Money Transfer Sportsbook deposits

There are several widely used money transfer services accepted at online sportsbooks. However, you should keep in mind that some sites support only one of those companies, so you should always check the specifics before you decide to make a commitment. Usually, requesting a money transfer requires you to cover a small transaction fee. Consequently, these services aren't all that popular among the UK-based bettors, as they have plenty of free e-wallet services to choose from that are more simple to execute. Our page covering UK sports betting deposits provides some insight into the most popular banking methods used by UK players.

The situation is different in the US, as money transfers are the only fast cash out method available to US players. In addition, unlike credit card deposits using Visa, MasterCard, Discover or American Express, money transfer deposits are 100% reliable, so you won't have to worry about being forced to go through multiple credit card attempts before finding the one that works. This makes money transfer services a premium USA sportsbook deposit method. Nevertheless, you should keep in mind that only the largest sportsbooks are able to afford offering money transfer deposits and withdrawals, as transactions of this kind take a lot of effort to process. The brands recommended in this guide are the industry's leading sportsbooks, and most of them have been willing to invest in providing this deposit method option to their customers.

Funding your sports betting account via a money order actually requires a little bit of effort, but the entire process is very similar between both companies. If you'd like to deposit via a money transfer service, the first step would be to either visit one of the websites or to use the service via your local grocery store. They accept Visa, MasterCard and Discover Card payments. They also allow you to transfer funds using your bank account. Your sportsbooks should provide you with all the information that you need to finalize the payment once you select money transfer in the cashier menu, but sometimes you might have to contact support in order to get all the details. Once you have this information, go back to the website and find the "Send Money in Minutes" option. The next step is to enter the data you've received from your sportsbook and write down the Money Transfer Control Number.

Finally, once you have your MTCN, return to your sports betting site and use it to confirm the transaction. The money should be credited to your sports betting account within less than an hour. The size of the transaction fee depends on the amount of money that you've decided to transfer, but fortunately some spotrsbooks might cover this fee for you when you're making a deposit. While this procedure might sound complicated, fortunately completing it shouldn't take more than a couple of minutes, especially once you've done it a couple of times.

Alternatively players could also go to their local grocery store and fill out the necessary forms to send these money transfers and pay with cash. The limits will be higher compared to using either of the services. It's also worth noting that most sportsbooks will cover any deposit fees when using a money transfer servcie.

Money transfer cash outs are almost always available exclusively to customers that made a deposit in the past, so you definitely won't be allowed to cash out using this method if you've funded your account via a standard credit card payment. Not every site that supports money transfer deposits is going to support cash outs, so it is absolutely necessary to confirm this before committing to a deposit, particularly if you're a US-based player and the only reason you're planning to make a money order payment is the quick and reliable payout option. Bovada is actually one of the few sites that support money transfer cash outs, which are listed as rapid transfer in the banking section of the sportsbook. The maximum amount of money you'll be allowed to cash out using this method is $800 and the fees range from $20 to $60.