Bookmaker Debit Card Payments — The Pros & Cons You Need to Know
A lot of punters like to carry out online betting with debit card but is this the right thing to do? In this guide, we will look at the pros and cons of funding your sportsbook account with a debit card and will leave the reader with the decision as to whether to proceed.
We’ll also look at the process of using a bookmaker debit card to add funds to that account and to make a withdrawal when the time comes. It’s a comprehensive round-up so let’s get started.
The Basics of Using Debit Cards for Sports Betting
A debit card is usually issued with a personal bank account. The bank in question will send it free of charge to your home address, and it’s used for both online and offline transactions. When paying for goods and services online, users will enter their card details to complete the transaction.
One of the clear advantages of using betting sites with debit card is that they all accept it as a form of payment. In the UK, credit cards are excluded from all forms of gambling, which leaves debit cards as one of the better alternatives. Which are the debit card betting sites online? The answer is that all operators are be expected to take them as a form of payment.
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Making Deposits Using Debit Cards
All payment methods should be simple to use, but the practice of using debit card for betting should be the easiest of them all.
- Step 1
You’ll firstly need to be registered with a sportsbook and to have signed into their account.
- Step 2
At the very top right of the homepage, there will be a button that allows you to make deposits. It will usually be marked as either ‘deposit’ or ‘cashier’.
- Step 3
Click here and follow the instructions: Like any online transaction, you’ll need to enter the cardholder’s name, the long number across the middle, the expiration date and the CVV number on the back.
- Step 4
Finally, enter the amount that you wish to deposit and hit confirm.
It’s a very simple process that is replicated in all betting sites debit card facilities.
How to Withdraw Using This Method
You’ll need to deposit before you can withdraw. If you’re a new customer that hasn’t made a withdrawal request with a certain bookmaker, you’ll also be asked to confirm your identity by sending relevant documents such as an ID and a recent utility bill. This confirmation procedure is a one-time event, so bookmakers won’t force you to go through it again unless there’s something wrong with the documents you’ve provided.
Once that’s sorted, head to that cashier’s page once again. Click on the card as the method that you want to use and select the amount that you want to withdraw. Hit the confirm button again, and your funds should arrive shortly.
Details about Debit Card Safety
When it comes to debit card betting, you are relying on the safety and security of debit card betting sites themselves. Unlike eWallets, you are sharing your financial information online when you fund your sportsbook account with a debit card.
For that reason, check that the site is secure by firstly checking for an ‘s’ after the http part of the URL. There should be a separate section that will underline the measures that the site uses to keep their customers safe online. SSL security and anti-fraud software should be among the tools which will protect your information.
Information about Fees
This is one of the real positives for sports betting online debit card use. There should be no fees attached to this at all - either for deposits or withdrawals. Your bank would not make any charges, and recommended sportsbooks shouldn’t either.
In the unlikely event that a bookmaker is making a charge for using debit card for betting, we would suggest signing up with someone else. They are not being charged, and neither should you.
The Pros and Cons of Using Debit Cards for Sports Betting
We’ve already underlined a few advantages for sports betting debit card use. There are one or two downsides, but they are very limited, and this is a hugely popular option. The following table outlines the pros and cons of debit card betting.
- Should be completely free to use
- Quick and simple process for deposits and withdrawals
- Debit card funding is accepted under T&Cs for all promotions
- Widely accepted across all sportsbooks
- Financial details are shared directly with the merchant
- Debit card users usually wait between 3-5 business days to receive payouts
It’s the preferred source of funding for many, and it’s easy to see why: Betting with debit card is free, and it’s also very quick and easy to use. The funds also come straight from your bank, and bettors can manage their bankroll and see how much they are spending.
There is the question of security with financial information being shared, but when it comes to the individual betting sites, safety should be assured by the operator in question.
💳Q: How to Deposit for Debit Card Betting?
💬A: Depending on your bookmaker debit card funding will follow a slightly different process. In general, you should look for the cashier page at the top right of the screen and follow the simple instructions.
❓Q: Can I Claim Promotions When Betting with Debit Card?
💬A: Subject to terms and conditions, you should always be able to take advantage of sportsbook offers and promotions when online betting with debit card.
💰Q: Does Debit Card Betting Involve Fees?
💬A: No - online betting debit card usage should always be free of fees.