Sportsbooks Deposits & withdrawals

It is essential to find a payment method which works for you before you place your first wager. We list all the safe & reliable payment options available to you in the US.

๐Ÿ’ฐ Best Online Sportsbooks for deposits ๐Ÿ’ฐ

PointsBet Sportsbook

NJ, IN, IO, IL, CO, MI
  • PointsBet Card
  • PayPal
  • Visa/Mastercard
  • PayWithMyBank
  • PayNearMe
  • ACH/Check
  • Mazooma
Welcome Offer
2x risk free bets worth $2,000
Claim Go to website
Website: pointsbet.comFounded: 2017
Owner: PointsbetHeadquarters: New Jersey
PointsBet Sportsbook
Pointsbet_signup
PointsBet Promos

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict 9/10

Pointsbet is an Australian company, that launched in the US in 2019. The sportsbook places a heavy emphasis on point spread betting, a unique form of betting where you are rewarded, or docked points, according to how wrong or right a bet was.

Read full review

Bet365 Sportsbook

NJ & NV
  • Visa & Mastercard
  • Bet365 Mastercard
  • PayPal
  • Paysafecard
  • Bank Transfer
  • Skrill
  • Cash deposit: at Hard Rock Casino, Atlantic City
  • Mazooma
  • PayNearMe
Welcome Offer
up to $500 in bet credits
Claim Go to website
Website: Founded: 2000
Owner: Bet365 Group LTDHeadquarters: Stoke-on-Trent, UK
Bet365 claim welcome offer
Bet365 in-play betting
Bet365 homepage

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict: 9/10

This sports betting giant has finally arrived on American shores!

The global brand which boasts over 45 million customers worldwide is still a relative unknown in the US, but with the company's track record in other markets, we expect this is just the beginning of their US journey.

Bet365 are operational in the following states:

  • New Jersey
  • Colorado
Read full review

Online Sportsbooks Payment Options 2021

Since the Senate removed the ban on sports betting at a federal level in 2018, the burgeoning industry has struggled to integrate with the US banking system.

The difficulty with withdrawing money using your Visa or Mastercard has stifled thousands of transactions and forced customers to opt for an e-wallet. However, these alternatives come with fees and variable transactions times. This forces sports bettors to research the various payment methods available to them given the state they live in and the sportsbook of their choice.

This is far from an ideal situation for online sportsbooks, but until the US banking system comes in line with the legislation, you will simply have to do your homework. Below, you will find a full list of popular, safe and reliable payment methods for depositing and withdrawing money.

Sportsbook Deposits & Withdrawals 2021

Table of Contents

PayPal โ†’ The country's most popular alternative to Visa/Mastercard.

Skrill โ†’ A safe and secure e-wallet.

Play+ โ†’ A prepaid card that is linked to many sportsbook loyalty programs

PayNearMe โ†’ A safe and secure e-wallet.

ACH e-transfers โ†’ The best option for those wanting to deposit in cash.

Visa/Mastercard โ†’ Easy to deposit but difficult to withdraw.

Mazooma โ†’ An up & coming payment service designed specifically for sports betting.

Best Online Sportsbook for withdrawls

FanDuel Sportsbook

  • PayPal
  • Check
  • ACH
  • FanDuel Prepaid Card
  • Visa/Mastercard
  • Online Banking
  • Mazooma
Welcome Offer
up to $1,000 risk-free bet
Claim Go to website
Website: Founded: 2009
Owner: Flutter Entertainment (previously Paddy Power Betfair)Headquarters: New York City
Fanduel Sportsbook
Fanduel Sportsbook Promos
Fanduel Sportsbook Desktop

Summary

Author: Nils Edmondson Nils Edmondson

The New York-based company began life as a daily fantasy sports provider but now can claim to be the country's most popular sportsbook. According to BettingScanner, it enjoys the second highest brand awareness rate in the US (41%).

Fanduel Sportsbook is operational in the following states:

  • New Jersey
  • Pennsylvania
  • West Virginia
  • Nevada
  • Indiana
  • Iowa
  • Illinois
  • Tennessee
  • Michigan
  • Colorado
  • Virginia
Read full review

Unibet Sportsbook

NJ, PA, IN
  • PayPal
  • Online Banking
  • Unibet Prepaid Play+ card
  • Check
  • Mazooma
  • Visa/Mastercard
Welcome Offer
$500 risk-free bet
Claim Go to website
Website: Founded: 1997
Owner: Kindred GroupHeadquarters: Malta
Unibet_homepage
Unibet_promos
Unibet_signup

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's Verdict: 8/10

Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.

