Deposit Methods at the Best Online Sportsbooks
Let’s pretend that you have already joined an online sportsbook. You have signed up for an account and you want to start betting immediately. What do you do next? You need to put some money in your account. But how do you know which method works best? After all, there are about many different methods available, each with their own deposit limits, processing times, and speeds. Fear no more, because you have found our deposit methods page at BestOnlineSportsbooks.com
This page will relay all the most important information about funding methods at sports betting accounts. You will learn all about the legal and safety issues pertaining to deposit methods. We will recommend some great online sportsbooks that make funding your account a simple task. We will even provide a list of all the most common ways to deposit money at an online sportsbook, including information about the various limits, fees, and processing times.
Yes, you can legally make an online sportsbook deposit using a variety of methods. There is, however, a law on the books known as the UIGEA (Unlawful Internet Gambling Enforcement Act) that restricts online sportsbook money transfers. This controversial 2006 law was railroaded through Congress, attached to a totally unrelated bill called the Safe Port Act. Fortunately, the UIGEA does not affect sites that are based outside of the United States, like the best legal sportsbooks we recommend on this page. All of the deposit methods you will find listed on this page are legal.
Are Deposit Methods Safe?
Absolutely. All money transfers at online sportsbooks are secure. They use the same type of encryption technology that online banking institutions use, whereby plaintext data is converted into something called ciphertext. What this means is that if anyone tries to hack into the system, they will not see the actual text, but long strings of code that can only be deciphered using a special code key, which can only be accessed by the site administrators. Online sportsbooks also use firewalls, which are used to monitor all site traffic.
The online sportsbooks listed below each offer a diverse list of funding methods. These sites meet all of our standards of security and safety. They are fully licensed and regulated, which means they have gaming licenses and are overseen by gaming commissions to make sure they are operating safely and legally. These online sportsbooks pride themselves on being the very best in the business, and their reputations are spotless.
Best Legal Online Sportsbook for Deposits!
Get the ultimate online sportsbook experience when you join Bovada. It is one of the most trusted betting sites on the internet, and you can join free of charge as long as you are 18 or older. Bovada accepts players from most states, and you do not have to worry about getting in trouble because Bovada is legal. It is also a very safe site, featuring some of the latest security technology. You can get your very own Bovada account in just a couple minutes by going to the site and clicking “join now.”
Adding money to your Bovada account takes only a few moments. You can find a list of fast deposit methods by clicking on “Make A Deposit,” which can be found on your Dashboard page. Your various options include Visa or MasterCard, prepaid card, Western Union and MoneyGram. Each of these methods is great in its own way. For overall speed and convenience, credit or debit is the way to go. If you want to deposit a lot of money at one time, try Western Union. Prepaid cards like Netspend are great because there is more flexibility in how much or how little money you can deposit at one time. Each method has its benefits, so check Bovada for the finer details. You will be glad you did!
Best Online Sportsbook Legal For Players in 50 States!
Enter the thrilling world of online sports wagering and join BetOnline today! There are many other online sportsbooks out there, but BetOnline blows them all out of the water. That’s because no other online sportsbook has many fantastic member benefits, everything from extensive game lines, odds and wager types to money-saving deals and special offers. Sports betting fans in all fifty states are welcomed with open arms at BetOnline, and there are no monthly costs or joining fees. BetOnline provides a long list of funding methods for your convenience.
At BetOnline, you will be able to choose from a bunch of easy deposit options. You can use your credit or debit card to deposit as much as $3,500 or as little as $50. Accepted card brands include Visa, AmEx, MasterCard, Discover, Diners Club and JCB. Credit/debit transactions post to your account in just seconds, making this the fastest and easiest way to fund your account. Another great way to fund your account is Western Union or MoneyGram. These money transfer services are also known as cash wire transfers. Simply go online and fill out the proper form. Money order is another great service. It lets you deposit as much as $9,000 at a time, and there are no fees involved, although there may be a delivery cost. Rounding out the deposit methods list are bank wire transfer and Bitcoin. Don’t forget to check BetOnline’s cashier page for more information.
