Nils Edmondson
Payments ExpertWithdrawing money from your online sportsbook is always more difficult than making a deposit. Fortunately, sportsbooks like PointsBet have gone out of their way to make it easier for you to get paid.
PointsBet withdrawal → What payment options are available to you as a customer
How to withdraw from your PointsBet account with PayPal → Step by step
Withdrawals with a PointsBet card → Step by step
How to withdraw from your PointsBet account with ACH/e-check → Step by step
Online Sportsbook withdrawals in the US
It was the summer of 2018. The Golden State Warriors had just won the NBA Finals, Cardi B’s ‘I like it’ had just topped the charts and the US Senate unexpectedly removed the federal ban on sports betting.
Three years have passed and it’s fair to say we’ve moved on. The Warriors have flopped, Cardi B is still going strong and over a dozen states have now fully legalized online sports betting. That is everyone but the US banks who are still stuck in the heady days of 2018, when sports betting was still a taboo and the industry was dominated by offshore sharks - eager to accept your wagers without any accountability.
Despite legal sports betting in a number of states, banks routinely block funds between banks and sportsbooks.
This is especially true of withdrawals which can be incredibly frustrating for successful sports bettors who after winning their bets can't get their cash out.
The reason for this is that the banks are simply not able to keep pace with the legislation sweeping the country. Every six months new states pass a bill or go live with sports betting. They are also not able to keep track of which online sportsbooks have been granted a license in which state. Instead they often classify legal and licensed sportsbooks - like PointsBet - in the same category as illegal offshore sportsbooks.
This largely affects Visa and Mastercard transfers, so the good news is that there are a number of reliable and easy-to-use middlemen - such as PayPal - that can be to shuffle your money between your bank account and your sportsbook.
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PointsBet Withdrawals
When it comes to PointsBet, withdrawals are significantly easier than other sportsbooks thanks to their wide selection of payment options.
The options that PointsBet offer for withdrawals include:
- PayPal → A safe and secure way to both deposit and withdraw money between your bank account and PointsBet account
- Online Banking → A direct and safe transfer method. You can, however have your payments blocked if your bank does not recognize PointsBet.
- PointsBet Card → This is the most beneficial method for PointsBet customers as it is linked to their loyalty scheme.
- ACH/eCheck → This method is popular among those that like to bet large amounts of money.
Sportsbook Deposit and Withdrawals in the US
How to withdraw from your PointsBet account with PayPal
PayPal is the most popular payment method for withdrawals from PointsBet.
It’s popularity is largely because it is a safe and easy to use method that doesn’t require a sophisticated knowledge of banking transactions. All you need to do is sign-up with your e-mail and connect your PayPal to your Visa or MasterCard and you can circumvent any restrictions placed on legal transactions to PointBet. You have also added another layer of security to the payment process.
Although PayPal deposits are instant withdrawals with PayPal can take anything from a few hours to several working days.
You can make PayPal withdrawls from your PointsBet account in:
- New Jersey
- Indiana
To withdraw your money from PointsBet using PayPal follow these steps:
Step 1: Click on the Dropdown Menu > Click on Withdraw > Select 'PayPal'
Step 2: Enter your Withdrawal amount and click the yellow 'PayPal' bar
Step 3: Enter your PayPal information into the correct boxes to link it. Then confirm the account you want to withdraw to.
Step 4 : Enter your PointsBet password to securely finish requesting the withdrawal and submit
Online Sportsbooks that accept PayPal
Withdrawals with a PointsBet card
This is the easiest way to withdraw your funds from your PointsBet account as the card is a PointsBet product.
You can sign up to the card when you join PointsBet and since it is a prepaid card there is no credit involved - you simply connect it to your credit or bank card and load it with cash. This means there is no credit check, you just apply and the card should arrive in 2-3 weeks.
The withdrawal from your PointsBet account to your prepaid card is instant, but then sending it from you prepaid card to your bank account via your Visa/Mastercard can take a few days.
- New Jersey
- Michigan
- Iowa
- Indiana
- Colorado
- Illinois
How to withdraw from your PointsBet account with Online Banking
Sending your money via online banking is a safe and secure method but it can take a long time.
First it can take two days to approve internally with PointsBet. Once it has been approved, it can take another three days to reach you bank account.
A big plus with this method is that there is no limit on how much you can withdraw at one time.
Online bank withdrawals with PointsBet is possible in:
- Colorado
- Michigan
- Iowa
To withdraw your money from PointsBet using PayPal follow these steps:
Step 1: Click on the Dropdown Menu > Click on Withdrawal > Online Banking
Step 2: Select the bank that you want to withdrawal with and input your username and password. If you have a saved account, you can also select that.
Step 3: Select the account that you’d like to Withdraw to and sign in.
Step 4: Select the amount you want to Withdraw and enter your PointsBet password to confirm and submit
How to withdraw from your PointsBet account with ACH/eCheck
Most US residents will be familiar with the Automatic Clearing House system. It is undoubtedly the safest method of payment transfers around and you will be able to send and receive much larger amounts with no fees attached.
The main issue is with this method is that it is fiddly and takes some of the fun out of betting. Instead of the slick user friendly PayPal interface you are forced to fill out a forms and include things like your Drivers License details.
However, if we are talking huge sums then we do think its worth it.
This withdrawal method is available with PointsBet in the following states:
- New Jersey
- Michigan
- Iowa
- Indiana
- Colorado
- Illinois
To withdraw your money from PointsBet using PayPal follow these steps:
Step 1: Click on the Dropdown Menu > Click on Withdraw > ACH/eCheck
Step 2: Select the amount you want to withdraw and fill out the forms with the appropriate bank account you would like to use. You will need to include your Driver's License number.
Step 3: Once you have completed all the fields and clicked the terms and agreement box, you will have to enter your PointsBet password then click submit
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