Venmo Sportsbook

4/8/2022

Need a book that uses Venmo, PayPal, etc Subscribe Subscribe Unsubscribe +1. Sportsbook Reviews Sports Betting News Podcasts Responsible Gaming. Experts Free Picks Our Experts. So you have registered at DraftKings and have checked out the assortment of games. You are now ready to take the plunge and make a deposit and join the exciting and fun world of real money daily fantasy sports contests, all 100% legal in 45 states. Venmo is a digital wallet that makes money easier for everyone from students to small businesses. More than 60 million people use the Venmo app for fast, safe, social payments. Fast, safe, social payments. Join more than 60 million people who use the Venmo app. Right now I get paid through venmo, and it's great. I don't care so much about the length of time to cash out as I know some books take 2-3 weeks for checks but I just don't want documentation/taxes. A more detailed explanation of how to access and use a Venmo balance can be found here. Funding sources. When setting up your Venmo account, one of the first things you do is decide how you want to pay people, also known as setting your funding source. In Venmo, you can pay people from any of the following.

Online Sportsbook Venmo Deposit
Venmo Sportsbook
Venmo Sportsbook Sign In

If you live in the United States, you can legally bet on sports online.

And best of all, you can do so whether or not your state has actually legalized domestic online sports betting!

While there are two exceptions (the states of Connecticut and Washington have laws against all forms of online gambling, though these are historically unenforced), residents in 48 of 50 states can lawfully bet real money on sports over the Internet.

The only caveat is that if there are no local options, they must use legal online sports betting sites that operate outside of US jurisdiction and hold legitimate licenses in their own home countries.

Nevertheless, there is usually one particular roadblock that prevents many USA gamblers from signing up with these operators, and that’s the online sports betting banking methods they support.

Due to the UIGEA gambling law that disallows domestic American banks from knowingly processing payments to and from non-US-regulated gambling outlets, credit and debit card deposits are sometimes declined.

While a declined payment does not mean you’ve committed any crime or that your card has been flagged or disabled, it’s an inconvenience that no sports bettor wants to face – especially when the day’s game kicks off in a few minutes and you need your account funded ASAP.

Many bettors think that an easy way to get their bankrolls topped off in a hurry would be to use P2P money transfer services like PayPal, Venmo, Cash App, and Zelle Pay.

However, in part due to the UIGEA and other restrictions, these companies do not allow such international transactions.

In the case of Venmo and Zelle Pay, these service are USA-only, which means there’s no way to use either to send or receive money to or from your offshore betting site of choice.

In the case of PayPal and Cash App, the former can be used for international transfers that are not gambling related, while the latter – though available in many countries – can only be used by parties physically inside those individual countries. International Cash App transfers are not allowed.

As these services are by far the most popular vehicles for person-to-person transactions, and since tens of millions of Americans use these services every day, international betting sites open to USA gamblers are at a decided disadvantage in not being able to process such payments.

However, that is no longer a problem!

At Bovada, the most popular online betting site in the United States, there is a brand-new deposit option that allows bettors to use PayPal, Venmo, Cash App, and Zelle to make rapid sportsbook deposits.

So, how is this possible, given the international limitations outlined above?

Because Bovada – as is their wont as an industry leader – now supports the new MatchPay betting deposit service, which makes it possible for US-based online gambling enthusiasts to finally deposit with the aforementioned P2P services.

What is MatchPay?

MatchPay is a third-party money transfer service that works in a unique and ingenious way.

Essentially, MatchPay allows members at online retailers and merchants to sell their account balances – in part or in full – to other members at those same Internet storefronts.

While businesses must choose to participate in MatchPay’s program, the following is how MatchPay works for those that do. And since Bovada is the first online gambling site to support the platform, we’ll use Bovada MatchPay for our example below.

How MatchPay Works

Let’s say you want to sign up at Bovada but your credit or debit card has been declined, and you don’t want to make a Bitcoin gambling deposit because you’re not into the whole cryptocurrency scene.

However, you do have a PayPal account, and you’d prefer to make a PayPal betting deposit to fund your online wagers.

Normally, you’d be out of luck. SOL, even.

But with MatchPay, you can now use PayPal to transfer money to another Bovada member who has elected to put a portion of their account balance up on the MatchPay Trader service.

Once this player receives your PayPal payment (or other supported P2P payment) – which is overseen and guaranteed by both Bovada and MatchPay – your account will then be credited with the amount you’ve sent.

In short, MatchPay allows Bovada players to make easy account transfers using the world’s most popular payment platforms.

