You’ve reached the right page if you’re looking for the most popular payment methods on UK betting sites. We’ve saved you the trouble of looking through the advantages and disadvantages of each payment method, and have provided a list of the best payment methods to use.
Betting Payment Methods
1. Apple Pay
This payment method is accepted by the majority of online bookmakers and can be used by customers with an iOS device. You can download Apple Pay onto your mobile device, and all you have to do is sync your Visa Debit card to your Apple Pay account, and you’ll be able to deposit and withdraw funds to and from your betting account.
Payments are instant into your account. With security measures such as Touch ID, Face ID, and two-factor authorisation, there’s little room to fault Apple Pay as a betting payment method.
Pros
- Plenty of security steps in place to protect your funds.
- Deposits are instant with no additional fees involved.
- Works with the large majority of Debit Cards.
Cons
- Limited to users with an iOS device.
- Not all bookies allow you to withdraw funds via Apple Pay. This includes 888sport and BoyleSports to name a few.
Find out more on our page dedicated to the best Apple Pay betting sites.
Recommended Apple Pay Betting Site – Sky Bet
Sky Bet are a bookmaking giant, and they have a site and mobile app that make it easy for you to deposit and withdraw funds through Apple Pay. Using your Touch ID, you can have funds deposited into your Sky Bet account in a matter of seconds, and with the minimum deposit using Apple Pay being just £5, there’s plenty of positives when it comes to this operator.
2. Visa Debit Card
This payment method doesn’t need much of an explanation and is used by the majority of the public. All you have to do is enter the requested details by a betting site from your Visa Debit Card, and you’ll have any deposits processed within a matter of seconds. The majority of betting sites accept Debit Cards as a deposit and withdrawal method for their customers, which includes bookmakers and betting exchanges as well. The main positive of this payment option is that there aren’t any fees involved when withdrawals take place.
It’s worth remembering that credit cards aren’t an eligible payment method in the UK anymore with bookmakers, as has been the case since April 2020.
Pros
- Easy to use payment option.
- Accepted by the majority of bookmakers. This includes bet365, Sky Bet, Ladbrokes, and Betfair.
- Available to access nearly all promotions using this payment method.
Cons
- Withdrawal times aren’t as quick as e-wallets.
- Deposits and withdrawals appear on your bank statement.
- Higher security threat due to the popularity of this payment option.
Recommended Visa Debit Card Betting Site – bet365
Bet £10 & Get £30 in Free Bets for new customers at bet365.
If you’re using a Visa debit card as your chosen payment method on a betting site, then you’ll have plenty of choice when it comes to choosing the best site for you, but bet365 are one that set the bar high on this front.
They have one of the best sportsbooks in the betting industry, with plenty of in-depth betting markets available to explore, and with the minimum deposit on their site being £5 when using a Visa debit card, there’s little room to fault them. You can also withdraw using Fast Funds on bet365 through a Visa debit card as well, which is another positive that makes this our recommended Visa debit card betting site.
3. PayPal
PayPal is the most popular e-wallet. It’s a fast and easy way to make payments to and from your bank account. You can use PayPal with the majority of bookmakers, which includes both the sportsbook and casino areas of their site.
Withdrawal times are typically much faster through PayPal compared to the likes of Bank Transfers, cheques, and even Visa Debit cards, which is the main pull for customers to use this payment method with their chosen bookmaker.
Pros
- Arguably the most popular e-wallet to use.
- Fast withdrawals within a day.
- Easy sign-up process.
Cons
- Small fees are charged for withdrawals over a certain amount.
Find out who we recommend as the best Paypal betting sites.
Recommended PayPal Betting Site – BetUK
GET £30 IN FREE BETS WHEN YOU BET £10
BetUK might not be the most well-known betting site to use, but they’re one that is certainly heading in the right direction if the last few years are anything to go by. You can use PayPal on their site and mobile app with ease, as you simply have to enter your email and password when depositing, and the funds will arrive into your account in seconds. It’s worth remembering that the minimum you can deposit and withdraw from BetUK using PayPal is £10, which is slightly higher than other methods such as Apple Pay and a Visa debit card.
