A Full Guide to Online Wire Transfer Betting Sites for 2024
Wire transfers are one of the oldest payment methods used for funding gambling accounts. We tested, compared, and ranked all the licensed wire transfer betting sites we could find in terms of safety, security and processing times. Here are the top four wire transfer bookies:
Before the technology for alternative payment methods like eWallets existed, wire transfer betting sites provided an uncomplicated way to send money to bookmakers electronically. While not as common as it once was, there are still several benefits to using it, which we cover throughout this article.
Essential Information on Wire Transfer
Before you choose any betting sites that accept wire transfers, consider the type of punter you are. For instance, some bookies are excellent
Breaking down bookmakers by category helps you quickly find your ideal match. It’s worth pointing out that all the bookmakers listed here are licensed by the Gambling Commission (UKGC). You can use the UKGC Public Register to confirm each one’s licensing status.
Fees and Processing Times
One of the biggest downsides to using betting sites that accept wire transfers is the processing times they need. This isn’t on the sportsbooks, but rather a limitation of the payment method. Here are the processing times and fees at the top wire transfer bookmakers:
| Operator | Wire Transfer | Processing Time | Limits min/max | Fees |
|---|---|---|---|---|
| 888sport | 1-2 Days | £100 – £100,000 | ||
| 1-2 Days | £10 – Unlimited | |||
| Netbet | 1-2 Days | £50 – £100,000 | ||
| 1-2 Days | £10 – Unlimited | |||
| Bet365 | 1-3 Days | £100 – £100,000 | ||
| 1-3 Days | £10 – Unlimited | |||
| Spreadex | 1-2 Days | £100 – £100,000 | ||
| 1-2 Days | £10 – Unlimited |
Wire transfers are transfers of funds made electronically via an international network of banks. Therefore, transactions can take up to two days to settle. If waiting around isn’t your thing, we suggest trying out some PayPal betting sites instead for an option with instant processing times.
The Pros and Cons of Betting Sites that Accept Wire Transfers
While wire transfer betting sites need longer to process your payments, there are also several benefits you won’t find elsewhere. Primarily, you’ll be hard-pressed to find another payment choice that facilitates such large deposits and withdrawals.
Plus, it’s a highly secure system, as it requires in-person verification. Plus, all the information contained in the wires is encrypted. Here are the pros and cons of wire transfer betting:
On the other hand, the fees involved can be quite expensive. Also, there are fewer betting sites that accept wire transfers by the day as bookies turn to services like eWallets or debit cards, which are much more convenient options for the user.
Depositing Funds
Depositing funds into wire transfer betting sites is easy enough, though it requires a bit of legwork. To get started, visit the cashier at your chosen sportsbook, select wire transfer, and follow the directions on the screen. You will then receive the information regarding where to send your money.
- Fully licensed and secure.
- Excellent live betting platform.
Each wire transfer bookmaker you use should follow a similar process for deposits. You can follow this step-by-step guide at any of the best wire transfer betting sites listed on this page.
Step One: Create an Account
The first step is to create an account with your chosen wire transfer bookie. You will need to supply details like your name, address and phone number for identity verification and anti-money laundering purposes. Don’t forget to verify your email address, and keep in mind some bookies require proof of address before letting you deposit.
Before you create your account, though, you should be sure to check the operator’s promotional terms and conditions to ensure it’s a valid way to claim the welcome bonus and use any required promo codes.
Step Two: Choose Wire Transfer as Your Payment Option
After you create your account and send the required documents, you can deposit funds. To do so, click on the cashier button (typically found in the top right of most bookmakers’ homepages) and choose wire transfer as your desired option. Once you do this, the cashier prompts you for the amount you wish to deposit.
Enter the desired amount and click “Deposit”. The screen will then display the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or IBAN (International Bank Account Number) you should send your money to.
Step Three: Confirm Your Deposit
When you complete the prior steps, you will receive confirmation of your deposit. Be sure to keep any receipt for your records in case any problems arise. You may need to wait a day or two before the money makes it into your betting account, but once it does, you can bet as normal and receive any bonuses you claimed.
If your account hasn’t been credited within the period displayed on the bookmaker’s website, reach out to its customer support team. A Customer Service Representative should be able to aid and help find a solution.
