Sportsbooks That Accept Paper Checks
As popular as it is, few people understand all there is to know about online sports gambling, especially when it comes to making deposits and getting started. One of the most popular methods of depositing is to write a personal check to the sports gambling website. This is the preferred deposit method of some because of how easy it is, though it does take time due to processing.
On this page, we will look into using checks for making sportsbook deposits. We will discuss the pros and cons of using personal checks over credit cards, explore the fees and timing, and even touch on the security factors you need to consider.
Benefits Of Using Paper Checks To Deposit
A bank check is just one of many ways you can deposit funds on an online sports betting site. There are advantages and disadvantages to all of them, of course, and here are a few when it comes to personal checks:
Ease of Use - Writing and sending checks to a sports betting site is much easier than dealing with credit cards. Cards often require you to fill out additional paperwork whereas a check deposit only needs an envelope.
No Fees! - Typically, personal check deposits don’t have any associated fees. All you have to pay for is the postage. A wire transfer, for instance, could cost as much as $60 based on the amount and the sportsbook you’re sending the funds to.
No Deposit Limit - Certain electronic deposit methods may have a deposit cap (like $1,000 for a wire transfer or PayPal, etc.). However, most of the prominent sports betting sites don’t have a maximum set on personal check deposits.
Drawbacks Of Using Paper Checks
Transaction Times - The only problem with using a personal check is the timing. It takes several working days for a check to reach the sportsbook via mail. Then, you will have to wait for the check to clear before you place any bets with your funds.
There are only a handful of high-end sportsbooks for USA players that accept personal checks. Most accept money orders and whatnot, but personal checks require more time to process. However, the sites that do accept bank checks are also known for their player support and openness when it comes to deposit and withdrawal methods.
Depositing With Paper Checks
How do you send a sports betting site a deposit check? Well, it’s easy! First off, you’ll need to visit your site of choice’s FAQ and deposit page to see what steps you need to follow. Typically, you will need to A) Write the check, B) Address the envelope, and C) Send it off. It doesn’t get much simpler than that.
Personal checks are often preferable because there aren’t any deposit caps. Also, a lot of players may not be comfortable using third-party software (online e-payment systems) to deposit money via credit card and transfer it to a sportsbook. While these methods are safe, all the moving parts and steps can be overwhelming.
Fees For Using Paper Checks To Deposit Into Online Sportsbooks
We guess that more or less any sportsbook worth playing at wouldn’t have any deposit fees for using paper checks. It doesn’t cost you or the sportsbook to deposit or process these checks. Instead, all you have to do is pay for postage (which is negligible). By using a personal check, you can save anywhere from $10 to $50 on deposit fees. That said, you need to find a sportsbook that will accept your personal checks, as there are regulations in the way of using most banks for online sports betting.
Deposit Times When Using Paper Checks
Unlike electronic deposits, personal checks are slow. It can take a few days to get a letter from place to place and, when you tack on processing time, you may have to wait anywhere between one and two weeks for your funds to be unlocked. There is no getting around this, though the added safety and convenience of personal check deposits make it all worth it.
Transfer Limits - Is there a limit on Paper Check deposits?
Certain deposit methods have minimum and maximum limits. These apply for electronic payments, though personal checks don’t have any fees. This means you can (typically) write a check for any significant amount and send it to the sportsbook, though it is important to read the site’s guidelines beforehand.
Paper Check Sportsbook Deposit Bonuses
Just about every online sportsbook offers players big bonuses when they make deposits. The most common is the match bonus, or when a betting site will give you free money to bet with equal to your deposit. These are often capped at $100 or $500 dollars depending on the sportsbook. There are unique bonuses for certain deposit methods, too, as well as reload promotions for making additional deposits.
sportsbook Security - Keeping Your Paper Check Account Safe
Nothing is 100 percent, though sports bettors who follow the guidelines and use common sense should never have a problem when they place deposits with bank checks. Follow the rules, pick the right deposit method that fits your budget, and give it a shot. If you have any questions, make sure to contact the sportsbook.
Paper Checks Sportsbook Withdrawals - Paper Checks For Sports Betting Pay Outs
While personal checks may not be the most popular deposit method, they certainly are when it comes to withdrawals. Players can easily request a payout (as long as they bet certain amounts) and receive a check written to them within one to two weeks based on the sportsbook. This method is quick and easy, too, and you don’t have to rely on any electronic payment systems.
Best Online Sportsbooks That Still Accept Paper Checks
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