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Saudi Arabia Sports Betting Banking Methods

You want to get started betting on sports, horses or greyhounds, but want to learn about the best services available to deposit and withdraw funds from your sportsbook account.  I’ve outlined the kinds of banking methods below and the most accepted  methods within each category for service in Saudi Arabia.  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 Neteller will be different at each sportsbook.  I cover transaction limits with the high stakes sportsbooks on a page about high limit Saudi Arabia sports betting.  Below this first section about the banking types and the respective companies in each category, I show you which methods are accepted by each sportsbook and the betting account currencies that are offered.  Note that each method may only support certain currencies.  Also note that Paypal is not available to use from Saudi Arabia with betting sites.

Credit cards, debit cards and prepaid card solutions

E-wallet solution providers

Bank transfer solutions

Prepaid vouchers and cards

Bitcoin via blockchain

Withdrawing money from your betting site? You need to know about KYC.

When you look to get started playing at betting sites whether from Saudi Arabia or anywhere else, depositing funds takes almost no time.  After all you are doing business with them, and you know who they are.  When payments need to go in the other direction, your withdrawal, by law, the betting site needs to know that funds are going back to the right person.  Thus, note that ALL reputable betting sites operate KYC programs.  

KYC stands for ‘Know Your Customer’.  Every customer must upload copies of ID and documents that prove your identity to them.  These programs help to fight illegal money laundering.  When it comes time to process your first withdrawal, you’ll just need to wait until your documents have been reviewed and approved.  Most cases can be reviewed within a few days at the sites above, sometimes even less time.  If you wish to get ahead of the issue, you can look to provide your KYC documents before you need to make your first withdrawal.  So, if you hit a big combination bet on your first day and hope to withdraw funds as fast as you won, know that these documents will need review and approval. It would be misguided of any of my readers to think that this delay could be for any other reason.  Protocols must be followed, so have a little bit of patience on this matter when it comes to your first withdrawal.

BetVictor Available Saudi Arabia Banking Methods

MarathonBet Available Saudi Arabia Banking Methods

888Sport Available Saudi Arabia Banking Methods

Go! Go! Go! Go! Go!

Betway Available Saudi Arabia Banking Methods

Go! Go!

bet365 Saudi Arabia Available Banking Methods

bet365 offers several major banking methods to Saudi Arabia customers but they prefer you visit their site to view the latest details for deposits & withdrawals.

Go!

Pinnacle Available Saudi Arabia Banking Methods

10Bet Available Saudi Arabia Banking Methods

Spin Palace Sports Available Saudi Arabia Banking Methods

Credit Cards like Visa and MasterCard are accepted by every betting site in my list for Saudi Arabia bettors.  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.  If your credit cards or debit cards are based in a Muslim nation, or at home in Saudi Arabia, you may wish to avoid using them directly with your betting site of choice.  It may be best to use an offshore intermediary service like Entropay or an e-wallet or prepaid vouchers.

Entropay is essentially a virtual Visa card which is prepaid - meaning there is no credit check or application required.  It allows you to pay instantly and privately so that you don’t share your financial information with the betting service, and your card statement won’t have a betting-related charge listed, but rather “Entropay”.  You can load your virtual Entropay Visa by using an actual credit card, your debit card or with your bank transfer and funds can easily be paid back onto your Entropay virtual Visa for transfer back to your original funding source, or simply use the Entropay card to make purchases just like a regular Visa card.  If your funding source is a credit card, by using Entropay as the intermediary solution, you can avoid potential cash advance interest charges that might be applicable in your jurisdiction as your transaction with them will be treated as a purchase, not a cash advance.  The benefit of this is that funds can be transferred back onto the card for withdrawal at any local ATM.  Entropay is available for registration from Saudi Arabia.

Skrill, Neteller and EcoPayz 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.  

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 24 hours at most betting sites.  They also provide a layer of insulation between the betting site and your funding source like your bank, making them a safe banking option.  Once the money is in or funding source is attached, only the e-wallet, you and the recipient of funds will know about your transaction details.

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.  Skrill, Neteller and EcoPayz are available for use from Saudi Arabia, but only Skrill offers Saudi Riyal accounts which is good for other ways to pay at home.  If you choose Neteller or EcoPayz, use the same alternative currency as selected for your betting site to avoid an extra currency conversion.

If you want to transfer funds from your bank account directly from Saudi Arabia most betting sites will accept this.  However, for your own privacy you may prefer the safety of e-wallets, Entropay or paysafecard given the laws surrounding gambling in Saudi Arabia.  Unless of course your bank is located outside of Saudi Arabia.  If it is in Saudi Arabia, you will leave a record that you transacted funds to an out-of-country company that deals in gambling.  E-wallets add a layer of anonymity.

paysafecard is a prepaid voucher or card that is available from retail locations.  To deposit funds, users enter a 16-digit PIN from the card and the value from the card is transferred to the betting site.  You may combine up to ten cards for payments up to $1,000 or equivalent currency.  Paysafecard expanded to Saudi Arabia in 2015.

Bitcoin is its own currency.  But given how Bitcoins are transferred, they can be used as payment toward other currencies like US Dollars or Euros at betting sites.  You don’t bet in Bitcoin, you get the equivalent exchanged value of your Bitcoin amount in betting currency of your account.