What are the most common payment methods?
The number of payment methods players can use to make their deposits and withdrawals has really increased in recent years, especially with the rise of E-Wallets. Let’s check some of the msot popular options that UK bookies offer in the moment, which will also help identify the best bookmakers.
e-Wallets are the most commonly used payments methods used by many bookmakers. They include:
Most bookmakers use it for instant deposits and withdrawals that take a little longer to process.
Also referred to as Moneybookers, Skrill is also popular among bookmakers to process deposits and withdrawals.
Most bookmakers only allow deposits with Entropay. However, the method also supports withdrawals.
It is a safe and secure method to deposit money into customers’ accounts. Sadly, this method does not support withdrawals.
It is probably the widely used payment method worldwide. Bookmakers also allow Paypal for deposits and withdrawals.
This method is suitable for deposits as well as withdrawals. All deposits made using WebMoney are instant while withdrawals take a longer time to be processed.
InstaDebit is only available in selected countries; therefore only bookmakers operating in such countries allow it as a payment method.
Almost all bookmakers allow deposits and withdrawals using credit or debit cards. The process deposits instantly, while withdrawals can take up to 7 days to be processed. The most commonly acceptable cards by bookmakers are Visa, MasterCard and Maestro.
Some bookmakers allow their customers to deposit or withdraw money directly from their bank accounts using bank transfers method. Such a method is called a Bank Transfer It offers instant deposits and delayed withdrawals from betting accounts. Bank Transfer facilitates transactions between betting accounts and customers’ bank accounts.
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Are There Bonuses for using specific payment methods while betting in the UK?
Yes, there are. Most bookmakers in the UK award their customers with betting bonuses only if they use a specific payment method to make a deposit. On the terms and conditions of the bookmakers’ bonuses, customers can find the deposit methods that they can use to be eligible for the bonuses.
For welcome bonuses, for instance, most bookmakers only award customers who use certain deposit methods, as stated in their bonus rules. Customers who do not use the specified deposit methods will not receive the bonus. It is therefore important for customers to keep an eye on such rules.
Other bonuses that UK bettors get when using specific deposit methods include all deposit bonuses and reload bonuses. These methods require customers to make a deposit to claim them; therefore, bookmakers specify which payment method qualifies for the bonuses. Some of these bookmakers deposit methods that have bonuses include,
- Visa Card
- Bank Transfer
Those are the most common deposit methods that earn customers bonuses. Entropay, Skrill, and Neteller also carry bonuses, but very few bookmakers give out bonuses to customers who have used such methods to deposit money. As earlier mentioned, the bonus rules of each bookmaker should be taken into account if customers want to receive bonuses.
Mobile Payments to Bookmakers
Another method in our list of bookmakers deposit methods is the mobile payments method. It is possible to deposit money into customers’ betting accounts using their phone bill. However, very few bookmakers accept this method. For the bookmakers who accept the mobile payment method, they use Boku. Boku helps to facilitate the mobile payments transactions. Customers who choose Boku as a payment method will be required to verify the mobile phone number they used while registering for the service. The verification of the phone number is done through a text message sent to the number. After verifying their mobile phone numbers, customers can go ahead and use Boku to deposit money into their betting accounts. Many bookmakers facilitate payments and withdrawals to be by their bookmakers’ apps.
It is important to note that bookmakers only allow deposits using this method and not withdrawals. After making the deposit, customers can choose a different payment method to withdraw money from their betting accounts. Examples of bookmakers that allow payments by phone bill are Bet365 and Paddy Power.
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