Rapid Transfer sports betting guide – Fund your betting with Rapid Transfer
Last updated & tested: 2020-03-31
OUR TIP: Three reasons for Betway!
Welcome to our guide for betting with Rapid Transfer. We will let you know what Rapid Transfer is and why it offers you a great way to fund your sports bets. In addition to this, we will explain the steps you need to take to start betting with Rapid Transfer, and show you some quality bookmakers who facilitate this innovative payment option.
If you go to any decent sports betting site, then there is a good chance that you will see that they feature a broad range of payment options. Each payment method such as Visa, MasterCard, PayPal, Skrill, Neteller and Paysafecard all have their own advantages and disadvantages. Some payment options offer faster processing speeds, whilst others allow you more flexible deposit and withdrawal limits. So let’s take a detailed look at how Rapid Transfer aims to offer something a little different.
What is the Rapid Transfer payment method?
Rapid Transfer is a new payment method that was recently launched by Skrill. The basic premise of Rapid Transfer is that it allows its users to add money to a digital wallet from their bank account, and they can then pay for goods and services online without having to leave the merchant’s site.
Over the past few years we have seen a long line of new payment methods taken up by bookmakers. Following the likes of Neteller, Skrill, Paysafecard and Neosurf, Rapid Transfer is the latest payment method that allows you to add funds to an account for betting with a bookmaker.
Rapid Transfer was launched in 2016 and it has already been taken up by a wide range of sports betting sites, as well as over 170 banks across Europe. Most nations in Europe like the UK, France, Germany, Spain, the Netherlands and Italy now support Rapid Transfer technologies. Whilst a few countries like Ireland and Iceland have yet to join the Rapid Transfer revolution, it’s only a matter of time before they join the fray.
- Pay directly from your bank account in seconds
- Place deposits without leaving the bookmaker’s site
- Includes the security mechanisms of online banking
- Easily used to fund digital wallets such as Skrill and Neteller
- Accepted by over 170 banks
For sports betting, Rapid Transfer offers these advantages
Seeing as some big-name bookmakers have now starting accepting Rapid Transfer payments, it seem as though this payment method offers both the consumer and merchant some important benefits. Here are some of the main reasons as to why you should consider using Rapid Transfer.
Convenient and ultra-fast payments with Rapid Transfer
Rapid Transfer aims to combine both the convenience of online banking with a digital wallet system that provides much speedier transactions. You should be able to make Rapid Transfer payments via a computer, tablet or smartphone and there won’t be the need for endless log-ins.
This means that you can get a much faster way to place your sports bets without having to fuss around with passwords. Some brands like PayPal will require the user to have to visit the payment provider’s site in order to authorise the payment, but with Rapid Transfer, you can do it all in one place. So if you decided to make a deposit at a bookie’s site with Rapid Transfer, it should prove to be extremely convenient and you should see your funds land in your betting account within one business day.
Enjoy safe and secure Rapid Transfer sports betting
Rapid Transfer has already picked up a strong reputation for being one of the safest online payment methods around. This is because the payment brand enjoys all of the highest security protocols that you would get with your bank account.
Alongside the bank’s security standards, you will also be required to authenticate all payments with Rapid Transfer to make sure that only you can access your money. This helps to keep you perfectly safe from any attempts at fraud, and you should know that your banking details won’t be stored, and they will be completely encrypted by your banking provider.
In addition to this, all of your payments will be carried out through SSL secure technologies and they will even be Verisign protected. All of which should help to give you one of the safest ways to fund your sports betting.
How to enjoy Rapid Transfer sports betting
For adding funds for betting, Rapid Transfer is incredibly simple and should be easy enough for even the biggest technophobe. But just to help you out, here are some very basic steps to follow for using Rapid Transfer for your sports bets.
1. Find a bookie who accepts Rapid Transfer
Whilst Rapid Transfer is increasingly popular, there are some bookies who don’t take this payment method just yet. Take a look below to find one of our recommended Rapid Transfer bookmakers. Most betting sites with Rapid Transfer will usually feature the Rapid Transfer logo in the footer on their website alongside the other payment methods.
2. Pick the Rapid Transfer payment option
Once you have signed into your account at a bookmaker’s site, you will then need to head to the cashier section and then click on ‘deposit’. From here you will see a list of the preferred payment methods. Just tap on Rapid Transfer to start making your payment, and don’t forget to enter any bonus codes that could help you enjoy some extra betting money from any bookmaker sports betting bonuses.
3. Enter your login credentials
Now you will be asked for your login details. These will be the same credentials that you use to login and confirm any standard bank transfers that you would ordinarily make. You might also need to enter in some extra security details like one-time passwords.
4. Submit your payment
Once you have done all of this, then you can click submit to finish off the payment request. After the bank transfer via Rapid Transfer has been approved, you should see the funds credited virtually instantly to your betting account. Now all you need to do is to place your sports bets and see what you could win.
