The best online sportsbooks offer a variety of payment 💰 methods for users to choose from. Sportsbook payment methods vary by operator, impacting the choices of where bettors take their business. Let the experienced Odds Shark team serve as your guide.
We have our finger☝️ firmly on the pulse of the current state of affairs, and will point you in the right direction on the best online sports betting deposit and withdrawal options. Read on for everything you need to know about sportsbook payment methods.
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Why Payment Methods Matter in Sports Betting
If you want to get in the game, you need funds to play with. When you win, it’s a huge plus to be able to get your hands on your funds quickly and via your preferred means. Add those two points together, and it’s clear why payment methods matter in sports betting.
When scouting places to play, you’ll want to ensure that you can get your funds in and out without issue. At the top online sportsbooks, it’s generally not a concern. However, while most books have several options to choose from, not all methods are available in every spot.
If you draw the line at using one payment method, you’ll be limited to the books that accept that option for deposits and withdrawals. For those who prefer to expand their horizons, a preferred method plus a backup option that’s widely accepted should be enough to do the trick.
Types of Payment Methods at Sportsbooks
A variety of payment methods are accepted at top online sportsbooks. The experienced Odds Shark team stays on top of what’s available where, as well as the things that matter to bettors, such as processing times and limits. Here’s a look at the most widely accepted options.
American Express
American Express is one of the largest financial companies in the world. Cards bearing the logo are accepted nearly everywhere, including online betting sites. Seeing the Amex insignia also generates a sense of trust. Merchants have to adhere to a strict set of standards in order to be a part of the network and process Amex transactions.
- Secure and trusted financial giant
- Not available at all online betting sites
Best sportsbook that accepts American Express: FanDuel - An Industry leader in online sports betting.
Learn more about using American Express at sportsbooks.
Apple Pay
Apple Pay was first introduced in 2014. It has since become a go-to payment method for many users of iOS devices. Use cases have steadily expanded through the years. Online betting sites have caught onto the demand, and many now include it among their funding options. While not quite as prevalent as other methods in betting circles, acceptance continues to grow.
- Convenient payment method that's growing in acceptance.
- Availability varies by operator
Best sportsbook that accepts Apple Pay: Hard Rock Bet - Excellent sportsbook with a fantastic rewards program.
Bank Transfer
A bank transfer can take on several different forms, including an ACH, a wire, and echeck. The difference comes down to how the transaction is processed on the backend. From a bottom line perspective, you’re transferring funds in and out of your sportsbook account via your bank account. Bank transfers are accepted at many of the top online betting sites.
- Safe and secure transaction methods.
- Withdraw processing time.
Best sportsbook that accepts Bank Transfer: Caesars - Legendary name in gaming with an outstanding online sportsbook.
Bitcoin
Mainstream acceptance of Bitcoin continues to soar, right along with the value of the digital currency. After its debut in 2009, the general view for several years was that this was a fringe concept, albeit one with some staunch advocates. Fast forward to today, and Bitcoin is now accepted in an ever-growing number of spots, including a handful of online betting sites.
- Demand for its use is increasing.
- Not yet accepted at legal betting sites in the US.
Best sportsbook that accepts Bitcoin: TonyBet - One of the leading sportsbooks in Canada.
Learn more about using Bitcoin at sportsbooks.
Credit Cards
Credit cards are an ingrained part of everyday life. A simple swipe or the entering of some digits and your transaction is processed in a heartbeat. For online betting sites, acceptance varies, with state laws having a huge say in what is or isn’t permitted. Deposits are accepted at some online betting sites via credit card, while withdrawals are less common.
- Quick and convenient deposit option.
- Withdrawals are generally not allowed.
Best sportsbook that accepts Credit Card: BetMGM - Industry titan with a sportsbook that's packed with options
Learn more about using Credit Cards at sportsbooks.
Debit Cards
The convenience of debit cards has led to a massive shift in consumer habits through the years. As the spending method of choice for many, debit cards are commonplace across not only the retail landscape, but the world of online betting sites as well. You won’t have any trouble finding a top online betting site that accepts debit cards.
- Processes deposits instantly
- Can be subject to individual bank rules.
Best Sportsbook that accepts Debit Cards: bet365 - International sports betting powerhouse with competitive odds and lines.
Discover Card
While not quite as big as its competitors, Discover still lays claim to a huge portion of the card processing market share. You can use it in nearly as many places as the big three of Amex, Visa, and Mastercard, including online betting sites. When checking out the payment methods while comparing online sportsbooks, look for the Discover logo and you’ll be good to go.
- Trusted card processing giant.
- Acceptance varies by sportsbook.
Best sportsbook that accepts Discover Cards: Draft Kings - A recognized leader with a slick and smooth betting platform.
Learn more about using Discover Card at sportsbooks.
Mastercard
Mastercard is another digital payment behemoth that’s available and accepted nearly everywhere, including online betting sites. Cards issued by hundreds of banks around the world are part of the Mastercard network, making it one of the most trusted and secure methods out there. You can use Mastercard at virtually all of the top online betting sites.
- Widely accepted for sports betting transactions.
- Can be subject to fees at certain banks.
