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.
| Website: pointsbet.com | Founded: 2017 |
| Owner: Pointsbet | Headquarters: New Jersey |
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.
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:
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.
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.
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%), and the highest number of active users of any sports betting site.
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.
Finding a payment option that works for you can be a complicated business. Here are your most common questions regarding payment options.
Almost all major online sportsbooks offer PayPal as a payment method for both deposit and withdrawal.
These include:
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:
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:
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:
Currently, you can only deposit money using Mazooma with Unibet Sportsbook.
Unibet is operational in Pennsylvania, New Jersey and Indiana.
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:
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.
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.
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 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.
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.
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
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
PayNearMe is a payment platform that allows you to deposit funds using cards, ACH, Apple Pay, Google Pay and cashโall 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.
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 youโll 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.
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.
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 bankโs trust has been the largest obstacle for payment providers, Mazoomaโs partnership with Plaid could make their service the most reliable in the industry.
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.
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.
The new payment option promises to be the easiest and most reliable platform in the sports betting industry. Read more
The Swedish company which lets you โbuy 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 2022. However, we do not think the 14 day load period will apply for sportsbook transactions.
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.
Thanks to People vector created by pch.vector - www.freepik.com for the images.
FanDuel โ The online sportsbook heavyweight offers PayPal as an option for both a deposits and withdrawals.
DraftKings โ Whatever FanDuel does DraftKings will too.
Bet365 โ The global sportsbook has worked with PayPal in dozens of markets around the world.
PointsBet โ The Aussie sportsbook has been one of the first online sportsbooks to launch in a number of new markets including Illinois, Iowa and Indiana. You can use PayPal in any of these states.
Unibet โ Another established European sportsbook setting up shop in the US. PayPal is available with Unibet in NJ, PA and IN.
BetMGM โ The online product of MGM Resorts is now the third largest online sportsbook in the US. You can both withdraw and deposit with PayPal.
SugarHouse โ The online sportsbook owned by Rush Street Interactive was the first to launch in PA and offers PayPal as a payment method.
Fox Bet โ The sportsbook was launched in 2019 when Stars Group merged with Fox. PayPal is one of its preferred payment methods.
Caesars โ The famous Vegas casino is now online and active in a number of states and has now acquired William Hill US.
Klarna โ The Swedish payment platform is now operational in the US but it has not yet signed an agreement with a US sportsbook.
Neteller โ The payment service is no longer active in the US.
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