To get started betting on sports online, you’ll need to be able to deposit and then withdraw your funds.  Below I discuss the most accepted banking methods that allow you to transact with your sportsbook of choice from Bangladesh.  Each of the six betting sites that I list actually offers many more different methods than those listed below.  However, many of those unlisted methods have decided not to offer their transaction services to Bangladeshi customers.  For example, PayPal while a very popular online e-wallet provider, Paypal only allows customers from a select few countries to transact with sports betting providers and Bangladesh is not included.

In order to maintain your privacy, it is probably best that you choose a banking method that acts as an intermediate layer between the offshore sportsbook and your actual funding source.  In this case, your actual funding source would likely be a bank account or credit card based in Bangladesh.  While you can use these directly with the betting site, your payment or transfer using these banking methods would create a record of dealing directly with a sportsbook company, which you may want to avoid for your own anonymity.  

There is currently no impending issue in using these methods, nor any warning that the card companies or banks would share this information with authorities.  Despite this, you may prefer to act on the safe side of things.  When you use an intermediary solution like an E-wallet, prepaid card solution or voucher solution, you will not create a record with your Bangladeshi-based banking institution of dealing directly with a sports betting service provider.  Your record of transaction with your Bangladeshi bank or credit card will only show that you dealt with your e-wallet account or bought a prepaid card or voucher solution.  As these solutions are used for many different uses, not just sports betting, they are the safest options for you.  As such, banking options like Skrill, Neteller, Entropay, Ukash and paysafecard are all likely the most appropriate ways to deposit or withdraw funds from your sportsbook account from Bangladesh.

Credit cards, debit cards and prepaid credit card 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.

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.  Entropay is available in Bangladesh.

E-wallet solution providers

Skrill  and Neteller 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. Skrill 1-Tap lets you simply fund your sportsbook account using Skrill when using your mobile.

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 Bangladesh.  Ensure to select the same e-wallet account currency as your new sports betting account

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Payments Method Rate
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