Unibet are operational in New Jersey, Indiana and Pennsylvania.

Read full review

Deposits & Withdrawals FAQS

Finding a payment option that works for you can be a complicated business. Here are your most common questions regarding payment options.

What online sportsbooks offer PayPal?

Almost all major online sportsbooks offer PayPal as a payment method for both deposit and withdrawal.

These include:

Can you withdraw using PayPal?

Yes, you can withdraw money from most sportsbooks using PayPal. It is common for customers to deposit money directly into their sportsbook account using their Visa or Mastercard and withdraw using PayPal. This is because many major banks do not accept withdrawals using your card.

Online sportsbooks that allow you to withdraw using PayPal include:

How do you deposit money into a sportsbook?

You will need to select a payment method that is accepted by your sportsbook. It is important to remember that there are often more payment services available for depositing money, compared to withdrawing money. So, make sure there is a viable withdrawal option available to you.

Common payment methods include:

  • Visa/Mastercard
  • PayPal
  • Skrill
  • ACH transfers

How do you withdraw money from your sportsbook?

You will have to select a payment method offered by your sportsbook. One of the most common services used for withdrawals is PayPal. The following online sportsbooks offer PayPal as a payment option:

Can you deposit using Mazooma?

Currently, you can only deposit money using Mazooma with Unibet Sportsbook.

Unibet is operational in Pennsylvania, New Jersey and Indiana.

Can you withdraw using your Visa or Mastercard?

It is not very common that online sportsbooks allow you to withdraw using Visa or Mastercard. This is often due to the difficulty in approving the payment with your bank - even if it is legal.

PayPal is a common alternative to Visa and Mastercard. The following online sportsbooks offer PayPal as a payment option for withdrawing funds:

Online Sportsbooks: Depositing & Withdrawing with PayPal

PayPal is one of the most popular payment methods used by sports bettors to deposit and withdraw money from their online sportsbook account.

PayPal is effectively an e-wallet. You can send money to your account via your Visa /Mastercard or simply connect your PayPal account to your bank account.
Deposits and Withdrawls sportsbook PayPal

You can then deposit money from your PayPal account into your sportsbook account, and withdraw money from your sportsbook account into your PayPal account.

The payment service was a preferred method in many European countries before the US removed the federal ban on sports betting in 2018. The company was quick to take advantage of its reputation as a reliable payment service provider with a wealth of experience in established sports betting markets and signed a number of partnerships with key sportsbooks such as DraftKings and FanDuel. They were also granted permits by states such as New Jersey which helped the company establish itself as one of the major players in the market.

Advantages with PayPal ๐Ÿ‘
  • PayPal is safe and secure. In fact, it is more secure than transferring money directly from your bank account to the sportsbook as it adds an extra layer of security to the process.
  • Deposits are in instant. Sending money from your PayPal account is a quick and seamless process. This is important if you want to place a bet on an event that is about to happen or you are placing a wager on a live event. Odds can shift quickly in either of these scenarios, so it is essential that you can move money into your account as quickly as possible.
  • PayPal payments are less restricted than Visa/Mastercard payments. In most online transactions using your Mastercard or Visa should be the easiest method of payment, however, when it comes to sportsbooks this is not always the case. The reason for this is that the US banking system has not caught up with the changes in legislation at both the federal and state levels. Even if a sportsbook is fully licensed in a state which has legalized online sports betting, you can still have your payment blocked by the bank.
  • Withdrawals take longer than other payment methods - from a few hours to a working day. Still, this is often quicker than most other methods, so although it doesnโ€™t qualify as an advantage is certainly is not a reason not to choose PayPal as a payment option.
Disadvantages with PayPal ๐Ÿ‘Ž
  • PayPal charges a 2.9% deposit fee if you deposit with Visa/Mastercard. If you have linked your PayPal directly to your bank or you already have money in your PayPal account then you do not have to worry about additional fees. You will not be charged for the transfer of money from your PayPal account to the sportsbook.
  • However, if you want to top up your account using your card then you will have to see around 3% of your money go to PayPal.
  • Not all sportsbooks accept PayPal for welcome bonuses. It is important to always check the terms and conditions for every welcome bonus as the sportsbook may not accept PayPal as a payment method for that particular promotion.

