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!
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
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!
The second alternative deposit method is Bitcoin. If you’ve never waded into the Bitcoin waters, don’t be intimidated. It seems overwhelming, but you’ll quickly fall in love with this way of funding your betting account. No banks to deal with and no delays in processing times. You’ll also enjoy zero to very small transaction fees for withdrawals. If you’re new to Bitcoin, just go to Blockchain.info to register your wallet, and you’ll be all set in minutes.