E-wallets, Deposits and Withdrawals

Moneybookers

Moneybookers is arguably the best E-wallet for the purposes of sports betting arbitrage. It is accepted by the majority of online sportsbooks as a method of deposit and withdrawal, often free from fees (determined by the bookmakers who choose to cover the fee for you or not). Membership is open to most places around the world, and they offer a referral incentive program.

Moneybookers offers a range of free methods of deposit for many specific countries, while credit card deposits into Moneybookers are charged a 1.9% fee. Withdrawal from Moneybookers to your bank account is typically charged a fee of €1.80, or €3.50 for a check. Transferring money between accounts invokes a 1% fee (up to €0.50) for the sender, while the recipient has no fee.

Moneybookers accepts membership from every country in the world, except countries listed by the OECD here. Moneybookers accept every major currency, and most other common currencies.

Neteller

Neteller is the second contender for the best E-wallet for sports betting arbitrage. Neteller is accepted in approximately as many places as Moneybookers, perhaps even more, but they only accept four primary currencies (USD, EUR, GBP, CAD), they have larger fees, and more limitations.

All credit cards and debit card deposits into your account are charged a 3.9% fee, while other local methods of deposit are also provided and many of those are free. Neteller to Neteller account transfers charge the recipient a 1.9% fee, with a minimum charge of USD$1. Withdrawals from your Neteller account can be made with a Neteller debit card (free to activate, but subject to inactivity fees) for $2 per transaction, while EFT withdrawals to your bank account are free, and withdrawals via check are charged USD$2.

Neteller does not accept accounts from: Malaysia, Russia, ...
Please contact us if Neteller is not available in your country

Make $10 extra on your first Neteller Deposit

For a limited time Neteller are offering a Refer a friend promotion which offers cash incentives to both the referer and the referee. If you refer a friend you earn 20% of that persons initial deposit up to $20, while the person being refered earns 10% of their initial deposit up to $10. The initial deposit must be made within one month of registering. So if you are about to register with Neteller and are interested in making a free $10, send us an email and we will refer you under this promotion, which will generate an email from Neteller inviting you to join. Join from that email, make your first deposit within 30 days, and you get $10 extra for free.

E-Gold

E-gold is actually not a mainstream ewallet, but a number of bookmakers (5Dimes and BetRoyal instantly come to mind) do accept E-gold. The reason I have added E-gold to the list of primary e-wallets is because thanks to recent legislation in the USA, most people in the USA have no way of funding sportsbooks. E-gold is a very private money transfer system, and I suspect that there is no way to stop Americans from using E-gold to deposit into bookmakers.

MoneyBookers have already stopped depositing money into bookmakers for Americans, so has Neteller, so if you are from the USA and looking for a way to fund bookmakers, I suggest having a look at E-gold. (also, see SureBetBookies to find what bookmakers accept E-Gold).

Other E-wallets

For all intents and purposes, Moneybookers and Neteller are the only E-wallets an arber needs to know about. Following however are some of the other e-wallets and funding methods available for many bookmakers.

Firepay

FirePay is free to sign up, pay with, or send funds to, but charges a small fee for depositing into. Requires a US or canadian bank account to deposit funds into FirePay. Otherwise, fast, easy to use, widely accepted, FirePay is another good option. Firepay accepts accounts in (only US$?)

Click2Pay

Click2Pay is very worldwide orientated, with a great navigation system for how to deposit and withdraw. With options for deposit and withdrawal from all over the world, they are easy to use for anyone. Uses US GBP and EU currencies. Has limits on weekly spending etc. More details on this soon.

Citadel

Looks good. Multicurrency, lots of information on website, trusted etc.

WebMoney

WebMoney Transfer enables Internet users all over the world to conduct safe transactions in real time, to pay for goods and services via the Internet, communicate with business partners by using voice service or internal confidential WM messenger.