There’s a wide range of sportsbook app payment methods: all of which are safe, convenient, and easy to use. But as with every online transaction, you still need to be cautious about giving your personal and financial details when using a sportsbook app. In this guide, our betting experts cover everything you need to know about funding your sportsbook app account.

We will run through important features to consider when choosing your sportsbook app payment method and things you should know if you are new to the world of legal US betting. We will also go through the pros and cons of each option to help you find a payment solution that works best for you.

From credit cards to e-wallets and prepaid cards, this guide covers all US online sportsbook app banking options so you can have your account fully funded and ready for betting right away.

Sportsbook App Payment Methods: Depositing And Withdrawing

Anyone placing real money bets online will need to deposit funds and hopefully withdraw winnings from their account. When funding and cashing out from your legal sportsbook app, there are three main priorities you need to look at:

  • Security
  • Convenience
  • Variety

For obvious reasons, your online safety when disclosing personal and financial information online is crucial. You need to know that your details are protected from hackers so you can play with confidence. Thankfully, all legitimate US sportsbook apps are required to implement the highest security standards. This includes offering the latest encryption technology to protect players’ details. In addition, apps have data protection policies and privacy settings that allow bettors to decide whether their information will be shared with third parties.

Convenience is crucial for a stress-free sports betting experience. Every bettor wants to have instant access to their funds when making sportsbook app deposits so they can start wagering immediately. 

Likewise, cashing out from a sportsbook should be straightforward. The ability to deposit and withdraw from your mobile is also a requirement for many players as more people enjoy wagering from smartphones and tablets.

Different bettors have different needs and preferences when it comes to sportsbook app payment methods. So having a variety of US online sportsbook app banking options is essential. Variety is also important for sports betting operators that want to gain and retain customers, according to research conducted by Paysafe. Thanks to the highly competitive industry, we are given many options from sportsbooks to appeal to any player.

Each method has its advantages and disadvantages, so you can choose the best option for you.

The Pros And Cons Of Popular Sportsbook App Deposit Methods

Now that you know the basics let’s inspect the available sportsbook app payment methods:

Credit Cards

Many players like to use credit cards to fund their sportsbook app accounts, which can usually only be used for sportsbook app deposits (and not withdrawals). As a more traditional online payment method, you may appreciate the familiarity. Besides, payments are easy and convenient, without the need to use any third-party service. Simply enter your card details at the cashier to fund your account in seconds.

However, to help combat fraud, many sites have lower limits with credit card deposits. This limit can often be frustrating, particularly for high rollers. Not all sportsbooks will accept all credit cards either. Visa and MasterCard credit cards have the highest acceptance rate, whereas you will have difficulty finding a site that accepts Discovery or Amex sportsbook app deposits.

Some states won’t even accept credit card deposits at all. For example, Oregon sports betting laws dictate that only the lottery-run Scoreboard can operate, where funding your account with credit isn’t an option. The sportsbook apps in Iowa, New Hampshire, and Rhode Island also don’t allow credit card payments.

As US sports betting has only really found its feet in recent years, many credit card providers and banks have not yet caught up. Some will block transactions from gambling sites, with the Bank of America being the most stringent. The banks that accept your payment view may charge fees.

Debit Cards

Most players are familiar with debit card payments. Like credit cards, debit cards are another top choice for sports betting app account funding. They, too, make an easy way to fund your account without relying on third parties immediately. Debit cards are preferable over credit cards, as your bank will not charge fees. They’re also less likely to be rejected and are available in most states.

Unfortunately, you cannot use debit cards for sportsbook app withdrawals, which could increase the time taken to process withdrawals while you set up another payment method. Moreover, players concerned with online safety are better suited to deposits that rely on trusted third parties. This means you won’t have to directly input personal and sensitive information into the sportsbook, as you would with credit and debit card payments.

Bank Transfers

Bank transfers are another option available at popular US sportsbook apps, including William Hill, DraftKings Sportsbook, and BetMGM. The major advantage of sports betting app account funding via bank transfer is from a security standpoint. As you are processing the transaction directly from your bank, you are protected by the bank’s security measures that will keep your money safe. It makes this method an excellent option for high rollers who are transferring a lot of money.

Although going through your bank increases security, it is a two-stage transaction that can be inconvenient and take more time. However, as soon as you’re used to the process, you’ll be able to complete it quickly. You’ll have instant access to your funds when making sportsbook app deposits. Using bank transfers when getting cash from a sportsbook app is one of the fastest methods. 


Popular e-wallets such as Paypal, Neteller, and Skrill are available in many US online sportsbook apps. E-wallets are known for speed, safety, and convenience. According to a study about payment methods in the US sports betting market, e-wallets are the preferred sportsbook app payment method for high-volume bettors.

All sites that accept e-wallets, such as Paypal deposits, will also offer it for sportsbook app cashouts. It is typically the fastest withdrawal option, with your winnings usually reaching your account within 48 hours. Paypal also has no associated transaction fees. While limits will vary from site to site, they are typically between $10 and $10,000.

