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HongKongSportsBetting.com is part of a national network of sports betting review sites, which provide country-specific information to consumers about online sports betting.

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Hong Kong Sports Betting Site Banking Methods

You want to get started betting on sports or horses, but want to learn about the best services available to deposit and withdraw funds from your betting account.  I’ve outlined the kinds of banking methods below and the most accepted  methods within each category for service in Hong Kong.  You will see that the most popular methods are generally available across each of the betting sites.  If you are interested in understanding the transaction size limits for each method, these vary by company.  In other word the limit for Skrill will be different at each bookie.  I cover this on my page on high limit Hong Kong sports betting.  Given the laws in Hong Kong, you may want to use a banking provider that is not located in Hong Kong.  For this you may wish to use an e-Wallet provider or prepaid card or voucher solutions.

Credit Cards like Visa and MasterCard are accepted by every sportsbook in my list.  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.

Credit cards, debit cards and prepaid credit card solutions

E-wallet solution providers  and payment platforms

Bank debit and transfer solutions

BetOnline Available Hong Kong Banking Methods

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MarathonBet HKD Banking Methods

MarathonBet USD Banking Methods from Hong Kong

Bank Wire Transfers are available at most sportsbooks and in almost every country of the world for transfer to sportsbooks.  Wire transfers may take a little longer to settle as a transaction but this method generally allows for extremely high limits and is thus very good for high rollers.

Some betting sites also accept old-fashioned cheques.

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.  If you are looking to bet in the Hong Kong Dollar, Skrill and EcoPayz are your best choices, as they support HKD balances.

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 48 hours at most sportsbooks, sometimes, within 24 hours.  

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.  All of the above should be available for use in Hong Kong.

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.  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.  When you withdraw sportsbook funds to an Entropay card, you can then withdraw funds from the card at any participating ATM. Entropay is available in Hong Kong. Note that it is only available in GBP, EUR and USD and thus is best used if your betting account currency is also in these accounts.  If your account will be in HKD, use bank transfers, credit or debit cards or the HKD e-wallets noted below.

Cryptocurrencies

Note that all our listed betting sites for Hong Kong accept Bitcoin.  Note that usually, the betting site will accept the given cryptocurrency as payment and then deposit the exchanged amount into your given account balance.  In other words, you do not bet in the cryptocurrency.  However, site by site, the FIAT currency that cryptocurrency can be exchanged against can be limited to larger currencies like the USD or EURO.  Check this at your site of choice once you visit as they are always looking to add new currencies for use against cryptocurrencies.