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Prepaid Cards Betting Sites

Prepaid cards are possibly the best option for making a sportsbook deposit. Anonymity, security, speed and more are what make this deposit method a player favorite. Prepaid cards have many forms and uses but when it comes to online gambling, they are a perfect fit because they have only a certain amount of funds and are not connected to your bank account. This gives you the opportunity to play with funds that cannot be traced back to their source and therefore cannot enable hackers to drain your bank account.

Of course, as with any payment method, there are both advantages and disadvantages to using prepaid cards to deposit in a sportsbook. Here, we will examine them in detail and explain exactly how they work, how you can use them, and the exact positives and negatives to using them when it comes to sports betting.

Top 15 Betting Sites for Prepaid Cards

  1. Everygame

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    Regulators
    Curaçao Gaming Control Board
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bitcoin and ecoPayz - 48 hours
    • Checks (the US only) - 5 business days
    • Bank wires - up to 15 business days
    • SEPA - up to 4 business days
    • The most experienced gambling operator
    • Extensive coverage of US-popular sports
    • Decent selection of horse races
    • Low minimum deposit requirement
    • Customer support via live chat and email
    • Different gambling products

    Everygame is a trustworthy international bookmaker which combines long experience and traditions with a modern approach and innovative features. On-the-go wagering is enabled via an easy-to-use mobile version of the main betting site while the interface allows for quick navigation between the different categories. Among the many payment methods you can use to fund your account, the one that provides the most anonymity is prepaid cards, paysafecard in particular. Keep in mind, however, that it cannot be used for withdrawals and you will need to choose another solution to access your winnings. Both the promotional offers and the list of top sports vary depending on the punter’s country of residence.

  2. 22bet

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    Regulators
    • Curaçao (#8048/JAZ2017-067)
    • Kahnawake Gaming Commission (#00867)
    Min Deposit
    $1
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Cryptocurrencies - 15 minutes
    • E-wallets - up to 24 hours
    • Credit & debit cards - up to 7 business days
    • Coverage of over 1,000 sporting events each day
    • Over 100 payment methods
    • Minimum deposits of $1 only
    • A broad range of limited-time and recurring sportsbook promos
    • Native iOS and Android apps
    • Dedicated customer support in several languages

    Betting enthusiasts who like to have variety both in terms of the disciplines to bet on and the payment methods through which to carry out their transactions, should definitely give 22bet a try. The sports in this bookmaker’s portfolio comprise the usual favorites soccer, tennis, basketball, and ice hockey as well as less popular options like boat race, chess, and water polo. As for the payment methods supported by 22bet, there is hardly anything else to wish for. Punters can choose between credit/debit cards, e-wallets, cryptocurrencies, and prepaid cards. The exact solutions you can operate with become visible once you log in to your account and enter the cashier section.

  3. SportsInteraction

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    Regulators
    • Kahnawake Gaming Commission
    • Jersey Gambling Commission
    Min Deposit
    $10
    Max Withdrawal
    Not specified
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Prepaid cards, Visa, Mastercard - up to 3 business days
    • Interac and ecoPayz - 2 business days
    • Online banking - 2 business days
    • Checks - up to 14 business days
    • Extensive sports coverage
    • Around-the-clock customer support
    • A number of limited-time and recurring bonus deals
    • A reliable and well-established operator
    • Users of iOS and Android-based devices can benefit from the mobile-optimized variant of the sportsbook
    • A wide range of convenient payment options

    SportsInteraction is probably the most famous gambling brand which is exclusively available to punters located in Canada. Horse racing, American football, and baseball are just a tiny part of the sports you can bet on with the others comprising soccer, golf, tennis, snooker, etc. What is characteristic of Sports Interaction is that the bookie accepts several local payment solutions in addition to the universally accepted Visa, Mastercard, and paysafecard. The latter can be used for both deposits and withdrawals. It takes 2 business days for the bookmaker to process withdrawal requests and up to 24 hours for you to reach your funds.

  4. 20bet

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    Regulators
    • Curaçao (#8048/JAZ2017-067)
    • Kahnawake Gaming Commission (#00867)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • E-wallets - 12 hours
    • Cryptos - 24 hours
    • Credit/debit cards - 7 business days
    • Great coverage of top sporting events
    • Generous welcome offer
    • Supports different secure and easy-to-use payment methods
    • All punters automatically join the VIP program of 20Bet
    • Android and iOS users can bet on the fully-optimized mobile version of 20Bet
    • 24/7 live chat customer support

    20bet is a relatively new player in the online sports betting scene, however, with lots of registered users around the globe. The bookie holds Curaçao and Kahnawake licenses and offers a rich sports selection accompanied by quite a few bet types and several tempting bonuses and promotions including a specific VIP program. The choice regarding the methods of funding the account balances is wide comprising bank cards, cryptos, digital wallets, and prepaid vouchers. The precise availability depends on the region, so we advise you to check the options in advance and then decide whether to make a registration or not.

