When it comes to sportsArray, consumers are spoilt for choice. Whether it’s online markets or sportsArrays, sports bettors have no shortage of options.
This also applies to payment and withdrawal methods. Sports bettors can fund their accounts and withdraw cash using a variety of methods, adding debit/credit cards, bank transfers, and much more.
One of the most popular strategies is virtual wallets such as PayPal, Apple Pay, and Venmo. For the purposes of this betting guide, we’ll look at Venmo in particular.
Not all bookmakers settle for Venmo, so these are some of the most popular bookmakers where Venmo is valid for payouts and withdrawals.
Venmo has several benefits as a deposit or withdrawal method for sports sites or online casinos.
For starters, it’s convenient. If you already have a Venmo account, you can seamlessly attach it to your favorite bookmaker in a matter of minutes. From there, billing is quick and easy with Venmo, which is mobile-friendly and easy to use on your phone.
Plus, it’s reliable. Venmo has a superior transaction success rate on betting sites and sports apps. Other payment methods, such as credit/debit cards or bank accounts, could be declined or flagged as fraudulent. These issues are less common with Venmo.
Third, it’s safe. Venmo is a reliable company that has a long history of allowing users to transact securely. It has been operational since 2009 and is owned by PayPal since 2013, which is one of the most trusted payments on the market. With over 80 million users, Venmo has strict security measures in place to protect your information.
Well, it’s quick. Venmo deposits normally only take a few seconds to succeed in your account, allowing you to gamble instantly. Withdrawals take a little longer, but Venmo is still faster than other methods. Users can expect Venmo withdrawals to be processed within 24 to 48 hours. .
Most importantly, Venmo saves you time. You don’t want to manually enter your payment details every time you make a deposit or withdrawal, which is vital if you want to bet live before the odds change.
DraftKings Sportsbook is one of the most popular and widely used sports brands in the United States. It offers several payment and withdrawal methods in addition to Venmo.
Punters love DraftKings’ Parlay Builder tool, which makes it quick and simple to create parlays and parlays in the same game. In addition to sports betting, DraftKings is also one of the most popular DFS features for fantasy players.
DraftKings offers promotions and a special sign-up bonus for new users. New consumers who wager at least $5 with their first bet after signing up will immediately win $200 in bonus bets, regardless of whether their bet is a winner or loser.
New users can sign up for DraftKings at this link. From there, create a new account, deposit $5, and wager $5 on anything you need with your first bet to claim your bonus bets, which will be immediately added to your account.
FanDuel Sportsbook is a favorite among sports bettors thanks to its blank and easy-to-use interface. Unsurprisingly, such a modern bookmaker also accepts many payment and withdrawal methods, adding Venmo.
FanDuel is similar to DraftKings in many ways, but one domain where they differ is their sign-up bonus. At FanDuel, you can win $150 in bonus bets if you place a bet of $5 or more after opening a new account and depositing at least $10. .
No promo code is needed if you register this link or the banner on this page.
Caesars Sportsbook, a leader in sports betting, offers a leading online sportsbook that offers the most odds boosts in the industry, providing dozens of boosts across a plethora of sports and games.
Caesars also offers a wide variety of accepted payment and withdrawal methods, adding Venmo.
In addition to all the score boosts, Caesars is offering a special promotion for new users. If they lose their first bet, they will get a bonus bet equal to that amount up to $1,000.
To take advantage of this promotion, new users will need to use code FORBES1000 when registering with Caesars.
Known as “the king of sports betting,” BetMGM Sportsbook lives up to the hype and offers a delight for sports bettors.
One of the reasons is that it’s simple to deposit and withdraw cash at BetMGM, which accepts Venmo.
Another explanation is BetMGM’s welcome offer, which reimburses new users up to $1,500 in bonus bets if they lose their first bet. Use the promo code FORBES1500 when signing up.
This allows you to take a big hit with your first bet as you are covered if it is not cancelled.
Fanatics Sportsbook merged with PointsBet Sportsbook and is one of the newest bookmakers on the market, introduced in 2023.
Unsurprisingly, Fanatics accepts new payment and deposit strategies like Venmo.
It provides users with odds boosts, a sleek interface, and an exclusive welcome offer.
During the first 10 days after registration, Fanatics will adjust your first bet with a bonus bet of up to $100 on both one and both days. No promo code is needed; Simply log in and wager at least $5 per day to get your bonus bet.
Fanatics also offers an extraordinary rewards program that provides punters with FanCash with any and all bets, which can be converted into bonus bets at sportsbooks or product credits on the Fanatics retail website.
Similar to other top sites, BetRivers will refund your first bet if you lose.
Users who sign up with BetRivers with the promo code SPORTS and deposit at least $10 into Venmo or some other payment method will get a bonus bet if they lose their first bet.
