Pros and cons of debit card betting
Pro and Con
- Featured at all sportsbooks
- Fast deposits
- High limits
- Qualifies for welcome promos
Making a payment with your online betting debit card — an easy peasy guide to deposits and withdrawals
Following this step-by-step process will help you to make deposits and withdrawals a quick and easy process with no obstacles along the way. It can be difficult to choose between
online betting payment methods, but once you see how simple it is using your debit card, you may be convinced! Note that this is a general description of a betting site’s interface; however, the deposit/withdrawal steps will fundamentally always be the same.
Deposits
- Choose the casino you want to register at. First, it’s important that the information you provide matches your online betting debit card details. This way, you won’t have to wonder why your transaction efforts are not working.
- Locate the cashier section. Here, you’ll find the button/area where you can click on ‘deposits.’ Don’t worry about finding it, because the operator will make sure it’s visible. This option will show you the available banking methods.
- Now, select your debit card brand and then pick the right method and continue. If you have a MasterCard or Visa, you’ll never have to worry about your brand not being on the list.
- Enter your amount and click on confirm. You will get a unique code via email or text as a confirmation. All done!
Withdrawals
- Go to the cashier where you’ll find withdrawals. From there, you can easily find your way to the withdrawals page.
- Here, you can select your debit card as your withdrawal option. If you used the debit card for deposits, chances are it will already be showing as a withdrawal option.
- Choose your amount, and make sure that it’s above your operator’s minimum withdrawal amount.
- Different casinos may have different withdrawal fees and processing speeds, and you may have to pay a withdrawal fee or withdrawal tax, depending on your operator of choice. You’ll be notified of this before you finalize your withdrawal.
Withdrawal and deposits with debit card betting sites – average time scales
One detail that is important to know when it comes to using online betting debit cards is that there is a difference in deposit and withdrawal times at most casinos.
- When making a deposit, you will have immediate access to your funds if the verification process is complete. This means waiting only a few minutes before you can start playing.
- However, when it comes to withdrawals, your waiting time is mostly longer. The standard processing period for withdrawals with a debit card is 24 hours, and this is followed by three to five business days to allow the funds to reach your debit card account.
- That being said, most payment methods have a longer withdrawal waiting period than a deposit — most likely due to the casino having to undergo its own admin process before releasing the funds. What’s important is that the process is safe and secure.
Debit card betting sites want to get to know the real you — get to know the basics of verification requirements
Casino operators are required to verify your identity when you sign up as a customer, and this is also for financial reasons. They may require verification information at the beginning of the signup process, or ask for it when you make your first deposit. This benefits both you and the operator as it keeps your information encrypted and secure, and ensures that there is no fraudulent activity linked to your debit card.
- To verify your debit card at a casino operator, you will most likely be asked similar questions or need to provide similar information as you might have when opening an account at a bank.
- For example, the operator can ask for proof of identification, which can be your drivers’ license, or a passport, and a photo or scan of the front and back of your online betting debit card.
- Finally, you may be required to provide a copy of a utility bill that is in your name.
Providers that use debit card
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The history of debit cards and their undisputed convenience
A debit card’s purpose is to draw money directly from your current account, and it has two great characteristics. Debit cards do not badger you with interest-loaded debt like credit cards, and, unless you have an overdraft, you can only use the amount of money you have in your bank account, which curbs unnecessary spending that leads to debt. Today, you can use your debit card basically anywhere, including at your favorite online casino. So, how old do you think the debit card is? You may be surprised!
The first debit cards landed in the US, shortly followed by Barclays in the UK.
In the US, the date of exactly when debit cards landed appears to be a matter that is under dispute; the First National Bank of Seattle issued debit cards in 1978, but according to Kansas City Federal Reserve, the first US debit card probably introduced itself to the financial market way earlier in 1966 via The Bank of Delaware. We don’t really mind when they originated — as long as we can use them!
Visa and MasterCard debit cards are arguably the most widely accepted payment methods around the world. As recognized brands, payment via Visa or MasterCard debit also remains one of the most trusted.
Debit card brands have expanded considerably in the past few decades. Here is an overview of the debit cards now available in the US:
- Western Union
- American Express
- Netspend
- AccountNow
- Visa
- Mastercard
These are by no means a comprehensive list, but these brands are most commonly accepted by US casino and sportsbook providers.
Mastercard is accepted in a plethora of countries around the world and is also a large part of
credit card betting sites
along with Visa in most of these countries. It is a secure payment method that is accepted at nearly every US betting site.
American Express is a widely accepted credit card. It is famous for its generous benefits to its users. It is, however, not quite as widely accepted as Visa or Mastercard. Many of the brands like Netspend are linked to MasterCard, so in the end, a lot of them are connected, which boosts their trust rating.
Online betting debit cards compared to other providers — let’s get some perspective
Today, there are so many choices when it comes to payment methods. Some casinos offer gift cards, prepaid cards,
Neteller betting sites, online platforms such as Skrill and PayPal. Let’s see how the good old debit card stacks up against PayPal:
Debit cards versus PayPal
- Debit cards enjoy widespread acceptance at many casinos with PayPal trailing slightly behind.
