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ApplePay is a popular payment method that can be used to pay for goods and receive payments for transactions instantly. The popularity of ApplePay has made it a popular choice for sports betting sites, with thousands of wagered amounts paid using ApplePay every month.
What is Apple Pay?
Apple Pay is a mobile payment system that allows you to pay for things in-store with your iPhone or Apple Watch. It works by letting you hold your device near a reader with your finger on Touch ID. The retailer will see your name and details, but they’ll only get a one-time encrypted number that can’t be used again.
Its success has led to it becoming popular enough around the world for bookmakers to accept it as a viable, quick and secure form of payment.
Is it legal to use Apple Pay on betting sites with Apple Pay?
Absolutely. Apple Pay is an Apple service that only adds to the convenience of Apple product users. There is no real reason to make it illegal. The only thing we would advise when choosing a sportsbook is to make sure you consider all their pros and cons, including the mode of payment.
Can you deposit and withdraw with Apple Pay?
If you find a sportsbook that accepts deposits via Apple Pay, the transaction will be quick and easy. All you need to do is go to the Cashier page of the betting site and select Apple Pay from all available deposit options. Next, enter the amount of money you’d like to upload to your sportsbook account and select “Apple Pay.” Confirm by using Touch ID or Face ID on your compatible device.
In bad news for punters, however, Apple Pay can only be used to deposit funds at virtual sportsbooks. This means that when it comes time to withdraw winnings, punters will have to look for an alternative payment method.
Apple Pay Fees for Betting Sites
The Wallet app on Apple devices enables users to add only their credit and debit cards, not their bank accounts. For Apple users residing in the US, there is an additional card called Apple Pay Cash, where they can store the money they receive.
You will not incur any fees when you fund the Apple Pay Cash card via a debit card. However, if you choose to fund the transfer with your credit card, you will have to pay a fee of 3%. In addition, sending or receiving money via Apple Pay is free of charge.
Apple Pay Cash card acts as a virtual debit card. It is issued by a banking institution and allows you to pay for goods and services via various apps and websites using the money you have received on your Apple Pay Cash card. With your virtual debit card by Apple Pay, you can send up to $3,000 per single transaction and a maximum of $10,000 per week.
Pros and Cons of using Apple Pay at Betting sites
Pros:
- Simplicity – One of the best advantages of using Apple Pay to deposit money into your sportsbook account is its simplicity. You can add funds by scanning your fingerprint or face, and you can initiate the payment in just a few seconds.
- Security – Apple Pay offers several advantages over other forms of payment, including security and privacy. Apple Pay does not store your credit/debit card information on your device, so if you use it to make purchases, that information will not be shared with a third-party company. This keeps your details safe from prying eyes and gives you peace of mind.
Cons:
- Newness – One drawback of Apple Pay is that it is fairly new to the market. As a result, many virtual bookmakers do not yet accept payments via Apple Pay.
- Withdrawal – As we mentioned earlier, not being able to make withdrawals from your sportsbook account acts as a major disadvantage.
Best Betting Sites with Apple Pay in Canada:
William Hill:
William Hill is a global brand in the gambling and sports betting industry. With amazing sign-up offers and a smooth interface to use, they’ve made strides to ensure their gambling experience is world-class. Part of that experience was ensuring convenience was a strength. As such, it's no surprise to see that William Hill has Apple Pay as a form of deposit method.
888Sport
These aren’t your regular new kids on the block. 888Sport is a world-class sportsbook that has great markets and offers for the markets. Check out their sign-up offers and welcome bonuses to see for yourself. But, they also are up-to-date and have made strides to ensure the convenience they offer is top-notch. 888Sport offer Apple Pay as a payment method as well. Just double-check to be sure, and you’ll be in safe hands.
Deposits and Withdrawals:
and much more