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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.
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.
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.
10Bet 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-
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-
The benefit of these e-
An additional benefit of some of these e-
MuchBetter is a mobile e-
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-
paysafecard is a prepaid voucher or card that is available from retail locations.
To deposit funds, users enter a 16-
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.