Prepaid cards for sports betting are quickly becoming one of the easiest and safest ways to deposit money into your online betting accounts. Many of the most popular online sportsbooks now offer their own prepaid cards that come with additional benefits such as extra rewards.
Read on to learn which sportsbooks accept prepaid cards, how to use them, and gain a thorough understanding of their benefits and restrictions. Here is a list of betting sites accepting prepaid cards.
The primary benefit of using a prepaid credit card over your actual credit card or debit card is an extra layer of security when betting online. Betting sites that accept prepaid cards also offer additional flexibility when funding your sportsbook account.
Your banking and credit information aren’t connected to a prepaid card, so this info can’t be transmitted to merchants either. Using a prepaid card effectively allows you to keep your personal information private.
Many bettors also appreciate that prepaid cards do not require a credit check or line of credit. Plus, most prepaid cards have no monthly fees and no minimum account balance. Once purchased, you can typically add funds to your card online or reload it at participating retailers.
Some prepaid cards, such as the Play+ card available at FanDuel, DraftKings, BetMGM, and other top online sportsbooks, can be used to withdraw funds from your sportsbook account as well as make deposits – another benefit you wouldn’t get with a conventional credit card.
Using a prepaid card is also a great way to manage your bankroll and gamble responsibly. A prepaid card is an extra step removed from your bank account or credit card and has no overdraft capability, which will make you think twice when topping up your sportsbook account.
Online sportsbooks will accept various types of prepaid cards, including prepaid Visa, prepaid Mastercard, and sportsbook branded prepaid cards.
Conventional credit card companies such as Visa and Mastercard offer prepaid cards that are accepted anywhere regular credit cards are, but don’t require a credit check or a bank account. Every online sportsbook we have reviewed currently accepts Visa as a deposit method, and more than 95 percent accept Mastercard as well, so this is one of the easiest and fastest ways to fund your betting account.
Prepaid Visa cards and prepaid Mastercards are easily purchased online or in-person at many banks and major stores such as Walmart.
However, some credit card providers do not allow transactions with online gaming providers, which may apply to their prepaid cards as well. If your transaction gets blocked when wagering with a properly-licensed and legal sportsbook, you should contact your card provider directly and ask them to remove the block from future transactions.
Note that few betting sites will allow you to withdraw from your sportsbook account to a conventional credit card or a prepaid Visa card. A notable exception is DraftKings, which first refunds your original deposit source with the amount you deposited, and then provides the option to choose a check or PayPal transfer to receive the remaining funds (i.e. your winnings).
Many of the most popular sportsbooks have partnered with financial services providers to offer their own prepaid cards. You’ll often see sports betting sites promoting these branded cards as their most recommended deposit option.
Prepaid cards offered directly from sportsbooks – like the FanDuel prepaid card or DraftKings prepaid card – have very high transaction approval rates when loading funds. They also often include additional perks such as extra rewards and bonuses. It’s easy to add money to them using your credit card or a checking account, or in some cases, with cash at a participating casino.
Some sports betting sites, such as FanDuel, have higher daily deposit limits associated with their prepaid cards than they do for regular credit or debit cards.
To sign up for a sportsbook prepaid card, simply visit your favorite sportsbook website(s). You’ll get a physical card in the mail a couple of weeks later, but you’ll be able to start loading the card and making deposits to your sportsbook right away.
Many sportsbooks have partnered with a Las Vegas-based company, Sightline Payments, to offer branded versions of Sightline’s Play+ platform. Other books, such as PointsBet, have branded versions of prepaid Mastercard’s or prepaid Visas. The fees vary and you need a separate prepaid card for each sportsbook you plan to visit.
Here are some important things to remember before using any type of prepaid card to fund your sportsbook account:
An added benefit of a Play+ card is you can use it to withdraw from your sportsbook account. To access your winnings, simply withdraw them from your sportsbook account to your Play+ account.
Beyond the sportsbook, your Play+ card functions the same as a Discover debit or credit card. You can use the card to make everyday purchases or even withdraw cash from a wide network of ATMs. Note that withdrawing from an ATM will incur an extra $2 fee (plus the fee from the ATM itself!), whereas a regular purchase will not.
You also have the option of transferring the money back to your bank account. Note that in most cases this will incur a $2 charge.