A withdrawal that takes place through BetUK using PayPal will take up to 48 hours, although it’s typically processed within 24 hours of the request being made, which is often quicker than many other withdrawal methods used on a betting site.
4. Skrill
Skrill is based in the UK and is another popular choice of e-wallet when it comes to European betting sites. It’s not as well known as PayPal in terms of the countries it’s accepted in worldwide, but it’s still growing in popularity in the UK in particular.
They have some great features to shout about as well, which include prepaid Mastercard, 1-Tap, a mobile app, and a VIP programme, which is something that some other payment methods don’t offer their customers.
Pros
- Available with plenty of betting sites across Europe. This includes William Hill, Coral, and Paddy Power.
- VIP Programme
- Great Customer Support team available.
Cons
- Typically not eligible for promotions when depositing through Skrill.
Recommended Skrill Betting Site – Unibet
Money Back as Bonus up to £40 + £10 Casino Bonus
Unibet are another well-established bookmaker in the betting industry, and they accept Skrill as a valid payment method, which is pleasing to see for both new and existing customers that are planning on using this as their chosen payment option. You can deposit as little as £10, and with withdrawals being completed between 2 – 48 hours, you can understand why they’re such a popular choice when it comes to using Skrill.
Other payment methods such as Boku, Visa debit card, Apple Pay, and Bank Transfer take a longer time for the funds to arrive with your chosen payment method, so Skrill are well-worth considering using as your payment method on Unibet and other betting sites in the business.
5. Neteller
They’re another e-wallet with some impressive features that are worth checking out. This includes a great VIP system, as well as a prepaid Mastercard known as Net+. They have fast withdrawals in place on their site as well when it comes to the betting front, and with security measures such as a two-step verification system and fingerprint ID, there’s little room to fault Neteller.
One slight negative with this payment method is that if you’re making your first deposit with them on a betting site, then you might not be able to obtain the welcome bonus, as most e-wallets aren’t accepted within the terms and conditions to get the sign-up offers.
Pros
- VIP extras are available through Neteller.
- Good range of security steps in place to protect your funds.
- Quick withdrawal time.
Cons
- Promotional restrictions when depositing through Neteller.
There are plenty of Neteller betting sites. Find out which ones we recommend.
Recommended Neteller Betting Site – William Hill
Bet £10 Get £30, Credited as 3 x £10 bets
William Hill are a household name in the betting industry, and they also accept Neteller as a valid payment method to use on their site as a new and existing customer. They have a great sign-up offer for new customers, although it’s worth remembering that this sign-up offer doesn’t allow deposits from Neteller, and you should read through the terms and conditions entailed within the offer before validating it.
You can deposit and withdraw a minimum of £10 using Neteller on William Hill, and with withdrawals using this method being processed within 48 hours of the request being made, it’s a popular choice amongst William Hill customers.
6. Trustly
They have over 200 banks in 25 countries and are a widely accepted payment method on betting sites across Europe. You won’t be charged any additional fees for deposits or withdrawals via Trustly, which is great to see. Although it is worth checking with your chosen bookmaker to see if this payment method is accepted, as not all bookies have it available on their site.
One negative with this payment method is the minimum deposits that are required with some betting sites, as they can be much higher than some of the other payment methods that we’ll take you through on this page.
Pros
- Deposits and withdrawals involve no additional fees.
- Available across Europe.
Cons
- Not available with some leading bookmakers. This includes bet365, Sky Bet, and Betfred.
- Minimum deposit and withdrawal amounts tend to be higher than other payment methods.
Recommended Trustly Betting Site – BetVictor
BetVictor accept Trustly as a valid deposit and withdrawal method, and given that you can deposit or withdraw a minimum of just £5, there’s plenty of positives to look forward to for BetVictor customers using this payment option. Withdrawals are processed in between 1 -3 business days, which is line with many other withdrawal methods which are accepted on their site.
BetVictor has a great betting site and mobile app to use, and you won’t be short of options when it comes to sports betting, as they have some great in-depth betting markets to look through.
