HomeAllA detailed overview of paying methods in sports betting: pros and cons...

A detailed overview of paying methods in sports betting: pros and cons of every option

Must Read

With dozens paying option at the responsive pages of every bookmaker, all of them can be grouped into three big groups: banking cards, e-payments, and cryptoes. Of course, each of them has advantages and drawbacks compared to others.

Before we turn to the main part of this article, everyone should remember that there is no definite answer to the question about finances in betting. It depends on the personal preferences and available conditions in a particular country. By the way, you can watch free cricket predictions by following the link.

Credit cards – the simplest way to pay bookies?

If short yes, for the majority of users at least. Those who are looking for online betting site and ready to pay surely has a credit or debit card of one of local banks. And here the issue of locations becomes really crucial: if the person lives in the country that allows bookmakers, it’s 99% a done deal that a bookie accepts the banking cards of this country.

For those who live in the state that forbids online betting, the things become a bit more complicated. They have either use vpn or turn to international paying methods like PayPal. So, cards are ok in betting only if you are ready to wait for withdrawals and the bookie is legally registered in your country.

Are e-wallets a golden middle?

One of the biggest problems with other methods except to banking cards in betting is the need to register a new account, pass a verification, and pretty big fees for transactions between the credit card and other systems. Being a flexible option to use for payments while betting, e-wallets also has a benefit of faster transactions, especially withdrawals.

But while e-wallets open some room for manuevering for bettors, the fees are also big. Only a smaller part of players can use their e-wallet forother payments directly without the need to convert money into the national currency. But still we have to talk about faster transactions and more possibilities for users of e-wallets. If you want to make a bet, we recommend that you get a 1xbet promo code and get bonuses from the bookmaker.

Any dangers with cryptocurrencies at betting sites?

Cryptoes are some kind of upgraded e-wallets – you also need to register a new account to receive extra paying options, including betting payments. Also, cryptocurrencies have lower fees for transactions and are even faster to accomplish, which are great advantages.

However, far not everyone is aware of using crypto wallets and making a complicated step towards wider betting options can be skipped. Also, a lot of people still scared of unregulated nature of virtual currencies, so having an extra wallet that is not stable can look as a dangerous option.