• 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 doesn’t qualify as an advantage is certainly is not a reason not to choose PayPal as a payment option.

• 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.

• 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.

• 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 you’re only a recreational bettor.

• 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.

• 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.

• 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.

• 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, it’s a sizable chunk the lower the amount you deposit.

• ACH transfers are incredibly safe. The ACH is one of the country’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.

• 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.

• 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. You’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.

• 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 you’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.

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.