Deposits and withdrawals

Methods for depositing and withdrawing money from Efirbt
In this article will look at the options for depositing money into our account at the bookmakers. Once you have registered with a bookmaker, find the ‘Deposit’ button. Usually it is located near your user name and the amount you have in your account. The bookmakers offer different ways of depositing and withdrawing funds. We will discuss the most popular of them and get to know their features.

Methods for withdrawal and deposit in the various bookmakers (*текст за снимка)

What payment methods are discussed:

Debit and Credit Cards

credit and debit cards

Perhaps this is the most widely used method for depositing and withdrawing money in Europe. Of course, you first need to have such a card in a bank, and then to use it. Usually, for registration of a debit/credit card the bookmaker requires the following information:

– Card number
– The name of the card holder
– The date on which the card was issued
– The expiration date
– Issue number

Once you have registered this type of a card and you want to make a deposit, you will need to enter the security number of the card, which represents the last 3 digits on the back of the card in the signature field.

The standard minimum deposit that can be made via this method is 5 Euro and it may vary with the different bookmakers. The maximum limit may vary depending on the bank that has issued the card. The processing of the deposit is immediate; and some bookmakers can impose a fee, a percentage of the deposit amount. When you want to make withdrawals, usually the minimum amount is 15 Euro, but it can also vary. The maximum amount that can be withdrawn usually has a threshold of 50 000 Euro per day. The main disadvantage of this method is that when you withdraw a certain amount, it is processed and arrives in your bank account within a period of 2-5 working days. Usually there are no fees for this operation.

Skrill (Moneybookers)

Skrill - moneybookers

This is one of the most popular methods for online payments worldwide. In 2001, the company was founded under the name of Moneybookers, but later it was rebranded to Skill Group.

To make a deposit into your account with a bookmaker, you must first make an account in the system of Skrill. The only thing you need in order to make such an account is a valid e-mail address with which to confirm your account.

There are different types of accounts, but the one you need is – Client account. It is recommended by Skrill for online sports betting and transactions. (If you are interested in sports betting strategies, read our article.) With this registration you ensure a Digital Portfolio in the system of Skrill.

Once you get your e-wallet, you need to register a debit/credit card account. Before you can withdraw and deposit money via Skrill, you first have to verify your debit/credit card.

This is done through the following steps:

– Log into your Skrill account and select Cards and Bank Accounts
– Choose Verify, which is opposite to the card you have entered
– In the next step, Skrill will withdraw a small amount from your account which then will be returned
– Then, you have to check this transaction and remember the amount that Skrill has withdrawn from your account
– Once you know the amount you can log into your account and verify the amount

This way you verify your card and you can use your Skrill account. Before you deposit money in a bookmaker, you must first have withdrawn a certain amount from your credit/debit card in your Skrill account.

To deposit money into your betting account in bookmakers, you simply have to enter your e-mail address through which you have created your account at Skrill. Enter the deposit amount and your password, and then you can withdraw from your account at Skrill.

+Advantages
The advantage of Skrill to the ordinary use of credit/debit card is that when you decide to withdraw profits, withdrawal takes place within a few hours, up to 24 hours. Another advantage of Skrill is that you will not pay extra fees when you deposit and withdraw money.

-Disadvantages
Skrill has its own currency rates that are lower than those of the banks.

Neteller

neteller logo

This is another method of electronic payment, which you can use in your betting account. Before you start with the payments, you need to register at the official website of Neteller. For registration you will need to enter your e-mail address, choose a password, enter personal information such as name, date of birth, gender, address, phone number. Also, you will have to select the currency you want to use in transactions.

Remember that once you select it, you cannot change it afterwards.

Once you have registered and you have confirmed it via e-mail, you can now register a map through which to deposit money into your Neteller account.

The data that you need for a card registration are:
• IBAN number of your bank account
• bank name
• town and country
• currency of your bank account
• BIC code
• Number of the bank (this is optional)

Important: Remember that the name of your Neteller account must match the name on your bank account.

The system of Neteller also requires verification of your bank account. For this to happen, Neteller deposits a small amount into the bank account that you have entered at registration, and this deposit must be made into your account within 3 to 5 working days. You need to check your account and once you have really received the deposit, enter your Neteller account and verify your card by typing the numbers after the decimal of the test deposit, for example, if 0,35 are transferred, enter 35.

Remember that the test deposit will be sent in euros.