Now is a good time for you to learn about the various individual deposit methods you will find at the best online sportsbooks recommended on this page. There is a lot of variety here, as different people have different needs when it comes to limits, speeds, fees, etc. We will give you the most important information about each of these great funding methods, each of which is safe, legal and legit.
Credit/Debit Card
Credit/debit card is a method that you will find at most every online sportsbook. This is because credit/debit is the most popular way to make an online sportsbook transaction. Visa and MasterCard are the biggest brands, although American Express, Discover, JCB and Diners Club are also very well known. People like to use credit and debit cards because they only take a few seconds to transfer, the fees are low (usually less than 6.5 percent) and minimums and maximums range from $50 to $3,500. Check your sportsbook, because all of these specifics can vary depending on the site.
MoneyGram/Western Union
These services are sometimes known as cash wire transfers, and the way they work is you have to fill out an online form for and contact your sportsbooks for instructions. The fees are usually around 2 percent, but most online sportsbooks will waive that fee if you deposit more than a $250 or $300. The minimums and maximums for Western Union and MoneyGram vary from site to site, although they are usually in the range of $50 to $5,000. The processing speed is not quite as fast as credit/debit card, but it usually takes less than two hours, which is pretty fast.
Money Order
A money order can be purchased at any participating retail business. Once you get your money order, you can ship it to your online sportsbook, which post it to your account as soon as they get it. Minimums are as low as $100, and maximums range from $9,000 to unlimited. The only fees you have to worry about are delivery or courier fees, but some online sportsbooks cover these if you deposit more than $1,000.
Bank Wire Transfer
Some folks like bank wire transfers because there is no limit to how much money you can deposit at a time, nor is there a fee, although you might be charged a wire fee by your bank. This method is geared toward those who want to deposit a lot of money at once, which is why the minimums are usually around $1,000. In order to make a bank wire transfer, contact your sportsbook and give them your routing number, account number, etc. This method is not quite as fast as some of the other ones are; it could take anywhere between one and three days before your money arrives in your account.
Prepaid Card
A prepaid card is a little bit like a debit card, only there is a set amount of money on it. Netspend is a popular prepaid card, available at several quality online sportsbooks. It is just as fast as a debit or credit card, and fees are about the same as well. A prepaid card is terrific alternative to regular credit or debit cards.
My Cash/Gift Cards
Examples of this type of deposit method include Amazon gift card and WalMart gift card. Not all online sportsbooks accept this method, but the ones that do require you to send in a picture of your card with the ten-digit code scratched off. This method is just as fast as any other card. The WalMart gift card is especially nice because you can put any amount on it, no matter how large or how small. In addition, you do not have to worry about extra fees.
Bitcoin
Bitcoin is one of the most popular eWallet services in the world. It turns real cash into electronic currency, which can then be traded with any site that accepts Bitcoin. Your bitcoins come out of your “eWallet,” to be transferred from your Bitcoin address to the sportsbooks’s Bitcoin address. Since it is all electronic, it goes without say that Bitcoin is a super-fast method. Deposit requirements range from $50 to $5,000 depending on the site. Although Bitcoin will not charge you any fees, you might have to deal with international exchange rates.
5Dimes – New DirectPay Deposit Method Accepted!
5Dimes is the first sportsbook to accept the new DirectPay deposit method that is taking the online sports betting world by storm. DirectPay works like most traditional banking methods, with the added benefit that it’s typically faster and more anonymous than the alternatives it replaces. As the newest deposit method at 5Dimes, you can deposit three ways: cash/counter, electronic transfer, and wire transfer.
With the DirectPay cash option, there is a minimum and maximum deposit limit of $100 and $2000 per day, respectively. Electronic transfers carry daily limits of $100 minimum and $9500 maximum. As with normal bank wires, DirectPay wires have no daily maximum. 5Dimes is in the vanguard with DirectPay, and they’ve proved once again to be in the business of making everything as simple and straightforward for their customers as possible. Best of all, depositing with DirectPay also makes you eligible for all of 5Dimes’ excellent bonuses, including their $520 Welcome Bonus and their exclusive Reduced Juice program.