💰 Payment Methods Explained

HOW TO DEPOSIT MONEY
ON COLOMBIAN SPORTSBOOKS

No Colombian bank account? No problem. You can deposit cash at any Efecty location without a bank account, an app, or anything else.

THE QUICK ANSWER
Just arrived? No bank account? Walk into any Efecty (they're on every other block), give them a payment code from your sportsbook + cash, and your account is funded in minutes. That's it. No bank required.

Have a Colombian bank account? Use PSE — instant bank transfer, fastest method. Or Nequi if you have Bancolombia.
🏪
EFECTY
Think: Paying cash at 7-Eleven

Efecty is a cash payment network with thousands of locations across Colombia — convenience stores, pharmacies, stationery shops, even some gas stations. You'll see the green and white Efecty sign everywhere. This is the easiest way to deposit if you don't have a Colombian bank account.

1
Log into your sportsbook account and go to the deposit section. Select "Efecty" as your payment method.
2
Enter the amount you want to deposit in COP (Colombian pesos). The platform generates a unique payment code or reference number.
3
Write down or screenshot the payment code. You'll need to give this to the Efecty cashier.
4
Walk to any Efecty location. Google Maps "Efecty near me" — there's almost certainly one within a few blocks. Look for the green and white sign.
5
Tell the cashier you want to make an Efecty payment. Give them the reference code and hand them cash. You might say: "Quiero hacer un pago de Efecty" (I want to make an Efecty payment).
6
Get your receipt. Keep it. Your sportsbook account should be funded within 5–15 minutes.
✅
Best for: Tourists, new arrivals, anyone without a Colombian bank account. No app, no bank, no cédula needed for the Efecty transaction itself (your sportsbook account handles the ID part).
⏱️
Speed: 5–15 minutes typically. Fees: Usually none for deposits. Limits: Varies by platform, typically up to $500,000–$1,000,000 COP per transaction.
🏦
PSE (BANK TRANSFER)
Think: Zelle or ACH Transfer

PSE (Pagos Seguros en Línea) is Colombia's interbank transfer system. It connects directly to your Colombian bank account. If you have a bank account here, this is the fastest and most convenient deposit method.

1
Select "PSE" as your deposit method in your sportsbook.
2
Enter the deposit amount and select your bank from the dropdown (Bancolombia, Davivienda, BBVA, etc.).
3
You'll be redirected to your bank's login page. Log in with your online banking credentials.
4
Approve the transfer. Your bank may ask for a second authentication (token, SMS code, or biometric).
5
Done. The deposit is instant. Your sportsbook balance updates immediately.
⚡
Speed: Instant. Fees: Usually none. Requirements: Colombian bank account with online banking enabled. Best for: Anyone with a Colombian bank account — this should be your default method.
📱
NEQUI
Think: Colombia's Venmo / Cash App

Nequi is a free mobile wallet app linked to Bancolombia. It's wildly popular in Colombia — almost everyone under 40 has it. If you have a Bancolombia account, setting up Nequi takes about 10 minutes and gives you instant mobile deposits.

1
Set up Nequi first (if you haven't). Download the app, link your Bancolombia account, verify with your cédula and Colombian phone number.
2
Select "Nequi" as your deposit method in your sportsbook.
3
Enter the amount and your Nequi-linked phone number.
4
Approve the payment in the Nequi app — you'll get a push notification. Tap to confirm.
5
Instant. Balance updates immediately.
📋
Requirements: Bancolombia savings or checking account + Colombian phone number + cédula (extranjería works). Not available on: Codere, Luckia. Available on: Betsson, RushBet, BetPlay, Wplay.
💜
DAVIPLATA
Think: Nequi, but for Davivienda

Daviplata is Davivienda bank's mobile wallet — same concept as Nequi but linked to Davivienda instead of Bancolombia. If you bank with Davivienda, this is your fast mobile deposit option.

1
Set up Daviplata — download the app, link your Davivienda account, verify identity.
2
Select "Daviplata" as your deposit method in your sportsbook.
3
Enter amount and phone number. Approve in the Daviplata app.
4
Instant deposit. Same experience as Nequi.
📋
Requirements: Davivienda account + Colombian phone number. Available on: BetPlay, RushBet. Not available on: Betsson, Codere, Luckia (use PSE instead for Davivienda).
💳
VISA / MASTERCARD
Think: Your regular credit or debit card

Some platforms accept Visa and Mastercard for deposits. The experience is what you'd expect — enter your card number, expiry, CVV, and confirm. However, there's a catch for Americans:

⚠️
US-issued cards often decline. Many American banks block international gambling transactions regardless of legality in the local jurisdiction. This is a bank-side policy, not a platform issue. If your US card declines, it's not broken — your bank is blocking it. Use Efecty instead.

Colombian-issued cards work reliably. If you have a Visa or Mastercard issued by a Colombian bank (Bancolombia, Davivienda, BBVA Colombia, etc.), card deposits should work without issues on all platforms that accept cards.

Our advice: Try your card first. If it works, great — it's the fastest method. If it declines, don't fight it. Walk to an Efecty or use PSE.

COMPARISON TABLE

Method Speed Bank Needed? Best For Platforms
Efecty 5–15 min No No bank account All platforms
PSE Instant Yes Default if you have a bank All platforms
Nequi Instant Bancolombia Mobile-first users Betsson, RushBet, BetPlay, Wplay
Daviplata Instant Davivienda Davivienda users BetPlay, RushBet
Visa/MC Instant CO card best Quick if it works Most platforms

WHAT SHOULD YOU USE?

🛬
"I just arrived. No bank account."
Walk to any Efecty and deposit cash. It's everywhere and takes 5 minutes.
→ Use Efecty
🏦
"I have a Bancolombia account."
Use PSE for instant deposits. Set up Nequi for even faster mobile deposits.
→ Use PSE or Nequi
🏦
"I have a Davivienda account."
PSE works with all banks. Set up Daviplata for mobile deposits on BetPlay and RushBet.
→ Use PSE or Daviplata
💳
"I have a Colombian credit/debit card."
Card deposits work reliably with Colombian-issued Visa and Mastercard.
→ Use your card
🇺🇸
"I only have a US card."
Try it — some work, many don't. If it declines, use Efecty. Don't waste time calling your bank.
→ Try card, fallback to Efecty

WITHDRAWING YOUR WINNINGS

Getting money out follows the same channels, with a few things to know:

PSE bank transfer is the most common withdrawal method. Funds typically arrive in 24–48 hours. Your first withdrawal may take longer as the platform verifies your identity.

Nequi and Daviplata withdrawals are available on some platforms with faster processing times.

Efecty withdrawals are generally not available — Efecty is a deposit-only method on most platforms.

Minimum withdrawal varies by platform, typically $20,000–$50,000 COP.

💡
Pro tip: If you plan to stay in Colombia long-term, open a Bancolombia account with your cédula de extranjería. This gives you PSE + Nequi access, which makes both deposits and withdrawals seamless. It's the single best thing you can do for your betting setup.
← Gringo Guide Compare Platforms →