So you have selected the sportsbook that fits your needs the best, and you’ve created an account…now what?
You tried to deposit money, but your credit card was declined, or you don’t know how to get money from your bank to your betting account. I give you a few tips on how you can get on with winning money instead of being stuck in the mud. There’s nothing worse than watching a team you picked cover when you don’t have any action!
Easiest Ways to Deposit into Sports Betting Account
1 – CRYPTO
It’s simple once you have a Bitcoin wallet activated. The only minor hassle is the initial setup of the Bitcoin wallet, which takes about 10 minutes total. Most wallets offer an easy way to connect your bank account or purchase crypto with a credit card. From there, you just scan a QR code provided by your sportsbook and you’re betting sports in no time.
No fees, no wait for payouts, and larger bonuses. Crypto is the way to go.
2 – Credit Card
If you are on this page, you’ve likely tried to use your credit card already and your bank declined the transaction. You can try using a different type of card, Mastercard, Visa, and AMEX are generally accepted by sportsbooks, but your US bank will often flag the transaction and decline it.
3 – P2P Money Transfer
WU or MG (initials). You phone your sportsbook after you join and tell them you want to do a P2P deposit. They’ll give you the details an how to proceed.
Why did my credit card get declined?
Well, this isn’t a very simple answer, but I’ll give you the boiled down version. Some members of the US government don’t want you to decide what to do with your money. They know much better than you, and you shouldn’t be betting on sports teams, you should be paying taxes and bailing out multi-billionaires! So these yahoos couldn’t devise a way to intrude on your rights, so they turned the screws on the USA banking system. They passed a law that made it illegal for the banks to process transactions from ‘known illegal online gambling sources.’ How vague is that?
As vague as it may be, the banks are a bunch of cowards, and they just got transformed into a law enforcement agency thanks to this law. The law doesn’t speak to regular Joe Schmoe who wants to put some money on tonight’s game, or any other player for that fact, but it speaks entirely to the banks. Now I’m not a lawyer, but this is how I interpreted the law. So that is why your credit card is getting declined.
So how do I get money into my sports betting account?
Almost every online sportsbook will gladly accept personal money transfer deposits. To do this, you just phone or email the sportsbook after you sign up.
Tell them you want to make a person to person deposit. The attendant will give you the simple details, and you can complete your deposit at one of the several local depots (typically found at Walmart or grocery stores). More information on this method is below.
You can still use a VISA credit card to deposit with Bovada
You can still use VISA and American Express credit cards to deposit at BetOnline.com
Time to go Crypto!
We wrote an entire post about why crypto is the best option for sports betting and online casino play, complete with reviews of the best crypto bonuses and service.
With the rise of cryptocurrency, the online gambling world rejoiced. Finally, a way for players to get paid and fund their accounts without the prying eyes keeping tabs. The sportsbooks love it because the fraud issue with credit cards is eliminated, thus providing much more resources to provide incentive bonuses for players.
The players love it because they can fund their account in moments and get payouts at will with little to no fees.
While it may be a bit of a hassle to get your initial crypto wallet set up, that’s nothing compared to the hours, days, months saved down the road. Invest less than an hour into getting your Bitcoin, Ether, Litecoin, or Bitcoin Cash wallet set up and you’ll be laughing about how much time you’ve saved and the bigger and more frequent bonuses you’ll access.
Are there other ways for Americans to fund online sports betting accounts?
The following methods will eliminate the hassle of proving your identity when you withdraw your winnings. EVERY online sports betting site deals with a ton of credit card fraud, which results in every player that uses credit cards to submit forms and scans of their credit card and drivers license…what a PITA. Bypass this garbage and protect your identity when betting online by using P2P or Bitcoin deposits.
There are a couple of easy-to-use ways. One method is known as “person to person” money transfers. P2P uses well-known money transferring services (WU or MG). To use these methods, just phone or email your sportsbook and tell them that you wish to deposit via person to person or p2p.
They will give you all the details you need. You can use them online, or you can take the instructions to any WalMart and complete your transaction there. By the time you get home, your account will be funded! Be sure to inquire of the sportsbook agent while you have them on the phone about getting a deposit bonus and reimbursement of your fees (sometimes works, sometimes doesn’t). You can win lots of money from those bonuses!