Credit Card Sportsbook Withdrawal

Introduction

Almost all the major sportsbooks on the internet accept major credit cards such as Visa, MasterCard and American Express for handling transactions. You just have to register for an account with the sportsbook and then enter your credit card information to make the deposit. Once you enter the credit card information, you will have to confirm the payment, for security reasons, through an email link or an SMS confirmation on your mobile phone. In some cases, they ask for an authorization code that only you know.

How it works

A lot of sportsbooks allow deposits through credit cards but are quite reluctant when it comes to withdrawals. This is because companies like Visa and MasterCard tend to take a while to process withdrawals back into the account due to their verification process and this leads to customer dissatisfaction. Hence, they recommend all players to avail the services of an e-wallet system for withdrawals.

When you register for an e-wallet system, you just have to give your bank account information or credit card information. When withdrawing from your sportsbook account, just select the respective e-wallet system and provide the details. The rest is taken care of. If you link your bank account or credit card, you can transfer money back. This usually takes around 3 business days to process but it depends on the poker room and the service. Usually there is a charge for withdrawing amounting to about 2% of the total funds being transferred.

Other features, notes and restrictions

Sportsbetting through credit cards is available in most of the major countries of the world except the United States. If you are from the US, best look for a sportsbook that is based within the country. In addition to credit cards, one can use Visa, MasterCard and Maestro debit cards to make purchases. Since debit cards have a limit of the money in your account, there is no risk of overcharging and hence are preferred by sportsbooks which offer some bonuses after playing for a while.

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