I’m sure you know what a credit or debit card is, so we won’t stop and explain that to you. However, you should know how you can use your card to place bets on sports.
All of the companies we have reviewed here allow the use of credit or debit cards to make deposits. This is no big deal, but what you may not know is that most sportsbooks do not allow you to withdraw money from your account using your card.
Why is that? Well, many card companies do not permit reverse charges. So, generally speaking, online sportsbooks have steered away from credit and debit card payments for payouts. To withdraw your cash, you’ll need to take advantage of some of the other common payment methods, such as PayPal or ACH transfers.
If you still want to deposit using your credit/debit card, you have plenty of options. Most online sportsbooks accept Visa & MasterCard, and some even accept other brands like Discover and American Express.