If you have ever spent time at a live casino and done some gambling, you know that it’s rather easy to collect your winnings. All you have to do is take your chips or winning card to the cashier’s cage and make the quick exchange to receive your stack of cash.

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However, Venmo should not be used for purchases, unless explicitly authorized by Venmo. You may use Venmo to pay for goods or services using a Venmo Debit Card at merchants that accept the card, through mobile websites or apps that are approved to offer Venmo as a payment option, or using your in-store QR code at select merchants. For US-based online gambling enthusiasts, this is a true revolution. Offshore betting sites do not accept PayPal, Venmo, or Cash App at all, as there are restrictions preventing these services from being used by Americans to fund their overseas casino, sportsbook, and poker room accounts.

However, managing your funds at a gambling site is quite a bit more complicated.

Gambling websites to have different rules when it comes to depositing, withdrawing and transferring real money between sites. Bettors in the United States also have a limited number of options compared to those in different countries when it comes to moving cash around.

What should you know about money management if you are interested in diving into the world of internet gambling? Let’s start with deposits.

How can I deposit money into my account?

Depositing into an online account is relatively simple compared to withdrawing or transferring. There are numerous ways to put funds into your account, and in most cases, the steps are typically as follows:

1. Log in
2. Find the “deposit” link
3. Choose your method of payment
4. Enter the amount you wish to deposit
5. Enter payment details (credit card info, billing address, etc.)
6. Start playing

Using a credit or debit card may be the most common way for folks to make deposits into online gambling accounts, but that doesn’t mean it’s the only way to do so. Most sites will allow customers to add funds to their account via a wire or bank transfer, a prepaid card, money transferring service or E-wallet.

Real Money Gambling Guides

Credit/Debit cards

Making a deposit with a credit or debit card is common, quick and easy. All you have to do is whip your card out of your wallet, enter the info and start playing.

Just about every gambling site out there will accept credit or debit cards of some kind, though not all cards are accepted. In the United States, the most commonly-accepted cards are Visa, MasterCard, Discover, American Express and Diners Club International. AmEx and Diners Club are not as widely accepted as Visa, MasterCard or Discover, so be sure to make yourself aware of your site’s depositing rules.

One potential downside to using a card is that some real-money betting sites based in the United States have begun charging an additional fee on a deposit. Most international sites do not include these fees, but some American sites are known to issue fees starting around 3-4 percent for Visa and MasterCard. In order to avoid being surprised by these extra fees, make sure to read all the fine print before making a deposit at a given site.

To give you an example, Bovada.lv charges a 4.9% deposit fee for Visa deposits and a 6.9% fee for Mastercard deposits (they accept deposits by no other brands).

The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 made gambling via the internet a bit more challenging for Americans, as well. This piece of legislation made it illegal for banks and other financial institutions to process payments to and from illegal gambling sites.

As a result, your credit or debit card deposit may not always go through. Legalized gambling operators are fair game, but you will likely not have much luck trying to make a deposit at an offshore operator if you reside in the US.

In just about all cases, making a deposit with a card is an instantaneous process. Once you have entered all relevant information, the cash should be visible in your account immediately.

Bank/Wire transfer

Not everyone is completely comfortable with entering personal card information online, so perhaps a bank or wire transfer would be their preferred depositing option. Not all sites may be completely secure, but transferring funds with this method is essentially risk-free.

As is the case with depositing via card, doing so via a transfer is relatively painless. You just have to contact your bank and let them know how many dollars you wish to transfer over.

Bank and wire transfers are also not covered by the aforementioned Unlawful Internet Gambling Enforcement Act. There is no restriction on where you are able to send your cash via your bank account, so it is possible to send money to any offshore betting account you may have.

However, the process is not instantaneous. A wire transfer may take from several days up to a week before completion.

e-Wallets

The concept of an e-wallet is simple. It is an online account in which you can store real money in order to make purchases. You can link your e-wallet to a bank account or card, which makes it easy to transfer money to and from.

