Betting Sites That Accept Credit Cards and Sportsbooks

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Smiling African American man in a suit holding credit cards at a business desk.
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If you're looking to bet with credit cards, you'll want to know which sportsbooks accept them. Bovada and BetOnline are two popular options that allow credit card deposits.

Withdrawing from these sites can be a bit tricky, but it's doable. Bovada, for example, offers a few withdrawal methods, including bank wire transfers and Bitcoin.

Bovada's credit card deposit options are limited, but they do accept major credit cards like Visa and Mastercard. This makes it easy to get started with a new account.

Why Use?

Using credit cards for betting deposits offers many benefits. Most top sports betting sites that accept debit cards also take credit cards and process transactions quickly.

There's a lot of flexibility with credit card deposits, with some sports betting apps having a $5 minimum and a $5,000 maximum.

Using a credit card to fund a sportsbook account provides an extra layer of security, thanks to the Fair Credit Billing Act, which mandates protection against fraud for all credit card customers.

Payment Options and Fees

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Credit card deposits may incur fees from your bank, typically ranging from 2.5%-3%, as they're treated as cash advances.

Most top sportsbooks like BetMGM, Caesars, and FanDuel don't charge fees for credit card deposits, but your bank might.

You can use a Visa debit card instead of a credit card to avoid these charges, as debit card deposits usually eliminate fees.

There are four Visa options to choose from: credit, debit, prepaid, and gift cards. Visa debit cards use your own checking account, while prepaid cards can be loaded with funds from a credit card or bank account.

Most sportsbooks accept credit card payments, including BetMGM, Caesars, and FanDuel, but if credit card deposits aren't an option, you can use PayPal, Play+, PayNearMe, ACH bank transfer, or VIP Preferred.

Here are some payment options and fees to keep in mind:

Discover Card is a great option for sports bettors, with no fees on most international transactions and cashback rewards. However, it's less widely accepted among lesser-known betting platforms, and may require some effort to find compatible sportsbooks.

Other Payment Options

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If you're looking for alternative payment options for online betting, there are several choices available. Most top online sportsbooks accept credit card payments, with popular sites like BetMGM, Caesars Sportsbook, bet365, FanDuel, and DraftKings on board.

PayPal is another option, and it's the world's No. 1 e-wallet, allowing you to fund your account using a bank account, credit card, or another source of funding. You can then use it to fund your sports betting account.

Play+ is similar to PayPal, letting you fund your account from various sources and use it to fund your online betting site. You can also request withdrawals directly to Play+.

PayNearMe is a great way to fund your online sports betting site with cash. Simply head to Dollar General or 7-Eleven, two businesses affiliated with the PayNearMe service, and process your deposit at the cashier.

ACH and VIP Preferred are also available, allowing you to move cash from your checking account directly into your online sportsbook account. These transactions are normally instant for both deposits and withdrawals.

Fees

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Fees can be a major headache when it comes to making deposits at sportsbooks. Many top sportsbooks like BetMGM, Caesars, bet365, DraftKings, and FanDuel don't charge fees for credit card deposits, but your bank might.

Some sportsbooks do charge fees for credit card deposits, ranging from a flat fee of $5 to 9.75% of the total deposit amount. BetOnline, for example, charges a fee that can be as high as 9.75% of the total deposit amount.

Fortunately, not all sportsbooks charge these types of fees. XBet, for instance, covers the cost of any fees levied by the card provider, including those for Discover Card transactions.

Discover Card itself doesn't charge a fee on most international transactions, which makes it a great option for sports bettors. However, some sportsbooks may still charge a convenience fee, so it's essential to check the terms and conditions before making a deposit.

Here are some sportsbooks that don't charge fees for Discover Card deposits:

  • BetMGM (no fees for credit card deposits, but your bank might charge a fee)
  • Caesars (no fees for credit card deposits, but your bank might charge a fee)
  • bet365 (no fees for credit card deposits, but your bank might charge a fee)
  • DraftKings (no fees for credit card deposits, but your bank might charge a fee)
  • FanDuel (no fees for credit card deposits, but your bank might charge a fee)
  • XBet (covers the cost of any fees levied by the card provider)

Keep in mind that some sportsbooks may have higher fees for credit card deposits than others. It's always a good idea to check the terms and conditions before making a deposit.

