Deciding on payment methods for your online gambling casinos or international and national transactions is very important. However, it can become confusing for some since there are hundreds to choose from the vast selection of payment methods.
This article aims to aid you in your situation and help you choose the best and the most versatile payment methods.
So without wasting any time, let us get started with this.
Top 6 Best Payment Methods in Online Betting in 2023
As we know, betting is legal for most tier 1 countries. We are trying to provide the best payment methods you can use in online betting for your transactions. Also, you can check some surprising businesses that accept PayPal payments.
1. PayPal
Are you looking for a way to cash out your winnings at an online casino? Or are you looking for a way to receive an international payment? Then PayPal is your pal who can help you. PayPal is cofounded by none other than Elon Musk.
PayPal lets you receive and send international payments with ease. The only reason why it is on the top of our list is that, unlike others, PayPal is fast.
Typical methods can take up to 10 to 15 days and sometimes a month when making an international transaction.
With PayPal, you can instantly send or receive money in your PayPal wallet and withdraw it to your local bank account within 6 to 8 hours.
In addition, in almost every online gambling site, PayPal is accepted as a payment method.
While the company has withdrawn from some casino markets like Germany, it is still broadly available for payments to and from sports betting operators.
You can check here if your sports bookie accepts PayPal or not.
2. Google Pay
If anyone can compete with PayPal for its market share, it’s Google Pay. It is an online payment app that lets you pay for products or services instantly.
Its payment speed is one of the reasons why it has earned second place on our list. Another great thing about Google Pay is that they offer lovely cashback offers to their users.
By doing this, they have successfully managed to retain and gain customers. Their UI is exceptionally very easy to use.
You can navigate through all the information on the app without any effort, all thanks to their UI.
3. Cards Payments
Now there are two types of card payments like Debit Cards and Credit Cards. Many companies issue both credit and debit cards.
Some of them are:
- Visa Card
- Master Card
The process of using both debit and credit cards is almost similar. You can tap, swap and scan a debit or credit card to make a payment. 90% of shops in every country accept either of them as a mode of payment.
Not just shops, you can use your card to pay for fuel, food, tickets, etc. There is one demerit of using cards as a payment method.
You need to have a variety of cards to use as a payment method in different countries. There are many developing countries like India that promote their homegrown card (Rupay).
So in countries like this, you will find it hard to pay using only your Visa card. If your passion is to travel the world, you need at least 3 to 4 different kinds of cards.
4. Amazon Pay
Yet another fantastic payment option you can choose. It offers you to make payments instantly from your phone.
In addition, Amazon offers unparalleled customer care service for their payment section.
We found only two demerits:
- You cannot process international transactions.
- Their UI is very complicated to use.
You can use Amazon Pay in all shops, fuel stations, movie theatres, and so on. They offer similar features like Google pay. But, since their UI is a little complicated to use, many users prefer Google over Amazon.
5. Skrill
Skrill is giving a tough competition to PayPal as their features are similar. Like PayPal, Skrill is also a multicurrency wallet platform that allows you to receive and send money virtually.
Skrill is also popular among online casino gamblers. But it is not as popular as PayPal. That is why it is listed below in the list.
The fantastic thing is that Skrill has recently developed exponentially. They now operate in more than 120 countries and deal in 40 different currencies!
However, we found out they still need to work on their UI and customer care services during our extensive research.
As both of these sectors were underdeveloped as compared to their competitors.
6. Electronic Bank Transfers
It is an alternative to cash payments. However, using the Electronic Bank Transfer can be a little complicated because of the less advanced UI.
Moreover, the transfer of funds takes time if you use this method. The positive thing is that almost every gambling institution offers transactions via Electronic Bank transfers.
You can also use this option to send and receive international payments. But let us warn you, it takes more than 20 days to clear the amount.
Our Thoughts
In this detailed guide, we have covered all the primary payment methods loved by all. We hope to deliver all necessary information related to these payment methods that you will ever need.
Feel free to let us know your thoughts on this article by our contact us form.