PayPal is perhaps the most well-known e-wallet on the planet. Other e-wallet services include Neteller, Skrill and Venmo.

Making a deposit using an e-wallet is as simple as doing so with a card. The results are instant and the money will be in your account right away. However, not all countries allow e-wallet transfers for gambling website accounts. For example, PayPal allows only those in the following nations to deposit online:

• Austria
• Belgium
• Denmark
• Finland
• France
• Greece
• Ireland
• Italy
• Portugal
• Spain
• Sweden
• United Kingdom

Neither Neteller nor Skrill accept American customers. PayPal only accepts customers from states in which internet gambling is legal, such as Nevada, New Jersey and Delaware.

Money transfer services and checks

Finally, we have two methods of payment that seem to be dying in popularity as we move forward. Some sites will still accept deposit payments from a money transfer service such as Western Union or MoneyGram, though those sites are dwindling in numbers. This is certainly an option if you’re playing from the United States and do not have a credit or debit card.

With a check, all you have to do is post it. Once it has cleared, the funds will appear in your account. This is a secure way of moving funds without having to risk any personal or banking information over the web. Paying via check is another option that takes more time than a simple credit card deposit, as well.

How can I withdraw money from my account?

As mentioned in the open, withdrawing your money electronically tends to be more complicated than claiming your winnings at a casino.

Of course, there are also plenty of perks to doing so via the internet, as well. Different countries may have different rules when it comes to the withdrawal process. Some withdrawal methods are available regardless of where you are in the world, while others are limited to certain regions.

Wire transfer

Like with a deposit, most sites allow you to withdraw cash from your account via a wire transfer. The process is essentially the same as if you are making a deposit. The funds may take a few days to move, but in the end it will go straight into your bank account for you to spend as you please.

One drawback to using the wire transfer is that lots of real money gambling sites have high minimums in order to use this service. That means that you must withdraw at least a certain amount to even be allowed to do so. For example, you may not be allowed to withdraw via wire transfer if you’re withdrawing less than $50 on some sites.

However, withdrawing with this method is likely the best option if you’re planning to take out a large sum of cash. The process is safe and secure, and you do not have to worry about carrying a huge wad of cash on you as you would if you cashed out at a casino. The money will be safely stored in your own bank account at your disposal.

ACH transfer

So, let’s say you did some winning, but didn’t exactly strike it big. Or, you have a ton of cash in your internet gambling account but want to just take a small chunk out of it. If you are only taking out a small amount, then an ACH transfer is probably your best bet. ACH (Automated Clearing House) do not support big withdrawals, but they can accommodate you if you are just looking to collect a little bit of money.

These essentially work the same way as wire transfers. ACH will take the currency from your internet gambling account and send it straight into your own bank account within just a few days.

e-Wallet withdrawal

We covered e-Wallets earlier, but in some countries you may also use them in order to cash out. Services such as PayPal, Neteller and Skrill are particularly useful when you have the intention of withdrawing from one online casino and moving your money to another. People may do this in order to take advantage of deposit bonuses offered by various sites.

Of course, these e-Wallet options are not available to players in the United States for the reasons touched on in the previous section.

Cash transfer

A cash transfer uses a service such as Western Union to take the money out of your account and put it directly into your hand. This will typically work with smaller transactions and transactions up to about $1,000. There are countless stations that offer these services, and they are rather easy to find. Your local Target or Wal-Mart likely offers a cash transfer service.

Frequently Asked Questions

Do I have to use the same method for both depositing and withdrawing?

This does not apply to all real money betting sites, but some will force you to use the same method with your withdrawal as you did when you made your initial deposit.

If you wired cash directly from your bank account into your gambling account, you will likely have to use that same method in order to withdraw later.

As a result, be sure to read all the fine print on a site before ultimately deciding whether to make a deposit.

This may require a bit of advanced planning.

