Venmo Sportsbook

The Venmo app can be downloaded to your phone, making it easy to link your account with a US sportsbook that accepts Venmo. Alternative Popular Payment Methods for US Betting Sites There are several top payment methods to be aware of when placing deposits at any sportsbook.

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Venmo is one of the most widely used person-to-person, or P2P, instant-pay services in America. With over 60 million active Venmo users in the US, many online gamblers wish to use the platform to make deposits at the top-rated betting sites on the Internet. However, it is difficult to find prepaid gambling sites accepting Venmo, as no international operator can process Venmo transfers directly.

Fortunately, there are ways around this, and US-based online gamblers can use Venmo banking options for both deposits and withdrawals at several of the best gambling websites. To learn how you can use Venmo to top off your betting bankroll and collect your winnings quickly and easily, our brief guide tells you everything you need to know.

The Best Prepaid Online Gambling Sites For Venmo Deposits

The following operators are the most trusted prepaid online casinos, online sportsbooks, and online poker rooms in the business. Each one has been around for years, and you won’t find any better prepaid gambling sites anywhere on the Internet.

Best of all, each of these sites has mechanisms in place that allow you to use Venmo payments for both making deposits and claiming same-day payouts!

Casinos That Accept Venmo

Site NameBonusRatingUSA FriendlyVisit Site
$3,000 BonusVisit Site
$5,000 BonusVisit Site
$5,000 BonusVisit Site
$2,000 BonusVisit Site

Sportsbooks That Accept Venmo

Site NameBonusRatingUSA FriendlyVisit Site
$250 BonusVisit Site

Poker Sites That Accept Venmo

Site NameBonusRatingUSA FriendlyVisit Site
$500 BonusVisit Site

What Is Venmo?

Venmo is a P2P (peer-to-peer) instant-pay platform that is a subsidiary of the popular PayPal service. Venmo allows users to send money to one another instantly, and over 60 million US residents use Venmo every day. Essentially, Venmo is a quick, convenient way to transfer funds to private individuals and businesses, and it works like digital cash.

It’s important to note that Venmo is rated for US transactions only, which means that both senders and recipients must be in the United States to use the service. This makes Venmo impossible to use to directly fund your online gambling activities with overseas operators, but many of the best sites have provided viable, legal workarounds (explained below).

Can You Use Venmo To Make Cryptocurrency Betting Deposits?

No. Venmo relies solely on fiat currencies, so even though these transfers are electronic, they are not cryptocurrency transactions.

If you wish to make online Bitcoin gambling deposits or fund your prepaid betting account with altcoins (Ethereum, Litecoin, Dash, ZRX, Bitcoin Cash, etc.), you won’t use Venmo to do so. And while some exchanges allow for Venmo crypto purchases, there are several hoops to jump through.

If you wish to use crypto betting options at the leading prepaid gambling sites, we recommend acquiring Bitcoin and supported altcoins via standard bank transfers or credit purchases at leading cryptocurrency exchanges. You can also use the Zelle-Bitcoin process to bypass the typically lengthy wait times associated with first-time crypto buys.

How Does Venmo Work For Prepaid Gambling Deposits?

How Venmo works is extremely simple. First, you’ll have to actually register a Venmo account (via computer or the popular mobile Venmo app). To learn more about how to set up a Venmo account, the company’s website will walk your through the process, as will your Venmo iPhone or Venmo Android app.

Next, you’ll have to figure out how to add funds to Venmo. Thankfully, this couldn’t be easier: You can load up your Venmo account using a prepaid Visa card, prepaid Mastercard, prepaid American Express card, any common universal gift card, and even typical credit/debit cards. You can also transfer money to your Venmo app directly from your bank account.

Once you have money in your Venmo account, actually going through the process of how to pay with Venmo is similarly straightforward. Simply enter the amount of money you wish to send, plug the recipient’s Venmo user ID or associated email address into the recipient field, and submit the form.

To use Venmo to make prepaid online gambling deposits and receive payouts, the process is pretty much the same, and we describe the required steps in the next sections.

Player Transfers

The first way to use Venmo at international prepaid betting sites requires that the operator supports Player Transfers via their Cashier portals.

Because these gambling operators are based in other countries and can’t accept Venmo deposits directly, they use Player Transfers (aka Account Transfers) to allow US-based players to buy and sell portions of their account balances to other site members.

