Understanding the best payment methods is a key part of choosing the right casino or sportsbook site. After all, what’s the point in registering if you can’t get your money in and out quickly, securely and consistently?
You’re about to discover the best payment methods for sports betting and and best payment methods for casinos in New Jersey too. We’ll teach you a little about each option, as well as explaining exactly how we review them, helping you to make the right decision.
Full List of Payment Methods for Online Betting and Online Casinos in New Jersey
Before we dive into the details, let’s quickly run through our full list of recommended payment methods for sports betting and casinos. We’ll reveal our detailed selection process shortly. But for now, you can trust us when we say that each one is safe and reliable.
- PayPal
- Apple Pay
- Visa
- Mastercard
- PayNearMe
- Play+
- Skrill
- VIP Preferred
- Trustly
- Paysafecard
Although other payment options are available, we couldn’t possibly endorse them. Why not? Because they don’t check every box on our strict list of requirements.
How Do We Review Payment Methods for Betting and Casino?
Okay, now that you’re up to speed with the best payment methods, it’s time to learn exactly how we chose them. There are a number of important factors to consider and we’d never recommend something that didn’t satisfy every single condition.
Security
The most important thing to think about when choosing a payment method is, fairly obviously, security. You work hard for your money, so the last thing you need is some nefarious individual trying to steal it.
Some of that responsibility falls on the casino or sportsbook, and they should employ tools like SSL encryption and two-factor authentication to help protect you. However, the best payment methods feature multiple layers of their own safeguarding processes and technologies.
What’s more, transactions via these methods leave a trail. So if something does go wrong, the payment processor can recover your missing funds.
Ease of use
Convenience is high on everyone’s list of priorities, not just gamblers in New Jersey. Choosing fast payment options is one thing, but it’s just as important to select something that’s easy to use. Nobody wants to fill in long forms, click thousands of buttons or jump through unnecessary hoops just for a fun bet on the big game.
As well as being slick to use, the best deposit methods for casino and sportsbooks in New Jersey reduce friction in other ways. Fees, for example, are kept to an absolute minimum, if they’re applied at all. While the minimum and maximum deposit limits are always realistic and reasonable.
Speed of transaction
It almost goes without saying that the best payment methods complete transactions quickly. If you’re trying to bet right before the game starts, or if you’re watching and betting live, a payment delay could ruin your entire experience. Even if you have all the time in the world to wait, you simply shouldn’t have to. Time is money, and all of that.
When focusing specifically on withdrawal methods for casino and betting sites, speed is arguably the most crucial factor of all. If you’ve won something fair and square, you should be able to spend your profits as quickly as possible. There’s nothing more frustrating than having to wait for weeks to get your hands on your own cash.
Payment method bonuses
A consideration that’s often overlooked, but that we take seriously, is whether or not the gambling companies offer specific promotions for the payment method. You might not have noticed, but many casino and betting bonuses in New Jersey exclude certain deposit options in the terms and conditions.
There are several deposit methods for betting which are consistently barred from promotions throughout the Garden State, and indeed the world. That’s why we’ll never recommend them to you.
Availability of the method
It doesn’t really matter if betting and casino payment methods are secure and quick, if you can’t actually use them. First of all, they obviously have to be legal and available for use in New Jersey. But also, we look into exactly how many sites offer these payment methods as an option. The more, the merrier.
Still, even if it’s widely available at gambling sites in the Garden State, we have to think about other potential restrictions. For instance, all the best online casinos might accept a certain payment method. But if they all apply an unfairly high processing fee, we wouldn’t dream of recommending it.
Global brand
Finally, it’s important to choose a reputable payment processor with a proven track record. They might be extremely quick, widely accessible and easy to use. But if they’re constantly unavailable due to technical issues, or they simply can’t be trusted for whatever reason, it’s not worth the risk.
In this category, we’re looking for payment methods that boast a long history of success in multiple jurisdictions around the world. With a name like Mastercard, for example, you know you’re always in safe hands.
Payment Methods to Avoid in New Jersey
So far, we’ve discussed a number of trusted methods when it comes to making sportsbook and casino payments. What we’re yet to talk about, however, is the other side of the coin. There are definitely payment options out there which should be avoided at all costs.
Many gambling sites that target players in New Jersey are, quite simply, illegal. They’re almost always based offshore, without the requisite license to operate, and they usually facilitate payments with unregulated payment methods.
Cryptocurrencies like bitcoin, ethereum and tether are certainly legal to own in the United States. But no law-abiding and properly-licensed gambling site would ever use them, because there’s no federal legislation stating that cryptocurrency wagering is allowed.
It’s not just cryptocurrencies, though. Many payment methods are perfectly legal, but they don’t meet all of our necessary criteria. And if that’s the case, there’s no point in running the risk. Whatever your choice, make sure they’re legitimate, reputable and secure.
Best Betting New Jersey’s Top 3 Betting Payment Methods for New Jersey
In this section, we’ll discuss three examples that really do check all of the necessary boxes. These deposit and withdrawal methods for betting and casino sites are trusted by thousands of gamblers in New Jersey, every single day.
Paypal for Sports Betting and Paypal for Casinos
We’re pretty sure you’ve already heard of PayPal, given its size, history and reputation. You might not know, however, that it’s recently become one of the country’s best payment methods for sports bettors and casino players.
