As known from:
TwitterInstagramYoutube
VA
  • Our Authors
Contains commercial content
Best Sportsbooks US / Betting Sites that allow Venmo

Betting Sites that allow Venmo

Online Sports Betting with Venmo

Collin
Author:
Collin
Last Updated:
02/02/2023
Experiences:
Sports betting enthusiast

Online sportsbooks are constantly developing in the US. They've seen a wider selection of payment methods, including betting sites with Venmo, make their way into the gambling industry in legalized states.

Here at PromoGuy, our team of sportsbook experts created a review on online sports betting with Venmo to help you determine if this is the most suitable payment option for you and your betting needs. So if you want to discover how to bet with Venmo and how it compares to other payment types, take a look below.

Read More
Best Sportsbook
SI Sportsbook - Get your Bonus now! Get your Bonus now!
Best Sportsbook

Compare The Best Sportsbooks With Venmo

Venmo
Edit Location
Reset

Making a payment with Venmo - how to use Venmo

We created this detailed guide to give you an overview of the steps you'll take if you're considering using Venmo for betting sites in the US.

Set up a Venmo account

If you haven't already, we suggest creating a Venmo account before deciding which sportsbook to join to make the process go more smoothly when it comes to your sportsbook payouts. Online sports betting with Venmo requires you to have an active Venmo account, which you can set up through a Facebook account, or manually by first giving your phone number, which will send a link to verify your number. Then you'll be asked to put in your name, date of birth, email address and create a password. Once this is set up, you'll be able to connect your payment details to the account, so a credit or debit card.

Choosing a sportsbook and creating an account

You now have the option to choose an online sportsbook with Venmo payments and create an account. It's important to make sure your sportsbook details match your Venmo information, or you may not be able to use that payment method. Again you will need to give them your name, date of birth, phone number, email address and create an account password. Once this is done, you can link your Venmo details by inputting the email address and password and be one step closer to placing bets.

Finding the best odds and placing wagers

Once you've set up your Venmo account to the sportsbook, you can then deposit your funds into your betting account. Usually, this is processed within minutes, so you can start betting right away. Find a sporting event that you're happy to monitor, look through the odds/spreads, and you're ready to begin placing wagers.

Withdrawal and deposits with Venmo: average time scales - withdrawals not as common using Venmo

At PromoGuy, we looked at betting sites with Venmo and found that it is not as available as other well-known payment options in the sportsbook world. However, we wanted to find out how well it performs its transactions if you decide to use it for deposits or withdrawals. If you do want to find more commonly accepted payment methods, then we recommend taking a look at betting sites with VIP preferred, as this is a very widely accepted payment method in the US.

Depositing with Venmo

We found that betting sites accepting Venmo to transfer funds into their sportsbook had a pretty fast processing time. Compared to more common payment methods, Venmo will aim to have your funds in your account within minutes. It could take a while longer, but this is rare. However, if you do find that you've requested some money from your Venmo app and haven't received it yet, you can check with the operator's customer service team to keep you updated.

Venmo withdrawals

Currently, Venmo withdrawals are not a popular method to cash out if you're online sports betting with Venmo. Typically, Venmo withdrawals would be processed pretty quickly compared to other popular payment methods in an average of three to five days. This also depends on the sportsbook withdrawal times as well. the As Venmo is still a pretty new payment option for US sports bettors, there may be improvements to the timescale in which you can withdraw funds, but this is yet to be confirmed from our research.

Venmo verification requirements - what you need to use Venmo

Potential sportsbook customers will need to meet some key requirements in the US before using an online sportsbook with Venmo. The user must physically reside in the US and have an address within a legalized state to be able to bet online. If the customer is using a phone number to create a Venmo account, it can't be attached to another Venmo account, and the same goes with the email address.

Finding betting sites with Venmo is not as common as using a Visa, so potential customers should be cautious about which sportsbooks they want to create an account at. Some may have highly competitive odds and spreads but be unreliable and unregulated operators. In addition, sportsbook users may need to have an alternative to Venmo withdrawals as not every sports betting site allows this method. Some will ask the member to use a credit or debit card to cash out, so this should be considered before signing up to an operator. You can find betting sites with credit cards withdrawals that also take Venmo deposit here.

Providers that use Venmo

The history of Venmo - how it all began

We researched a brief history of Venmo to understand better what kind of payment method it is. We found that it has great security and is one of the few reliable options to choose from if you're online sports betting with Venmo.