Because both parties are in the US – and because these are private transactions – Venmo can be used to facilitate such transactions. (You can also use services like PayPal, Cash App, Apple Pay, Google Pay, etc. using the same process.)

Your betting site of choice acts as a moderator for the sale if you go through the site’s official Community page to find your seller, which is what we recommend for maximum security, safety, and guaranteed success.

Gambling Vouchers

The second way to use Venmo to make prepaid gambling deposits and claim online betting withdrawals is to use the Voucher option at gaming sites that support them. Vouchers are effectively the same as Player Transfers, and the same general process applies.

While casino vouchers, sportsbook vouchers, and poker vouchers sometimes have different limits than Player Transfers, that’s really the only functional difference. To claim an online gambling voucher, we’ll use Bovada as an example (since Bovada Vouchers were the first to go live and have set the standard for other sites to implement similar systems in the future).

To buy a Bovada Voucher code, visit the Bovada Community message boards (or an offsite forum, like the Bovada Reddit page), find a seller, and purchase their voucher. You will receive the code in the email associated with your prepaid gambling account, and you can deposit it directly via the site Cashier page.

Vouchers usually have a six-month expiration date, so please deposit these as soon as you receive them.

Venmo Payouts At Prepaid Gambling Sites

To claim a Venmo payout, you must go through the Player Transfer or Gambling Voucher process. This is extremely simple, and it works this way for both methods:

  1. Make sure your account balance is eligible for withdrawals (i.e. you have met all rollover or playthrough bonus requirements).
  2. Request a Transfer or Voucher code from your site’s Cashier in the amount you wish to withdraw.
  3. Once you receive this code at the email address associated with your online gambling account, post an ad for it on your site’s Community page, an appropriate Reddit forum, etc.
  4. You will be contacted by a buyer, with whom you will negotiate the terms of the sale. If you wish to use Venmo to complete the sale, make this clear in your Transfer or Voucher ad.
  5. The buyer will send you money via Venmo, and you will send them your Transfer/Voucher code in return.

Once you have your money via the Venmo transfer, you can send it to your bank account, keep it in your Venmo app balance, or do anything else you please.

There are no added fees for Venmo betting withdrawals when claimed this way, and most of the time, you can collect your prepaid gambling payouts the same day you post your ad.

Aside from same-day Bitcoin payouts and other crypto payouts, Transfers and Vouchers are the best way to get your money ASAP.

Venmo Prepaid Gambling Bonuses

Venmo deposits – that is, deposits made via Player Transfers or Gambling Vouchers using the Venmo platform – come with the standard welcome bonuses and account reload bonuses offered by your prepaid betting sites of choice. These bonuses can boost your bankroll by 50-300%, depending on the type of promo you accept and the gambling market in question.

As a general rule, you should only accept bonuses that align with the type of gambling you wish to participate in. This is because online casino bonuses, online poker bonuses, and online sports betting bonuses are only applicable to their specific markets.

Also, most bonuses come with rollover or playthrough requirements, which means you can only withdraw payouts once those terms are met.

Because the top prepaid online gambling operators all set these limits at fair, attainable levels, we always recommend accepting online gambling promotions whenever they’re offered. And as always, these bonuses are completely optional.

Prepaid Gambling Pros For Venmo Deposits

  • Venmo Accounts Are Ubiquitous – You probably already use Venmo for everyday transactions, and even if you don’t, signing up is free, easy, and takes just a few seconds.
  • Venmo Works Across All Mobile Devices – You can download Venmo apps for your iPhone, iPad, Android device, and other tablets like Kindle Fires, Microsoft Surface computers, and even desktops and laptops. The top online prepaid gambling sites are 100% mobile compatible, and so is Venmo!
  • Same-Day Deposits – When you buy a Transfer or Voucher code, the process takes just a few minutes, letting you play your favorite casino games, bet on your favorite players and teams, and play in the biggest online poker tournaments immediately.
  • Same-Day Payouts – Voucher/Transfer payouts via Venmo and other P2P services are the only ways to claim same-day payouts from prepaid international betting sites (aside from using cryptocurrencies).
  • No Transfer Fees – When you use Venmo to make gambling deposits or withdrawals, there are no added fees involved. Along with crypto, Transfers and Vouchers are the only fee-free online gambling banking methods.
  • No Red Tape – Because your Venmo transactions are private individual deals, there is no way for financial regulations like the UIGEA to interrupt your transfers. Venmo via Transfer/Voucher is a very reliable bet funding option for legal online gambling.
  • Available To All Users 18 And Up – You only have to be 18 years old to get a Venmo account, which is great because most of the sites that accept Player Transfers and Vouchers also set 18 as their minimum age to play.

