Online Betting Sites Payment Methods- Accepted Banking Methods in Kenyan Betting Sites

What are the best online betting payment methods on Kenyan betting sites? In this guide, we will discuss the safest and most convenient banking options which you can use to fund your account. Fortunately, our top sportsbooks that Accept Kenyan players offer an impressive selection of payment options. Hence, you can choose your preferred method. These betting payment methods range from mobile payments, e-wallets, and debit cards. If you prefer using cryptocurrencies, several football betting sites accept Bitcoin and Ethereum. Let’s get started!

Mpesa is the leading mobile payment option in Kenya and is supported by several Kenyan betting sites. With top betting sites such as Mozzartbet Kenya offering this banking option, Mpesa supports instant deposits and withdrawals. To ensure maximum security, Mpesa betting sites do not require you to share your banking details. You only need to have an active Safaricom line and the sportsbook’s paybill number. Notably, you can make you fund your account online, which protects you from online fraud. Better yet, deposit charges are considerably low while your withdrawals are free-of-charge

Betting Sites that Accept Mpesa

• 22Bet
• Mozzartbet
• BetObet
• Melbe

Pros

• Instantaneous deposits
• Low transaction cost
• Supports offline transactions
• Accepted in many Kenyan betting sites

Cons

• Some online sportsbooks do have Mpesa
• There are transaction limits

PayPal Deposit Methods

PayPal is another renowned e-wallet online betting payment method. Thanks to the partnership of PayPal and Mpesa, you can easily transfer funds from your PayPal account to your Mpesa, and vice versa, in minutes. Better yet, your Paypal deposit to your betting account is processed immediately, and withdrawals are also fast. To ensure the safety of your funds, PayPal has implemented stringent safety measures, including SSL encryptions. Moreover, you have the option to set up two-factor authentication. While Paypal is not available on all betting sites, it comes in handy when you get betting sites that accept PayPal deposits. In terms of transaction charges, PayPal deducts a percentage from each transaction you make, but it is relatively lower.

The Best PayPal Betting Sites

• Melbet

Pros

• Instant deposits and withdrawals
• Easy to use
•  Most secure online payment methods
• You don’t share your banking details with the betting site

Cons

• Not accepted on any online betting sites
• Not the best for huge transactions due to the maximum limitations

Neteller Deposit Methods

Although not as popular as PayPal and Skrill, Neteller is another reliable e-wallet betting payment method. Your deposits are processed instantly, and withdrawals are also fast. The financial service provider is owned by the Paysafe Group, which is a renowned company in the industry. As such, Neteller is highly acceptable on many betting sites, and fortunately, Kenyan betting sites do not charge you any fee when using Neteller. Nevertheless, if you are looking to claim the first welcome bonus, it is important to confirm that this payment method qualifies for the offer. Usually, many betting sites often limit e-wallets deposits, including Neteller, from claiming the first welcome bonus. This is because, with Neteller, you don’t share your banking or personal details, which makes it hard to verify your identity.

Our Recommended Neteller Betting Sites:

• Melbet
• 22Bet
• Melbet

Pros

• Fast deposits and withdrawals
• Low transaction costs
• Easy to use

Cons

• Restricted from claiming welcome bonuses
• Not accepted in many Kenyan betting sites

Visa Online Betting Payments

When it comes to card payments, Visa and Mastercard are the most accepted in Kenya. Visa is often supported by a high number of banks, including Equity Bank, Co-Operative Bank, and NIC Bank, among others. Moreover, Kenyan banks are not highly restrictive to betting activities, and you will not have an issue funding your betting account using Visa. Most Visa betting sites are regulated by the Betting Control and Licensing Board of Kenya (BCLB). As such, they have to adhere to stringent rules to ensure that all the users’ data is kept. Another incredible aspect of using Visa is that it offers higher transaction limits than e-wallets and mobile payment options. Therefore, Visa is a recommendable option for high rollers.