  5. bet365

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    Regulators
    • UKGC (#055148-R-331498-001)
    • MGA (#MGA/CRP/531/2018)
    • Government of Gibraltar (#076)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bank cards - up to 5 business days
    • Wire transfers - up to 10 business days
    • E-wallets - up to 24 hours
    • Broad experience on the online gambling scene
    • Several bonuses and promotions
    • Responsive customer support
    • Several gambling products
    • Advantageous odds
    • Great market coverage

    No other online bookmaker fits the definition of a global gambling brand better than bet365. Regulated by the UKGC and MGA as well as by multiple local authorities, the bookie strives to respond to the requirements of as many avid punters as possible. This applies to the payment methods too as the respective list includes nearly everything except for cryptos. There are some country-specific conditions, such as the ones for paysafecard. These prepaid cards are a preferred transaction solution due to the multiple benefits they come with but keep in mind that if your default currency is USD, you can use paysafecard only for deposits.

  6. Mr Green

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    Regulators
    • UKGC (#039264-R-319432-018)
    • Ireland’s Revenue Commissioner (#1011600)
    • MGA (#MGA/CRP/121/2006)
    • Danish Gambling Authority (#18-0457046)
    • Swedish Gambling Inspectorate (#18Li7512)
    Min Deposit
    $10
    Max Withdrawal
    No restrictions
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bank transfers and Trustly - up to 5 business days
    • E-wallets and prepaid cards - up to 2 hours
    • Very good live betting section
    • Best odds on UK and Irish racing
    • Accepts secure and easy-to-use payment methods
    • Offers a dedicated mobile app
    • Provides several contact options
    • Award-winning trustworthy brand

    Mr Green is a well-regulated online bookmaker that stands out from the crowd due to its distinctive layout, diverse sports library, and abundant selection of betting markets. Particularly extensive is the soccer coverage with excellent opportunities also in tennis, ice hockey, and basketball. The minimum amount punters can top up their accounts with is $10 and there is no upper limit on withdrawals. E-wallets and prepaid cards are the recommended payment solution as they allow you to access your winning in no more than a couple of hours. The respective information is readily available in the detailed Help page of the betting platform.

  7. 888sport

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    Regulators
    • UKGC (#039028-R-319297-012)
    • MGA (#MGA/CRP/543/2018)
    • Government of Gibraltar (#112 and #113)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • E-wallets and Rapid Transfer - 2-3 days
    • Visa and ApplePay - up to 6 days
    • Wire transfer - 5-8 days
    • Well-established betting brand
    • Wide range of sports
    • Dozens of payment solutions supported
    • Good mobile support
    • Dedicated mobile app
    • A handful of sports promotions

    Known by lots of betting enthusiasts in different parts of the world, 888sport is among the most respected gambling brands nowadays. Its operations are regulated by the UK Gambling Commission, the Malta Gaming Authority, and some other regulatory bodies which serve to show that the betting environment 888sport offers is safe and fair. The main betting platform is available in the English, German, Portuguese, French, Spanish, Finnish, and Russian languages and the multiple payment methods include credit and debit cards, bank transfers, e-wallets, prepaid cards, and online banking services, a significant part of which are Scandinavian institutions. Bets can be placed on about 30 disciplines comprising American football, soccer, tennis, esports, horse racing, and many others.

  8. redbet

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    Regulators
    • MGA (#MGA/CRP/121/2006)
    • Ireland’s Revenue Commissioners (#1014479)
    • Swedish Gambling Authority
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • E-wallets - 10 minutes
    • Bank transfers and credit/debit cards - up to 5 business days
    • More than a decade of experience
    • Excellent selection of betting markets
    • Data encrypted by SSL software
    • Very good in-play section
    • 24/7 customer support
    • Supports a variety of payment methods

    If you are an avid soccer fan who enjoys online betting on his favorite sport, redbet is definitely a bookie you should not miss. It not only covers the major international tournaments in the field together with an abundance of domestic leagues but also offers an impressive diversity of bet types. Of course, soccer is far not the only option as the bookie’s portfolio comprises nearly 30 disciplines. Variety is also observed with regard to payment methods – punters can choose between prepaid cards, bank transfers, e-wallets, and debit cards. More than half of the supported solutions are not available for withdrawals, so it is a good idea to check the financial T&Cs before initiating a transaction.

