Top Venmo Betting Sites

Here is a list of sports betting sites that accept Venmo.

Why Use Venmo at Betting Sites

Venmo provides secure and convenient e-wallets for US sports bettors, with instant, fee-free deposits from bank accounts. Its peer-to-peer transfers are perfect for splitting bets with friends. With 256-bit encryption, two-factor authentication, and PIN or biometric login, your data stays safe. Venmo transactions are accessible through intuitive mobile apps on iOS and Android devices or through web browsers.

Key Features About Venmo

Aspect	Details
Security	High: 256-bit encryption, 2FA, PIN/biometrics, FDIC pass-through insurance for balances. Regulated by FinCEN (US), complies with AML/KYC. Licensed as a money transmitter in US states. Owned by PayPal.
Currencies	USD only (US-specific)
Deposit processing time	Instant for most merchants; 1-3 days (bank-funded)
Withdrawal processing time	Instant to Venmo balance; 1-3 days to bank; betting sites may add 1-5 days
Mobile app	Fully compatible via iOS/Android apps; limited web functionality
Availability	Available in 1 country (United States); not available in other countries (e.g., Canada, United Kingdom, Australia)
Reputation	Widely recognized for user-friendly interface and social features; known in betting due to ease of use and integration with select sites

Bonuses for Venmo Users at Betting Sites

Most Venmo betting sites provide bonuses, but some exclude this payment method from certain promotions. So, contact your sportsbook’s customer support before you deposit with Venmo.

Welcome Bonus

A welcome bonus rewards new customers for signing up and making their first deposit. It gives them extra funds or bets to start with. FanDuel offers a “Bet $5, Get $250 in Bonus Bets” promotion for new users. Bonus bets expire in 7 days.

Regular Bonuses

Regular bonuses are ongoing promotions for existing users, such as reload bonuses or cashback offers. BetMGM provides a 20% match on your deposit amount, up to $1,600. Deposit at least $10 using Venmo and meet the 10x wagering requirement to qualify for a reward. Bonus funds and any winnings will expire if the wagering requirement is not met within 30 days.

Free Bets

A free bet allows users to place a bet without using their own money; if it wins, they keep the winnings but not the stake. BetRivers offers an insurance promotion for sports betting. You should place a parlay or proposition bet on select events, such as the World Cup, NBA, NFL, or NHL. If it loses, you will get up to $25 back as a bonus bet (odds must be -200 or longer).

VIP and Loyalty Programs

VIP and loyalty programs provide frequent bettors with points or tier-based benefits, like cashback and exclusive promotions. Caesars Sportsbook offers credits for Venmo deposits in its seven-tier loyalty program. You can redeem credits for bonus bets, hotel perks, dining, or VIP experiences.

How Our Team Rates Venmo Betting Sites

Our experts have tested Venmo, a popular payment method, on various online sportsbooks to help you choose the best one. We evaluate factors, such as security, transaction speed, bonus availability, and betting variety to make sure you bet without stress.

Payment Availability, Security & Legitimacy

Our team recommends Venmo sports betting sites that use secure technologies, like encryption, to protect your card details. We also check for licenses from trusted authorities like the UK Gambling Commission. The presence of these licenses means that the Venmo sportsbooks are fair and protect your funds.

Cashout Speed, Limitations

Venmo processes winnings quickly, with instant payouts to your Venmo account or 1-3 days to your bank. Processing times for withdrawals can vary by sportsbook, adding 1-5 days. We check each site’s payout times. Verified users have a weekly withdrawal limit of up to $19,999, though Venmo sports betting sites may set limits between $10 and $5,000.

Bonuses & Promotions

Using Venmo can provide you additional benefits, like welcome bonuses or free bets. For example, sportsbooks like FanDuel often offer a bonus bet for signing up and depositing with Venmo. Review the terms and conditions to confirm Venmo deposits qualify for promotions.

Betting Options Variety

We make sure the Venmo betting sites offer a variety of sports and markets. Using Venmo won’t restrict your access to betting markets or options. You can still bet on popular sports, such as football and basketball, or explore esports.

How to Deposit with Venmo at Betting Sites

Venmo deposits are a simple and safe process for bettors. Follow these easy steps to quickly add funds to your betting account with Venmo.

1. Log In to Your Betting Account

   Sign in to the betting site that accepts Venmo.

2. Visit the Cashier or Deposit Page

   Find the area to add money.

3. Select Venmo as Your Deposit Method

   Pick Venmo from the banking options. This payment method discloses some transaction details publicly. So adjust your privacy settings in the Venmo account if you prefer confidentiality.

4. Enter the Deposit Amount

   Type the amount you want to fund. Make sure you have sufficient funds in your Venmo account.

5. Confirm the Payment

   Use a PIN or two-step verification, then sign in to your bank account to confirm the payment.

How to Withdraw with Venmo at Betting Sites

With Venmo, you can easily cash out your winnings from the betting account. Follow these steps to get your money using Venmo.

1. Log In to Your Betting Account

   Sign in to your account to access the payout options.