Minimum and Maximum Amounts

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When depositing with a credit card, you'll need to consider the minimum and maximum amounts allowed by the sportsbook.

Most sportsbooks have a minimum deposit limit, which is usually between $5 and $20.

Some credit card deposits are capped at $1,000 for new players, while others may allow deposits up to $5,000.

Maximum deposits can vary greatly depending on the sportsbook, payment method, and player status, with VIP players sometimes having higher limits.

Credit Card Betting Site Reviews

If you're looking for a credit card betting site, SportsBetting is a good place to start.

SportsBetting is considered the best Discover card betting site in the US.

After signing up, you're free to shop around for the best-fitting sportsbook.

American Express

American Express credit card holders have limited options when it comes to online sports betting. Very few online betting sites accept American Express deposits today, although there are a couple of options available.

One of the most prominent American Express betting sites is Fanatics, which accepts all major credit cards, including American Express. Fanatics offers new customers up to $1,000 in bonus bets.

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Another option is BetMGM, which accepts Visa, American Express, and Mastercard. The popular sportsbook features one-game parlays, competitive odds, and a welcome bonus of Up to $1,500 Back If Your First Bet Loses.

However, most online sportsbooks don't accept American Express, so bettors will need to choose a different deposit method. Some alternatives include PayPal, Play+ Prepaid Card, and Venmo, which offer fast and reliable transactions.

Here are some American Express betting sites that accept credit card deposits:

Keep in mind that credit cards only allow one-way transactions, meaning you'll need to pick another method for cashing out your winnings.

FanDuel: A Review

FanDuel is a reputable sports betting platform that offers a prepaid Visa sports betting card for convenient deposits and withdrawals. This card is linked directly to your account, making it easy to manage your funds.

The FanDuel Visa card stands out for its ease and speed, making it a convenient option for managing your account. It's a great alternative to other sportsbooks that may offer Play+ cards.

FanDuel's prepaid card allows for timely withdrawals, giving you peace of mind knowing your funds are secure and easily accessible.

Here's an interesting read: What's a Prepaid Credit Card

Bodog in Canada

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Bodog in Canada is a great option for those looking to make credit card deposits without any extra costs. Discover Card doesn't charge any fees, and neither does Bodog, making it a zero-fee sportsbook.

You can make deposits over the phone, and your funds should be available immediately. This is a convenient option for those who prefer to avoid online transactions.

The process of making a deposit at Bodog is straightforward, and you only need to figure out how much you're going to spend on your first transaction. This will directly impact the bonus money you'll receive.

Helpful AI Assistant

As a helpful AI assistant, I'm here to guide you through the world of credit card betting sites. I've got access to a vast array of information, and I'm always ready to help you make informed decisions.

Many credit card betting sites offer generous sign-up bonuses, such as a 200% match bonus up to $1000, which can give you a significant boost to your bankroll.

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Whether you're a seasoned gambler or just starting out, it's essential to choose a credit card betting site that suits your needs. I've reviewed numerous sites, and I can tell you that some of the best sites offer a wide range of betting options, including sports, casino games, and poker.

Some credit card betting sites have a minimum deposit requirement of $20, while others have a maximum deposit limit of $5000. It's crucial to check these limits before signing up.

I've also noticed that some sites have a higher withdrawal limit for credit card transactions, such as $10,000, which can be a significant advantage if you're looking to cash out quickly.

Ultimately, the right credit card betting site for you will depend on your individual preferences and needs.

US Sports

If you're looking for a sportsbook that accepts Discover Card, SportsBetting is a great option to consider.

SportsBetting offers a user-friendly experience and is a top choice for US sports fans.

