The way we prefer and, in practice, the very best way is to use a third party service which is accepted by the vast majority of the high quality sportsbooks out there.
The main and biggest advantage of doing so is that you not only extremely speed up the money transfer process but you’re also simplifying it a lot.
When dealing directly with the different sportsbooks, you’re transferring money back and forth between the bookmaker’s account and your local bank account. This process involves wire transfers which usually take between two and five working days to complete. That’s not a straightforward and efficient way of operating.
Just take the above scenario where you want to withdraw money from one sportsbook and deposit it to another one. When dealing directly with them, you first have to initiate a transfer from the first one to your local bank account and once you get the money, after two to five working days, sometimes longer, you have to go back to your bank and make another wire transfer to the sportsbook to which you want to make a deposit.
That’s another four to seven days because, most of the time, the wire transfer sits in the sportsbook’s account before being noticed and deposited into your account. That a pretty cumbersome and inefficient process and needless to say that you’ll be incurring some kinds of fees for the two transfers.
That’s why we like using third party services which are way faster and way more cost effective.
We’re strongly suggesting you to use one of the third party services listed below for your transaction needs with the different sportsbooks.
Again, don’t worry, we’re not “Affiliates” with any of them and not getting any incentives or commissions, we’re just pointing you in the right direction.
With the internet and all of the different services that have developed in the past few years, transferring money to and from sportsbooks has become as easy as transferring money from your savings account to your checking account and back.
Just keep in mind that it may take up to three weeks for setting up an account with those services. Plan ahead and make sure the money is in your sportsbooks’ account one week before the start of a new season.
Here’s a list of services you can use with most sportsbooks:
Neteller www.neteller.com
Entropay www.entropay.com
WebMoney www.wmtransfer.com
Clickandbuy www.clickandbuy.com
InstaDebit www.instadebit.com
Click2Pay www.click2pay.com
PaySafeCard www.paysafecard.com (Accepted in 16 European countries)
UKash www.ukash.com (Accepted in 11 European countries + Russia, Australia
and South Africa)
Most sportsbooks also accept the other regular ways of transferring money like Wire Transfers, Cashier Checks sent by FedEx, payment by credit cards or E-Check.
For credit card, verify with the sportbooks you’re dealing with since they sometimes have low amounts as maximum transfers. There are also some credit card issuers who are not allowing transfers to entities like sportsbooks. On the other hand, they might very well allow you to make transfers to some third party services as the ones mentioned above.
The other thing with credit card transfers is that when you’re making a withdrawal from either the sportsbooks or the third party services, credit card companies normally require the sportsbook or third party service sending the money straight to your credit card account up to the amount you’ve initially transferred from that credit card.