Legal USA Sportsbook Payout Methods
When you finish betting on sports with online sportsbooks, you’ll want to make a request for a payout. There are different ways that you could request a sports betting payout and the process in doing so could take you just a couple of minutes. Before making a deposit, you’ll want to look over the legal sportsbook payout methods that are offered and know what needs to go into making a withdrawal before you just choose any method and go through with it.
How Long Does A Sports Betting Payout Take?
It all depends on not only which withdrawal method you are using as well as which online betting site you are using. Some methods have quicker processing times than others. The quickest processing time for any of the withdrawal methods is cryptocurrency and that goes for all forms of it on each online sportsbook.
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Types Of Legal Sports Betting Deposit Methods
You’ll notice that most of the withdrawal methods are similar to what you can make a sports betting deposit with, except for your credit and debit card. If you made your deposit with a card, you’ll need to use a form od online banking to make your withdrawal.
Cryptocurrency: Cryptocurrency betting payouts are convenient as you can make the withdrawal right back to your crypto wallet where you can then transfer it to your bank account. Cryptos including Bitcoin, Litecoin, Ethereum, and Bitcoin Cash can all be used across all online sportsbooks with no fees and quick processing times.
Check By Mail: This method is exactly how it sounds, the online sportsbook will write you a check and mail it directly to the address that you provide them. While it might not be the quickest method, you could cash the check and have the funds hit your account in no time from when you receive it.
MatchPay: Although MatchPay is only accepted at Bovada, it allows you to use Venmo, Cash App, Zelle, and PayPal along with several other Person to Person apps to exchange funds with other users making deposits. You’ll send the funds to MatchPay and from there, they’ll act as a middleman in swapping the funds to your account.
Player Transfer: With a player transfer, you could make a withdrawal through another user's account, usually someone you know. You’ll send the funds that you want to withdraw to another account and the user of the other account will make the withdrawal request for you and pay you out with another method outside of the sportsbook.
Money Order: When you request a money order withdrawal, the sportsbook will take your winnings to the nearest retailer that handles money orders and they’ll fill it out and send it to a money order retailer near you. One of the most used money order services in Western Union.
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What Are Sportsbook Payout Limits?
The limits of your payout are how much and how little you can make a withdrawal of. You are only allowed to make a withdrawal within those limits which do differ based on the method that you are using and which online betting site you signed up for.
What Is A Betting Payout Fee?
Almost every withdrawal method will have a fee linked to them on the transaction. Some methods will have higher fees than others and some might even have no fees at all including cryptocurrency. The main thing here is to keep in consideration the fee that you are paying when getting paid out so you are not surprised when it comes out.
