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Top 3 safest sportsbook deposit withdrawal methods
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Top 3 safest sportsbook deposit & withdrawal methods in the US

26 April 2021

Visa & MasterCard transactions are severely restricted in the US. This means that it is essential you find a safe, secure and easy-to-use alternative. We list our top 5 safest payment methods.

Jacob Ljunggren

Jacob Ljunggren

SAFETY INSPECTOR 🕵️

BettingScanner's resident safety expert has picked out the safest sportsbook deposit & withdrawal methods in the US for 2021.

🥇PayPal → Available with 888Sport, FanDuel, PointsBet and more

🥈 Skrill → Available with Bet365, Unibet and more

🥉 Play+ → Available with most sportsbooks

Top 3 safest sportsbook payment methods

Since 2018, over twenty states have fully legalized online sports betting. This means that payments between your bank account and a licensed online sportsbook are perfectly legal… in theory.

The reality is that many banks are not up to speed with the legislative changes that have swept the country and routinely block transactions to and from sportsbooks. To make matters worse is that they have made it easier to get your money into your sportsbook account but more challenging to get it out, and there is nothing more frustrating than winning big and then not being able to withdraw your money!

Fortunately, there are several safe alternatives to a direct Visa/Mastercard transfer.

🥇 PayPal - The safest payment method

This payment provider is the most popular payment service used by sports bettors in the US, and for a good reason.

Pros

Easy-to-use many of you will already be familiar with PayPal’s service. The payment platform is used by millions of people worldwide and takes only a few minutes to become acquainted with. The sign-up, in particular, couldn’t be easier as you only need a valid email address to get started. PayPal also has an app that is incredibly easy to navigate.

Safe & Secure PayPal uses one of the most sophisticated encryption and authentication technologies in the world. If you use PayPal, not only are your payment transfers incredibly secure sportsbooks any other affiliates cannot access your data.

There is also the fact that there will be three layers of security if you use PayPal as you will still be transferring cash between your bank and your sportsbook, which will also have their security systems in place.

High withdrawal rate When selecting PayPal as our number one payment option, the deciding factor was the ease and success rate of withdrawals using the payment platform. With traditional Visa/Mastercard transactions, you might be able to get your money in, but it is extremely difficult to get your cash out. However, PayPal withdrawals - although they may take a few days - are seamless.

Availability every major licensed online sportsbook uses PayPal in the country.

Cons

Deposit fee Any service will eventually cost you, and although PayPal’s 2.9% deposit fee and $0.30 fee is nothing excessive, it can add to the total cost of a wager.

Let’s say you want to place a wager of $100 at relatively low odds, that if you win, would get you a $10 profit. Then you will need to add $3.20 to the cost of this wager thanks to PayPal’s fees. This means that your profit will only be $6.80.

Online sportbooks that accept PayPal

  1. Risk-free bet up to $500

  2. up to $500 in bet credits

  3. Deposit Bonus of up to $1,000

  4. up to $500 risk-free bet

  5. $1000 sign-up bonus

  6. 2x risk free bets worth $2,000

  7. $500 risk-free bet

How to sign-up to PayPal

Nils Edmondson

Nils Edmondson

  • Click on the sign-up button located on the top of PayPal's homepage. You will then be asked to choose a personal account or a business account. For the purposes of sports betting we recommend you chose a personal account.
  • You will then need to provide a valid e-mail address and telephone number. Then click agree and create account.
  • Connect your bank account or Visa/Mastercard by following the on screen instructions.
  • You will receive an e-mail asking you to confirm your address. You can click on the link in the e-mail to finalize the process.
  • Sign-up to an online sportsbook and select PayPal as a deposit option.

Related article

How to deposit and withdraw at 888Sport using PayPal

5 March 2021

888Sport is fast becoming one of the most popular sportsbooks to bet on in New Jersey. PayPal is also the most popular alternative payment methods to Visa/Mastercard. It's a match ... Read more

🥈 Skrill

Skrill is another popular e-wallet that is very similar to PayPal. There are a few differences to its main rival that can benefit certain bettors, such as the fact that it charges on withdrawals rather than deposits.

Pros

Easy-to-use Skrill’s service is just as easy to use as PayPal. It only takes a few minutes to sign up and another few minutes to familiarize yourself with the platform. The only reason why PayPal can seem favorable in this department is that many more customers are already signed up to PayPal and know their way around.

Safe & Secure Skrill uses state of the art encryption technology that ensures your payments are secure. Since they act as a middleman between your bank and your sportsbook, there is one more security layer than a standard bank transfer.

No deposit fee Skrill is not free; they charge a $5.50 withdrawal fee which is not insignificant, especially for players who prefer smaller bets. However, we would much rather pay a fee on our winnings rather than on the deposit.

High withdrawal rate If Skrill you find Skrill offered as a deposit method, then you can rest assured it will be offered as a withdrawal option since they only get paid when you withdraw.

Cons

Only available at four online sportsbooks The payment provider is available at Bet365, Unibet, BetMGM and Fox Bet, a significantly smaller selection than PayPal.

Online Sportsbooks that accept Skrill

  1. up to $500 in bet credits

  2. $500 risk-free bet & 4x$10 no deposit bonus

  3. $500 risk-free bet & 4x$10 no deposit bonus

  4. $500 risk-free bet & 4x$10 no deposit bonus

  5. $500 risk-free bet

  6. $1000 sign-up bonus

🥉 Prepaid Cards (Play+)

These cards have been growing in popularity and we can see why. The option requires no approval and allows you to keep gambling payments separate.

Pros

A Play+ card offers you complete control Since this is a prepaid card, you ultimately can decide how much money is in your card at any one time. This means you can withdraw from your bank account to the point you go into overdraft or mix your gambling payments in your PayPal account with your other payments.

Co-branded and linked with a large number of loyalty schemes Most legal online sportsbooks now have loyalty schemes that can be linked with a Play+ card. This makes it much easier to receive free bets and sign-up for promotions.

No approval required To apply for a Play+ card, you simply apply via your sportsbook, and you will be approved, no questions asked. There is no private information or credit check required. This is because it is a prepaid card, so there is no overdraft, loan or credit involved. You simply load it with cash and bet.

Cons

Lengthy withdrawal times You may have to wait a few days before you can spend your winnings with a Play+ card. This is because you have to wait for your sportsbook to validate the withdrawal (which can take anything from a few hours to a few days) and then for the transaction between your play+ card and your bank account to process (another few days). Of course, this is also the case with a PayPal account, but the difference is that you can spend your money as soon as it reaches your PayPal account.

    Online Sportsbooks that accept Play+

    1. $500 risk-free bet

    2. Deposit Bonus of up to $1,000

    3. up to $500 risk-free bet

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