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Best Sportsbooks US / Best Payment Methods For Betting Sites

Best Payment Methods For Betting Sites

We Reveal the Best Bookmaker Deposit and Withdrawal Options for US Players

Last Updated on 28/06/2024

Here at PromoGuy, we look through a range of betting sites to determine how good their sportsbook withdrawal options and deposit options are, ensuring customers get the best selection.

Our team of sports betting enthusiasts and experts created this guide to help you consider what key points should be recognized before deciding on who to create an account with and start placing wagers. Whether you're familiar with sportsbook deposit methods or not, we'll go through the essentials when choosing an operator in the US.

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Compare The Best Payment Methods at Sportsbooks

Visa
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Bet365
1.
Favicon
4.6/5
-
Find out more on Bet365.
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Bet365 Review Bet now
T&Cs apply, 21+
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
4.6/5
Visa
Visa
Visa accepted
Additional Payment Methods
PayNearMe
Skrill
PayPal
Bank Transfer
+8
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
BetMGM Review Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.5/5
Visa
Visa
Visa accepted
Additional Payment Methods
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+7
Bet $5 Get $200 in Bonus Bets if your bet wins
FanDuel Review Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
Visa
Visa
Visa accepted
Additional Payment Methods
E-Check
PayNearMe
PayPal
Bank Transfer
+9
100% up to
$1000
Caesars Review Bet now
T&Cs apply, 21+
BetRivers.com
5.
Favicon
4.5/5
Visa
Visa
Visa accepted
Additional Payment Methods
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+7
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DraftKings
6.
Favicon
4.5/5
Visa
Visa
Visa accepted
Additional Payment Methods
PayPal
VIP Preferred
Play+
Discover
+5
Bet $5, Get $150 Instantly
DraftKings Review Bet now
T&Cs apply, 21+
Barstool
7.
Favicon
Visa
Visa
Visa accepted
Additional Payment Methods
E-Check
PayNearMe
PayPal
Play+
+6

How we construct our payment provider reviews - what we look for

When creating our payment provider reviews, we understand that they're made objectively and without bias — weighing the advantages and disadvantages of that payment method selection before coming to a conclusion. So here, we focus on what benefits each payment method has to stand out from the rest.

The range of payment options available

At PromoGuy, our expert researchers know a wide range of ways to pay on a betting site. Sportsbook withdrawal options are usually common amongst different operators. If these include Visa, Mastercard, wire transfers, PayNearMe, Venmo, American Express and even PayPal, you'll know that the sportsbook has a reliable selection. Having said that, the sportsbooks can still have varying features, so betting sites with PayPal may be totally different from betting sites with Pay Near Me.

Most sportsbook deposit options for US players are the same as the withdrawals, and depending on your choice, the operator may only allow you to use the same method for processing your funds. This could be a way to reduce the charges if you're using a Visa debit card to deposit and withdraw, for example. We suggest looking through the sportsbook's terms and conditions to see their full range of payment options and which one best suits your betting technique.

Payment processing time

When processing your funds, we want you to try somewhere that has a speedy betting site withdrawal time and deposit time. Most reputable operators are highly efficient as your deposits can be processed almost instantly, depending on which method you choose. For example, most betting sites with credit cards or a debit card option say that you will see the money in your account within minutes. Compared to a wire transfer that may take a few business days to go through the necessary internal checks before allowing the funds to go through.

If you're looking to start sports betting as soon as possible, we recommend looking at the different payment options and finding the one that allows this. If you're happy to wait a bit longer for your funds, there will be a selection for you too.

How easy it is to use a specific payment method

Before creating a sportsbook account, it's important to consider how easy it is to use your preferred payment selection, so if you use a NetSpend card, you will want to find betting sites with NetSpend. Particularly if you're new to online sports betting, you want the process to be hassle-free. We found that most reliable sportsbooks have a simple sign-up process, which means you won't have to worry about getting started by the range of payment options, and you won't be influenced to use one method if you already have a favorite in mind.

