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Credit Card Friendly Betting Sites

Credit Card AcceptedYou’ll find the best credit card betting sites listed on this page of Cheeky Punter along with a whole host of other info including how to use your credit card for online gambling, how secure depositing with your credit card actually is and if there are any fees associated with your deposit.

First I’m going to kick things off with a list of bookmakers which accept credit cards for depositing and more importantly withdrawing funds:

List of Betting Sites That Accept Credit Cards

*Info accurate as of 15-01-2019 for the UK market.

Comparison: Deposits, Withdrawals & Fees

Bookmaker Min Deposits Withdrawals Fees
Betvictor £5 Instant 1-6 days 0%
Coral £10 Instant 2-5 days 0%
William Hill £10 Instant 3-5 days 0%
Paddy Power £10 Instant 2-3 days 0%
888Sport £20 Instant 6-10 days 0%
Betfred £5 Instant 1-5 days 0%
Ladbrokes £5 Instant 3-5 days 0%
Unibet £10 Instant 2 days 0%
Betfair £5 Instant 3 days 0%
Totesport £10 Instant 1-5 days 0%
Boylesports £5 Instant 1-5 days 0%
Betdaq £10 Instant 1-5 days 1.5%

Note: all of the sites listed above have been reviewed by me in the reviews sections and have been rated with at least an 4 star grade – any sites rated lower are not included in the list above.

How to Use Your Credit Card for Gambling

Credit CardUsing your credit card to get started with online gambling is a fairly straightforward process. Operators go to great lengths to ensure that they accept the greatest number of payment methods possible, so if you’re using a credit card issued by a major processor like Visa or MasterCard, you should find your card accepted virtually everywhere.

Potential issues arise if you’re using a less-widely accepted card, such as Discover or Diner’s club. However, even in these cases, you should be able to find places which accept your particular credit card.

In any case, you’ll be asked for certain information when attempting to pay by credit card. This includes:

  • Your Full Name: Must be spelled out exactly as it is spelled on your card.
  • Your Mailing Address: Should be identical to the address registered when you applied for the card, unless you’ve formally changed your address with the card’s issuing financial institution.
  • Credit Card Number: The long number (usually 16 digits) across the front of the card.
  • Expiration Date: The last date on which you can use the card.
  • CCV Code: A 3-digit number found on the back of the card, toward the top, right-hand, corner.

Once you input your financial information, the transaction should go through almost immediately. One word of warning though, before you deposit by credit card. It can often be difficult, or even impossible, to withdraw money from a bookmaker to your credit card, so ensure that you have an alternative method to withdraw your winnings. I say this because it’ll go back to your credit card and not to your bank account.

Credit Card Security Online

Although security is always an issue with internet-based financial transactions, credit card processing companies go to great lengths in order to prevent fraud, and you can take some comfort in their fraud prevention and detection schemes.

Both Visa and MasterCard have recently implemented programs to verify user identity, namely Verified by Visa and MasterCard SecureCode. Both programs function in quite a similar manner – you set up a PIN number or password with the processor, and then when you check out at an online merchant, you’ll be prompted to put in the PIN or password. As merchants are not involved whatsoever in the process, it can add an extra layer of security to your online purchases.
On the transaction side, all major boomakers utilize SSL (Secure Sockets Layer) encryption for pages into which you input financial details. This ensures that the data is only seen by you and by the authorised party.

Additionally, companies which are authorised to retain customer financial information in the UK are bound to maintain high security levels, which are verified by outside organisations. Look for proof of SSL encryption by checking the website’s certificate, or simply look at the URL. If the http is followed by an s, then you can be sure that the site is secure.

Credit Card History

The history of credit cards in the UK goes back to 1966, when Barclays launched the Barclaycard. For several years, this was the only credit card available in the UK. Starting in the mid-1970’s, other banks, including Lloyds and RBS, began to launch credit cards of their own.

Credit cards operated, and still do, by extending a revolving line of credit to the consumer. The amount of the credit line is determined by a number of factors, including the exposure of the bank, the availability of credit, and most importantly, the credit-worthiness of the customer.

When a purchase is made with a credit card in a shop or at one of the many online bookmakers, the bank extends credit, temporarily interest-free, to cover the amount of the purchase, and then bills the purchaser at the end of the month. All amounts that are not paid in full are rolled over to the next billing cycle and interest is charged to any outstanding payments.

Although credit cards long held appeal to customers due to their convenience and ease of use, they really got a boost when the internet took off in the late 1990’s and early 2000’s. Payment by credit is not only fast and convenient over the internet, but credit cards typically provide better fraud protection than do debit cards.

Fees Associated with Credit Card Deposits

Do credit cards have deposit or withdrawal fees?

Banking FeesAlthough some online online bookies had historically charged convenience fees for customers who paid by credit card, more recently a higher level of competitions among the bookmakers are driven such fees to virtual extinction. Presently all major bookmakers specifically advertise their lack of fees for both credit and debit cards.

While not a fee directly, laws and restrictions on credit cards often make it very difficult to withdraw you winnings back to your credit card. For instance, users of MasterCard credit cards are typically unable to withdraw any money at all back to their account, while for Visa it varies by country. For instance, users of cards issued in the United States, Australia, South Korea, Japan, China, and India are unable to withdraw anything back to their account. However, users of card issued in the UK and most of Europe are typically able to withdraw at least a portion of their winnings back to the card.

You’ll only be able to withdraw winnings in an amount equal to or lesser than the amount deposited. For the remainder, you’ll have to make use of an alternative method of withdrawal.

the Cheeky Punter
The Cheeky Punter is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has worked for a number of top bookmakers including Ladbrokes, William Hill and Coral. He's also written for a number of leading news outlets including the Guardian, i (newspaper) and Soccer Lens. More about him here.