  9. Vbet

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    Regulators
    • UKGC (#044662-R-324273-019)
    • MGA
    • Curaçao
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Up to 72 hours
    • Well-regulated gambling platform
    • Features multiple pre-match and in-play events
    • Competitive horse racing odds
    • Tempting promotional offers
    • Supports various transaction methods
    • Detailed statistical information on most events

    Although established back in 2003, it was not until the last few years that we saw real improvement in the betting services provided by Vbet. Today, the online bookie is licensed by the UKGC and a few other authorities and provides its clients with the opportunity to wager on more than 30 sports including but not limited to soccer, tennis, American football, and basketball. The fans of eSports can place their bets on Dota 2, League of Legends, Rainbow Six, and StarCraft 2. Paysafecard, Visa, Mastercard, Skrill, Neteller, and PayPal are some of the payment service providers Vbet works with but not all of them allow for executing withdrawals. Those who do, enable accessing your winning in up to 72 hours.

  10. Betway

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    Regulators
    • UKGC (#000-039372-R-319367)
    • MGA (#MGA/B2C/130/2006)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • E-wallets - up to 24 hours
    • Debit cards and bank transfers - 2 business days
    • Over 10 years of experience
    • High betting limits
    • Prompt and professional support service
    • Great odds for more than 30 sports
    • Available in 11 languages
    • Live streaming of major sporting events

    Betway is a reliable online bookmaker that offers a gambling platform equally suitable for novice and experienced betting enthusiasts. The Betting Rules section is one of the most comprehensive we have seen with detailed explanations of all provided bet types as well as instructions on how to calculate odds and the eventual profit. Betway pleases its loyal patrons with the highly sought-after feature Cash-Out which comes in both full and partial form. The selection of payment methods supported by Betway is not that diverse, it comprises debit/credit cards, e-wallets, online banking solutions, and prepaid cards with availability depending on the respective country of residence.

  11. Rabona

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    Regulators
    Curaçao (#8048/JAZ)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Up to 3 business days
    • Various sports-related bonuses and promotions
    • Covers 30+ sports
    • Separate Horse Racing and Virtual Sports sections
    • Both universal and local payment methods
    • An abundant selection of bet types
    • Curaçao licensing

    Established in 2019, Rabona is considered a new entrant in the online gambling landscape, however, attracting the attention of an increasing number of betting enthusiasts. This is due to the bookmaker’s desire to provide the maximum degree of convenience possible, especially when it comes to the methods punters can use for funding their accounts. We could hardly list all the options available as their number is really big with some of the solutions being exclusively available in certain countries. As regards the sports you can bet on, the variety is more than enough – soccer, tennis, ice hockey, American football, eSports, boxing, and many others.

  12. Betsafe

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    Regulators
    • MGA (MGA/CRP/108/2004)
    • Ireland’s Revenue Commissioners (#1011286)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bank cards - up to 5 business days
    • E-wallets - up to 24 hours
    • Trusted and legitimate website
    • Wide range of payment services and currencies
    • Great customer support 24/7
    • Dozens of betting markets
    • Licensed by the MGA and Ireland’s Revenue Commissioners
    • Great betting section

    Betsafe is the preferred choice of those punters who insist on enjoying their pastime via a reputable betting operator which gives them access to thousands of events in lots of popular and niche sports. And indeed, whether it is darts, cricket, motorsports, rugby, soccer, or most disciplines you could think of, you will find it on the gambling platform. Betting balances can be funded via credit and/or debit cards, online banking services, prepaid cards, and conventional bank transfers. The fastest method in terms of withdrawals is e-wallets as they give you access to your money in no more than 24 hours. Currently, the bookmaker holds licenses issued by the Malta Gaming Authority and Ireland’s Revenue Commissioners.