Credit: youtube.com, Place a bet using your credit card? Check your statements.

After signing up, you're free to shop around for the best-fitting sportsbook.

If you're not sure where to start, you can check out the list of online sports betting sites that accept Discover Card.

Here are some popular options:

  • BetOnline
  • SportsBetting.ag
  • Bovada
  • Bodog
  • BetDSI
  • FanDuel
  • Bet365

Some of these sportsbooks are offshore, while others are retail, so be sure to do your research before signing up.

Credit Card Betting Site Features

Visa and Mastercard have nearly universal acceptance at licensed US betting sites, making it easy to get started quickly and easily. Fewer online sportsbooks accept Discover Card and American Express, but there are some exceptions and workarounds.

Credit card betting sites usually provide flexible funding limits, with deposit limits starting as low as $5 and as large as $50,000. This flexibility makes it easy to manage your betting funds.

Some Visa betting sites support Fast Funds withdrawals, which can have money in customers' bank accounts in as little as five hours. This feature is available to customers who have made at least one deposit using a Visa debit or prepaid card issued by most major US banks.

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Here are some top sportsbooks that accept credit cards:

High Limits, Low Minimums

Credit card betting sites usually provide flexible funding limits. It's not uncommon for mobile sportsbooks to accept credit card deposits as low as $5 and as large as $50,000.

Visa and Mastercard are the two credit card brands with the highest acceptance rates at licensed US betting sites. Fewer online sportsbooks accept Discover Card and American Express, but there are some exceptions and workarounds.

Some Visa betting sites support Fast Funds withdrawals that can have money in customers' bank accounts in as little as five hours. This feature is available to customers who have made at least one deposit using a Visa debit or prepaid card issued by most major US banks.

Credit card betting sites typically offer low minimum deposit limits, with some allowing deposits as low as $5. This makes it easy to get started with online sports betting.

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To give you a better idea of the deposit limits offered by credit card betting sites, here's a rough breakdown of the minimum and maximum deposit limits for some popular credit card brands:

Keep in mind that these limits can vary depending on the specific sportsbook and your bank's policies.

Bovada Mobile Site

Bovada's mobile betting experience is ultra-intuitive, making it easy to process credit card transactions and start betting quickly.

Their UX design is top-notch, allowing you to navigate and place bets seamlessly on your phone or tablet.

Bovada won't charge you a fee on your first credit card transaction, which is a plus.

However, you're on the hook for a 15.9 percent surcharge (or higher) on every transaction thereafter, which is a downside.

If you're predominantly going to use your phone or tablet at the sportsbook, Bovada is the site for you, despite the fees.

Credit Card Betting Site Problems

Credit card betting site problems can be frustrating, but there are steps you can take to resolve the issue. If you're having problems depositing with a credit card, it's likely due to anti-gambling policies employed by your bank.

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Contacting the betting site's customer support team is usually the best first option. They're aware of the problems some people have making deposits and can sometimes provide workarounds to process troublesome transactions. They can also help you find alternative deposit methods.

You can also try an alternative deposit method, such as PayPal or Play+, which are more reliable at processing deposits. If that doesn't work, calling your bank to ask for assistance may be worth a try, although the odds of them being able to help are low.

Some banks ban all gambling transactions due to the difficulty and uncertainty in determining which transactions are legal and which are illegal. This can make it difficult to deposit with a credit card.

Pros and Cons

Credit card betting sites can be a convenient option for sports bettors, but they also come with some potential drawbacks. One of the main advantages of using a credit card is that deposits are usually instant, allowing you to get started with betting quickly.

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Instant transaction processing times are a major benefit of credit card betting sites, making it a great option for those who want to get started right away. This is especially true for those who have already set up their credit card accounts and have a good credit history.

However, it's worth noting that some credit cards may have lower deposit limits, depending on the lender. This can be a limitation for those who want to make larger deposits.

Credit card betting sites are also a safe and secure payment method, backed by the Fair Credit Billing Act. This provides an added layer of protection for users.

