Sportsbook payments

Online sports betting is fun and can be profitable. Dealing with the confusion to your bank statement, the calls from the security department, and the questions from your wife…isn’t. When betting online first came to prominence, the main method of funding accounts was via credit or debit cards or bank wiring. However, in recent years, the e-wallet has been devised, with several different companies offering a similar service which enables punters to keep their affairs much more organised and neater.

E-wallets are exactly as they sound – a place online to store your money. They can be used for a whole host of different purposes, from online shopping to paying bills to funding online betting accounts! One of the best and most frequently used companies are Skrill/Moneybookers, who are linked up with all the major betting firms. But why use these e-wallets such as Skrill/Moneybookers? There are a number of different advantages from utilising an e-wallet for your betting activites:

Keep betting activities separate from bank account

Apart from preventing the cluttering your bank statement and causing grief from the other half, e-wallets can be great for keeping a track of your betting activity. Skrill/Moneybookers keep betting activities separate from other income and expenditure, allowing you to budget and monitor your activity. Depositing a set amount of money from your bank to an e-wallet and then having a set day to withdraw winnings can promote healthy betting and improves discipline.

Instant withdrawals

When betting by using a debit or credit card, the frustrating aspect can be when you try to withdraw funds. The period from clicking the withdraw money, to the funds hitting your bank accounts, can sometimes be up to 5 days (even longer over weekends). With Skrill/Moneybookers, the funds are deposited and withdrawn immediately, so you have access to move your money or do with it as you please without having to experience long waiting times.

Safety

Using e-wallets such as Skrill/Moneybookers, customers are protected against fraud and do not have to divulge their financial information to the bookmaker, if they are in any way unsure about their legitimacy. With guarantees over the funds from the e-wallets, they really are a fantastic option.

Keep The Betting Operator Happy

Betting websites prefer e-wallets too. Using this method of depositing and withdrawal reduces the transaction costs that are absorbed by most of the major companies. The smaller ones still tend to charge a fee for depositing via a debit or credit card and actively encourage the use of Skrill/Moneybookers and the like. Reduced costs to operators means less costs passed on to consumers.

Exclusive offers for those using Skrill/Moneybookers

To promote the use of e-wallets, bookmakers and betting exchanges regularly offer special bonuses and concessions to those who use this method of funding for their account. This lets the customers take advantage of deals not available to others.

WBX are one of the many firms who offer Skrill/Moneybookers as a payment option. With WBX you can safely and quickly fund your account and then access your money instantly once you have decided to withdraw it. These e-wallets will help you keep a handle on your betting activities best and can improve organisation and spending dramatically. WBX provide a whole host of different sports betting markets where you can have a flutter, and with low commission rates and ever improving liquidity, they are a fantastic alternative to the other major exchanges.