- Legal Online Sports Betting - USA Sportsbook Deposit Methods

Sportsbook Deposit Methods For U.S.A. Players

Before you are even capable of placing a wager, you will have to figure out you are going to transfer your money into your gambling account through the sportsbook deposit methods open to USA players in 2022. The number of funding options fluctuates, adding, and subtracting new methods as time goes on. We have found that American gamblers will face some of the harder transactions, as banking restrictions have made it somewhat complicated to fund your account. As active members of the legal sports gambling community, we can tell you that you can very easily fund your account if you follow our advice.

Here on this page, we will go into detail about the different types of deposit and funding methods that are available at these online sportsbooks allowing U.S. players. In many cases, players from the United States will have several options to choose from, as many are almost universal when it comes to sportsbooks no matter where they operate from. But as you will also come to find out, it's not all roses when an American player is looking to deposit in 2021. This is due to several of the federal bans and legislation placing restrictions on financial transactions in the U.S. for the express purpose of gambling on the Internet.

Types Of Sportsbook Deposits Options

We have found that online sports gambling sites offer their users a fairly wide range of different funding options. Credit cards, e-wallets and bank methods are the most common forms of funding options with online gambling sites. The credit card option is not as common as it once was, but it is still likely that you can fund your account fairly easily by way of these cards. MasterCard and VISA are the most common. Bank methods include such options as e-checks, wire transfers, bank drafts, paper checks and the like. Wire transfers are actually one of the most heavily used funding options on the market, as they offer deposits that are higher than most other transactions. E-wallets are services that are similar to PayPal, services that can be used to act as an intermediary between your bank account and your gambling account. These are safe, effective, and generally preferred when available. Most sportsbooks that accept US players prefer wire transfers, so keep this in mind when you start making deposits.

Reviews Of Sportsbook Deposit Methods

Bitcoin is the best way for anyone to get their money into an online sportsbook, and it allows for players to access the best bonuses as well. It is highly recommended, as it is easier now to get into Bitcoin than it has ever been.

Bitcoin Sportsbook Deposit Info

Site: Minimum: Maximum: Fees: Time Frame:
Bovada $10 $5,000 0% Up to 24 hours
BetOnline $20 $500,000 0% Up to 15 minutes
MyBookie $20 $10,000 0% Up to 2 hours
Xbet $20 Depends On Customer Level 0% Depends
BetUS $10 $50,000 0% 30 Minutes
SportsBetting $20 $500,000 0% 2 Hours

Other cryptocurrencies, such as Ethereum and Bitcoin Cash, are also useful for getting money into online sportsbooks. However, their usefulness depends on whether the sportsbook in question accepts them as a deposit method.

Ethereum Sportsbook Deposit Info

Site: Minimum: Maximum: Fees: Time Frame:
Bovada $50 $5,000 0% Up to 30 seconds
BetOnline $50 $100,000 0% Up to 2 hours
MyBookie $20.00 Depends On Customer Level 0% Depends
Xbet $20.00 Depends On Customer Level 0% Depends
BetUS $10.00 $50,000.00 0% 30 Minutes
SportsBetting $50.00 $100,000.00 0% 2 Hours

American Express may be the least common credit card for sports gambling, but several online sportsbooks do use this option as their own. You will find a few sports betting sites that have incorporated American Express as a funding option.

American Express Sportsbook Deposit Info

Site: Minimum: Maximum: Fee:
BetOnline $25 $5,000 7.50%
MyBookie $45.00 $2,500.00 6.00%
Xbet $45.00 $2,500.00 6.00%
BetUS $50.00 $2,499.00 7.50%
SportsBetting $50.00 $2,500.00 7.5%

Bank drafts, also known as cashier's checks, can be used to make payments into some online sportsbooks. You will find that there are a few sports betting sites that will allow you to mail in a bank draft and have a payment made as soon as it is received.

Bank transfers can be used to move money directly into a gambling account. You can make payments into your gambling site by visiting a bank, telling them you want to make one of these payments and have the account number of your sportsbook available as the recipient. Though they can take some time, these are safe, secure, and often have high limits as to how much you can ship.

Electronic Checks are some of the best deposit methods out there. E-checks will allow you to transfer money directly from your bank account without having to use a third party or an intermediary. These are generally free, usually instant, and make payments as easy as possible.

MasterCard is the second most common type of credit card used in online sports gambling. Many sportsbooks have ceased offering this deposit option, so those with only an MC and not a VISA could have some trouble making deposits.

MasterCard Sportsbook Deposit Info

Site: Minimum: Maximum: Fee:
Bovada $20 $1,500 15.9% Or Higher
BetOnline $25 $5,000 7.50%
MyBookie $45.00 $2,500.00 4.90%
Xbet $45.00 $2,500.00 4.90%
BetUS $50.00 $2,499.00 7.50%
SportsBetting $50.00 $2,500.00 7.5%

MoneyLineWallet is one of the few e-wallets that is still functioning in the United States. If you use MoneyLineWallet you can transfer funds into and out of your sportsbook. To sign up to MoneyLineWallet you have to visit the cashier of one of the sites accepting this deposit method and you can have the account opened.