The Best Visa Betting Sites

• Mozzartbet
• Melbet
• BetoBet
• 22Bet

Pros

• Accepted in many betting sites
• Safe and highly secure transactions
• High transaction limits
• Deposits are processed instantly

Cons

• You have to share your card details with the betting sites
• There are transaction charges

Mastercard Online Betting Payment Method

Like Visa, Mastercard is another incredible card payment option that offers the most secure online transactions. With Mastercard, you can fund your betting account within minutes, but withdrawals often take up to 3 working days. Since you will be required to share your card details with the betting site, we would highly recommend that you only sign up for and legal and licensed sportsbook. We have compiled for you a list of the bet Mastercard betting sites in Kenya.

Top Kenyan Betting Sites that Accept Mastercard

• Melbet
• BetWiner
• 22Bet
• BetoBet

Pros

• Top security of personal and banking details
• Instant deposit
• Accepted in many Kenyan sportsbooks
• Best for huge amount transactions

Cons

• You will be required to share your card details with the betting site
• There are transactions charges

Bitcoin Deposit Method

As it is with the rest of Africa, Kenya is starting to accept the use of cryptocurrencies as a payment method. I personally believe that most Kenyan punters are familiar with Bitcoin trading but not actually using it as a banking option. However, as long as you have Bitcoins in your wallet, you can easily use them to fund your account. One of the reasons Bitcoin is preferred as a betting payment method is that you can transact anonymously. Moreover, the transaction fees are relatively low.

Top Bitcoin Betting Sites in Kenya

• Bet365
• Melbet
• Betwinner
• Mozzart Bet

Pros

• Huge transaction limits
• Anonymity
• Swift deposits and withdrawals

Cons

• Highly volatile market
• Accepted in a few Kenyan betting sites

Bank Transfer Payment Option

Bank transfer or Direct wire transfer is one of the oldest payment options that were most prevalent before introducing online banking options such as E-wallet. Nonetheless, it is still a favourite among reserved punters who are a bit sceptical about the security of online payments. Luckily, banks are among the most secure financial institutions, making bank transfer transactions safe. On the downside, these transactions take the longest processing time. For example, bank transfer deposits take up to 3 working days to reflect in your account. On the other hand, withdrawals can take up to 5 working days. Hence this may not be the most convenient since some alternative banking options, such as Skrill and Mpesa, whose transactions are instant.

Top Bank Transfer Payment Methods

• Bet365
• Melbet
• BetWinner
• Mozzart Bet

Pros

• Most secure banking option
• Supports huge transaction limits
• Accepted in many betting sites

Cons

• Transactions take the longest, going up to 5 days
• You have to share your banking details with online betting sites

From our reviews of top Kenyan betting sites such as the Mozzart review, these sites offer a wide range of banking options. Hence these come in handy since you have the flexibility of choosing which works for you. However, some banking options offer better convenience than others. When selecting a payment method, there are several factors that you should consider. In this section, we will breakdown some of the aspects to keep in mind before settling down on a specific banking method

Convenience

Convenience is one of the aspects that you should consider when looking for a payment method. In Kenya, the most convenient payment methods are mobile payment options. With Mpesa and Airtel Money, you can easily fund your account while on the go directly from your phone. Moreover, you don’t have to be connected to the internet to fund your account. As long as you have the betting site’s Mpesa Paybill/Till Number, you can transact offline, and the deposit amount will reflect in your account immediately.

Transaction Time

Transaction time is another factor to consider since different banking methods have varying processing times. If instant deposits and withdrawals are on top of your radar, then choosing to use bank transfer will disappoint you. You will be better off using Mpesa, Airtel Money, or E-wallets for fast deposits. If you are transacting massive amounts, using Visa, Mastercard, and Bank Transfer may be the best options at 22Bet or Moazzart bet cashout since they have higher transaction limits. In these cases, the transaction time may be worth bearing with.

Safety

With the numerous online identity theft, most users’ safety and privacy are the top concerns. Before we get to the safety of the online payment methods, the first step to protect yourself by registering at licensed betting sites. Legal betting sites in Kenya only support safe banking options. All the payments we have discussed in this guide are safe, and you and use them without worrying about unauthorized personnel accessing your data. Some of the measures that these providers have implemented include SSL encryptions and firewalls. In addition, there are other steps that you can take to ensure that your data is safe. These include setting up two-factor authentication and changing your passwords regularly.

