Sportsbooks That Accept Money Orders
Online sports betting is an increasingly popular activity in the U.S. Players are able to create accounts, wager real money on games, and even bet on every major sport. However, there are a lot of questions that need to be answered about getting your money on a website to play with. Depositing funds via money order, then, is the focus of this article.
Before we get started, it is important to quickly make a note of what exactly a money order is. Money orders are very old, traditional banking services that act as a middleman between two parties in a transaction. You’re probably familiar with some of the money order providers currently doing business in the US, such as MoneyGram and Western Union. Money order services allow you to pay the middleman company with cash/debit/credit, who then – for a fee – transfers that money to the transaction’s ultimate recipient (in this case, your offshore sportsbook).
Now that you know what a money order is, we will discuss the ins and outs of money orders to help you understand which sportsbooks accept them and how to use money orders to place deposits. Hopefully, by the end of this page, you should be ready to place your next online sports betting deposit.
Benefits Of Using Money Orders To Deposit
There are a lot of ways to deposit funds to your online sports betting account of choice. Money orders, however, are often considered one of the safest and one of the quicker ways to make a deposit. Here are a few pros and cons of using money orders on sports betting sites:
100% Safe Transactions - Money orders are addressed to a single party, just like a personal check is. This means that money orders can only be claimed by the pre-determined recipient, and they are thus just as safe as other methods like the aforesaid checks. In fact, they’re safer than checks, because there is no easy way for the middleman (or recipient) to modify the terms of the payment or cash the payment inappropriately.
Sold Everywhere - You can purchase money orders from almost anywhere, including grocery stores, gas stations, and banks. Most accept cash, though you can use credit and debit cards in many places, too. Money order companies include MoneyGram, Western Union, QuikTrip, Walmart, Safeway, and even the USPS.
Monitor Transaction Progress - Money orders can be tracked like regular mail in most circumstances. This allows you to see how long it takes your payment to get to its destination, meaning that you will have a better idea of when the funds get deposited. Usually, this process only takes a couple of days.
Drawbacks Of Using Money Orders
Slower Processing - The time it takes to order and process a money order deposit can be annoying, though this is all for safety (and logistics considerations). In addition, there is usually a higher minimum deposit required when using money orders. If you want to make $50 deposits and want them applied to your account instantly, for example, money orders are not appropriate. Money order transfers take between 3-5 days to clear, on average.
High Processing Fees – Money orders also come with higher processing and deposit fees. These are set by the money order provider you select, and you will typically have to cover both the “send” and “receive” fees. Your online sportsbook will not pay any fees to receive payment from you, so you will cover these. That said, for very large deposits, your sportsbook may elect to cover the receipt fees, though this is determined on a case-by-case basis.
There are only a few reputable sportsbooks that accept money orders for initial account funding and reload deposits. Among these, the most popular include BetOnline and SportsBetting, two real-money sportsbooks that are accessible to U.S. players. (At this time, Bovada, the most popular sportsbook in America, does not accept money order deposits or support money order withdrawals, though this could change at any time.)
BetOnline Sportsbook – Money Orders Accepted From All 50 States
At BetOnline, you have a multitude of deposit options to choose from. Of these, money orders are one of the more common “traditional” banking methods, and hundreds of thousands of US customers use them to fund their accounts each year.
BetOnline money order deposits must be at least $300 and can be for any amount (on $50 increments) up to $9000. Money order withdrawals cost a flat fee of $80, and you can request between $500 and $9000. For assistance in using money orders at BetOnline, their customer service reps are available 24/7 to walk you through the process.
SportsBetting Sportsbook - Live Help With Money Order Deposits/Withdrawals
SportsBetting is the USA online sportsbook that boasts the most financial options for all its members across the country. No book offers more ways to fund your personal betting account, and SportsBetting is dedicated to working with you to make the process as easy and smooth as possible.
At SportsBetting, you can use money orders to deposit, but you cannot currently use them to withdraw your winnings. If you wish to use a money order to fund your account, simply visit SportsBetting’s cashier page and follow the on-screen directions. You can expect the deposit terms to be similar to other sites, with minimums of $300-$500 and maximums of $9000 or so.
Best Online Sportsbooks That Accept Money Orders
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Money orders are a great way to send deposit funds to sportsbooks because they are reliable and easy to get. You don’t have to even use a credit card or risk other e-payment systems; instead, buy a money order with cash or debit and send it on its way! They also process much faster than normal checks, too, since the funds are “in” the money order.
Depositing With Money Orders
You can learn how to place money order deposits to a particular sportsbook by visiting a site’s Cashier page or navigating to the site’s help section and reading through their FAQs. Generally speaking, the process is always the same, regardless of the book you use. The first step: Buy a money order at a retailer (Western Union et al.). Next, you will need to fill out the address of the money order in the exact way that your sports betting site instructs you to. Then, hand it to the retailer’s representative, and they’ll send it off. It’s that simple!
Fees For Using Money Orders To Deposit Into Online Sportsbooks
As stated above, there are associated fees for using money orders to deposit into USA online sportsbooks. These fees will vary by your sportsbook and money order processor of choice, but you can expect to pay both your end and the sportsbook’s end of the money order fees. These are typically small, but you need to factor them in when using this deposit method in order to keep an accurate record of your wins and losses when wagering on sports.
The goal, of course, is to maximize your winnings, and you can’t do that if you regularly sacrifice winnings (or potential winnings) by using money orders when there are better options available. That said, money orders are absolutely a viable funding method for hundreds of thousands of active US sports bettors, particular those who wish to keep all of their transactions effective cash-based. Most sportsbooks will waive money order fees on very large deposit or for preferred players.
Deposit Times When Using Money Orders
A money order takes as long to be deposited as it does for the envelope to arrive at the sportsbook. Usually, this is between 1-2 weeks based on where you are and where the sportsbook is headquartered. It’s not instant like electronic payments, but it’s much easier to deal with, especially if you prefer to keep things cash-based.
Transfer Limits - Is there a limit on Money Order deposits?
Players love using money orders because they have a wide limit. Typically, there will be a minimum for processing (you must deposit $50-$100 as a minimum, depending on your sportsbook’s policies). The maximum also depends on your sportsbook, but it is usually in the several thousands of dollars.
Money Order Sportsbook Deposit Bonuses
Each sports betting site is unique, though most offer players a bonus when they deposit funds for the first time. This is typically known as a “new member” deposit bonus and usually equates to free funds equal to half your deposit (or more). There are other bonuses, too, usually for those refilling their accounts with fresh funds and those making various first-time wagers (i.e. live bets and player props, etc.). Keep an eye out for these whenever you sign up at any sportsbook and submit a deposit.
Sportsbook Security - Keeping Your Money Order Account Safe
Anything can happen to an envelope, though a money order is protected with insurance that covers the amount being transferred. This makes them much safer than checks and many other types of deposit methods. You can also track money orders, so you can keep a watchful eye on your funds as they make their way to your overseas sports betting site of choice.
Money Order Sportsbook Withdrawals - Using Money Orders For Pay Outs
Money orders aren’t the most common way to request a payout, though they work just as well as any other method (excepting Bitcoin/crypto withdrawals, which process same-day and don’t come with any added fees). Your favorite US online sportsbooks will send you a money order and, in turn, you can cash it at any bank of your choice. Though money orders are a physical, non-electronic payment option, they’re as convenient as it gets. Just make sure that you understand that money order payouts – at the sites that honor such – will come with a fee that varies according to several factors. Your sports betting site will outline all fees ahead of time, however, so you can always make an informed decision.