How To Deposit Money Into Offshore Gambling Sites – The Best Gambling Banking Methods For 2022

Banking Deposit Icon

Online betting at offshore gambling sites is legal and safe, but none of that actually matters if you don’t have a reliable way to move money into and out of your site of choice. Fortunately, all the top operators are keenly aware of this, which is why they’re keen to offer their members a selection of the best and most efficient online bet funding options available. Our brief guide teaches you how to deposit money into legit offshore betting sites and provides you the Cliffs Notes version of each popular payment method. So spend less time banking and more time making bank!  

Offshore Gambling Sites With The Best USA Banking Options In 2023

LogoSite NameBonusRatingUSAVisit Site
Offshore Casinos
Bovada LogoBovada Casino100% Max $3,0005 Star RatingUSA Accepted CheckPLAY NOWReview
Slotslv LogoSlotslv Casino100% Max $5,0005 Star RatingUSA Accepted CheckPLAY NOWReview
Cafe LogoCafe Casino500% Max $5,0004.5 StarsUSA Accepted CheckPLAY NOWReview
Offshore Sportsbooks
Bovada LogoBovada Sportsbook50% Max $1,0005 Star RatingUSA Accepted CheckPLAY NOWReview
Betus LogoBetus Sportsbook100% Max $2,5005 Star RatingUSA Accepted CheckPLAY NOWReview
MyBookie LogoMyBookie Sportsbook100% Max $1,0005 Star RatingUSA Accepted CheckPLAY NOWReview
BetOnline LogoBetOnline Sportsbook100% Max $1,0004.5 StarsUSA Accepted CheckPLAY NOWReview
Offshore Poker Sites
Bovada LogoBovada Poker100% Max $5005 Star RatingUSA Accepted CheckPLAY NOW
BetOnline LogoBetOnline Poker100% Max $1,0004.5 StarsUSA Accepted CheckPLAY NOW

Legal Offshore Gambling Deposit Methods

Credit Cards Inside A WalletEach legitimate online gambling site – whether it’s a legal offshore casino, legal offshore sportsbook, or legal offshore poker room – accepts a variety of common and less common payment methods.

These selections differ from site to site, but some options – such as Visa gambling deposits and Bitcoin gambling deposits – are universal among all reputable operators. Other options – i.e. MatchPay and gambling vouchers – are available only at select venues.

For a general overview of each banking method, keep reading!

Note: To learn more about the specific methods supported by each site, check out our offshore casino reviews and offshore sportsbook reviews. For specific instructions on how to make online gambling deposits using your preferred banking option, each method linked below features a step-by-step guide.   

Offshore Gambling With Credit + Debit Cards

In 2023, old-school electronic banking options still reign supreme. It’s hard to imagine a world without credit cards and debit cards, and – when it comes to offshore gambling – we’re definitely not there yet. Every major site accepts Visa and Mastercard, while some also support AmEx and Discover.

In general, these are the credit/debit gambling options you’ll usually find online:

  • Visa Gambling
  • Mastercard Gambling
  • American Express Gambling
  • Discover Gambling
  • Debit Card Gambling
  • Gift Card Gambling

Credit/Debit Gambling Speeds And Fees

Payout speed iconIn 2023, old-school electronic banking options still reign supreme. It’s hard to imagine a world without credit cards and debit cards, and – when it comes to offshore gambling – we’re definitely not there yet. Every major site accepts Visa and Mastercard, while some also support AmEx and Discover.

In general, these are the credit/debit gambling options you’ll usually find online:

  • Visa Gambling
  • Mastercard Gambling
  • American Express Gambling
  • Discover Gambling
  • Debit Card Gambling
  • Gift Card Gambling

Offshore Gambling With Bitcoin/Cryptocurrency

Despite the fact that credit/debit remains the first choice for most offshore gamblers, the advent of cryptocurrency – and with it, Bitcoin gambling and altcoin betting – has been a huge gamechanger. The benefits of crypto gambling include rapid deposits with no added fees, better bonuses, and – most importantly of all – same-day payouts when you win.