Prepaid Gambling Cons For Venmo Deposits

  • You Can’t Deposit Directly – Venmo deposits must be made by buying Player Transfers or Vouchers from other prepaid gambling site members, as offshore casinos, sportsbooks, and poker rooms cannot accept Venmo directly.
  • You Must Trust Your Seller – When buying a Player Transfer or Gambling Voucher, you must trust your seller. This is why it’s recommended that you only purchase these from other members through your site’s dedicated community portal, where the site itself can act as moderator.
  • No Refunds Or Chargebacks – Venmo transfers are basically cash transactions. Once you send your money voluntarily, you will not be able to issue a chargeback, claim a refund, or request a reversal. However, Venmo transactions are protected against fraud, so you are safe from bad actors in this respect (though filing claims and getting your money back can take days or weeks).

Types Of Prepaid Venmo Gambling Sites

Online Casinos Accepting Venmo

Many of the best prepaid online casinos support Player Transfers and Vouchers, which means you can use Venmo to deposit and claim payouts. There are hundreds of fair-play-certified games at these sites, from online slots and online blackjack to video poker, roulette, baccarat, bingo, and more.

Games are available 24/7, and you’ll get all the great sounds and animations you’d expect from the electronic table games at the best Vegas casinos, all in the palm of your hand!

Online Poker Sites Accepting Venmo

Poker remains the single most popular table game in the casino world, and online poker has taken the pastime to new heights. The best prepaid online poker rooms all have quick cash table options, multi-hand games, short Sit ‘N’ Go events, and major online poker tournaments with pots worth hundreds of thousands of dollars!

You can choose from no-limit and pot-limit games of the most timeless classics, like Texas Hold ‘Em, Omaha, and Omaha Hi-Lo, and tables are available to join 24/7.

Online Sports Betting Sites Accepting Venmo

Many of the best prepaid gambling sites operate robust international sportsbooks with thousands of daily odds and lines to choose from. And with live betting and mobile betting options on board, you can wager on your favorite players and teams from anywhere in the USA, even after the games start!

The top prepaid online sportsbooks feature every sport you can think of, and they even have odds for eSports betting, virtual sports betting, simulated sports betting, and more. Also, these books are the only places to find political odds and entertainment odds, so you’ll always have something interesting to bet on.

Venmo

Venmo Gambling FAQs

Is Venmo safe?

Yes, it is. Venmo is one of the most established, most trusted P2P platforms in the US, and more than 60 million people use the app to send and receive money safely and securely every single day.

Why don’t prepaid gambling sites accept Venmo directly?

Venmo is restricted to US transactions only. Because the top prepaid betting sites are all located outside of the United States, you cannot use Venmo to send funds directly to these operators or receive Venmo payouts from them.

This is why the Player Transfer and Gambling Voucher system is employed.

How long does Venmo take to process prepaid gambling payments?

It takes just a few minutes to purchase a Transfer or Voucher code from a fellow site member, and once you have this code, deposits at your casino, sportsbook, or poker room of choice process immediately.

Is there a limit on Venmo transfers at online gambling sites?

Yes. Different sites have different deposit and withdrawal limits for Transfers and Vouchers, which are advertised on their Cashier pages. That said, these limits are more than adequate for all but the highest of high rollers.

How much money can you send on Venmo?

New Venmo users have a $300 weekly limit on Venmo transfers. However, once the service confirms your identity, that limit is raised to $5000 per week.

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How much can you Venmo in a day?

When it comes to how much money you can transfer on Venmo in a given day, there are two sets of limits to be aware of: Venmo’s and your online prepaid betting site’s.

Venmo’s limit is weekly, not daily, so you could send your entire week’s allotment in a single day if you wanted to (see above).

Each prepaid betting operator has different limits on daily deposits and withdrawals, and these are specifically advertised on the sites themselves.

