Best Payment Methods at Betting Sites

In this guide, we’ll examine the payment methods at betting sites that offer the most benefits, the online gaming platforms with the widest range of payment gateways, and the estimated processing times for transactions. To ensure your funds are always protected when gambling online, it's essential to choose platforms that offer secure payment methods in betting.

Summary of Common Payment Gateways in Spain’s Betting Platforms:

*Times can vary based on the betting site; these are estimates.

Payment Methods Available on Betting Sites

Reviews on Deposit Methods by Platform
bet365: This bookmaker has a few payment channels that are just like other bookmakers in Spain, i.e., cards, Spei, bank transfers, and even PayPal. To view the full list, visit bet365's official Spanish website.

Minimum deposits are usually €5–€10, though they can vary according to the payment channel. The good news is that bet365 does not take deposit fees.

1xbet: It is one of the platforms that has the largest possible number of safe payment options to bet, for example, cards, e-wallets, prepaid cards, cryptocurrencies, and bank transfers. It has space for many different currencies like euros, dollars, Turkish lira, rupees, and crypto currencies like Bitcoin and Ethereum. The minimal deposit amounts are tiny, for about €1.

Codere: Both cash and online payments are possible at dedicated counters. Minimum deposit: €5. Most payments are immediate, while some take a maximum of 72 hours. Withdrawals are only possible via a bank transfer.

Coolbet: The maximum and minimum deposit values vary depending on the method between around €5 and €5,000. Most of the payments are immediate, while, in exceptional circumstances, up to 24 hours may be required. No commission fees apply.

Betano: No commission charges and transactions are nearly instantaneous. Deposit limits range from €1 to €13,000; withdrawal limits from €2 to €9,000.

Strendus: Offers a wide range of deposit and withdrawal methods, including withdrawals in cash at gaming halls or via Spei transfer. Card deposits range from €5 to €500, and Spei handles up to €12,000 per transaction.

Top 5 Most Popular Payment Methods

The most widely accepted methods among the platforms are:

• Credit/Debit Cards: Maestro, MasterCard, and Visa are accepted anywhere. Be careful with the limits of transactions.
• Bank Transfers: Used everywhere for deposits and withdrawal operations.
• Spei: Spain's electronic interbank payment system for safe online money transfer.
• E-wallets: AstroPay, Neteller, and Mercado Pago covered.
• Oxxo: Facilitates face-to-face cash payments via a printed payment voucher (restricted use in Spain, situationally replaced with equivalent alternatives).
• Todito Cash: An app wallet, also card accessible, is a convenient way of paying.

Selecting the Optimal Payment Option

Key points to consider when selecting your option:

• Bonuses: Some options initiate welcome bonuses—check T&Cs.
• Security: Only use well-known gateways and ensure the site uses encrypted data technology.
• Limits: Check minimum and maximum deposit/withdrawal amounts.
• Charges: Most betting sites have no charges, but payment gateways might.
• Processing Times: Instant for web choices; 3 days for cash.
• Currencies: Euro or other currency, apart from the local ones, is allowed by some sites. 

FAQs

How do I fund?
 

• Get logged into your betting account.
• Press "Deposit" and choose an option.
• Put in the amount.
• Fill in the form.
• Wait for acceptance.

How do I take funds out?
 

• Get access to your account and press "Withdraw".
• Choose your option.
• Input the amount.
• Provide needed banking or payout information.
• Approve and wait for processing.

How do I pay for a sports bet?

Payment options vary—some take cash; most take online payments like cards, bank transfers, and crypto.

Is it safe to deposit/withdraw at betting sites?

Yes, as long as the site is licensed and reputable.

What's the minimum deposit?

Usually around €5, depending on the site and method.

How long does it take for a deposit to appear?

Online methods: immediately. Cash payments: up to 72 hours.

How long does it take to withdraw?
Depends on the site and whether it's your first withdrawal. Verification can delay the first withdrawals.

How to Withdraw from Betting Sites

Similar to deposits, withdrawals will also differ slightly depending on the online betting site. The overall steps are usually as follows:

• Login to your betting account and click the "withdraw" button.
• Select how you wish to withdraw your money — whether it is in person at a real office or online, whichever is provided to you by the betting website.
• Enter the amount you are withdrawing.
• Your website will likely ask for payment details or banking details depending on the option you have selected. Take care to enter this correctly so that you do not face any delay.
• Make the request and wait for processing of the funds according to the quoted timeframes of the site.

How Do I Pay for a Sport Bet?

Payment methods at sports betting sites vary, but most accept both online and offline methods. Credit/debit cards, bank transfers, local shop payment vouchers, e-wallets, and even cryptocurrencies are the most popular payment methods used by Spanish players.

For an exhaustive list of gambling payment methods, it is recommended to check on the official website of the concerned operator.

Is It Safe to Deposit and Withdraw Money from Betting Sites?

Yes, deposit and withdrawal of money from authorized betting websites in Spain is safe. However, it is important to ensure the legality of the site and check if it is authorized by the Spanish Directorate General for the Regulation of Gambling (DGOJ).

What Is the Minimum Deposit Amount?

The minimum deposit typically varies with the method of payment and the site you use. As a rule, it ranges from €5 to €10 on most sites trading in Spain.

How Long Does It Take for a Deposit to Become Available?

Web payment system deposits (e-wallets, cards, cryptocurrencies) typically clear within seconds. Those payment types with cash involved (in-shop buy or voucher use), there can be up to 72 hours delays.

How Long Does a Withdrawal Take?

Withdrawal time varies depending on the platform and payment option selected. First withdrawals take longer with verification processes involved, but they are usually done faster in subsequent cases — anything from a few hours to a few working days.