I have used my debit card for online betting hundreds of times and there’s no doubt it’s often the easiest and most continent way to fund or withdraw from your account.
There’s not an online betting site in existence that won’t accept your debit card. Here’s a list of what I consider to be the best:
Debit Card Friendly Bookmakers
The following sites all accept Visa Debit, Maestro, Solo, MasterCard Debit and Visa Electron debit cards:
Should You Be Using Your Debit Card?
I’ve actually stopped using my debit card for online betting transactions but that doesn’t mean I’d advise anyone to not use them. I just feel there are better options out there.
Let me explain. I’ll start with the positives.
Why You Should
Convenience is the main reason that I used my debit card to fund my online betting accounts for 8 years (it’s only very recently I’ve switched but more on that later). It’s dead simple and you can opt to have your card details kept on file so you can deposit instantly into your account.
Speaking of speed… deposits are processed straight away so you never have to wait for the funds to reach your account. Good if your on the move using your phone to bet but need to top your balance up (you will still need to end your 3 digit security code).
Being in the UK I also found that withdrawals were being processed within 24 hours although many betting sites which accept debit cards claim it can take up to 3 days. As long as I planned when I wanted my winnings getting them was easy enough to schedule on time.
There are also no fees whatsoever associated with using your debit card at any online bookies.
Why You Shouldn’t
It’s the mounting reasons why you shouldn’t use your debit card which prompted me to switch to PayPal as my favored deposit option. There’s more on why I picked PayPal here but for the sake of this article I’ll move onto why you might want to reconsider using your debit card for online gambling.
Security is my main concern when using a debit card online and the simple fact is that if at any point your card details do get compromised it’s a long process to recover any stolen funds. It’s not like a credit card where you can just refuse to pay any fraudulent credit, on a debit card the money goes straight out of your account.
Plus it’s also important to note that if the worst does happen and someone steals your financials they can potentially spend all the money in your current account straight away. If you don’t have savings or some kind of reserve fund and it takes a while to get your money refunded it can cause all kinds of problems.
Personally I don’t feel that comfortable with my card details being held on file and the majority of betting sites will do this automatically unless you request they don’t. Any security breach on their end and you card details are potentially compromised.
If you use an e-wallet you can control your account balance much easier, limiting your potential risk, and their recovery systems are much quicker.
You Should Also Read…
Check out this list of bookies which accept PayPal. You’ll get better protection than if you use your debit card and it’s also free so you won’t pay any fees (most debit card betting sites also take PayPal).
There are some small fees for using Neteller but you’ll get much better fraud prevention and security from them than you will if you use your debit card.