7. EcoPayz
EcoPayz was founded in 2000 and is a great alternative to the likes of PayPal, Skrill, and Neteller. Deposits are instant into your betting account, and you can also use an Ecocard if you wish to do so. If you do encounter any problems, EcoPayz has a great customer support team who are on hand 24/7 to provide you with a solution to your problem.
Pros
- Great range of customer support options.
- Instant deposits.
Cons
- Additional fees can occur at times.
Recommended EcoPayz Betting Site – Mr.Play
BET £10 GET £15
Mr.Play are another bookmaking giant that feature within our list, as they’ve got you covered when it comes to using EcoPayz on their site. They’re our recommended EcoPayz betting site to use, as you can deposit as little as £10 using this payment method, and with withdrawals typically being finalised within 48 hours of the request being made, you’ll have your funds in your account relatively quickly.
8. Paysafecard
Paysafecard is another popular method of payment with online bookmakers, especially if you have access to a betting shop in person. It works just like a ‘pay as you go’ card, as you pay at a shop, before being given a 16-digit pin card that you can then use for that amount of money at any relevant betting site. One of the negatives of using this payment method is that most Paysafecards have a maximum deposit of £100, although you can purchase multiple cards if you wish to increase your funds.
Pros
- Don’t need to link to your bank account.
- Easy to use and understand.
Cons
- Withdrawals are not possible directly back to a Paysafecard.
- Requires you to visit a participating store to obtain a Paysafecard.
The Paysafecard is a great way to help with safer gambling. Find out who we recommend is the best Paysafecard betting site.
Recommended Paysafecard Betting Site -Betway
£30 Matched Free Bet if your first Acca loses + 100 Free Spins on Gold Blitz
Betway have you covered as being one of the best Paysafecard betting sites in the betting industry, as they make the deposit and withdrawal process easy to follow, which ultimately makes for a pleasant user-experience when looking to transfer funds to and from your Betway account.
You can deposit a minimum of £10 into your account using this payment method, although it’s important to remember that you’ll have to withdraw any funds via Bank Transfer, as you can’t withdraw to a Paysafecard from Betway or any of the other leading betting sites.
9. Boku
You can deposit funds into your betting account through Boku, which acts somewhat as a middle ground between the convenience of e-wallets and prepaid cards such as a Paysafecard. You can pay from your phone when depositing funds into your betting account, as you don’t need to connect to your chosen bank account. You’ll only need your phone number, and your spending will be added via your phone bill.
It remains to be seen as to whether this is a reliable payment method though, as not many bookmakers offer it on their sites.
Pros
- Don’t need to attach your bank account.
- You can fund your Neteller account through Boku.
Cons
- Additional fees are involved when funding your Neteller account.
- Not available with the majority of leading bookmakers in the UK. This includes bet365, Sky Bet, and Unibet.
Want to know who accepts Boku? Find out on our list of the top Boku betting sites.
Recommended Boku Betting Site – BoyleSports
BET £10 GET £10 IN FREE BETS + £10 IN CASINO BONUS
BoyleSports is the place to be if you’re using Boku as your chosen payment method to fund your account. All you have to do is enter the relevant details when looking to make a deposit or withdrawal, and you’ll be on your way to having the funds to and from your account swiftly.
You can withdraw a minimum of £10 using this payment method, and withdrawals take up to four days to be finalised, which is line with other betting sites that accept Boku as a valid deposit and withdrawal option.
10. Bitcoin
Bitcoin is arguably the most popular of all the cryptocurrencies, and even though some might question the reliability of funding a betting account through this method due to the various value it holds, some use it regularly.
It’s worth noting that betting limits vary with this payment method. It also isn’t accepted by a fair few bookmakers in the UK. This isn’t surprising to see, as some prefer to have reliable payment methods that will hold their value on their site.
Pros
- Most widely available cryptocurrency.
- Secure payment method.
Cons
- Some might question the reliability of the value of Bitcoin, as it can fluctuate.
- Can be a complicated sign-up process.