The amount of the deposit in your Neteller account varies from about 4 Euros minimum amount to 305 Euros maximum amount of deposit. The fee that Neteller takes from your bank account varies between 1.9 – 4.5% of the deposited amount.

To deposit in your bookmaker’s account, you need to enter your account number in Neteller and an authorization code that Neteller gives you after registration. The deposit from your account in Neteller to your account in the bookmaker is processed immediately. The withdrawal in the opposite direction is processed within a few hours, up to 24 hours.

EntroPay

EntroPay logo

EntroPay account is a prepaid one. It provides you with a virtual VISA card through which you can make any payments, where VISA is accepted. You can deposit funds into your virtual EntroPay VISA by using your credit or debit card.
To open an EntroPay account and get your virtual VISA, you need to register at the site of EntroPay, by completing the following information:
• personal data such as name, date of birth and contact details
• details of your credit/debit card that you can use to deposit funds into your account at EntroPay
• decide how much money to deposit into your virtual VISA card

After you enter this data, you can use your virtual EntroPay VISA card. You do not have to wait for e-mail confirmation after you register; you can immediately start payments with your new account. Also, on your screen you will immediately see information about your virtual account. You will see the 16-digit card number and CVV number that you can copy with payments.

Creating an account at EntroPay is free.

The fee you pay when you load EntroPay account with a debit/credit card is 4.95%. 1.95% of the amount is the fee that EntroPay takes when you receive money in your virtual VISA. Payments with EntroPay are free. Transfer of funds from EntroPay account to your account costs 4.50 euros.

To make a deposit in a betting account using EntroPay you need the following data:
• Number of virtual VISA, which EntroPay creates
• Expiration date
• Card’s security number

The advantage of EntroPay payments is that when you withdraw profits from your EntroPay account, you do not wait more than 24 hours for the transaction.

Bitcoin

Bitcoin payments

There are bookmakers that offer betting through Bitcoin funds.These bookmakers usually rely solely on Bitcoin. Of course, before you start betting with Bitcoin, you have to create a Bitcoin wallet.

There are various free and paid services that offer to create your own Bitcoin wallet on the Internet. You can get Bitcoin through the so-called Bitcoin exchanges where you trade money for the internet currency Bitcoin. Another option is a the Bitcoin ATM where you can exchange money for Bitcoin, which you can transfer directly into your Bitcoin wallet.

There are bookmakers that do not oblige you to have a registration and deposits to place bets via Bitcoin. You simply send your bets to a certain address and if you win, the profit would be transferred directly to your Bitcoin wallet. Here you can read about what bonuses are.

Sometimes bookmakers do not work with Bitcoin and in this case your Bitcoin currency is converted to another currency following a fixed rate. Conversely, when money is transferred to your Bitcoin wallet, the amount is converted into Bitcoin currency, which then goes into your wallet.

ecoPayz

EcoPayz payments

ecoPayz is the new name of the ECO service, which offers online transactions of money. In order to register, you need to give your name, password, e-mail address, country, and preferred currency with which to make transactions.

In order to deposit funds in your ecoPayz account you can use one of the following methods:
Credit/debit card
Local bank deposit
International bank deposit
Other local services

If you are using a credit/debit card, you need to validate it before making any transactions. When you input your credit card information to your ecoPayz account, the system will ask for a small amount (usually between 1 to 2 euro) as a micro deposit.

To prove ownership of the card, you need to check this transaction and remember the amount of the micro deposit that was requested. When you verify the amount in you ecoPayz account, you can use your user account to make transactions.

In order to make a local bank deposit, you will need a bank account.

To make your local bank deposit, you need to:

log in to your ecoPayz account
pick out ‘Deposit’ from the menu
choose ‘Local bank deposit
verify your account number from the given menu
enter the amount you want to deposit to your ecoPayz account
choose the bank from the given options
click on ‘Confirm
after that you will be given information on how to finish your deposit

*The deposit fee at ecoPayz varies between 0-7%.

The fee for deposit via credit/debit card is between 1.69-2.90% from the total deposit amount. A transaction from ecoPayz to your bank account would cost between 5.5 and 10 Euro.

As there are different ecoPayz accounts, there are also different limits for their uses. In the case of a ‘classic’ account, you can use amount of about 2 400 Euro. The minimum amount for a transaction is about 10 Euro, while the maximum is around 200 Euro. The maximum amount per the day is also about 200 Euro.

