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Payment Options

Which are the most common payment options you can come across in an online bookie, besides cryptocurrencies?

Nowadays, some gambling platforms offer different kinds of bonuses, some of which don’t require a deposit. Often referred to as “no deposit bonuses”, those things provide users with a certain amount of money to place bets on sports and play casino games.

Sadly, even some of the most advanced gambling websites haven’t included this proposal yet. Therefore, users who want to take advantage of the things a given bookie offers need to make a successful deposit. This explains why some gambling sites offer all sorts of payment solutions.

Besides cryptocurrencies, such as Bitcoin, Dogecoin, Litecoin, and Ethereum, some operators offer several other alternatives. Without further ado, let’s check them out.

Credit and Debit cards

Although some people consider those options to be archaic, according to the expert Valentin Tanev, the 888 sportsbook deserved a score of 4.6 because it lets its clients make a deposit and get their winnings using the most popular credit and debit cards. Unlike cryptocurrencies, those things have been around for many years. In fact, they are the main payment solution for most people worldwide, despite their numerous disadvantages. That’s why they are available on almost every online bookie, besides those that focus only on cryptocurrencies.

The big disadvantage of using a credit/debit card is that you risk your banking details. Hence, many punters prefer using other options when it comes down to online betting.

E-wallets

The second option is probably the most popular one yet. Needless to say, it also affected the rating of 888’s sportsbook because it is one of the operators that offer different types of e-wallets.

Similar to cryptocurrencies, things like Neteller and Skrill offer fast and relatively safe transactions. As a result, people can usually make instant deposits and claim their winnings within a few hours.

It should be noted that the majority of sports betting platforms offer all sorts of digital wallets. In fact, most brands have considerably more e-wallets than cryptocurrencies, which means that the majority of online bettors are not ready to start using digital currencies yet.

Bank Transfer

This is one of the interesting payment solutions that are available on some platforms. Sadly, it is nowhere near as popular as it once was, but this shouldn’t come as a surprise because making a bank transfer is always risky.

Instead of providing instant transactions like most cryptocurrencies, the bank transfer almost always has a processing time. That’s because a bank employee has to review and confirm the transaction, especially if the bookie is not registered in the same country as the bettor.

Another interesting fact about bank transfers is that they have a fee, which is usually percentage-based. Therefore, the more money you deposit, the larger the fee. Of course, there are some positives of using this payment solution, such as making larger deposits and withdrawals. Make sure to check your banking limits because you may not be allowed to add or pull out more than a certain amount of money per month.