Our top five crucial tips for finding the best payment providers - five key factors

When creating this guide, we looked at what was most important when considering a payment provider for your sportsbook deposit options and withdrawal options. Our team at PromoGuy has a vast amount of experience on each payment method and sportsbook usage, making these tips an excellent choice to help you understand what makes a payment method a suitable alternative.

1) Operator security

We want you to ensure that your details and funds are safe when you decide to create a sportsbook account. It's always good to check out what the operator reviews suggest about the security of customers who use their platform. Before considering the deposit and sportsbook withdrawal methods, we suggest you consider what safety measures are put in place to give you peace of mind that you won't be subject to hackers or scammers. These could include a 2FA (two-factor authentication) and encryption of the website.

2) Minimum deposit limits

Having a low minimum deposit amount is a great option if you're new to sportsbooks and want to start with a small budget. Depending on which deposit method you choose, the amount does vary. We suggest looking through our review on PromoGuy to better understand each available sportsbook deposit and withdrawal selection to find out which one works for you and your betting strategy. 

3) Payment choice and sportsbook promotions

Most sportsbooks will have a welcome bonus and existing customer promotions to keep you excited to use their platform in the US. However, your chosen payment method may not be eligible to redeem certain promotions with, for example not all sportsbooks offer betting sites with Play Plus. So we suggest you double-check the terms and conditions to find out which offers apply to which payment method and if that is in line with how you want to deposit and withdraw your funds in the long term.

4) Reading through the small print

As we mentioned, checking the terms and conditions will help you make your decisions in the long run. For example, there could be a betting sites' withdrawal time that claims to process within three working days. But without reading which payment method this applies to, when it's your time to cash out your funds, you're wondering why it's taking up to a week or longer. They may also impose sportsbook withdrawal limits which you need to be familiar with. The small print is vital to improving your online sports betting experience as it helps you avoid making the wrong decision when it comes to deposit and withdrawal options.

5) Ease of navigating through the sportsbook

Once you start using a sportsbook, it's essential to look at how easy it is to navigate through the odds and spreads, place wagers and utilize bet slips. Is there something complicated about how you read these odds? Does your chosen deposit and withdrawal methods make betting an efficient experience? You'll find out more details on each payment selection on our website. 

How our payment provider reviews benefit your experience - enhancing your time using a sportsbook

We highlighted key points on how our review can help your sportsbook experience in the long term. These include:

Having all the payment information in one place

At PromoGuy, you'll find a range of sportsbook deposit options reviews discussing the most popular payment options. This is excellent for new and experienced customers who want to know what key points to consider before choosing a payment method and creating an account with an operator.

Showing you all the available payment methods

You may have thought you knew all the available options, so our website confirms this selection and even includes payment methods that you may not be aware of. Not every sportsbook allows the full selection of withdrawal and deposit options, so we included which ones stand out and are top choices in our reviews on PromoGuy to help make your decision easier. These guides also have the betting sites' withdrawal time compared to other platforms.

Helping you make a decision quicker

If you're looking to start sports betting as soon as possible and don't know which payment option to choose, our website is a great resource to answer all your deposit and withdrawal questions. Our expert team looks through all possible payment options and concludes whether it's suitable for you, depending on what you're looking for as a sports bettor and how it can improve your experience online.

Our favorite sportsbooks right now:

Bet365
1.
Favicon
4.6/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
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BetMGM
2.
Favicon
4.6/5
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Virginia
Players from Virginia accepted
PayNearMe
Skrill
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.5/5
Bet $5 Get $200 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+
BetRivers.com
5.
Favicon
4.5/5
Second chance bet: Get up to $500 in Bonus Bets
Virginia
Players from Virginia accepted
PayNearMe
Bank Transfer
VIP Preferred
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

We wanted to detail using Visa payments as potential withdrawal and sportsbook deposit options and why it can be an excellent choice.

