Just like any purchase on the
internet, credit cards are the fastest, easiest and most convenient way
to fund your betting account at the sportsbooks. Unfortunately, due to
banking regulations, these days it's rather hard to find a good
sportsbook that accepts credit cards. Because of the hoops credit card
processors have to jump through to work with US-facing sports betting
sites, the fees they charge the sportsbooks are very high, as well as
the chargeback risks, so not many sportsbooks take credit cards today.
However, you can see in the list below which of the top betting sites
accept credit cards, which of the major brands and what fees, if known,
they may charge. Note, that due to the ever changing nature, we have
listed the sportsbooks that accept credit card deposits, as posted on
their websites.
Here is the list of online sportsbooks that take credit cards:
Bookmaker
-this popular sportsbook takes both Visa and MasterCard on a regular
basis, although sometimes neither will be available. When they are,
however, the acceptance rate is very high. Majority of those
transactions must be done over the phone, rather than in their online
cashier section. A voucher that could be purchased with a credit card is
also an option.
GTBets – the
sportsbook advertises both Visa and MasterCard cards accepted, although
if you want to use a MasterCard, you will have to contact customer
service for information. Visa is readily accepted and requires a minimum
of $35 deposit. Whats the maximum will depend on your customer status,
i.e. more established players will find higher deposit limits with
credit cards.
Bovada – Taking
VISA credit and debit cards only. The success rate is very high, nearly
all VISA deposit attempts will go through. As an alternative, there are
other options, you much check with customers service. A credit card
authorization form Is necessary (see further below for more info).
5Dimes – Another
betting site that takes VISA only, but with high success rate. Players
must fill and submit the authorization form prior to cashing out any
winnings made with the credit card deposit.
There are a few things we need to mention when we talk about sportsbooks
accepting credit cards. You can learn more by reading further.
Authorization Forms
If a sportsbook takes credit card deposits, generally, there will be an
authorization form that you must fill. It's nothing really complicated,
but a form that authorizes the betting website to charge your card for
your deposit amount. A lot of the sportsbooks will also request that you
send in (preferably via email or fax) a copy of the back and front of
the credit card you used to deposit in your player's account. This and
the credit card authorization form are often required if you deposit
with a credit card and request a withdrawal. It's wise to keep an old
credit card past its expiration date, if you've used it to deposit money
at the sportsbook and haven't sent the authorization form yet. While
many online sportsbooks will work with you on this issue, it's better to
be prepared. The betting websites deal with a lot of fraudsters, thus
usually you will be guilty until proven innocent.
Credit Card Fees
The majority of the sportsbooks accepting credit cards will likely pass
some of the processing fees to you. Be prepared to pay a small fee if
you opt in to deposit with plastic and if you find a sportsbook that
doesn't charge you credit card fees – you've struck gold. Other
sportsbooks may refund your fee back into your betting account. This is
a nice way to avoid paying credit card fees when depositing at such
sportsbooks.
Types of cards accepted
It's hard to find a sportsbook that would accept both Visa and
MasterCard at the same time. Most of the online sportsbooks will
take one type of credit card or another. Make sure you are aware of the
credit card brand accepted at your chosen sportsbook before committing.
Alternatives to credit cards at the betting sites
While there are sportsbooks accepting credit cards, the betting sites
prefer to use other methods for depositing, such as P2P transactions,
ewallets or prepaid types of vouchers. The books would intermittently
have problems with credit card processing and this option may drop
altogether for a few days. It is always better to explore other
alternative options to credit card deposits at the online sportsbooks,
even if you don't really need them at the moment.