The Best Betting Sites That Accept Prepaid Gift Cards
Prepaid gift cards are not the most conventional of payment methods in the mainstream. However, as online sports betting sites push to make payments easy and convenient, these cards have become increasingly available to bettors. And as a result, prepaid gift card betting sites have become quite common. These sites offer so much more than a way to get rid of your extra gift cards. They confer certain benefits absent in traditional payment options like bank transfers, debit cards, and credit cards.
Prepaid Gift Cards for Online Sportsbooks
There are numerous brands of gift cards in circulation. You can walk into a convenience store and purchase whichever one you want. However, even though gift cards enjoy the highest acceptance rate of any payment option, that’s not a guarantee of success. Some gift card brands will be automatically rejected by an online sportsbook. On the other hand, there are gift cards that will always be accepted by a sportsbook. These include;
Visa Gift Cards
Visa is one of the biggest payment processors in the world. It has a broad user base and enjoys high trust levels among online gambling sites. So naturally, many online sportsbooks support deposits from the company’s prepaid cards, like Visa gift cards.
Mastercard Gift Cards
Mastercard is another big and trusted payment processor. It offers prepaid gift cards in denominations of between $10 and $500. And like Visa, these gift cards are accepted by all major online sportsbooks.
Game On Gift Cards
These gift cards are intended exclusively for use with online sports betting. They are the brainchild of the Blackhawk Network and are only available in a few states; Colorado, New Jersey, Indiana, and Pennsylvania. Furthermore, they only work for select sportsbooks. These are BetMGM, BetRivers, DraftKings, FanDuel, and Parx Casino.
Bookie Specific Gift Cards
Major sportsbooks have also started making their own gift cards. These can be found in gas stations, convenience stores, and other retailers. They will work 100% of the time on the intended sportsbook but never on a different sportsbook. So, you can never use a DraftKings gift card on BetMGM and Vice Versa. Bookie-specific gift cards typically come with exclusive bonuses.
Best Prepaid Gift Card Betting Sites
All the major sportsbooks support prepaid gift cards as a deposit method. Our favorite options include;
DraftKings is a top player in the online sports betting industry. The bookie boasts a wide and dedicated fanbase who enjoy competitive odds across all major sports events and tournaments. For deposits, you can use the sportsbook’s own DraftKings gift card. You can also use Game on, Visa, and Mastercard gift cards.
BetMGM also has its line of gift cards and lets you use other gift cards as well. It’s a popular choice with great odds across the board and excellent bet variety. New users qualify for a risk-free bet of up to $1,000.
Caesars is another big name in the online betting business that accepts gig card deposits. It even has its line of gift cards known as the Caesars rewards gift cards. Once your account is loaded, you get hundreds of games and events to wager on across all major sports. There is also a bet match of up to $1,500 on your first deposit.
BetRivers is a good prepaid gift card betting site. The bookie has good odds and bet variety and grants new users a deposit match of up to $250. You can use your Game on gift card or Visa prepaid gift card to deposit funds to your BetRivers betting account.
How we rate prepaid card betting sites
All the top online betting sites have the following features in common;
Good odds on an online sportsbook are a chance to win big. This is something all sports bettors will appreciate irrespective of the bet amount being placed. So, the better the odds, the higher we’ll rate the sportsbook.
Bettors also want bet variety. They should be able to make different types of bets across various sports. Thus, a top online betting site will have spreads, moneylines, props, totals, futures, and parlay bets. Handicappers should also be able to wager on games and events across all the major leagues, from the NFL, NHL, and NBA, to the MLS, MMA, NCAA, tennis, and golf tournaments.
Bonuses and rewards
Bonuses and rewards make betting exciting on a platform. For these, sportsbooks usually run two types of promotions;
- Intro promos: These are for new bettors. They include things like a deposit match and free bets and are designed to make a beginner’s first steps in online sports betting less risky.
- Regular promos: These are for people who bet regularly on a sports betting site. They include odds boosts and bonuses and are designed to keep things interesting.
