Sky Bet's minimum deposit is pretty standard at £5, but the bookie only accepts deposits with debit card, Apple Pay and 'Pay By Bank'.
E-wallets were previously offered, but they have been removed. Below, we break down all deposit options, fees, limits, and which ones qualify for the welcome bonus.
Since its founding at the start of the 2000s, Sky Bet has established itself as one of the biggest bookmakers in the UK, perhaps beyond that. Operating across several fields, it is completely understandable why it has the reputation that it does.
However, a few holes can certainly be picked in the payment methods offered by the bookmaker. Previously, more were available, but the site removed a few to 'streamline' the options.
Below, we have collected everything you need to know about Sky Bet and depositing funds, from the payment methods accepted to the specific terms for each.
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
| Visa | £5 | Not specified | No fee | Instant | |
Mastercard | £5 | Not specified | No fee | Instant | |
| Apple Pay | £5 | Not specified | No fee | Instant | |
Instant Bank Transfer | £5 | Not specified | No fee | Instant |
| Operator | Welcome Offer | Bonus Code | Claim Offer | |
|---|---|---|---|---|
| Betting Offer Bet 5p and Get £40 in Free Bets | No code required | Claim Offer | New customers only. First single & E/W bet only. Odds of 1/1 or greater. 4 X £10 bet tokens. Free bet stakes not included in returns. Free bets exclude virtuals. Free bets are non withdrawable. Free bets expire after 30 days. Eligibility restrictions and further T&Cs apply. |
| Offer | No code required | Claim Offer |
If you are unfamiliar with the deposit process at Sky Bet, you can follow our step-by-step guide below. It should be noted that we tested the deposit process on the bookie's app.
After entering the Sky Bet website or app, simply head to the 'Profile' menu, found via the icon in the top right corner. Then, tap 'Deposit' when given the choice.
You will then be presented with a number of different payment methods, and here is where you will need to make your selection. In this example, we chose a Visa debit card.
Following this, you will need to insert some of the payment method details, with the security code coming at a later stage.
Finally, with your card (or method) added, enter the amount you want to deposit and a security code. Then, tap 'Deposit' and you are good to go!

Most of the best bookies end up at the same minimum deposit, more specifically at £5, and that is also the case with Sky Bet. In other words, while some sites offer £1 deposits, there really cannot be any complaints about the minimum here.
For the welcome offer, which only requires you to bet 5p, you still need to deposit the minimum amount to get going (otherwise, how are you going to put the 5p bet on?). Perhaps a tad misleading in that sense, but that doesn't change the fact that it's a great offer.
Sky Bet clearly prefers debit card payments, as is shown by the removal of several e-wallet options. The minimum amount is just £5 for the method, and with quick withdrawals, why shouldn't it be the preference?
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
| Visa | £5 | Not specified | No fee | Instant | |
Mastercard | £5 | Not specified | No fee | Instant |
It is understandable why Sky Bet offers Apple Pay, as it is one of the best payment methods for punters. Speed is often of the essence and it can only be viewed as a good thing here.
Unfortunately, Google Pay is no longer available, so you will have to find another Google Pay bookmaker if this is your preferred payment method.
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
| Apple Pay | £5 | Not specified | No fee | Instant |
In place of a lot of the formerly offered methods, Sky Bet now offers Pay by Bank as an alternative. However, you have to connect your bank directly, which some people will not be a fan of...
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
Instant Bank Transfer | £5 | Not specified | No fee | Instant |
| Payment Method | Min Withdrawal | Max Withdrawal | Withdrawal Fee | Withdrawal Time |
|---|---|---|---|---|
Instant Bank Transfer | £5 | Not specified | No fee | 2-5 business days |
Unfortunately, Sky Bet recently removed the option to use an e-wallet when making payments. PayPal, notably, is the biggest omission and there have been several complaints about its removal, given it now has an FAQ page specifically. It is difficult to see this method, or other e-wallets for that matter, being re-added.

Ben is an accredited football journalist who follows anything from League One to Serie A, also working for the likes of SempreMilan and Total Italian Football. As an avid punter, he has become the master tester at BettingLounge, refusing to take bookies by their words when it comes to withdrawal times and much more.