Visa debit or credit card payments are a great choice for sports bettors of any skill level. They have been in the industry for decades and have had years to develop and perfect their transaction times, charges and usability to make it one of the most popular sports betting options to choose from. These include having a speedy betting sites withdrawal time for those funds to be instantly used.

They have a high level of security when it comes to potential hackers trying to use the card details. Your location can be tracked when using a Visa to avoid unknown usage. In addition, they have great accessibility as many online sportsbooks know that Visa is reputable. It is accepted on almost every betting site unless it is cryptocurrency specific, for example.

Our pointers for finding the right payment provider for you - your sports betting needs can vary

At PromoGuy, we aim to give the best tips to finding the right sportsbook withdrawal and sportsbook deposit options for US players. However, our reviews are made objectively to weigh out the positives and negatives of each payment option. We also consider personal requirements for each customer when deciding which method will help enhance their sports betting techniques. This mix of requirements makes our reviews a helpful tool for new bettors and experienced users alike.

What type of bettor are you?

If you're sticking to a small budget, choosing sportsbook deposit options with a lower minimum limit is a better option than payment methods that reward you for placing more wagers. In addition, if you find using bonuses helpful, then choosing the appropriate payment option to redeem these promotions is also something to consider before inputting your payment details.

What payment option are you familiar with?

At PromoGuy, we think it's an excellent idea to stick to a payment method you're already familiar with. For example, you could own an American Express card and understand what charges come into play depending on how often you use it and what sites these apply to. So using it for online sports betting could be a straightforward decision. However, if you're happy to try a new payment method because you notice the betting site's withdrawal time is quicker than American Express, you can do this too. More bookmakers are now accepting newer payment methods, such as betting sites with Apple Pay and betting sites with Venmo, so keep your options open to find what suits you best.

Conclusion - choosing efficient withdrawal and deposit times

Overall, we found that choosing an operator with an extensive range of sportsbook withdrawal options and deposit options is an excellent idea for new and experienced sports bettors. At PromoGuy, we discovered that a betting sites' withdrawal time doesn't have to be the fastest to be the most suitable option for you and your sports betting strategy.

We recommend looking through our guides and reviews on our website to determine which payment option you should choose. There could be different minimum deposit and withdrawal amounts to consider before creating an account with an online sportsbook, so make sure you read the fine print of each payment selection before you start to place wagers.

Check out our favorite sportsbook bonuses available right now:

Bet365
1.
Favicon
4.6/5
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.
Favicon
4.6/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $10
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.5/5
Bet $5 Get $200 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
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4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
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BetRivers.com
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4.5/5
Second chance bet: Get up to $500 in Bonus Bets
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
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T&Cs apply, 21+

Betting sites withdrawal time FAQ

✍What methods can I use to deposit my funds onto a sportsbook?

If you're new to the online sports betting world, you may be wondering what sportsbook deposit options for US players are available. Each reputable operator has a range of payment methods to choose from, but it's up to you to make that final decision before creating an account. Discover which deposit methods are the most popular on our website.

❔How long does it take for my withdrawal to process?

A sports betting site's withdrawal time can vary depending on which payment method you decide to use. If you want fast sportsbook payouts so you see your funds in your account quickly, you should make sure you've selected the right withdrawal option to accommodate this. To determine how long each sportsbook withdrawal option takes, check out PromoGuy.

🌎What sportsbook withdrawal options are available in the US?

You're only eligible to use online sports betting sites in the US if your state has legalized sportsbook usage. There are several sportsbook withdrawal options and deposit options to choose from, depending on which operator you decide to open an account with. There are even options that are less well known including betting sites with VIP Preferred. Check out our website to discover more about the available options in your area.

Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.6/5
FanDuel
FanDuel
FanDuel Review
4.5/5
Caesars
Caesars
Caesars Review
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
BetFanatics
BetFanatics
BetFanatics Review
4.5/5
Barstool
Barstool Review
4.2/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.6/5
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
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.5/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
BetRivers.com
BetRivers.com Bonus
Second chance bet: Get up to $500 in Bonus Bets
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DraftKings
DraftKings Bonus
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