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Your Guide to Deposit Options at Major Offshore Gambling Sites

Your Guide to Deposit Options at Major Offshore Gambling Sites

Whether you are an avid fan of sportsbooks, enjoy taking a spin on one of your favorite casino games, or prefer the thrill of the chase with horse racing, offshore gambling sites offer a wide selection of betting options. The first step in the process of playing online, other than finding a reputable site, is to create an account and fund it with a deposit. Now with thousands of online offshore gambling sites available, American bettors are provided with a whole range of deposit options. Want to use your credit card? No problem. How about a pre-paid card? Doable. But, some of these deposit options are not always viable, depending on what type you choose to use and whom you do your banking with. In this article, we will guide you through the most common deposit options and what their pros and cons are.

Deposit Option One: Major Credit Cards.

The first and most common deposit option you are going to come across is credit cards, which are straightforward and a popular choice among many offshore gambling websites. In most cases, you are going to find that VISA, Mastercard, Discover, and American Express are accepted widely and are easy to use. You simply fill out the deposit form with your card details and choose the deposit amount. Funds are almost always processed immediately.

The Positives Include

  1. They are simple to use; treat it like any other purchase online.
  2. They are low-risk in that if your transaction gets declined, you will not lose out on your money.
  3. A wide variety of brands are accepted at all offshore gambling websites.
  4. Credit cards have security measures in place to ensure you don’t get swindled. This can range from identification security, zero-liability policies, to fraud monitoring protection and secure code pass systems.

The Negatives Include

  1. A lot of United States banks will block transactions. So, it is best to utilize a credit card that is not tied with your main banking institution.
  2. Your credit card may not work if it is not configured for international payments. Understand that there may be additional fees associated with using your card internationally.
  3. You may run into additional fees on some offshore gambling sites for the use of credit cards. This is to pay for the equipment needed to accept credit cards in the first place.

Deposit Option Two: Pre-Paid Cards.

If you are unable to use your credit card or do not have one to use, you can purchase or request the use of a pre-paid card through major credit card companies. You can choose to get a pre-paid debit or credit card from the following brands, Mastercard, VISA, Fifth Third Access (bank), MOVO (VISA), Western Union (NetSpend), NetSpend (VISA), Kroger Rewards (VISA), and American Express Serve. Although there are other brands available, these are the most common that you will come across. It is important to note that when you buy or order a pre-paid card, you know what type it is. Some pre-paid card carriers work with VISA only while others have Mastercard or American Express denominations.

The Positives Include

  1. They are widely available at convenient locations like gas stations and can be bought by anyone.
  2. If lost or stolen, the money can be recovered rather quickly and safely.
  3. When spending the money on the card, you are not using debt to do so since it is pre-paid.
  4. The transactions are not visible to your bank and therefore cannot be declined as such.

The Negatives Include

  1. You will have fees from providers to use the card.
  2. The card that you buy needs to work internationally or else the transaction will get declined.

Deposit Option Three: Money Transfer Services.

You can use a third-party money transfer service from providers like Western Union and MoneyGram, you can do bank wire transfers, and you can do electronic wire transfers through third-party providers like Skrill, Neteller, and Instadebit.

The Positives Include

  1. They are reliable and allow you to send money quickly.
  2. They are good for large deposits as fee percentages are decreased for the more you transfer.
  3. They are widely available across the United States.

The Negatives Include

  1. There are some considerable fees if you are depositing and transferring smaller amounts.
  2. You will need to contact the gambling website for a confirmation code prior to making the transfer.
  3. Some United States banks will not do e-transfers to or from gambling websites.

Deposit Option Four: Bitcoin and Other Cryptocurrencies

If you are in the possession of a cryptocurrency, it can be used to make deposits and withdrawals to offshore gambling websites. Common ones that are accepted include Bitcoin, Litecoin, Ethereum, and Dash coin.

The Positives Include

  1. Near-zero transaction fees (very cheap) which often come with deposit bonuses.
  2. Extremely quick processing time.
  3. Are not regulated by government bodies.
  4. You can switch crypto for dollars.

The Negatives Include

  1. There is an initial setup required. You will need to register a wallet and possibly find an exchange to transfer your money into cryptocurrency if you do not have any.
  2. The price is volatile. It is best to watch the cryptocurrency market to know when to cash out and when to hold your funds.

It is always recommended that you choose the longest-running brands that have a solid reputation and testimonials from other offshore gambling individuals. It is also highly suggested that you put in the time to research which deposit method will work best for your situation, as the deposit method you use may not always offer a withdrawal option. Other than this, be aware of fees and international requirements needed to deposit into your offshore gambling site of choice.