Which bookmakers allow betting with Rapid Transfer?
It’s clear that using Rapid Transfer to fund your sports bets offers many advantages over some rival payment methods. But as Rapid Transfer is a relatively new payment technology, it’s also evident that some sports betting sites haven’t gotten to grips with this online payment system just yet. Here’s a quick selection of some of our favourite bookmakers who will happily accept your Rapid Transfer payments.
MoPlay have only been in the scene since 2018, but this Gibraltar-based bookmaker have already earned a strong reputation for their innovative approach to sports betting. Rapid Transfer is just one of the many payment methods facilitated by MoPlay and it offers you a very safe and simple way to bet on this site’s comprehensive selection of sports odds.
You should be able to make your Rapid Transfer deposits at MoPlay from as little as £10, and the funds should land in your account virtually instantly. Don’t forget to check to see whether your Rapid Transfer deposits enable you to pick up the excellent MoPlay welcome bonus offer for new customers.
OUR TIP: Three reasons for Betway!
Everybody knows that Betway are one of Europe’s top sportsbooks, and it’s great to see that they have joined in the Rapid Transfer revolution. This means that you have the perfect way to quickly and easily fund your bets for Betway’s excellent odds for everything from football and horse racing, to tennis and esports.
Like MoPlay, Betway allow customers to make deposits from upwards of £10. However, it’s worth mentioning the fact that payments made with Rapid Transfer might not enable you to qualify for the Betway welcome bonus. This is because the brand’s sign up offer is only open to those who make their first deposits with credit cards, debit cards and the PayPal payment method.
OUR TIP: Three reasons for Novibet!
You might not be too familiar with the Novibet brand-name, but this sportsbook have come a long way in a short amount of time. The brand feature most of the common payment methods like Visa, MasterCard, Paysafecard, Skrill, Neteller and PayPal, and have also seized the initiative to allow customers to make Rapid Transfer deposits.
Novibet don’t mention anything about their minimum deposit limits. But as you can’t claim their welcome bonus with payment methods such as Skrill, Neteller and Paysafecard, there’s a chance that your first deposit might have to be with a card rather than Rapid Transfer if you wish to get the Novibet sign up offer.
OUR TIP: Three reasons for 888!
888sport are easily one of Europe’s biggest sports betting brands, and they have taken the commendable step of allowing you to make Rapid Transfer deposits. At the moment it looks like you should be able to make Rapid Transfer payments from just £10 at the 888sport site.
However, we should mention the fact that the 888sport welcome bonus has some restrictions on the payment methods that you can use to make your qualifying deposit. You can’t claim the 888sport sign up offer with a Skrill payment, and seeing as Skrill is Rapid Transfer’s parent company, there’s a good chance that Rapid Transfer payments might not help you get the 888sport welcome bonus.
Bet365 have come from nowhere to become one of the biggest sports betting sites in the UK. The brand have earned a great reputation for everything from their betting odds to their customer service team. Seeing as they now take payments from Rapid Transfer, it means that you have another reason to see what Bet365 is all about.
You can make deposits at Bet365 with amounts varying between £5 and £10, and we’d suggest that the same would apply for Real Transfer payments. But in regards to the Bet365 welcome bonus, we would recommend that you take a note of the following terms and conditions.
New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
What are the disadvantages of making bets with Rapid Transfer?
We’ve given you some pretty good reasons why you might want to use Rapid Transfer as a payment method to fund your sports bets. But there are a couple of reasons as to why you might want to use an alternative payment method.
Firstly, Rapid Transfer has yet to be taken up by many sports betting sites. As a result, it means that you would enjoy less choice of betting odds if you had your heart set on using Rapid Transfer. Secondly, it looks like making withdrawals via Rapid Transfer is yet to be a feature in many areas of sports betting, so you may have to rely on alternative payment methods once more.
What alternatives are there to Rapid Transfer sports betting?
Credit cards and debit cards
Most sports betting fans enjoy using credit and debit card brands like Visa, MasterCard and Maestro to fund their sports bets. These payment methods offer the highest levels of security and you should enjoy quick deposits too. The only issue is that payouts to debit cards might be slow, and obviously you can’t withdraw to credit cards.
Neteller, Skrill and PayPal are some of the biggest e-wallets available for use in sports betting. These offer lightning-fast deposits and withdrawals, and a good amount of security too. Just remember that your e-wallet deposits might not help you qualify for any welcome bonuses.
Prepaid cards and more
From prepaid cards like Paysafecard to cryptocurrencies like Bitcoin, there is lots of choice for funding your sports bets. All have pros and cons relating to limits and processing times, but it shows that you should be able to enjoy plenty of flexibility when you decide to bet on your favourite sport.