Not all sites accept the same menu of crypto coins, but you’ll generally have access to the following:

  1. Bitcoin (BTC)
  2. Bitcoin Cash (BCH)
  3. Bitcoin SV (BSV)
  4. Ripple (XRP)
  5. Ethereum (ETH)
  6. Litecoin (LTC)
  7. Shiba Inu (SHIB)
  8. Solana (SOL)
  9. Stellar (XLM)
  10. Tether (USDT)
  11. USD Coin (USDC)
  12. Cardano (ADA)
  13. Avalanche (AVAX)
  14. Binance Coin (BNB)
  15. Dogecoin (DOGE)
  16. Chainlink (LINK)
  17. Polygon (MATIC)
  18. ApeCoin (APE)

Pro-Tip: Consult crypto price charts and current valuations to choose the best coin for any given gambling deposit. Most sites allow you to credit your crypto deposit in USD or mBTC (milliBitcoin), though some let you gamble with the coin of your choice. Remember that different coins have different blockchain fees and different transfer times over which your betting site has no control.

Offshore Gambling With P2P Apps + eWallets

The newest way to deposit is via offshore gambling vouchers or the third-party MatchPay service. These options are available only at select sites (i.e. Bovada, Cafe Casino, Slots LV), but they allow members to utilize otherwise unsupported methods – such as PayPal and Apple Cash – to fund their online betting bankrolls.

Typically, betting vouchers all for all popular P2P apps and e-Wallets, while MatchPay is limited to the major P2P apps only.

  • PayPal Gambling (P2P)
  • Venmo Gambling (P2P)
    Cash App Gambling (P2P)
  • Zelle Gambling (P2P)
  • Square Gambling (P2P)
  • Apple Pay/Apple Cash Gambling (eWallet)
  • Google Pay/G Pay Gambling (eWallet)
  • Samsung Pay Gambling (eWallet)

Pro-Tip: You should only use vouchers or MatchPay if you have a particular need to bet with P2P or e-Wallet instant pay services. In some cases, P2P/eWallet deposits and withdrawals can be completed the same day you request them, but they typically take 24-48 hours to clear. There are no added fees for vouchers or MatchPay transfers.

Offshore Gambling With Other Banking Options

If you don’t want to use any of the above options to fund your online betting at legit offshore betting sites, most operators still accept more traditional options, including the following:

  • Cashier’s Checks
  • Bank Wires
  • Money Orders
  • Retail Money Transfers

Warning: Because these methods all take several days to transfer and come with larger fees than other options, we recommend them only for those gamblers who truly can’t use credit, debit, crypto, P2P apps, or eWallet instant-pay transactions. Nevertheless, these methods – like all legit funding options – are safe, secure, and guaranteed.   

Legal Offshore Gambling Payout Methods

As with deposits, online gambling payouts come in all varieties. That said, gaming sites generally have fewer payout options than deposit options, and credit/debit chargebacks are no longer used in the industry.

For most players, same-day payouts are the top option, and these are only available via cryptocurrency withdrawals. Players who haven’t yet embraced crypto or who simply wish to receive more traditional payouts via check, bank wire, or money order, are also accommodated.

Please note that all payout methods except Bitcoin/crypto come with added fees and multi-day wait times.

credit cards
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Offshore Gambling Bonuses And Promotions

Bonus iconIf you’re having trouble choosing one site or another (they’re all pretty good, after all!), one of the main deciding factors is going to be each venue’s online gambling bonuses. Betting promos are available at every site, with sign-up bonuses being the biggest and most valuable.

Most sites also offer account reload bonuses to existing members, along with refer-a-friend bonuses, specific game or sport bonuses, tournament bonuses, and more.

You can always find the most up-to-date bonuses and online betting bonus codes by visiting the “Promotions” section at your site of choice or by checking out our individual offshore gambling site reviews.

Note: All offshore gambling bonuses come with playthrough requirements (aka rollover requirements) that must be met before you can withdraw any associated winnings. Since these are generally player-friendly and easy to meet – and since there’s no added risk when accepting any online gambling promotion – we recommend that most players accept such perks when offered.

