Credit cards as we know them today have been around since the early 1920s when individual firms began issuing them to people for the purpose of paying for goods and services at company outlets.
The Diners’ Club card became the first universally accepted credit card in 1950 and it was followed by the American Express card in 1958.
Today, there are several different credit cards which people use to pay for anything you could imagine.
Credit cards are usually issued to people based on their credit ratings. Credit limits are set and users pay interest on their month end balances.
Card holders are normally billed regularly and must meet minimum monthly payments in order to remain in good standing.
Credit cards are one of the most common payment methods and they are extremely convenient and easy to use.
They are one of the most common ways for internet gamblers to fund their betting accounts.
Almost all online casinos and sportsbooks accept this method of payment. The transactions are easy and in most cases, the funds are instantly available to the betting account.
Top 10 bookmakers for Credit Card deposits
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How and why should you use a Credit Card for Sports Betting?
There are many reasons why you should use a credit card for sports betting. Aside from the ease and convenience, major credit cards are accepted at almost all sportsbooks which gives holders a very large selection of reputable sportsbooks to choose from.
Credit card users just need to login to their credit card-friendly sportsbook and select the “Deposit” option. When prompted to pick a payment method, simply select your credit card and complete the process.
It only takes a couple of minutes to do this and your betting account will normally be immediately credited. This means that you can start placing your bets right away.
Is it Safe to use Credit Cards for Online Sports Betting?
Credit card payments and withdrawals are extremely safe methods. It is true that identity theft and fraud have become real concerns but the providers have many safeguards in place. Also, any reputable online bookmaker will have security measures in place such as Secure Layer Socket technology and data encryption.
The best way to check if an online credit card-friendly bookmaker’s site is secure is to check the address bar. A secure site’s URL will begin with “https://” instead of “http://”. You can also check with your online bookie to see what other security measures are in place.
Of course, credit card holders need to take a few precautions to minimize the chances of being defrauded. Such measures include keeping credit card information private and ensuring that they are on a secure network when they perform a credit card transaction.
Are there any Credit Card Fees for Deposits and Withdrawals at Sportsbooks?
Very few, if any online gambling sites will charge their customers when they make a credit card deposit. However, most companies will consider this type of transaction as a cash advance and charge accordingly. If you are considering a credit card deposit, check with your company to find out what fees apply.
Credit card withdrawals are a little different. The biggest problem is that a lot of sportsbooks don’t allow the use of credit cards as a withdrawal option but don’t fret. There are plenty that do and those sportsbooks usually allow for a free withdrawal at least once a month.
Over and above the free withdrawal, sportsbooks will usually charge a withdrawal fee. The credit card company will normally also charge a small fee on each withdrawal. These fees will vary depending on the type of card being used.
How to Make Deposits and Withdrawals Using Credit Cards?
Credit card deposits are very easy and sportsbooks accounts are usually instantly credited. To deposit using a credit card simply login to your sportsbook and click on the “Deposit” option. Fill in the information and select your desired method when prompted to choose a payment method. Complete the process and you should see your sportsbook account instantly credited.
To make a credit card withdrawal you first need to find out if that is an accepted method. If not, you will need to find an alternate withdrawal method such as an eWallet. If you are allowed to withdraw using a credit card then you just need to select the “Withdraw” option and select the appropriate credit card when prompted.
Depending on the sportsbook and credit card, withdrawals can typically be processed in 1-5 days. Check with your sportsbook to find out what their processing time is.
What are the Best Betting Sites that Accept Credit Cards?
Most of the world’s best online bookies accept credit cards. Visa and Mastercard are most commonly used although many accept other cards such as American Express and Maestro. Unibet, Betfair, and MarathonBet are among the most reputable bookies in the industry and they accept credit cards as do BetVictor, Bwin, and Paddy Power.
Other top-rated internet credit card-friendly bookmakers include Betfred, Bet at Home, Stan James, Ladbrokes, and 888. In fact, of the 102 UK online sportsbooks that are listed at Gamblingjudge.com, 90 of them accept credit cards.
Are Credit Cards Good for Bonuses? What are the Top Credit Card Betting Bonuses?
Credit card deposits are good for collecting all kinds of bonuses. Users are eligible for welcome bonuses, deposit bonuses, and many other types of bonuses and promotions. Punters that use this method to make their first deposit at Sportingbet, William Hill, or Vernons can get their hands on up to £25 in welcome bonuses.
Make sure to check the promotions section at Gamblingjudge.com to find more awesome and easy to claim bonuses.
Are Some Countries Banned from Using Credit Cards?
The overwhelming majority of countries allow the use of credit cards but there are always exceptions. In this case, Cuba, North Korea, Myanmar, Sudan, Syria, and Iran are among the few nations that don’t accept them.
Credit card holders should also be aware that their card may not be accepted if they are traveling abroad. If you are planning a foreign vacation it is a good idea to check with your company to see if the card is accepted at your destination.
Can Credit Cards be used for Online Sports betting in the UK?
Most UK-based sportsbooks will gladly accept credit cards. Visa and Mastercard are accepted at 90 of 102 UK sportsbooks that are recommended by Gamblingjudge.com. It is pretty obvious that Visa and Mastercard holders have a far greater selection than other brands.
Check the sportsbook database at Gamblingjudge.com to find out which online bookies accept your specific brand.
What are the Advantages and Disadvantages of Using a Credit Card?
Credit cards are generally a fast and easy way to fund your sportsbook account. Most sports betting sites accept them which gives holders a very good selection of the best sportsbooks. They are safe, secure, and processing times are pretty fast.
There are a few drawbacks to using credit cards. Sportsbooks do not always offer credit card withdrawals although many do. Also, they are sometimes subject to fees that other methods such as eWallets aren’t.
As mentioned earlier, credit card sportsbook deposits are usually considered cash advances and subject to even more fees and possibly higher interest. Users should be well versed in both the terms and conditions of their online betting sites as well as the terms and conditions of their credit card.
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