Prepaid Cards: Pros & Cons
- Adds anonymity
- Accepted at most operators
- Easy to use
- Safe payment option
Our step by step guide to betting with prepaid cards
Sports betting with prepaid cards in the USA offers a straightforward way to place online deposits. There is no need to create any online accounts or input any of your bank details, making it one of the most secure payment methods.
As previously mentioned, there is no need to enter any bank details or personal information to gain access to prepaid cards.
Make a deposit with a Prepaid Cards
The most widely used card provider for betting sites that accepts prepaid cards in the USA is Paysafecard. As this is the name you’ll see most often at US sportsbooks that accept prepaid cards, it will be used for all examples within this article on Sports betting with prepaid cards in the USA. E-wallets such as Neteller can also provide you with a prepaid card. EcoCard is another popular provider for prepaid cards.
You can buy a Paysafecard at one of over 650,000 sales points worldwide. Cards are available for the following amounts: 10, 25, 40, 50, 75, or 100. You can also find cards of 125, 150, or 175 at PayPoints.
All cards are printed with a 16-digit PIN number. Once you’ve created an account with a betting site that accepts prepaid cards in the USA, you will be asked for a deposit method. All you need to do is select ‘Paysafecard.’ You then need to enter your 16-digit PIN, and the credit will be deposited into your account.
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How long will it take to process my prepaid card deposit?
Payments made through Paysafecard on betting sites that accept prepaid cards in the USA, should arrive instantly into your online casino account. This is the same as for betting with PayPal and with betting sites that use debit cards. Many other casino deposit methods can take between one and three working days for the funds to reach your account.
If a payment takes more than 24 hours to reach your betting site that accepts prepaid cards in the USA account, you should contact customer service. Unfortunately, all prepaid cards are a one-way transaction. You can’t ask for withdrawals by the same method when you bet with prepaid cards.
Getting verified with a prepaid card
The main benefit for customers of sports betting with prepaid cards in the USA is the anonymity provided by this method. You aren’t required to create an account to use Paysafecard, as you simply purchase the card at one of the available points.
With the launch of the Paysafecard app, customers have the option to create an online account from which to refill their credit. When creating the account, you will be asked to provide basic information such as name, address, and email.
Standard accounts have various limits on how much money you can deposit and spend within a given period. To lift these limits, you can go through a one-time verification process. To do this, you will be asked to provide either a passport, ID card, or driving license, alongside a second photo of your face. The verification process takes only a few minutes to complete.
How long have prepaid cards been around?
Open-loop prepaid cards that aren’t ‘gift cards’ with one specific purpose owe their origin in the US to the 1996 federal Welfare Reform Act. This stated that food stamp coupons should be replaced with electronic cards.
- In the 1990s, payroll cards became a common and convenient way to pay employees without a bank account. In 1999, open-loop prepaid cards made their appearance in the US. This was a few years behind their release and popularity across Europe.
- In 2000, Paysafecard was developed as a simple method for online payment and sports betting with prepaid cards in the USA. It initially launched in Austria and then in Germany less than a year later. In 2002, Paysafecard was also available as an e-voucher. The company received EU funding in 2005.
- In 2008, Paysafecard was issued with an EU-wide e-money license, as well as a FINMA license for Switzerland. The company then received its own MasterCard license expansion in 2009. Following this, Paysafecard became available anywhere that MasterCard was accepted. In 2010, the company launched in the US and Mexico.
- In 2011, Paysafecard launched its free app so that people could purchase their PIN from a smartphone. This allowed those using Paysafecard to access betting sites that accept prepaid cards from their mobile. Now, Paysafecard is the most popular provider for betting sites that use prepaid cards.
How prepaid cards compare to other payment options?
The main benefit that sports betting with prepaid cards in the USA has over other payment methods is the anonymity it gives customers. Privacy is always something to consider when using a US sportsbook that accepts prepaid cards. Prepaid card gambling sites offer their customers a further layer of protection by limiting the information they require.
When you bet with prepaid cards, you only need to provide the PIN number from the card to place your deposit. All other payment methods require you to use some kind of personal data to make a payment. Online betting with prepaid cards like Paysafecard and others are the only payment methods that can offer you 100% security.
Another plus when betting with Paysafecard is the deposit time and the lack of fees. It’s free to make a Paysafecard deposit at prepaid card betting sites. The funds should be immediately deposited into your sportsbook account. Some other payment methods will have fees attached when making a deposit and can take up to three working days to process.
The main negative to sports betting with prepaid cards in the USA is that it’s only a one-way payment method. You cannot use prepaid cards as a withdrawal method. You’ll need to use an alternative payment provider for these transactions.
