While many people fund their online gambling accounts with credit cards, don’t overlook the safety and reliability of online casino deposits using money transfer through a trusted company. With a money transfer, you can send cash directly to the online casino, sportsbook or poker room of your choice without sharing the personal info that comes with using a credit card.
To help you make the best decision, here is an overview of your money transfer options when sending funds to your online gambling account.
Key reasons to use money transfers for online gambling
For most gambling sites, you must provide a method of payment when setting up your account. While linking a credit card to your account is one option, many online gamblers prefer money transfers because:
Safety. When done correctly, transferring funds with money wires can be a safe and convenient way to deposit money into online casino accounts. Before transferring any money be sure to read our money transfer scams guide and research the casino through multiple sources like Trustpilot and the BBB.
Privacy. There’s no need to provide personal banking details to the gambling site, unlike a credit card payment.
Avoid excess fees. Credit card companies often treat payments to online casinos as cash advances, with high fees and interest rates.
Legal. Under strict US gambling laws, most online casinos won’t accept payments from e-wallet platforms held by customers in the US.
Must read: The signs of a gambling addiction – and how to seek help
If online gambling turns from a recreational activity to an addiction, it can put a strain on your relationships, your work and your finances.
If you’ve ever felt the need to be secretive about your gambling, gamble even when you don’t have the money for it or are having trouble controlling your gambling — or you suspect that a loved one has a gambling problem and shows some of these signs — seek out the help of a professional.
Here are a few resources:
National Problem Gambling Hotline — text or call 1-800-522-4700
Because strict US laws limit how an online gambling site can accept payments, most reputable casinos accept money transfers for deposits and payments. However, payouts to gamblers in the US are limited to bank transfers or couriered checks no matter your method of payment.
To confirm that you can deposit to an online casino with a money transfer, visit its website or create an account to view your payment options.
Popular online casino gaming options that accept money transfers for deposits and payouts include:
How do I transfer money to a gambling site?
Sending cash directly to an online casino, sportsbook or poker room with a money transfer can be safe and fairly straightforward when interacting with legitimate websites. Though it may take a bit more time to deposit funds than using a credit card, it may be worth it to benefit from the anonymity, safety and reliability that wire transfers offer.
To transfer your cash to an online casino using a money transfer service:
Confirm with the casino’s site the information you’ll need to initiate a transfer.
Yes, transferring money for online gambling is legal. But the United States has set forth strict regulations through the Federal Wire Act and Unlawful Internet Gambling Enforcement Act, which regulate the way that money can be exchanged for online gambling, including fantasy sports and skill games. This is why many US-facing gambling sites do not accept e-wallets as payment methods.
When participating in online gambling, be sure to use reputable companies that take government regulations seriously and have set up their sites accordingly. Personal online exchanges for gambling purposes may not be legal.
Is a money transfer for online gambling safe?
Using a money transfer for online gambling can one of the safest, most reliable ways to deposit and receive money. Of course, this depends on whether the website you are depositing to is authentic. Be sure to always do your research ahead of time before sending money anywhere online.
It’s a good idea to explore your payment options before setting up your online account with a casino. Choosing to deposit money to your gambling account with a money transfer provider, a cryptocurrency or a credit card are all great options. Just be sure to play only on trustworthy, dependable online casinos, sports books and poker rooms.
Frequently asked questions about gambling with money transfers
With most credit card issuers, payments to online gambling sites are subject to the same fees and interest rates as cash advances. This is because issuers see payments to online gambling accounts (as well as payments for lottery cards, foreign currency and money orders) as ATM cash withdrawals — to them, you’re essentially buying cash with your credit card to use for other purposes.
No, most major online casinos don’t accept cash as a form of payment.
How long you’ll have to wait for your winnings after you withdraw funds can depend on your location, money transfer service, bank account type and gambling site you’re using. Generally, you could receive your payout anywhere from a few hours to a week or more.
Gabi Byrnes is Finder's group publisher for money. She has over 10 years' experience in the digital media marketing industry, having worked at Ericsson Broadcast and Media Services and, most recently, Mumbrella. Gabi is RG146-accredited to provide advice in General Insurance and Basic Deposit products. She's partway through completing an Advanced Diploma of Financial Planning.
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