Venmo: Pros & Cons
- Safe and secure transactions
- Android and iOS apps available
- Low fees
-
Product of PayPal
The top US Venmo casinos
Currently, you won’t just find an online casino in the US that offers Venmo as a payment method, but you’ll most likely be familiar with the company that created Venmo, which is PayPal. Through PayPal and other brands like Mastercard, Venmo can be used as a legit payment method at many US online casinos.
How to start paying with Venmo
Gambling at an online casino with Venmo is relatively easy. First, you need to create an account. You can create one using your email address or Facebook account. When you’re done, you’ll even be able to create a personalized payment method for yourself with options like syncing your phone and Facebook contacts.
Verify Your Identity
Next, you need to verify your account. If Venmo didn’t have this requirement, we would not be discussing it as a viable payment method for security reasons. However, Venmo provides you with a four-digit verification code for account activation. You can then verify your account instantly by providing your online banking details or using the manual method, which is simple and easy but will have you waiting a day or two.
When you’re done, just link your bank account to your Venmo account for successful deposits at any casino.
Deposits and payouts with Venmo
Once your banking details have been verified, Venmo transactions are fast and efficient, and you can make instant transfers between two accounts.
Depositing money into your Venmo account can take up to three to five business days to clear, so make sure you’re aware of this when you need to use your Venmo account.
On the other hand, Withdrawal takes 30 minutes max with only a small transfer fee. Alternatively, if you want to withdraw but don’t need the money straight away, you can do it without incurring any costs ― it’s just going to take three to five business days to clear.
Many
US sportsbooks that accept Visa
and
US sportsbooks that accept Mastercard, which can both be used with Venmo deposits and withdrawals, are helping to make access to Venmo at online sportsbooks easier.
The Venmo verification process
After you’ve activated your new Venmo account using the four-digit verification code, you’ll need to provide some more information to confirm that it’s you using your bank account on your new Venmo account. It may sound like a hassle, but if you think about it, this is a lot safer than using a
betting site’s pay-by-mobile
function.
Here’s how it works: When your banking details are in the process of being verified, Venmo will perform a “test” microtransaction of less than $1 from your bank account into your Venmo wallet. This makes gambling in U.S. online casinos safer.
Venmo uses a customer identification program or CIP linked to a national database for identity verification purposes.
If the CIP cannot verify your identity, you will likely be asked to provide some additional documentation, such as your U.S. passport or your driver’s license.
A look into Venmo’s history
Venmo was founded in 2009 and had more than a decade of experience in the mobile payment app market. No wonder it’s trusted by millions across the United States. In 2015, Venmo was the New Media Awards winner in the web awards category.
The latest stats record Venmo to have accumulated a whopping 40 million downloads and handling over $12 billion in transactions. As a leader in its field, it’s easy to see why millions trust Venmo.
Venmo was initially founded by two students who wanted to split some bills. They were so frustrated at how complicated it was for everyone to figure out how much they owed that they created Venmo not to have to deal with issues like that again. Well, they succeeded! Venmo has become so much more now and is accepted by any establishment that accepts Paypal. This is fantastic news for all casino lovers because many
U.S. sportsbooks accept PayPal.
People have even started using Venmo for gambling purposes in the U.S. As a fantastic incentive, they launched the Venmo Mastercard, offering customers an actual physical card that can be used to withdraw money at ATMs and be used anywhere Mastercard is accepted. This feature also provides overdraft protection. This is good news because some U.S. sportsbooks acceptU.S. sportsbooks that accept American-express. Online casinos now have a significant advantage regarding customer wants and needs.
Top US operators accepting Venmo
1.
3,600 SC FREE + 1.225 Million Gold Coins
Players from Virginia accepted
2.
250 FREE VIRTUAL CREDITS
Players from Virginia accepted
3.
200 Free Spins + 500,000 Free G-Coins
Players from Virginia accepted
This is what makes Venmo stand out
Venmo is one of the leaders in its class. Faster than most other apps, it allows you to withdraw, deposit, and play within minutes. What we like most about Venmo is that it’s free to use, with only two of its features requiring any fees.
With Venmo, you can get your own Mastercard, adding payment versatility many other apps can’t offer. The Venmo Mastercard is perfect for your day-to-day transactions and is ideally suited to transactions including deposits and withdrawals at online sportsbooks.