How PayPal works

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Online Sportsbooks: Depositing & Withdrawing with Skrill

Skrill is another big brand e-wallet. The company has been operating for 20 years and is active in over 120 countries.

There are currently four online sportsbooks in the US that accept Skrill as a payment option. They are Bet365, Unibet, Fox Bet and BetMGM.

You can check out our page, online sportsbooks that accept Skrill, for more information on the subject.

Advantages with Skrill ๐Ÿ‘
  • No deposit fee. If you deposit money via any secure payment method such as Visa, Mastercard, ACH or bank transfer you will not be charged any fee by Skrill. Online sportsbooks will almost always absorb the fees of transactions between Skrill and their account. This means you will not have to pay any fees at any point when depositing money. However, as you will see below, you are charged a hefty fee when withdrawing.
  • It is possible to circumvent bank restrictions on sportsbook transactions. This is one reason why many sportsbook customers chose an alternative method to their Visa or Mastercard. This is especially true in states that have recently legalized sports betting, such as Illinois, Michigan, Tennessee or Virginia where the banking system has not updated their systems to be in line with the new legislation.
  • Safe & Secure. Skrill is a trusted payment service used all over the world. The company also many years of experience in the sports betting industry.
SkrillDespositSportsbooks
Disadvantages with Skrill ๐Ÿ‘Ž
  • A hefty $5.50 withdrawal fee. When it comes to sports betting we would rather a payment provider charge for withdrawals than deposits - as you then only have to pay up if you win. However $5.50 per withdrawal is a pretty hefty charge if youโ€™re only a recreational bettor.

How Skrill Works

Online Sportsbooks: Depositing & Withdrawing with Play+

The Play+ card is a prepaid card that you can top up at an ATM or online. This is a preferred payment method for a number of big brand casinos and sportsbooks such as BetMGM.

Advantages with Play+ ๐Ÿ‘
  • A Play+ card offers you full control. Since your Play+ card is a prepaid card, you have full control, at all times, over how much is availble to spend.
  • Co-branded and linked with a large number of loyalty schemes. A number of large brands including Caesars and BetMGM offer Play+ cards that are linked to your loyalty card.
  • 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 due to the fact it is a prepaid card, so there is no overdraft, loan or credit involved. You simply load it with cash and bet.
Disadvantages with Play+ ๐Ÿ‘Ž
  • Withdrawal can take longer than other services. The length of time you will have to wait for Play+ to withdraw your funds into your e-wallet or bank depends on the online sportsbook you have chosen. It can take anywhere from a few hours to four working days.

Related Articles

What is a DraftKings prepaid card and is it worth the hype?

15 March 2021

Getting money in and out of your DraftKings account can be a difficult process. A prepaid Draftkings Play+ card can make depositing and withdrawing funds significantly easier. Read more

What is a FanDuel prepaid card and how can you get one?

15 March 2021

FanDuel's prepaid card is both a safe and easy payment option. We look at how the card works and how you can sign-up for one. Read more

Online Sportsbooks: Depositing & Withdrawing with PayNearMe

PayNearMe is a payment platform that allows you to deposit funds using cards, ACH, Apple Pay, Google Pay and cashโ€”all in a single platform. Allow players to add cash at 25,000+ retail locations, including participating 7-Eleven and CVS Pharmacy stores. Payments are capped at $1,000.

Advantages with PayNearMe ๐Ÿ‘
  • You can top up your account with cash. PayNearMe is the go-to platform for cash deposits. All you need is a barcode which is generated by your mobile number or email address and you will be able to deposit your cash at over 25,000 retail locations.
Disadvantages with PayNearMe ๐Ÿ‘Ž
  • If you are depositing less than $300 you will pay $2.99 in transaction fees. This means that if you are depositing close to the full amount, then the fee is negligible (at around 1%), however, itโ€™s a sizable chunk the lower the amount you deposit.

ACH e-transfers

This method uses the Automatic Clearing House system to deposit and withdraw money. Most US residents should be familiar with this system. It is both safe and trustworthy and youโ€™ll be able to transfer much more money than e-wallets. Around 35% of all transactions to and from sportsbooks in the US are made using ACH.

