Prepaid Cards Betting Guide: How to Make Deposits and Withdrawals
Sports betting sites that accept prepaid cards have different banking policies, so you should always read them carefully. While all prepaid cards can be used for deposits, some, such as paysafecard, can't be used for withdrawals. Typically, sites won't impose fees on transactions, but the payment method may apply some.
When checking the methods, we were impressed with their safety, which can rival PayPal sites. The Federal Deposit Insurance Corporation insures funds deposited to Play+. Meanwhile, Paysafe partners with Strive Gaming[4], to make its services more accessible to all sites. Remember to provide accurate information when registering an account.
How to Make Prepaid Card Deposits
Depositing at betting apps that accept prepaid cards varies per method. After creating your account, you must go to the cashier and find your preferred option. If you want to use Play+, you must register for the casino's Play+ program by providing additional information. Then, you will have to load funds onto your card and can then deposit them into your account.
With paysafecard, you only need to buy the card at a retail store and can then deposit by following the casino's instructions. Deposit times are instant, and while deposit limits vary, they usually have a minimum of $10. Here is the process at an online sportsbook that takes prepaid cards:
- Purchase a paysafecard/register for a play+ account
- Add funds to your play+ card
- Go to the sportsbook cashier
- Choose your preferred method
- Input your preferred amount
- Provide any additional details, such as the voucher code
- Click "Deposit" and your funds will be transferred instantly
Depositing with prepaid cards is easy; you don't need to follow complicated instructions. However, the process varies depending on the specific method used. That is why you should always follow the instructions. Additionally, you should ensure your account is verified.
Meanwhile, paysafecard only requires you to buy a voucher and input a 16-digit code. Some sites also allow you to deposit multiple vouchers simultaneously. If you have a myPaysafe account, you can load the funds there and deposit them to your sportsbook account. They'll be immediately available, so you can start playing.
How to Cash Out Your Winnings with Prepaid Cards
Typically, you won't be able to withdraw to paysafecard, and any funds will be withdrawn through an alternative, such as online banking. However, Play+ can be used for withdrawals at any casino that supports it. You won't need to input additional account information; you just need to select the preferred amount.
That is why you should always check the site's banking policies and follow the instructions carefully when withdrawing. Most sites will require you to withdraw using the same method you deposited, so you should also check for alternatives. Here is how you can cash out your winnings at an online sports betting site that takes prepaid cards:
- Go to the cashier
- Choose your preferred prepaid card option
- Enter your preferred amount up to the maximum limit
- Click "Continue" to proceed
- Track the progress of your withdrawal
- Claim your winnings
When withdrawing, especially if it's larger sums, the casino may ask you to provide verification as part of its safety measures. As such, you should always ensure your information is accurate to avoid any delays. Each payment method has different withdrawal limits, with sportsbook prepaid credit cards typically having wide ones.
You should also note that each method has its own withdrawal times. After a sportsbook completes its internal processing, which is separate, the payment method will begin processing your funds. Typically, prepaid cards can take up to 48 hours max, but they are usually completed instantly. Most sites will also have a tracker so you can see if there are any delays.