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Kuwait 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 Kuwait.  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 Kuwait 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 Kuwait with betting sites.

Credit Cards like Visa and MasterCard are accepted by every betting site in my list for Kuwait 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 Kuwait, you may wish to avoid using them directly with your betting site of choice.  Although there are no current legal issues explicitly naming online betting, 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 in Kuwait.

Credit cards, debit cards and prepaid card solutions

E-wallet solution providers

Bank transfer solutions

Prepaid vouchers and cards

Bitcoin via Blockchain

MarathonBet Available Kuwait Banking Methods

888Sport Available Kuwait Banking Methods

Go! Go! Go!

Betway Available Kuwait Banking Methods

Go! Go!

Pinnacle Available Kuwait Banking Methods

Spin Palace Sports Available Kuwait Banking Methods

Unibet Available Kuwait  Banking Methods

Go!

bet365 Kuwait Available Banking Methods

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

Go!

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.  

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.  Although at present paysafecards are not available for sale in Kuwait, nearby Dammam in Kuwait offers many retail locations that sell the cards.  You may combine up to ten cards for payments up to $1,000 or equivalent currency.  

If you want to transfer funds from your bank account directly from Kuwait 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 Kuwait.  Unless of course your bank is located outside of Kuwait.  If it is in Kuwait, 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.

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.  Both Skrill and Neteller are available for use from Kuwait.