How To Deposit With MatchPay

While this is covered in detail at our MatchPay page linked above, the basics for how to deposit with MatchPay are simple to understand.

First off, of course, you will need an account at Bovada, as Bovada Sportsbook is the only legal online betting site that currently offers support for the platform.

Once you’re a member at Bovada, simply log in, go to the deposit section of your account portal, and select the MatchPay option. (Alternatively, new members can select this deposit method during the sign-up process itself.)

There, you’ll be asked to enter your MatchPay Trader ID, and you’ll be able to use the site’s plug-in to sign up for MatchPay if haven’t already. The service is free, and joining takes about two minutes.

Then, simply enter the amount of money you’d like to add to your account via the MatchPay service.

Next, MatchPay automatically pairs you with a Bovada member who is also a MatchPay Trader, to whom you can send the requisite funds by using any of the following P2P services:

PayPal
Venmo
Cash App
Zelle Pay

Once your funds clear and the Bovada member receives your money, Bovada will transfer the appropriate account balance from their sportsbook account to your sportsbook account, and you’ll be ready to wager.

The entire process to deposit with MatchPay takes 10-15 minutes, and these deposits come with the standard sportsbook bonuses and membership perks you expect.

Ultimately, MatchPay is a true gamechanger in a market where those are few and far between. Kind of like Patrick Mahomes.

And though we still think that crypto deposits (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, etc.) are the way to go long-term, there are potentially millions of sports betting fans out there who will benefit from MatchPay allowing them to make PayPal sportsbook deposits, Venmo sportsbook deposits, Cash App sportsbook deposits, and Zelle sportsbook deposits.

Further, because MatchPay opens the door to a whole new class of clientele that wasn’t able to deposit and bet before, it’s only a matter of time before the entire industry adopts MatchPay or similar services for their customers.

If you ever wanted to bet on sports with PayPal or another popular P2P instant-pay app, now you finally can!

Update: MatchPay has been removed from the Bovada banking options. It is unclear if this is temporary or permanent, and this page will be updated accordingly when more is known. However, if you wish to make immediate deposits and benefit from same-day payouts, you can still use Bitcoin, Bitcoin Cash, other cryptos (Ethereum, Litecoin, Dash), Bovada Vouchers, Zelle-To-BTC, and QB Direct for Litecoin deposits (at sportsbooks that support the service).

Legitimate United States online sportsbooks operating internationally have long been the best option for American players, but they have one glaring flaw when it comes to sports betting banking: They don’t accept PayPal*, Venmo, Cash App, or Zelle Pay directly. MatchPay, however, changes that.

Now, MatchPay sportsbooks for USA players allow bettors to purchase all or part of the eligible account balances of other players using the above popular payment methods. Conversely, MatchPay lets sports bettors sell their balances, allowing them to claim fee-free same-day payouts, which was until now limited only to Bitcoin sports betting deposits and other crypto options.

Bovada MatchPay is the first integration of the MatchPay third-party platform, but we expect all of the top USA online sportsbooks to follow suit in the near future, as being able to make PayPal sports betting deposits – as well as Venmo sports betting deposits, Cash App betting deposits, and Zelle transfers – means that US players now have many more quick, easy, guaranteed options for getting their accounts funded so they can bet on their favorite players, teams, and sports immediately.

*In late 2020, PayPal announced Bitcoin and other cryptocurrency support. Now that you can buy BTC with PayPal, you may soon be able to make direct PayPal Bitcoin deposits to all the top online sportsbooks operating internationally. Currently, however, outgoing BTC transactions are blocked by PayPal, so sports bettors should wait for this policy to change before using PP to buy BTC or other cryptos.

Best US Online Sportsbooks
Accepting MatchPay Deposits

Site Name	Current Bonus	U.S.	Visit Site
1	50% Max $250	Review

What Is MatchPay?

MatchPay is a new service that allows members at retail and merchant sites to transfer their account balances to other members at those same outlets. While each merchant must sign on to accept MatchPay’s services, once they do, customers can buy other members’ balances (or portions thereof) using a variety of popular person-to-person – or P2P – services, including the following:

PayPal
Venmo
Cash App
Zelle

Bovada Sportsbook is the first reputable USA sports betting site to support MatchPay, which they do right in the deposit section of their Cashier page. In this context, MatchPay is a gamechanger, as it allows new and existing US sportsbook members to top off their bankrolls using the aforesaid P2P services.

Remember, because US-friendly sportsbooks like Bovada are not allowed to directly accept PayPal, Venmo, Cash App, or Zelle transfers, millions of potential customers who use these services every day have not been able to use them for online sports bet funding.

