Sportsbook Deposit Methods
There are many ways to fund your account at a legal USA sportsbook. The best sites offer safe and vetted deposit options that are fast and efficient. Each method has its pluses and minuses, including fees, minimums, maximums, and varying speeds. These are important to take in to account when you are planning on making a deposit, and we will go over all of this and more so you will have a good idea of how you want to fund your next bet.
This page will give you the basics on deposits, but will also detail all the legal and safety issues that most Americans are concerned about. It will explain the process of funding your account. Finally, it will take you through some of the most popular and trustworthy methods. So read on, and discover why making a sportsbook deposit has never been easier.
While individual residents have nothing to fear when it comes to attempting to, or succeeding at funding online sports betting accounts, there are certain federal laws do interfere with deposits, albeit in a miniscule way. The main law to know about is the Unlawful Internet Gambling Enforcement Act (UIGEA). While the name sounds bad, this statute only affects the ways overseas sportsbooks can send and receive money to and from the United States. The UIGEA has no authority outside of our nation, so the sportsbooks themselves are not affected.
The financial institutions on our shores are restricted from knowingly accepting funds from overseas betting sites. However, most sites allow credit/debit deposits (along with many other methods, many of which don’t involve banks at all) because most banks don’t actually enforce this mandate. I have personally made numerous deposits with my Visa and my MasterCard without any hassle. If they sportsbook that you are a member of says that it accepts credit/debit deposits, it is most likely safe for you to use yours.
In order to make a deposit to your account, go to the “funding methods” or “online cashier” page of the sportsbook. Clicking on this link will bring up a list of deposit methods. Quality sports betting sites have many great funding methods for everyone. Clicking on any of these methods will bring up detailed information about processing times, minimums/maximums, and fees. Once you have decided which method works best for you, simply follow the instructions.
The most popular method for adding funds to a sports betting account is through the use of a credit or debit card. This makes sense seeing that most Americans have at least one card. Most sites accept Visa, Discover, American Express, and MasterCard. Depending on the site, the fees and limits for each card might be vastly different. Some cards have no fees. Deposit minimums are typically around $50, but maximums can vary from $500 to $3,500. People like credit cards because they are easy to use and don’t take very long to process. Using a credit or debit card to fund a sportsbook account is also very simple; if you have ever purchased anything from an online retailer, the process is very similar.
The next most popular deposit method is Western Union/MoneyGram. Also known as a cash wire transfer, it takes less than two hours for the transfer to go through. The minimums and maximums are around $100 and $1,000, respectively. The fees are usually reasonable, and most legal sports betting sites will waive them if your deposit is more than $250. One aspect that many members like about cash wires is that they avoid using banks altogether. This sidesteps any possible interference from the UIGEA. Although that kind of interference is unlikely, it is nice to have complete peace of mind.
For those who bet high and bet often, a money order may be the way to go. There are typically no maximum amount set by the sportsbook, so users are allowed to deposit as much money as the money order can be purchased for; typically a money order is capped around $1,000 but there is nothing stopping you from purchasing multiple. The biggest drawback to this method is the wait time because the physical draft must be delivered by mail.
Prepaid and cash gift cards are two other no muss, no fuss deposit options. In fact, some of the accepted brands of cards are especially nice because they let users deposit any amount they wish instead of purchasing set amounts. What's more is that there are no fees, either, and it takes almost no time at all for your transfer to go through.
If you make a lot of online transactions, you’ll probably love Bitcoin. It transforms your cold hard cash into digital money or e-currency. The way it works is you exchange Bitcoin addresses with another person or business. You pay from your Bitcoin “wallet.” Some sites charge fees for using bitcoin, but they usually waive these fees if you make both deposits and withdrawals through Bitcoin.
Bank wire transfers are for the big ballers that like to deposit large amounts. The minimums and maximums are high, and the fees are usually somewhat substantial. These can be worth it though, if you need to deposit many thousands of dollars. The funding methods don’t end there, you will find checks, money orders, and others around the various legal sportsbooks.
Each deposit method that you come across will be a reputable and certified money-transfer service. You can find each type is used all around the web for legitimate purchases or money transfers. We’ll go into greater detail about each of these methods later. Each money transfer service has its own built-in security features as well, such as encryption, which codes all the sensitive digital information, and firewalls, which help to prevent cyberattacks.
All of the US sportsbooks we recommend have sound security that is nearly invulnerable to scammers. These sites have millions of members, and they go out of their way to make sure that each and every customer is safe, and that includes financial and personal information.
That all depends on both the method and the site you use. On some websites, credit cards have no fees at all, and on others it is somewhere in the range of 4 to 6 percent. Cash wire transfers usually have a fee of somewhere around 2 percent, which is very low. As far as fees go, they tend to reflect how much you are depositing. Larger amounts tend to come with higher fees. However, many sites offer free deposits using credit/debit/gift cards, or Bitcoin.
Speeds vary greatly as well. Card options and E-wallet options are usually the fastest, sometimes taking only seconds. On the opposite end of the spectrum, anything sent through the mail such as money orders or cashier’s checks will obviously take longer. Depending on how patient you are, the mail-in options might be what you are looking for as they sometimes allow you to deposit larger amounts.
Minimums and maximums come in all different shapes and sizes, but you can be sure that the sportsbooks that we review have the widest possible ranges. Depending on the deposit type you choose, you can add as low at $25 to your account, and some options have unlimited maximums.
Yes. Every sportsbook that we recommend has an array of lucrative bonuses for everyone. Most of these sites offer a bonus of anywhere between 25 and 50 percent on your initial deposit. This is just a way to welcome new members. If you play the odds on a regular basis, you can reap the benefits of the reload bonus, which is similar to the welcome bonus, only you get a percentage off every single deposit you make! That’s one of the best deals imaginable. It works out in your favor if you are a regular bettor.
Two things about bonuses that you should keep in mind are promo codes and rollover requirements. A promo code is a string of numbers and characters that you must enter into the header of an email along with your deposit. The primary reason for this is to let the site know exactly which bonus you would like to receive. Another reason for the promo code is to let the site know that you have read and are aware of the rules and regulations. A rollover requirement means you must wager a certain amount of your deposit money before you can use a bonus. This may seem draconian, but it is necessary in order to prevent people from using the bonus money and never spending a dime of their own money.
We have tried out the best and the worst of what the web has to offer, and can confidently say that there are a few legal USA sportsbooks that stand tall above the rest. These sites offer the best odds on every league you can imagine, and of course excellent deposit methods. You can get your account up, running, and funded within minutes at these sites. Let’s take a look at the USA sportsbooks with the best deposit methods.
For a more than decade-old online sportsbook, BetOnline has aged well. This site was started by sports fans, for sports fans, and now counts millions of American residents as longtime members. This has to do with the fact that the site has maintained a level of mastery in all aspects of sports wagering. You will find the quickest lines in the industry here, and more wager types than you can shake a stick at. Bet of all, the site is licensed and certified, so it will not be going away any time soon.
We can’t praise BetOnline enough, but one place they really shine is in the deposits department. They accept no less than five types of credit/debit cards, and that’s just talking about one method. You can also use Western Union, MoneyGram, money orders, bank wires, Bitcoin, and more. Anyone can find a safe and secure way to make a deposit here. We love to use Western Union because the site allows us to complete the entire transaction online, which usually takes less than an hour to process. The best part is, if you deposit over $300, they will waive any and all fees. Check out BetOnline today for the best sportsbook with amazing funding methods.