There is an exception if you deposit with a credit card, however. Most casinos are unable to process withdrawals back to credit cards, which means you will be able to use another method in order to withdraw if you deposited with a credit card.

Are there any extra steps I have to take in order to make a withdrawal?

In some cases, yes. As a measure of security and a means for protecting you and themselves against fraudulent activity, some casinos will require a bit of additional information from you before you are able to withdraw some cash.

For example, some casinos will require a user to provide a proof of identity prior to collecting cash. This may require providing a valid photographic ID card, credit cards, proof of address or bank statements. In most cases it’s as easy as scanning a photo of one or more of these documents before sending them along to the relevant party.

This may seem cumbersome, but you certainly wouldn’t want some third party coming along and stealing your cash right out from under you. The casinos are only trying to make things as secure as possible.

Conclusion

While making a withdrawal is certainly a lengthier process with an online gambling site than it is at a casino, it is still relatively simple if you know the proper steps to take. Betting online is easily a far more convenient and easy way to get in on the action, but being aware of restrictions and other limits prior to getting started is of paramount importance.

You don’t want to dive into the water before checking the water’s temperature first. Taking advantage of deposit and other bonuses requires knowing the dos-and-don’ts about depositing and withdrawing. It may seem complicated at first, but once you get the hang of it, it’s all rather simple.

Other Popular Guides

Finding the best online casinos is a task unto itself, and while we’ve put together a list of the top-rated operators so you don’t have to risk gambling with untrustworthy outfits, there is another aspect to consider when choosing the best site or sites for your needs: offshore gambling banking methods.

Every site takes a variety of payments, but due to domestic US law, some of these are less reliable than others. While every casino will ensure that your deposits and withdrawals are timely, some transactions can get caught in the red tape of the UIGEA (see below), and that means that – on occasion – depositing can be an inconvenience to navigate.

However, there are plenty of workarounds, and all the top brands in the business accept several kinds of fund transfers to help aid customers in making the process smooth and safe. Bitcoin (BTC) or other cryptocurrencies are the gold standard for offshore casino banking, but even if you don’t have any BTC or altcoins, you can easily acquire them or use alternative options. To find out which banking methods suit you, our brief guide highlights all your best bets.

Best Online Betting Sites For Easy Deposits And Fast Payouts

US Gambling Banking Law – UIGEA

There is one US banking law that applies to offshore casinos. Or rather, it applies to US-based financial institutions (banks and credit unions) that “knowingly” transfer money used to wager at overseas betting sites. This law, the Unlawful Internet Gambling Enforcement Act (UIGEA), was passed in 2006, and it’s the reason that most online casinos and Internet sportsbooks relocated offshore in the 2000s.

While the law has a daunting name designed to discourage offshore gamblers from doing business with these sites, it does not apply to individuals or offshore casinos and sportsbooks in any way, nor does it penalize Americans from using these outlets to bet and win real money.

Instead, the UIGEA is a banking regulation, and the worst it can do is block a credit or debit card deposit from going through. Additionally, it can make receiving payouts take an extra few days. That said, the law is largely ineffectual, and you may be impacted by it just a few times over the course of your entire gambling career.

Still, if you need to get your money to your casino or sportsbook ASAP, the UIGEA can be an irritating speedbump. Just remember: You are never at risk of prosecution in any way as a result of this law, and your money will not be confiscated or your account cut off whenever the UIGEA’s automated system flags a transfer.

Deposits At Offshore Casino Sites

Most trustworthy gambling sites offer a host of ways to get your account funded. After all, these sites never extend credit, and you can only play with the money you’ve sent them.

Thus, it is always in their interest to provide you with reliable, consistent ways to fund your betting pastime. Most sites offer the following banking options for deposits:

• Bitcoin Cash
• Litecoin
• Ethereum
• Ripple
• Zelle
• Visa
• Mastercard
• American Express
• International Visa gift cards
• Prepaid credit cards
• Money orders
• Bank wires
• Cashier’s checks
• Person-to-Person services (Western Union, MoneyGram, etc.)