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A rundown of the top online gambling deposit options
There are plenty of payment methods available. The most frequent question from customers is whether they are reliable and secure. The top-rated operators and the payment methods they offer are guaranteed to be safe and legitimate. The other top payment methods available at the majority of online sportsbooks are as follows:
Debit card – This is by far the most popular deposit and withdrawal method across all online sportsbooks. Customers are familiar with this form of transaction, making it a straightforward option. All transactions are carried out through your bank, making it a secure method of transferring funds.
Betting with debit cards is usually fee-free and has reasonable limits for both withdrawal and deposit. Funds should reach your account almost immediately.
Debit card casinos like BetMGM typically offer withdrawals that will take up to three working days to reach your account.
Betting sites that use VISA and betting with MasterCard is also very common. However, it’s worth checking if this deposit method is subject to fees or charges. Some credit card casinos will take a percentage of your deposit when making a payment.
E-wallets, including Skrill, PayPal, and Neteller – This is another excellent option for both deposit and withdrawals and is widely available. E-wallets provide extra security as you can pay through your Skrill, PayPal, or Neteller account at betting sites like BetRivers.com, and don’t need to give any card details to the bookmaker.
Transactions for e-wallets are particularly quick. Deposits should be processed within 30 minutes. Withdrawals are usually available in your account within 24 hours, although this may extend up to 48 hours for particularly busy periods.
Answers to your prepaid card FAQ’s
Can I retrieve my Paysafecard credit to my bank account?
It is possible to return your Paysafecard credit to your bank account. If you have the Paysafecard app, you have complete control over the funds in your Paysafecard account. You can top up the credit amount you want, or withdraw any remaining credit amount.
Can I get a prepaid card bonus?
The payment methods that qualify for a deposit offer will vary depending on the provider. However, most betting sites that use prepaid cards will allow this as an option. Bonuses may be solely for new customers, or there may be additional bonuses available for continuing customers.
Generally, if the payment method is eligible for the initial deposit offer, then it will qualify for all other bonuses at that US sportsbook that accepts prepaid cards.
Why has my deposit not gone through?
Deposits from prepaid cards should transfer your funds to your sportsbook account almost immediately. However, during busy times this can take a little longer. If you’re using a valid US sportsbook that accepts prepaid cards and your payment has not reached your account within 24 hours, then contact the customer service and ask them to find out the issue.
How can I be sure a sportsbook is reliable?
The primary indicator of whether a US sportsbook that accepts prepaid cards or any online gambling site for that matter, is reliable is whether they have a gambling license. You should never bet at any site that doesn’t have one. Licensed sportsbooks and casinos have very strict regulations to adhere to in order to maintain their license.
The conditions set out by licensing authorities include proper data encryption and storage and only offering reliable payment methods for betting deposits and withdrawals. These authorities will also carry out random testing of sportsbooks and casinos. This is to ensure customer safety, and that the bookmakers are running a fair service for customers.
Conclusion – a widespread & trusted payment method
Prepaid cards have become an extremely widespread method for making online sportsbook deposits, as well as betting with MasterCard and Apple Pay. Customers particularly enjoy the anonymity and security that the prepaid cards provide. No bank details need to be put at risk, and if you purchase the card in person, then none of your personal information is required.
Online sports betting with prepaid cards in the USA gives you immediate access to your funds, so you can start betting straight away. So try out this fast and reliable payment method, and find out for yourself why it’s so popular.
We hope we have helped with your search to find the best US sportsbook that accepts prepaid cards for you. If you have enjoyed reading this article, you might enjoy reading our various online bookmaker reviews including many sites that support sports betting with prepaid cards in the USA, and betting with PayPal.
1.
Get up to $1,000 back in bonus bets
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2.
5 x $50Bet Credits
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3.
Bet $1 & Get $200 in Bonus Bets
Players from Virginia accepted
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Betting sites that accept Prepaid Cards FAQ
👮Is using a Prepaid Card safe for betting?
As with all online payment methods, prepaid cards also have security measures to help you gamble safely. These may not work in the same way as security measures for a VISA credit card, but they are tailored to using a prepaid card. To find out more about payment method security, take a look at our site.
🔍How do I sign up and use a Prepaid Card?
Getting your hands on a prepaid card and using it for betting site deposits online is really one of the easiest processes. We cover every step in our detailed prepaid card review, so make sure to visit the GamblingGuy.com site for some great tips.
❓Which betting sites accept prepaid cards?
If you’re looking for online betting sites specifically offering a prepaid card payment method, you’re sure to find quite a few. You can find your top options right here in our prepaid card review and discussion and also details about other payment methods on GamblingGuy.com.
