When it comes to sportsArray, consumers have many options. Whether it’s markets or online sportsArray, sports bettors have no shortage of options.
This also applies to payment and withdrawal methods. Sports bettors can fund their accounts and withdraw cash using a variety of methods, adding debit/credit cards, bank transfers and more.
One of the most popular strategies is virtual wallets such as PayPal, Apple Pay, and Venmo. For the purposes of this betting guide, we’ll be looking at Venmo in particular.
Not all sportsbooks accept Venmo, so these are some of the most popular sportsbooks where Venmo is valid for payments and withdrawals.
Venmo has several benefits as a deposit or withdrawal method for sports sites or online casinos.
For starters, it’s convenient. If you already have a Venmo account, you can seamlessly attach it to your favorite bookmaker in a matter of minutes. From there, invoices are quick and easy with Venmo, which is mobile-friendly and easy to use on your phone.
Plus, it’s reliable. Venmo has a superior good luck rate of transactions on gambling sites and sports apps. Other payment methods, such as credit/debit cards or bank accounts, would possibly be rejected or reported as fraudulent. These issues aren’t all that unusual with Venmo.
Thirdly, isArray Venmo is a reliable company that has a long history of enabling users to make secure transactions. It has been operational since 2009 and has been owned by PayPal since 2013, which is one of the most reliable means of payment on the market. With over 80 million users, Venmo has robust security measures in place to protect your information.
Finally, it’s fast. Venmo deposits normally take just a few seconds to reach your account, allowing you to bet instantly. Withdrawals take a little longer, but Venmo is still faster than other methods. Users can expect Venmo withdrawals to be processed within 24 to 48 hours.
Most importantly, Venmo saves you time. You don’t want to manually enter your payment details every time you make a deposit or withdrawal, which is vital if you want to bet live before the odds change.
DraftKings Sportsbook is one of the most popular and widely used sports brands in the United States. It offers several payment and withdrawal methods, in addition to Venmo.
Bettors like DraftKings’ Parlay Builder tool, which makes it quick and simple to create parlays and parlays in the same game. In addition to sports betting, DraftKings is also one of the most popular DFS features for fantasy players.
DraftKings offers promotions and a special sign-up bonus for new users. New consumers who deposit and wager at least $5 after registration will win $150 in bonus bets, regardless of the final outcome of their first bet.
New users can register for DraftKings through this link. From there, create a new account, deposit $5, and bet $5 on whatever you need with your first bet. Win or lose, you’ll get $150 in bonus bets.
FanDuel Sportsbook is a favorite among sports bettors thanks to its white, easy-to-use interface. Unsurprisingly, such a trendy bookmaker also accepts many payment and withdrawal methods, adding Venmo.
FanDuel is similar to DraftKings in many ways, but one area where they differ is their sign-up bonus. At FanDuel, you can win $150 in bonus bets if you win your first bet over $5 after opening a new account and depositing at least $5.
No promo code is needed if you register this link or the banner on this page.
Caesars Sportsbook, the leader in sports betting, offers a leading online sportsbook that offers the most odds boosts in the industry, providing dozens of boosts on a host of sports and games.
Caesars also offers a wide variety of accepted payment and withdrawal methods, adding Venmo.
In addition to all the odds boosts, Caesars is offering a special promotion for new users. If you lose your first bet, you will get a bonus bet equal to that amount up to $1,000.
To qualify for this promotion, new users will need to use code FORBES1000 when registering with Caesars.
BetMGM Sportsbook offers an experience to sports bettors.
One explanation is that it’s simple to deposit and withdraw cash at BetMGM, which accepts Venmo.
Another explanation is BetMGM’s welcome offer, which refunds new users up to $1,500 in bonus bets if they lose their first bet. Use promo code FORBES1500 when signing up.
This allows you to take a big hit with your first bet, as it is covered if it doesn’t cancel.
Fanatics Sportsbook has merged with PointsBet Sportsbook and is one of the newest sportsbooks on the market, introduced in 2023.
Unsurprisingly, Fanatics accepts new payment and deposit strategies like Venmo.
It offers users odds boosts, a sleek interface, and an exclusive welcome offer.
For the first 10 days after registration, Fanatics will adjust your first bet on both one and both days with a bonus bet of up to $100. No promo code is needed; Simply log in and wager at least $5 per day to get your bonus bet.
Fanatics also offers an exceptional rewards program that provides bettors with FanCash with each and every bet, which can be redeemed for bonus bets on sports betting or product credits on the Fanatics retail website.
Similar to other top sites, BetRivers will refund your first bet if you lose.
Users who sign up at BetRivers with the promo code SPORTS and deposit at least $10 on Venmo or some other payment method will get a bonus bet if they lose their first bet.
The offer varies by state, but ranges from $100 to $500, giving punters a second chance if their first bet doesn’t work out.
ClutchBet Sportsbook, one of the latest sportsbooks on the market, will be introduced in 2022.
It features a simple, user-friendly design and a special welcome offer for new customers. If you create a new account and wager at least $10, you will get one hundred percent of your first bet on bonus bets of up to $250, whether your bet wins or loses.
Use promo code CLUTCH250 when registering. Your bonus will be paid in five weekly installments and the bonus bet will be valid for one week.
