Philippines Online Gambling Deposit Methods

Online gambling is a lucrative industry, both for the casinos hosting the action and the bettors that win big. Before cashing in on a huge jackpot, you have to ensure you can fund your account first. Not all deposit methods are accepted in the Philippines. This is due to certain Philippine gambling laws and how they apply to the financial sector. Filipino bettors are fortunate that they have more options available to them than many other countries. For example, the USA is quite strict on which methods work through approved offshore casinos.

In any case, it is important to know which options you have available to you before making an online gambling deposit. This page was created specifically for Philippines online gambling deposit methods and has information on which methods are available, any potential fees, limitations and more. Consider this page a resource covering all your betting deposit needs for Philippine legal online gambling sites.

What Types Of Deposit Limitations Are There?

These “limitations” are policies set out by the site you are using. All accepted deposit methods come with a minimum and maximum deposit amount. The range is wide enough to accommodate most types of bettors. Processing times vary based on the method you use, as well. For example, bank cards tend to take longer because verification is required from the backing financial institution, whereas cryptocurrencies process instantly (per their blockchain transaction times) because they are not a part of any centralized banking system. The same can be said about additional fees. Some methods charge a small percentage fee on deposits and withdrawals, while others don’t.

Legal Deposit Method Options For Philippine Players

The most popular deposit methods for Philippine bettors are:

  • Bitcoin
  • Altcoins (Bitcoin Cash, Litecoin, Cardano, Ethereum, etc.)
  • Credit Cards
  • Debit Cards
  • eWallets
  • Prepaid Cards
  • Gift Cards
  • Wire Transfers
  • Money Orders

You first need to have an open account with a gambling site before being eligible to make a deposit. Be sure to check for any available bonuses before submitting. If required, you must enter the corresponding promo code before finalizing your deposit. Promo codes can be found on the bonus page of the site. Not all bonuses require a code. You may make deposits using the Philippines peso currency (PHP) or other international fiat monies such as USD, CAD, EURO, or GBP, to name a few.

A lot of people use credit or debit cards because of their accessibility and ease of use. After all, most bettors have their cards right there at their disposal. Visa, Visa Electron, Mastercard (MaestroCard) and American Express are the most commonly accepted brands. The minimum deposit amount is usually lower with credit/debit cards than other methods. You may be looking at small percentage fees on deposits, typically in the 3-5% range.

If you use credit, debit, e-Wallet, or crypto, your funds should be available shortly after completing the deposit. The site may request additional documentation like your driver’s license, credit card statement, etc. This is used to confirm your identity. Bank wires and money orders can take 3-7 business days to transact.

Popular Credit Cards And Debit Cards For Gambling Online In The Philippines

These are the two most popular credit cards accepted as online payments at Filipino online gambling sites, but there are certainly others accepted.

Visa And Mastercard Credit Cards

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Fraud monitoring – Yes
  • Minimum deposit – 1295.88 PHP
  • Maximum deposit – 25917.50 PHP
  • Additional fees – Varies

Visa Electron and Mastercard Maestro Debit Cards

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Fraud monitoring – Yes
  • Minimum deposit – 1295.88 PHP
  • Maximum deposit – 25917.50 PHP
  • Additional fees – Varies

(These are similar to the traditional Visa and Mastercard debit cards, but they are the prepaid versions.)

Cryptocurrencies

Cryptocurrencies are becoming more and more popular within the online gambling community. Digital or alternative currencies (as they are also called) are decentralized currency forms developed exclusively for online use. Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Cardano are most commonly used for online gambling, though there are other options, too. You can purchase alternative currencies through online exchange services or through direct sellers.

Cryptocurrencies come with several advantages including no additional fees with deposits, the fastest overall processing times this side of credit/debit, and enhanced online gambling bonuses.

Crypto transactions are more anonymous than standard banking options because all you need to enter is the gambling site’s digital wallet address and the amount of Bitcoin/Litecoin/Ethereum/etc. you wish to send over. No personal information, like a billing address, is required.

Popular Cryptocurrencies For Gambling Online In The Philippines

Bitcoin (BTC)

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Digital Wallet
  • Fraud Monitoring – No (but transactions are protected)
  • Minimum deposit – 1036.20 PHP
  • Maximum deposit – 129529.00 PHP
  • Additional fees – No

Bitcoin is the crypto coin that started it all, and it’s still the top choice for online gamblers in the Philippines and worldwide. You can learn more about using BTC for online gambling from our page dedicated to Philippines Bitcoin gambling sites.

 Ethereum (ETH)

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Digital Wallet
  • Fraud Monitoring – No (but transactions are protected)
  • Minimum deposit – 1036.20 PHP
  • Maximum deposit – 129529.00 PHP
  • Additional fees – No

Ethereum is one of the newer cryptocurrencies and works a little differently than Bitcoin in many respects.  Learn more about this trending digital currency and how to use it to gamble online in our guide to Philippines Ethereum gambling sites.

Litecoin (LTC)

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Digital Wallet
  • Fraud Monitoring – No (but transactions are protected)
  • Minimum deposit – 1036.20 PHP
  • Maximum deposit – 129529.00 PHP
  • Additional fees – No

Litecoin is rapidly gaining momentum and is supported throughout the online gambling industry. Learn how to use Litecoin to fund your online gambling and what the benefits of using this crypto currency are at our page covering Philippines Litecoin gambling sites.