11. Google Pay
Google Pay is a mobile wallet from a phone app, and it had previously been known as Android Pay. Google Pay links your debit card to your mobile and allows you to deposit to your betting account.
You’ll be pleased to hear that there aren’t any additional fees involved when depositing or withdrawing funds, although a negative of this payment method is that it’s not widely accepted across bookmakers in the UK, as it was only formed in 2018, which makes it slightly understandable that it’s not as popular as of yet.
Pros
- No additional fees to deposit into your betting account.
- Easy to use payment method.
- Range of security features in place to protect your funds.
Cons
- Can’t withdraw funds via this payment method.
- Only available to users with an Android device.
- Not available with all leading bookmakers. This includes BoyleSports, Betfred, and Betfair.
Recommended Google Pay Betting Site – Virgin Bet
BET £10 GET £20 IN FREE BETS
Virgin Bet have a site that is easy to navigate through, and they’re also one of the best Google Pay betting sites in the betting industry, as they make the deposit and withdrawal process simple to follow for their customers. Everything you need on Virgin Bet is clearly labelled, which makes for a pleasant user-experience, and when you can deposit as little as £5 into your account using Google Pay, there’s little room to criticise them when it comes to this.
Withdrawals are typically processed via Bank Transfer, which can take up to five days, which is one of the slight negatives with this payment methods, as many betting sites don’t allow it to be a direct withdrawal method, despite it being available to deposit funds into your account on.
Payment Options: Things to Consider
| Method | Can Be Used For Withdrawal | Min Deposit | Withdrawal Time |
|---|---|---|---|
| Visa Debit | Yes | £5 | 2 – 5 Banking Days |
| Paypal | Yes | £10 | 2 – 24 Hours |
| Paysafecard | No | £5 | N/A |
| Apple Pay | No | £5 | N/A |
| Trustly | Yes | £5 | 1 – 2 Banking Days |
| Google Pay | No | £5 | N/A |
| Skrill | Yes | £5 | Up to 24 Hours |
| Neteller | Yes | £5 | Up to 24 Hours |
| Boku | Yes | £5 | 1 – 2 Banking Days |
| EcoPayz | Yes | £5 | 1 – 2 Banking Days |
| Bank Wire Transfer | Yes | £5 | 2 – 28 Banking Days |
There are many different factors to consider when choosing the best payment option for yourself on your chosen betting site. Below, we’ll take you through the main points you should look at picking your payment method.
- Fees – With the majority of leading bookmakers, they don’t charge you for deposits, but it’s important to sometimes keep an eye out for any small fees that might be incurred when you make a withdrawal request, as some payment methods take a fee out of the funds you’re trying to withdraw.
- Minimum and Maximum Deposit – This isn’t one of the most important factors to take into account when choosing your favoured payment method. But it’s worth looking at. Some punters have smaller budgets than others, and you’ll want to know what the minimum deposit is, as some payment methods require you to deposit a larger amount as a minimum than other payment options. You can find our pick of the best £5 deposit betting sites for more information.
- Minimum and Maximum Withdrawal – Some payment options have different minimum and maximum amounts that you can withdraw. In an ideal scenario, you’ll want a payment method that has a small amount of funds that can be withdrawn as a minimum (in the region of £5 – £10).
- Deposit and Withdrawal Times – This is arguably one of the most important things to look at when choosing a payment method. You’ll want an option that has swift withdrawal times, as you’ll want to access your funds as quickly as possible. E-wallets are often best for this, as they typically process your withdrawal within 24 hours.
Our Recommended Payment Method
My Betting Sites’ recommended payment method is a Visa Debit Card, which is likely to continue to be one of the most popular payment methods around for punters using an online betting site.
You can deposit funds of as little as £5 through a Visa Debit Card, and with deposits and withdrawals not costing any additional fees, there are plenty of positives to look forward to if you use a Visa Debit Card on your chosen betting site. You can rest assured that your funds will be secure if you use this payment method too. Which is why it’s such a popular and easy method of depositing funds into a betting account.
FAQs