ESPN BET was introduced in November 2023 after being renamed Barstool Sportsbook, making it one of the newest bookmakers on the market.
Backed by ESPN, this sportsbook offers a modern sports experience with exclusive odds boosts, fast loading times, competitive odds, and common promotions. It also has a welcome offer for new customers.
Hard Rock Bet debuted in January 2019 and has expanded to seven states. It has a clean, modern app that is easy to use, as well as exclusive odds boosts, smart market depth, and counterfeit promotions.
If you lose your first bet of $10 or more after signing up, you will get a bonus bet of the same amount up to $100. No promo code is required.
Photo rendering via Nikolas Kokovlis/NurPhoto Getty Images
Ready to register at a sportsbook and make a deposit? Just follow those steps.
We’ve kept it generally because some bookmakers use other terminology for similar actions, for example, “register” or “register”. If you have any problems checking in, please contact visitors service for assistance.
Select the sports bets you want to use. Download the app to your mobile device (most are available for iOS or Android) or access the desktop website.
Create an account. Follow the activations and enter the requested information. This will come with the following:
This data will be used to verify your identity and prevent you from having to create accounts on the same sports betting site.
If you are a new customer, you will most likely be directed to the deposit page immediately after signing up. Otherwise, proceed to the invoices page.
Select Venmo as your deposit method and follow the commands to link your account to the sportsbook. Typically, the sportsbook will ask you to log into your Venmo account. Once you have done this and the sportsbook has connected your Venmo account, you will be redirected to the deposit page.
Choose the amount you need to load into your account and make your deposit. Don’t look for a bonus or promotional offer, especially a first deposit adjustment that’s only valid when you fund your account for the first time.
Your deposit arrives in your account almost instantly. Once you see the budget in your account, you can start betting with that money.
You can withdraw money from your sports betting account to Venmo at any time.
Bookmakers require you to connect Venmo to make a deposit before you can withdraw cash to your Venmo account. However, as mentioned above, linking your Venmo account only takes a few minutes.
Minimum withdrawals vary across bookmakers, but are around $5 or $10. There may also be maximum withdrawal limits. Check the FAQ section of your sportsbook site if you’re unsure about withdrawal minimums or maximums.
Venmo withdrawals take between 24 and 72 hours to process, but this can vary depending on the traffic and bookmaker you use. Still, it is one of the most reliable and fastest methods.
Yes. Venmo is a quick and easy way to deposit from a mobile device.
Go to your bookmaker, go to the deposit section, and enter the amount you need to deposit. When prompted for a deposit method, choose “Venmo. “
Some bookmakers will move your Venmo budget to your sports betting account. Others will briefly direct you to Venmo to check the deposit before moving the budget.
Either way, you can temporarily deposit cash from Venmo to your mobile device in seconds. This comes in handy if you’re looking to place a quick bet while you’re on the move.
Venmo is just one of the many deposit strategies that are presented through bookmakers. There are many other options, including:
Some less common strategies are also available, but they tend to be the most popular.
Using Venmo can be less difficult than using credit/debit cards, where you can run into problems.
Regulated online sports betting is still relatively new in the country, especially in some states. Banks and creditors flag debit card transactions on gambling sites as suspicious or fraudulent, resulting in a declined deposit or a hold on your card.
Venmo is a recommended option for deposits and withdrawals at gambling sites, but there are many other reliable strategies if you don’t use Venmo.
Yes, you can use Venmo on the maximum of our favorite sports sites.
If a mobile sportsbook accepts Venmo, see a Venmo option on the sportsbook’s deposit tab along with other accepted payment methods. The sportsbook will direct you to Venmo to log in.
Once you’re logged in, the sportsbook will save your primary login points so you don’t have to log in every time you need to make a deposit or withdrawal with Venmo.
Yes. If you have a Venmo account, you can use it to deposit and withdraw funds on a sports site.
If you make a deposit through Venmo, make sure that the bank account you are connected to has the required funds. If you make a withdrawal through Venmo, the cash arrives in your account within 24 to 72 hours.
If there is one in your Venmo account, you can move it to any connected bank account.
You can move cash through a virtual bank transaction. A move takes 1-3 business days with no fees, or you can pay a small percentage for cash to be transferred instantly.
No, there is no additional fee to use Venmo on a sports site. Similar to a bank transfer or debit card, you can use Venmo for free.
The only time you make a small payment is if you need to immediately transfer cash from your Venmo account to a bank account upon withdrawal, in which case you will be charged a small percentage of the move amount.
No. Venmo requires that all deposits made through Venmo be made through a connected bank account with sufficient funds.
That said, most bookmakers allow you to deposit cash with a credit card; Some states prohibit it.
Yes, you want a Venmo account to use Venmo with an authorized sports betting site. Once you have created a Venmo account and connected it to a bank account, you can transfer the bankroll to the sportsbook of your choice.
Yes, it is very safe. Not only is this convenient, but it also provides an extra point of security, as the bookmaker will not have direct access to your monetary information.
Venmo has its own security measures for your monetary data (just like sports betting), so you don’t have to worry about sensitive data being stolen when transacting with sports betting sites.
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