• 100% up to $100
  • 5.0
Advantage list
  • Fast Payout
  • Cash out
  • Live Betting
  • Fully Licensed
Disadvantage list
  • Limited game options compared to other Bookies
  • 100% up to $100
  • 5.0
Advantage list
  • Great odds
  • Extensive amount of games covered
  • Exceptional bet types available
Disadvantage list
  • Web version of the site can be confusing to stake
  • Cash out option is not smooth or consistent

In many regions, sports bettors can use an eWallet service to fund their sportsbook account. The service is often the most secure and painless way to make a deposit or withdrawal.
In this article, we will explain the advantages of depositing with an e-wallet service. We also discussed some of the different types of e-wallets that accept sports betting.

What Are e-Wallets?

An e-wallet is an online platform that allows users to store information about multiple credit cards and bank accounts, enabling them to make payment transactions in seconds without having to search for information.
These platforms act as intermediaries, holding sensitive information and data but revealing none of it to the merchants involved in a transaction.
An eWallet allows you to place bets with total anonymity, and it insures your transactions in case the sportsbook is unable to deliver the goods or services that you paid for.

 

 

The Benefits of Using an eWallet at Your Sportsbook

Some online sportsbooks offer banking functions via eWallet services, but they should be considered when available. Here’s why:
• Most eWallet transfers are completed within 24 hours. Depending on your sportsbook, eWallet deposits may take longer than 24 hours to post.
• It isn’t necessary for you to reveal your identity to any bookmaker, sports or otherwise with an e-wallet.
• Deposit limits are much higher when using e-wallets (compared to traditional credit cards).
• Banks and mobile wallets facilitate the rapid and efficient deposit process of funds at your sportsbook while other less reliable payment methods, like credit cards, are subject to delays and restrictions.
• eWallet can be funded from various sources. It’s possible to fund from separate bank accounts or different credit cards, providing greater flexibility in managing your bankroll.

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The Different Types of eWallets

The three eWallets accepted at sportsbooks we have rated are Skrill, Neteller, and PayPal. Each of these payment methods has its own advantages and disadvantages.

Paypal vs Skrill vs Neteller Wallets

Skrill

Formerly known as Moneybookers, the company recently rebranded its service. Since then, Skrill has grown into one of the most affordable and popular e-wallets on the market.
Skrill is a free e-wallet, but you must top it up via bank transfer or credit card. There is a 1.9% fee to send and receive funds to other Skrill wallets, but you can use your balance to withdraw cash from ATMs in Europe and the UK, a unique feature in eWallets.

Neteller

Neteller is considered to be one of the best e-wallets because there are several ways bettors can top up their Neteller balance. Fees added to your Neteller balance vary by method. For example, transfers from your Visa credit card will incur a fee of 1.9% to 4.95%.

Neteller is the only popular eWallet with integration for Bitcoin. You can add to your Neteller balance with cryptocurrency and make instant transfers, but you’ll pay a 1% tax.
Sharps prefer Neteller, a payment processor that allows high maximum deposits, to other methods of payment.
Neteller was driven out of the United States after Congress passed the Unlawful Internet Gambling Enforcement Act.

PayPal

PayPal, operating in more than 180 markets around the world, is the most popular eWallet for purchasing goods on the internet, because of its support for 25 currencies.

Unlike other e-wallets, you can deposit funds into your PayPal account to make purchases or pay directly from your linked account without first topping up your PayPal balance. Fees apply to sending and receiving money outside of your country of residence.

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Start Betting with Confidence!

For further information about the financial aspects of your sportsbook and betting strategies, check out some of our best articles:

Deposits and Withdrawals:

and much more