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Prepaid card betting sites

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The growth of online betting has given some major companies in the United States the green light to start investing in the betting industry.

Today, the United States is filled with betting sites, which give you the freedom to deposit money using many of the deposit methods available. One of the most popular methods is Prepaid cards, and in this guide, we will go through which betting sites accept Prepaid cards in the US.

What is a prepaid card?

Prepaid cards work like conventional credit or debit cards, but before the user can make purchases, they must first load the card with funds. Banks and other financial institutions issue prepaid cards bearing the logos of major issuers such as MasterCard, VISA, and Maestro.

Account-holders are not subject to any debt or finance costs, they can only spend what they have in their account. There are no due dates or recurring balances to consider. Furthermore, there are no interest rates to consider while using a prepaid card because consumers are not borrowing money.

How to use a prepaid card on a betting site

The good news is that you can use your prepaid card on many online betting sites in the US. The process of depositing money is very straightforward, all you need to do is make sure that you have enough funds on your prepaid card, then follow the steps provided below:

  1. Find a betting site that accepts prepaid cards – The first thing that you need to do after funding your prepaid card is to find a betting site that accepts it. On the top of this page, you’ll find a variety of options to choose from.
  2. Sign up with your personal details – You will need to sign up with the online betting app using your personal information. This is very important because later you will be asked to verify your identity. If the information that you used when signing up doesn’t match that on your ID document, it will cause a few little problems.
  3. Go to the deposit section – The next thing you need to do after signing up with your personal information and having your account verified is to go to the deposit section. For some reason, you may not see this section in your betting account if you have not verified your account. But some betting sites will give you access to this section even though you have not submitted your ID papers.
  4. Choose your prepaid card as a payment method – When you’re in the section where you can deposit funds, choose the logo you see on your prepaid card (usually MasterCard, VISA, or Maestro) and go to the next step.
  5. Enter the deposit amount and card details – The next thing that you need to do is to enter the amount you want to deposit, then enter your prepaid card information to process the deposit. The majority of betting sites in the United States have a minimum deposit amount of $10.
  6. Confirm the transaction and start betting. The last step you need to take is to confirm the transaction, and in most cases the funds will instantly reflect in your betting account.

Is it possible to withdraw from a sportsbook to a prepaid card?

No, you cannot withdraw money to your prepaid card from a sportsbook. However, there are other methods that you can use to withdraw your funds. The most popular withdrawal methods in sports betting include PayPal, online banking, Neteller, or Skrill.

If you don’t have an account with any of these methods, create one, but if you already have, then choose the one that you already have an account with. However, we strongly recommend Skrill and Neteller. PayPal is great, but the fees are way too high.

Advantages and disadvantages of prepaid card betting sites

There is no doubt that every payment method comes with both advantages and disadvantages, and this is also the case with prepaid cards. However, you need to know that both the pros and cons play a major role when it comes to choosing payment methods to use at betting sites.

Advantages

  • Safe & secure.
  • Private.
  • Widely accepted.
  • It’s unlikely you will overspend.

Disadvantages

  • Can’t withdraw.
  • Capped spending to what’s on the card.

Different types of prepaid cards used in online sports betting

There are different types of prepaid cards used in online sports betting. With that being said, let’s take a deep look at the different types of prepaid cards:

  • Regular prepaid cards
  • Gift prepaid cards
  • Sportsbook prepaid cards
  • Payroll prepaid cards
  • Cashback prepaid cards

Best prepaid card alternatives when sports betting

If you don’t want to use a prepaid card when funding your online sportsbook account, or the site that you are using doesn’t accept it, there are plenty of alternatives. Read more about the best alternatives to prepaid cards when sports betting below:

FAQ

Why do bettors use prepaid cards on betting sites?

Bettors use prepaid cards on betting sites because they are secure, and they are issued by the world's biggest financial brands. Furthermore, they are easy to use, and they are not linked to your bank account. Therefore, the funds in your prepaid card have nothing to do with the funds in your bank account. The cards allow you to control the amount of money you want to spend.

Do I pay fees when using prepaid cards on betting sites?

Yes, in most cases you will pay fees when using prepaid cards on betting sites. Also, when withdrawing cash from an ATM using your prepaid card, you will pay fees. Every declined transaction that is done by your prepaid card also comes with fees.

Can I use any type of prepaid card on a betting site?

No, you can't use any type of prepaid card on a betting site. The majority of prepaid cards come with the logo of one of the following brands: Mastercard, Visa, or Maestro, so in order to use your prepaid card on a betting site, make sure the brand logo on your prepaid card is displayed on the betting site you want to use.