Venmo Gambling Deposit Guide For 2024
Venmo may not be the most popular P2P payment app in America, but with 65 million members and counting, it’s certainly a big player in the financial space. And that means it’s a big player in the online gambling banking space, too. Several different Venmo gambling deposit methods are available to help get your online real-money casino, sportsbook, and poker activities off the ground quickly and securely.
That said, Venmo betting methods do come with several caveats, and they’re still not as valuable – or reliable – as alternative banking options like Bitcoin betting and other crypto gambling deposits and withdrawals. Still, not everyone is into cryptocurrency, and compared to deposit methods like checks and bank wires, Venmo gives you mo of what you want ven you want it!
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Best Online Venmo Gambling Sites For December, 2024
Because Venmo can’t fund your online betting account directly through the app, it can only be used at legit gambling sites that support vouchers or MatchPay. But even though there aren’t too many such sites in 2024, that doesn’t mean the pickings are slim. Because they’re not. Not by a long shot!
Fortunately, betting vouchers and MatchPay transfers are both accepted by the highest-rated online casinos, sportsbooks, and poker rooms. We’ve been playing with these sites for years, and we’ve never had a problem making deposits or receiving payouts, Venmo or otherwise. And you won’t, either.
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Bovada Sportsbook 4.7
Bovada Casino 4.6
Cafe Casino 4.5
Slots LV Casino 4.4
Bovada Poker 4.4
Best Online Venmo Casinos For 2024
While it would be amazingly convenient if respected online casinos could accept Venmo directly, that’s simply not possible. Remember, the top Internet casinos all operate from outside US borders, and Venmo cannot be used for P2P international transactions.
Of course, if you’re a Venmo user and are in the market for real-money online casino games, online live casino games, and similar amusements, Venmo is a legitimate – if somewhat limited – deposit method when using the Venmo Visa card.
You can also use Venmo’s P2P mobile payment service to make deposits and claim online casino payouts at sites that allow for private casino voucher transactions or MatchPay transfers. If you insist on using Venmo, the casino site(s) you choose will be based on how you wish to employ the service.
Bovada Casino 4.6
Cafe Casino 4.5
Slots LV Casino 4.4
Best Online Venmo Sports Betting Sites For 2024
Sports betting deposits – more than those for any other market – require fast transfers. When bettors need to top up their accounts to bet on tonight’s big game, they can’t afford to wait on more old-school methods.
When you use the Venmo credit card, you can score instant transfers and start betting immediately. However, the UIGEA may cause such transactions to be declined. Thus, it’s recommended that you use sportsbook vouchers or MatchPay with Venmo as your sports gambling method of choice.
All sites here support Visa, vouchers, and/or MatchPay, which means you can be ready to wager on thousands of daily odds, live in-game lines, and even make your own custom sports betting props ASAP. Get off the bench and get in the game with Venmo sports betting!
Bovada Sportsbook 4.7
Best Online Venmo Poker Sites For 2024
Online poker is the most social gambling game, which makes the social Venmo app a good way to go all in. As with casino and sports betting, though, Venmo Visa can be hit or miss as a result of UIGEA regulations.
But the best Venmo poker sites have an ace up their sleeve, as many of these venues support online poker vouchers and/or the MatchPay service, too. With these P2P poker deposit methods, you can ante up in a hurry and play cash games, online Sit-N-Go poker events, and even buy your seat in any number of high-dollar online poker tournaments.
The best sites also support multitabling, and many venues even have dedicated downloadable poker software for Windows and Mac computers so you can really feel those virtual felts.
Bovada Poker 4.4
Venmo Gambling Bonuses for December, 2024, Transaction Fees & Voucher And Matchpay Compatibility
Extra Gambling Bonuses When Using Venmo
One of the negatives about using Venmo for online gambling is that you’ll only be able to receive your betting site’s standard bonus offers. Remember, the only deposit methods that allow for enhanced bonuses are Bitcoin and various crypto altcoins. If you use any other method – including Venmo credit, voucher, or MatchPay options – you’ll be limited to the basic online gambling promos at your site of choice.
