welcome bonuses for accounts funded by this mechanism.
The most popular eWallet service in the UK, I would be surprised if you haven’t heard of PayPal. Originally PayPal took off through its association with eBay but have recently begun to spin off as an entirely separate entity.
The principle is simple, authorise your bank account(s) and card(s) with PayPal and you can add or remove funds to your eWallet, using your eWallet you can then deposit to or withdraw from online bookmakers. PayPal is widely accepted for most bookies but there are some exceptions.
Skrill, formerly known as Moneybookers are an e-commerce company, UK registered and regulated by the financial conduct authority (FCA), they are licenced to operate in the EU. Launched a few years after PayPal and Neteller, the principle is again the same.
Skrill are part of the Paysafe group which also owns Neteller and PaySafeCard. As with Neteller, Skill payments are widely accepted by bookmakers but unfortunately similar controversy means many do not give welcome offers to accounts funded this way.
Cash and Cash Alternatives
The switch from high street to online bookmaking has been brilliant for the punter for so many reasons. There are more bet types available, a greater range and depth of markets, games, live betting, streaming and most importantly tons of better value promotions and offers around. One of the only downsides to this however is the lack of options to bet in cash.
In the old days most bets were placed in cash, but what do you do if you still want to bet in cash but you want to use an online account? Do not worry there are options out there for you, from depositing cash in betting shops to use of pre-payment cards and cash voucher services such as PaySafeCard. Read our guides below to find out more.
Some of the bigger bookies that still have a high street presence will allow you to deposit and withdraw to and from your online account direct through their existing betting shops, others allow you to withdraw from ATMs using linked pre-paid cards.
For whatever reason you want to bet in cash you shouldn’t be excluded from accessing the great markets, features and offers available online. Find the best bookie for betting in cash online.
Services such as PaySafeCard can be used to load funds into your online accounts without the need for a bank account. Voucher can be purchases online or in certain high street shops using cash or any other major payment method.
Many bookies now accept these payment methods too, and although there are restrictions on withdrawals and generally lower limits this is a good means to pay in cash with online only bookmakers.
Ukash was a form of cash voucher that allowed you to load money into your betting account you simply need the voucher number, no bank details required.
Ukash is now part of the Paysafe group and all of the services Ukash used to provide are now available through PaySafeCard.
If you would like to know more about Ukash and how it worked you can still read our page.
Other Payment Options
There are plenty of other banking options available for depositing funds to UK betting sites.
We can’t cover every method but you will find some of the other major payment methods from BACS and Bank Wire to the good old Cheque listed below.
Bank transfers in particular are very common means to fund online bookies, in part due to the fact they usually come with the highest maximum limits and no fees.
Cheque Betting Sites
Western Union Betting Sites
Details of betting sites that accept Western Union transfers can be found in the payments sections of our bookmaker guides.
Minimum and Maximum Bets, Deposits and Payouts
The variation between individual betting sites minimums and maximum deposits and bets can be quite astonishing. We have created the articles listed here to help you find the online bookmaker with the right terms to match how you would like to fund an account and bet your cash.
Most bookies set limits on maximum deposits and withdrawals, this is often more to prevent fraud than anything else. Find the sites with the right deposit, withdrawal, stake and payout maximums for you.
There is no point winning a million if you are restricted to withdrawing it a few grand at a time, likewise there is no point putting on a large bet if your payouts are capped. We list sites maximum payouts and withdrawals so you don’t get caught out.
Deposit minimums can be anywhere from just £1 to hundreds dependent on where you bet and what payment method you use.
Low minimum deposits doesn’t always mean low stakes bets either.
Depending on who you play with the minimum stake can vary from 3p to £2 for singles and terms for multiple bets can vary a fair bit too.
Find the bookmaker with the best limits on funding your account and withdrawing your cash.
The articles below are related to finance, banking, payment methods or funding a gambling site. For more see our betting guides section.