22 November, 2024
Finance

Safest Payment Methods for Online Sports Betting in New York

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What Payment Methods are Safest for Online Sports Betting in New York?

Choosing the right payment method to transfer money into your online payment account shouldn’t be that difficult, right? Well, it’s a relatively easy choice as long as you don’t the security factors into account. That’s because online frauds and payment scams still exist on the internet.

For online punters and sports bettors, digital payment scams are a serious nightmare. So, we have picked a handful of reliable payment methods for the best online sports betting in New York.

The Safest Payment Methods for Sports Betting in NY

By picking a safe payment method to transfer money from your bank account to your chosen sportsbook, you can place wagers without worrying. Remember, the most popular payment method doesn’t necessarily mean the safest one as well!

Since a lot of people are getting into online sports betting, it could send a hearty invitation to scammers and payment fraudsters on the web. Here’re the methods you can rely on:

PayPal

It’s one of the most popular payment methods around the world but that isn’t the proof of safety and security that this company offers. PayPal has secured payment transfer channels with end-to-end encryption using cutting-edge encryption protocols. 

Since most people already have a PayPal account, a lot of betting sites are already accepting it as a payment method. Plus, the massive popularity of PayPal always keeps the company on its toes when it comes to improvement in security.

Virtual Visa Cards

We know that debit and credit cards are quick and efficient payment methods. However, they aren’t as popular when it comes to anonymous gambling or online sports betting. Since your debit/credit card is registered under your name, the chances of getting hit by scammers are still high.

However, the chances of digital payment frauds and scams reduce exponentially when you use anonymous payment methods such as virtual Visa cards. These cards won’t show your name or personal information but fund your betting account almost instantly. 

Skrill

Just like PayPal, it’s another online payment method that’s very popular around the world, mainly in the US. A lot of online gambling sites, sportsbooks, and casinos accept it as a safe payment method. It uses end-to-end encryption with instant alerts and updates in case of unauthorized access.

The 2FA authentication process makes it even safer for online sports bettors. You can easily signup, link it to your bank account, and fund your online betting account.

Frequently Asked Questions

Still looking for more info? We’ve compiled a list of FAQs – check them out!

How many online sports bettors are there in the US?

In the US, there are nearly 19 million active sports bettors since the start of 2022.

Can you use crypto coins to fund your betting account?

Although crypto gambling is on the rise, a lot of platforms are still not used to accepting Bitcoin or any other cryptocurrency as a form of payment. 

Claire James

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