MEXICO'S PAYMENT OPTIONS
Mexico has the most expat-friendly payment ecosystem in Latin America. OXXO cash deposits work for anyone with pesos, no bank account required. SPEI bank transfers are instant for those with Mexican banking. And credit/debit cards have higher acceptance than other LatAm countries.
OXXO - THE EXPAT FAVORITE
🏪 OXXO Cash Deposits BEST FOR EXPATS
OXXO is Mexico's ubiquitous convenience store chain (think 7-Eleven everywhere). You can deposit cash at any location—no bank account, no CURP, just pesos.
How to Deposit via OXXO:
- Open your sportsbook app (Caliente, Codere, bet365, Betsson)
- Select "Deposit" → "OXXO"
- Enter deposit amount and generate payment reference
- You'll receive a barcode/reference number
- Visit any OXXO store
- Show reference to cashier and pay in cash
- Receive printed confirmation
- Funds appear in betting account within minutes
🎯 OXXO Tips
• Limit per transaction: Usually $10,000 MXN. Make multiple deposits if needed.
• Small fee: OXXO charges $10-20 MXN per transaction.
• Hours: Most OXXOs are 24/7—deposit whenever convenient.
• Receipt: Keep your receipt until funds are confirmed.
SPEI - INSTANT BANK TRANSFERS
🏦 SPEI - Bank Transfer
SPEI (Sistema de Pagos ElectrĂłnicos Interbancarios) is Mexico's instant bank transfer system. If you have a Mexican bank account, this is the fastest and cheapest option.
Opening Mexican Bank Accounts
Good news: Mexico is relatively expat-friendly for banking. BBVA Mexico and Banorte reportedly accept foreigners with passport and proof of address. You may need:
- Passport
- Proof of Mexican address (utility bill, rental contract)
- RFC (tax ID) or CURP—some banks waive for foreigners
Once you have a bank account, SPEI deposits are instant and free at all major sportsbooks.
OTHER PAYMENT METHODS
Credit/Debit Cards
Mexican sportsbooks accept Visa and Mastercard. Foreign cards sometimes work but may be declined or charged foreign transaction fees. Mexican-issued cards work reliably.
Mercado Pago
Mexico's popular mobile wallet. Can be funded via OXXO or bank transfer. Some sportsbooks accept it directly.
Crypto (Stake)
Stake works in Mexico with crypto deposits. No Mexican banking required—same as anywhere in Latin America.
WHICH SPORTSBOOKS ACCEPT WHAT?
- Caliente: OXXO, SPEI, cards, retail locations
- Codere: OXXO, SPEI, cards
- bet365: SPEI, cards (OXXO via CoDi)
- Betsson: OXXO, SPEI, cards
- Stake: Crypto only
🏆 BET365 MEXICO
Full English interface. SEGOB licensed. SPEI and card deposits. Best overall for American expats in Mexico.
Join bet365 Mexico →18+ | SEGOB Licensed | Gamble Responsibly
American or British Expat?
We have step-by-step guides specifically for expats dealing with US/UK banking blocks, passport verification, and finding sportsbooks that actually work for foreigners.
FAQ
Can I use my US debit card at OXXO?
No. OXXO accepts cash only (Mexican pesos). Withdraw cash from an ATM first, then deposit at OXXO.
What's the fastest deposit method?
SPEI is instant (seconds). OXXO takes a few minutes for processing. Both are practical for same-day betting.
Are there withdrawal fees?
Most sportsbooks offer free SPEI withdrawals. OXXO is typically deposit-only; withdrawals go to bank accounts.