Offshore Gambling Banking FAQs

How do online gambling deposits work?

To learn how to deposit money for online gambling, we recommend checking out the specific instructions we’ve included on each of our dedicated banking method pages.

Generally, though, the process is simple, and it works like any other online payment procedure. For example, you already know how to use a credit or debit card online, and it’s not much more involved to make crypto transactions.

That said, for more traditional bet funding options like bank wires, checks, and money orders, you may have to physically visit your bank or post office to transfer your payment.

How do online gambling payouts work?

For the most part, payouts work just like deposits, only in reverse.

The sole caveat is that legit gambling sites no longer use credit card chargebacks, debit card chargebacks, or gift card chargebacks to pay out winnings.

Which offshore betting sites can I trust with my financial information?

Every single one of the legit online casinos, legit online sportsbooks, and legit online poker rooms we recommend have been fully vetted to offer total customer privacy and enhanced anonymity.

No reputable online gaming venue ever shares or sells its members’ personal or financial information.

Do I need to worry about currency conversion at offshore gambling sites?

Only if you want to. All currency conversions at offshore betting sites are handled automatically whenever you submit a deposit or claim a payout.

Most sites default to converting all deposits – including Bitcoin/crypto deposits – to USD. However, you can also choose to have crypto deposits credited to your account as mBTC (aka milliBitcoin) or – in some cases – as the very altcoin with which you’ve deposited.

However, you cannot deposit using credit/debit, bank wires, or money orders and then have your gambling operator apply that USD to your betting wallet as cryptocurrency.

As an added perk, all the best sites finally allow their members to claim payouts using any available option regardless of the deposit method employed.

For example, you now can deposit via credit in USD and claim Bitcoin payouts or other crypto payouts!

What banks allow online gambling?

All national and regional US banks “allow” online gambling in the sense that you don’t have to worry about these banks barring your access to the pastime.

We’ve never heard of any United States-based bank actively disallowing their services from being used to fund legal offshore betting activities.

However, please remember that the bank card or transfer method you choose must be rated for international transactions.

Can banks block gambling transactions?

Yes. The UIGEA law passed in 2006 allows banks to block offshore gambling transactions, but this rarely happens.

In practice, you’ll find your Visa, Mastercard, American Express, and Discover card gambling transfers are interrupted by the UIGEA no more than about 5% of the time (if that).

It’s also important to remember that if your gambling deposit is declined, you’re not in trouble and have done nothing wrong. Just wait a few minutes and try again, or use an alternate payment method (i.e. crypto, vouchers, MatchPay, etc.).

Can my bank block gambling sites?

Only at your request. Card services and issuing banks will not actively block transactions to online offshore betting sites.

That said, the UIGEA law may sometimes cause your card-based transactions to be declined, which is why we usually recommend crypto instead of credit/debit.

Can I block my bank card from gambling sites?

Usually, yes. Most banks with modern card networks allow members to block specific sites.

If you wish to prevent a particular credit or debit card from being used to fund your offshore gambling account, contact your card’s customer service department or use an associated mobile app to add the gambling site in question to your service blacklist.

Do I need to pay taxes on offshore gambling winnings?

Yes. In the USA, gambling winnings are taxed (minus gambling losses).

Even though you’re participating in legal offshore gambling and not domestic US-based gambling activities, you still need to accurately report your wins and losses when paying your income taxes.  

Are bank statements proof of gambling losses?

Yes and no. And, unfortunately, this is largely random.

In America, the IRS isn’t always too keen on processing gambling-related documentation, especially when you’re using your losses to offset any gambling-related gains.

Federally, gamblers are allowed to deduct any gambling losses up to the amount of their gambling winnings, being taxed only on winnings in excess of those losses.

Also remember that state income tax laws differ from state-to-state, so be sure to check with your local tax collector’s rules and regulations to ensure that Uncle Sam gets his full cut.

Note: We are gambling enthusiasts and industry professionals, but we’re not lawyers. Nothing in the above should be considered to constitute actual legal advice.