US Sports Betting Site Payouts
If you're ready to learn all there is to know about getting money out of an online sportsbook, this is the place to be. Getting paid is the whole reason why we bet on sports to begin with, and that's why it is extremely important to find out how USA sportsbook withdrawals work, and the methods that are used to deliver funds to players. The goal of this page is to shed light on this topic, and help readers connect with sports betting sites that we know are capable of issuing fast and reliable payouts. Within are some of the finer points including fees that may be charged, info about the time it takes to get paid from start until finish, and even the withdrawal limits of different payout options including the frequency about which they can be requested. There is much to talk about, so lets not waste time talking about it...lets get it done.
While Bitcoin and cash/gift cards prove to be the fastest withdrawals, their other limitations make them less desirable than some of the more popular methods. This is why we recommend cash wire transfers if you are looking get the money in your hands fast. These usually take less than two days, and you can request a wide range of sums. Check out the cashier of the sportsbook you are looking at, as each site varies in their payout options.
Most online sportsbooks that accept U.S. residents out there have at least three or four payout methods to choose from. Some have as many as twelve, while others only have a few. Whichever site you do choose, you can be sure that the options are safe and fast. Because of the UIGEA, not site will have a credit/debit option for withdrawals. This is not a problem however, as the alternatives are all excellent ways of receiving funds. In the next few sections, we will go over all of the most used payout methods, as well as the fees, limits, and processing times.
Checks Through Mail or Courier Service - Probably the most popular method right now is by way of check. This old-fashioned but convenient method will get you your money relatively fast, usually in less than two weeks. The site will send a check in your name to your residence, and you can cash it at your local bank. This is a great way of withdrawing funds from any of the online sportsbooks, as pretty much all of them offer the check option.
Cash Wire Transfer Service - Cash wires such as MoneyGram and Western Union are excellent ways to collect your hard-earned winnings. These methods are very fast, usually taking less than 42 hours, and are a favorite amongst sports fans from all over the USA. Check out the online cashier to see if your site offers cash wires, and to learn how to request one.
Transfer Directly To Bank - Bank wire transfers deliver the money directly to your checking or savings account. This is a great method for requesting large sums because the fees and limits are somewhat high. We will learn about fees and limits later, but head over to the cashier of the sportsbook you are a member of, or thinking of becoming a member of, to read about their bank wire options. This will usually just involve you giving the site the relevant wire information, and can usually be done completely online.
Credit Through Cash & Gift Cards - Another popular method amongst internet users is the cash or gift card payout option. Most of these come with fixed amount, so you may only be able to request $300 per payout for instance. Gift cards are great if you like to shop at certain stores such as Amazon or Walmart. Cash cards can be used at many land-based and online retailers. These are great withdrawal methods because they rarely come with fees.
Winnings Issued In Bitcoin - For those that use and are familiar with Bitcoin, most sites allow you to conduct transactions directly from and to your Bitcoin account. This is one of the fastest payout methods available, and rarely comes with fees. Bitcoin is always labelled as “subject to availability”, so occasionally it might not be an option. Still, this is a safe and fast way to collect funds from a US online sportsbook.
Sportsbook Payout Fees - The cost of sending money overseas can get very expensive, so many payout methods come with modest fees. These differ greatly by site and by payout method. For instance, a fee for a check can be as low as $0, and as high as $25 on some sites. Many sportsbooks offer one free check payout per month, which is more than enough for many players. Cash wires and bank wires each usually come with substantial fees between $20 and $65, making them best for larger payouts. Cash/gift cards rarely come with fees, same with bitcoin. Check out the online cashier to see the fee amounts for each payout method.
Sportsbook Payment Processing Times - If you lack patience, many payout options transfer almost instantaneously. Methods such as bitcoin and gift cards take less than a day to process. If you can stand to wait a little while, many of the more popular methods will get you your money quite fast as well. Checks are the slowest, but one of the most reliable methods. Cash and bank wires are quite fast as well, usually taking less than 48 hours. Check out the cashier to learn about times for each method.
Sportsbook Payout Minimums & Maximums - The cost of sending money overseas can get quite high sometimes. Because of this, the USA sports betting sites put minimums and maximums on most payout amounts to ensure that the transaction is worth it for both the site and the player. Some methods such as bank wire transfers will have no limit on many sites, making it great for very large withdrawals. Most options will have minimums and maximums. Check minimums tend to be around $50, with maximums of around $3,500. Cash wire transfers can come with minimums as low as $50, and as high as $3,000. Cash/gift cards usually payout in certain amounts or incremental numbers. For instance, some sites will only allow a gift card withdrawal of exactly $500, while some will allow you to request payouts in increments of $50.
Being sports fans ourselves, we know what to look for in a top US sports betting site. Among the most important things to consider is that of funding. The methods that these sites use to receive and dole out your money are very important. That is why we have scoured the web in order to bring you our opinions of the best sportsbooks with the most efficient payout methods. Check them out below!
BetOnline is a haven for fans of competitive games, and even political and entertainment competitions. The world-class sportsbook has it all, from baseball to wrestling, and even darts and snooker. Not only can you find almost any sport you can imagine at BetOnline, they also have leading odds on political races and the entertainment world. Signing up is simple, free, and quick, and there are the best sportsbook bonuses awaiting you.
BetOnline is our sportsbook of choice because there are numerous US sportsbook funding methods to choose from. You will find plenty of ways to receive your winnings, including checks, Western Union, MoneyGram, bank wire, bitcoin, and more. Visit the online cashier before you sign up to take at each method. You will have a tough time finding a comparable site anywhere on the web.
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