Coral Payment Methods

If you’re considering creating a Coral betting account, you’re probably curious about the available deposit and withdrawal methods and whether they align with your betting preferences.

Fortunately, Coral provides a vast array of payment options for both depositing and withdrawing funds.

If you prioritise seamless, secure, and instant cash transactions, coupled with swift withdrawals, Coral might just be the ideal betting platform for you.

Dive into our article for an overview of the diverse deposit and withdrawal choices offered on the Coral betting site.

How do I Withdraw Money from Coral?

If your Coral account is both active and verified, you can initiate a fund withdrawal using the steps outlined below:

1. Log in to your Coral account.
2. Click on the withdraw button.
3. Once you’ve selected the withdraw tab, a drop-down list of Coral withdrawal methods will appear.
4. Choose the preferred payment method.
5. Follow the on-screen instructions.

For specific withdrawal and deposit methods, you might be required to provide additional security details

Upon completing the withdrawal request, you’ll receive an email at the registered email address containing a confirmation number and further details regarding the withdrawal.

What is the Minimum Withdrawal At Coral?

Coral sets the minimum withdrawal amount for UK bettors at £5, a notably modest figure when compared to the withdrawal thresholds of numerous other online betting platforms.

This user-friendly policy distinguishes Coral as a provider that accommodates lower withdrawal preferences, enhancing its appeal to a range of bettors.

How do I Deposit Money into Coral?

To make a deposit on the Coral site, follow these steps:

1. Log in to your Coral account.
2. Navigate to the “My Account” tab and select “Deposit.”
3. Choose your preferred payment method.
4. Specify the amount you want to deposit.
5. Once confirmed, your account credit will be promptly updated.

Coral provides various deposit options, including debit cards and PayPal, and all of these methods come without any additional charges.

It’s crucial to ensure that the name on your Coral account matches the one registered with your chosen banking method to avoid potential deposit issues.

As of February 2023, there’s a £2,000 cap on the maximum deposit per transaction, applicable only to UK players.

What is the Minimum Deposit at Coral?

Coral sets the bar at a standard £5, aligning with the prevalent practice among various online betting sites.

This nominal entry requirement is in line with industry norms, making Coral an accessible choice for those seeking a modest initial deposit.

What is the Coral Maximum Payout Limit on a Single Bet?

On Coral, the maximum payout for horse racing, Irish Lotto, 49’s, football, and greyhound betting is £1 million.

Specific details for maximum payouts across different bet types can be found on the Coral website.

Keep in mind that maximum payout limits apply to individual events, so it’s essential to check the unique payout for the specific bet you’re placing.

In cases of multiple bets with varying max payouts, the lowest payout limit will be applied to any winnings.

What is the Maximum Withdrawal from Coral per day?

Under Coral’s betting framework, the daily withdrawal limits are capped at a maximum of £20,000, with a minimum withdrawal threshold set at £5.

It’s important to note that these constraints are applicable across all payment methods offered on the site.

Ensuring consistency in withdrawal regulations regardless of the chosen financial transaction avenue.

Why Can’t I Withdraw Funds from my Coral Account?

In specific situations, additional identification may be required when seeking withdrawal authorisation.

Coral implements extra security checks as part of their fraud-prevention measures, potentially necessitating the submission of credit card details or a copy of your ID.

Prior to initiating a withdrawal on any online gambling platform, it’s crucial to verify your payment details.

To address potential Coral withdrawal issues, consider the following:

1. Ensure your account is verified by providing necessary ID documents.
2. Meet the minimum withdrawal amount (not less than £5).
3. Avoid exceeding the maximum withdrawal limit (£20,000).
4. Complete any outstanding bonus deposit wagering requirements.
5. Check and resolve issues related to slow internet or technical problems with your computer.

If challenges persist after addressing these factors, reaching out to the Coral support team is recommended.

Does Coral Accept Credit Cards?

Coral does not accept credit cards due to UK regulations implemented on April 14, 2020.

UK customers are prohibited from funding their betting accounts with credit cards, including through e-wallets.

However, Coral continues to accept various debit cards like Visa, Mastercard, and Maestro, as well as other prepaid options such as Monzo for deposits and withdrawals.

Existing registered credit cards before April 14, 2020, can still be used for withdrawals, but new credit card registrations are not permitted post that date, aligning with the regulations to prevent credit-based deposits.

How long does it take to withdraw money from Coral to a Credit Card or a Debit Card?

Withdrawals from Coral betting to a credit or debit card may take up to 3 working days to reflect in your banking account.

Upon making a withdrawal request, you’ll be notified about the eligibility for Visa direct. If approved, funds will reach your bank account within 4 hours of request acceptance.

