As a sportsbook banking option, credit cards can be an excellent choice as they are
supported everywhere and can allow for very large single transactions. Visa in particular
works with almost any currency you can think of. You should be advised only to use
credit cards for such transactions if you have the cash readily available to pay
your impending balance immediately so as to avoid the associated interest charges.
(Credit cards transactions not available in UK)
Credit cards and debit cards are likely the banking method that allows you to get
started fastest, as you’ve likely already got at least one of these available to
you and the deposit transaction itself is instantaneous. Most people for example
do not register an e-wallet account until they are ready to also start betting online.
While that process of e-wallet registration is quick, it is certainly fastest to
just enter your debit card or credit numbers and details.
Further on the on the positive side with regard to debit and credit cards, they are
not generally subject to restrictions or limitations for initial free bet promotions.
Some free bet promotions restrict the use of e-wallets for eligibility. You won’t
have this issue when your initial deposit it with credit or debit card.
Finally on the positive side, if you use a debit card, you will be using your own
funds to play and thus won’t incur any significant fees or interest charges.
On the side of things to consider: credit cards. It is important to understand that
oftentimes, transactions to a credit card for the purposes of betting or gambling
are not treated as purchases, but rather as a cash advances. This means that interest
may accrue from the moment of the transaction as opposed to the payment deadline
on your subsequent card statement or invoice.
Or, depending on your provider, you may incur a special fee for this kind of cash
transfer transaction as opposed to a traditional purchase in lieu of the above interest
schedule or in addition to it. Thus, it is always best to investigate how your particular
credit card provider will treat a transaction with an online sportsbook. You should
enjoy your betting experience as much as possible, but should also make informed
and responsible choices. Note that from the UK, you can only withdraw funds to Visa
Card. MasterCards may deposit only.
Only wager what you can afford.