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You want to get started betting on sports or horses, but want to learn about the best services available to deposit and withdraw funds to and from your online sportsbook account. I’ve outlined the different kinds of banking methods below and the most accepted methods within each category for service in Qatar. 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 Skrill or Neteller will be different at each sportsbook. I cover this on my page on high limit Qatar sports betting.
Note that no reputable sports betting site yet offers direct Qatari Riyal betting.
You will need to select another account currency, and depending on how you will
fund your betting account, you will likely look to use a funding source that uses
same base currency. In other words, make sure you only pay one currency exchange
fee when buying a new balance of funds with a Qatari Riyal base funding source. If
you buy a prepaid balance, do so in the currency of your betting account. If you
register an e-
Note that if you are solely based in Qatar, PayPal is NOT a payment solution that will work with sports betting sites. Only a small group of countries in the world are able to use PayPal in this fashion and they are mainly located in Europe.
Credit Cards like Visa and MasterCard are accepted by essentially every major online sportsbook. Depending on your credit card company, your deposit may be treated with online 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. These Debit solutions are available at most betting sites for Qatar.
If you want to use funds from your bank account directly, this is generally not an issue from Qatar:
Bank Wire Transfers are available at most online sportsbooks and in almost every country of the world, they may be used to transfer funds to sportsbooks companies. Wire transfers take a little longer to settle as a transaction but this method generally allows for extremely large amounts and is likely the best option for high rollers. At a site like Pinnacle.com for example, there is no limit to the amount you may deposit by bank transfer.
Skrill, Neteller and EcoPayz are three of the names you may have heard about 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-
bet365 offers several major banking methods to Qatar-
If you would like to fund your betting site account using bitcoin, understand that you can do this, but your account will still be in a normal Fiat currency. A betting site that accepts bitcoin will exchange your bitcoin deposit for their current exchange rate into your Fiat currency balance. Most sites that accept bitcoin will convert to a limited number of Fiat currencies like the USD or Euro or GBP, not others, so your betting account would likely need to be in ones of these currencies.