The recommendations, review and ratings you find on topbettingsites.co.uk are all constructed by our independent team of authors and are solely our own. We pride ourselves on the accuracy of information provided and do our best to keep all content as up to date as possible. We are compensated for any traffic we refer to the bookmakers we review.

Best Deposit & Withdrawal Methods: Online Betting

In order to best serve their customers online bookmakers now offer a wide range of different alternatives for depositing and withdrawing funds.

What matters most to punters is depositing quickly and withdrawing instantly or on the same day they request it.

On this page we’re going to focus on highlighting the best and quickest payment options for punters, explain the pro’s and con’s of certain methods and even show you how to deposit and withdraw.

Quickest Deposit & Withdrawal Options

PayPal
PayPal Betting Sites

By far the most widely accepted e-wallet style, PayPal is almost universally available for deposits & withdrawals. Deposits are accepted instantly and withdrawals are usually processed within 2 hours.

Deposits: instant

Withdrawal: 0-2 hours

See: PayPal Accepting Bookmakers

Neteller
Neteller

Accepted at fewer sites than PayPal, Neteller is another e-wallet service which is still widely available. Again it’s very quick with deposits being processed instantly and withdrawals in 1-3 hours.

Deposits: instant

Withdrawal: 1-3 hours

See: Neteller Accepting Bookmakers

Skrill
Skrill

Skrill is another e-wallet alternative widely accepted by online bookies. Deposits & withdrawals are again very quick with deposits instant and withdrawals taking between 1 and 3 hours to reach you.

Deposits: instant

Withdrawal: 1-3 hours

See: Skrill Accepting Bookmakers

Entropay

Entropay is a prepaid virtual Visa card. Funds can be pre-loaded the card and then spent. Deposits are quick and easy. Withdrawing money is faster than a regular credit/debit card at within 24 hours.

Deposits: instant

Withdrawal: 0-24 hours

Debit Card
Debit Card

A payment method offered by all online bookmakers, depositing via debit card works in exactly the same way as making any online purchase. Deposits are quick and withdrawals don’t take too long.

Deposits: instant

Withdrawal: 1-5 days

Credit Card
Credit Card

Also offered by every online bookmaker, credit card deposits work the same as buying anything online. You’ll get instant deposits but wait a little longer than e-wallets to get your money out.

Deposits: instant

Withdrawal: 1-5 days

Bank Transfer
Bank Transfer

All bookmakers accepting UK customers also accept a brank transfer. It’s the same as any other online banking transfer but you use the bookmakers details to send them money to.

Deposits: 2-10 days

Withdrawal: 2-10 days

Apple Pay
Apple Pay

Probably the newest of all available payment methods, a small handful of major bookmakers now let you deposit funds via Apple Pay on your mobile. Currently you must withdraw using bank transfer.

Deposits: instant

Withdrawal: must use bank transfer

Paysafecard
Paysafecard

Paysafecard is a prepaid card payment alternative, which is accepted by all online betting sites. Vouchers can be purchased online or in person and used to deposit, withdrawals aren’t possible.

Deposits: instant

Withdrawal: must use bank transfer

Pingit
Pingit

Pingit is an app which links your mobile number with your bank account so you can pay for things using your phone. Withdrawals must be done via bank transfer, but this could change in the future.

Deposits: instant

Withdrawal: must use bank transfer

Cheque
Cheque

Not sure why you’d bother but some online bookies accept cheques. They are slow to process and minimum deposit amounts are usually quite high to make it worthwhile for sites to accept.

Deposits: 2-28 days

Withdrawal: 2-28 days

Which Option Should You Choose?

As the above has demonstrated, there are a wide range of different payment options available to punters. Most, however, will either manage their betting funds via bank transfers or card payments or via an e-wallet service. Let’s take a look, then, at the main pros and cons of those two most popular deposit and withdrawal alternatives.

Bank Transfers & Card Payments

Pros
  • Bank transfers and card payments are the most widely accepted payment methods. They are available at almost every online betting site.
  • The process of depositing and withdrawing funds is quick and easy. It will only take a couple of minutes at any online bookmaker or app.
  • Deposits made via bank transfer or through a card payment are instant, with funds appearing in your betting account immediately.
  • Both banks and card issuers apply a high level of security to transactions, making betting account deposits and withdrawals via these very secure.
Cons
  • When depositing or withdrawing via bank transfer or card, the name of the betting site you use will appear on your bank statement or credit card bill.
  • Withdrawing money by these methods – especially in the case of credit cards – can take anywhere between one and seven working days.
  • If your debit card details are in any way compromised or stolen all funds within your current account are put at risk.
  • A small number of betting sites do still apply a fee to the use of credit cards for deposits and/or withdrawals.

