\n To conclude the process, click \u2018Place Bet(s)\u2019 \u2014 or the button that reads something along those lines, depending on the Venmo betting site you\u2019re using.<\/p><\/div><\/li><\/ol>\n\n
How To Withdraw on Sports Betting Sites That Use Venmo<\/h2>\n \n\n
\n Let\u2019s hope you\u2019ve got yourself in a position to withdraw having rinsed the bookmakers! Venmo withdrawals are easy and stress-free \u2014 here\u2019s the process you\u2019ll need to go through:<\/p>\n\n
\n By making a deposit with a Venmo betting site, you would\u2019ve already linked your Venmo account to the platform in question.<\/p><\/div><\/li>
\n With your account linked, the process is swift. You\u2019ll merely need to confirm how much you wish to withdraw into your Venmo account.<\/p><\/div><\/li>
\n Click the \u2018Withdraw\u2019 button.<\/p><\/div><\/li>
\n Expect to see your funds in your Venmo account within 24-72 hours of your withdrawal request.<\/p><\/div><\/li><\/ol>\n\n
Pros & Cons of Using Venmo for Betting<\/h2>\n \n\n
\n It\u2019s important to weight up all the benefits and drawbacks before opting for a particular payment method. Here\u2019s what you should consider before you use Venmo for sports betting:<\/p>\n\n
\n
\n
\n
\n
\n Pros:\n <\/div>\n
\n - Easy to link Venmo account<\/strong> \u2014 Linking your Venmo account to your betting account is a quick and easy process which merely involves identity verification.<\/li>\n
- Swift transactions <\/strong>\u2014 Once your Venmo account has been set up (and is an available payment option on a betting site), deposits are processed instantly. Withdrawals typically take no more than 48 hours and can be instant in some cases.<\/li>\n
- Strict security <\/strong>\u2014 Although Venmo can be a fairly public payment service, there are tools in place to ensure transactions can be processed privately and securely. Your Venmo card is not connected to your personal bank account, meaning you\u2019ll never need to provide bank details when using Venmo to deposit\/withdraw funds.<\/li>\n
- Absent from bank statement <\/strong>\u2014 <\/strong>As your Venmo card\/account isn\u2019t connected to your bank account, any gambling transactions will never appear on your bank statement.<\/li>\n <\/ul>\n <\/div>\n
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\n Cons:\n <\/div>\n
\n - Social aspect <\/strong>\u2014 Venmo\u2019s social feed displays what their users have sent money for and to whom. Some might not want this information displayed publicly or even revealed to friends. However, there are settings on Venmo which can ensure your transactions aren\u2019t made public.<\/li>\n
- Fees <\/strong>\u2014 There are fees involved when using Venmo, but none are related to sports betting. So, you won\u2019t be charged by sportsbooks or Venmo when depositing and withdrawing funds with a bookmaker.<\/li>\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
Venmo Alternative Betting Options<\/h2>\n \n\n
\n As previously noted, while Venmo is a payment option offered by some of the US\u2019 premier sportsbooks, it\u2019s certainly not yet a popular method for sports bettors. Below are some of the alternatives at your disposal when depositing\/withdrawing funds:<\/p>\n\n
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Debit Cards<\/p>\n <\/div>\n
\n The overwhelming majority of sportsbooks will accept Mastercard and Visa debit cards as a valid payment option. It\u2019s perhaps the fastest and most convenient method around given the absence of transaction fees and the ease at which you can link your debit card to a betting account. Payments are typically processed swiftly, and most bonuses offered by bookmakers list debit cards as an eligible payment option.<\/p><\/div>\n <\/div>\n <\/div>\n\n\n
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Credit CardS<\/p>\n <\/div>\n
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