Legal USA Sportsbook Deposit Methods
Once you’ve created your online sportsbook account, you’ll look to make a deposit. There are plenty of different things to consider before you fund your legal USA sportsbook and not just use the first method that you see. Different online betting sites have different deposit methods for you to choose from and use and you’ll want to make sure you know which they offer and what exactly goes into making a legal sportsbook deposit.
Types Of Legal Sports Betting Deposit Methods
Most of the USA sports betting deposit options out there are universally accepted across each of the online sportsbooks. Before you choose your deposit method, there are different guidelines and backend measures that you need to know about each one.
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Sportsbook Deposit Methods For USA Players
Debit Cards/Credit Cards: Using your credit or debit card to make a deposit into your online sports betting account follows the exact same process as buying someone online. Each of the four major companies are accepted at online sportsbooks such as AMEX, Discover, Mastercard, and VISA. You’ll input your card information and the amount that you want to deposit and your funds will reach your account in no time.
Cryptocurrency: Cryptocurrency is accepted all across every online sportsbook, however, different forms are accepted on different sites. There are a few that are universally owned such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. You’ll link your crypto wallet to your betting account and transfer your funds from your wallet directly to your account.
MatchPay: MatchPay is only available on Bovada and is one of the easiest methods that you can use to make your deposit. MatchPay is where you use different P2P apps like Venmo, PayPal, CashApp, etc. to fund your account through another user that is looking to make a withdrawal. You’ll use MatchPay as the middleman and they’ll handle the transfer of funds between you and the other user until it reaches your account.
Wire Transfer: This is where you link your bank account directly to your sportsbook account and when you make a deposit, the funds come directly out of your account. You’ll need your checking account number to get it linked and from there you could make a deposit whenever you want.
Player Transfer: Here, you make a deposit with another user. Outside of your account, you’ll send funds to another user that has an account and they’ll make the deposit for you and have your betting account transfer the funds to your account from the other user.
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Deposit Fees
Almost every deposit method has a fee associated with it and what it is, is a small percentage of your deposit that is taken out during your transaction. A lot of users choose a specific deposit method based on the fees that are associated with them and which ones have the smallest ones.
Sports Betting Deposit Limits
This is both the minimum and maximum amount that you are allowed to make a deposit for. The limits do fluctuate based on the method and the betting site that you are using. You’ll only be able to process your deposit if you meet those limits.
How Long Does A Sports Betting Deposit Take?
Usually, deposits are transferred quickly, but some methods might have different processing times for your transaction to hit your account. If you are looking to bet odds quickly, you’ll want to review the processing times for each method and choose which one best fits.