Legitimacy and security
Sportsbooks store your personal information and, sometimes, your banking data. Thus, it’s essential that the online betting site you sign up for is secure. One way to tell this is by looking at whether it operates legally in the United States. Generally, legal sportsbooks promise the best security for your data. You’re also assured that you will receive your payout if you win.
Although we test all the sportsbooks we recommend, social proof gives us insight into the public’s overall opinion of a sportsbook. This makes it easier to recommend a sportsbook to our readers. It goes without saying that the best online sportsbook will have positive reviews and ratings.
Depositing with Prepaid Gift Cards
First, you’ll need to go to a retailer and purchase your gift card. After that;
- Log into your sportsbook and visit the ‘Cashier’ section
- Select deposit and choose “Gift Card” as your preferred deposit option
- Input the gift card information (usually in the form of a pin) to redeem the card
- The amount on the gift card will be credited to your online betting account
Withdrawing with a Prepaid Gift Card
You cannot withdraw directly from your sportsbook to your gift card (even if its a reloadable card) even if you used it to make the initial deposit. Thus, you’ll have to use a different payment method to withdraw your payout. The quickest, most preferred methods involve using eWallets like PayPal and Skrill or doing a bank transfer.
Prepaid Gift Card Processing Times
Gift Card deposits don’t take long to process. Your gift card amount should be credited to your betting account immediately after confirming the transaction.
Advantages When Betting With Prepaid Cards At Online Sportsbooks
No Sign Ups
You don’t need to follow a complicated sign-up process when buying or using a gift card. There is no need to open an account while filling out a long form; you simply buy a gift card and redeem it at your online sports betting site.
Private and Secure
Bettors don’t have to give up banking information when using prepaid gift cards, which makes it secure. You’re at zero risk of losing your money and data to hackers. The only way someone steals money from you is if they steal the physical card from you. Furthermore, you get to keep your betting activities private. This is because you won’t be linking your bank account to an online sportsbook. Thus, the bank- and in turn, the authorities- won’t be able to track your betting activities.
High Acceptance Rate
Prepaid gift cards enjoy a higher acceptance rate than other payment options. In fact, your Visa, MasterCard, or Game On gift card will rarely ever be rejected by your sportsbook. And it’s even better if you’re using a sportsbook-specific prepaid gift card on the intended sportsbook. So, if you have been having trouble with other deposit methods, this is the best option for you.
Antidote to Overspending
Gift cards can help you mitigate overspending, especially if you’re coming from other deposit methods like bank transfer and a personal credit or debit card. This is because once you purchase a gift card, you’re limited to how much money you can deposit. So, you’re less likely to go ahead and wager with more than you had initially planned.
Fast and Instant
Gift card deposits are fast. Once you confirm the transaction, the amount will be credited to your betting account almost immediately.
Disadvantages When Betting With Prepaid Gift Cards
Cannot Be Used As A Payout Method
For all their speed, privacy, and convenience, gift cards cannot be used as a withdrawal method. Thus, you’ll have to use a different channel to withdraw your money, like PayPal, Skrill, ACH, or bank transfers. These withdrawals take 2-5 days to complete.
There Can Be Fees
Prepaid gift cards carry fees that can reach well over $5 per transaction. In this regard, they lag behind cheaper options, like debit cards.
Lower deposit limits
Prepaid gift cards carry relatively low deposit limits. For instance, the average upper limit stands at $500. This is less than what other methods offer, which can go as high as $5,000.
Best Prepaid Gift Card Alternatives
Other alternative methods to make deposits include debit cards, bank transfers, ACH, skrill, and PayPal. However, if you want something that gives you a similar experience, you can go for other prepaid Visa cards like virtual prepaid cards, or use PayNearMe. These afford you the same unique benefits, i.e., privacy, and are also an excellent way to prevent overspending.
It’s relatively simple; go to the payment section of your betting site and redeem the gift card.
Yes. Once you redeem at a prepaid gift card betting site, the amount will be instantly credited to your sportsbook account.
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