- While PayPal has a track record of being a safe option, debit card transactions on betting sites use increased online protection with an extra code you need to provide.
- While debit deposits and withdrawals do not involve any “middle man” in the transaction process, some consider PayPal to be a reliable middle man by preference.
- With your debit, you have direct access to your banking account 24/7 on the net and on your mobile.
- Some debit transactions, especially withdrawals, may require fees and take up to 3-5 days before the money reflects in your account. However, withdrawal time is also not instant with
PayPal betting sites, and there are fees under certain circumstances.
Alternative payment method providers
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Three essential facts about using online betting debit cards — words of wisdom
Debit cards are accepted by many, if not all sportsbooks, online casinos, and poker sites. Visa and Mastercard are the most common options, but some online casinos also take local debit cards. Here are three ideas to keep in mind when you’re choosing debit as your payment method of choice.
Update your details if required to avoid denied or invalid deposits or withdrawals
Most banks would expect you to inform the institution if you have a change of address or mobile number. After you’ve confirmed these changes with the bank, make sure you know whether you need to inform your casino operator as well for verification purposes. Most casinos that accept debit cards would require these changes to maintain optimal protection of your transactions and confirmation of your identity as a debit card user.
Make sure using your debit card as a payment method will make you eligible for bonuses or rewards programs you may be interested in
Debit cards are a convenient and secure way of making payments at betting-sites that accept debit card. You may be interested in a bonus offered at Skrill betting sites, but this doesn’t mean that you can’t still use your debit card for gambling if the operator accepts it. As a rule of thumb, though, if you want to use your debit card as your payment method of choice, make sure that it qualifies you for taking part in the operator’s bonus deals and promotions.
Only use your debit card if you know your operator has top-notch payment security in place
We assume that using debit cards is secure, and they usually are. However, take that extra precaution and check your operator’s security measures to ensure that your transactions are being protected by the most up-to-date technology.
Online casinos offering debit cards as a payment method should provide modern encryption technology that ensures all the details entered on their platform remain secure and private. If the operator you are considering has this technology, you can rest assured that it is also a safe option for mobile transactions if you’re using your mobile banking app. The code can still easily be entered from the mobile device.
Furthermore, when using mobile banking apps there is another pro you have if you use your debit card as it can provide you with the current balance immediately, and it offers full control over the bank accounts and the debit cards linked to them. All you need to do is double-check the operator’s security information and you’re good to go.
More Gambling Payment Methods
Conclusion — here are our final thoughts
The much-loved debit card is here to stay as a payment method staple at casinos across the US. With versatility, tight security, and convenience, debit card betting sites will always be a top consideration among bettors and gamblers across the United States. Yes, there are other online betting payment methods, but none as tried and trusted.
In our comprehensive review about the online betting debit card here at TheGruelingTruth.com, we took an umbrella approach — looking at how it stacks up to other options, the security, history, and essential facts you need to consider if you want to use a debit card. If you’re looking for a betting site to become your long-term partner, look out for ones that accept debit cards for secure and reliable payment. You’ll be sure to find a myriad of fantastic options, and you definitely won’t be disappointed. Visit our site for some fantastic and in-depth operator reviews.
The latest betting bonuses
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Debit card betting sites FAQ
✅ Are debit cards a safe payment method to use for gambling?
The majority of sports betting and casino sites accept debit cards, which means that, most likely, many gamblers use this method. If you are interested in signing up at a sportsbook platform and you have doubts or concerns about using your debit card, TheGruelingTruth.com has all the answers you need about safety and security measures and how you can ensure that your information is being kept safe. Be sure to visit our site for top reviews on debit card betting sites and other payment methods.
❓ Should I use a debit card at online casinos and sportsbooks?
There are many reasons why using a debit card at online casinos and sportsbooks is a great choice. Our comprehensive review about betting sites that use debit card can answer all your questions ranging from how the funding processes with debit cards work to what the pros and cons are. Be sure to take a look at our review on TheGruelingTruth.com to find all the information you need in order to make your decision about using a debit card at online casinos and sportsbooks.
💲 Are there fees involved in using a debit card to make an online casino deposit?
Casinos and sportsbooks are all different when it comes to their terms and conditions and their payment policies. However, they are also very similar as they don’t want to scare off a potential customer with draconian fees and impossible rules. You can find all the information you need about making deposits at an online casino with your debit card right here on TheGruelingTruth.com by reading our comprehensive review about this payment method. You won’t be disappointed, so go on and take a look at our reviews.
💸 How do I make a deposit using a debit card?
Online casinos and sportsbooks have made this process really simple, and you’ll find that it is basically the same on most online gambling platforms. TheGruelingTruth.com set out a step-by-step guide for you on how to deposit with a debit card, so take a look at our in-depth review about using debit cards at online casinos to become a payment pro.
😱 How do I know my debit card will be accepted?
Certain debit card brands are widely available as payment methods because they are widely available as payment methods in general. Not only does TheGruelingTruth.com provide you with an in-depth review on debit cards and their use on gambling platforms, but you’ll also find many operator reviews that will provide you with an answer to whether your debit card will be accepted at a sportsbook or casino. Give it a read and find your ideal operator today.