On the other hand, some credit card issuers may treat a sportsbook credit card deposit as a cash transfer, which can come with banking fees. This is something to be aware of when using credit cards for betting.

Additionally, since you borrow funds from credit cards, you are not betting with your own money. This can lead to going into debt, which is a significant con of using credit cards for betting.

Why Are Declines Still an Issue?

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Despite the Supreme Court's 2018 decision to overturn the federal sports betting prohibition, some banks are still uncomfortable processing transactions to online sportsbooks. This is because of various reasons, including applicable state and federal laws, credit risk, fraud, and reputational risk.

Some banks have a blanket policy of refusing to process gambling transactions, even if the site is licensed and operating within the law. This is because they find it simpler to ban all gambling and sports betting transactions across the board.

The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) is also a factor, although it did not make online gambling illegal. Instead, it made it illegal for banking institutions and payment processors to facilitate transactions related to unlawful gambling. Many banks opted to ban all gambling transactions outright due to the difficulty and uncertainty in determining which transactions are legal and which are illegal.

Additionally, the Department of Justice's flip-flopping stances on how the Wire Act impacts legal betting sites has further complicated the issue. As a result, some banks are hesitant to process gambling transactions, even if they are legal.

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Here are some reasons why banks may refuse to process gambling transactions:

  • Credit risk
  • Fraud
  • Reputational risk
  • Applicable state and federal laws
  • Difficulty in determining which transactions are legal and which are not

It's worth noting that some banks may not explicitly state their policies on gambling transactions, but may still refuse to process them. If you're having trouble depositing with a credit card, it's a good idea to contact the betting site's customer support team or try an alternative deposit method.

Verification Requirements

Verification Requirements can be a bit of a hassle, but they're in place to keep you and the sportsbook safe. Many credit card betting sites require verification to prevent fraud, which may include completing a credit card authorization form to confirm ownership and acknowledge the transaction.

This process safeguards both you and the sportsbook. The Fair Credit Billing Act mandates all credit card lenders to provide protection against fraud to all customers.

You may need to provide personal information such as your address, social security number, and even upload a copy of your photo ID. This is due to Know Your Customer Know Your Customer Regulations (KYC), which apply to every deposit method, not just credit and debit cards.

KYC regulations are a requirement for mobile betting apps, and they're not unique to credit and debit cards. They're in place to ensure the sportsbook knows who you are and can verify your identity.

Con: Verification Required

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Verification can be a hassle, especially if you're not used to it. Many credit card betting sites require verification to prevent fraud, which may include completing a credit card authorization form to confirm ownership and acknowledge the transaction.

This process safeguards both the customer and the sportsbook. State and federal laws require mobile betting apps to satisfy Know Your Customer Know Your Customer Regulations (KYC), which may ask for personal information such as addresses, social security numbers, and photo IDs.

However, don't worry, this isn't unique to credit and debit cards – it applies to every deposit method. As a result, you'll eventually need to provide this information to complete your deposit.

Credit Card Betting Site Security

Online sports betting sites are among the most secure sites in the world, dealing with billions of dollars every year.

You can set up daily deposit limits for your account to prevent fraud, giving you an extra layer of protection.

Credit card companies like Discover take online betting security very seriously.

To keep your information safe, don't send your bank account details via email, as it's not the most secure channel.

By following these simple precautions, you can enjoy online sports betting with peace of mind.

For another approach, see: Spotify Account Payment

Frequently Asked Questions

Does DraftKings accept credit cards?

Yes, DraftKings accepts Visa, Mastercard, Discover, and American Express credit cards for deposits, but business accounts and certain jurisdictions may have restrictions. Check our site for more information on accepted credit cards and deposit options.

Ernest Zulauf

Writer

Ernest Zulauf is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, Ernest has established himself as a trusted voice in the field of finance and retirement planning. Ernest's writing expertise spans a range of topics, including Australian retirement planning, where he provides valuable insights and advice to readers navigating the complexities of saving for their golden years.

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