Deposits At Sports Betting Sites
Sports fans all over the US are taking part in legal online wagering activities every day. If you have yet to jump into the world of US online sportsbooks, you are in for a treat. After finding and signing up with a sports betting site, the first thing to do in order to bet real money on a game is to make an initial deposit. It seems pretty simple, but this critical process needed to bet on sports has been known to present challenges depending on the sportsbook, and things like where the player lives. We know this sounds a little confusing, but don't worry because we would never present a problem without also presenting the solution!
Keep it clicked on this page as TopUSSportsbooks.com is going to walk all readers through the general deposit process used at most every major U.S. sports betting site. Within, the legal side of sportsbook deposits will be covered first in order to establish a sense of security when using these sites to begin win. Finally, our staff has taken the liberty to show readers some of our favorite sportsbooks that use many of the excellent funding methods that we've come to rely on, and discuss how they work along pros & cons of using each option.
Many people just want to know the fastest and most efficient deposit method. This would be credit/debit card deposits, which are simple and quick. The sportsbooks will generally credit your account within minutes of entering your card information. If your card doesn’t go through, there is no harm in trying a few out. If you don’t have any luck, there are always many alternatives to choose from.
Most of the worthwhile sites out there offer a wealth of funding options for players new and old. The most popular method is via a credit/debit card, which is simple, quick, and fast. While this is the options that most players will choose, there are plenty of alternatives in case your card is declined, or you just feel like trying something different.
Credit & Debit Cards - This is the most popular method for getting your cash in to your account. Using a card to deposit works similar to purchasing something online. You will just go to the online cashier, pick this method, type in the digits on your card along with the amount you want to put in, and your funds will appear in a jiffy. Occasionally, credit cards will not go through because the card company puts restrictions on overseas purchases. If this happens you can try out multiple cards, or just choose a different method.
Cash Wire Transfers - The second most used deposit method is by way of Western Union, MoneyGram, or other cash wire services. You can purchase one of these at your local retailer that offers cash wires, or you can complete the whole process online by choosing the retailer from a drop-down menu. Most sites will cover the fees for deposits over $300, making cash wires great for larger deposits.
Money Orders - A good-old money order is always an excellent method for funding your account. You can purchase money orders at many local retail outlets. Just send one to the site for the amount that you would like to deposit, and they will credit your account as soon as it arrives. This is a very popular method for those that don’t mind waiting a little while for the transaction to happen.
Bank Wire Transfers - A bank wire will transfer the money directly from your checking or savings account to the sportsbook. This is a quick method for deposits, usually taking less than two days. Just supply the site with your bank wire instructions and send the amount on over, they will credit your account as soon as the transaction processes. There are significant fees for bank wires, making them best for large deposits.
Prepaid Gift Cards - Many sites will allow you to use Amazon, Walmart, and My Cash cards to make deposits. Most of these require you to have withdrawn at least once with the gift/cash card method in order to make a deposit. These are great if you like to shop at certain places, or use My Cash cards. Most of these methods come with certain amounts, such as a $500 deposit only. This means you can only deposit that exact amount. Some also come with deposit amounts in certain increments, such as $50.
Bitcoin - Players who use bitcoin for online purchases are in luck, most online sportsbooks now allow you to transfer funds directly from your Bitcoin account. This is a very fast deposit method, usually taking a few minutes, and there are rarely any fees. Bitcoin is its own form of currency, so there will be exchange rates. These rates are usually quite low.
Learn More: US Sports Betting Laws
Sportsbook Deposit Fees - Many sportsbooks require inordinate fees in order to fund your account. The sites that we review and use do not. In fact, these sites make keeping fees low a prime goal. You may wonder why fees are there in the first place. International transactions are expensive, and without minimal fees, these sites would probably go out of business. Credit/debit card fees are usually under 6%, and are sometimes free. Cash wire and bank wire transfers have significant fees varying between $25 and $65 depending on the amount you deposit. This is one reason why these methods are best for large deposits. My cash/gift cards and bitcoin deposits usually come with no fees.
Sportsbook Deposit Times - Each method takes a little time to process, and some are faster than others. Credit/debit cards, bitcoin, and gift cards are the fastest deposit methods. Each of these usually takes just minutes to complete. Cass and bank wires can take a couple of days, but usually less. Money orders take the longest, sometimes a few weeks. Each method works perfectly, so any of them should be sufficient for a sports fan.
Sportsbook Deposit Limits - The cost of international exchange can get quite high, so the US online sportsbooks must make sure that the transfer of funds is worth their time. This means that most methods have minimum and maximum deposit amounts. Credit/debit cards range from $50 minimums to $3,500 maximums. Cash wire transfers usually come with minimums of $50, and maximums of $1,000. Bank wire transfers are best for large deposits, with minimums of $1,000, and no maximum amounts. Check out the online cashier of the site you are using to learn more.
We are massive sports fans ourselves, and have high expectations for every new top U.S. sports betting site we play at. Because of this, we have narrowed down the many options that are out there into a few sites that we feel stand above the rest for various reasons. The sites we will review here have, for our money, the best all-around deposit options. We regularly fund our accounts and are always pleased with the service and speed of the transactions. Let’s look at a few of our all-time favorite sports betting sites that welcome USA players.
You might be wondering if all sportsbooks are made equal. This is not the case, which is why we truly appreciate a site that breaks the mold. SportsBetting does away with much of the visual clutter that other sites tend to focus on, and instead give you an unparalleled wagering experience. This is one powerful sportsbook, and taking a look at the amount of games on offer, whether it be basketball or political odds, will prove that. This site is for those that want to get in and place a wager quickly, without having to click through gimmicky pages.
SportsBetting happens to offer more US sportsbook deposit methods than most sites we have used. You will see credit/debit cards, Western Union, MoneyGram, money orders, bank wire transfers, Bitcoin, and more. Each method comes with different fees, limits, and speeds, but each one is super-efficient and safe. Head over to SportsBetting today and check out the online cashier to learn more about what they offer. Also check out sportsbook bonuses at SportsBetting and the quick US sportsbook payouts.
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