Venmo Betting Sites – The best payment method for US bettors
American bookmakers are finally reemerging and local gamblers can once again play their favourite games and bet over the Internet. Venmo betting sites are among them and they provide punters with reliable online payment options.
In the paragraphs below we take a closer look at this financial instrument and see how it compares with other payment methods.
We explain how to set up a Venmo account, load it with cash, and take a closer look at the Venmo betting site limits.
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What is Venmo and how can you use it to pay at your bookmaker 🧐
Ven
mo is a payment option that can be found at most USA betting sites. The payment system was founded back in 2009, so it has been around for more than a decade and it can be trusted with real money. It was recently acquired by PayPal, so you can expect to be allowed to make Venmo payouts at PayPal bookmakers and online casinos.
It is a superior solution to bank cards and pay by phone bill because it speeds up the process and makes it more convenient. You can load your account through a voucher or use the player transfer model, which is immensely popular in the US. Venmo has no KYC requirements like other betting sites with bank transfer and no commission, while it still complies with local gambling laws.
Betting with Venmo and the bonuses 🎁
Venmo transactions grant players access to the same offers and promotions as their counterparts who play at credit card bookmakers. Choosing betting sites that accept Venmo you will qualify for the best deals.
The most popular deals are in the form of match deposit bonuses offered to new and existing punters. New members usually get the best deals when using any of the popular online payment methods. No deposit bonuses and free bets are less common, but they can be found alongside cashback offers.
Why Venmo is one of the best payment providers 👑
Making deposits and withdrawals with Venmo at online betting sites 💰
If you have a Venmo balance you can make a deposit at your online bookmaker of choice. Otherwise, you can go to one of the ATMs and purchase the voucher, just as you would with VISA gift cards (like Vanilla Visa). Gambling operators allowing voucher payments will enable punters to select the voucher or player transfer option for Venmo. Once the transfer goes through, you can use the money to bet on sports.
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How to choose the best bookmaker that accepts Venmo
The number of Venmo betting sites online is growing and Americans enjoy playing at such casinos and sports betting exchanges bookmakers. As more options become available, the real challenge is to find the best operators and there are a few things to keep in mind.
Other interesting payment methods which you can use 💳
Venmo betting sites are making strides in the US market, but they are not the only ones out there. Players have multiple alternatives and it’s important to know what these banking instruments stand for and what they have to offer. Credit and debit cards such as Mastercard, wire transfers, and e-Wallets as well as cryptocurrencies are used routinely for gambling and they have unique advantages and shortcomings.
Pros and cons of using Venmo for online betting 👍 & 👎
PROS
- Perfect for mobile gamblers
- Save and fast money transfers
- The inexpensive payment method with no fees
- Popular at US licensed bookmakers
CONS
- Only Americans can use it
- Only American players can use it Relatively few bookmakers offer it
Frequently asked questions about Venmo 🤔
Most of the new gambling operators catering to American players have added Venmo payments. Also bookmakers which accept PayPal payments support venmo.
You can make a deposit instantly without paying any fees straight from your mobile app. Deposits are very easy and fast also through the bookmaker’s payments page.
There are no extra fees to deposit with Venmo or to transfer money to your friends.
Most casinos and bookmakers have welcome bonuses and Venmo deposits qualify.
There are no cashback options, so when you make a payment in this manner, it is definitive.
The limits depend on the bookmaker of choice, with information available in the FAQ section or the bookmaker’s payments page.
At US betting sites, in Venmo we trust
Americans have been using Venmo for quite a while as an alternative to Amazon Pay method, but the surging popularity of mobile devices made this payment method more visible. Online casinos were quick to respond and now you can transfer funds quickly using this payment solution. There are no fees involved, similar to Revolut paying option, and the mobile app is perfect for gamblers who use smartphones and tablets to play casino games and bet on sports. You qualify for bonuses and any promotions available, so there are no downsides to using Venmo.