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Venmo Betting Sites

Venmo is a leading peer-to-peer payment platform that makes sending and receiving cash between individuals convenient. It is owned by PayPal, and while there are sites offering PayPal as a payment solution, Venmo is becoming increasingly popular for its social nature(it has an integrated social network where users can share their transactions with their followers).
As the online betting industry continues to experience tremendous growth in the US, so does the number of betting sites offering instant peer-to-peer payment platforms.

If you’re looking for trusted betting sites that accept Venmo, then this guide is for you. We’ve covered the brass tacks surrounding Venmo, how Venmo works, and the betting sites that accept Venmo.

Table of Contents


The Best Venmo Betting Sites

 

Several sites accept Venmo due to its speed, convenience, and reliability.

1.  BetMGM Sportsbook

 

BetMGM

4.9/5 Read Review

Competitive intro bonus


 

With so many online sportsbooks jumping on the Venmo sports betting bandwagon, BetMGM wasn’t going to be left behind. A better can make a deposit of as low as $10 from a Venmo account, bet on anything, and earn a free bet if you lose. It is one of the few sports betting sites that allow players to set their own deposit limits. Besides, clients can enjoy periodical promo code offers to boost their chances of winning.

2.  Caesars Sportsbook

 

Caesars

4.8/5 Read Review

Generous welcome bonus

 

Available in numerous US states, Caesars Sportsbook is one of the most prominent Venmo betting sites. Unless you wish to place a free bet or $50, you can make a deposit via your Venmo account. For your efforts, you’ll get a matching deposit bonus of up to $3,000 and a $300 free bet offer.

3.  FanDuel Sportsbook

 

Fanduel

4.9/5 Read Review

Great promos & odds boosts

 

It started out as a daily fantasy sports site but FanDuel has since morphed into one of the foremost sports betting sites in the US Since the US is one of its largest betting markets, the company partners with the NBA, the NHL, MLB, and the PGA tour. It is also one of the betting sites that accept Venmo payments making it possible to deposit or withdraw via your Venmo account almost hassle-free.

4.  DraftKings Sportsbook

 

DraftKings

4.8/5 Read Review

Better odds than most sportsbooks

 

DraftKings is one of the mainstream US sports betting sites that started off with daily fantasy sports (DFS). The online sportsbook accepts several payment methods, including Venmo transfer, credit card, bank transfer, and electronic funds transfer. It allows fast online bookie Venmo withdrawals, helping bet winners cash out more efficiently. Its deposit and sports bonus offerings are attractive, beating competitors by far.

5.  SugarHouse Sportsbook

 

Sugarhouse

4.6/5 Read Review

NJ and PA sportsbook

 

Only the online gambling enthusiasts in Connecticut, New Jersey, and Pennsylvania can access sports betting via SugarHouse. Apart from numerous other payment methods, it offers quick deposits and withdrawals via the Venmo app. With such a simple solution for online bet funding, you can start playing soon after registering for your SugarHouse account. The Venmo sportsbook has a $250 match bonus.

6.  BetRivers Sportsbook

BetRivers

4.7/5 Read Review

Best odds of any sportsbook

 

One of the things that makes online sports betting attractive is the 100% deposit match such as the one offered by this online sportsbook. It is one of the betting sites that accept Venmo and other payment methods such as credit cards, bank transfers, Apple Pay, and debit card. Bettors can transfer funds between the Venmo account and the online betting site almost hassle-free. It is available in several states but not New Jersey US.

7.  WynnBET Sportsbook

 

Wynnbet

4.5/5 Read Review

Established casino and Sportsbook

 

WynnBet is one of the few betting sites that accept Venmo payment, despite working with numerous other popular online payment methods. Therefore, you can deposit a minimum of $20 straight from your Venmo account. Bettors can access a 100% deposit bonus of up to $1,000 in risk-free bets, which only a few online casinos provide. Apart from New Jersey US, the online gambling site is legal in 11 other states.

