In the past decade or two, online gambling has become more regulated and widely accepted in many parts of the world. So many of the top banking and payment solutions now support online betting transactions. If you’re looking for a rundown of the best payment methods for international betting, this guide offers just that.
E-wallets
Electronic wallets are the most used betting payment methods. What makes e-wallets more attractive than other methods is that they are incredibly safe and don’t reveal your banking details. They also support deposits and withdrawals and can store your betting funds, which is great for monitoring your gambling expenses. Among the best international e-wallets is PayPal. If you want to join the thousands of other bettors who fund their bets via PayPal, SportyTrader has all the top sites you can join and claim attractive bonuses.
Other popular e-wallets include:
- Skrill
- Neteller
- Google Pay
- Apple Pay
Debit/Credit cards
Deposits at online betting sites are mostly done through card payments. It’s not only the most popular but also the easiest way to quickly top up your account. You only need to enter your card details once, and afterwards, you can deposit within seconds by selecting the relevant card under the banking section of the betting site. Since bank cards are issued by banks, they also use bank-grade security and are well-secured. The only downside is that card payments are not always available for withdrawals.
The following debit/credit card brands work seamlessly for cross-border transactions:
- Mastercard
- Visa
- Discover
- American Express
Cryptocurrencies
Cryptocurrencies are a relatively new addition to the online betting scene, and these payment options use blockchain technology to ensure safe, anonymous and transparent transactions. Crypto payments are peer-to-peer, with no middleman. And this means they are generally very fast. Also, they are not geo-restricted and can be accessed from anywhere in the world where they are legal. These digital coins are still not widespread among betting operators, but a good number of sites are already accepting BTC (Bitcoin) and ETH (Ethereum).
Other common coins are:
- DOGE (Dogecoin)
- USDT (Tether)
- LTC (Litecoin)
Bank Transfers
Many consider bank transfers an archaic way to transact, given the many modern online banking solutions that exist. However, bank transfers are about the most reliable way to transact anywhere in the world. They are a staple payment method at most betting platforms and are best for making large withdrawals since they have higher limits than most other methods. Naturally, they are also extremely safe.
The shift towards faster (and safer) transactions
Payment methods are evolving just as fast as the rest of the betting industry. Payment methods of the future are all about safer and faster transactions, and the best providers have already begun making significant strides to ensure that customers can deposit safely and withdraw a lot quicker. Cryptocurrencies have already begun the trend since BTC, and many altcoins can allow withdrawals almost as fast as deposits. Instant bank transfer methods like Trustly have become popular for their ability to bypass the lengthy transaction times of regular bank transfers.
From e-wallets to debit cards and cryptocurrencies, there are multiple ways to pay at betting sites internationally. You’ll have the freedom to try out the several methods to find which one you prefer. However, it’s worth noting that for anti-money laundering and fraud prevention purposes, most betting platforms will require you to withdraw using the same method you’ve deposited with.