Advantages with ACH ๐Ÿ‘
  • ACH transfers are incredibly safe. The ACH is one of the countryโ€™s most trusted payment methods in the US and is often used for mortgage and car payments.
  • There is a higher deposit threshold compared to other payment methods. As this is one of the most trusted payment methods in the country, you will be allowed to deposit and withdraw much more money than an e-wallet.
  • There are no fees associated with ACH. You will not need to pay any additional fees for using an ACH transfer.
Disadvantages with ACH ๐Ÿ‘Ž
  • You risk going into overdraft if you are not careful. Since this method sends your money directly to and from your clearing or savings account. This means that unlike an e-wallet or prepaid card which you need to top-up with funds, with an ACH transfer you need to make sure you have enough in your account, otherwise, you could see yourself taking out an unwanted overdraft.

Online Sportsbooks: Depositing & Withdrawing with Visa/Mastercard

The most common method for depositing money in the US does not come without its drawbacks. The issues with banks accepting sportsbook transactions and the lack of withdrawal options are part of the reason why e-wallets have been so successful in the sports betting market.

Advantages with Visa/Mastercard ๐Ÿ‘
  • This is the easiest way of depositing your funds into an online sportsbook. Depositing money, if your bank allows, into a sportsbook using your Visa or Mastercard is the quickest way to fund your account. Youโ€™ll find the money in your account instantly and you will not be charged any fees.
  • Accepted as a payment method at all major online sportsbooks. You do not need to really check if you are allowed by your online sportsbook to deposit using your card if the company is licensed in a state where you are residing.
Disadvantages with Visa/Mastercard ๐Ÿ‘Ž
  • Visa and Mastercard simply do not offer enough withdrawal options. Getting your money into your account is usually easier enough, but getting it out will require you to sign-up to another payment platform such as PayPal. If you do manage to withdraw money using your Visa or Mastercard then you can expect to pay up to $40-50 in fees and up to a week before youโ€™ll see any of your money.
  • Banks can still reject your transfer even if everything is above board. This is because the US banking system is simply not up to speed with all the current legislation. They routinely block payments to sportsbooks as they are operating under old rules. If you are in a state where online sports betting is legal and you are using a licensed online sportsbook then you should be allowed to transfer money legally; despite this many customers have had transfers blocked.

Online Sportsbooks: Depositing & Withdrawing with Mazooma

If you are an avid sports betting enthusiast then you are going to see and hear much more about Mazooma in the next few years. The payment service provider is custom made for the online betting industry and has been quietly working behind the scenes for quite a few years now. The chances are you may have already made a deposit using their technology.

In 2020, they teamed up with Plaid, a financial data network, to make their own branded payment service for US customers. It really is the perfect partnership; Mazooma enjoys well-established relationships with major sportsbooks and Plaid brings years of experience working with all the major banks.

Considering that gaining the bankโ€™s trust has been the largest obstacle for payment providers, Mazoomaโ€™s partnership with Plaid could make their service the most reliable in the industry.

Advantages with Mazooma ๐Ÿ‘

Mazooma promised to be the ultimate sportsbook payment method. The company has years of experience processing and verifying payments via ACH for many of the major sportsbooks including Bet365 and DraftKings. Now, they finally have their own brand and a partner which brings unprecedented access to the banking system.

The payment service should be the fastest in the industry. When their product really gets off the ground, the Mazooma platform should provide quick and efficient transfers thanks to its relationship with both sportsbooks and banks.

Disadvantages with Visa/Mastercard ๐Ÿ‘Ž

Mazooma, operating under its own brand, is only available with Unibet. Since they only partnered with Plaid in late 2020, the company has, so far, only signed with Unibet, despite currently working with a number of major online sportsbooks. We expect many more sportsbooks to offer their payment platform by the end of 2021.

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Online Sportsbooks: Depositing & Withdrawing with Klarna

The Swedish company which lets you โ€™buy now, pay laterโ€™ is now operational in the US. The company has a wealth of experience in the Swedish and German markets.

At the time of writing, no US sportsbooks currently accept Klarna as a payment method.

We expect this to change by the end of 2021. However, we do not think the 14 day load period will apply for sportsbook transactions.

Online Sportsbooks: Depositing & Withdrawing with Neteller

Neteller is, like Skrill, owned by Paysafe Group. It is well established in the sports betting industry and has been operational since 1999. The majority of its revenue comes from sports betting transactions.

In 2019, the payment provider announced that it is no longer active in the US.

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