Whenever feasible, withdrawals are processed back to the same card. In cases of denial, the money is sent via Bank Wire transfers to the name registered on your Coral account.

Does Coral Accept PayPal?

Coral accepts PayPal as a method of payment, offering swift deposits and withdrawals to your E-Wallet without requiring a debit card or bank account details.

PayPal withdrawals from Coral may take up to 8 hours for funds to be received in your account, with no charges incurred.

Coral.com sports betting punters have PayPal.com as their preferred payment gateway because there is no gambling showing on their bank statements.

PayPal was voted the best e-money payment option by Coral.com customers.

Check out our list of all the best PayPal bookmakers online in 2024.

What Other Payment Methods Do Coral Accept?

Coral accept a wide range of payment methods for punters to deposit or withdraw their winnings, these include:

Skrill

Coral accepts Skrill for non-UK players, with a minimum Skrill deposit of £5 and a maximum of £25,000.

To deposit, select Skrill from the Deposit tab, and funds are instantly and fee-free. Withdrawals to Skrill take up to 8 hours.

For non-UK players, initiate a withdrawal via the Banking tab, with a minimum withdrawal of £5. Skrill is not available for UK players.

Revolut

Coral accepts Revolut as a valid form of payment for deposits and withdrawals.

It is important to note before you can make any deposits or withdrawals with Coral using Revolut you will need to disable the gambling block using the Revolut app which takes 48 hours.

When depositing money into Coral using Revolut you will not have to pay a transaction fee.

Withdrawing money from Coral using Revolut is typically instant which many bettors find convenient.

All gambling transactions made through Coral using Revolut will show up on your bank statements

UK customers of Sports.com see revolut as an easy an efficient way to withdraw their winnings and deposit funds

Monzo

Coral accepts Monzo for deposits and withdrawals.

Similar to Revolut, when you are betting with Coral using Monzo you will have to disable the automatic gambling block using the Monzo App.

When depositing funds into your Coral account with Monzo you will not have to pay any transaction fees.

Withdrawing money from Coral to your Monzo card can take 2-5 working days

All gambling transactions made from Coral to your Monzo account will show up in your bank statements which may be seen as a disadvantage for some bettors.

Customers of Sports.coral.co.uk recognise Monzo as an easy and convenient method to deposit and withdraw cash

Apple Pay

Coral accepts Apple Pay for fast deposits and withdrawals

When depositing money into Coral using Apple Pay transaction fees may vary depending on the card you have connected to your Apple Pay Wallet

Making a withdrawal from Coral to Apple Pay can vary between an instant withdrawal when using a debit card or 1-5 days using e-wallets such as Neteller or Skrill.

Gambling transactions made with Apple Pay on Sports.coral.co.uk may appear in your bank statements depending on your chosen method of payment

UK Coral customers recognise Apple Pay as a reliable and convenient payment method

Phone Bill

Coral accepts phone bill payments, allowing deposits using services like Boku and Payforit.

When depositing with Phone Bill on Coral you will not have to pay any transaction fees.

Withdrawing from Coral to Phone Bill will have your funds in your account instantly

The main advantage of using Phone Bill for gambling transactions on Coral is that it will not appear on your bank statements.

The process of gambling with Sport.Cora;l.com using Phone Bill is swift, making it a popular choice for customers looking to offset their phone bills.

Boku

Coral accepts Boku as a valid payment for deposits and withdrawals.

Depositing into Coral using Boku is a fee free process that many bettors enjoy.

While you can deposit money with Coral through Boku, it’s important to note that you cannot initiate a withdrawal using the same method.

To access your winnings from Coral, you’ll need to set up an additional payment method, such as PayPal. The withdrawal timing will then depend on the chosen added payment method.

Gambling transactions at Coral via Boku are reflected in bank statements

It’s a convenient option for Sport.Coral.com customers, particularly for sporting bets, and when using Boku, you won’t need to provide any additional personal details.

Google Pay

Coral accepts Google Pay as a valid method for depositing funds into your betting account.

When you make a deposit to Coral using Google Pay you will not be charged a transaction fee.

Withdrawals made from Coral to Google Pay will take around 24 hours to appear in your account. Which is what so many bettors enjoy

Any Gambling transactions made from Coral using Google Pay will show up in your bank statements which may be a disadvantage for some punters.

UK Customers of Sports.Coral.com would highly recommend using Google Pay as your chosen e-wallet for the efficiency of making deposits and withdrawals

Neteller

Coral accepts Neteller payments for betting. Note that credit card deposits are not accepted, so ensure your Neteller account is linked to a debit card or bank account.

When depositing cash into Coral using Neteller you will have to pay a 2.5% transaction fee.

Withdrawing from Coral using Neteller is a quick process that takes around 24 hours to appear in your account

It’s important to note that any gambling transactions made from Coral with Neteller will show up in your bank statements which may be seen as a disadvantage to some bettors.

