- Backed by real gold
- Brief sign-up process
- Variety of payment options
Betting Sites that take Gold Pay
Gold Pay is a cool concept — we just hope it was better supported. It’s a payment system using, well, gold as the name implies. Users can buy physical gold (it’s all done online, don’t worry) at its current rate using other payment methods like debit cards. This gold can then be used to make purchases at betting sites or any other online marketplaces.
But here’s the thing: Gold Pay support is hard, if not impossible, to find. As far as we can tell, there are zero sportsbooks that accept this payment method. None! What a shame cause there may be a market for it for the “gold bugs” as they’re called.
Gold Pay is by no means the most commonly used form of payment for sportsbooks, but it is certainly the most interesting. Unlike other EWallets, it doesn’t strictly place money into your account. It uses the money you’re depositing to buy gold at that market price.
And you’re able to make deposits elsewhere using that.
There are no restrictions on which adult can use Gold Pay, and sign up is easy. You can set up an account on their website, and after providing some simple information (name, address, birthday, etc.), as well as verifying your identity, you’ll be off and running.
Gold Pay is a preferred payment method for those who want options. MoneyGram, Western Union, and wire transfers from your bank can all be used to fund your Gold Pay account, which can then be used to make deposits into your sportsbook. And since MoneyGram, Western Union, and other third-party payment methods let you use credit cards, debit cards and, sometimes, even PayPal, you are not limited in how you go about your sports betting.
It's further valuable knowing that your bank information, should you choose that route, isn't hooked up to a vast array of sportsbooks. A single Gold Pay account theoretically would let you make deposits across the sports betting landscape, making it both convenient and safe. But again, that's not actually in effect because sportsbooks don't support it.
Until sportsbooks begin accepting Gold Pay, it's best top forget about this payment method. Again, the idea is there, but the execution is not — what a shame!