How We Rate Venmo Betting Sites

We maintain the utmost objectivity when pointing our readers to certain online sports betting sites. Thus, we have an in-house rating system through which we weigh and make performance comparisons of different sportsbooks. Our team of online gambling experts evaluate the platforms using numerous data points, categorize broadly in the following table:

Category Weight Description

Odds 25% Checks the competitiveness of the online sportsbook’s odds

License 35% Checks and the legal status of online casinos in terms of state licensing

Reputation 30% Checks the reliability of online casinos in providing fair chances of winning

Review 20% Checks the rating given to the online sportsbook by its past clients

How Does Venmo Work for Online Gambling?

 

While you may have used the payment method for other purposes, Venmo payments work slightly differently on Sports betting sites. Instead of acting as a direct payment method, it relies on the purchase or selling of vouchers or player transfers in online gaming communities. Here is a straightforward description of how Venmo deposits and withdrawals work:

Venmo Deposits

 

Before making deposits from the payment method, you need to sign up on one of the Venmo betting sites. Then you can deposit funds from your Venmo account using the following simple steps:

Step 1: Once on one of the online casinos that accept Venmo, click or tap Join or Sign Up.

Step 2: Enter all the necessary user data without worrying about it getting compromised. Reputable online casinos utilize revolutionary encryption and don’t sell or share user data.

Step 3: Create a fully-operational account before making Venmo deposits.

Step 4: On the online betting community page of the gambling site, search for online player transfers or betting vouchers.

Step 5: Use the Venmo app to purchase the player transfer or betting voucher.

Step 6: Armed with the Voucher code, go back to the cashier page and choose Voucher or Player Transfer. Once you enter the code, your account will receive instant credit, boosting your Venmo balance.

Venmo Payouts

 

If you belong to one of the betting sites that accept Venmo, you can claim same-day payouts free of charge. Here is how you can go about making online bookie Venmo withdrawals:

Step 1: Open the Cashier page on the online sportsbook and request a player or voucher transfer payout.

Step 2: Check your email for the player transfer code or sports betting voucher code. It should arrive in minutes.

Step 3: Post the code in an ad on the online sportsbook’s community board or a third-party forum. You should be able to attract buyers for the code.

Step 4: Once you get a buyer, supply them with your Venmo address and wait to accept payment.

Step 5: After receiving payment, release the transfer code or voucher to the buyer without further delay. If you don’t you can be penalized by the Venmo sports betting site.

Step 6: You’ll receive the payment to your Venmo MasterCard, bank account, or withdraw at an ATM.

Venmo Sports Betting Bonuses

 

Most online sports betting sites offer attractive deposit-match bonuses. Apart from the typical deposit bonus, you will likely enjoy an attractive sports bonus and the occasional bonus code on come sports betting sites. You may also find the deposit bonus cashable on some sites. So, you may want to pick an online sportsbook with top betting bonuses.

Venmo Same-Day Payouts

 

Most Venmo sports betting sites allow deposits by purchasing player transfer codes or betting voucher codes. Therefore, you have to sell your balance to members in private person-to-person Venmo transactions. With that, you can potentially claim same-day payouts with the money getting deposited directly into your Venmo account. Hence you can use your winnings to buy groceries, pay bills, and other daily expenses.

How to Use Venmo with Vouchers and Player Transfers

 

On any sportsbook that accepts Venmo payment, you need to purchase or sell vouchers or player transfers. The process involved cuts across most sports betting sites and includes the following process:

Step 1: Sign up on a site that works with vouchers and player transfers. Provide verifiable information, including your email address, phone number, name, and birthday. That’s important when it comes to verifying your identity with the sportsbook.

Step 2: Before making a deposit, select Voucher or Player Transfer.

Step 3: Check for a suitable voucher or player transfer amount in community page for your sportsbook.

Step 4: Make payment for the voucher code and wait for the seller to release it to you.

Step 5: Enter the code on the deposit page and select a suitable deposit bonus and your Venmo account will reflect automatically.

Step 6: Now you can start betting and enjoy the best from the Venmo sports betting site.

How to Use Venmo with MatchPay

 

While MatchPay Venmo deposits are pretty similar to vouchers and player transfers, they are a little quicker and require fewer procedures. As a third-party service, MatchPay automatically connects betting buyers with sellers and executes the transactions via Venmo or any other e-wallet.

