BetOnline Deposits and Withdrawals

BetOnline is an all-in-one betting site that includes a racebook, casino, and online poker room. BetOnline is privately-run, with a gaming license issued by the Panama Gaming Commission. BetOnline is open to wagers from most Americans (a few state exceptions exist) and all citizens of Canada.

BetOnline launched in 2004 as a sportsbook, adding the other options over the years as the market demanded. Today, BetOnline offers all the latest features in Web-based sportsbook and casino gaming – live and mobile betting chief among them.

It’s a bit surprising to find a US-facing sports and casino site that offers more than a dozen different deposit and withdrawal methods. Usually, these sites have one or two options for deposits and payouts. That’s why I wasn’t so disappointed at the relatively-small list of available world sports markets – the site is highly accessible in financial terms.

I searched reviews and message boards and couldn’t find any red flags regarding BetOnline’s customer service and payout times. Sure, a few members made the usual complaints about waiting too long for a check, but for the most part it seems like BetOnline is offering a quality experience, from deposit to withdrawal.

Currency Support

BetOnline only does business in US dollars. This is a common feature of US-facing betting sites; because that market is so difficult to navigate, sites that accept Americans are generally only interested in American business. If you want to use a different currency for your deposit, you’ll need to pay a fee for the currency conversion process, details of which are available by contacting BetOnline’s customer support staff.

BetOnline Deposit Methods

BetOnline offers fourteen options for making a deposit, some of which carry additional fees.

• Person to Person
Person to Person is BetOnline’s name for wire transfer deposits – deposits made by MoneyGram and Western Union. You can deposit between $100 and $2,500 with this method. Fees vary depending on the size of your deposit; deposit $300 or more via Person to Person and BetOnline will cover your transaction fee.

• Credit Cards (VISA/American Express/MasterCard/Diner’s/Discover/JCB)
You can deposit between $100 and $2,000 using your VISA card. Fees vary depending on the size of your deposit. Not available to US or Canadian customers.

• Money Order
US customers can send a money order via courier and deposit between $300 and $9,000 with no additional fee.

• Bitcoin
This crypto-currency is becoming a popular way for US customers to deposit to betting sites, since it isn’t controlled by the same rules as other financial methods. It’s also a highly-adaptable method, since you can deposit between $20 and $3,500 at a time with no added fee.

• Skrill / Neteller
eWallet deposits are a favorite of BetOnline – they charge no fee for them, make special bonus offers available to eWallet depositors, and feature them heavily on their cashier page. Deposits via Skrill or Neteller start at just $10 and are unlimited by BetOnline. Limits from Skrill or Neteller will apply.

• Book to Book
A free way to transfer funds from another sportsbook to BetOnline; transfers start at $500 and are unlimited.

• Bank Wire
For customers depositing large amounts, or those who have no other means to make a deposit, bank wire deposits are available, though your bank will likely charge you international transfer fees and BetOnline may charge a fee as well. Deposits via bank wire start at $1,000 and are unlimited.

• Check
This method is reserved for big spenders; you can deposit from $1,500 to $24,900 by sending a check to BetOnline in the mail or via courier. No word from BetOnline on the transaction time; I imagine it depends where you’re sending your check from. There’s a special procedure for depositing by check. Contact customer service for details.

BetOnline Withdrawal Methods

Eight withdrawal methods are available, though not all are available to US customers:

• Person to Person
Use Western Union or MoneyGram to deposit between $50 and $600. Fees apply.

• Bank wire
An expensive and difficult way to receive a withdrawal, bank wire payouts range from $500 to $24,900.

• Check by Mail/Courier
The most common payout method for Americans is receiving a check by mail or courier. These payouts are limited to between $500 and $2,500. All customers get one free check payout per month; after that, checks require a $30 fee.

• Bitcoin
If you made a deposit via Bitcoin, you can receive a payout of between $20 and $3,500 via the same method. No fees apply on BetOnline’s end, though you may pay currency exchange fees in some markets.

• Skrill / Neteller
If you made an eWallet deposit, you’re allowed to use the same method for a payout. Payouts are limited to between $25 and $9,900.

• Book to Book
Transfer your funds from BetOnline to another sportsbook for free. Limited to transfers between $500 and $24,900.

Conclusion

BetOnline is a good option for bettors who live in the US and Canada and have difficulty making deposits at other, larger betting sites. BetOnline has been in business for more than ten years, runs on an intuitive user interface, and offers casino games and other services, if you’re into that sort of thing. Best of all, BetOnline offers a long list of deposit and withdrawal methods, and though many of them aren’t available to players in North America, it’s nice to have a few options besides check-by-mail.

Open an account at BetOnline if you live in North America, have access to one of their preferred deposit methods, and enjoy sports betting along with a game of blackjack or a few hands of live poker. If you live outside of the US and Canada, BetOnline offers a long list of deposit and payout methods specifically aimed at you.