MatchPay changes the game, so now every MatchPay sportsbook is effectively a PayPal sportsbook, Venmo sportsbook, Cash App sportsbook, or sports betting site that accepts the US-only Zelle Pay instant-pay service.

In short, when it comes to online sports betting for USA players, MatchPay allows for a multitude of new deposit and withdrawal options. To learn the specifics of how to bet on sports with MatchPay, we outline the procedure in the section below.

How Does MatchPay Work At USA Sportsbooks?

In order to use MatchPay to fund your United States betting account, you must be both a member at an online sportsbook that supports the service (i.e. Bovada), and you must sign up for a free MatchPay Trader account.

The books that offer MatchPay deposit options have a plug-in to the MatchPay service where you can enroll if you’re not already an account holder with the third-party platform, making that process easy.

Once you’re a MatchPay Trader, you can buy other sportsbook members’ account balances or sell your own to fellow online gamblers.

MatchPay Sports Betting Deposits

To make a MatchPay sportsbook deposit, the procedure is outlined below. Assuming you have neither an online betting account nor a MatchPay account, here’s how the process works (using Bovada as the example, though we expect all the fastest-paying USA sports betting sites to employ the same general process):

Online Sportsbook Venmo Deposit

Follow any link here to Bovada or another USA MatchPay sportsbook, and become a member by clicking or tapping the “Sign Up” or “Join” button (usually in the top right corner of the screen).
Enter your real name, phone number, address, and other requested data. You must use your actual information for account creation, as all the best USA sportsbooks require you to prove your identity in order to withdraw your winnings. Please do not use a VPN service when signing up or gambling at any USA-friendly online sportsbook.
After creating your account, you will be shown your deposit options. Select MatchPay from the menu. If you aren’t already a MatchPay member (you can also join MatchPay at MatchPay.app), you’ll get a pop-up allowing you to create your MatchPay Trader account. This will require a working phone number and a real email address for account verification.
Once you’re a MatchPay Trader, you will be redirected back to your sports betting site. Here, enter your MatchPay ID and the amount of money you wish to deposit into your account.
MatchPay will automatically find a fellow sports betting site member who has earmarked their money for the MatchPay service. Once you are paired with this member, you can choose to transfer your deposit to them via services like PayPal, Venmo, Cash App, or Zelle.
Once you’ve transferred your money, it will be immediately credited to your sports betting account. Both MatchPay and your sportsbook act as overseers of this process, guaranteeing that your account is funded rapidly and in full. As with the Zelle-to-Bitcoin deposit process, there is no way for a MatchPay Trader to abscond with your funds.

That’s the basic system, and all sportsbooks that support MatchPay will employ a similar setup. Again, MatchPay is the only way to make PayPal, Venmo, Cash App, or Zelle Pay deposits at legal offshore betting sites, and until these P2P payment services change their gambling policies, MatchPay will be the only way to do this.

MatchPay Sports Betting Same-Day Payouts

In addition to making PayPal deposits and other P2P deposits with MatchPay at sites like Bovada, members who sign up as MatchPay traders can also get same-day payouts. Up until now, Bitcoin and other cryptos have been the only banking method to allow for same-day payouts from overseas USA sports betting sites.

Now, however, any member that uses MatchPay can earmark a portion of their eligible-to-withdraw balance to transfer to other MatchPay Traders’ account balances. This effectively allows sellers to claim same-day payouts via PayPal, Venmo, Cash App, and Zelle.

While the MatchPay process uses automated pairing, you may not always get same-day payouts going this route, but you usually will, and the transactions have no added fees and conclude in just minutes. Best of all, unlike Bitcoin sports betting payouts or other crypto withdrawals, that money comes to you in USD, ready to spend stateside without any conversions or exchanges.

MatchPay Sportsbook Pros

Make PayPal online sports betting deposits
Make Venmo online sports betting deposits
Make Cash App online sports betting deposits
Make Zelle online sports betting deposits
Fast transfers – Transactions complete in under 10 minutes
No fees – Keep more of your bankroll when depositing or withdrawing
Valuable sports betting bonuses for new deposits + account reloads
100% Guaranteed – MatchPay and your sportsbook site both manage the transfer process for safety and reliability
Same-day payouts in USD via popular P2P money transfer services

MatchPay Sportsbook Cons

Currently limited to Bovada Sportsbook
Requires signing up for the third-party MatchPay service – Another account to manage
Does not support Visa sports betting deposits, Mastercard sports betting deposits, or American Express sports betting deposits
Does not support international gift cards or credEcardplus sports betting deposits
Does not allow members to deposit with cryptocurrency like the QuickBit QB Direct service used by some US sportsbooks

MatchPay Sports Betting Bonuses For US Players

MatchPay USA sportsbook bonuses can be claimed when new or returning members use the service to fund their betting accounts. However, because MatchPay is effectively an account-to-account transfer platform, players will only be eligible for the standard deposit and reload bonuses on offer.

