Payment Methods

 

Like most alternatives in life there are pros and cons to all common payment methods used for online sports betting and playing in casinos. Here we have reviewed some of our favourite methods and provided links so that you can find most suitable solution for all your online gaming needs.

NETeller

NETeller was previously regarded as one of the premier methods for online payments to be used for betting in casinos and at sports books. However more recent events, such as changes in US legislation and the rise of a number of viable alternatives has seen NETeller fall in consumer satisfaction in left in bad taste in some users mouths. The initial problem came when NETeller was no longer permitted to transact funding for US gambling related transaction, leaving many customers with no sensible way to release funds that had been gained legitimately. This is estimated to have affected a massive number of users and left billions of dollars frozen. Even a quick search for reviews of NETeller online will produce huge numbers of customers, many not US based, who even if they did manage to regain their funds were forced to jump through lots of hoops and even forced to keep sending NETeller the same copies of ID and proof of country of residence. Although many users of NETeller have been left facing problems, as one of the original pioneers of the E-Wallet they have many benefits. Once ID criteria have been met funds can be added and distributed quickly. They have a robust customer service department and many problems can be tackled quickly, particularly if you call them. As with all issues of this nature we recommend using a variety of methods of payment so that you are not left with all your eggs in one basket.

SKRILL (Moneybookers)

SKRILL, previously called Moneybookers, is an excellent alternative to NETeller for many players. Also an E-Wallet it can be used to send and receive money quickly and safely. The main concern for some players with Moneybookers is that they can sometimes have problems with the size and number of transactions permitted with a set period. This is often a problem only experience by high rollers and as such Moneybookers is often the perfect E-Wallet solution for casual players, playing for fun. Like NETeller if you are a high roller it is probably a sensible to solution to add Moneybookers to your online payment portfolio in order to reduce risk, by spreading your funds across several sites.



VISA and Mastercard

The traditional methods for online payment are of course still used extensively. The disadvantage with these payment options is that some casinos and sportsbooks can make it difficult to withdraw money quickly using these methods. Also for the more casual player there may also be relatively high minimum limits for withdrawal which might make it hard to take money out. Another problem found by players here in Europe is that VISA and Mastercard might not operate in a suitable currency for your gaming requirement, meaning that prohibitive fees could be applied when adding and or withdrawing in the operating currency of your chosen casino or sportsbook. Again they do offer a suitable option for many players and those with a high bank roll should certainly consider them in order to spread risk.