Initial release

Venmo came onto the scene in 2009 and was soon owned by PayPal in 2012. Speaking of PayPal, you can also check out betting sites with PayPal here. It aimed to be a financial service for friends and family to quickly transfer funds from one account to the next, like splitting bills, paying for rent or event tickets. It's currently processed through a mobile app available on Android and Apple devices, but the customers have to be living in the US.

P2P transactions

A P2P or peer-to-peer transaction is a great way for customers to make their payments online without a third party knowing what they are paying for. Venmo claims that its security is on the same level as fiat banks. But there has been criticism through the years of its development to think otherwise. In 2018, there were issues of payment frauds and the company misleading users to make transactions on the app without it being as secure as they mentioned. However, they have continued to grow in revenue and move past that as millions of US residents currently use Venmo.

Sports betting

Currently, it is quite rare to find an online sportsbook with Venmo. As the US sports betting industry is growing, we are sure to see more operators using Venmo for depositing and withdrawing funds.

Venmo compared to other providers - Is Venmo better than Apple Pay?

When discovering if online sports betting with Venmo is a reliable payment option, we wanted to see if it stands out against other more popular choices like betting sites with Apple Pay. This is a popular payment method choice for iPhone users.

Fast deposit and withdrawals

Unlike Apple Pay, a betting site that uses Venmo will allow customers to place deposits and withdrawals back into their Venmo app. This makes it one of the best sportsbook deposit options for US players. Although Venmo is still not as common in the sportsbook world, its features will enable it to maintain an efficient processing time if the operator has full access to Venmo and its uses.

Secure transactions

Venmo is a reliable financial platform. Compared to Apple Pay, it is a P2P transaction platform with a high-security level for millions of US customers. The P2P acts as a decentralized network to ensure your transactions are handled without interference. An online sportsbook with Venmo is an excellent place to start if you're concerned about your funds being safe. There are internal checks that each transaction will go through to ensure your deposits are handled effectively, your details are not shared with third parties, and it will give you a more streamlined experience.

Providers that use Apple Pay

BetMGM
1.
97/100
Rating
Applepay
Virginia (US) Lottery Board
100% up to
$1000
BetMGM Sports Bonus
100% up to $1000
BetMGM Review
***** Visit Site
T&Cs apply, 21+
Highlights
  • Hundreds of betting markets for major events
  • Live streaming offered
  • Competitive odds
Bet365
2.
96/100
Rating
-
Virginia (US) Lottery Board
Bet $1, Get $200
Bet365 Sports Bonus
Bet $1, Get $200
Bet365 Review
***** Visit Site
T&Cs apply, 21+
Highlights
  • Bet $1 get $200 in bets
  • Just $10 minimum deposit
  • Get $200 even if $1 bet loses
FanDuel
3.
90/100
Rating
Applepay
Virginia (US) Lottery Board
No Sweat First Bet up to $3,000
FanDuel Sports Bonus
No Sweat First Bet up to $3,000
FanDuel Review
***** Visit Site
T&Cs apply, 21+
Highlights
  • Extensive range of sports
  • Competitive odds
  • Speedy sportsbook platform
Barstool
4.
85/100
Rating
Applepay
Virginia (US) Lottery Board
up to
$10 No Deposit
Barstool Sports Bonus
up to $10 No Deposit
Highlights
  • $10 sign up bonus
  • No deposit required
  • Available in 12 US states

Three essential facts about using Venmo - key facts to know

At PromoGuy, we highlighted three key facts you should consider before using betting sites with Venmo. As it is not as popular as other methods, there are still potential points to think about.

Promotions may not be valid with Venmo

Most online sportsbooks will provide a range of welcome bonuses and existing player bonuses for their customers to keep them using the platform. However, some Venmo betting sites may not be eligible for these offers as this payment type may not be as widely accepted by the operator. Not every sports betting site in the US accepts Venmo, and not as many individuals will have access to this payment option. So if you're thinking about using bonuses to enhance your sports betting experience, make sure you check if Venmo payments support promotions.

Terms and conditions can change

Online sports betting with Venmo could mean that if you're thinking of using it as a payment method, the small print will regularly update itself as Venmo continues to develop. We recommend that you check the terms and conditions of the operator before creating an account to ensure Venmo payments are accepted on that sportsbook. In addition, if there is a bonus that applies to Venmo deposits, it's important to check the small print to see when this offer expires and what you need to redeem it.