If you want the absolute best bonuses, then cryptocurrency deposits (i.e. BTC deposits, Ethereum deposits, Litecoin deposits, DASH deposits, etc.) are best. That said, the tradeoff is that MatchPay allows bettors to use the most convenient and popular USA P2P payment methods, so PayPal gambling deposits and other app transfers are finally on the table!

MatchPay Mobile Sportsbook Banking

Like the top US sports betting sites themselves, MatchPay is fully accessible by mobile, regardless of whether you’re using an iPhone, iPad, Android phone, or any other modern device. The service is web-based, but given the fact that it’s brand new, you can expect to find a dedicated MatchPay iPhone app and MatchPay Android app in due time.

Regardless, as long as you have a mobile device, an up-to-date web browser, and a live network connection via cellular Internet or Wi-Fi, you can use MatchPay and your favorite mobile sports betting sites all in one tidy package that fits right in your pocket or purse.

For betting on the go – and bet funding on the go – MatchPay is the perfect solution to use in conjunction with your PayPal app, Venmo app, Cash App account, or Zelle app.

MatchPay is an account-to-account transfer service that lets members of online retailers or services buy all or part of eligible account balances from other members using popular P2P payment methods like PayPal, Venmo, Cash App, and Zelle Pay.

Online United States sportsbooks are some of the first sites to embrace the new MatchPay option to help make deposits quick, simple, safe, and convenient.

MatchPay works by matching members of retail and merchant sites with one another so they can transfer account balances. This allows buyers to utilize more payment options than the merchant site may natively allow, as is the case with US online sportsbooks.

With sportsbooks operating overseas unable to directly accept PayPal, Venmo, etc., MatchPay opens up the option to use these funding methods in a roundabout but convenient and easy way.

Yes! If you live in the USA and are a member at a betting site that supports MatchPay, the service is totally legal to use. There are no USA gambling laws that prevent MatchPay from helping match you with private buyers and sellers of legal sports betting account balances.

Remember, MatchPay is simply a third-party service that lets members of sites buy and sell each other’s account balances via PayPal, Venmo, Cash App, and Zelle Pay. As long as you’re at least 18 years of age, have accounts with any of the above P2P payment platforms, and an account with a MatchPay sportsbook, you’re good to go!

Though MatchPay is a brand-new financial trading service, it is a legitimate platform that offers guaranteed transactions to make funding your online betting account with services like PayPal a reality. The best evidence of MatchPay’s legitimacy is that Bovada – America’s most popular and trusted sportsbook – has chosen to adopt the service.

Bovada is notoriously picky in the deposit and withdrawal methods it supports, putting user experience and reliability above all else. In short, Bovada’s done its homework with MatchPay, and since you can trust Bovada, you can trust MatchPay, too.

MatchPay, when used in conjunction with any reputable online service provider (i.e. a trusted USA betting site like Bovada), is very safe and secure. Account transfers are overseen by MatchPay and your sportsbook itself, and there are also guarantees built into the payment systems utilized (PayPal, Venmo, Cash App, Zelle).

When you make an online sports betting deposit with MatchPay, you can rest assured that your account will be credited with your full deposit amount within just a few minutes.

Yes. USA MatchPay sports betting deposits (and payouts) are guaranteed by your sportsbook, by MatchPay itself, and by the operational terms and conditions used by the P2P payment services (PayPal et al.) that MatchPay supports.

As of Q3 2020, only Bovada uses MatchPay. Of course, given that Bovada is the most popular United States sports betting site, this is hardly a limitation. Still, we expect other top-rated USA bookmakers to come online with MatchPay support sooner rather than later.

Yes. MatchPay memberships are totally free, and there are currently no added fees when using the service to fund your online sports betting account.

PayPal, Venmo, Cash App, and Zelle Pay could all theoretically charge small service fees, though because MatchPay lets members place private person-to-person transactions, these fees are generally not in play.

All sports betting sites have deposit limits for most banking methods, and MatchPay is no different. However, the limits currently in place at Bovada ($20 min., $1000 max.) are certainly good enough for the vast majority of players.