  13. N1 Bet

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    Regulators
    Curaçao (#8048/JAZ2020-013)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bank transfer - 3 to 10 days
    • Cryptos and e-wallets - instant
    • Simple and fast account registration
    • Lots of payment methods accepted
    • Multiple events to bet on
    • Extensive soccer coverage
    • Generous bonuses and promotional offers
    • Website available in several languages

    N1 Bet is a relatively young online bookmaker which is rapidly catching up with its more experienced competitors. The future ahead of the bookie is a promising one since it has taken up a very appropriate approach – ensuring maximum customer comfort through a huge selection of payment methods, several language versions of the betting platform, and the option to choose between 6 odds formats. The online sportsbook is tailored to the tastes and preferences of all punters as it puts on the forefront different events and promotions depending on the country you are accessing the website from. On-the-go betting is enabled via an easy-to-use PWA app which occupies just a tiny space from your device’s memory.

  14. Betsson

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    Regulators
    • MGA (#MGA/CRP/108/2004)
    • Ireland’s Revenue Commissioners (#1011286)
    • Swedish Gambling Authority (#C-87620)
    Min Deposit
    $10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Bank cards - up to 5 business days
    • E-wallets - up to 24 hours
    • Numerous betting markets
    • In-play betting
    • Various hassle-free and safe payment methods
    • Properly regulated virtual sportsbook
    • Great customer support
    • Live streaming of big events

    Betsson is a respected online gambling operator which accepts multiple avid bettors from different parts of the globe. It has been granted licenses by several reputable regulatory bodies including the Malta Gaming Authority which is proof of the bookie’s reliability and fairness. Punters can perform both pre-match and live betting on an abundance of events in soccer, tennis, basketball, volleyball, and a whole bunch of other disciplines. You can spice up your betting experience through the Bet Builder and Price Boost features as well as some tempting bonuses.

  15. LVbet

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    Regulators
    • MGA (#MGA/B2C/282/2015)
    • UKGC (#046794-R-325728-007)
    Min Deposit
    €10
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    • Debit cards - up to 3 business days
    • E-wallets - up to 24 hours
    • Bank transfers - 3-5 business days
    • Licensed by the MGA, UKGC, and other authorities
    • Quick account registration procedure
    • Thousands of live events each month
    • Dedicated Android and iOS applications
    • Extensive FAQ section
    • Broad gambling products offering

    Established in 2017 and having launched its services two years later, LVbet is now a leading online gambling brand whose operations have international coverage. The bookie is licensed by the MGA and UKGC as well as by the local authorities in Latvia and Poland. The bookmaker’s sports portfolio comprises over 30 disciplines including soccer, tennis, ice hockey, American football, esports, boxing, etc. Customer support is available in the English, Russian, and Latvian languages between 8:00h and 23:00h on working days. A welcome bonus, a cashback offer, and some short-term promotions are at the disposal of LVbet’s registered users.

How Prepaid Cards Function

Before we go any deeper, it is worth quickly going over the key difference between prepaid cards and credit or debit cards. It is obvious that a prepaid card is not tied to your bank account, however, that is not all there is to it. As you may know, the process of getting a credit card is actually not simple at all and your request might actually get rejected. Debit cards require a checking account and a visit to the bank, so that is also not quite as simple as going to a store and buying one.

Depending on the type of prepaid card you have in your possession or wish to use, this process varies. For the most common type of prepaid cards, you usually need to find a location, like a gas station, grocery store, or in some cases a more specific place, that sells them. You can choose between prepaid cards with different amounts of funds in them, though, they mostly come in small denominations. You can purchase them with cash or by any other means. When you purchase a prepaid card, it is in no way linked to the means with which you have paid for it. This means that if you have used your debit card, for instance, the prepaid card still will not in any way be linked to it or your bank account.

If you wish to purchase a virtual prepaid card though, you simply need to go to the website of the payment solution, register, and pay for it online. In some cases, you will be required to authenticate your personal details, which means prove your identity with additional documents. Then, you will receive the codes of the card and you will be able to start using it immediately. However, in order to purchase a virtual prepaid card, you will need to use one form of online banking or another, or pay with your credit or debit card. This means that you will still have to provide your banking details to a third party.

After you have purchased a prepaid card and in some cases, after it has been activated, you can use it to deposit in your favorite sportsbook. Some allow for the simultaneous use of multiple prepaid cards in order for a player to create a more substantial bankroll. However, most often, you will have to deposit every prepaid card for itself.

Types of Prepaid Cards

types of prepaid cardsMany players may think that there is only one type of prepaid card, however, there are actually plenty of options. Prepaid cards come in all shapes and sizes and offer different conditions for their users – some have fees, others do not, some can be reloaded, others not. Here, we will go over the main types and what exactly it means to hold a card of that sort.

