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Germany Sports Betting Banking Methods

You want to get started betting on sports, but want to learn about the best services available to deposit and withdraw funds from your sportsbook account.  I’ve outlined the different types of banking methods below and the most accepted methods within each category for service in Germany.  You will see that the most popular methods are generally available across each of the sportsbooks.  If you are interested in understanding the transaction size limits for each method, these vary by sportsbook.  In other words the limit for Skrill will be different at each sportsbook.  I cover this on my page regarding high limit Germany sports betting.

Credit Cards like Visa and MasterCard are accepted by every sportsbook in my list.  Depending on your credit card company, your deposit may be treated with sportsbooks as cash advances, not purchases.  This means that your transaction may be eligible for interest charges from the moment of the transaction.  Check to see if this is in fact the case with your particular card if you wish to avoid these interest charges.  Maestro and Visa Debit and Visa Electron are considered “debit” solutions which allow you to debit funds from your associated bank account, which avoids interest charges.  Some of the more advanced betting sites also let you use Apple Pay with your credit card at the given betting site.

Credit cards, debit cards and prepaid credit card solutions

E-wallet solution providers for Germany

Bank debit and transfer solutions for Germany

Prepaid vouchers and cards for Germany

Paysafecard is also similar to a giftcard where you can buy in amounts of  5, 10, 25, 50 and 100 EUR with a unique 16-digit PIN and exchange currency amounts as required.  You may combine up to ten PIN codes for payments up to to 1,000 EUR at any one time.  Use the PaySafe app from your mobile to check your balance and find sales outlets.  

If you want to use funds from your bank account directly, there are several options from Germany:

Bank Wire Transfers are available at most sportsbooks and in almost every country of the world for transfer to sportsbooks.  Wire transfers may take a little longer to settle as a transaction but this method generally allows for extremely high limits and is thus very good for high rollers.

Paypal, Skrill (and Skrill One-Tap), Neteller are some of the names you may have heard for online payments and transfers.  These are often referred to as e-wallets.  With them, you can link a credit card or bank account as a funding source to deposit money into your sportsbook account, or conversely, use them to withdraw winnings. Skrill also supports Online Bank Transfers and Nordea.  These are indicated where accepted.

The benefit of these e-wallet providers is that they allow you to move money electronically for very low fees, in very little time.  Depositing money is nearly instantaneous, and withdrawals are often processed within 48 hours at most sportsbooks, sometimes, within 24 hours.  

An additional benefit of some of these e-wallets is their ability to allow you to access their service from your smartphone or mobile device.  Additionally, most of these e-wallet providers allow for transaction sizes large enough to accommodate the needs of almost every bettor.  All of the above are available for use in Germany.