Sportsbook Deposits Methods

Credit/Debit Cards

Credit/debit deposits are the most popular ways to fund your account. These work almost the same as buying something at an online retailer. You will just enter your card information, along with the deposit amount, and the site will credit your account in minutes. Occasionally credit/debit cards to get declined because of restrictions that the credit card company’s put in place. There is no harm in testing out a few cards until one works. Alternatively, you can always choose a different deposit method as well.

Processing Time: Credit/debit card deposits are some of the fastest methods to fund an account. After you enter the amount that you would like to deposit, you should see the money appear in to your bankroll within seconds. This can occasionally take longer, but it is rare.

Fees: Credit card deposits range from free, to a very small percentage of the deposit. The most you should ever be charged is about 6.4% of the amount you put in. Check the cashier section to see what fees the site charges.

Minimums/Maximums: Credit/debit cards come with minimums around $50 for most U.S. sports betting sites. Occasionally this number will be higher, but $50 tends to be the “industry standard”. Maximums range from $1,000 to $4,000 for each deposit, making this a great method for small-to-medium size deposits.

Cash Wire Services

Cash wire services such as Western Union and MoneyGram are popular methods for deposits that most online sportsbooks offer. The entire cash wire process can now be done completely online, making this a very simple way to deposit.

Processing Time: Cash wire services take between 12 and 48 hours to go through. If you want to deposit a large sum, this is the way to go.

Fees: Cash wire transfers come with fees that tend to range from $25-$85 depending on how much you deposit. Many sites will cover the fees for deposits over a certain amount, usually around $300. This is one of the reasons cash wire services are best for large deposits

Minimums/Maximums: Like credit cards, cash wire services usually come with minimums of around $50. The maximums can range from $650 to $1,000.

Money Orders

Money orders are a quite popular alternative to credit/debit deposits, and they tend to lend themselves to larger deposits due to fees. Just send the money order to the online sportsbook that you are a member of, and they will credit your account as soon as it arrives.

Processing Time: Money orders take longer than many other methods because you are relying on FedEx or UPS. Usually money orders take around a week or two, but can sometimes take up to one month to get to the site.

Fees: Money order fees range from $25 to $85 depending on the amount you deposit. This is one of the reasons this method is preferable for large deposits. Some sites will cover the fees depending on the amount you deposit.

Minimums/Maximums: Money orders have high minimums, usually around $300. The maximums tend to be high as well, in the $10,000 range. This is an excellent deposit method for big amounts.

Bank Wire Transfers

Bank wire transfers are less popular than the other options we have listed, but are still efficient ways to fund your account. They also have very high minimums and maximums, and so are only recommended for large deposits. You should call or email the U.S. sports betting site that you are a member of to get full instructions on making a bank wire deposit.

Processing Time: For bank wire transfers the process is typically short, usually taking only 1-3 days. This is great if you are looking to add a large amount to your account fast.

Fees: Sites vary on the fees for bank wire transfers. You can expect to pay around $20-$75 depending on the deposit amount, but some sites don’t charge any fees. Check out the online cashier to see which fees are in place.

Minimums/Maximums: Bank wire transfers have very high minimums, usually around $1,000. There is no maximum on most sites, making this a preferable method for high rollers looking to put a lot of money in their account.

Prepaid Cards

Prepaid cards such as my cash cards and gift cards are taken by most sites as viable deposit methods. Amazon, Walmart, Vanilla Reload, and My Cash cards are some of the many prepaid methods that are available at most online sportsbooks. These work much like credit/debit deposits. You will enter the card information and how much you would like to deposit and your account should be funded within minutes.

Processing Time: Prepaid cards take about as long as credit/debit deposits; only a few minutes usually. These are also hardly ever declined, so they have more of a success percentage rate than credit/debit cards.

Fees: One of the great things about prepaid cards is that there are no fees. This is one deposit method that will not charge you more money for your deposit.

Minimums/Maximums: The one major caveat about prepaid cards is that most sites only accept them in certain increments, or exact amounts. For instance, a My Cash car deposit might only be available for a $500 deposit, and that’s it. Any less or more will be declined. Some cards also only allow you to deposit in increments of $50 or $300, etc… Check the online cashier to see more about prepaid cards.

Bitcoin

This is a relatively new deposit method that allows Bitcoin users to transfer funds between accounts. This is a popular method for Bitcoin users because it is fast, and there are rarely fees. Check out the online cashier for full instructions on how to set up a Bitcoin funding system.

Processing Times: Bitcoin deposits are very fast, usually taking a few hours at the most. Occasionally problems do arise which can make them take longer, and sometimes BitCoin will not be available due to technical difficulties. This makes Bitcoin “subject to availability”.

Fees: One great thing about Bitcoin is there are no fees for most sites. Since Bitcoin is considered its own form of currency however, there will be exchange rates. These rates fluctuate all the time with the ever-changing dollar amount.

Minimums/Maximums: Bitcoin limits are different from site to site. Some sites have minimums of $20, while others have minimums around $100. The same is true for maximums, which can range from $3,500 to $25,000. Check the online cashier to learn more about using Bitcoin to fund your account.

Checks

Last but not least is the good old-fashioned check in the mail. This dated delivery method is still going strong for U.S. sports betting sites everywhere. Much like a money order, you will just send the check with the deposit amount to the site, and they will credit your account when it arrives.

Processing Time: Checks can take from a week to a month to arrive. When it does get to the site, they will credit your account immediately.

Fees: Service charges for checks can range from $15 to $50 depending on the amount your deposit.

Minimums/Maximums: We only recommend checks for large deposits because of their high minimums. The minimum usually hovers around $1,500, and the maximums around $25,000