MyPayLinq is another e-wallet that provides users in the United States with the ability to transfer money directly into a gambling account. MyPayLinq is openly accessed, so you don't have to ever find an invitation to sign up for their service.

Prepaid cards are like credit cards but they are not actually attached to any account you own. You will find that prepaid cards can be purchased with cash at a variety of convenience stores, and you can transfer your money very easily into your gambling account.

Western Union is a great method for U.S. players as it allows them to use cash to make deposits into gambling sites. With thousands of places where Western Union wire transfers can be placed, this method is also very convenient.

VISA cards are the most common of the credit cards, and you can use them very easily to make deposits into your gaming account. Almost every single online sportsbook accepts VISA. If they do not accept VISA, they do not accept credit cards period.

Sportsbook Payouts

Retrieving your winnings is of the utmost importance.If you are going to gamble online, you will want to make sure your sports betting site offers enough withdrawal methods to make the whole affair of gambling as easy as possible. With these sportsbooks you will generally have multiple options available, including wire transfers, paper checks, and also e-wallets. Every sportsbook offers their users multiple options for getting your money back from your gaming site. You will be able to get your winnings easily, though some of the gaming sites have their own caveats when it comes to online gambling. For the most part your payments will take anywhere from 3-14 days to cash out, though this number can be a bit higher if you have not completed the cash out requirements associated with the sportsbook.

Fax Back Form

When it comes to cashing out your winnings, you will have one major hang up. This is the verification form that is found through every single online sportsbook. Each online sportsbook requires their users to send in a verification form. The old way of doing this was to download it off of their website, print it out, fill it out, and fax it back in, hence the name “Fax Back Form”. However, most sportsbooks no longer require an actual fax. You can also scan the form and e-mail it to the gambling site in order to cash out the winnings, or fill out the form online. You have to fill out one of these for every credit card you used for gambling online. You have to scan a copy of the card and your photo ID and send these into your gambling site. The final requirement is sending in a copy of a recent utility bill, which will once again prove your identity, that you aren't using a fraudulent credit card, and that you are of the legal age to gamble.

Legalities Of Sportsbooks And Depositing Money

While some players had debated whether or not it is legal to make deposits into gambling sites, as per the Unlawful Internet Gambling Enforcement Act, you will have to keep in mind that it is not illegal for you to make these payments. The only thing that is illegal is for payment processors to process the payments - you are not breaking the law by depositing into a gambling site.

Final Thoughts

In the end, funding your account should not be that big of a deal. You should be able to transfer money into your gambling account very easily through any of the multiple methods that are available. With the high number of sportsbook deposit methods available, you should be able to process payments very easily. This is especially important when it comes to collecting on sportsbook deposit bonuses, which can be found via many deposit methods.

Site: Bonus Name: Bonus Code: Percent Bonus:
Bovada Bitcoin Welcome Bonus BTCSWB750 75%
BetOnline Crypto Reload Bonus CRYPTO35 35%
BetOnline 1st Time Crypto Bonus CRYPTO100 100%
SportsBetting 1st Time Crypto Bonus 100CRYPTO 100%
SportsBetting Crypto Reload Bonus 35CRYPTO 35%
BetUS 100% Crypto Sports Bonus SU100CRYPT 100%
BetUS 100% 1st Crypto Sports Deposit Bonus RU100CRYPT 100%
BetUS 100% Crypto Sports Bonus on 2nd/3rd Deposit 100CRYPTO2X 100%
BetUS 20% Cash Bonus on Crypto Deposits RU20CASH 20%

FAQ's About Sportsbook Deposit Methods

1) What does it mean when my credit card is declined despite having enough funds in my account?

Your credit card can be declined due to banking restrictions or your card issuer being unwilling to process payments for gambling sites.

2) How can I make payments with bank wires?

You will have to contact customer service, ask them for the target account into which you have to direct the funds.

3) Which companies can I use to process wire transfers?

Western Union and MoneyGram are the most popular companies for making wire transfers.

4) Do e-wallets offer individual funding methods?

Yes. For the most part, e-wallets offer several funding options that can be used to transfer the money into an account. E-checks and credit cards are among the most common.

5) How fast are deposits made into online sportsbooks?

Nearly every single sportsbook will offer you instant deposits through most of their methods. Some methods can take a little longer, wire transfers and bank transfers in particular. Check out our sportsbook reviews for more information specific to particular online sportsbooks

6) How fast are withdrawals through each online sportsbook?

If you have already submitted your verification form, it will take from 3-14 days to cash in your winnings.

7) How fast is my identity verification with the fax back form?

This can take up to 72 hours due to the nature of identity verification.

8) How much money can I withdraw at any given moment?

You will generally be able to withdraw up to $5,000 per week, with some sportsbooks offering less and no sportsbooks offering more - in most circumstances.

9) Is there any way I can get my deposit limit raised?

Yes. You will be able to have your deposit limit raised if you make a few deposits, verify your ID, and keep your account in good standing.

10) Do I ever actually need a deposit method outside of credit cards?

Not especially, though credit card deposits can sometimes fail.