Not all bookmakers allow an ecoPayz deposit, but those who do usually do not have a limit with minimum and maximum deposit amounts. The processing period of the deposit is about two hours and is usually taxed with around 1.5% of the total deposit.

PaySafe Card

paysafe card logo

PaySafe Card was founded in 2000 with headquarters in Austria. To use PaySafe Card for betting at different bookmakers, first you have to visit PaySafe Card outlet, which can be found in several countries in the world. There you will be able to exchange money for a 16-digit PIN, which you will be using while betting at their partner bookmakers. For security purposes, you do not have to reveal any personal information. You can buy up to ten PINs at once and only cash is accepted. The good thing is that you can use these PINS in different bookmakers’ sites and use PaySafe Card as a payment method. You can check your account balance at the site of PaySafe Card and deposit more cash at the physical outlets.

One great thing about PaySafe Card is that you can let someone use a PIN you have bought, which can be nice gift for online betting fans.
Another advantage of PaySafe Card is that it can limit you if you are easily prone to overspending money. They do not limit you directly, but the fact that the system accepts only cash and you have to go to an outlet and deposit money to your account is enough to prevent you from overspending.

The service of PaySafeCard is free for the first year, after this period you will be charged a $2 fee for maintenance.

WebMoney

webmoney logo

Originally started to cater Russian clients, WebMoney is now popular all over the world as a system for online money transactions. Still, much of its operations are based in Russia.
To start using the services of WebMoney you first have to make an account at their website. You will need to enter some personal information as well as to verify your identity. This happens via a phone call during which you will be given a unique password that you can change once you enter your account. The service is available in different languages.

There are different ways in which you can add funds to your account – credit/debit cards, online and cash bank transfer. Once you have money in your account, you will be able to bet on the WebMoney partner bookmakers’ sites and you can withdraw profits whenever you want.

WebMoney services are safe for online money transactions. Hanging over cash at your bank is maybe the safest way to transfer money to your WebMoney account. Plus, this option do not require you to reveal any personal information or numbers of your cards.

Another great safety feature of Webmoney are the secret key files that are stored on your computer. Only users who have access to those keys can enter the online purse of Webmoney, which is an additional layer of security for your money.

There is no fee when you make transactions regarding your online battings; however there is a commission that Webmoney charges for using their services. Usually it is around 0.8% but it is highly dependent on the amounts you transfer. Overall, using Webmoney is still cheaper than some other online payments services that are offered.

TrustPay

trustpay logo

TrustPay was founded 2009 and since then it has become a favorite payment method for many European clients. Trustpay will allow you to make online payments by using credit/debit cards, an internet banking account, a Paysafe Card or your account at TrustPay. Depending on what option you would like to use, the procedures for making payments with TrustPay are different. If you use cards, you will need to provide their number. If you choose the internet banking, you will be redirected to a page containing all Trustpay bank account information that you will need to have in order to transfer money online. However, if you have chosen as a location your country, the site will provide you with links of the online banking systems of the banks in the chosen country.

For the PaySafe Card option, you will need to provide the 16 digit PIN mentioned above. If you choose the e-wallet of TrustPay, you need to have an account with deposited funds there and if you do have one, you will have to enter your PID code as well as your account’s password.
TrustPay services mentioned above are all free and are processed immediately.

There are some advantages and disadvantages of using TrustPay. Some advantages are: TrustPay is a very safe method of transferring money; payments are done immediately and anonymously; the service is free of fees.

*One main disadvantage of the services of TrustPay is that they are available only in 14 countries.

Bank transfer

bank transfer

A bank transfer is an international method for transferring money from one bank account to another. This type of transfer is used mainly for large sums of money.

In order to complete a deposit with a bank account, you need to check this method of payment at your bookmaker. Bookmakers usually have information that you can use to complete your transfer. You need information like account name, bank name, bank address, IBAN, Swift code, account number and reference. After transferring your amount with the aforementioned attributes, you will receive a verification e-mail from the bookmaker company about the completed transfer.

The minimum amount for deposit via bank transfer with different bookmakers is usually between 15 and 50 Euro and it can go as high as 50 000 Euro.

Processing period for bank transfer is up to five working days and deposit taxes can vary with different banks. To withdraw profits via bank transfer, the minimum is 5 Euro and there is no maximum. The processing period for bank transfer is again up to five days and tax is equal to around 5 Euro.