Most of these options come with differing transfer fees and deposit limits, and they also take varying amounts of time to clear. Bitcoin and card transfers go through nearly instantly (though the UIGEA can interfere with the latter very occasionally, in which case you can wait a few minutes and try again or use a different card), while options like money orders, bank wires, and cashier’s checks can take 2-5 days to show up in your online gambling account.

Generally, fees for credit card casino deposits hover around 3-9 percent, while checks, money orders, bank wires, and P2P services have fixed rates depending on the amounts you send.

Bitcoin and other cryptocurrencies are the only options that come with no added transfer fees as a matter of course, though other methods may have their fees reduced or waived depending on your player status at the casino or sportsbook in question.

Zelle Deposits Using Zelle-To-BTC Process

For USA customers, Zelle is a new banking method supported by nearly every major financial institution. This allows Zelle account holders to send money instantly to other Zelle account holders, with no added fees. The service works a lot like PayPal, Venmo, or Cash App, with the exception that it is US-only.

While this US-only status means you can’t directly use Zelle Pay to fund your offshore betting activities, you can use Zelle to rapidly purchase Bitcoin at the LocalBitcoins exchange. Instead of waiting for days or even weeks to receive your BTC like most crypto exchanges require, LocalBitcoins Zelle support allows online bettors to get their hands on Bitcoin in just a few minutes!

After that, simply send your Bitcoin to your favorite offshore betting operator, and you’re ready to gamble. By using the Zelle-Bitcoin process to top off your betting account, first-time crypto users can bypass all the red tape and lengthy waits so they can bet on their favorite markets immediately. If you’re not using this new payment option to bet online, what the Zelle are you thinking?!

Withdrawals At Offshore Casinos

Withdrawals should always be high on your list when it comes to choosing your preferred offshore betting sites. Since most operators no longer do chargebacks, credit and debit card payouts are off the table. But you can still haul in your chips from that table, because reputable operators offer a selection of the following payout methods for their customers:

• Bitcoin
• Altcoins
• Money orders
• Bank wires
• Courier checks

As with deposits, different withdrawals come with different fee structures and transfer times. If you want immediate payouts, Bitcoin is the best, cheapest option, as there are no added fees and you can get your money stateside in just a few hours. Other options take up to a week before you get paid, and most come with transfer fees that eat into your profits.

If you can’t withdraw in Bitcoin, we recommend withdrawing via check, as most operators allow no-fee check payouts once a month or every 90 days.

Same-Day Payouts At Offshore Gambling Sites

The best online casinos that payout are the ones that do so quickly, fairly, and in full. However, most traditional banking methods do not allow for same-day withdrawals, and that’s a must if you need to get your money ASAP.

That said, all the major offshore brands do support Bitcoin and other cryptocurrencies, and using these are the only ways you can get your winnings the same day. As such, Bitcoin offers the best online casino payouts for US players. As long as you use crypto, every major site is an instant withdrawal casino.

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Bitcoin is also the only withdrawal method that comes with high limits and no added processing or transfer fees of any kind, so you can keep more of your money and build your bankroll with ease. But remember: In order to withdraw in Bitcoin, you must first deposit in Bitcoin.

Offshore Gambling Bonuses

Another important thing to consider with any casino or sportsbook banking suite is the bonus structure on offer. All offshore casinos sweeten the pot with voluntary first-time deposit bonuses, though a few have no deposit casino bonuses for existing players refilling their accounts. Of course, several operators do offer reload bonuses, so you can choose your site(s) accordingly.

An online betting deposit bonus works like this: You sign up, make your first deposit, and either select a bonus from a list of current promotions or enter an online casino bonus code. These are usually deposit-match bonuses.

For example, if you accept a 50% match bonus and make a deposit of $100, you will have $150 credited to your account. These come with rollover and playthrough requirements, which means that you must wager a multiple of your total credited deposit per the terms and conditions clearly stated on the promotion. Note that online poker bonuses are different from sportsbook and casino bonuses, as these do not come with rollover requirements.

