Deposit & Withdrawal Methods at Gambling Sites

Posted by Kevin King . Last updated:

Are you wondering how to deposit and fund an online gambling account in the United States?

Our guide covers all the ways to put money into an online gambling account, possible deposit problems you might encounter at gambling sites, and tips for resolving deposit issues quickly.

Trusted Sites to Deposit Money

These online betting sites have the top deposit methods for US players to fund their account.

Types of Deposit Options

There are plenty of banking options that players have when they head to online gambling sites. Here are the most popular:

The most popular method for funding your account

Using a credit or debit card to fund your gambling account is the most popular and widespread method, which shouldn’t be a surprise based the number of people who possess MasterCard, Visa, and American Express cards. Obviously, the size of your deposit can’t exceed your limit if you opt to use a credit card or the balance of your bank account if you go with a debit card, but otherwise, this method is very fast and completely safe.

Making a Visa or MasterCard deposit is simple. All that is required is your billing address, card number, expiration date, and Card Verification Value (CVV) back-of-the-card code. Unlike in the case of e-wallet transactions, you won’t be forced to sign up for third-party-site services.

The catch here is that making a credit or debit card deposit may limit your withdrawal options to some extent. Typically, you’ll need to request a check by courier or bank wire transfer when cashing out.

Nevertheless, credit and debit cards allow you to transfer significant funds without being forced to pay any excessive fees, which makes them perfect if you want to claim a large deposit bonus. Just be sure your credit or debit card is cleared for international transactions before you attempt to use it.

What are the Most Popular Credit Cards for Online Gambling?

Great for speed, higher limits and anonymity

Bitcoin is an open-source digital currency system, which was introduced in 2009 by an anonymous individual or group known only as Satoshi Nakamoto. Unlike the traditional fiat currencies, the system isn’t controlled by a single entity like a government or central bank. The entire network is completely decentralized, with individual users volunteering their computing power to execute and record network’s transactions. This means that nobody is capable of singlehandedly influencing it by adjusting the supply or exchange rates.

Another advantage of using bitcoins over fiat currencies is that all the transactions are pretty much anonymous. Bitcoin users aren’t required to identify themselves by name or address. Furthermore, it is worth pointing out that while bitcoin started out as a rather gimmicky currency and wasn’t initially worth much, the total market capitalization of bitcoin briefly exceeded $1 trillion in February 2021 when each coin was valued at more than $58,000. Consequently, it should come as no surprise that further sub-units have been introduced to facilitate smaller transactions.

Trading your bitcoins for traditional currency is as simple as visiting one of the numerous bitcoin exchange sites. Keep in mind that the specific exchange rates aren’t really fixed. Despite the fact that bitcoin isn’t accepted by banks, many well-established companies like Tesla, TigerDirect, Virgin Galactic or Zynga have started accepting this form of currency over the past few years. Even better, many governments have taken a hands-off approach when it comes to regulating bitcoin transactions and mining.

High speeds, low fees

E-wallet are very popular with online gamblers due to extremely high processing speeds and relatively low fees. Most casino, sportsbook or poker rooms will receive your money instantly, which allows members to start playing for real money following their first deposit.

However, e-wallet sites like Neteller or PayPal are also very picky about the gambling sites and countries they trust. Consequently, if your region has stringent gambling laws, odds are high that this deposit method won’t be available. For example, US-facing gambling sites are notorious for refusing to accept e-wallet payments due to the Unlawful Internet Gambling Enforcement Act. These restrictions don’t typically apply to European players.

Players who opt to make a deposit through an e-wallet can earn additional bonuses, some as high as a 20% deposit match. E-wallet transaction fees are easier and lower for the online casino, which allows them to pass the savings onto you.

  • Pros: Safest and most secure option to deposit and withdraw money. Easy to move money to different gambling sites.
  • Cons: Can take a few days to set up and confirm the account. E-wallets charge fees, usually a percentage of your deposit, to use their services.

What are the Most Popular Online Gambling E-wallets?

Good for managing your bankroll

Prepaid cards are very similar to debit and credit cards, but allow you to go about funding your online gambling account in a more discreet manner. Most sites that accept regular credit/debit cards will also accept a prepaid Visa or MasterCard. The entire process is as simple as acquiring a card, loading it with funds and making a deposit at the gambling site of your choice.

Unlike gift cards, prepaid cards can be reloaded both locally and online. A good example would be a Visa Prepaid Card, which can be loaded at any location sporting a Visa ReadyLink symbol.

Remember, some gambling sites won’t accept every prepaid on the market. We’d advise contacting customer support to confirm that the card you chose will work. Most online casinos support staff can be contacted via email, phone or LIVE chat.

Just like with credit cards, you’ll want to make sure that your card has been cleared for online payments and international transactions. Domestic-only prepaid cards can’t be used to make a deposit on most gambling sites.

If you don’t see prepaid cards listed as a deposit option on your preferred online casino, they may under the credit/debit card section.

What are the Most Popular Online Gambling Prepaid Cards?

