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What is the Quickest Betting Deposit Option?

Quick Deposit OptionsLots of deposit methods can be quick BUT what is the quickest betting deposit option available to punters?

Some methods will have money appearing in your account instantly but some will cause you a slight delay meaning you might miss your chance to place a bet.

The following table outlines the main available deposit methods, compares them and shows how quickly each option will have money into your betting account.

List Of The Quickest Deposit Methods:

*Click method to see where it is accepted.

Method Speed Popularity
Credit Card Instant
Debit Card Instant
Apple Pay Instant
PayPal Instant
Neteller Instant
Skrill Instant
Bank Wire 24-72 hours
Entropay Instant
Cash At Counter Instant
Click2Pay Instant
ClickandBuy Instant
ecoPayz Instant
InstaDebit Instant
Paysafecard Instant
UKash Instant
Cheque 48-120 hours

Instant Deposit Options

Deposit options offered by most major online bookmakers can be separated into two broad categories. The first allow you to fund your betting account instantly and the second require you to wait a varying period of time between processing the deposit transaction and seeing the money actually show up in your account. The following are the deposit methods which fall within the former category.

Credit Cards

One of the most widely available and most popular deposit options around, funding an online betting account by credit card is just like making any online purchase. You must enter your card details as and when prompted and your money will generally then appear in your betting account instantaneously.

The first time you use a credit card to deposit to a betting account, however, you may be asked for proof of ID before the transaction is authorised. This can obviously slow down the process but will only occur once and is something which can be requested for many different deposit options.

Debit Cards

As popular as credit cards if not more so, debit cards are also accepted by the vast majority of online bookmakers. Once again, funding your account in this way involves simply inputting your details in the same way as with any online transaction and will see your funds appear immediately.

Many online bookmakers, too, will give their customers the option of saving their card details to speed up the deposit process even farther in future. When taking that option, punters typically only have to enter their security code and their desired deposit amount for subsequent transactions.

eWallets

An increasingly popular deposit option, many online bookmakers will now allow customers to fund their accounts using eWallet services such as Paypal, Neteller and Skrill. These methods also see funds appear immediately after a transaction is completed but the actual transaction itself can take a little more time.

With most bookmakers, depositing via an eWallet service involves selecting the individual service required from a list of available options, choosing a deposit amount and then being redirected to the service’s own website. Once there, a punter must sign in to their account in order to authorise the payment to the bookmaker or betting site.

Cash

Some bookmakers who have physical stores and outlets as well as an online presence will allow customers to deposit to their online accounts using cash in their betting shops. Those companies who do offer this option, will generally be able to credit the deposit to a punter’s account immediately upon receiving the cash.

It should be noted, however, that whilst cash deposits are credited immediately they will generally take longer to complete at the outset. Punters, after all, have to physically seek out and visit a betting shop in order to deposit in this way.

Prepaid Cards & Vouchers

Lots of online betting sites will now also accept deposits via prepaid cards or voucher services, including Paysafecard and Entropay. These services generally work by allowing customers to purchase a card or voucher, credited up to the value of their purchase and complete with numbers and details similar to a credit card.

When using them to deposit to an online betting account, therefore, punters need simply enter those details in the same way as normal credit or debit card information, and will see their funds appear immediately in their account.

Deposit Options with a Delay

The number of possible methods for depositing to an online betting account which don’t see funds appear immediately are far fewer today than ever before. The following, however, are the deposit options which do still feature a delay between the processing of a transaction and money appearing in a punter’s account.

Bank (Wire) Transfer

An option offered by most major bookmakers, depositing via bank transfer involves punters directly moving funds from their current or savings account to their online betting kitty. Most bookmakers will provide customers with account details for any transfer and instructions as to a reference to apply to the transfer, which will ensure that their own betting account is the one funded.

Basically across the board with all bookmakers who offer this deposit option, there is a fairly significant delay between authorising the transfer and seeing the funds appear in a betting account. Most bookmakers stipulate that the time punters will need to wait will be somewhere between two and ten working days and will differ from one transfer to another.

Cheque

A somewhat outdated payment method in all spheres, let alone when it comes to online transactions, some bookmakers do still allow punters to fund their accounts by cheque. Those bookmakers which do, will inform customers of who to make cheques payable to and where they need to be sent.

Due to both the need to send cheques in the post and the time that cheques take to clear, the delay between writing a cheque and funds appearing in a betting account is often significant. Many bookmakers who take cheques will warn their customers to expect a wait of anywhere between five and 28 working days.

Author: David Lenton

David Lenton
David 'the Cheeky Punter' Lenton is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has also worked for a number of top bookmakers including Bet365, Ladbrokes, William Hill and Coral. With such a long time spent dedicated to the gambling industry no one is better placed when it comes to advising punters. Follow on Twitter @thecheekypunter