Withdrawing Winnings
Depending on the bookmaker you choose, you might have to withdraw using the same method you used to deposit, which is worth keeping in mind. Luckily, the withdrawal process at the best wire transfer betting sites can be explained in three simple steps:
Once you complete these steps, it’s simply a waiting game. You should receive your payment within five days at a maximum unless otherwise noted by the operator. If your transaction is taking longer than it should, reach out to the customer service team.
The Best Wire Transfer Betting Bonuses
One of the ways the best wire transfer betting sites separate themselves from the pack is through their sign up offers. Welcome bonuses are the primary method most sportsbooks use to attract new customers, but some stand out with fairer terms and conditions. Here’s our favourite wire transfer betting bonus:
| Best Wire Transfer Betting Sites | Bonus | Highlights | Rating | Visit Bookmaker | T&C’s |
|---|---|---|---|---|---|
| 888sport | Up to £30 In Free Bets | 33+, 137+ | Visit Site! | Full T&Cs Apply! Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days and expires after 14 days • To withdraw any winnings from the Casino Bonus, wager the Bonus amount 40 times within 14 days • Withdrawal restrictions, payment methods, country & Full T&Cs apply. 18+. BeGambleAware. |
However, not all payment methods are accepted for claiming welcome bonuses. Be sure to read the fine print to make sure you can use wire transfers for claiming the new customer offer before you deposit. Check out the top betting site bonuses for some great offers.
Staying Secure at Wire Transfer Bookmakers
Using a wire transfer bookmaker is very secure. The networks use encrypted connections to send a message from the sending bank to the receiving one according to the instructions given. Each account holder must have a proven identity. Here’s how wire transfers protect your money:
Another useful security feature lies with the banks themselves. Most institutions require employees with the ability to send wire transfers to verify themselves over the phone. They usually need to provide a unique code or security key before they receive permission to start the process.
Wire Transfers: A Short History
Wire transfers are one of the oldest ways of sending money. Western Union developed the technology using its telegraph network in the 1870s. Senders would pay cash to the telegraph office, which would then send a coded message to the receiving office authorising the receiver to pick it up.
In the late 20th century, computers and electronic payment networks grew the wire transfer market into what it is today. Known as a fast and secure choice for transferring large sums of money, you can find several wire transfer betting sites that accept it as a payment option.
How Do Wire Transfer Betting Sites Compare to Other Deposit Methods?
The best wire transfer betting sites also offer several other options you can use for deposits. Debit cards and eWallets are becoming the most common ways of managing gambling accounts, and there are now betting sites that accept phone bill payments.
The table above shows some of the most common payment methods accepted at online bookmakers. Whichever way you use, you should make sure it’s regulated by the FCA. You can use the Financial Services Register to lookup any new companies you come across.
Wire Transfer Betting: Your Best Bet for Big Money Transactions
Though using a wire transfer bookie takes a bit longer than most other payment methods, it’s the top choice for moving a lot of money fast. The best wire transfer betting sites also implement strict safety and security measures to keep your funds protected.
While the fees can be quite expensive, they’re worth it for the added protection you get when transferring large sums. Next time you hit a massive multi-leg accumulator or win big at one of the many system betting sites, consider using a wire transfer to withdraw.
FAQ
While we tried to make this guide to choosing a wire transfer bookie as thorough as possible, our readers occasionally have more specific questions. We answer the most common ones in the section below. If you have any other comments or concerns, reach out to us at info@bestbettingsites.com.
🏆 What are the best wire transfer betting sites?
The best wire transfer betting sites are ones with a UKGC licence. Playing with licensed bookmakers is the only way you can protect yourself from scams, fraud and theft. The UKGC performs routine security checks to make sure betting sites are operating with customer safety in mind.
🎁 Are there bonuses on wire transfer betting sites?
Yes, there are bonuses on wire transfer betting sites. We checked all the options listed on this page and found the one with the fairest terms and conditions. You can see it in our write-up on bonuses at wire transfer bookies.
🔐 Are wire transfers safe to use for online betting?
Yes, wire transfers are safe to use for online betting, though they can be expensive. For the full information on how your money is kept safe using this payment method, check out our overview of the security of wire transfers.
❓ Which betting sites accept wire transfers?
There are several betting sites that accept wire transfers as a payment method. However, there are fewer by the day as many switch to options with faster settlement times.