Sports.Coral.com customers recognise that Neteller is one of the quickest and trusted methods for cashing out whilst also ensuring a safe and efficient transaction experience.

Payforit

Coral accepts Payforit as a payment methods for deposits and withdrawals.

When making a deposit with Payforit on Coral customers will no additional transaction fees.

Withdrawing from Coral using Payforit takes around 1-2 days for the funds to appear into your account.

Gambling transactions made from Payforit using Coral will not appear in your bank statements which is an advantage many punters enjoy.

Betting on Sports.Coral.com through Payforit is an easy and efficient method that benefits bettors seeking quick, hassle-free transactions.

Paysafecard

Coral accepts Paysafecard for deposits and withdrawals

When using Paysafecard to deposit on Coral you will not have to pay any transaction fees.

When withdrawing with Coral using Paysafecard your funds will be transferred into your account within 3-5 working days.

Gambling transactions made with Paysafecard on Coral will not appear in your bank statements which could be seen as an advantage to some punters.

Customers of Sports.Coral.com recognise Paysafecard as a convenient method for deposits and withdrawals.

Trustly

Coral now accepts Trustly for both withdrawals and deposits. New Trustly users signing up with Coral can access exclusive welcome bonuses.

When depositing cash into Coral using Trustly bettors can enjoy a fee free transaction process.

Withdrawals from Coral to Trustly takes approximately 2 working days.

Gambling transactions made with Trustly on Coral will appear in your bank statements.

UK customers of Sports.Coral.com use Trustly as a secure method of payment for deposits and withdrawals to ensure a seamless and convenient betting experience.

Starling

Coral accepts Starling for deposits and withdrawals

Depositing money into Coral using Starling Bank is a very easy process that does not require a transaction fee

Withdrawing cash from your Coral account with Starling will take 1-2 banking days.

When you withdraw from Sports.Coral.com using starling it will appear on your bank statements

Whether through Starling.com or the Starling App, the Starling card is an approved payment method for Coral bookies.

What Methods of Payment Does Coral NOT Accept?

Aside from the various methods of payment Coral does accept there are still a couple that are not currently available in the UK, these include:

Bitcoin

Coral does not entertain Bitcoin or any other cryptocurrency as valid payment methods for betting.

The platform explicitly excludes digital currencies like Bitcoin from its accepted forms of payment.

Amex

Coral does not accept Amex for deposits; credit cards, including Amex, are ineligible for deposit transactions.

Registered Amex cards before April 2020 can still be utilised for withdrawals at Coral.

Coral provides diverse payment methods for both withdrawals and deposits, including options like bank transfers and bank wires.

Ecopayz

Coral does not accept Ecopayz as a valid method of payment.

To access Coral’s enticing features, including cash-out betting, guaranteed best odds, and fallers insurance, ensure you choose an approved payment method.

Explore the accepted options to fully enjoy the benefits offered by Coral’s betting site.

Ethereum

Coral does not facilitate the use of Ethereum for depositing or withdrawing bet credit.

The platform exclusively supports conventional payment methods, and as of now, Ethereum is not integrated into Coral’s transactional framework.

Therefore, users looking to engage with Coral’s betting services should explore alternative payment options in accordance with the platform’s specified methods.

Mpeasa

Coral does not currently accept Mpeasa.

However, numerous alternative payment options that facilitate withdrawals are available.

It’s important to note that deposit methods may undergo periodic updates, and there’s a possibility that Mpesa could be accepted in the future.

Naira

Coral currently does not support Naira as a payment currency.

It’s worth noting that deposit methods can undergo changes periodically, and there is a possibility that Naira may be accepted as a form of payment in the future.

Keep an eye on updates for any adjustments to Coral’s accepted currencies.

Why does Coral Restrict Bets on Betting Accounts?

Coral may impose betting limits on accounts with significant winnings. If your account faces restrictions, you’ll receive a notification, indicating a cap on your stake amount.

While restrictions are in place, bonus withdrawals are unavailable unless the necessary requirements to lift the restrictions are fulfilled.

Summary of Coral Payment Options

This article has explored the deposit methods offered on Coral’s betting site, with popular options including Paypal, Debit cards, Paysafecard, and Apple Pay.

E-wallets, such as Paypal, prove advantageous for Coral players due to their instant deposit processing and seamless withdrawal capabilities.

It’s important to note that certain methods, like credit cards and Ecopayz, are not accepted.

Stay informed by checking for any new payment platform restrictions imposed by Coral before initiating a deposit. For insights into fast withdrawal betting sites, refer to our detailed article.

Bookmakers Deposits and Withdrawals

Here are all the deposit and withdrawal details for all UK bookmakers.