Most online bookmakers and betting sites offer a wide range of different deposit methods. Debit card deposits are a method that will be possible at almost every site and is one of the most popular ways for UK punters to fund their account.
On this page we’re going to show you some of the best sites which accept debit card deposits and explain a little more about the payment method itself. Our explanation will cover how debit cards can be used for betting, why choosing to do so may work for you and a range of other related issues.
Betting Sites That Accept Debit Cards: Top 7
Deposits, Withdrawals & Time Scales
|Betvictor||Instant||1-3 days||£5||No Max|
|William Hill||Instant||1-5 days||£5||£250,000|
|Ladbrokes||Instant||1-4 days hours||£5||£50,000|
How To Use Debit Cards For Online Betting
When it comes to using a debit card for online betting, there are three main areas which need to be covered. These are how debit cards work in general, how you can use your debit card specifically for depositing to a betting account and then how you can withdraw funds from a betting account using your debit card. Let’s, therefore, approach those three topics in turn.
What is a Debit Card & How Does it Work?
A debit card is a payment card issued by a bank to an individual who has a current account with the bank. The card is linked to the current account and provides a card holder with a way of directly paying for items or completing transactions using the funds held in that account (without having to withdraw them from a cash machine or at the bank).
Unlike a credit card, therefore, debit cards can only be used for transactions up to the value of the funds which a card holder actually has in their current account. Transactions completed via debit card, what’s more, remove funds from a card holder’s current account immediately, whereas credit card transactions only need be paid for at the end of each month when a bill arrives.
Depositing to a Betting Account Via Debit Card
Using a debit card to deposit to a betting account works in exactly the same way as any other online debit card transaction, with the value of the transaction being determined by how much you choose to deposit.
Completing such a deposit, therefore, is achieved in a very similar fashion to fulfilling any other online debit card transaction…
Note: whilst the process of making a deposit via debit card to a betting account differs slightly from one betting site or bookmaker to the next, it generally remains very similar.
- Firstly, you will need to create an account with the betting site or log in to an existing account.
- From the main accessible menu of your account, you will then be able to select ‘Deposit’.
- ‘Debit Card’ will be listed amongst the available options and selecting it will take you to where you can action your deposit.
- Enter your deposit amount and card details including the card holder’s name, card number, expiry date and three digit CVV code from the back of the card.
- Hit confirm and the money will hit your account (usually instantly).
Withdrawing From a Betting Account to a Debit Card
Now that you know how debit card transactions work and understand the specific process of depositing via debit card to a betting account, all that’s left is to talk about withdrawing funds from such an account back to a debit card.
- Firstly, you must head to the ‘Withdrawal’ section of your betting account.
- You will then be able to select ‘Debit Card’ as your preferred withdrawal method.
- If you deposited via debit card, it’s possible that your betting account will have saved your card details and if so, you will need simply to select the card when presented with the option.
- If your card hasn’t been saved, you will need to enter your card details (holder’s name, card number, expiry date and CVV code).
- Finally, you must enter the amount you wish to withdraw and then confirm the transaction which will display as pending until the withdrawal is complete (usually 1-5 business days).
Why Use Your Debit Card?
Debit card deposits and withdrawals are amongst the simplest and easiest of all online betting payment alternatives. The debit card transactions require punters to simply enter some very simple information and take a matter of seconds.
At basically every online bookmaker and betting site, debit card deposits are processed and completed almost instantaneously. There is no time to wait before your chosen funds are in your betting account and available to bet with.
Unlike some other payment methods, when you deposit via debit card you can also withdraw funds just as easily by the same method. That’s as opposed to credit card transactions, whereby you can only withdraw the same amount as you first deposited, and some other deposit methods (such as prepaid cards) whereby you must set up an entirely different payment method for withdrawals.
As debit cards are used so widely, both within the online gambling world and outside of it, there are many measures in place in order to make debit card transactions as secure as possible. Card issuers all have their own cyber security mechanisms and all reputable betting sites use high-level encryption to protect debit card transactions.
Debit cards are unquestionably one of the most popular and well-established options for depositing to betting accounts. As such, basically every online bookmaker and betting site offer the option of depositing via debit cards.
How Do Debit Cards Work & Can They Be Trusted?
Debit cards are a long-established and highly reputable way by which individuals make purchases and complete financial transactions, both online in the physical world. They are, at the simplest possible level, a way by which individuals can draw upon the funds which they have in a bank current account.
All debit card transactions, online and otherwise, are protected by an array of different security measures. Those include the need to be able to provide confidential details, such as a pin number and the use of encryption to protect online transactions. Debit card transactions, therefore, can be – and are – trusted.
The first cash machine in the world is installed at a Barclays bank in Enfield, Middlesex. The earliest cash machines were designed to receive special hole-punched vouchers worth £10 each, which could be purchased in branch.
The Lloyds Bank ‘Cashpoint’ is the first on-line verified ATM using payment cards with magnetic strips, rather than the original vouchers.
The first debit card was introduced by Barclays Bank. It was called the Visa Delta Card.
Midland, NatWest and RBS banks launch their own joint debit card, called the Switch.
MasterCard launch their international debit card brand; Maestro.
An estimated ½ of UK adults are holders of debit cards.
The first ever contactless debit card transactions take place.