Available on iOS & Android:
Venmo wouldn’t be fantastic if it weren’t available on both Android and iOS. Thus, gambling using it is the ultimate option in the US because it’s widely accepted and available for us gamblers. It does not matter what kind of gambling you’re into; you’ll find the perfect Venmo casino to suit your taste.
The provider you choose should support quick and secure payments. Gambling operators that accept Venmo will automatically tick all of these boxes ― you just need to read our reviews to find out! Rest assured that you and your money are safe with this payment method, as your friendly neighborhood casino will have the latest in security and encryption technology.
Venmo safety checks all the boxes
Venmo is one of the most secure apps of its kind. This is because it is backed by PayPal and incorporates PayPal’s long-standing security expertise. Venmo casino users can rest assured that their information is safe and secure and that all data is encrypted for safekeeping.
Additionally, Venmo implements a one-time security check to prevent identity fraud to put the most worrisome minds at ease. As a Venmo casino user, you can sign out remotely, meaning that even if someone else gets hold of your device, they will not be able to access your account.
Many of us are fussy about customer support quality as it plays a role in the safety of a product like Venmo. When looking at new options, it takes just one bad experience with a provider’s customer support for you to make it a priority. Luckily, you won’t have any issues with Venmo. If you suspect that someone was using your account without your permission, you can contact customer service for immediate assistance by email address
support@venmo.com.
Many US online casinos that accept Venmo also have pay-by-mobile options. While you may not be specifically interested in this option, multiple payment methods signify a legitimate online casino. Thus, you can look out for options like
sports betting with Paysafecard USA, prepaid cards, credit cards, and even Apple Pay.
The Advantages of a Venmo Casino
Gambling activities have come a very long way, and thanks to the internet and platforms like Venmo, it’s now possible to have an unforgettable online gambling experience that’s 100% digital. Here are some great advantages that Venmo casinos can offer you:
Quick deposit times
Gambling using Venmo has never been more comfortable and depositing at online casinos that accept it is super-easy and super-fast.
Once you’ve set up your account, follow the instructions set out by the online casino you chose, as their deposit methods with Venmo may differ slightly. Once you finalize the deposit, the money is available for you to use!
Quick withdrawal times
Looking for
online casinos that offer quick withdrawal? If you want to have your winnings deposited into your banking account, online casino Venmo cashouts can have your money in your account within minutes.
Gone are the days of waiting for your earnings to be deposited from your casino account into your bank account. Gambling at Venmo online casinos is a great experience.
Online casinos with Venmo also allow you to make immediate payments. This will enable you to place that last-minute bet before the game starts. On online casinos, you can even earn rewards back on your purchases from select merchants.
Save on fees
Unlike some other apps, Venmo can do more than just solve your gambling needs. For example, the unique Mastercard it offers means that you can use it every day.
Imagine using your winnings to buy a coffee, and the fee is actually not more than the price of the coffee! Well, with Venmo, that’s possible as transactions with your Mastercard are free, so you’re saving all the way.
Mobile solutions
Now, you can participate in online gambling with Venmo from the comfort of your own home. And because Venmo is Android and iOS-compatible, it is mobile; you can upload it to any smart device and take your gambling experience anywhere.
The gaming world is your oyster when playing at online casinos that accept Venmo.
Security is key
Not only are online casinos with Venmo more mobile, but they are also a more secure option when gambling online in the US. You no longer have to risk providing your banking details on every online gambling site you want to use.
Instead, you can just use your payment account. One account to satisfy all of your gambling needs! And with the backing of Paypal, it’s a reliable and secure way to gamble in the US.
Disadvantages of using Venmo at online casinos
Venmo, just like all other payment options, does have some disadvantages, but luckily, they are minimal.
Venmo’s transaction limits
If you’re a Highroller, you may need to consider getting a payment method with a higher weekly transaction limit. The current weekly limit of just under $5 000 is a great option for anyone who wants to have a go at online wagering and maybe do it as a hobby, but this stash limit is a bit low for serious bettors.
Availability
Venmo is currently only available to US online bettors. This is not necessarily a disadvantage to US online bettors. Still, it also means that you won’t be able to make Venmo transactions to anyone in another country for any other reason.
The top bonuses at Venmo operators
No matter which online casino accepting Venmo you choose, you’re bound to find exciting and lucrative bonus deals.