The other kind of bonus popular among players is the free bet deposit bonus, which can often be claimed via so-called “no deposit casino codes.” These bonuses give new players a free “chip” with which to play, usually worth between $25 and $50, allowing you to sign up and gamble without making an initial deposit.

Apps That Accept Venmo

However, these tend to come with high rollovers, which means that you will eventually have to make a deposit and play for an extended period of time before withdrawing. These offers are usually seasonal, so they are not always available. However, all of our recommended sites have them from time to time, so you can often select from the following:

• Bovada Casino no deposit bonus
• Casino Max no deposit bonus
• Lucky Red Casino no deposit bonus
• Roaring 21 no deposit bonus
• Café Casino no deposit bonus
• BetOnline Casino no deposit bonus

Offshore Gambling Banking FAQs

While every site listed above has many online banking casino options, not all of them offer no deposit bonuses regularly. As stated above, these are usually seasonal promotions, and you should always shop around between different sites if you want to take advantage, as each site will run these offers at different times of the year.

All of our recommended sites offer reliable payouts, and they’re all the best in this regard. As long as your casino payouts are guaranteed, you’re in the black!

However, the best casinos make payouts easy, and for our money, Bovada stands above the rest in that department. The site has famously never missed a payout in a decade of operation, and that’s a reputation it works extremely hard to maintain.

Still, all the operators listed here are reliable and trustworthy, and they all offer guaranteed payouts.

Unfortunately, yes, they can. This is the purpose of the UIGEA law, as explained above.

What Online Places Accept Venmo

Nevertheless, you must understand that even if your credit card deposit is flagged by the UIGEA’s automated software and doesn’t go through, you are not in trouble, nor has your card been canceled or suspended.

This is simply an inconvenience, and you can best get around it by using a virtual currency like Bitcoin, as crypto is decentralized and transfers go through no governmental or banking institution.

All US banks nominally “prevent” unauthorized money transfers to offshore betting sites, but their software doesn’t catch most such transactions. As a result, there is no “best bank” when it comes to online gambling (except your own bankroll, which can be pretty great if you play your cards right).

Any bank you currently use should be mostly adequate for funding your account, and if you experience any trouble, please consider using Bitcoin.

You can acquire BTC via Zelle using an exchange called Localbitcoins.com if you don’t already own any cryptocurrency, which will allow you to get your Bitcoin and start gambling in just a few minutes.

No. Your bank may flag an offshore gambling deposit, but banks cannot actually block gambling sites. In fact, there is no US legislation that allows for blocking any offshore betting site that does business with US customers, as these sites are protected by international trade agreements, and the US itself has no jurisdiction over them.

If you live in the United States, you cannot use PayPal or Venmo (or any similar instant pay service) to directly fund or withdraw from your offshore casino gambling. This is simply a matter of corporate policy.

However, it is possible to get Bitcoin using PayPal (though you have to jump through some hoops), which you can then use for both instant deposits and same-day withdrawals. We recommend Zelle over PayPal if you decide to go this route.

There are no US banks that knowingly allow players to fund their offshore gambling accounts. This is due to the aforementioned UIGEA.

That said, most banks don’t have the digital infrastructure to identify the vast majority of such transfers, and you are breaking no laws when you use bank wires, credit cards, debit cards, or other methods to fund your online gambling and sports betting hobbies.

Occasionally, you may find that a hold has been put on your funds at your betting site of choice. While uncommon, this usually happens because a player has been identified as engaging in bonus manipulation or has otherwise been caught cheating.

The terms of service are very clear at all offshore casino sites, and if you play in good faith, your funds should never be locked.

In case of a dispute about locked funds (accidents happen, after all), every top-rated gambling site has 24/7 customer service to help you resolve the issue. Again, as long as you play by the rules, you have nothing to worry about, because each site sinks or swims on its reputation – and yours! – for honesty and fair play.