Betting Market
The betting market can be divided into legal and illegal. If the company intends to work in accordance with the requirements of the legislation, it must cooperate with a special Center for accounting for transfers of interactive bets. By opening an account in a legal bookmaker’s office, the user automatically registers with the MCC. This organization is a kind of guarantee that you will definitely receive the money you earn.
Withdrawal of money from bookmakers
By registering at the transfer accounting center, opening a deposit at a bookmaker’s office and making successful bets, you can withdraw money. To do this, there is a special functionality on the company’s website, where the withdrawal methods are listed.
The most popular of them are:
- transfer to a bank card;
- to a mobile phone number;
- receipt of funds at the bookmaker’s offices;
- withdrawal of money through electronic wallets.
Then it all depends on your preferences. Select the desired item and complete the operation.
It is important to remember that the withdrawal of funds may take a long time. The rules of bookmakers always indicate the deadline for crediting funds. If it says that the transfer takes place within up to seven days, it does not mean that the money will go for a whole week. Most likely, the winnings will arrive earlier. By the way, some offices may charge a commission for withdrawal. And quite a lot of bookmakers prefer that the withdrawal method coincides with the method of depositing funds into the account. For example, if you have topped up the balance from your salary card, then you will have to make a withdrawal to it.
Illegal bookmakers
The illegal betting market is represented, as a rule, by foreign offices. The withdrawal of money from the accounts of such organizations became more complicated when the legislator introduced additional control and restrictions on bank transfers.
The replenishment of the balances of illegal bookmakers takes place through bank cards, WebMoney and other electronic payment systems, for example, Payeer. A significant share is accounted for by bank cards.
Why do people generally use the services of such, at first glance, dubious companies? The fact is that when withdrawing funds from offshore bookmakers, players do not pay income tax (well, maybe someone does, but most do not). However, instead of tax in some similar offices, you may be charged an additional commission. Another drawback is that among the illegal offices there are those who cheat players and do not pay money.
Money withdrawal methods
Money withdrawal from unofficial offices is carried out in two ways. Small amounts, up to about $ 200, go through a money transfer on the card. For example, via Mastercard, Moneysend. Previously, it was carried out through Qiwi, but now mainly by translation. Large amounts are carried out through a bank and a bank terminal.
Foreign bookmakers can also work with some other withdrawal methods, including:
- electronic wallets (WebMoney);
- cryptocurrencies (Bitcoin, Ethereum);
- foreign payment systems (ePayments).
But most often foreign offices use money transfers and bank terminals. In the second case, the bookmaker cooperates with a specific bank that makes the corresponding payments. Of course, such financial activity is sharply suppressed by regulators.
You can make money through cryptocurrency from many bookmakers, in this case it is converted at the exchange rate. That is, the balance will be displayed in dollars in the equivalent of bitcoin. But not all offices allow you to withdraw funds through cryptocurrency.