E-wallet transactions are highly secure. You won’t need to give any financial information directly to the sportsbook app. Moreover, e-wallet companies have lined up with US authorities to advocate safe and legal gambling. For example, in 2010, Paypal edited its user agreement, so only regulated US sportsbook apps can offer Paypal. This further protects players from scam sites.


PayNearMe is a prepaid card available for sportsbook app deposits and allows you to load it with money at participating stores, such as 7-Eleven, CVS, and Family Dollar. Simply go to your nearest PayNearMe point and top up your card with the amount you want to spend. You will then be given a barcode which you can enter at the cashier screen of your chosen sportsbook app.

This US online sportsbook app banking option is great for anyone not wanting to share card details or banking information with the site or other third parties. For this reason, it is also a highly secure option for players that want to keep their betting private. Not that you have anything to hide, but your financial choices and transactions are your own business. Anyone that can’t deposit with their credit or debit card can also use this as a convenient alternative.

The main drawback with PayNearMe is the deposit limit, which for sportsbook apps is $500 a day. Although it’s enough for most bettors, it may not work for high-stakes players. Depending on where you live, you may also have to travel a while to your nearest convenience store. Digital methods also allow you to make transactions from the comfort of your home.

Gift Cards

Gift cards are prepaid cards that act as a safe funding method for sports betting apps. Credit card companies often offer prepaid cards, but many online sportsbooks have partnered with financial service provider Play+ to offer their gift cards. They are a great way to limit your spending as you can only spend what’s on your card.

Their most significant advantage, as with PayNearMe deposits, is their anonymity. There is no direct link between the sportsbook and your bank account by using gift cards, giving you a high level of security and privacy. You can also use Play+ cards when getting cash from a sportsbook app. They function as debit cards that you can use to withdraw money or spend in-store, or you can transfer your winnings to another account.

The main drawback of gift cards is that if you are playing on many US sportsbook apps, you will need a separate Play+ card for each one. Some also charge the same fees as using bank cards and depending on the site, limits that don’t suit high rollers may also be in place.

Cash At The Casino

If you live near the retail sportsbook or land-based casino partner of the sports betting app you’re using, you could make sportsbook app deposits and cashouts in person at the casino cage or sportsbook counter. These are incredibly safe, secure, and private transactions. You can also keep your bank statements free from gambling transactions by using cash. It is also easier to budget.

The main issue with using cash at the casino is its inconvenience. You will need to travel to the physical location and may have to wait in line on arrival. However, it may still be worth getting cash from a sportsbook app if you don’t live miles away. You will receive your money instantly instead of having to wait a few days for the withdrawal to process.

But cash at the casino or retail sportsbook isn’t available in all states. Take Tennessee legal sports betting, for example, the first state to launch an online-only gambling industry as there are no brick-and-mortar gambling venues in the state. As such, if you wish to pay with cash in TN, you’ll have to do so via PayNearMe points.

Sportsbook App Payment Methods: FAQs

Do all credit cards work at legal US sports betting apps?

No, not all credit cards work at legal US sports betting apps. Most online casinos accept Visa and MasterCard while some sportsbooks won’t accept Amex or Discovery. Whether you can pay using credit also depends on the state you live in and your bank.

Why did the sportsbook reject my credit card?

It depends. Sometimes a sportsbook app may reject your credit card payment. Even though it is a legal transaction, some banks do not accept gambling transactions as a part of their policies. Check with your bank to find out its terms and conditions. 

Can I use my debit card to deposit at legal sports betting apps?

Yes, you can use your debit card to deposit at legal sports betting apps.  However, some states, such as Oregon (which only has its Scoreboard app), won’t accept this sportsbook app payment method. Check the available options on your preferred site to be sure.

Why should I trust sportsbook apps with my banking information?

Yes, but you have privacy options. You should trust sportsbook apps with your banking information because regulators oversee all legal US online sportsbook apps. These ensure the site is adhering to strict safety measures to guarantee your banking information stays safe, such as using 128-bit SSL encryption. If you are worried, try using an anonymous payment method such as gift cards or cash.

What’s the fastest way to deposit money at a legal US sportsbook app?

In-person or through an e-wallet like PayPal. The fastest way to deposit money at a legal US sportsbook app is by going to a retail sportsbook or cash cage of a casino partner. However, this option is not available in all states, and you will need to travel to the location. If you are looking for the fastest online deposit option, use an e-wallet like Paypal or Neteller.

Do any legal mobile sportsbook apps allow me to bet on credit?

No, betting on credit is not available on mobile betting apps. To bet in a legal US sportsbook app, you must first deposit money into your account. You will only be allowed to bet the amount you have available in your account balance.

Do I have to pay fees to cash out from a legal US sports betting app?

Yes, some US sportsbook apps will apply withdrawal fees. It usually depends on the payment method used. In most cases, the sports betting app directly won’t charge you, but your bank or another third party you’re using may take fees.

Can I deposit at a legal sportsbook app in the US using cash?

Yes, you can deposit at a legal sportsbook app using cash. If you live near the land-based casino partner or retail sportsbook, you can do this there. However, this option is not available in all states where sports betting is legal. Alternatively, you can pay with cash using PayNearMe points found at your nearest convenience stores.