Sportsbook

Does Venmo charge a fee?

How much Venmo charges for each transaction is dependent on how you go about it.

For debit cards, direct bank transfers, and Venmo balances, there are no fees.

If you use a credit card to make a Venmo transfer, you will be assessed a 3% service charge.

Do you need a bank account for Venmo?

No. You can use Venmo without linking a bank account to the service. Prepaid credit cards and debit cards are the best ways to do this.

Does Venmo accept prepaid cards?

That’s the biggest question here: Can you use prepaid cards on Venmo? Fortunately, the answer is yes!

The process for how to add a prepaid card to Venmo is the same as it is for any other card type: Simply open your Venmo app and add the prepaid card number and your billing information, and you’re good to go.

Can you use a credit card on Venmo?

Online Sportsbook Venmo Deposit

Yes! However, please be aware that using a credit card through Venmo will incur a 3% service fee.

How do you pay someone on Venmo?

It couldn’t be easier to send money with Venmo. Just enter your recipient’s Venmo ID or Venmo-linked email address into the recipient field, choose the amount of money you wish to send, and submit the payment.

How long does Venmo take to send money to someone?

It takes a maximum of 30 minutes for your Venmo recipient to receive the funds you send, though processing times are usually much faster.

Can you cancel a Venmo payment?

No. Once you send or receive a Venmo payment, you cannot cancel it.

That said, if you’ve received a payment in error, you can simply return the money to the sender via Venmo.

On the other hand, if you’ve sent money to a seller and did not receive your item or service, you can contact Venmo customer service to initiate a chargeback via the service’s conflict resolution center.

Does Venmo work internationally?

No. Venmo is a US-only service.

What does Venmo mean?

Venmo was named from the Latin word “vendere” (to sell), coupled with the word “mobile,” due to its mobile smartphone and tablet implementation. “Vendere Mobile” thus became “Venmo.”

Who owns Venmo?

Venmo is owned by PayPal and was launched as a subsidiary of the company in 2009.

How do I delete my Venmo account?

Once logged into your Venmo account, select the “Profile” tab and navigate to the bottom of the list. There, you’ll find the “Cancel My Venmo Account” option.

You must do this from a desktop or laptop computer, as the current Venmo app does not feature this option.

Breaking: Bovada has removed the MatchPay banking option from its deposit and withdrawal menus. It is currently unclear whether this is temporary or permanent, and this page will be updated as soon as more information is released. However, if you're looking for fast, easy ways to load up your betting account, you can still take advantage of Bitcoin, Bitcoin Cash, Bovada Vouchers, Zelle-To-Bitcoin options, Stellar, and more. Some sites also support QB Direct for rapid Litecoin deposits. All of these options allow for same-day payouts at legal online betting sites.

There’s a brand-new deposit method trending at the best international betting sites for US players, and it’s called MatchPay. Bovada is the first site to support the new payment option, and it’s a gamechanger. In short, MatchPay lets online gamblers purchase portions of the account balances of other members at the same site, using that money to top off their own accounts. It’s simple, fast, secure, and safe.

Just like Internet betting banking methods got a shot in the arm when operators started to accept Bitcoin gambling deposits, legal online MatchPlay gambling sites now let USA members effectively deposit using PayPal, Venmo, Cash App, and Zelle!

Because these overseas sites are geographically precluded from directly accepting PayPal and the other aforementioned person-to-person money transfer options, that leaves a lot of potential members without a convenient way to get in on the action. MatchPay changes all that in one fell swoop, and our brief guide will tell you everything you need to know about this exciting new banking option.

Is It Legal To Use MatchPay Deposits For Online Gambling?

Absolutely. The MatchPay service is available to all US customers aged 18 and up, which is the same age you have to be to register for real money gambling at the best online casinos, sportsbooks, and poker rooms.

Just as there are no federal US gambling laws that bar online gambling with licensed and regulated overseas betting sites, there are no legal barriers for those who wish to use MatchPay to fund their online gambling activities.

As long as you have a PayPal, Venmo, Cash App, or Zelle account, you can use MatchPay to purchase a fellow gambler’s account balance (or portion thereof) to apply to your own account.

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Bovada Make PayPal, Venmo, Cash App, and Zelle Betting Deposits At Bovada!

