The Best Mobile Betting Payment Options
The best mobile sports betting apps offer a range of payment methods. Let’s take a closer look.
Debit Cards
Deposit speed: Immediate
Withdrawal speed: 3-5 working days
Benefits: Many people already have debit cards, so this method won’t require any additional setups. You’ll also be able to claim most welcome bonuses through this method, as debit cards are almost never excluded from bonus eligibility.
Drawbacks: Spending directly from your current account means this isn’t the easiest way to segregate and manage your gambling budget. In addition, some bettors may not like sharing their debit card details every time they sign up to new UK bookmakers.
E-Wallets
Deposit speed: Immediate
Withdrawal speed: 1-2 days or less
Benefits: Bank card details will not be shared with the mobile betting app, and you can generally enjoy faster withdrawals compared to debit cards. The most commonly used e-wallet is PayPal, while Skrill and Neteller are other options popular with bettors.
Drawbacks: You’ll need to set up an e-wallet account if you don’t already have one, and you may not be eligible for a site’s welcome bonus if you deposit with an e-wallet. The terms and conditions will clarify which payment methods can be used to unlock the welcome bonus.
Prepaid Cards
Deposit speed: Immediate
Withdrawal speed: N/A
Benefits: There is a high level of security with prepaid systems like Paysafecard, as no banking details are shared with any mobile betting apps. Prepaid cards are handy for ring-fencing gambling funds and setting yourself a budget, and they’re also a good option if you like to pay for things with cash.
Drawbacks: Spending is limited to the amount on the card, and this can be a problem if you want to place a bet at short notice. The process of purchasing prepaid cards isn’t suited to high rollers who like to make big deposits with the minimum fuss, and withdrawals aren’t possible unless the casino lets you cash out to a My Paysafecard account. You’ll also need to buy a prepaid card from a physical store in most cases, although Paysafecard is available at hundreds of outlets worldwide.
Pay by Phone Bill
Deposit speed: Immediate
Withdrawal speed: N/A
Benefits: This payment process is straightforward, as you simply enter your phone number on the deposit page, you’ll receive a confirmation SMS and a code to copy over to the payment page, and the deposit amount will be charged to your next phone bill. No special account is needed, and no bank details are shared with the betting company.
Drawbacks: Deposits are not paid immediately from your bank account, so tracking your spending can be more of a challenge. Also, there are usually very tight deposit limits with this method, and you’ll have to use an alternative payment option to make withdrawals.
Google Pay
Deposit speed: Immediate
Withdrawal speed: N/A
Benefits: Making use of the Google platform, this is a secure way to make transactions and lets you add multiple cards and payment methods to your Google Pay wallet.
Drawbacks: You will need to set up the Google Pay account in advance, linking it to your chosen payment methods. Not all online casinos and sportsbooks accept this means of payment, nor will withdrawals always be possible, so check with the specific bookmaker.
Apple Pay
Deposit speed: Immediate
Withdrawal speed: N/A
Benefits: Coming with the assurance of one of the world’s biggest brands, Apple Pay lets you pay in a way that suits you by connecting your debit cards to your iOS account.
Drawbacks: As with Google Pay, withdrawals typically aren’t possible with this payment method, nor is it commonly accepted outside of mobile betting apps.