Venmo Betting Sites: Pros & Cons
- ✅ Offers credit and debit card options
- ✅ Free when transferring with debit cards
- ✅ Instant deposits
How to use Venmo on Betting Sites
In five simple steps, you can start use Venmo to be able to bet online:
- Download the app available for iOS & Android
- Open the Venmo app after downloading
- Choose a sign-up method and then create a password
- Verify your email address and mobile number
- Add, and then verify the bank account you’re going to use
It’s as easy as that! And, you can also access Venmo from your PC.
Top 5 alternatives to Venmo Betting sites
1.
$1000 in Bonus Bets
Players from Virginia accepted
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Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
100% up to $1000
Players from Virginia accepted
Venmo sports betting in few words
Venmo was originally created as a way to sell music online but soon developed into a peer-to-peer payment platform. A social side was eventually integrated into the service. Venmo was eventually acquired by PayPal. Today, the company processes transactions worth more than $15 billion every year. It, therefore, doesn’t come as a surprise that Venmo betting sites are becoming popular.
It’s worth noting that Venmo is only available for US transactions, which means both the sender and the recipient should be in the States to use this betting sites payment method.
Setting up an account for Venmo sports betting is extremely simple, whether you want to do it on your PC or using the Venmo app. Next, you have to fuel up your Venmo account. This is simple enough if you already have friends or clients who use the service. Else, you can use your debit card, credit card, or a direct bank transfer.
Bettors can also use the Venmo MasterCard to process their deposits and payouts.
Top 5 sports betting bonuses
1.
Bet $5 Get $150 Instantly
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $5
2.
Bet $5 Get $150 in Bonus Bets + 3 Months of NBA League Pass
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
3.
up to $1,500 back in Bonus Bets
Players from Virginia accepted
Min. Deposit: $10
4.
$1000 in Bonus Bets
Players from Virginia accepted
Min. Deposit: $10
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
5.
–
Players from Virginia accepted
Advantages of using Venmo
One thing you’ll begin to notice once you start playing at online betting sites is that deposits and withdrawals are extremely important. Sometimes you need to deposit more than initially planned, so being able to deposit via mobile is required. Losses in the form of transaction fees have also been known to cause a lot of problems. As such, before we recommend Venmo sports betting, we have to explain how it’ll benefit your gaming. Gambling at the best betting sites with Venmo will always come with the following benefits.
Universal merchant
If you live in the US, chances are high that you or someone you know already uses Venmo for everyday transactions. If you don’t, signing up takes just a minute or two. It’s also free. Because many players already use Venmo to make and receive other payments, using the payment method to power up their interplanetary gaming sessions, instead of playing at Apple Pay betting sites, is a no-brainer. To put it in laimans terms, if you already have gasoline regularly delivered for use in your car and boat, it only makes sense to get a motorcycle that runs on the same fuel.
Available on mobile
Venmo sports betting sites typically have native apps for Android and iOS mobile devices. If not, you’re sure to get an equally capable HTML5 web app.
Fast transactions
At a Venmo bookie, you’re guaranteed instant deposits. You can, therefore, play your favorite games or act on your gut instinct just before a football game starts. Payouts are also a same-day affair, so no need to worry.
Everything you pay goes in
At Venmo betting sites, players can start betting from the off. Everything you pay goes into your bookie account. Your Venmo account also doesn’t have any monthly or annual fees.
Top 5 best betting sites with Venmo
1.
Bet $5 Get $150 Instantly
Players from Virginia accepted
2.
Bet $5 Get $150 in Bonus Bets + 3 Months of NBA League Pass
Players from Virginia accepted
3.
up to $1,500 back in Bonus Bets
Players from Virginia accepted
4.
$1000 in Bonus Bets
Players from Virginia accepted
Visit Site
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
5.
–
Players from Virginia accepted
Disadvantages of Venmo Bookie
In the case of Venmo sports betting, it’s the frequent unavailability of the banking option as a withdrawal method. This is something we’re keeping track of and will update as more gambling providers expand to accommodate the payment options for payout requests.
Venmo sports betting transactions are basically cash transactions. As such, once you make a payment, you won’t be able to request a chargeback or claim a refund. The company, however, protects its customers from fraud. So, if you lose money to bad actors, you’re likely to get it back, albeit in days or weeks.
How bookmakers that accept Venmo compare to other options
Playing at Venmo betting sites is a tried-and-true option when you want to access quick, seamless deposits and withdrawals. That, however, doesn’t mean it’s always the best way to go. Venmo’s instant deposits are much more faster than the 1-3 days you get with bank transfers. True, other eWallet and card options also facilitate instant deposits.
But while a lot of such payment options allow you to link your debit card, few offer their own card that’s linked to your account. By offering a MasterCard, Venmo makes it easy for bettors to move between online betting and other transactions. As you’ll find, the Venmo app is a lot easier to navigate and allows you to brag to your friends about your newly-found winnings from betting. Take a look at this deposit and withdrawal payment method comparison:
| Venmo | VISA | Paysafecard |
| Average deposit time | Instant | Almost instantly | Up to 5 business days |
| Average withdrawal time | Within 48 hours | 2-5 business days | Processed within 24 hours |
Best Venmo betting sites FAQ
❓Is it difficult to sign up at Venmo?
No payment provider will try and make it difficult for you to sign up – in fact they will try and make it as easy and possible! To find out how to sign up at Venmo and why it’s one of the safest options, read on.
💳 Can I connect my credit card to my Venmo account?
Venmo is not a bank account in itself, so you need to link it to a source that provides funds. There are several options you can choose from, and in our detailed Venmo sportsbook guide, we tell you all about them. Take a look!
🏈 Where can I find great Venmo sportsbooks?
Venmo is becoming more popular as a payment method for online sportsbooks in the US. However, to make sure you get the most recent information regarding sportsbooks that offer Venmo, you can take a look at our Venmo payment method guide.
🌎 Can I use my Venmo account for purchases outside the US?
If you like to do shopping internationally, you need a payment method that supports international transactions. You can find out here how and where you can use Venmo. Just keep in mind that legal gambling operators should be situated in your state. Take a look at your options
