e-Wallets are a fantastic way for you to stay protected while sports betting online. They offer an easy, fast, and reliable way for you to fund your online sportsbook accounts as well as withdraw funds quickly. If you want to get started betting online and would like to use an e-Wallet, you’re in luck. Below, you’ll find a list of the top online betting sites and sportsbooks that utilize several different e-Wallet platforms for your convenience.
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If e-Wallet betting sites and e-Wallets are new concepts to you, that’s okay! In the remainder of this guide, we’re going to show you everything you need to know to understand and properly start using e-Wallet betting sites. We’ll start by showing you the most popular e-Wallets that you can use to join online sportsbooks, then we’ll break down how they work and what the benefits are, and we’ll close by talking about safety and things you should know before getting started.
The Most Popular e-Wallets
We’d like to take a quick minute and introduce you to the most popular e-Wallets that you’ll find working with online sportsbooks and gambling sites. If you see one you like, we do have links to the top betting sites that work with that e-Wallet for your convenience!
PayPal is one of the biggest and most well-known e-Wallets on the market. Born out of eBay, PayPal is a publicly traded company founded by industry rock stars Elon Musk, Peter Thiel, Max Levchin, Ken Howery, Luke Nosek, and Yu Pan. The company is massive with the most recent reported market cap of $61.6 Billion. If you’re interested in using the most reputable in the business, check out the link below to see the top PayPal betting sites.
Based out of London in the UK, Skrill is a very popular e-Wallet amongst Europeans. Part of the Paysafe Group, the company has been around since 2001 and does an annual revenue somewhere in the neighborhood of half a billion dollars. Skrill used to be called Moneybookers back in the day but changed names with a rebranding a few years back. The company is a great fit with the gaming and gambling industry as most European-facing sites offer it as an option. If you’d like to utilize Skrill to do your sports betting banking, click the link below to see our list of the top Skrill betting sites available.
Also a member of the Paysafe Group (the same as Skrill), Neteller is a popular e-Wallet that is a great fit for the online gambling industry. If you’re interested in using Neteller, a company that has been around since the 1990s, use the link below. It will take you to our constantly updated list of the top Neteller sportsbooks and betting sites available to you.
Along with these well-known e-wallets, there are so many more that betting sites accept. Below you can check out our full list of e-wallet banking options.
How e-Wallets Work and the Benefits
e-Wallets are a really cool way for you to make purchased and deposits online without having to give out your banking or credit card information to every single company and website that you want to work with. e-Wallets act as a middleman between you and the rest of the internet acting as a buffer or insulation to keep you protected. Let’s take a look at exactly how e-wallets work and how you can get started using one.
Some people shy away from e-Wallets because they are confused why they have to make an additional account to get money onto an online gambling site. But, it’s this additional account that helps to keep you protected from everything else you do on the web.
Let’s say that you want to deposit into an online sportsbook, want to purchase something from a website, and you want to order food online. If you don’t have an e-Wallet and are making these purchases with a credit or debit card, you have to give each of the three sites your name, address, card information, and anything else they need to process your transaction. The more that your information is out there on the internet, the more that you are exposed.
But, let’s say you decide to open an e-Wallet account with say PayPal. You would give PayPal your banking information. But, once you give it to them, you never have to give it to anyone else on the web that utilizes PayPal (which is almost every company). Now, when you go to order your item offline and order your food, you are routed to PayPal to finish your purchase there. PayPal uses their own banking information to make the transaction and then gets the money from your account or the banking information you linked to your PayPal account.
So, you get to make all your transactions, but you only had to share your banking information with PayPal. When you make other purchases through them, they expose their own information and keep yours between you and them. This is a huge benefit because it ensures that your information stays safe and you don’t have to use it over and over again at all the different websites you want to use.
Additionally, you don’t have any issues with your card getting flagged or declined by a sportsbook or a company because they aren’t sure of the charges or something like that. If the company works with PayPal, they already trust them and will go ahead and process the charges you want to make. When it comes to using sportsbooks that might be operating out of a different country, this is huge.
Is it Safe?
Using an e-Wallet is not only safe, but it’s also a lot safer than some of the more traditional methods used to fund and bank with your favorite online gambling site or sportsbook. Because of the protection you get from the insulation, your personal information and payment details are much safer.
No, we don’t anticipate your information being compromised from one of the sites that we recommend, but it never hurts to take the additional precautions. No one ever plans on their house catching on fire, but they still buy smoke detectors and insurance.
Things You Need to Know
We wanted to make sure that we gave you any and all information about e-Wallets and e-Wallet betting sites that we could. Below, you’ll find a few things that we felt you needed to know that didn’t fit neatly into any of the above categories.
e-Wallets are not charity companies built to make your life easier. Yes, they were built to make your life easier, but they do exist to make a profit. This means that on certain types of transactions there will be fees. The good news is that the fees are usually very low and they only hit your money going one direction.
What we mean by that is that you may pay a small fee to fund your account, but you’re not also going to get a fee when you go to deposit onto an online sportsbook or make an online purchase. If they did that, they would win the award for greediest companies in the world, and thankfully they don’t own that trophy.
Just be aware of what the fees are and make sure you’re okay with them. A lot of the sites have simple workarounds that let you avoid a lot of the fees, especially with new accounts. For example, Skrill will let you make your first deposit up to $20k with no fees.
The e-Wallet concept is not one that is only good for online sportsbooks or gambling sites. You can use your e-Wallet at a ton of stores across the web, and you can even use it to pay your bills sometimes. This means that when you withdraw your money from the sportsbook, you can either transfer it back to your bank account, or you can start using it right away to make purchases.
You can also link your e-Wallet directly to your bank account and make purchases protected while still pulling the money directly from your account. The point we’re trying to make here is that e-Wallets are pretty awesome for just about anything you’re going to do money-wise on the web. Take advantage of these benefits and perks.
e-Wallets make everything you do on the web easier, safer, and more reliable. This means that using e-Wallet betting sites is also going to be easier, safer, and more reliable. If you care about your privacy and still want to have the same great experience as everyone else who is sports betting or gambling on the web, take advantage of e-Wallet betting sites.
The sites we’ve recommended to you at the top of the page are the best in the business and a great place to get started betting today!