As usual, Bovada is paving the way by being the first major US betting site to support MatchPay account-to-account transfers. As the number-one all-in-one casino, sportsbook, and poker site on the Internet, Bovada has been the best in the business for a generation, and the brand has never missed a single payout for any of its millions of USA players.

With a full casino offering over 200 virtual games, a live dealer casino for the most popular classics like online blackjack and roulette, a full international sportsbook with odds on every major league in the world, and a racebook featuring daily horse races from the US and abroad, Bovada is the perfect place to start your legal online gambling career.

  • Operates under the license of the world famous Bodog brand

  • Offers MatchPay support for PayPal, Venmo, Cash App, and Zelle

  • Full iPhone + Android support for all gambling markets

Best Online Gambling Sites That Accept MatchPay Deposits

Because MatchPay is such a new service, Bovada is currently the only online gambling site that supports the revolutionary new person-to-person payment method. However, it’s obviously going to be a huge hit, because players have been clamoring for PayPal, Venmo, and Cash App banking options for years.

As such, we fully expect all the best online casinos, poker rooms, and sportsbooks to accept MatchPay for legal online gambling deposits in the near future, though it will probably be Bovada’s sister sites that do so first:

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While MatchPay is currently limited to Bovada at launch, Bovada is an all-in-one gambling site with sports betting, a full casino (including live dealer games), a full tournament poker room, and an international racebook featuring horse racing action from around the world.

In due time, you can expect the following types of gambling sites to accept MatchPay, including Bovada’s sister sites Slots LV, Café Casino, and Ignition Casino.

MatchPay Online Casinos

MatchPay is already live at Bovada Casino, and the model used there will apply to all other legal online casinos operating outside of US jurisdiction whenever they integrate the payment option.

These casinos all offer hundreds of RNG (random number generation) games, live dealer casino games for blackjack, roulette, and baccarat, and feature every kind of electronic slot machine, video poker game, and even online bingo, keno, and more.

Being able to make PayPal casino deposits along with the other P2P instant-pay deposits supported by MatchPay will make it that much easier to play your favorite games anytime, anyplace.

MatchPay Online Poker Sites

Online poker sites will soon accept MatchPay, which is currently supported by the Bovada Poker suite. Online poker is different than video poker, focusing on multiplayer poker games that take place on the virtual felts.

You can choose from cash table play, Sit ‘N’ Go tournaments, and full-tilt poker tourneys with thousands of players and hundreds of thousands of dollars in payouts when you win.

The game types supported by MatchPay poker rooms are the traditional classics: Texas Hold ‘Em, Omaha, and Omaha Hi/Lo.

Draftkings Sportsbook Venmo

Matchpay Online Sportsbooks

Online sports betting requires the fastest deposits of all legal gambling markets. While you can always jump into a fresh slots or poker tournament, sports is time sensitive, and the odds move almost by the minute.

When you see a line you like, you need to get money into your account ASAP, because if there’s any delay at all, you could miss out on valuable moneylines, spreads, and props.

For this reason, most legal online sportsbooks are sure to follow Bovada’s lead and host MatchPay sports betting in the near future.

MatchPay is a P2P payment platform (i.e. person-to-person or peer-to-peer payment platform) that allows account holders at all kinds of online retail stores to sell all or part of their account balances to other customers of those same merchants.

These private sales are undertaken using any of the most popular online instant-payment services, including the following:

  • PayPal
  • Venmo
  • Cash App
  • Zelle

For members (or prospective members) of US-friendly offshore betting sites, MatchPay will finally allow them to make deposits using the above services.

While these won’t be direct transfers – as you’ll still have to go through MatchPay’s third-party portal to initiate the transactions – they’re as close as US gamblers are going to get when it comes to making PayPal betting deposits, Venmo betting deposits, and Cash App betting deposits.

Though Zelle is also supported, online gamblers in the United States have been able to use Zelle to fund their betting accounts for some time.

However, to do so before MatchPay hit the scene, Zelle deposits had to first be converted to Bitcoin (via the LocalBitcoins Zelle-to-BTC process) before you could then make an online crypto deposit at your site of choice. With the MatchPay Zelle option, several steps are removed from that procedure, making your deposits even faster.

