Betting apps work with an account “wallet” that in most cases can be used for sports betting, casino, and bingo (where available). To get started with a betting app an account will need to be set up. This account has its own wallet attached to it. Funds from your bank account/eWallet then need to be transferred to the app’s wallet.
The funds from the betting app’s account wallet can then be used to place bets. Similarly, any winnings from successful bets will be placed into your betting account wallet. You can then transfer this from the wallet back to your original payment source.
How To Make A Deposit On A Betting App
The first step, if not done so already, is to register for a betting account. If you haven’t and are not sure who to bet with, you can check out our recommended app below – We have rated bet365 as the easiest betting app in the UK – A great place to get started!
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Most bookmakers offer a deposit option as part of the account sign-up process. They make the process as simple as they can in an attempt to minimise any doubt, errors, and confusion.
If an initial deposit was not made, then one can be made any time in the future from either the home page of the betting app, or from within the account settings.
So here are the actual steps in making your first deposit. These may differ slightly, depending on the bookmaker, but as a rule of thumb, the steps are:
A step-by-step guide to making your first deposit
- Find and head to the deposit section of the betting app.
- Choose from the list available one of the accepted payment methods (VISA, Paypal, etc.).
- Enter the relevant payment details (differs depending on the payment method chosen).
- Choose an amount to Deposit.
- Tap the Deposit/Confirm button to complete the process.
In most cases, the deposit amount set should show in the betting app’s account wallet immediately. In some cases, you will need to login to another platform to make the deposit, like PayPal or other e-wallets. Your deposit will still be taken in the app.
Payment Methods Accepted
VISA debit card is generally accepted by all. However, if someone is looking to deposit via an eWallet account or a lesser popular payment method, it would be advised to make sure this method is an approved one before registering. Credit cards are not accepted by any UK-licensed bookmaker, online or on the high street. This is part of the safer gambling regulations in the UK and you cannot get around this.
It is worth noting that some payment methods do not allow you to claim the deposit, usually e-wallets. Paypal is one to watch out for as some do allow bonuses with Paypal and some don’t. You can see all the betting apps that allow PayPal here.
How To Withdraw From A Betting App
Requesting a withdrawal from a betting app can usually be done from within the account settings. There may be a direct withdrawal option or a “cashier” or “banking” hub that needs to be entered into. Either way, the option to withdraw is usually straight forward to locate once in the account settings.
Once the Withdraw option has been selected:
- The destination for the withdrawal will automatically show as the payment source used to deposit funds in the first place.
- Select the amount to be requested for withdrawal and then enter the user account password.
- Tap on the withdraw/confirm button to request the withdrawal.
The bookmaker and payment destination will depend on the time it will take for the funds to be transferred across. Withdrawals back to a debit card can vary from a couple of hours to 1-3 days, for example.
Getting Your Betting Account Verified
We recommend ensuring that the betting account in question is fully verified before requesting a withdrawal. This means uploading relevant documents to the verification section of the betting app, proving that the address and user’s name match up with the paperwork.
If the account has not been verified prior to the withdrawal request, it will more than likely be asked for at this point, dealing with the withdrawal process. There may also be documentation required if the withdrawal destination requested is different from that which was used to deposit money to the account.
No, as of 2019 you cannot deposit on a betting site or app using a credit card. This is part of the safer gambling legislation in the UK.
Betting apps are the same as other purchases, the payment is always instant but if you want a refund it takes 2-3 days. This is standard across most betting apps. The only way to get your money is to use a prepaid card connected to your betting account (selected bookmakers only).
Check Our User guides
This page has given a general overview of how to deposit and withdraw from a betting app. For a more detailed description relating to a specific bookmaker, check out our betting app user guides. These guide you through the deposit and withdrawal process step by step.