Prepaid card betting sites
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:
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.
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:
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: