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Venmo Betting Sites - Things You Must Know!

Last Updated on 05/26/2024

Why is Venmo the perfect payment method to play on online betting sites? A full analysis shows that Venmo betting sites are some of the best platforms to enjoy the best gambling experiences. We’ve put together a comprehensive guide to help you find the best betting sites that accept Venmo.

The top Venmo bookmaker options (via PayPal)

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Bet365
1.
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4.7/5
Find out more on Bet365.
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BetMGM
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4.7/5
PayPal
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PayPal accepted
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FanDuel
3.
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PayPal
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Venmo Betting Sites: Pros & Cons
  • ✅ Offers credit and debit card options
  • ✅ Free when transferring with debit cards
  • ✅ Instant deposits
  • ❌ Cannot cancel payments

How to use Venmo on Betting Sites

In five simple steps, you can start use Venmo to be able to bet online:

  1. Download the app available for iOS & Android
  2. Open the Venmo app after downloading
  3. Choose a sign-up method and then create a password
  4. Verify your email address and mobile number
  5. 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

Bet365
1.
Favicon
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First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
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BetMGM
2.
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Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Skrill
Virginia (US) Lottery Board
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T&Cs apply, 21+

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

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
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Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $10
Copy
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FanDuel
3.
Favicon
4.6/5
Bet $5 Get $150 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
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T&Cs apply, 21+
Caesars
4.
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4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
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DraftKings
5.
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Virginia
Players from Virginia accepted
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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

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
PayNearMe
Skrill
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $150 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
E-Check
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
20% up to $1000
Virginia
Players from Virginia accepted
PayPal
VIP Preferred
Play+
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

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

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