Best Betting Sites with Credit Card in UK

Betting Sites with VISA & Betting Sites with Mastercard

Since the dawn of the internet, credit cards have been one of the most popular online deposit methods, historically, you wouldn’t struggle to find betting sites with VISA cards or betting sites with Mastercards.

However, times have changed, and on the advice of the UK Gambling Commision, as of April 2020 it will be illegal to use a credit card as a deposit method for both online and offline gambling. In this piece, we’ll discuss credit card usage in depth, and also the options that are available for bettors to use instead.

Please, keep in mind that you will not be able to use credit cards for online betting as of April 2020.

The history of Credit Cards

The use of credit cards in the UK dates back to 1966 when bank Barclays launched the first UK credit card, Barclaycard. Other banks such as Lloyds and RBS followed suit creating their own versions of the credit card in the mid-70’s.

The way a credit card works is when a payment is made, the bank is extending credit to the consumer interest free for a temporary period. The bank then bills the consumer usually at the end of each month and any amount that is not paid off by the consumer is rolled over to the next month’s bill with added interest.

When the internet was becoming widely used in the late 1990’s, early 2000’s, the use of credit cards to make payments increased massively. Since the beginning of online gambling credit cards have been one of the most popular methods of payments.

As we now know, credit cards will be illegal for gambling use both online and offline from April 14th 2020.

Looking at the downsides of credit cards for betting websites

The age of being able to use credit cards on gambling websites is behind us – which may sound like an inconvenience, but it’s worth considering the fact that credit cards were never a great choice for online betting sites anyway.

For one thing, depositing to an online bookmaker with credit cards would mean incurring a ‘cash advance’ fee; such a fee does not exist with other deposit methods. What’s more, withdrawing to a credit card did not mean that the funds were available in ‘cash’; instead, the withdrawal would pay off the balance of the card or, if the card did not have a balance, would go into credit. Finally, if the balance of a card was not cleared with a cash payment, then interest would be accrued – sometimes at rates as high as 34%.

The above issues meant that, realistically, credit cards were never a particularly good choice to use when betting online to begin with.

Most popular deposit methods

So, with credit cards no longer an option, what methods can you use to deposit to a bookmaker? Here are a few options to keep in mind:

Debit cards – The process for using debit cards on online bookmakers is very similar to credit cards. They may not have the extra layer of security that credit cards offer but they are a very trustworthy and reliable deposit method.

PayPal – A popular favourite e-wallet and online deposit method, PayPal is reliable, quick and has very low fees.

Neteller – Similar to PayPal, Neteller is another quick and reliable e-wallet and online deposit method but you’ll often find there are no welcome bonuses for punters who deposit using Neteller.

Skrill – Skrill has the same problem as Neteller where online bookmakers don’t tend to offer welcome bonuses who deposit using them. Otherwise though Skrill is a swift and affordable method of payment.

Alternative options: The above can be considered to be the most common alternatives to credit cards, and you should be able to find the majority of these are accepted at bookmakers that once considered themselves to be the best betting sites with VISA cards and the most reliable betting sites with MasterCards. However, bank transfers can also be used, and there are also a few lesser-known options you may want to consider that are available at some casinos; to find out more, read our guides ecoPayz and Bitcoins.

Credit card ban FAQ

When does the ban on using online bookmaker with credit cards come into effect?

The ban comes into effect on April 14th 2020.

Can an ewallet with a credit card as a source of funds be used?

No. While e-wallets are not included in the ban provided they use legal forms of funding (such as a debit card), e-wallet payments where a credit card is the only funding source will be prohibited under the ban.

Does the ban apply offline too?

Yes, credit cards can no longer be used to gamble online nor can they be used at betting shops.

Conclusion

The best betting sites with credit card in UK will soon be a thing of the past as a result of the UK’s widespread ban on the practice of using credit cards to deposit to betting sites.

However, there are multiple alternative options available to bettors in the UK, many of which avoid the pitfalls that were previously associated with credit cards on betting sites. Choosing one of these alternatives should ensure that you can continue to use your preferred betting sites and manage your account as you always have.

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