One of our top options is BetMGM, and it beckons with a fantastic welcome bonus for new customers. Not only does BetMGM support Venmo via PayPal, but it also offers new customers a 100% deposit match deal of up to $1000, plus an extra $25 to say welcome! There are lots of great offers out there, so stay tuned as we keep you in the loop.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Top alternative payment options to Venmo
Using Venmo for casino betting is arguably one of your top options, but it’s good to have some solid alternatives, just in case you need them. Additionally, as Venmo is not available at all online casinos, having another go-to payment method is ideal. Here are some of our top picks:
Credit cards such as VISA and Mastercard are accepted at most casinos. These can be used to fund your Venmo or PayPal account or used on their own for payments at your favorite online casino. Credit cards may require an extra fee, and online gambling sites have shifted towards debit card preference recently; however, a credit card is a great backup at most online casinos.
Debit cards are by far one of the most prevalent payment methods at online casinos. With no middleman, debit card payments are fast and to the point, and this payment method seldom requires any extra fees. Many sites offer debit card transactions as both deposit and withdrawal options, making it so much more efficient.
Betting sites that accept prepaid cards
include options like Paysafecard. Because prepaid cards are so easy accessible and still a safe option, it’s a good alternative to Venmo when you need one. You can purchase a PaySafeCard from your local supermarket or dime store. What makes options like PaySafeCard so secure is the fact that it also has an element of anonymity with online payments as you only provide the PaySafeCard number.
|
Mastercard |
VISA |
Paysafecard |
| Average deposit time |
Immediately |
Almost instantly |
Up to 5 business days |
| Average withdrawal time |
2-5 business days |
2-5 business days |
Processed within 24 hours |
Our experts’ conclusion – Venmo is the perfect payment partner
Venmo is an instant-pay, peer-to-peer (P2P) money-sending service owned by PayPal. Our comprehensive review shows just how many benefits there are to using
betting sites that accept Venmo
deposits at US sportsbooks and casinos.
One of the most significant benefits is its versatility — you’re able to use it for online gambling and in your daily life for regular purchases on the Internet and at local retailers, restaurants, and elsewhere, using the Venmo Mastercard.
With well over 40 million active Venmo users in the USA, this opens the door to a whole new segment of customers for online legal sports betting sites and online casinos accepting it as a payment provider.
Our review demonstrates how Venmo works and explains the fantastic benefits of gambling using it at casinos. Use our top tips to get the best gambling experience at any legal U.S. online casino that accepts Venmo.
With all of these tips and tricks, there’s no way that you can go wrong when logging into US online casinos.
Check out our favorite Venmo casino bonuses
1.
3,600 SC FREE + 1.225 Million Gold Coins
Players from Virginia accepted
2.
250 FREE VIRTUAL CREDITS
Players from Virginia accepted
3.
200 Free Spins + 500,000 Free G-Coins
Players from Virginia accepted
Casinos that accept Venmo FAQs
🎰 Can I gamble online using Venmo on any website?
You might find that payment options differ from site to site. You might find similar options across the board, but this does not mean you’ll always find the same methods. If you have a preferred payment method, then you will need to ensure that the gambling site in question includes this option. Take a look at our review to find out more about which sites accept Venmo for online payments.
🤑 Is it possible to get a bonus for using Venmo?
Many of the
best online gambling sites
provide users with enticing bonuses. However, many of these bonuses can only be claimed with certain payment methods. There are times when a selection of payment options is excluded from the offer in question. You can find out more about bonus T’s & C’s at GamblingGuy to ensure that you can use Venmo to claim these exciting bonuses.
💳 Is Venmo faster than my debit card?
Several payment methods will enable you to make instant deposits. However, it’s also possible that your chosen payment method will take slightly longer. It could very well be those online casinos with credit cards and Venmo facilitating the same processing times – but this is not necessarily true. Head over to our articles on Venmo payments at the top gambling sites to find out more.
⛔ Why would an operator block my account?
As you start to use more gambling sites, you may experience certain difficulties with your account. However, these issues will only come to the fore if you have transgressed certain terms or rules that the operator has put forward. To find out where you stand when using Venmo, take a look at our latest coverage at GamblingGuy.
👉 How do I link my Venmo account to my gambling account?
Creating a gambling account and linking a payment method is a lot easier than you may think. In our coverage of Venmo as an accepted payment method, we will walk you through all you need to know. This will enable you to quickly create an account without delaying the process. At GamblingGuy, we strive to make your life as simple as possible!
![Sports Betting Sites that Accept Venmo in USA [yyyy]](/wp-content/uploads/venmo.jpg.webp)
