Around the world, online gambling and betting is prevalent and if you’ve heard about this, you’ve surely heard about online gambling wallets which are used as intermediaries between your bank and your online betting websites. People use online sports betting wallets to ensure smooth, fast, secure transactions, through a variety of payment methods. Today, we’ll explore the best online betting wallets from around the world.
These online betting wallets are widely used across the globe, also known as e-wallets or electronic wallets, because it’s essentially storing money for your electronically. Most online players have at least one e-wallet for gambling and you can also check out our list of top e-wallet websites 2024, which you can use for depositing and withdrawing funds to and from bookmaker and online casino websites.
Online Betting Wallets FAQs:
Are online wallets safe? | Why are online wallets used? | Which are the best gambling e-wallets?
Best list of best online gambling wallets 2024:
1) Skrill
Being founded in July 2001 in the United Kingdom, Skrill is hands-down one of the oldest online betting wallets around. Earlier referred to as Moneybookers, Skrill ewallet has operations in 131 countries and processes 40+ currencies as well. Their top features include PoS transactions, saved cards, mobile payments through the Skrill app, enhanced fraud management, multi-lingual customer support, and they’ve even launched the Skrill 1-Tap service. The parent company is known as Paysafe and they’ve got 2,000+ worldwide employees.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐⭐
2) Astropay
Launched in 2006, Astropay wallet was started for money transfers internationally, for those who couldn’t access debit or credit cards as an option. Using Astropay, users can make purchases on international sites with local currencies and in 2009, they even launched their own product called the Astropay Card. Some of their key offerings include loyalty programmes, Astropay gift cards and crypto offerings too. They have many sporting sponsorship deals including Wolverhampton Wanderers, their third Premier League partnership.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐⭐
3) MuchBetter
A newer name on the online gambling wallets list, MuchBetter was founded in 2016 and they’ve won multiple awards for their industry leading fraud prevention system and their use especially for the online betting industry. MuchBetter ambassadors include Felix Schneiders for poker, and Jed Etchells, Crosby Cricket Club, Douglas Athletic Football Club, IOM Vagabonds Ladies RUFC, Marta Kostyuk, and Max Ingham in sports. The multi-device payments app recently launched new products – MuchBetter Gateway and MuchBetter Cash. Read our complete MuchBetter review here.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐⭐
4) MiFinity
The online wallet is one with infinity possibilities and that’s why it has its name. You can pay online and receive funds online, at 650+ websites online. You can load your MiFinity wallet with 75+ different payment methods, and they also won the 2023 Payments Award for the best cross-border payments service. Deposit fees range between FREE to 10.5%, while the withdrawal fees are usually 1.8%. The wallet is used across multiple industries including iGaming, forex, news, e-commerce, travel, and more.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐
5) Neteller
Started way back in 1999 even before Skrill, this online money transfer service is also owned by the Paysafe Group. Neteller accounts have been historically used for transferring between merchants like forex trading firms, social network firms, betting companies, and others. Users can make use of bank transfer or even use the virtual Net+ card for money transfers, with the platform being available in 15 different languages as well. Neteller Knect and Neteller VIP are their loyalty programs while also having exclusive online betting offers.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐
6) Jeton Wallet
Started in 1994, this platform is used for secure digital payments for money transfer and money exchange around the world. Jeton Wallet has VIP Rewards for users, along with the best live chat support in the industry. They launched Jeton Card and JetonCash, the latter allowing free transaction fees unlike the 3% sender fee for debit/credit cards and 2% sender fee for transfers and 1% fee for crypto withdrawals. Jeton sponsorships include official e-wallet partner for Hull City and West Ham United in the Premier League.
Registration link: JOIN NOW
Read Scoops rating: ⭐⭐⭐⭐
7) ecoPayz
8) STICPAY
9) PayPal
10) Payoneer
Frequently Asked Questions
Are online wallets safe?
Just like how you search for safe online betting sites, players are also very interested in know if online wallets are safe as it involves handling their hard earned money. While newer e-wallets haven’t earned the trust of users around the world, these online gambling wallet apps mentioned above are 100% legal and trustworthy, being around for several years each.
Why are online wallets used?
Online wallets are used for international transfer of funds, when an international card cannot be accessed. These online e-wallets promise fast and secure transactions, which are mainly used by those interested in online betting and casinos. This will allow users to have a single account for gambling transactions, unlike when funds are deposited and withdrawn from personal bank accounts.
Which are the best e-wallets for gambling?
The list above includes the Editor’s Picks from Read Scoops for the best online gambling wallets. While all of them have their own pros and cons, they are collectively the best online wallets in India as well, which come with offers and promotions which can be redeemed on gambling websites as well.
Overall, using online betting wallets can be super beneficial, while there are pros and cons for both. Firstly, it’ll allow smooth transactions from one online wallet to multiple betting websites of your choice. You don’t need to clutter your personal bank account with regular transactions to and from betting websites. Secondly, these online wallets are customised to work well with online casinos and sportsbooks. Additionally, using e-wallets turns out to be cheaper than traditional banks in the long run because of the forex and transaction fees charged by banks; local currencies used by these online gambling wallets will help standardise the costs.
A massive disadvantage of using online wallets is that some countries have disallowed the use of these wallets, making it difficult to make deposits and withdrawals. Some banks allow these transactions while others don’t, so ensure you’re checking your local laws before signing up to any of these wallets mentioned above. Also ensure to register through our links on this page as we’re affiliated with the brands mentioned above and our registrations will help support Read Scoops as well.
