3 Best Payment Methods for Betting on Your Phone

Categories: News | Published by: Dean

29/09/2020

There’s so much that you can do with your mobile phones now. Long gone are the days when they were just used to make and receive phone calls. Their many uses now include joining online betting sites and following the action on your travels. You can also carry out financial transactions on your mobile devices which makes them perfect for the UK punter.

Now let’s look at the three best payment methods out there.

Boku

When you are gambling on your mobile phones, cash flow is going to be a concern. Being able to have the required funds for that next bet is always desirable. Thankfully, the apps that allow you to bet on your mobiles also enable financial transactions to take place. The quicker these can put money into your account, the better and Boku is a payment method that allows this to take place.

An increasing number of companies are accepting Boku as a payment method. Boku allows users to charge a payment for goods or services straight to their mobile phone bill, so you don’t have to give out your bank details to a third party. This is why Boku slots and casino games, as well as betting sites, are increasingly popular.

While this is an excellent way to deposit funds to a betting account, bear in mind that you cannot withdraw winnings in the same way and will need to register an alternative payment method for withdrawals.

PayPal

The limiting of personal information that is involved in transactions is a key component of the battle against online fraud. That is why PayPal is becoming increasingly popular online with sportsbooks and casinos.

When you make a transaction using a debit or credit card, you have to supply information that could cause problems if there is a breach of security. That’s not the case when you are using PayPal as the only information required is the email address used for your account. That’s going to disappoint any online fraudsters trying to steal money from you.

Another essential factor that you need to consider when making financial transactions is the speed at which they take place. Paying funds into your account as quickly as possible will be vital if you’ve got an important bet to place. This can be achieved using PayPal and the others on our three best payment methods list.

It’s when you wish to make withdrawals that the speed of financial transactions becomes so important. If using debit or credit cards, it can take several days before the funds make their way back to your account. With the payment methods on our list, the transactions are completed swiftly, which is always helpful.

Skrill

This is another payment method that allows swift and secure payments to be made. When using Skrill, you can move your money wherever you wish and when you want to. The company emphasises that they put security first and that is always good to know when choosing which payment method to use.

Initially called Moneybookers when launched in 2001, it was rebranded as Skrill a decade later. By that time, it was used by over 25 million customers and has added over 10 million more since then.

This popular e-wallet began life intending to help customers make online gaming and gambling industry payments. It ticks all the boxes in terms of financial security and the speed at which transactions can be made. Instant deposits can be made, and the process of using Skrill is one that isn’t complicated at all. Supply Skrill with your bank details, and then you can move funds with ease.

Again, the amount of information given to the online gambling site is minimal compared to other payment methods. You can use Skrill to make deposits at several sites and won’t have to enter your financial information at each of them, saving you time, after all that big race is off in a few minutes.