Prepaid Gift Cards

This type of prepaid card comes in a physical form, almost indistinguishable from a debit or credit card. Most often, you will find prepaid gift cards that have set values, limits, and expiration dates. There are a ton of companies worldwide that offer this banking option, including Mastercard and Visa through authorized stores and online retailers. Additionally, there are companies that collaborate with these two giants in the industry, which gives players more options with the same level of security.

The tricky thing to remember when purchasing a gift card is that some of them can be used only in certain stores, or for certain types of goods or services. This means that if you buy a prepaid gift card from a bookstore, it will most likely only be usable there. Of course, there are types of prepaid gift cards that can be purchased anywhere and used everywhere, the important thing is to note the difference. If your prepaid gift card is powered by Mastercard or Visa, then you will most likely be able to use it wherever debit and credit cards by the same companies are accepted.

Usually, these cards cannot be reloaded and expire after a set period of time. They can also expire after you use up their entire balance and usually, after 6 or 12 months fees start applying, if you have not done that. It is important to note, however, that you cannot incur debt this way – once again, when the balance reaches 0, the card is closed.

Additionally, another distinction must be made between prepaid gift cards and regular gift cards. In some cases these terms are interchangeable, however, when used in this exact context there is a definitive difference. What is usually meant by a gift card is a card with some sort of discount on it for a given brand or retailer. So, when you are looking for a prepaid card, make sure that the one you are purchasing can be used to deposit funds into a sportsbook account.

Reloadable Prepaid Cards

This is the type of prepaid card you would probably want to get if you are a regular punter and wish to use this deposit method consistently. Naturally, the reason for this is that you do not have to get a new card every single time you wish to deposit some funds into your sportsbook account.

There are different ways to reload a prepaid card and they can vary greatly depending on the issuer of the card. Sometimes, you will have to go to the store that you bought your card from and pay in cash, or you may be able to pay with your credit or debit card, or with a check, or any other means. In other cases, you may be able to transfer funds directly from a card or bank account into your prepaid card.

However, usually, prepaid cards come for free for a limited time and after a few months, you will need to start paying monthly fees. They are not high but it is important that you are fully aware of them. Not every reloadable prepaid card comes with monthly fees but, none of them come completely for free either. You may need to pay a fee for different types of transactions or conversion of currencies, and the likes.

Virtual Prepaid Cards

Virtual prepaid cards are offered by plenty of authorized vendors and are still mainly Mastercard or Visa cards. They are not physical cards, however, which might be somewhat confusing to some players. That actually guarantees a higher level of security as they cannot be stolen or lost.

They were created specifically for online payments so using them to make a deposit at an online sportsbook is perfectly fitting. However, it is not quite as convenient to acquire a virtual prepaid card as it is to obtain a physical one. You will need to create an account online with one of the online banking companies that offer this option. In some cases, you will need to provide a fair amount of personal information and authenticate it. To put it plainly – it will take a while.

Despite that, virtual prepaid cards are still a really good option for online sports bettors because of their incredible level of security and perks. In most cases, virtual prepaid cards come with lower fees and higher single transaction limits.

Voucher Prepaid Card

As we already said, prepaid cards come in many shapes and sizes, one of which happens to be a voucher. It might sound a bit odd, but their function is the same, they just come on a slip of paper instead of plastic. You get a receipt that contains all the information you need to make a payment.

This form of prepaid cards is perhaps the most anonymous out of all – it is not linked to any personal information whatsoever. It is not an uncommon payment method to sportsbooks either, on the contrary – such prepaid cards are widely accepted.

Additionally, some companies offer the possibility of transferring the funds you have left on your old prepaid card to your next one, thus allowing you to be in full control of your finances. This way you do not end up losing any money.

Depositing to your Sportsbook Balance

Depositing with a prepaid card is quite simple when you have purchased one that is powered by Visa or Mastercard. All you need to do is find the correct deposit option, click on it, and punch in the numbers. Regardless of whether the card is plastic or virtual the procedure is just as simple as depositing with a credit or debit card but far more secure.

However, when it comes to the voucher type of prepaid card, there is a difference. On the receipt, you receive once you have purchased the prepaid card, will be located a code that will be around 10 digits in most cases. You need to enter the code in order to pay with the funds on that type of prepaid card which means that Mastercard and Visa have nothing to do with it. So, you will need to find the exact company that issued your card in the list of deposit options.

Once you have done that, you will be taken to a secure page and will be able to enter the code. After that, the payment is completed instantaneously and you can start playing right away.

