Popular Norwegian Payment Methods

It’s no secret that Norwegian players face more challenges than others regarding payment methods at bookmakers. The Norwegian government continues to limit and try to stop transactions between betting companies and Norwegian bank accounts. For this reason, several payment methods have chosen not to offer their services to Norwegian players. However, despite these limitations, several payment services are still available for Norwegian players. We will look closer at the most popular options among Norwegian payment methods on betting sites.

E-wallets are common

Many Norwegian players nowadays use e-wallets for deposits and withdrawals. The advantage of this is that it allows for more anonymity and does not involve using one’s bank account. There are a variety of e-wallets to use at betting companies. We will go through the most popular ones below.

Revolut

Revolut has become a popular choice among Norwegian players for payments at betting sites. This e-wallet offers a smooth solution for both deposits and withdrawals. Users can easily top up their Revolut account through transfers from their Norwegian bank or with regular bank cards. Revolut’s virtual card is a significant plus, which can be used immediately upon registration, allowing transactions at betting sites that accept Visa. An additional advantage of Revolut is the option to get a physical card, which offers flexible use both online and in physical stores. Revolut also supports withdrawals to international accounts, making it easier for players to manage their winnings.

MuchBetter

MuchBetter is a mobile-based payment solution gaining popularity in Norway, especially among betting enthusiasts. After downloading the app and completing a simple registration process, users can add money to their MuchBetter account through various methods such as Visa, Mastercard, bank transfer, and even cryptocurrencies. One of the most significant advantages of MuchBetter is its user-friendliness and compatibility with Android and iOS devices. This allows players to quickly and securely carry out transactions on betting sites. MuchBetter is accepted for deposits and withdrawals at numerous betting sites, making it a flexible and practical option for online betting.

HiPay

HiPay emerges as a strong option for Norwegian players who prefer e-wallets. Creating an account with HiPay is easy, and users can access various currencies and payment options to transfer money from their cards or bank accounts. HiPay works excellently for both deposits and withdrawals on betting sites, eliminating the need to switch between different payment methods. Currently, a limited number of betting sites offer HiPay as a payment method. Still, its practical and secure properties suggest it will become more widespread among betting platforms.

MiFinity

MiFinity is a growing alternative among e-wallets, valued for its flexibility and accessibility. This payment solution can be used through a web browser and a dedicated app, making it available for use anywhere. Users can quickly transfer funds to their gaming account on the chosen betting site after registering and loading their MiFinity account with money from a card or bank account. Although MiFinity is not currently supported by all betting sites, its popularity is steadily growing, and more sites are expected to add MiFinity as a payment option in the future.

The Prepaid Card Neosurf Can Be Used

Prepaid cards have become a popular payment option at betting companies, especially in countries like Norway, where direct transactions from bank accounts to gaming sites are restricted. Neosurf has emerged as a strong alternative after Paysafecard withdrew from the Norwegian market in 2020.

Originally a French payment system, Neosurf has grown in popularity in Norway. Unique to Neosurf is that it only offers virtual prepaid cards that are available for online purchase. These cards are preloaded and ready to use immediately, making the process simple and convenient for the user.

However, there are some limitations to using Neosurf for deposits on betting sites. Firstly, users can only choose from specific predetermined amounts when purchasing the card, which can be limiting for some players. Moreover, Neosurf can only be used for deposits. For withdrawing winnings, players must rely on bank transfers, which can be a disadvantage for those who prefer a uniform payment method for deposits and withdrawals.

Betting with Cryptocurrencies 

More and more people in Norway are choosing cryptocurrencies for betting, mainly because of the unique advantages of anonymity, speed, and security. Cryptocurrencies offer a decentralized payment method free from traditional banking restrictions, which is attractive for players seeking greater control and privacy.

Bitcoin

Bitcoin, the most well-known and established cryptocurrency, is a popular currency for betting. Its global acceptance and strong security make it a reliable currency for online transactions. For betting players, Bitcoin offers fast and secure deposits and withdrawals and a growing acceptance at many betting sites.

Dogecoin

Dogecoin, known for its user-friendliness and speed, has become a popular option for online betting. Although it started as a “meme coin,” its lower transaction fees and fast transfers have made it an attractive choice for players.

Litecoin

Often seen as the “silver” to Bitcoin’s “gold,” Litecoin offers advantages similar to Bitcoin but with faster transaction times and lower fees. This makes Litecoin an attractive option for players seeking efficiency and cost-effectiveness in their payments.

Bitcoin Cash

Bitcoin Cash, a spin-off from Bitcoin, is designed to handle larger transaction volumes. This makes Bitcoin Cash a good choice for players who want faster and more cost-effective transactions than traditional Bitcoin transfers.

Ethereum

Ethereum is not just a cryptocurrency but also a platform for smart contracts, giving it a unique position in the market. Its versatility and fast transactions make Ethereum popular for betting players seeking flexibility and innovation.

Summary

In Norway, payment methods for betting have undergone significant change, with e-wallets and cryptocurrencies becoming increasingly prominent. E-wallets like Revolut, MuchBetter, HiPay, and MiFinity offer flexibility and convenience, while cryptocurrencies such as Bitcoin, Dogecoin, Litecoin, Bitcoin Cash, and Ethereum are growing in popularity due to their ability to offer fast, secure, and anonymous transactions. This trend towards digital payment options reflects an adaptation to the regulatory challenges in Norway, providing players with innovative solutions to navigate the digital payment world efficiently.