Since online sportsbooks have exploded onto the scene in the US, Apple Pay has quickly become the payment method of choice for many punters. In this article, we will take you through why this is and why you might consider using this payment method the next time you want to make a bet on your favorite sporting event.
Over the years the payment methods that players can use to deposit and withdraw at sports betting sites and online casinos has increased dramatically. As well as traditional direct banking methods such as cards and wire transfers, punters are now able to use a wide variety of e-wallets such as Apple Pay, prepaid vouchers, and even cryptocurrencies.
But Why is Apple Pay Proving among the Most Popular with Fans of Sports Betting?
For one, creating an account and having it verified is extremely easy with Apple Pay. This verification process is quick and simple for one main reason, it uses your Apple device to help prove who you are. Apple devices use biometrics to identify who their owner is, so the fingerprint that proves you own the Apple device is the same fingerprint that is used to determine you are who you say you are.
It is this ease of use that has attracted many punters to choose Apple Pay over more commonly known payment methods at sports betting sites. Transactions are also quick and secure, so punters could be wagering on the big match within a matter of seconds. Just remember that if you are considering betting on sport, you should use only licensed bookmakers.
Cons of Using Apple Pay When Sports Betting
While the main advantage of using Apple Pay is as clear as day, unfortunately so is the biggest negative. Currently, it is not possible to use this payment method for withdrawals which is quite disappointing. Of course, this is a minor issue for many who can just use a different payment method for their withdrawals.
Those looking for a more complete payment method that offers the ability for both deposits and withdrawals are likely to opt for something else. The good news is that there are plenty of other payment methods that do allow you to withdraw.
The Alternatives to Apple Pay
Among the most popular alternatives is certainly e-wallets such as PayPal, Skrill, and Neteller. They might not be as easy to set up and verify compared to Apple Pay but they do offer complete payment solutions. Skrill, in particular, is widely renowned among punters as it offers some of the lowest fees, is generally among the quickest, and is accepted at a plethora of online sportsbooks in the US and across Europe.
Cryptocurrencies have also started to become a commonly used payment method at online casinos and sportsbooks. Offering lower fees and better privacy, cryptos such as Bitcoin, Ethereum, Litecoin, and Doge are slowly becoming a popular choice with punters. As more online betting platforms start accepting them, it is predicted that they will top any other form of payment method.
Summing Up Apple Pay as a Payment Option!
Mobile gaming as a whole has been a major trend in 2020 and the increased wagering on slot games, at live casinos, and at online sportsbooks is a big part of that. Apple Pay has become a recognised payment method for most types of mobile game but for those who use sportsbooks, the lack of a withdrawal option is really holding it back. It remains to be seen if this will always be the case but there are at least many other payment methods that can be used instead.