E-wallets

Pros
  • Using an e-wallet to fund an online betting account ensures that you never have to trust your card or bank details to a betting site.
  • No bookmaker or gambling site name will appear on your bank statement or any paperwork related to a credit, debit card or bank account.
  • Processing times are amongst the shortest around and withdrawals are the quickest you’ll get.
  • Every online bookmaker and betting site accept at least two or three different E-wallets as payment methods.
Cons
  • Using certain E-wallet services, such as Skrill or Neteller, to fund your betting account can lead to you being excluded from promotions and bonuses.
  • Some kind of fees are applied to E-wallet transactions, either by the E-wallet service itself or by the online bookmaker.

How To Deposit & Withdraw

Bank Transfer or Card

Deposits:

  1. Log into your betting account & select ‘My Account’.
  2. Select ‘Deposit’ option from the account menu and then select your desired payment method (in this case bank transfer or your card option)
  3. For bank transfers the account details required for you to transfer to will be displayed. Head to online banking using these details and send your deposit over.
  4. For card payments, you will then be asked to enter your card details (card number, CVV code etc.) and the amount you wish to deposit. Confirm your deposit and enter any further security details required (verified by Visa, SecureCode etc.).
  5. Deposits made with card are instant, bank transfers take 1-3 working days.

Withdrawals:

  1. Log into your account and find the ‘My Account’ menu.
  2. Select ‘Withdraw’ and choose your method (I.e. either ‘Bank Transfer’, ‘Credit Card’ or ‘Debit Card’.
  3. Enter either your bank account or card details for the withdrawal, as well as the amount you wish to withdraw. Some sites remember details making this process even quicker.
  4. Click or tap ‘Confirm’, ‘Withdraw’ or similar. Your withdrawal will have been actioned. Card payments take 1-2 days, bank transfers 1-10 working days.

E-Wallets

Whilst exactly which E-wallet you use introduces an extra factor into the equation, the process of depositing and withdrawing to any betting site by E-wallet is still pretty similar across the board.

Deposits:

  1. Log into your bookmaker account, select ‘My Account’ menu.
  2. Select ‘Deposit’ then select the name of your chosen E-wallet.
  3. Enter you deposit amount and then select ‘Make Deposit’, ‘Deposit’, ‘Confirm’ etc.
  4. You will be redirected to the website of your chosen E-wallet, where you will need to log in to your account in to confirm transaction.
  5. Your chosen deposit amount will then immediately become available in your betting account.

Withdrawals:

  1. Log into your bookies account, select the main ‘Account’ menu.
  2. Select ‘Withdraw’ and then choose the name of your chosen E-wallet. Some betting sites won’t require this step, if you deposited through an E-wallet they will automatically action all withdrawals to the same method.
  3. Enter the amount you wish to withdraw into box provided and then confirm the transaction.
  4. Your withdrawn funds should then appear in your E-wallet within 24 hours.

FAQ

Why do withdrawals take longer than deposits?
It feels scammy but it’s the case at all online bookmakers. It’s partly because when processing a withdrawal bookmakers have to perform various know your customer and anti money laundering checks and it’s partly because they want to give you a chance to reverse it and spend more money with them.
Why are Some deposit methods excluded from promotions?
Many bookmakers exclude customers who deposit to their betting accounts via E-wallet services such as Skrill and Neteller from taking part in their promotions. The reason for this is that in the past those particular payment methods have been utilised frequently to defraud such promotions and bonuses. The percentage of abuse is so high from ewallet customers that this policy is now widespread.
What’s the maximum deposit amount possible?
This varies from bookmaker to bookmaker but usually a bank transfer allows you the biggest limit and that limit is in the range of £100,0000-£250,000.
What’s minimum possible deposit amount?
This ranges from between £5 and £10 depending on the bookmaker and method chosen. We’re yet to see anyone accepting smaller deposits than £5.
Can you deposit or withdraw money using cash?
Online bookmakers who also operate betting shops on the high street are increasingly introducing ways by which their customers can deposit to and withdraw from their online accounts in cash, in store. Coral, Ladbrokes, William Hill and Betfred all offer this service.
Will I get charged fee’s for depositing or withdrawing?
99.9% of the time the answer to this question is no, Betfair charge a small fee for PayPal deposit but they are the only bookmaker who do this, all others make all methods free. If using an ewallet your wallet provider will likely charge fee’s at some point in the process.