Reliable and popular

With American gamblers limited in the number of deposit methods to choose from, money orders are a very popular option. The main advantage of making a payment via a Western Union or Moneygram® money order is their reliability and decades of experience in the space. You can’t go wrong with a company that offers over 270,000 outlets all over the world and earn $5 billion every year.

However, sending money via a money order is slightly more complicated than using your credit card or e-wallet account. We’ll use a Western Union example to walk you through the entire process.

First, you’ll have to create a Western Union account on the company’s website and register your credit card.

Next, you’ll have to contact the gambling site’s support staff and ask them to give you the information necessary to make a Western Union payment. Once you’re done, go back to the Western Union site, select “Send Money in Minutes” and complete the form using the information obtained from your casino or poker room.

Finally, write down the Money Transfer Control Number (MTCN) and send it back to your gambling site, which will confirm the transaction.

You’ll have to wait a while for the money to go through, which shouldn’t take more than an hour. While this doesn’t take all that long, know that Western Union and Moneygram® payments typically charge a fee. This is why those making small casino deposits, should look for a different deposit option.

If you’d rather skip creating an online account and funding it using your credit card, you can simply write down all the transfer information provided by the casino/poker room, take your photo ID and visit your local Western Union/Moneygram® office to make a cash transfer direct.

What are the Most Popular Online Gambling Cash Transfer Deposit Methods?

Possible Deposit Problems and How To Handle Them

Declined Credit/Debit/Prepaid Card

Declined Credit/Debit/Prepaid Card

The site won’t accept your card

Credit card transfers and deposits are often declined due to insufficient funds – basically, you won’t be able to exceed your credit limit or deposit more than you have in your bank account.

Nevertheless, if you’re sure that you have enough funds to make your payment, the first thing you should check is whether you’ve correctly entered your billing address and whether the address matches the one you used when signing up for your gambling site account.

Another solution would be to try a smaller deposit, as many banks restrict the amount of money you can send to online gambling sites. If that doesn’t work and you’ve tried using another card to no avail, you’ll have to contact your credit card company to solve this issue. Finally, make sure that your card has been cleared for online/international transactions.

Low Deposit Limit

Low Deposit Limit

Not being able to deposit as much as you want

Many gambling sites have restrictions in place on the maximum allowed deposit, which means that you won’t be able to pay more than a certain amount with a single transaction. Usually, this limit is set between $1,000 and $2,000, and unfortunately, there’s no way to circumvent it other than by making two or more payments.

If you’re a high roller and you’d like to deposit more, I’d advise looking for a site that doesn’t have any maximum deposit restrictions in place. Whether you’re from Europe, Asia or the United States, finding a reliable poker room, casino or a sportsbook that doesn’t force you to limit your payments shouldn’t be an issue.


However, if you’re planning to deposit big, make sure to check the withdrawal limits – larger bets usually mean bigger winnings, and there’s nothing more frustrating than having to wait five or six weeks before the entire cash out request has been processed by the site. Also, make sure to e-mail your casino or poker room of choice and ask if their maximum deposit limits can be raised; you’d be surprised how many of them will gladly comply.

Slow Deposit Processing

Slow Deposit Processing

Deposit isn't showing up in your account

While most deposit methods are instant, which means that funds will be credited to your account the moment you confirm the transaction, some options will require you to wait for the money to go through. For example, a deposit made with a credit card will be finalized after being approved by your credit card company, while a bank wire transfer may take up to five business days.

What’s more, some methods take longer to process on the casino’s side. This kind of information should be accessible on the casino’s or poker room’s website, but if you have any doubts, you should contact customer support. The best way to avoid all these problems is to use an e-wallet to make your deposit if possible, which is almost always instant.

How to Cash Out – Withdrawing money from a gambling site

Hopefully, after you gamble online for a while, you’ll have some winnings to cash out. This part of our guide will teach you what you need to know about getting your winnings back to your bank account, where they belong.

Withdrawals in Gambling-Friendly Countries

Gambling-friendly countries like the United Kingdom make it very easy for players to withdraw their winnings, as e-wallet services like PayPal and Neteller are available to their residents. As a result, cashing out is safe, quick and generally painless – once your e-wallet account has been verified, you won’t be forced to wait for weeks before your money arrives.

Consequently, most sites won’t bother sending you a check by courier (though it is an option at some venues), however, if you want you can usually request a traditional bank wire transfer or even a Western Union or Moneygram® cash transfer if you used one of those services when making a deposit.

Withdrawals in the United States

The United States is a special case, as the country has very strict gambling regulations which differ from state to state, but despite that has a massive gambling market. As a result, American gamblers have limited choice in terms of available withdrawal options, especially since e-wallet transactions aren’t available for them. As a result, the most common cash out method is to receive a check via courier, which usually takes up to ten business days to deliver.

Another popular option is a Western Union or Moneygram® cash transfer, but keep in mind that this becomes available only if you made a deposit using the same channel. Bank wire transfers are also available through many sites and some specific casinos and poker rooms might even allow you to withdraw using a debit card – in that case, the money usually takes about five business days to arrive.

Gambling Sites Banking Option FAQs

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