Withdrawing from your Sportsbook Balance

Some prepaid cards can be used to make withdrawals from an online sportsbook. The way to tell whether yours can do that is quite simple – the prepaid card you have purchased must also be linked to some form of online banking, otherwise, there is simply no account for the withdrawal funds to go into.

Virtual prepaid cards all come with an online banking account of one sort or another, so in most cases, you will be able to use them for withdrawals. Some physical prepaid cards are linked with online banking solutions as well and so you will be able to withdraw with them too. However, with virtual prepaid cards, you cannot physically withdraw money from an ATM, while some plastic prepaid cards allow that.

In case your prepaid card service does not allow for physical withdrawals, then you will be able to transfer the funds to your bank account, which, unfortunately, can take a while. Your best bet is to simply use another service to make withdrawals if you insist on getting your winnings as soon as possible.

Cost and Fees

Some prepaid cards have an activation fee, others do not. Usually, an activation fee does not exceed $3 or its equivalent in any other currency. There may also be an activation period but that is mostly not the case. Usually, your card is activated upon purchase and is immediately ready to use.

As we already mentioned, there are monthly fees involved when it comes to the prepaid cards of certain companies. If there aren’t any right away, there will be some after a set period of time has passed and there are still funds on the card. Additionally, there might be fees for different types of transactions and there will definitely be a fee for currency conversions every time this service is required. If your prepaid card is reloadable, there will most likely be a fee you will need to pay every time you top-up.

Of course, all the applicable fees must be available to you at all times. If you are uncertain about whether something is subject to fees, or you simply cannot find where the applicable fees are listed, we recommend you contact the customer support team of your prepaid card provider.

Security and Privacy

We already mentioned this several times but it is definitely worth repeating again – this is the most secure payment method online. Prepaid cards do not disclose any personal information at all and in case someone gains access to your prepaid card, they will only be able to use the funds that are currently on the card as it is not linked to your bank account. This means that, if you play it smart and get a prepaid card with the exact amount you wish to deposit, even if some hacker gets access to it he’ll be left empty handed.

On top of that, when you are using voucher prepaid cards, in order to enter their code you will be taken to an extremely secure page which meets the security standards of banking institutions worldwide. Of course, all reputable online sportsbook nowadays are also highly secure, with SSL encryption guarding your data 24/7 and even more safety measures.

When it comes to plastic or virtual prepaid cards, since they are mostly powered either by Mastercard, Visa, or American Express, you will be taken to another secure page so you can enter the card’s details and most likely additional security codes. This includes the safety of Mastercard SecureCode, Verified by Visa, and so on. This additional layer of security is actually called 3-D secure and is an XML-based protocol.

Advantages of Prepaid Cards

The greatest advantage of using prepaid cards is the anonymity they grant. The fact that they cannot be traced back to you or your bank account is great news when it comes to both privacy and security. Regardless of whether you have a prepaid card by Visa, Mastercard, American Express, or a voucher-type one, this is an extremely secure payment method.

Of course, something that we cannot overlook is the fact that this type of banking does not allow players to overspend. There is only a certain amount of fund on the card and you cannot spend more than that. This is great for people who may have a spending problem or those battling gambling addictions.

Another positive of this payment solution is that there is no lengthy registration process required, that is of course if you are getting the physical type of prepaid card. It is so simple to get one and they are so easy to use. On top of that, deposits with this method are instant.

Disadvantages of Prepaid Cards

The biggest disadvantage of prepaid cards is that most of the time, you will need to choose a different withdrawal method. In the cases where online banking methods allow for cashouts, the wait might be considered a disadvantage as well.

Another downside of prepaid cards is that you need to find a place that sells the exact one you need and go there. Of course, you could get a virtual one but then you would need to make a registration and provide personal information. So, you will either need to go to a real-world location or disclose your personal information with a third party.

Something else that could prove problematic to high-rollers is the fact that some forms of prepaid cards only come in small denominations. This means that they will have to make multiple deposits. However, in such cases, sportsbooks usually allow for multiple simultaneous deposits with the same method.

Conclusion

Prepaid cards are incredibly convenient and secure. The lack of disclosure of personal information is highly valued by sports bettors worldwide. The simplicity of obtaining a prepaid card is also quite alluring to players and with good reason. The process of obtaining a credit card or registering for an e-wallet are both far more complex, long, and definitely not quite so anonymous.

Prepaid cards allow players to retain their privacy, while still offering speed and efficiency. With their help, it is easy to stay in control of your finances and focus on playing instead of worrying about how much you are spending. Once again, this is perhaps the ideal payment method for sports bettors.

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