Same payment methods

In general, sportsbooks will want you to use the same deposit and withdrawal method when processing your funds. Like Apple Pay, which doesn't allow withdrawals, some operators won't allow Venmo cashing out as their platform isn't fully supported yet. Some sportsbooks don't have issues with using Venmo for all your transaction needs, but always check the operator reviews to ensure this is possible, or you may have to use a more common method. In addition, sportsbooks can allow you to change your payment method if necessary as a last resort.

Conclusion - Venmo is a secure payment method

Overall, we found that online sports betting with Venmo was an excellent choice if you're new to the sportsbook world or an experienced bettor. At PromoGuy, we looked at what makes Venmo so popular, even though it's not as common as other payment options. It has a secure P2P platform to ensure your details and transactions are handled over a range of computers in a decentralized manner. Meaning your deposits or withdrawals shouldn't have any third-party interference.

In addition, using betting sites with Venmo is one of the most efficient ways to place your bets. The sign-up process is quick, as you'll be able to see your deposited funds within minutes.

Our favorite bonuses

BetMGM
1.
100% up to
$1000
Bonus Code
******
BetMGM Promo Code
***** Get Bonus
T&Cs apply, 21+
Bonus Details
Type:
Risk-Free Bet
Cashable:
no
Requirements (WR):
1x Bonus
Bet365
2.
Bet $1, Get $200
Bonus Code
******
Bet365 Promo Code
***** Get Bonus
T&Cs apply, 21+
Bonus Details
Type:
Free Bet
Cashable:
no
Requirements (WR):
-
DraftKings
3.
20% up to
$1000
Bonus Code
******
DraftKings Promo Code
***** Get Bonus
T&Cs apply, 21+
Bonus Details
Type:
Deposit Bonus
Cashable:
yes
Requirements (WR):
25x Bonus
SI Sportsbook
4.
BET $20 GET $200 IN FREE BETS
Bonus Code
******
SI Sportsbook Promo Code
***** Get Bonus
T&Cs apply, 21+
Bonus Details
Type:
Free Bet
Cashable:
yes
Requirements (WR):
-
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
WynnBET
5.
Bet $100 Get $100
+ Bet $10 Get $10 Casino Bonus
Bonus Code
******
WynnBET Promo Code
***** Get Bonus
T&Cs apply, 21+
Bonus Details
Type:
Free Bet
Cashable:
no
Requirements (WR):
-

Betting sites with Venmo FAQ

❔Which US sportsbooks use Venmo payments?

There are plenty of well-known sportsbooks in the US that have a wide range of payment types to suit customers and their different betting needs. However, betting sites with Venmo are not as common but are expanding in the online gambling industry and are becoming a popular choice for many sports bettors. Check out our website to find out which US sportsbooks use Venmo for deposits and withdrawals.

💵How do I successfully use Venmo for sports betting?

If you're new to the world of online sports betting and gambling, you may not be aware of the process of how to register an account, connect your payment details and start placing wagers. Online sports betting with Venmo is similar to other payment methods, but its key features make it an excellent choice to bet with. To find out how to successfully use sportsbooks with Venmo payments, check out PromoGuy.

❗Is Venmo sports betting legal in the US?

For sports betting enthusiasts, you'll need to live in a legalized state in the US to be able to place wagers and claim winnings online. There are plenty of popular payment methods available to US customers, including Visa, Mastercard and Apple. To find out if an online sportsbook with Venmo is legal in your area, have a look through the reviews and guides on our website.

🤑 Profit BIG time with PromoGuy 🤑
Best Sportsbook Offer
SI Sportsbook - Get your Bonus now! Get your Bonus now!
Top Betting Sites
Top Betting Bonuses
BetMGM
BetMGM
BetMGM Review
97/100
Bet365
Bet365
Bet365 Review
96/100
DraftKings
DraftKings
DraftKings Review
94/100
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
92/100
WynnBET
WynnBET
WynnBET Review
91/100
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
9.7/10
Bet365
Bet365 Bonus
Bet $1, Get $200
T&Cs apply
9.6/10
DraftKings
DraftKings Bonus
20% up to $1000
T&Cs apply
9.4/10
SI Sportsbook
SI Sportsbook Bonus
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.2/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
WynnBET
WynnBET Bonus
Bet $100 Get $100
T&Cs apply
9.1/10
Sign Up Now!
Subscribe to our picks by email so you never miss out on a single bet!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

sdfgfdgcsdfgfdgcww
Move to Top
Close
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site