The betting world is a big one- and the Philippines is no different from other countries in terms of the bookmaking industry. The future is here and rather than physically using money to put your stakes in sportspeople and sports teams, we have moved onto using credit cards and digital money transferring. In this article, Mightytips will be looking into credit card-using bookmakers in the Philippines and more to do with digital cash payment. Covered in this article will be each informative point that will ensure you’ll be more comfortable with this topic;

• Bookies in the Philippines
• Using, and obtaining a credit card
• Limits and precaution

All of the above will be covered at some point during this article, precisely and in-depth for extra understanding.

As described before, your responsibility determines how safe it is to actually use your credit card for betting and gambling. Overuse and a lack of understanding of how much money comes in and out of your card can be fatal. On the other hand, there are some other factors you should consider before using a credit card to bet. Services such as PayPal add an extra layer of security to your transactions, some betting services may not accept it though.

To combat irresponsible betting, some companies have instilled a limit to how much you can use on your account such as William Hill who offer several ideals to protect your account, prevent underage gambling, and making everything fair. But not everything is based on the bookmaker, you must take responsibility too.

Referring back to the first paragraph, if the observation of your card’s financial activity is consistent, you’ll be able to carefully manage your balance, making it safe. Suspicious transactions can always be reported to your bank and the police would be able to be involved to solve your problem- making it even safer in this scenario. The support of your bank will usually be swift and responsive, including phone calls with bank workers to have a chat about what you could do.

Established in 2017. Being fairly new, his bookmaker has scored a 7.8/10 on our reviews. The payment methods, of course, include credit cards. Eligible card payment methods include Mastercard, Maestro, Visa. It offers immediate deposit time meaning it will not waste your time. Withdrawal will take either 1 minute to seven days depending on which method you are using. The company operates in the Philippines.

Being one of the most common methods for people to deposit on bookmakers, there are some great options of betting sites that accept credit cards.

Your credit card will allow you to pay online from home, without having to go into a betting shop or bookmakers’ to give your money in for your selected matches and fixtures meaning less wasted time plus less hassle. As well as that, you would also be able to quickly withdraw any cashback you may have during fixtures if you sense something could go wrong- meaning the cash will return back to your account with no problems and little time wasted. You could also keep track of your spendings with your bank account, meaning you’ll be able to keep it under secure watch in case you begin overdoing it. If any accidents happen using your card, you can report it easily to your bank for legal action.

Usually there are no fees at betting sites with credit card payment options.

As for the disadvantages, if you aren’t careful, your interest rates could shoot up with excessive use of your card for betting and other gambling resources that require its use. Some banks are working to eliminate the use of credit cards to use with gambling- additional fees (like that of what you pay for using a paid ATM) are being instilled into cards if you are to use your card to deposit money into any gambling resource.

Another disadvantage may be that you could spend your savings without meaning to- most gambling problems come from relentless spending which will send you on a debt spiral.

The deposit speed with the usage of a credit card is often pretty quick. Thanks to credit cards we don’t need to leave the house to go to a Bookmakers’ and hand over cash.

With betting, there are definitely fees included which you should consider. Limits are also around to stop irresponsible betting and overspending on bets. In the table below you should find some quality information regarding the speed, fees and limits on the selected bookmakers that you could use.

Limits fees withdrawal times

Bookmaker	VISA	Credit card	Skrill	Bitcoin
	Min: $2 Max: N/A Time: instant	Min: $2 Max: N/A Time: instant	Min: $6 Max: N/A Time: instant	Min: $6 Max: N/A Time: instant
	Min: $10 Max: N/A Time: instant	Min: $10 Max: N/A Time: instant	Min: $10 Max: N/A Time: instant	Min: $10 Max: N/A Time: up to 24h
	Min: $1 Max: N/A Time: instant	Min: $1 Max: N/A Time: instant	Min: $1 Max: N/A Time: instant	Min: $1 Max: N/A Time: instant

Deposit Times, Fees & Limits

Betting Site	Deposit speed	Free	Limits Min/Max
1xbet	Instant		1.00 USD
22bet	Instant		1.00 USD
Melbet	Instant		1.00 USD

Withdrawal Times, Fees & Limits

Betting Site	Withdrawal speed	Free	Limits Min/Max
1xbet	between 1 minute and 7 days		1.50 USD
22bet	between 1 minute and 7 days		1.50 USD
Melbet	between 1 minute and 7 days		1.50 USD

• Skrill

  Skrill is one of the world’s largest payment processing systems online and is supported in many countries all over the world.

• Paypal

  PayPal doesn't really require a lot of introduction. Founded in 1998, PayPal has since become a juggernaut on online payments, which includes betting.

• Bitcoin

  Bitcoin is one of the most famous cryptocurrencies in the world.

This article fully explained how we view credit card usage for betting in the Philippines. A credit card can be an ideal way to ensure a secure, flexible, fast and innovative betting experience online. 22bet and Bet365 being two of the top bookies in the Philippines, it is recommended that you give those two a try.

Obtaining a card in the Philippines requires a good account balance and responsible maintenance of money in your savings account. Responsible betting is a must when it comes to using your card as you’re at risk of using your general savings, and going into debt. Bookmakers will integrate limiting into your accounts in order to combat this, meaning you are able to be stopped should you go overboard with betting.

To conclude this informative guide, we believe using your credit card relies partially on your responsibility and money handling as well as the security of bookmakers and the money transfer services.