When you need to make a deposit to or a withdrawal from a betting site, a credit card may be one of the options you can select.
When funding an account with a credit card, you should check with the site to determine what cards are accepted. Most of the top betting sites and casino sites will accept payments from Visa and MasterCard.
US players should use caution when doing this because some credit card companies, especially Visa, may not allow the process to occur. This is because of the many regulations that prohibit US players from engaging in online gambling.
Using credit cards
With the large number of bookmakers sites available, you should take the time to choose one that is reliable and recognised as being trustworthy. If the site accepts credit cards to fund the account, you can then move forward. Some sites will even offer bonuses for using a specific credit card. For example, Bet365 is one of the most popular bookmakers sites and credit cards can be used to fund an account and MasterCard and American Express Cards will earn a 10% bonus on initial deposits.
Alternative payment methods
If your bank will not approve the transaction to the sportsbook site, you can choose another way to fund the account by using your credit card. By using a payment method like ClickandBuy or eWalletXpress, you can use your card to deposit funds into these accounts. You can then access the accounts and use the available money to place bets at the sportsbook site of your choice.
Can winnings be withdrawn to credit cards?
There are very few sites, if any, that will allow you to withdraw your winnings to a credit card. Instead, you must select one of the other listed forms of payment to make your withdrawal. Even if the site allowed you to use the card to fund the account, you will probably not be able to use the card to receive the winnings from your account. The alternative is to have the withdrawn amount transferred to another payment account, such as Neteller or Maestro. You will then be able to access your account and have the money transferred to your credit card or bank account.
How to use a credit card at sportsbooks
The first thing to do is check to determine which credit cards are accepted at the site. Most sites will accept a few different cards with Visa and MasterCard being the most popular. You can try to use your card to see if the issuing bank will process the request. You will know if this was a success within a few minutes. If the bank denies the transaction, you will have to find another way to fund the account. The reason many banks are not allowing credit card transactions is because of the current debate over the legality of online gambling, especially for residents from the United States. If you are a US resident and are gambling or making sports bets at a site that allows US players, you may still want to use a different payment method to avoid any problems.