These typically include new member sign-up bonuses, account reload bonuses for existing players, online casino bonuses for daily and weekly specials, event-specific sports promos (i.e. Super Bowl promos, March Madness bonuses, etc.), and refer-a-friend bonuses.
It’s also important to remember that all online gambling bonuses and promotions are market-specific. If you primarily play online casino games, you’ll need to take casino bonuses. Similarly, sports bettors should opt for online sportsbook bonuses, while poker players should activate their online poker bonus offers.
Casino and sports betting free play bonuses all come with rollover requirements to be aware of, although these are all fair and easy to meet at the sites we recommend. Meanwhile, poker promos have no playthrough requirements and are disbursed incrementally as free cash according to the number of cash table and tournament hands you play.
Venmo Transaction Fees And Speeds
Whenever – and however – you use Venmo to bet online, you need to keep the service’s fees and speeds in mind. For Venmo credit deposit methods, fees are 3%, with zero added surcharges for international transactions. Similarly, if you use Venmo credit to make voucher or MatchPay transfers, you’ll have to pay the same 3% fee.
Venmo bank transfers, Venmo debit transfers, and Venmo balance transfers – when used via the brand’s P2P option for voucher or MatchPay deposits and payouts – come with no added fees, as these are private person-to-person transactions. Your online gambling site of choice also charges no added fees for voucher/MatchPay deposits or withdrawals.
As far as speed goes, Venmo credit deposits are instantaneous. However, if you use Venmo with vouchers or MatchPay, speed is variable. Both deposits and withdrawals can be same-day, but this is wholly dependent on member demand at your betting site.
As such, Venmo payouts can be had the same day you request them about 70% of the time for vouchers and 90% of the time for MatchPay. If you want guaranteed same-day payouts every time, only cryptocurrency gambling methods offer this convenience to players.
How To Make Venmo Gambling Deposits
The way you use Venmo as an online gambling banking method depends on the site you choose and the manner in which you’d like to deposit. If you’re using the Venmo Visa credit card, you can make deposits just as you would when using any other Visa card.
However, this isn’t always the most reliable option, as the UIGEA will disrupt such transfers around 10% of the time. Instead, vouchers and/or MatchPay methods are recommended.
To use Venmo with online gambling vouchers or the third-party MatchPay service, the processes are as follows.
How To Use Venmo To Make Voucher Deposits
- Follow any link here to a legal offshore gambling site that supports player-to-player betting vouchers and click or tap the “Sign Up” or “Join” button.
- Enter in all required personal information using your real name, email address, etc.
- Select the “Voucher” deposit option.
- Head over to your site’s community forum or official message board and find an online gambling voucher code for sale. Make sure the ad specifies that the voucher seller accepts Venmo payments.
- Contact the seller through your gambling site and arrange to Venmo the funds to the seller in exchange for their voucher code.
- Once you receive the code, return to your site’s cashier page and enter the code into the appropriate field. You can also choose an optional online betting bonus at this time.
- The voucher will be credited to your account balance immediately with no added fees.
How To Use Venmo With Matchpay
- Sign up with any gambling site featured here by following the links on this page, and click/tap the “Join” or “Sign Up” option.
- Enter in your personal credentials using real, verifiable data.
- Choose the MatchPay option from the site’s deposit methods menu.
- In the popup, follow the instructions to enroll in the free MatchPay service. This allows you to be a MatchPay Trader.
- Link your Venmo account to your MatchPay account.
- Back at your gambling site cashier page, enter in the amount of money you wish to deposit using the MatchPay service.
- Choose an optional gambling bonus and submit the form.
- MatchPay automatically links you with other MatchPay Traders looking to sell their account balances, and once a seller is found, the transaction concludes automatically with no added fees.
Note: MatchPay is currently exclusively supported by Bovada Casino, Sportsbook & Poker Room.
How To Claim Venmo Gambling Payouts
Unlike Venmo deposits, you can’t use a Venmo-linked credit card to request online gambling payouts, as no major sites support card chargebacks due to the UIGEA law.
