Nowadays, there’s plenty of ways for online betting cappers to get their money into the sportsbook but it’s important to highlight some of the common practices. Below are some of the main, trusted methods:
1. Credit Card Credit card is one of the simplest methods of deposit and withdrawal. It is safe, it is secure and you have a go between that has been around for years and years. When you deposit, it is pretty much instantaneous and when you withdraw, the sportsbook usually takes about 3-5 days to process it. Keep in mind that nowadays, many sportsbooks request documents such as your driver’s license, your most recent statement and potentially others as they want to ensure security. Some people are turned off by this but it is truly for the bettor’s best interest.
2. Western Union Western Union is one of the most reliable ways to send money from person to person around the world, which is why sportsbooks are interested in using this method. It is a very reliable method – there is no doubt about that – but it also means that you have to leave your house and find a Western Union location, bring them cash and then pay a fee for the transfer. Most sportsbooks will cover your fees on deposits of $200 or more.
3. Instadebit There is a new wave of online banking-type companies, like Instadebit, which simply link to a checking account and transfer money back and forth. Think of it as sort of a Paypal, just with no fees. The benefit to this is you don’t have to leave your house to do it and it is very reliable and secure. The above three methods are just a few of the best practices for getting your money in and out of sportsbooks. There are many others but these three are among the most reliable and most used.