Best sportsbook that accepts Mastercard: Fanduel - Sports betting titan with an incredibly user-friendly platform.
Learn more about using Mastercard at sportsbooks.
Online Banking
Online banking is a convenient way to move money in and out of your online betting accounts. It’s an accepted method at all of the top betting sites, which partner with online banking services such as Trustly to provide an extra layer of protection and security. Just verify your details when using it for the first time, and transactions process seamlessly from then on.
- Smooth and seamless after initial setup.
- Withdrawals can take some time.
Best Sportsbook that accepts Online Banking: Hard Rock Bet - Awesome sportsbook that continues to grow its presence.
PayPal
PayPal has experienced tremendous growth over the last two-plus decades. Acceptance of the internet-based payment service is now very widespread. It’s the funding method of choice for many bettors, and the list of regular users is only expected to grow. As a result, PayPal is one of the most common options available at online betting sites.
- Convenient option that's widely accepted.
- Additional steps needed to receive funds.
Best Sportsbook that accepts PayPal: Caesars - Sports betting leader that's great for ongoing promos.
Learn more about using PayPal at sportsbooks.
Prepaid Cards
Many of the top online betting sites accept prepaid cards for deposits. Some books have their own prepaid cards that bear their logo. Many others lean on Play+, a third-party company that’s a giant in the prepaid world. As a reloadable funding method, it provides bettors with plenty of flexibility and additional control over their sports betting funding.
- Great alternative to other cards.
- Must reload for continued use.
Best sportsbook that accepts Prepaid Cards: BetMGM - Trusted sportsbook with all of the betting markets you could ask for.
Skrill
Skrill is another digital wallet option that has seen extraordinary growth through the years. It’s part of the Paysafe family and a common funding method that’s accepted at online betting sites across the globe. Skrill is also available for banking at some of the top books in the US and Canada, but not quite as prevalent as other digital options.
- Trusted method used across the globe.
- Limited availability in North America markets.
Best sportsbook that accepts Skrill: bet365 - Simple and smooth interface that's packed with betting markets.
Visa
Visa is a superpower in the world of digital payment technology. Credit and debit cards bearing the Visa logo are accepted the world over, including at online betting sites. Visa is linked to hundreds of banks and card providers, and is the funding method of choice for scores of bettors. Its widespread acceptance makes it one of the most common deposit options that you’ll find.
- Secure transactions with financial behemoth.
- Can be subject to additional bank fees.
Best sportsbook that accepts Visa: DraftKings - Slick tech behind the scenes filled with unique features.
Learn more about using Visa at sportsbooks.
Venmo
Venmo was once a niche way for users to transfer funds back and forth. The mobile payment solution has grown astronomically in recent years. It’s accepted in a continually growing list of places, including online betting sites. As the method of choice for many bettors, the use of Venmo is only expected to become more widespread in the future.
- Continues to grow in popularity and acceptance.
- Not available for use everywhere.
Best sportsbook that accepts Venmo: FanDuel - Sports betting innovator that's great for SGP's and props.
How to choose the right payment Method
Choosing the right payment method for online sports betting is a matter of personal preference. It comes down to what works best for you and your situation, as well as what’s available at your books of choice. Thankfully, many of the best online betting sites have a wide range of options for customers to choose from.
Once you have the basics down of what you like and the availability of methods, you can dig deeper into convenience and processing times. In general, standard processing times listed by online sportsbooks are within a similar range. That said, some do a better job of expediting withdrawals compared to the rest.
Featured Payment Methods
Below are some of the most popular payment options and their key features. Click on each to explore a detailed guide.
How to Sign-up at a Betting Site
Creating an account at a top betting site in 2025 is as straightforward as signing up on most websites, with a few additional steps specific to sports betting. Most sites welcome new users with enticing bonuses, which can be easily claimed after a quick registration and ID verification.
Here, we’ve laid out a step-by-step guide to help you navigate the sign-up process smoothly, from entering basic personal details to unlocking your welcome offer.
Register
Fill out the required information to register your account and claim your welcome bonus -- this includes your location, phone number, email address, and more.
Profile Verification
Complete the account verification process by providing any necessary identification documents to comply with regulatory requirements, such as age and identity verification. Most sportsbooks require you to provide a piece of government ID.
Deposit Funds
After your account is verified, deposit funds using the payment method of your choice.
Place A Bet!
Once the funds have hit your account, you can start exploring the sportsbook's offerings and place your first bets!
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Online Betting Site Deposit Options FAQ
Which payment method is the fastest?
For withdrawals at online sportsbooks, Debit cards and PayPal tend to be the quickest options. Many of the top online sportsbooks can have transactions processed via these methods in 24 hours or less.
Are there fees for deposits and withdrawals?
There will typically not be any fees assessed by sportsbooks for deposits and withdrawals. However, your bank, debit, or credit card could recognize a transaction with a sportsbook as a cash advance, which would then generate a fee on that end.
Can I use multiple payment methods at one sportsbook?
Yes, you can use multiple payment methods at one sportsbook. Once you have verified your payment methods of choice with the book, you’ll be good to go for processing transactions via the option that you choose for that transaction.
