Find top eWallet betting sites
eWallets are among the most popular payment options, for both deposits and withdrawals, used by sports bettors. Despite all the eWallet betting sites, if you’ve never heard the term before, you’re not alone. Hardly anyone says “eWallet.” But believe us when we say you know what they are. They’re PayPal, Skrill, Neteller—brands you’ve heard of and probably used before. And just in case you’ve never used eWallets to bet on sports before, we’ve got the complete lowdown for you.
This eWallet betting sites tell-all will cover all of the following:
For the most part, eWallets are accepted everywhere. And this shouldn’t come as a surprise, given that they specialize in overseas purchases. They have made completing international transactions an actual breeze, and they handle everything from currency conversion to multilingual customer service.
The best part of eWallet betting? The speed with which transactions are processed. Sportsbook deposits are immediate, and withdrawal requests aren’t far behind. If your online gaming site cannot guarantee they’ll be finished within one to three business days, something’s wrong and you’re better off finding another home for your sports gambling. Even on withdrawals, there’s a significant chance you’ll be able to secure your money within 24 hours.
Creating eWallet accounts is a process that varies by company. However, it’s latest similar for all the most well-known eWallets, namely PayPal, Skrill and Neteller.
As an example, here’s how it works at PayPay: When you visit their website, the registration button will be prominently featured on their homepage. Aside from entering personal information—name, date of birth, email, address etc.—you will need a credit card or linked bank account to start completing transfers. After you set that up, you’re good to go. The entire process shouldn’t take more than a couple of minutes—assuming, of course, you have your preferred bank account or credit card information at the ready.
Best of all, and perhaps most importantly, eWallets give you a vivid breakdown of their safety and security measures. They’re among the most secure payment methods around, because that’s why they exist in the first place.
Registering your eWallet with a sportsbook is extremely simple. Just visit the deposit or withdrawal section of your online bookie, select a particular eWallet as your preferred payment, enter all the necessary info and voila! A few seconds later, your transaction should be complete.
If you’re interested in speeding up the process even further, most eWallet betting sites will allow you to save this payment method inside your account so you don’t have to punch in the required information all over again. Some people are hesitant to do this because they don’t like giving automated access to their financial accounts, but if you’re using a trustworthy, well-known sportsbook, you shouldn’t have much to worry about. You’ll appreciate the option when you make your next deposit and it takes you only a couple of clicks to get through it.
Pretty much every sportsbook in existence accepts eWallets. So, instead of just giving you a bunch of online gaming sites that take them, we’ve put together a list of our top five favorite eWallet betting sites:
Online sports books don’t typically charge you anything extra for completing an eWallet transaction, be it for a deposit or withdrawal. This can sometimes change when dealing in large sums; gaming sites will absolutely assess a convenience fee if they’re processing transactions above their usual limits as a courtesy to you. Beyond that, you’re looking at no extra costs.
Unfortunately, though, most eWallets will hit you with fees on inbound transfers. They’re not usually much, but they exist. They also vary by the transaction amount and eWallet brand.
Let’s again use PayPal, the world’s most popular eWallet, as an example. They will sometimes charge you a fee when receiving money. They classify most inbound transactions as “sales,” which are subject to a flat $0.30 charge, in addition to another fee that amounts to 2.9 percent of the transaction.
On the bright side, in PayPal’s case, fees are usually only charged to registered businesses on incoming transfers under $5,000. For individuals, you can receive up to $5,000 per day—and $15,000 per month—without incurring any extra fees. This could be a turnoff if you’re looking to transfer massive amounts of money to and from sportsbooks. But even then, places like PayPal, Skrill and Neteller have been known to increase limits on a case-by-case basis.
Complicated betting strategies aren’t required when using eWallets. You’re not paying up the wazoo in fees, so your goal is the same as every bettor: Find the best sportsbook promotions. The cream of the crop bonuses will include a 100 percent or higher match on first-time deposits, up to at least $500. Be on the lookout for sites that will off 150 percent bonuses or match sums up to $2,500. They’re the absolute best.
Sports bettors can use eWallets to process deposits and withdrawals while enjoying peace of mind. These third party payment sites exist solely to enhance security. You are not in danger of your transaction being intercepted or stolen in any unusual way.
More intriguing still, eWallets act as a centralized transaction hub. The most well-known companies will be accepted everywhere, which means you can fund multiple sportsbooks (and make other purchases) using the same account. This ensures, by extension, that you won’t need to enter your personal bank or credit card information over and over again at each online site that you use.
Worry warts—and that’s not an insult; we support you!—also have the option of customizing their security preferences. They can set up specific daily and monthly transaction limits and even set parameters to have their eWallet contact them for approval. We don’t recommend doing this for every transaction, but if you want, say, Skrill to seek a second-step approval on all transfers over $500, it’s a good way to monitor your spending and protect yourself against financial harm.
Access Your Money Anywhere
eWallets have really started catering to the mobile device users. Their mobile sites and apps are pretty sleek. (We love PayPayl’s, in case you were wondering.) You will have the ability to check your account balance and process transfers no matter where you are.
Universal Security
As stated previously, eWallets exist to make online transactions, both domestically and internationally, a simple and secure experience. Not only do they prevent you from entering sensitive information over the web ad nauseam, but their safety measures, both custom and default, inoculate you against fraud better than most bank accounts or credit card issuers.
Transactions Processed Cheaply for the Average Bettor
eWallet fees can sometimes end up being a little too steep for higher-stakes gamblers. Everyone else won’t have a problem. eWallet betting sites don’t take a cut to process deposits or withdrawals, and the best eWallets will only hit you with a small surcharge on transfers going into your account. As a rule of thumb, if your eWallet docks a percentage of the transaction from your account, you can probably do better.