Simply put, bank wires, also known as bank transfers, are a way of electronically sending money directly from your bank account to a recipient. It is one of the easiest ways to make online financial betting transactions, although they are generally not the fastest method. While credit/debit card, SporoPay, eWallet, and prepaid card sportsbook deposits are usually instant, bank wires and transfer deposits can sometimes take anywhere from 2-10 days to process. Although many are instant, it really depends on the bank and the bookmaker. That means; punters on betting sites that accept bank transfers might not immediately start placing bets. So, it’s advisable to check with your bookmaker to find out the transaction processing times. Keep in mind; for sports bettors, many international betting sites accept bank transfers. In this writeup, you can pick such a betting site from the list of bank transfer bookmakers and betting sites.
- 1History of bank transfer bookmakers and betting sites
- 2Bank transfer bookmakers and betting sites laws and regulations
- 3How bank transfer bookmakers and betting sites work
- 4How to use bank transfer bookmakers and betting sites?
- 5How to choose the best bank transfer bookmakers and betting sites?
- 6Bank transfer bookmakers and betting sites safe and security
- 7How do Bank Transfers compare to other alternatives?
- 8What are the Advantages and Disadvantages of using Bank Wires/Bank Transfers?
- 9Bank transfer bookmakers and betting sites FAQ
Best Bank Transfer Betting Sites in 19 October 2021 – Updated List
History of bank transfer bookmakers and betting sites
Bank transfer bookmakers and betting sites laws and regulations
How bank transfer bookmakers and betting sites work
How to use bank transfer bookmakers and betting sites?
As earlier stipulated, the two most important things are having a bank account with enough money and having a betting account on online gambling sites that accept bank transfers. There are two types of transactions -depositing money and withdrawing money. Let’s look at each one of them.
All deposits are instant, and the process is easy and takes just minutes to complete. Here are the steps:
Withdrawing from your sports betting account
Wire transfers are not a prevalent payment mode because they take a bit longer than other methods. That’s why punters may opt for additional payment methods such as eWallets; hence eWallet bookmakers and betting sites. However, the sites offering Bank Wire withdrawing options aim to process the payments faster. The procedure for requesting to withdraw your winnings is pretty straightforward.
What are the best betting sites that accept Bank Wire/Bank Transfers?
Because bank wires are popular, especially among bigger players, most of the world’s leading sportsbooks accept this payment method. Pinnacle gladly accepts bank transfers. Sportingbet, BetVictor, and Bwin are also some industry leaders who take this method, as do Paddy Power and Stan James. Refer to the bookmaker database at Gamblingjudge.com to quickly find a recommended bank wire accepting sportsbook. Don’t forget to collect a great bonus while you’re at it.
How to choose the best bank transfer bookmakers and betting sites?
Undoubtedly, there are lots of bank transfer betting sites. This section will show you how to locate the best bank transfer betting sportsbook based on specific criteria. Ideally, consider the below features:
Note; PurplePay, Skrill, and PayPal bookmakers and betting sites are secure betting platforms thanks to the providers’ security checks.
Bank transfer bookmakers and betting sites safe and security
How do Bank Transfers compare to other alternatives?
Bank transfers are safe to both send and receive money, and if you want to trace your money, you can use a tracking ID. The most significant advantage perhaps is the ability to transfer vast sums of money without hindrances. That makes wire transfers a secure and comfortable way of sending and receiving cash. A bank transfer comes with risks, too – scammers (check betting scams) may attempt to ‘sell’ you certain products, and if these products don’t have a money-back guarantee, you may end up losing money. While you can reverse other money transfer methods, it’s impossible to reverse a bank transfer once affected. That makes it very risky. Besides, the transaction fees are choking. For the methods mentioned below, you can cancel a transfer or ask for a refund.
So, what are wire transfer alternatives?
What are the Advantages and Disadvantages of using Bank Wires/Bank Transfers?
Nevertheless, it comes with hefty transaction fees imposed by banks, whereas most alternative modes of payment do have such huge fees. An excellent alternative to bank transfers would be Rapid Transfer by Skrill. At Rapid Transfer betting sites, this payment option uses your bank account to complete the transfer but uses its network, so it is faster.
- Extremely higher limits
- Available worldwide
- A quick way to transfer money
- Ease of use
- Higher processing fee
- Unable to return/cancel transaction
- Easy to be fooled by scammers
Bank transfer bookmakers and betting sites FAQ
Bank wires are eligible for valuable bonuses at most bank wire accepting sportsbooks. Depositing with bank wires can get you up to £30 in bonuses at Betfred, while William Hill will give you up to €100 when you deposit using a bank wire.
Generally speaking, most countries allow bank transfers but not all banks allow transfers to all countries. Individual countries have their banking laws and some limit which countries can send and receive bank wires. You need to check with your bank to find out what countries you can send or receive bank transfers from.
Because bank wires are popular, especially among bigger players, most of the world's leading sportsbooks accept this payment method. Pinnacle gladly accepts bank transfers. Sportingbet, BetVictor, and Bwin are also some industry leaders who accept this method, as do Paddy Power and Stan James.
Bank wires can be used in the UK, and a lot of the best UK-based online bookmakers accept bank wires as a payment method for both deposits and withdrawals. Find out which recommended sportsbooks accept bank wires by referring to the sortable sportsbook database at Gamblingjudge.com.
Yes, a bank transfer is just one of the many ways of funding your bookie's accounts, and most esport betting sites accept this mode of payment. It's a popular method considering it was invented in 1875; so, all banks and esports online sports betting sites support this type of payment mode.
The amount to deposit in a bookie account varies from a bookie to another. Some betting sites do not impose a deposit limit, making it a better option for punters who bet huge sums of money. However, there is always a ceiling, which may not be mentioned. Other bookies might have a specified limit.
Deposits may be instantly deposited into your books account. However, in some bookies, it might take up to 2 working days. Perhaps the biggest disadvantage of bank transfers is that withdrawals take a longer time to be processed.
Bank Transfer Bookmakers and Betting Sites: Verdict
Bank transfer betting sites aren’t fast or instant playing bookmakers. While deposits may reflect immediately, your withdrawal will take quite a while. So if you are in a hurry to place bets or get your winnings, you better look for another payment method.
Other than that, these are one of the most secure betting sites. Since bank transfer has been a method of choice for over a century, it’s popular – anyone anywhere can use it easily. If you want to register on bank transfer betting sites, check the curated list of bank transfer bookmakers and betting sites in this writeup.
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