Cardano (ADA)

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Digital Wallet
  • Fraud Monitoring – No (but transactions are protected)
  • Minimum deposit – 1036.20 PHP
  • Maximum deposit – 129529.00 PHP
  • Additional fees – No

Cardano is the newest crypto coin to be accepted by the best online gambling sites in the Philippines. As the third-ranked cryptocurrency in the world, Cardano is a direct competitor of Ethereum and offers some of the lowest native fees and fastest processing times in the crypto market.

Ripple (XRP)

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Digital Wallet
  • Fraud Monitoring – No (but transactions are protected)
  • Minimum deposit – 1036.20 PHP
  • Maximum deposit – 129529.00 PHP
  • Additional fees – No

Ripple is quickly becoming one of the best cryptocurrency options based on the fact that their transaction times are faster than others. The speed is due to the fact that their blockchain is built to process more information faster, and you can learn more at our page on Ripple gambling sites.

Other Altcoins

In addition to the above, many PH-friendly online gambling sites support a host of other cryptocurrencies. Depending on the site in question, you’ll be able to make deposits and claim payouts using the following popular and valuable crypto coins:

  • Bitcoin Cash (BCH)
  • Stellar (XLM)
  • Dogecoin (DOGE)
  • Chainlink (LINK)
  • USD Coin (USDC)
  • Tether (USDT)

All the deposit minimums and maximums for these altcoins mirror the limits for those cryptocurrencies listed above, as do the payout limits and the fee structures (i.e. no added fees). As always, each crypto coin comes with its own unique benefits and drawbacks compared to all the others, so you’ll want to do some investigation before deciding which coin to use for your online gaming activities. Of course, there’s really no bad choice.

Just be aware that USDC and USDT are stablecoins, meaning that they’re always worth exactly 1 USD. As such, they aren’t good for general crypto investing, but they’re extremely good for keeping track of your online betting balance without having to do any conversions.

eWallets

eWallets provide a digital wallet service accessible through your computer or mobile device. These digital wallets allow you to send money to private users and online services and storefronts easily. They also support multiple currency forms, including PHP. Digital wallets do not require you to enter any personal information when conducting a transaction, thus making them more of an anonymous method than direct banking options.

Popular eWallets For Gambling Online In The Philippines:

Neteller

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Use your credit/debit card, bank account or prepaid card
  • Fraud Monitoring – Yes
  • Minimum deposit – 518 PHP
  • Maximum deposit – 129587.50 PHP
  • Additional fees – No

Skrill

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Use your credit/debit card, bank account or prepaid card
  • Fraud Monitoring – Yes
  • Minimum deposit – 518 PHP
  • Maximum deposit – 129587.50 PHP
  • Additional fees – No

Wire Transfers

Wire transfers are not as common as they once were, but some people still use them. You can easily find online gambling sites supporting wire transfers as an acceptable banking option, as most of the venues listed here fit the bill. Wire transfers are less anonymous than other methods when it comes to depositing, and they have some of the longest processing times. They also typically come with high transfer fees and minimums, making them best for high roller VIPs.

Prepaid Payment Options

Players can load money onto a prepaid card and then use it like a debit card when making deposits. Prepaid cards support limited gambling in terms of preventing addiction or over-betting since you can only play with what is loaded on the card. Prepaid cards are available in multiple currency forms, including Philippine pesos. In some cases, “prepaid cards”  are known as international gift cards, such as MST Gift Cards, which are available for international use.

Popular Prepaid Options For Gambling Online In The Philippines:

MST Gift Cards

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – credit/debit card, bank account
  • Fraud Protection – Varies
  • Minimum deposit – 1036.70 PHP
  • Maximum deposit – 25917.50 PHP
  • Additional fees – No

Entropay

  • Transactions in PHP – No (only USD, GBP, and EUR)
  • Currency Conversion Services Available – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Can top up using a credit/debit card (subject to transaction fees)
  • Fraud Monitoring – Yes
  • Virtual debit card

 Ecopayz

  • Transactions in PHP – No (only USD, GBP, and EUR)
  • Currency Conversion Services Available – Yes
  • Accepted at online gambling sites – Yes
  • Funding Options – Can top up using a credit/debit card (subject to transaction fees)
  • Fraud Monitoring – Yes
  • Virtual debit card

Money Orders

Money orders can be purchased locally at retailers and mailed to your online gambling site’s physical banking address. Customer support can help you locate the exact address for where to send your money order. It takes time for you to send the money, however, especially if the site you are using is based in a faraway country. Many modern bettors prefer digital transactions, but money orders are evidence that traditional methods are still in use.

Popular Money Order Options For Gambling Online In The Philippines:

Branded Retail Money Transfers

  • Transactions in PHP – Yes
  • Accepted at online gambling sites – Yes
  • Additional Fees – Not for deposits of at least 5183.50 PHP
  • Minimum deposit – 2591.75 PHP
  • Maximum deposit – 51835 PHP

Money orders are often processed by several different retailers, though WU is the most common option for Philippine players. In the west, MG is also widely used, though this brand is a less popular money order service for Filipino gamblers. Most sites don’t advertise these banking options on their main menus, but they are often available by request when you contact customer service.