However, you can request Venmo payouts via vouchers and MatchPay at participating sites. These withdrawal methods work as explained in the following tabs below:
Using Venmo To Claim Voucher Payouts
- Head over to your site’s cashier page and select the voucher payout option from the betting withdrawal menu. You can withdraw any amount of eligible funds this way, up to your site’s maximum voucher payout limit.
- Your gambling site will send you a voucher code to your email on file.
- With this voucher code, visit your site’s community page or member forum and post your voucher code for sale. Be sure to specify that you accept Venmo P2P transfers.
- When a buyer contacts you, finalize the terms of the sale. Your buyer should send you the required payment via a private P2P Venmo transaction.
- Whenever you receive payment through Venmo, release the voucher code to your buyer by any agreed-upon means (site chat, email, messenger service, etc.). Be sure to do this ASAP, as all the best sites monitor voucher sales to ensure full buyer and seller compliance.
Using Venmo To Cashout Winnings With Matchpay
- Make sure you’ve signed up with MatchPay and are a verified MatchPay Trader (which can be done directly through your participating online gambling site).
- Select MatchPay from your site’s withdrawal menu.
- Enter in the amount of your eligible account balance you wish to withdraw and submit the form. MatchPay does the rest, and when a buyer is found, the transaction will go through automatically.
What Is Venmo?
Venmo is a mobile payment platform that launched in 2009 and was purchased by PayPal in 2013. At the outset, Venmo combined the person-to-person or peer-to-peer (aka P2P) payment concept by glitzing it up with various social network features. The idea was that Venmo users could keep their friends apprised of their online purchases and transactions in fun, bite-sized ways.
While that aspect has been dialed back substantially since Venmo’s release (due to FTC privacy and security concerns), it’s still a bit more “fun” to use than many competing products (such as PayPal, Cash App, Zelle, etc.). As such, there are now 65 million Venmo users in the United States, which is currently the only country in which the platform operates.
As a decent option for funding your online gambling account, Venmo has limited utility and can only be effectively used at those reputable sites that support betting voucher and MatchPay options, though credit card deposits are possible in a pinch.
If you’re a Venmo user, you can make Venmo betting deposits online in a variety of ways. However, due to the federal UIGEA banking regulation and general rejection rates (approximately 10%), credit card Venmo options are not recommended.
As an online gambling deposit method, Venmo is primarily useful at those sites that support casino vouchers, sports betting vouchers, and poker vouchers. Alternatively, if you’re a Bovada member, you can use Venmo with the MatchPay deposit and payout option.
Venmo Credit Cards
The Venmo Visa card is now available, and this can be used for international purchases. Thus, it can be used as an offshore gambling deposit method. However, as with all Visa gambling methods, the UIGEA rejection rate is about 10% on such transactions. You can also link any credit card to your Venmo account, from which you can make P2P instant pay transactions at sites supporting gambling vouchers and the MatchPay platform (see below).
Venmo Debit Cards
The branded Venmo Mastercard debit card can only be used to make domestic USA purchases. As such, it cannot be used for online gambling at international sites. However, you can link any debit card to your Venmo account, which you can then use to facilitate P2P-based voucher and MatchPay transfers at participating online casinos, sportsbooks, and poker rooms (see below).
Venmo Gambling Vouchers
Gambling vouchers allow betting site members to buy and sell account balances among one another using any common P2P app, including Venmo. These are considered private domestic transactions, and as such, they come with no added fees in most cases (unless you’re using a linked credit card, in which case Venmo cash advance fees apply). Voucher and MatchPay transfers have a 100% success rate and are not impeded by the UIGEA.
Venmo MatchPay Transfers
MatchPay is a third-party service currently available only at Bovada, and this streamlines the voucher process. You can use Venmo and other popular P2P instant payment apps (i.e. PayPal, Cash App, Zelle) with MatchPay, and there are no added fees of any kind provided you don’t use a Venmo-linked credit card. MatchPay transfers work 100% of the time for online bet funding.
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Disclaimer: Venmo is not associated with nor do they endorse our website or any of the online gambling resource or real-money online gambling site/service we featured on this page. We have provided information about how to use Venmo at the gambling sites we recommend not as an implied endorsement from Venmo but rather for informational purposes only.