Sports Betting Site Withdrawals
When playing at an online sportsbook one of the first things you will want to do is checkout their payout methods. It’s important to get paid once you have won some money and the most reputable sites have many payout methods to get you your funds fast. This page will walk you through the most common payout methods and show you how each one works. There are certain laws, which cover the way online sportsbooks can payout funds to accounts, and we will touch on those as well. When you are done with this page, you will understand all of the options available to you.
Sportsbook payouts are legal as long as they follow certain guidelines. We will look at a couple of federal sports betting laws concerning online sportsbook operations.
Wire Act – The Federal Wire Act of 1961 is one of the main laws governing online sportsbooks. This law requires that the sportsbook be located outside of the U.S. and be legal in the country they operate from. All of the sites we review meet these criteria and there is no reason to worry about the Wire Act.
UIGEA – The Unlawful Internet Gambling Enforcement Act of 2006 requires that online sports betting sites serving U.S. players not send money for payouts directly to a player’s credit card. Many funding methods are available that are safe and legal, so there is nothing to worry about here.
These sites all use the latest security software to ensure the members safety. The online sportsbooks for U.S. players that we review have all been around for years and have sterling reputations. Each of the sites we review has millions of members and prides themselves on their security. They wouldn’t be in business very long if they were having data breaches or losing their members information. Every one of the sites we review has up to date gaming licenses and these are monitored for safety and security.
Learn More: State Sports Betting Laws
When you have made some money and have a little in your account, you may want to withdraw some. To get your money, you would simply go to the cashier button and click on the payout method of your choosing. Some methods can be a little faster than others and some are better for larger or smaller amounts. Each site will have their own payout methods and fees so you will want to check with the site of your choice. Once selected, simply enter the amount you wish to receive and you will likely receive a confirmation email about the request as well as another email when the payout has been processed. This may not be the exact process at every sportsbook, but each should have something similar to the steps we've described.
Every sportsbook will be slightly different in the options available to you. The sites we review and recommend all have the most popular methods available. These methods range from checks and Person-to-Person transactions such as Western Union or MoneyGram, to bank wire transfers and gift/cash cards. All of the methods will get you your money quickly and safely so there is nothing to worry about. We will take you through some of these payment options.
Checks - Yes, you saw that right; the good old-fashioned check is one of the most popular methods of receiving your winnings. There is a small fee of $25 for this method, but some sites allow one free check payout per month, and you can request anywhere from $50 to $2,500 so this is a good method for small amount and large payouts. Checks are generally available within a week and they are made out to you so you simply deposit them in your bank account and your money is available. It’s that easy.
Cash Wire Transfer - This method is also known as Person-to-Person on some of the sites. Even though you may not have heard of it referred to this way, this method is familiar to most people. Your money is sent via MoneyGram or Western Union and can be available in hours from the time you request it. Fees of $26 to $101 will apply and you can receive anywhere from $50 to $600 using this method. Just contact the help center and they will give you the codes you need to retrieve your money.
Bank Wire Transfer - For larger payouts, you may want to go with the bank wire transfer option. You can get anywhere from $500 to $24,900 and it will usually be in your account within a week. There is a limit of $15,000 per week on some sites, and the fees range from $45 to $75. Go to the cashier section to get the instructions for this method. It will usually involve faxing or emailing your bank wire instructions to the site and they will send your money to you as soon as it is processed.
Cash/Gift Cards - Cash or gift cards are a good way to receive your money with no fees attached. If you like shopping at Amazon or Walmart you can get your money transferred directly to these cards. You can then use the cards for purchasing the goods and services of your choice. There is no limit on the Walmart card and on an Amazon card, you can receive amounts from $50 to $1,000. These options vary by site so you will want to check the availability on your site of choice.
Bitcoin - Bitcoin is a fairly recent technology and currency that has been around for a couple years but it is gaining acceptance everywhere. There are no fees associated with receiving your payouts in bitcoin. It is an international currency, which you can spend all over the world. If you have deposited your account with bitcoins or have exclusively used bitcoins then you can withdraw the entire amount in bitcoins. If you haven’t used bitcoins to fund your account, you are allowed to take out one Bitcoin payment per week up to $1,000. See your favorite online sportsbook for USA players to get more information that is specific on Bitcoins.
These sites all use the latest security software to ensure the members safety. The online sportsbooks for U.S. players that we review have all been around for years and have sterling reputations. Each of the sites we review has millions of There is little doubt that when you need to get your money out of your sportsbook account, you need it now! So, which payout method offers the fastest sportsbook withdrawals? In most cases, the fastest way to get paid is going to be through using wire transfers. These do require users to pay fees, but they are small price to pay for the convenience of getting paid the same day (under certain circumstances), and with cash. and prides themselves on their security. They wouldn’t be in business very long if they were having data breaches or losing their members information. Every one of the sites we review has up to date gaming licenses and these are monitored for safety and securit
Most of the fees associated with your payout transactions are due to international exchange costs. All of the US legal sportsbooks do their best to keep the costs as low as possible. Sometimes they will offer free transactions on one payout per month, while other payout methods are completely free all of the time. Check fees are $25 but you can get one free check per 30 days. The fees that are associated with each type of transaction will vary from site to site and from one payout method to another, so it’s best to check your preferred site for the specifics.
As with the other things discussed on this page, payout minimums and maximums change from site to site and from method to method. It is best to check you online sportsbook of choice to see the specifics for that site. We have already discussed the Person-to-Person amounts on one site being a minimum of $50 and a maximum of $600. On the same site, a bank wire transfer can be up to $24,900 while a bank check has a minimum of $500 and maximum of $2,500. Using Bitcoin the minimum is $20 and the maximum is $3,500. You can see that there are differences between the methods and that is just on one site. Just know that you have many options and you can find one that fits you best.
The amount of time it takes to process your payout also depends on the method used. While some can take a week to ten days, others are ready in just a few hours. Fastest isn’t always the best and you will have to determine for yourself which payout method makes more sense. It may be that you like using Western Union or MoneyGram but you just purchased some Bitcoins. You may want to try the bitcoin payout as it is fast and there are no fees attached.
Most of the fees associated with your payout transactions are due to international exchange costs. All of the websites do their best to keep the costs as low as possible. Sometimes they will offer free transactions on one payout per month, while other payout methods are completely free all of the time. Check fees are $25 but you can get one free check per 30 days. The fees that are associated with each type of transaction will vary from site to site and from one payout method to another, so it’s best to check your preferred site for the specifics.
BetOnline is the number one choice for online sportsbooks that accept U.S. players. They will take players from every state and have been around for over 20 years. Millions of players worldwide call BetOnline home. This site offers more payout methods than most sites and their speed and safety are the best. They offer wire transfer, multiple delivery methods for check, transfers directly to bank accounts, and even Bitcoin which has really been catching on with other legal sports betting sites too. All of these methods are fairly fast, come with low fees and no hassle!
Signing up at BetOnline is fast and simple. Just go to the “join now” button at the top of the page. Once you click that you will be taken to a page where you will enter some basic information and choose a password. When you are finished click the “click here to create account” button on the right side of the page and BetOnline will send you a confirmation email. By clicking on the link in that email, you will be ready to get started. Right now, they have a welcome bonus of 25% that is added to your account once you have made your first online sportsbook deposit. That is up to $1,000 in free money to play with, so sign up today and you’ll be playing on our choice for the best online sportsbook for U.S. players.
| Legal Sports Betting Sites | USA? | Rated | Learn More | Sign Up Bonus | Bonus Cap | Bet Today: |
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