Signing up for MatchPay is quick and free. However, only a few of the mainstream sports betting sites support MatchPay. If your online sportsbook accepts MatchPay, you can use it to make Venmo and payments alike. Once you enter the amount to deposit or withdraw, MatchPay will automatically process it.

Despite expediting Venmo payments, MatchPay has lower banking limits than vouchers and transfers. However, if you want no-fee deposits, same-day payouts, and Venmo support, that’s a small price to pay.

Benefits of Funding Betting Sites with Venmo

 
  • Fast Deposits: You will love the Venmo instant transfers that take less than 30 minutes to hit your account. Deposits take the shortest time while withdrawals may take days although shorter than funding an online sportsbook through your PayPal account or another e-wallet.

  • Venmo MasterCard: Venmo offers a MasterCard debit card for payments straight from your account. Funding Venmo sportsbooks is also extremely easier. After withdrawing your winnings from online casinos, you can access the cash via an ATM using the MasterCard debit card.

  • Zero or No Fees: Online bet funding with Venmo attracts zero fees except the 3% fees when using a credit card. Bank transfers and debit card payments are completely free.

  • Excellent Venmo App: There’s a Venmo app, which makes payment via mobile easier. You can download the Venmo app on Android and iOS devices alike.

Disadvantages of Funding Online Casinos with Venmo

 
  • Limited Venmo Betting Sites: There aren’t many Venmo betting sites since only a few utilize MatchPay, betting vouchers, or player transfers.

  • Uninspiring Bonuses: Venmo only offers the standard sports bonuses, and doesn’t provide anything outside the ordinary.

  • Insists on Player Collaboration: To use Venmo, you must collaborate with other players. Finding a voucher buyer or seller can take longer than expected.

How to Verify a Venmo Account for Safe Betting

 

Before you can safely use the Venmo app to make transactions on online sportsbooks, you need to verify your account. Venmo requires more than your banking information to prove your identity. Thus, you have to provide a valid driving license, US passport, ITIN/SSN assignment letter, or Tribal card.

Once you’ve uploaded copies of the necessary documents, it will take up to business days for Venmo to verify your identity. Once verified, you can use a Venmo account to make payments on any online sportsbook.

Venmo Alternative Payment Options

It is hardly possible to find the best betting sites using only one payment method. If you can’t use Venmo, don’t hesitate to pick any of the available alternatives. Here are the additional Unibet payment methods:

Debit Card Payments

 

In New Jersey US and the rest of the country, most online sports betting sites accept payment via debit cards. With debit card payment, you can complete your transactions quickly and with little or no fees. After entering the card details, you can click OK and complete the online bet funding. You can also easily withdraw your winnings.

Credit Card Payments

 

Many betting sites accept credit cards like MasterCard and VISA. If you opt to use VISA, beware of additional fees or extra charges that come with these credit cards. With a credit card, you can only make deposits and not withdrawals.

E-Wallet Payments

 

There are several e-wallets including Neteller, Skrill, and PayPal. E-wallets are faster and versatile when making deposits and withdrawals. The e-wallets are also more secure and do not require linking to a bank account. In some instances, you may find betting sites that accept Apple pay.

Prepaid Card Payments

 

It’s also possible to use a prepaid card to fund a betting site. A good example is Paysafecard, which is popular for depositing and withdrawing from top betting sites. They are easier to use since they only require you to enter the card number and amount.

Yes, Venmo is safe for online betting since its processes, including vouchers and transfers, are overseen by multiple players.

No, Venmo doesn’t charge a special fee for individuals wishing to make sports betting transfers. For instant payments, Venmo charges a 1% or $10 fee, depending on which is lower. Private money transfers attract no fees.

The amount you can send on Venmo at a betting site varies, depending on the sportsbook’s Venmo limit. So, you would have to check with your sportsbook to know how much you can make in Venmo deposits.

Once you get a voucher, you can deposit funds in 10 to 15 minutes. While Venmo deposits take a little longer than credit card payments, they are unlikely to get declined.

You can use Venmo on several online sports betting sites. Before signing up on a betting site, you can check if it’s one of the Venmo betting sites.

Yes, funding online bets with Venmo is legal and doesn’t break any US gambling laws. You can use Venmo to buy or sell player transfers, betting vouchers, and MatchPay.