Credit cards stand out among the most common payment methods across the U.S. Ranging from paying for groceries, gas, clothes or events, the flexibility make it easy for anyone. It is no surprise that the popularity has helped develop some of the best sports betting credit card sites.
Visa, Mastercard, and American Express are a few of the credit cards that sports bettors are interested in using on these sites. There are many sportsbooks that accept credit cards, but there are a few things users should be aware of before getting started with a credit card at any of the top sports betting apps.
Which Betting Sites Accept Credit Cards?
In 2023, the majority of online sportsbooks accept credit cards as a payment method. However, we recommend using an alternative deposit option and suggest checking out the best sports betting sites that accept PayPal.
How the Best Credit Card Betting Apps Compare
What to Look For at Credit Cards Betting Sites
Now that we have reviewed which sportsbooks offer credit cards as a deposit option, there are other factors to review when considering where to deposit your money.
Payout speed
The payout speed is important to consider when signing up for a new sportsbook. Depending on the platform, the payout time could be a 24-hour window or fall within 3 to 7 days. It is important to read the sportsbook’s terms and conditions before depositing money. Don’t set unrealistic expectations for when winnings could land in your pocket.
Other options for a quicker payout include E-wallet, PayPal, or Skrill.
Market Variety
Before making your deposit, it’s important to ensure that the sporting event you want to bet on is available at that sportsbook. Some mobile sportsbooks have more options than others if you are looking for a niche event like ping-pong or cricket. All major sports betting sites offer bets on the professional North American leagues.
Deposit and Withdrawal Limits
At certain sportsbooks, when it comes to betting with credit cards, there are limits to how much you can deposit or withdraw. Some may not require any minimum deposit and others could have as high as a $20 minimum when depositing into your mobile sportsbook account.
Withdrawal limits are less likely when it comes to betting with a credit card, but many sportsbooks will not allow users to withdraw onto their credit or debit cards. They will require users to use PayPal or online banking options in order to receive their funds.
Security
When it comes to the various ways to deposit money in your account, credit cards are one of the safer options. In the small chance that there is a security breach within the sportsbook, credit card companies can cut off funds immediately and will handle most of the fallout.
Customer Support
Since depositing money into any sort of mobile account can be somewhat intimidating, being able to reach customer support promptly is an important factor. Any issue with depositing or withdrawing money can be frustrating. A reliable and quick customer support hotline could make a difference. Some sportsbooks have 24/7 hotlines while others require 1 to 2 business days to provide a response.
How to Bet With a Credit Card
There are a few necessary steps to take before depositing money into a sportsbook account with a credit card. Below, we break down how to bet with a credit card on your favorite sports betting site.
Choose a Sportsbook
All of the mobile sports betting apps listed above are great choices for any new sports bettor. Each one has strengths and many reasons to use it. Visit any of the sportsbook reviews to see which is the best fit for you and your betting needs.
After selecting the sportsbooks you would like to bet with, make sure to take advantage of Gaming Today’s sports betting bonuses to get the most out of creating a new account.
Register for a Sports Betting Account
After downloading the sports betting app, select “Register” and complete the registration process. This will consist of creating a username and password, then providing an email address, social security number, and a few other pieces of identity-verifying information.
How to Deposit With a Credit Card
Now, you are ready to deposit money with your credit card. When prompted, select the form of transaction you would like to move forward with. Select credit card, enter your information, and the amount you would like to deposit.
With some sportsbooks, there are deposit minimums to be aware of. Users should also be aware of bonus opportunities. Before making the initial deposit, check to see if the sportsbook offers deposit matches.
Place a Bet
Navigate through the sportsbook to find the sport and event you would like to bet on. After choosing what to wager your money on, place the bet through the sportsbook’s betslip and wait for the game results.
How to Withdraw With a Credit Card
If your bet should win, there are a few ways to withdraw your money. In many cases, users are not able to withdraw money onto a credit card. This is a weakness of betting with any form of credit card payment. Users could have to add banking or PayPal information in order to withdraw their funds. Each sportsbook is different, so make sure to look into all possible transaction options.
Pros and Cons of Betting With a Credit Card
We have been over the “how to” aspects of betting with a credit card, so let’s dive into why you should or should not use this payment method for sports gambling.
Pros
- An easy and instant deposit of funds
- No deposit fees from the sportsbook
- Low barrier to entry
- Protected under the Fair Credit Billing Act
Cons
- Some banks block gambling activity as fraud charges and do not allow transactions to process
- Many sportsbooks require withdrawals to be made through a different method
- Sharing credit card information online can be a risk
- Can lead to the risk of overspending
Credit Card Alternatives
While credit cards are a fast and easy option for online sports betting, it is not for everyone. There are other terrific options for new users to get started with a sportsbook. If you are not sold on using a credit card to place your bets, below are some different options for new users.
- PayPal
- Online Banking
- eCheck
- Play+ Card
Be sure to do research on each option and find the one that is right for you. Make responsible decisions with online gambling with whichever payment option you decide on.
Credit Card Betting Sites FAQ
Most major sportsbooks will accept credit cards as payments when making a deposit. New users can check to see if a mobile sports betting app accepts credit cards before creating an account.
Visa and Mastercard are the most commonly accepted credit cards across mobile sports betting sites. There are some exceptions, however, and users depositing money with either option will have no issue placing bets online.
FanDuel Sportsbook accepts Visa and Mastercard for credit card payments.
Users betting with credit cards run the risk of additional interest fees, impulse spending, and possible fraud and security cases. While sportsbooks offer high security and privacy settings for users, there is always a risk present with using a credit card online. Users should gamble responsibly and with caution.
Credit card withdrawals are not accepted at all mobile sportsbooks. If unable to withdraw funds to a Visa or Mastercard account, bettors will need to add an alternative payment method, like PayPal.
Most sportsbooks will not charge users a fee for depositing money with a credit card. The fees for using a credit card often come from the credit card provider itself so it’s important to understand the terms and conditions associated with your credit card account.
About the Author