The offer varies by state, but ranges from $100 to $500, giving punters a second chance if their first bet doesn’t work out.
Photo rendering via Nikolas Kokovlis/NurPhoto Getty Images
Are you ready to sign up with a bookmaker and make a deposit?Just follow those steps.
We’ve kept it general because some bookmakers use other terminology for similar actions, such as “sign up” or “sign up. “If you have any trouble signing up, tap the visitor service for help.
Select the bookmakers you need to use. Download the app on your mobile device (most are available for iOS or Android) or access the desktop website.
Create an account. Follow the activations and enter the requested information. This will come with the following:
This data will be used to verify your identity and prevent you from creating accounts at the same bookmaker.
If you’re a new customer, you’ll most likely be directed to the deposit page immediately after signing up. Otherwise, proceed to the invoices page.
Select Venmo as your preferred deposit method and follow the commands to link your account to the bookmaker. Usually, the bookmaker will ask you to log in to your Venmo account. Once you have done this and the bookmaker has connected your Venmo account, you will be redirected to the deposit page.
Choose the amount you need to load into your account and make your deposit. Don’t look for a bonus or promotional offer, especially a first deposit adjustment that is only valid when you fund your account for the first time.
Your deposit arrives in your account almost instantly. Once you see the budget in your account, you can start betting with that money.
You can withdraw money from your sports betting account to Venmo at any time.
Bookmakers require you to connect Venmo to make a deposit before you can withdraw cash to your Venmo account. However, as mentioned above, linking your Venmo account only takes a few minutes.
Minimum withdrawals vary between bookmakers, but are around $5 or $10. There may also be maximum withdrawal limits. Check the FAQ section of your sports betting site if you’re unsure about withdrawal minimums or maximums.
Venmo withdrawals take between 24 and 72 hours to process, but this can vary depending on traffic and the bookmaker you’re using. Still, it is one of the most reliable and fastest methods.
Yes. Venmo is a quick and easy way to deposit from a mobile device.
Go to your bookmaker, go to the deposit section, and enter the amount you need to deposit. When prompted for a deposit method, choose “Venmo. “
Some bookmakers will transfer your Venmo budget to your sports betting account. Others will briefly direct you to Venmo to check the deposit before transferring the budget.
Either way, you can temporarily deposit cash from Venmo to your mobile device in a matter of seconds. This is convenient if you want to gamble temporarily while traveling.
Venmo is just one of the many deposit strategies that are presented through bookmakers. There are many other options, including:
Some less common strategies are also available, but they tend to be the most popular.
Using Venmo can be less difficult than using credit/debit cards, where you may run into problems.
Regulated online sports betting is still relatively new in the country, especially in some states. Banks and creditors flag debit card transactions on gambling sites as suspicious or fraudulent, resulting in a declined deposit or hold on your card.
Venmo is a recommended option for deposits and withdrawals at betting sites, but there are plenty of other reliable strategies out there if you don’t use Venmo.
Yes, you can use Venmo on the most of our favorite sports sites.
If a mobile sportsbook accepts Venmo, you’ll see a Venmo option in the bookmaker’s deposit tab, as well as other accepted payment methods. The bookmaker will then direct you to Venmo to log in.
Once you’re logged in, the bookmaker will save your main login points so you don’t have to log in every time you need to make a deposit or withdrawal with Venmo.
Sí. Si you have a Venmo account, you can use it to deposit and withdraw your budget at a bookmaker.
If you make a deposit through Venmo, make sure that the bank account you’re connected to has the required funds. If you make a withdrawal via Venmo, the cash arrives in your account within 24 to 72 hours.
If it’s in your Venmo account, you can move it to any connected bank account.
You can move the cash through a virtual bank transfer. A move takes 1-3 business days with no fees, or you can pay a small percentage to have the cash transferred instantly.
No, there are no additional charges for using Venmo on a sports site. Just like with a bank move or debit card, you can use Venmo for free.
The only time you make a small payment is if you need to immediately transfer cash from your Venmo account to a bank account when making withdrawals, in which case you will be charged a small percentage of the movement amount.
No. Venmo requires that all deposits made through be made through a bank account connected with sufficient funds.
That said, most sports sites allow you to deposit cash with a credit card, although some states prohibit it.
Yes, you want a Venmo account to use Venmo with a licensed bookmaker. Once you’ve created a Venmo account and connected it to a bank account, you’ll be able to transfer the budget to the bookmaker of your choice.
Yes, it’s very safe. Not only is this convenient, but it also provides an extra point of security, as the bookmaker may not have direct access to your financial information.
Venmo has its own security measures for your monetary data (just like sportsbooks), so you don’t have to worry about sensitive data being stolen when transacting with sports betting sites.
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