Kenyans are used to internet betting. In Kenya, betting activities can boost the economy. Sport betting has grown in popularity since its establishment, and so has the number of betting firms in Kenya.
Kenyan betting organizations are collaborating with telecommunications, IT, and financial industries to guarantee that Kenyan bettors have the safest, fastest, and most convenient payment options. A credible betting site has a strong payment mechanism.
Payment options abound in Kenya Each betting site and physical bookie has its own favored method. For example, foreign bookmakers want globally recognized e-wallets and card payments, whereas local bookies prefer rapid mobile payment options.
This page lists the payment options in Kenya.
Transfers
Bank transfers are the oldest payment technique in Kenya and globally. Bank wires are another name. The betting firm and your bank may exchange money through a bank transfer.
Only the bank has access to your financial information.
- It is the safest choice.
- It is straightforward, and there are no hidden bank fees.
Cons
- Slow processing time
Mobile Cash
Both Kenyan bettors and local bookmakers favor mobile payment. Mobile money allows consumers to deposit and withdraw funds using their phones. It is by far the most reliable and successful alternative. M-Pesa and Airtel Money are prominent mobile payment options in Kenya.
Kenyans use M-Pesa and Airtel Money to pay bills, buy goods, transfer money, and more. They are fast and straightforward to use. Just bring your ID and a registered SIM card to a registered agent to open an M-Pesa or Airtel Money account.
Most international bookmakers now accept M-Pesa as a withdrawal and deposit mechanism.
Pros • Quick processing • Secure transactions • Effective and efficient • Low transaction costs
Cons
- It restricts the amount of money that may be moved;
E-wallets
International bookmakers and Kenyan bettors both accept e-wallets. How do eWallets Work?
E-wallets are online digital wallets that store all of your money in one spot. The use of e-wallets is secure and reliable. A bettor merely has to provide his card details to the firm. To use an e-wallet, you must have a large quantity of money in your Skrill or Neteller account.
Local bookmakers are also incorporating e-wallets onto their websites.
- No need to disclose card data with e-wallets.
- You may choose your chosen currency.
- E-wallets incur a fee.
Payment via card
Local and international sports bookmakers accept debit and credit cards. It is largely used by foreign sports bookmakers.
- Easy money withdrawal.
- No processing costs.
- Debit cards are secure.
- Debit cards process quickly.
- Card data is exchanged.
Conclusions
Kenyan betting sites accept a variety of payments. Before choosing a betting site, make sure it accepts your chosen deposit method. Signing up for a betting account only to discover you lack any of the stated deposit options.
In addition, some of these sites are not trustworthy, so double-check their websites before joining up.