Payments methods: Wire transfer

Posted on by thesisexpert.co.uk

Wire transfer is the slowest and most complicated way to transfer the money to or from an online bookmaker, but is still widely used as a reserve payment method.

ADVANTAGES

It never fails and all bookmakers accept wire transfers. They’re useful when you want to fund your account for the first time or when you need to withdraw money after depositing with an option that doesn’t allow withdrawals, e.g. Paysafecard.

DISADVANTAGES

Wire transfers are generally slow, and it’s difficult to transfer the money to a faster and more flexible payment option. Therefore, wire transfers should only be used when the goal is to transfer the money to a different payment option.

CONCLUSION

Wire transfers should never be used if another option is available, but are invaluable as a reserve payment method. For example, if you’re using Skrill or Neteller you may want to fund your account with a wire transfer in order to be able to use the full flexibility of an online wallet afterwards.

Credit cards

Posted on by thesisexpert.co.uk

Credit cards are a very good payment method for online betting if used properly. It’s possible to bet with borrowed money with a 0% commission.

The biggest advantage of credit cards is, well, that they’re credit cards. Therefore it’s possible to wager some money today and pay for it with the next credit card statement, or in case of revolving cards distribute the expense over a longer period of time.

It’s best to use credit cards to fund the Skrill or Neteller account because all bookmakers accept these two online wallets and the transactions with the bookmaker are free, whereas you’re stuck with one bookmaker if depositing with a credit card directly. And it’s possible you might not be able to deposit with a certain bookmaker, depending on what card you have.

There is one bookmaker that accepts credit cards without commission, and that’s Bet365, Visa and MasterCard only. In this case we advise you make a direct deposit with a credit card, of course.

ADVANTAGES

Bet today, pay next month.

DISADVANTAGES

You might have to use wire transfer as the withdrawal method. This is avoided if not depositing directly with a credit card, and using the card to fund the Skrill or Neteller account instead.

CONCLUSION

The only way to bet with borrowed money. In case of Bet365, without a fee.