Author:
Nathan Walter
Last Updated:
09/22/2022
Experiences:
Commander of PlayersBest.com
Experiences:
Commander of PlayersBest.com
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Table of Content
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:
- 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.
100% up to
$1250
Caesars Sports Bonus
100% up to $1250
Caesars Review
*****
T&Cs apply, 21+
Highlights
3.
20% up to
$1000
DraftKings Sports Bonus
20% up to $1000
DraftKings Review
*****
T&Cs apply, 21+
Highlights
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.
100% up to
$1250
Bonus Code
****** Caesars Bonus Code
*****
T&Cs apply, 21+
Bonus Details
Type:
Risk-Free Bet
Cashable:
no
Requirements (WR):
1x Deposit
2.
100% up to
$1000
Bonus Code
****** BetMGM Bonus Code
*****
T&Cs apply, 21+
Bonus Details
Type:
Risk-Free Bet
Cashable:
no
Requirements (WR):
1x Bonus
3.
20% up to
$1000
Bonus Code
****** DraftKings Bonus Code
*****
T&Cs apply, 21+
Bonus Details
Type:
Deposit Bonus
Cashable:
yes
Requirements (WR):
25x Bonus
4.
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
Bonus Code
****** FanDuel Bonus Code
*****
T&Cs apply, 21+
Bonus Details
Type:
Welcome Bonus
Cashable:
no
Requirements (WR):
–
5.
100% up to
$100
Bonus Code
****** Unibet Bonus Code
*****
T&Cs apply, 21+
Bonus Details
Type:
Risk-Free Bet
Cashable:
yes
Requirements (WR):
1x Bonus
Advantages of using Venmo
One thing you’ll begin to notice once you have a few outer-space missions under your belt is that how you fuel your ship and transport booty is extremely important. Sometimes you need to take longer trips, so a refueling plan that’s available on mobile pods is required. Refueling losses in the form of transaction fees have also been known to cause a lot of failed expeditions. As such, before we recommend Venmo sports betting, we have to explain how it’ll benefit your gaming session. 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 earthly 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 get stuck in space.
Zero drag
At Venmo betting sites, players can blast into space unencumbered by drag. 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.
100% up to
$1250
Caesars Sports Bonus
100% up to $1250
Caesars Review
*****
T&Cs apply, 21+
Highlights
3.
20% up to
$1000
DraftKings Sports Bonus
20% up to $1000
DraftKings Review
*****
T&Cs apply, 21+
Highlights
4.
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Sports Bonus
Bet One, Get One: We’ll match your first bet placed up to $250 in free bets
FanDuel Review
*****
T&Cs apply, 21+
Highlights
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 launch your rocket. 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 most 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 missions on other planets. 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 treasure from betting at far-off galaxies. 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
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