One of the great things about online bookies are their sign-up and deposit bonuses. But to be able to claim these perks, first you have to deposit funds into your account. So what are the safest ways to deposit funds into your online betting account and which countries accept which payments?
The following information is a very general guide. Check your favourite online bookie for more precise information on their particular favoured deposit methods. You will notice a lot of the following payment methods are available for use by American customers; this is because of the USA’s restrictive betting and gambling laws which mostly prohibit online gambling.
Also bare in mind that most online casinos and payment methods have minimum deposit amounts which vary from country to country, currency to currency and deposit options.
Credit and debit card bookie deposits
Credit and debit cards are generally a pretty safe bet when it comes to trusted deposit methods that can be used across the majority of online bookies around the world. This is because of their use in daily transactions for all types of purchases by a large amount of the international population, and thus their safety and security is globally recognised.
As a rule of thumb, Visa is almost universally accepted through online bookies the world over – even American customers can use Visa credit cards to make deposits, providing they are enabled to make international purchases via that specific card.
Mastercard is almost as universally used across the world: Australia, New Zealand, Great Britain and most of Europe and Asia. However, Mastercard can not be used by American customers. Maestro is another credit card that is widely accepted but is, once more, unfortunately not eligible to be used by American customers.
Depositing funds in your online bookie account is safe and simple. Most online bookies will ask some simple card details and the amount you wish to deposit and most transactions go through immediately. Safe, simple and quick.
Direct bank transfers
This is another simple, safe and widely accepted method of depositing funds into your betting account. Again, this is not on offer to American customers.
When depositing via direct bank transfer your online bookie will usually supply you with their account number and BSB number. From there, you can transfer directly into your account online or you can make a deposit in person at your local branch.
POLi is a online payment service exclusively available to customers from Australia and New Zealand, and only accepted by Australian and New Zealand bookies. It’s a great alternative to PayPal, which doesn’t like to be associated with gambling deposits.
Australian banks used by POLi are:
- Bank of Melbourne
- Bank of Queensland
- Bendigo Bank
- Commonwealth Bank
- IMB Building Society
- ING Direct
- ME Bank
- Newcastle Permanent
- People’s Choice Credit Union
- St. George Bank
New Zealand banks used by POLi are:
- Bank of New Zealand
- TSB Bank
POLi payments are instantly accessible, safe, dependable, fee free and produces a receipt for each transaction.
Companies that operate as Web wallets, also called e-Wallets, and are accepted by online bookies include Skrill, Neteller, iDebit and EntroPay, as well as Asian specific e-wallet AsiaPay88.
Web wallets act as an anonymous third party in to which you transfer funds then you can deposit funds into your chosen online bookie via your Web wallet with the peace of mind that your financial details remain confidential. Web wallet transactions are safe and reliable and are used by millions of people around the world each day.
Skrill and Neteller are almost universally accepted across online bookies in Australia, New Zealand, India, Europe and some Asian countries.
Companies such as Ukash and Paysafecard are unique in that you can purchase their products at a bricks and mortar establishment. Basically you buy a unique code for a certain amount of money. That amount is stored within your 19 digit unique code. You can then use your code online to deposit funds into your online bookie account.
This method is extremely secure and trusted by bookies and punters alike. Pre Paid vouchers are available for use to deposit funds the world over, except, again, for customers in the USA.
This seems to be a solely Australian method of depositing funds. Your online bookie will provide you with their BPay biller code and customer reference number. From there all you have to do is log onto your bank or credit union online, choose the BPay option, enter your bookie’s biller code and customer reference number and decide how much you want to deposit. Simple.
You can rest assured that BPay deposits are safe because the Australian Government offers BPay as a way to pay rates, vehicle registration and electricity bills. Payments can take between two and five days to clear.
It may seem like an odd and antiquated way to make a deposit into the account of your online bookie, but you would be surprised how many online bookies actually accept cheques as a method of depositing funds.
You will have to send your cheque via snail mail to an address provided by your chosen online bookie and allow for around five business days for the funds to clear. Some online bookies in Australia and Great Britain accept deposits via cheque but they often come with high minimum deposit amounts.
What about bookmaker deposit bonuses?
Once you have made your deposit you will be eligible for your bookmaker’s deposit bonus. Often the bookie will match your deposit or grant no deposit bonuses, also called freebets.
No deposit bonuses generally are freebets given to players upon registration of an account, but have wager requirements to prevent you from simply withdrawing it immediately. Deposit bonuses at bookmakers work by matching a percentage of your initial deposit. If a bookmaker offers a 100% match bonus on your first three deposits, this means you’ll get back what you put in. As an example – depositing $100 means the bookie will match your deposit by 100% – in this case, you receieve an additional $100 to wager on your favourite sports and races.
Because of the vast amount of competition in the online sports betting world, you can rest assured we’ve compiled the best deals available for all players across the world.