How do I set up my e-wallet for betting?

All you need to do to set up your e-wallet is to download the app, create an account, and link your bank details to your e-wallet account.

Most wallets are free to download and use while some come with fees such as transaction fees.

What are the common types of e-wallets in betting?

Some of the popular types of e-wallets that you can use for your betting sessions are semi-closed, open, and closed wallets.

What’s the best e-wallet for betting?

There are a wide range of e-wallets available and choosing the best one depends on your preference, where you are, and the type of device you are using.

eWallets Betting Sites in South Africa

Last update at 29 December, 2022
Among the best sport betting payment methods you can use are e-wallets. An e-wallet is an application that facilitates the transfer of money. In e-wallets, your passwords and credit card details are safely stored.

You can use your smartphone to make transactions when betting on an online sportsbook that accepts e-wallets as one of their payment methods. To use your e-wallet, you have to provide your payment details such as credit card, debit card, or bank account and sync them to your account.

What makes e-wallets a popular payment method is the security and convenience provided. The transactions you make on various sportsbooks that accept e-wallets are faster and more secure.

List of Bookmakers that Accept E-wallets

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1	888Starz	4.3/5	100% welcome bonus up to €1,000	Play Read review
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4	BetBeast	4.5/5	Welcome Bonus up to 18000 ZAR	Play Read review
5	22Bet	4.5/5	100% WELCOME BONUS UP TO 100 EUR	Play Read review
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Quick Access to the Topics You Can Find in This Article

If you’re in a hurry, here’s quick access that will help you jump into the topic you are looking for without having to browse through the entire page:

Why Use e-Wallets for betting?
Are eWallet Payment Methods Safe for Betting?
How to Bet With eWallets
How to Withdraw Money From a Bookmaker
Deposit and Withdrawal limits
Frequently Asked Questions (FAQ)

Why Use e-wallets for Betting?

eWallets allow you to bet on sports to support your favourite teams and players with zero hassle. Many e-wallets offer security and convenience to their users. Another crucial feature of using e-wallets as payment method when betting online is the privacy that comes with it.

eWallets Betting Overview

Fast Transactions	✅
Lower risk of theft	✅
Confidentiality & Privacy	✅
Ease of Use	✅
Access to Rewards	✅

Are E-Wallet Payment Methods Safe for Betting?

E-wallets are among the safest payment methods you can use to bet on sports betting sites. Not only do they offer fast and hassle-free transactions. To protect your information, e-wallets require 2-factor authentication to safely store your bank details that are linked to them.

Most e-wallets are password protected so that only their users can have access to the data that’s stored in the e-wallet. To maximise the use of e-wallets for your betting needs, it’s best to check the list of what betting websites accept e-wallets.

How to Bet With eWallets

Betting with e-wallets is easy. All you need to do is create an account with the e-wallet of your choice and link bank details such as credit card and debit card. With an active account, you can now connect your e-wallet with the online bookmaker of your choice.

1
Check our bookmaker list
To find the best online sportsbook that offers several betting options, it is best to check the list of bookmakers. Remember to only choose a bookmaker that suits your preference.
2
Get used to your bookmaker
To have the best betting experience and hassle-free transactions, it’s crucial to get used to the bookmaker of your choice. Explore the features of the site and figure out where the betting options you need are located.
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3
Deposit funds
With your preferred bookmaker, you can now easily link your e-wallet. Once done, simply deposit the amount you want to spend on betting.
4
Start Betting
With everything set from choosing the best online bookmaker to getting used to its features and linking your e-wallet and depositing funds, you can now start betting with ease. With e-wallets, you can make fast and secure transactions with just a few clicks.

How to Withdraw Money From a Bookmaker to a E-wallet

Just like when depositing funds, making a withdrawal is also fast and easy. All you need to do is make sure that your e-wallet is linked to your bookmaker account.

How to Withdraw Funds

To withdraw your funds, follow these easy steps:

Head to the online bookmaker withdrawal page
Select the amount you want to withdraw from your account
Choose your e-wallet as your withdrawal method
Double-check the details and confirm your withdrawal.

Canceling Your Withdrawal Request

If your withdrawal process is still on pending status, you can still cancel your request. Just head to the bookie’s withdrawal section and click on your request then select cancel. You can also simply contact the customer service to request a transaction cancellation.

Don’t Withdraw All Your Funds at Once

One of the best ways to avoid the withdrawal limit is to not withdraw all your funds at once. Most bookies’ payment methods come with withdrawal limits that indicate the minimum and maximum amount of withdrawals you can only make.

How Deposit and Withdrawal limits work

The maximum amount you can deposit or withdraw from your account is referred to as the deposit and withdrawal limit. If you go above this limit, your e-wallet won't let you make deposits or withdrawals of the amount you wish until you meet the amount set.

Pros and Cons of Sports Betting with e-wallets

Just like other payment methods, e-wallets come with their pros and cons. When it comes to using e-wallets, some of the pros and cons you can expect are:

Pros and Cons of e-Wallets Betting

✔️ Secure	❌ Dependent on your device
✔️ Fast	❌ Some e-wallets come with fees
✔️ Easy to use
✔️ Instant transactions

Author

Stephen Olayanju

Professional casino content writer with 5 years of experience. He has been privileged to work with many popular casino brands, which are mostly ghostwritten. He’s a casino player and punter too, and has helped many players to get most out of gambling.

Article rating

4/5

1 vote

FAQ. Frequently Asked Questions

All you need to do to set up your e-wallet is to download the app, create an account, and link your bank details to your e-wallet account.
Most wallets are free to download and use while some come with fees such as transaction fees.
Some of the popular types of e-wallets that you can use for your betting sessions are semi-closed, open, and closed wallets.
There are a wide range of e-wallets available and choosing the best one depends on your preference, where you are, and the type of device you are using.