2. Go to the Withdrawal Page

   Head to the “Withdrawal” or “Cashier” section in your account.

3. Choose Venmo as Your Withdrawal Method

   Select Venmo from the list of available banking options.

4. Enter the Withdrawal Amount

   Decide how much to take out. Verified accounts can withdraw between $10 and $19,999 per week, and unverified accounts are limited to $999.

5. Confirm and Wait for Your Funds

   Enter your PIN or use two-factor authentication to confirm the payout to your Venmo account.

Venmo Fees and Limits for Betting Sites

Our team has assessed fees and limits for betting sites that accept Venmo. This payment method doesn’t charge fees for standard bank transfers. But it does apply a 1.9% + $0.10 fee for credit card transactions and a 1% fee (up to $10) for instant transfers. Withdrawal limits range from $1-$10 minimum to $19,999 weekly for verified users, processed in 1-3 days. Venmo betting sites may add fees or restrictions, so check their terms before funding your account.

Transaction Time	Instant for Venmo accounts; 1-3 days (bank-funded)
e-Transfer	Not applicable
Fees	Free: P2P, bank transfers, most merchant payments.  1.9% + $0.10: Card payments.  1% instant transfer: Max $10 (bank).  Betting: Site-specific (often free)
Betting Site Fees	Varies by site, often free
Minimum Deposit	$5-$10 (merchant-dependent)
Maximum Deposit	$4,000-$10,000 (verified accounts, site-specific)
Minimum Withdrawal	$1 (bank); $10 (site-dependent)
Maximum Withdrawal	$19,999/week (verified); $999 unverified
Limits	Unverified: $999/week (P2P).  Verified: $19,999/week;  Betting: $10-$5,000 (site caps)
Additional Notes	KYC required for higher limits: SSN, ID, address proof. Takes ~24-48 hours

How Venmo Compares to Other E-Wallets

Criteria	Venmo	Cash App	PayPal	Zelle	Apple Pay
Security	High: 256-bit encryption, 2FA, PIN/biometrics, FDIC pass-through insurance for balances.	High: Uses encryption, fraud detection, security locks, notifications, PCI-DSS Level 1 compliance, and supports two-factor authentication (2FA)	High: End-to-end encryption, 2FA, fraud monitoring, PCI DSS compliance, and Seller/Purchase Protection programs	high: Bank-level security, 2FA, but no purchase protection	High: Tokenization, Face ID/Touch ID, device-specific number, PCI DSS compliance, no card details shared.
Fees	Free: P2P, bank transfers, most merchant payments.1.9% + $0.10: Card payments.1% instant transfer: Max $10 (bank).Betting: Site-specific (often free).	Free: P2P, bank deposits. 3%: credit card payments. 0.5%–1.75% fee: instant withdrawals to debit card	Deposits: Free (bank/PayPal balance); 2.9% + $0.30 for cards.Withdrawals: Free (bank, same currency); $1.50 (check); 1% for instant transfers (max $10).	No fees	Consumer: Free (no transaction fees).Merchant: Standard card fees (~1-3%).FX: Card issuer rates (~1-3%)
Acceptance by Bookies	Mainly US sites	Used by some local bookies, often for informal or peer-to-peer betting	Widely accepted	Not as widely accepted	Increasing acceptance
Deposit Speed	Instant	Instant for Cash App-to-Cash App transfers. Bank deposits: 1–3 days	Instant	Instant	Instant
Withdrawal Speed	1-3 days (standard), instant for fee	1-3 days (standard), instant for fee	Up to 24 hours	Up to 3 days	May not support direct withdrawals
Additional Notes	US-only; social sharing may concern privacy	Requires note on every transaction, which may impact privacy; supports Bitcoin transactions (with fees)	May not be included in bonuses, strong security	US-only; no credit card support; Bank-imposed limits vary	Highly secure, but withdrawal support may be lacking

Alternative Payment Methods to Venmo

If your chosen betting site doesn’t support Venmo withdrawals, explore other payment options that fit your requirements.

Payment Method	Type	Deposit	Withdrawal	Deposit Time	Withdrawal Time	Minimum Deposit	Possible Fees
PayPal	Digital Wallet	Yes	Yes	Instant	Up to 24 hours	$5-$10	Up to 4.4%
Cash App	Digital Wallet	Yes	Yes	Instant	1-3 days	$10	1.5% for quick cashout
Zelle	Peer-to-Peer Payment	Yes	No	Instant	N/A	$10	No fees
Apple Pay	Digital Wallet	Yes	No	Instant	N/A	$5-10	No fees
Credit/Debit Cards	Card Payment	Yes	Yes	Instant	3-5 days	$10	Varies by card issuer

Conclusion

Venmo offers a convenient option for US online sportsbooks, with peer-to-peer transfers that simplify splitting bets. Plus, the absence of deposit fees with Venmo attracts cost-conscious bettors. Our team recommends Venmo at sportsbooks like FanDuel, where it efficiently delivers quick and secure deposits. Sign up at one of our suggested betting sites and use Venmo for easy transactions.

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