Sportsbooks That Accept Prepaid Gift Cards
Many prepaid card sportsbooks offer a safe, fast, and efficient betting experience through a variety of prepaid options. The process of depositing with a gift card is identical to transactions with a debit/credit card and can be used to redeem new player and existing player bonuses. This secure method allows online players to fund their accounts without giving anyone their personal bank/card information. Before purchasing one of these cards, it is important to ensure that the sportsbooks that accept prepaid authorize international transactions.
How Do I Deposit Using A Prepaid Gift Card?
Players may notice that the online sportsbooks that they are trying to join do not appear to offer a prepaid gift card in their deposit section. Do not worry, prepaid gift cards are treated like credit cards and are to be deposited as such. Enter the information on the card, select the deposit amount, and then choose between many excellent bonuses.
Benefits Of Using Prepaid Gift Cards To Deposit
Re-Usable - Many of these cards can be “reloaded” – so if you’re planning a trip and don’t want to carry a wad of cash, you can pack the card and go. Because these are actual Visa, Mastercard, or American Express products, they are accepted internationally – and that often will include your favorite sportsbook apps/site. The one thing to remember here is that it is important that you make sure that the card you purchase actually is accepted internationally but other than that you should be good to go.
Point Of Purchase - These prepaid cards can be purchased online, and often you’ll find them in your neighborhood Walgreens, Wal-Mart, Kroger, or convenience store. By paying a small upfront fee, you have essentially created an interest-free account with which to fund your online sportsbook. Prepaid cards are widely available, and are easy to acquire.
Drawbacks Of Using Prepaid Cards
While prepaid gift cards are an efficient and secure method of funding an online sportsbook account, there are fees attached to most transactions. Charging fees is common for most funding methods, including standard credit/debit card transactions. These fees vary depending on the sportsbook being funded by prepaid cards and the bank associated with the card for US players. If wanting to avoid fees altogether, online cryptocurrency deposits and withdrawals are processed with zero fees involved.
Acceptance Rate Of Prepaid Cards At Online Sportsbooks
We hate to use the terms “guaranteed” or “100%”, but this is a scenario that allows us to assure you that you can use prepaid Visa and Mastercard, and usually American Express, cards at virtually any online sportsbook you select – with one caveat. You must first call customer service at the site where you wish to place your bet, and ask them, “Which of these cards will you accept?” The Customer Service representative will let you know which card will work at that particular site, and give you any information that applies to the use of that card, i.e., fees that may be passed on to you. Buy the card, set up your account, and place your bet. Then turn on the television and cheer on your team or whatever team you are betting on that day.
Prepaid Card Sportsbook Deposit Limits
Each online sportsbook is different, and as such, they may allow different brands of gift cards, varying depositing limits, and contrasting fees. Comparing each of those categories is an excellent way to choose the right online sportsbook for prepaid gift card users.
Sportsbook | Accepted Brands | Minimum Deposit | Maximum Deposit | Fee |
---|---|---|---|---|
Bovada | American Express, Discover, Mastercard, Visa | $20.00 | $1,500.00 | 15.90% |
BetOnline | American Express, Mastercard, Visa | $25.00 | $5,000.00 | 9.75% |
MyBookie | American Express, Mastercard, Visa | $45.00 | $2,500.00 | 4.90% |
SportsBetting | American Express, Discover, Mastercard, Visa | $50.00 | $2,500.00 | 9.75% |
Xbet | American Express, Mastercard, Visa | $45.00 | $2,500.00 | 4.90% |
Prepaid Cards That Allow International Sportsbook Transactions
- Bluebird – America Express
- Serve – American Express
- NetSpend – American Express/VISA
- Brinks – Mastercard
- PayPal Prepaid – Mastercard
Sportsbook Payout Options After Depositing With A Prepaid Gift Card
Because prepaid cards cannot be used for withdrawals, online sportsbooks that offer the method have other secure payout options readily available. While most online books offer checks by mail and bank transfers, cryptocurrency is the most profitable payout method because there are no fees attached to any transactions. The limits and fees for all of the online sportsbook’s withdrawal methods at Bovada can be found below:
Bovada Withdrawal Limits
Payout Method: | Fees: | Min Payout: | Max Payout: |
---|---|---|---|
Crypto | None | $10 | $9,500 |
Bank Transfer | Free every 90 days then $100 | $1,500 | $9,500 |
Check By Courier | Free every 90 days then $100 | $100 | $3,000 |
Prepaid Cards Vs. Credit Cards Vs. Crypto
Cryptocurrency is heralded by many as the next evolution in the sportsbook payment ecosystem, but prepaid cards have a lot of pros to them, even in comparison to cryptocurrency. We think it’s best to put prepaid cards in the context of what they can do compared to both crypto and traditional credit cards.
Prepaid Cards: | Credit Cards: | Crypto: | |
---|---|---|---|
Usable at online sportsbooks? | Yes | Yes | Yes |
Usable at state-regulated books? | Yes | Yes | Only in Wyoming |
Do you get bonuses? | Match up to 50% | Match up to 50% | Match up to 100% |
Can you withdraw? | No | No | Yes |
How long to deposit? | Up to 72 hours | Up to 72 hours | Instant |
What fees are applied? | 5%-10% | 5%-10% | No Fees |
Prepaid Card Sportsbook Bonuses
- Bovada – $250 Welcome Bonus – This prepaid card sportsbook bonus offers a 25% deposit match and a 5x rollover for all new players of the book.
- BetOnline – $1,000 Welcome Bonus – Through a 50% prepaid card deposit match, BetOnline offers all new players up to $1,000 with prepaid card deposits that has a 10x rollover.
- MyBookie – $1,000 New Player Bonus – With a $50 minimum prepaid card deposit, new MyBookie players can receive up to a $1,000 bonus that has a rollover requirement of 10x.
- SportsBetting – $250 Reload Bonus – For all players that have already deposited into the book, SportsBetting offers a 25% deposit match up to $250 with a 6x rollover and no limit for redemption.
- Xbet – Reload Bonus – This bonus has no limit for the max betting credit through prepaid card deposits and is through a 25% deposit with a 6x rollover and no max for bonus acceptance.
Best Sportsbooks That Accept Gift Cards
The top-rated prepaid gift card-accepting online sportsbooks in the industry offers competitive odds, multiple accepted brands, and large bonuses. Reviewing how each of those sportsbooks has separated themseleves is often a smart method to use when choosing which online sportsbook is the best option for you.
The strongest combination of transactional methods, odds, and bonuses, Bovada has offered prepaid gift card users their services since 2011. Their free initial deposit and withdrawal is a strong tool that bettors take advantage of, especially when using prepaid gift cards that can come with high fees on the way in and out.