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We live in the digital age; everything travels around at the speed of light – well, almost – and the convenience of the speed of transactions for financial needs has certainly simplified payment requirements. You can make an eCommerce purchase, pay a bill, and send money to a family member with a debit card or a credit card from the comfort of your own home.
Many businesses, which in the past didn’t honor credit card purchases, have jumped on the bandwagon and accept plastic as a payment method. For sports bettors, using a credit card represents another way to open an account at an online sportsbook without the hassle of sending a bank wire or another form of secure payment. At MyTopSportsbooks, we will show sports bettors how they can use their credit cards to establish accounts with online sportsbooks and some pros and cons of doing so. Some casinos will have you open an e-wallet to use for a prepaid credit card.
Betting with credit cards
Betting with a credit card is making a payment to a website for entertainment purposes. Your online sportsbook or casino takes the payment, credits your account, and you are flush with funds to gamble. Using a credit card to add to your account is an instant payment deposit method, no waiting for monolithic structures to move your money through a bureaucracy; no, your card is your gateway to instant online sports gambling gratification, and it happens in seconds.
What are the Benefits of Credit Card Use?
- Credit cards are quick and convenient for sports betting sites.
- Credit cards can be used for high deposits, and withdrawals of winnings for payouts.
- Many sportsbooks accept credit cards.
- Credit cards offer safe and secure transactions at gambling sites.
What are credit cards?
A credit card is a short-term plastic loan. You have a spending limit and must make a payment every 30 days to maintain good standing with your card issuer. The credit card company is non-judgmental; if they give you a card, they trust you to pay the balance, and they will guarantee your purchase at the point of sale.
What Credit Cards can I use at Online Gaming Sites?
Here are the most common credit cards available for use at online sportsbooks.
Using Visa for Top Sportsbook Betting Sites
A Visa credit card is the best credit card to use and one of the most popular credit cards available to the consumer. With its popularity comes a host of merchants who accept the card for purchases, like your friends in the gambling world.
Your online betting site of choice will accept the card for deposits and withdrawals as a payment option for funds on your card. Many sites will provide a welcome bonus when you use a Visa to gamble, and there could be other offers depending on the site and the promotions available.
Betting With a Mastercard
A Mastercard is the second most popular method of credit card deposits for online sportsbooks and casinos in the US market. The same provisions that govern Visa deposits hold true when using your Mastercard. Promos and bonuses are there for the player as an introductory offer to stimulate play on the site.
Using an American Express Card for Gambling
Many online sites and bookies have been slow to accept Amex as a method for account deposits. No reason has been given, but as time passes and familiarity with the gambling industry becomes confident, more and more sites are honoring an Amex credit card for play at the sportsbook. Some sites are very pro-Amex and go to great lengths to capture Amex players with lucrative bonuses and promos on first deposit to attract credit card gamblers.
Credit Card Gambling, What are the Advantages and Disadvantages?
Credit Card Betting Advantages
- Sportsbooks offer credit card coupons, bonuses and promotions.
- Cash-back opportunities from banks and credit card companies provide rewards and promotional benefits.
- No fees on card transactions.
- Extra safety and security.
- Deposits are instant.
Disadvantages of Sports Betting With a Credit Card
- Top bookmakers don’t permit credit card withdrawals.
- Some credit card providers won’t authorize payments to sportsbooks.
- Gamblers in some countries like the United Kingdom and others cannot use credit cards to fund their bookie accounts.
As you can see, the advantages outweigh the disadvantages here. We don’t advocate using money you can’t pay back, but we wanted to show how using a credit card for responsible gambling makes the process smooth and straightforward.
A Betting Site Declined my Credit Card; Why?
- You may have entered the wrong number.
- Your bank or credit card provider does not allow online betting purchases.
- You are entering either a lower or higher limit that isn’t accepted by your betting site.