Bonuses

The best thing about online betting sites is that you can take advantage of tons of bonuses. These promotional offers range from welcome bonuses, deposit offers, and free bets. With the additional funds, you get to explore more betting options. However, some payment options are often restricted from claiming, which can be disappointing. Mostly e-wallets such as Skrill, PayPal, and Neteller are restricted from welcome bonuses. If these are your preferred payment options, it is essential to check the terms and conditions of your preferred betting site before making a deposit.

Convenience, security, bonuses are among the top-tier factors that I am certain can impact your overall gambling experience. Therefore, I would recommend you go through them and evaluate the aspects that matter the most to you. Then check the Kenyan betting sites we have recommended and determine which ticks most of your checklist.

Since we already slightly touched on the bonus aspect, we might as well expound on the common bonuses you can find at top betting sites in Kenya. While there are no Kenyan betting sites that have specific bonuses based on the payment method, you can still explore all the bonuses available on the websites

Welcome Bonus

Sign-up offers are the most common bonuses at online betting sites. These are only available to new bettors, and they tend to be the most lucrative. The welcome offer can come in the form of a matched deposit bonus of free cash. With the additional funds, you get to explore the new website, and you get to place more bets which can increase your chances of winning. However, as earlier mentioned, online betting payment methods such as Skrill and Neteller are often restricted from claiming the first welcome bonus. To avoid inconveniences, it is important to read the terms and conditions of a sportsbook offer before claiming it.

Deposit Bonuses

These bonuses are often tailored for both new and existing players. Usually, you will receive a percentage of the amount you deposit. For example, with a 100% deposit offer, a Ksh100 deposit will reward you an extra Ksh 100. Hence you will have a total of Ksh200 to wager with. Other common deposit offers are fixed deposit bonuses where you only need to meet the required minimum deposit, and the bonus will be credited to your account.

Free Bets

Free cash is another popular betting bonus where the amount of free cash varies depending on the sportsbook. Basically, this can range from KSH 10 to KSH 1000. To claim this offer, you will be required to sign up and make the required minimum deposit.

VIP Bonuses

Top sportsbooks in Kenya have a VIP program that is aimed at rewarding existing loyal customers. Usually, this program has several tiers which are based on accumulated points. Every wager you place adds to the total points, and the many points you accumulate, the higher you progress in the VIP hierarchy. Some of the common VIP bonuses include free bets or cashback. However, bettors in the higher levels receive better bonuses and services, including personal account managers.

Refer a Friend

This may not be the most lucrative offer, but if you only need to refer your friends to use the betting site. Once they register and make their first deposit, you can be awarded a fixed bonus or a freebie.

Fast payouts is one of the aspects that most online bettors consider before signing up to betting sites. You can access this payout rate by reviewing the available betting payment methods. For instance, Mpesa and Airtel Money are the best for fast payouts. However, you cannot rule out e-wallets such as Skill and PayPal. Nonetheless, while a sportsbook can support these banking options, other internal factors could affect the payout rate.

Essential when you request a withdrawal, you funds are placed under review to give time for the management to verify your identity and the authenticity of the transaction. They also have to ensure that all the terms and conditions are met before processing your money. Usually, if you had claimed a bonus, they have to ensure that all the wagering requirements that been complied with. This review processing time varies depending on the sportsbook, and this can range from a few hours up to 48 hours.

Some of the top Kenyan betting sites with fast payout include;

• Melbet
• 22Bet
• BetWinner
• Mozzart Bet
• Bet365

Majority of Kenyan punters bet on mobile devices. Thus, the accessibility of convenient banking options is a main consideration. Fortunately, with the betting sites recommended on this site, the mobile deposit and withdrawal process is seamless. Basically, you will find the same banking options as those available to desktop users. Moreover, the transaction process and time remain the same regardless of whether you are using your mobile phone or desktop.

Betting sites with a downloadable mobile app such as 22Bet make it easy to fund your account on mobile since the apps are more optimized than the mobile sites. Moreover, sportsbooks with Mpesa and Airtel Money are more convenient since you can fund your account offline. Nonetheless, I would recommend testing both mobile and desktop and see which one works best.