In the past, the company had a fractious relationship with the gambling industry. But in 2015, PayPal began working with legal operators in New Jersey. Since the repeal of the Professional and Amateur Sports Protection Act in 2018, this user-friendly platform has emerged as an industry leader, both in the Garden State and beyond.
Now accepted by every major gambling site, players are assured of security, thanks to various protection policies and strong anti-fraud measures.
Using Apple Pay for Betting and Casinos in NJ
Apple is as big of a name in the United States as anywhere else, with more than 60% of American smartphone users preferring the iPhone. That fact at least partially explains the rapid rise of Apple Pay as a trusted payment option at gambling sites in New Jersey.
Whether you prefer to pay with your phone, iPad or Apple Watch, this integrated payment option is quick and easy to use. It’s known to be reliable, too, meaning you can worry about your playing strategy, rather than your money.
Since Apple Pay doesn’t share your sensitive personal data with third-parties, including your casino or betting site, it’s extremely secure. Were your chosen gambling site ever to be compromised, there’s no way for a hacker to obtain those vital payment details.
Deposit and Withdraw with Play+ Sportsbooks and Casinos
Prepaid cards are a great way to fund your gambling activities, and there’s no better example than Play+. Think of it like a gift card. You load a fixed amount of credit and, when it’s gone, it’s gone, meaning you can’t spend any more than that figure.
That’s a useful attribute in terms of responsible gambling and bankroll management. But it also means you can’t lose much money in the event of a security breach at your favorite casino or sportsbook.
The major gambling sites have their own branded cards, too. This allows for instant payouts, since the Play+ is directly linked to your betting account. Simply head to the nearest ATM and walk away with your winnings in your hand.
How Do I Deposit at an Online Sportsbook or Online Casino?
Any gambling site worth its salt makes things as easy as possible for its users. So don’t get stressed about making your first deposit, because it’s extremely simple. Every casino and sportsbook is different, of course, but the process is always pretty similar.
If you’re really not sure what to do, simply follow the step-by-step guide below and you’ll be off and running in no time.
- 1
Create an Account
All licensed casino and betting sites in New Jersey require players to register an account. Check out our site reviews to choose the right one.
- 2
Log In
If you haven’t already done so, use your login credentials to access your sportsbook or casino account.
- 3
Load the Cashier
Every site has its own dedicated cashier page. It’s usually accessible from a link in the navigation menu or at the top of the page.
- 4
Choose your Method
There will be a long list of payment options to choose from if you’re using one of our recommended sites. Click on your favorite to continue.
- 5
Follow the Instructions
Every payment method is different, but you’ll always need to enter a deposit amount. Read and follow the remaining instructions carefully.
- 6
Wait a Moment
The system will need a little time to complete the transaction. You’ll rarely have to wait more than a couple of minutes at the most.
- 7
That’s it, it's Time to Play!
As soon as the deposit is complete, you’re all set to start playing your favorite casino games or placing sports bets. Good luck!
How Do I Withdraw from Sportsbooks and Casinos?
Making a withdrawal is just as easy as depositing, though the process will take slightly longer. Payout times vary depending on both the payment method involved, and your chosen site.
Regardless, here’s what you need to do in order to withdraw.
- 1
Log In
Enter your username and password, and login to the relevant casino.
- 2
Visit the Cashier
Just like depositing, you’ll need to visit the site’s cashier page.
- 3
Select a Method
Tap your desired payment method from the list of options.
- 4
Enter the Amount
Type in the figure you wish to withdraw from your account.
- 5
Confirm the Payment
Double check everything and confirm the transaction.
- 6
Wait for Approval
Security will review and eventually approve the payout.
- 7
Await the Funds
Once confirmed, the money is sent to your payment provider.
Conclusion
If you’re going to have the best possible experience, your choice of payment option is just as important as the gambling site used. There are plenty to pick from, so of course it can be confusing. But that's exactly why we created this guide to the best payment methods in New Jersey.
Ultimately, even with our expert advice, it’s still a personal matter. After all, everyone values different features in a payment method. But now you know the most important factors to consider, you’re much better placed to decide.
The right option for you comes down to whatever qualities you value the most. For some it’s speed and ease of use, but others prefer a reputable name. Whatever your personal preferences, our list of New Jersey’s best payment methods for casino and sportsbook sites has an option for you.
Every betting site and app is slightly different, but the process is broadly similar. Complete the necessary identity verification checks first, before visiting the cashier and following the instructions on your screen. You’ll be able to choose from a number of payment options, including those featured in this article.
Although it’s perfectly legal to use credit cards for gambling in New Jersey, many of the biggest banks refuse to process such payments. You cannot use Bank of America and Citi credit cards, for instance. Chase and Wells Fargo, however, do allow credit card betting payments.
No sites that are regulated by the New Jersey Division of Gaming Enforcement accept bitcoin, or indeed any type of cryptocurrency payments. With a lack of federal legislation on the use of cryptocurrency in gambling, casinos and bookies which are operating legally do not permit its use.
That depends. Some payment methods for casino and sports betting sites are much quicker than others. What’s more, each site has its own internal security processes that can affect a withdrawal time. On average, you can expect a card payment to take from three to five business days to complete.