Depositing at Your Sportsbook with a Credit Card
Out of all the ways to fund your online sportsbook account, credit cards are the most popular method. Every online sportsbook we review accepts some form of credit card as a way to deposit.
In this guide, we’ll walk you through the pros and cons of using credit cards to deposit money at online sportsbooks. In addition to discussing conventional credit cards, we’ll also touch on prepaid credit cards. Read on to get all of the information in one convenient place!
Conventional Credit Cards
With over 323 million cardholders, Visa is the most popular of all conventional credit cards, and as such, it is accepted virtually worldwide.
However, Visa isn’t the only commonly-used credit card in the world of online sportsbooks. The most popular credit cards accepted at sportsbooks are:
- American Express
When using this method, be sure that you’re betting at one of our safe and legitimate sportsbooks, as you’ll be required to hand over your credit card information and address. This is crucial to protect your personal information and to avoid any credit card fraud.
Security Features of Credit Cards
Both Visa and Mastercard have enhanced levels of security for their cards, which is especially useful when using your credit card online. “Verified by Visa” and “Mastercard SecureCode” provide you with a pin or password that is only known by you and your financial institution.
This pin or password will never be shared with the merchant, and it serves to ensure that the rightful cardholder is the only one using the card.
Visa and Mastercard also both have debit options which are accepted at select sportsbooks, and primarily available to UK citizens. Using debit means you are using money that is in your bank account, rather than working off a line of credit. You don’t run the risk of having to pay extra interest on your credit card bill, nor do you risk your bankroll ending up in the red.
You can acquire Visa or Mastercard debit cards, or can choose to go with their debit-specific brands: Maestro (Mastercard) and Electron (Visa). If you elect to use this method, you’ll be required to enter the information on the card, along with your pin or password.
The Benefits of Choosing Credit Cards as a Deposit Method:
- Using a credit card to deposit is one of the fastest ways to get started at an online sportsbook.
- Depositing with a credit card is as easy as merely entering the information on the card.
- Account funds are available almost instantly, which is a massive benefit if you’re trying to place a bet shortly before the game starts.
- Minimum deposits tend to be low, generally between $10-50. This varies from sportsbook to sportsbook. Check out our guide on minimum deposits for more information on the smallest deposits you can make via credit card.
Prepaid Credit Cards
Using a prepaid credit card allows you to keep your personal information private, and doesn’t require you to open a line of credit.
Your personal details and bank/credit card information aren’t transmitted to the prepaid card, meaning they can’t be transmitted to the merchant, either. This provides bettors with an extra level of security when they’re making deposits.
Because the card is prepaid, there’s no way you can spend more than what you’ve loaded onto it. This has many of the same benefits of financing your sports betting account with your bank account balance – you won’t go into debt, and won’t have to pay off any additional interest charges.
Below are some of the most popular prepaid credit card options:
The most widely-used prepaid credit card is the Paysafecard. With more than 500,000 sales outlets, finding and purchasing your own Paysafecard shouldn’t be an issue.
Each country offers different value increments that can be purchased. Paysafecards are not reloadable unless you sign-up with the company.
Be sure to use the full amount on the card within 18 months, as a fee of $2.50 per month is deducted thereafter.
You may want to use a different deposit method if you’re trying to deposit a large sum of money into your gambling sports betting account, as Paysafecard maximum deposits are generally under $1,000.
EntroPay is a prepaid virtual Visa card that is accepted anywhere Visa is.
After you sign-up and receive your virtual card (you won’t receive a physical card), it can be loaded and reloaded with a fee of 4.95% on each amount loaded. Visa holds your banking information, but will not release it to merchants.
You can fund your EntroPay account with a credit or debit card.
Of all the prepaid credit card options, EntroPay has the highest maximum deposits allowed by sportsbooks, generally around $20,000.
The ecoCard is available in three currencies (USD, EUR, and GBP) and your funds are easy to access.
However, to acquire an ecoCard, you have to go through an application process and – depending on your location – there may be fees for using it.
Regarding minimum and maximum deposits, ecoCards are second-best to EntroPay virtual Visas.
Benefits Of Using A Prepaid Credit Card
- Depositing with a prepaid credit card offers the same quick and easy approach of a regular credit card, but doesn’t require you to include banking information on the internet.
- Prepaid credit cards are a great way to set limits for yourself, as you aren’t working off a line of credit.
Still Unsure If Using a Credit Card is Right for You?
Picking the right method to send money to your sportsbook can be a bit of head-scratcher. There are many different options to consider before choosing the method that’s best for your needs.
If you want to weigh your options before making a deposit at your online sportsbook of choice, check out our guide to depositing and withdrawing at your sportsbook, where we cover all the possible ways to fund your account.