How To Fund Your Legal Online Betting Account With MatchPay

Venmo Sportsbook Login

Regardless of the type of betting you plan to do (casino, sportsbook, poker, or horse racing), the method by which you deposit with MatchPay is the same.

For now, we will use the system in place at Bovada, as this is likely to be the operational template for all other legal betting sites using MatchPay going forward.

  1. Sign up at Bovada by following any link on this page (if you haven’t already).
  2. For new members, fill out the requisite sign-up form with your real, verifiable information. You will need to prove your identity to receive payouts, remember.
  3. Once you’re a member at Bovada, select the Deposit option from the site’s Cashier page.
  4. Select MatchPay.
  5. Here, you will be transferred to the MatchPay service, where you will need to make a member account. You can also make a MatchPay account from the platform’s site itself.
  6. Verify your phone number and email per MatchPay’s five-digit codes.
  7. Once verified, you are now a MatchPay Trader.
  8. Enter in the amount of money you wish to deposit into your Bovada account.
  9. MatchPay will automatically locate an active Bovada member who wishes to sell you that amount, and the buyer and seller can then choose to use PayPal, Venmo, Cash App, or Zelle to complete the transaction.
  10. Once the transaction is finalized, the requested balance will be deposited into your Bovada account, and you’ll be ready to wager on sports, play casino games, enter poker tournaments, and bet the ponies!

Though we used Bovada as the example, the MatchPay platform will be integrated into every site that offers support for the system. MatchPay is highly recommended to all gamblers (and potential gamblers) who wish to make fast transfers with services otherwise not accepted at the best USA gambling sites.

While we still recommend Bitcoin, Litecoin, Ethereum, Stellar, and other cryptocurrencies thanks to their enhanced bonuses and same-day payouts, MatchPay is much better and safer than using traditional debit and credit cards, as those transactions can be blocked or declined by US banks.

All of the above online gambling markets have the same PayPal, Venmo, and Cash App restrictions when it comes to the top operators’ US customers. That’s been a real problem for a long time.

But MatchPay – once instituted and fully rolled out by all the top US-facing online gambling sites in the industry – will allow more players than ever to crank the digital slots, ante up at the digital felts, and play the ponies 24/7/365.

Can You Use Venmo On Fanduel

The benefits of MatchPay are innumerable, but the system isn’t without its own drawbacks, though these are minimal in comparison.

Venmo Sportsbook Sign In

MatchPayPros

  • Allows for PayPal gambling deposits for US players
  • Allows for Venmo gambling deposits for US players
  • Allows for Cash App gambling deposits for US players
  • Allows for Zelle Pay gambling deposits without having to go through the Zelle-Bitcoin transfer process at LocalBitcoins
  • Lets members at legal online betting sites sell portions of their balances to other members, giving them access to payouts via a different mechanism
  • Makes non-crypto payouts immediate by going through the MatchPay portal instead of the site’s cashier, giving players same-day payouts in many cases
  • No added fees for MatchPay deposits or transfers/payouts

MatchPayCons

  • Users are not eligible for enhanced Bitcoin bonuses and other crypto bonuses
  • The process may be slightly delayed by inactive or inattentive sellers, though MatchPay Traders are rated and systems are in place to minimize this
  • Not yet accepted by all top-rated online gambling sites – Bovada only for now

However, pay attention to bonus rollover requirements. If you’re an infrequent low-volume bettor, you’ll want to bypass any bonuses, while if you wager frequently or are a high roller, deposit bonuses can offer a significant boost to your bottom line. Some sites require the use of casino bonus codes, while others simply let you select a bonus from a list of options during the deposit process.

All of our reviews go into great detail about all of the perks and promotions each site offers to new players who signup and make a real money deposit.

In addition to being one of the best new ways to fund your online gambling pastimes and allowing you to make legitimate PayPal deposits, Venmo deposits, Cash App deposits, and Zelle deposits, MatchPay is also fully accessible for mobile gambling fans.

Sportsbooks That Accept Venmo

Since the sites we recommend here are all designed with the mobile gambler in mind by using device-agnostic technology to ensure a seamless experience for iPhone gambling and Android gambling, it only makes sense that you’d be able to use MatchPay to make mobile deposits, too.

And since your PayPal, Venmo, Cash App, and Zelle accounts are all mobile-ready as well, your smartphone or tablet is truly a one-stop shop for legal betting online.

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