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Venmo
Our review on venmo has found that it’s easily one of the quickest payment services in the industry right now which makes it ideal for online sports betting that needs to be done right before a matchday. Check out the rest of our review to see how you can set up your account today!
About Venmo - What makes it a good choice
It is a tough task to narrow down what makes Venmo such a great payment method to just a select few points. With that said, we can highlight why we think this payment method is such a great choice for your betting account deposits.
The standout feature of Venmo is undoubtedly its speed in completing transactions especially when it is a peer-to-peer transaction. Venmo is becoming the go to option in the US as it has exploded in popularity. As more and more people use this slick payment service, the more it seems to fine tune its performance and features.
How to start betting with Venmo?
Everything You Need To Know In 5 Easy Steps!
Register, create a Venmo account and add some money.
Log in to your sports betting account and register the payment method
Go to the cashier/payments page and select Venmo
Enter the total amount of funds that you wish to deposit and click on the deposit button.
Confirm that the funds have been added to your balance at the sportsbook and continue betting.
How does Venmo work?
Venmo is an easy to understand payment method and once you get your bearings you’ll see exactly why this payment service has become such a phenomenon in the US and why you should be using Venmo betting sites.
All you really need to do is check out the sportsbooks that you want to use and make sure that their payment list includes Venmo as an option. You can always check out our reviews over at Oddspedia to cut out the research time as well. Essentially, Venmo functions as a virtual ledger or a middle man between Venmo sports betting sites and your bank account or debit card. It is a seamless way for you to transfer funds into your Venmo sports betting account without so much as a hiccup with the transaction.
All you need to do is download the venmo app and link it to your bank account but we’ll touch on the app more in the next section of our review.
Venmo App
Venmo has created a beautifully streamlined app that is not only functional but a joy to use. Depositing funds with your Venmo app into Venmo sports betting sites is a breeze. The app itself can be downloaded through the Google Play Store or the Apple App Store.
All you need to do is type in Venmo in the respective search bars and you should have no problem finding the app.
The Venmo app omits nothing as you can do absolutely everything on there to fund your betting account. All you need to do is find one of the best betting sites that accept Venmo. From there, your betting endeavours become so much easier.
Costs and Fees
Venmo is the go to payment service for speed and ease of use but they also receive high praise for their nominal fees. You won’t have to pay a penny, nickel or dime for sending money from your Venmo account into your betting account. You also won’t be charged a cent on any of your withdrawals.
There are one or two fees to keep in mind that are related to different payment methods linked to your Venmo account. If you send money to someone using your credit card through Venmo then you will be charged 3% on the transaction. If you use the speedy cash a check feature through Venmo you will be charged 5%. Aside from that, there are little to no other fees when using this exceptional payment method.
How to use Venmo for betting
Using your account for online sports betting Venmo is a simple process. Once you have downloaded the Venmo app and get your account all set up, you simply need to link your Venmo account to your betting account. Of course, you do need to find one of the suitable Venmo betting sites first.
After that, linking your Venmo account to your betting account is as easy as following a few basic steps on the sportsbook site. This is usually information like your banking details and personal information.
It shouldn’t take you longer than 10 minutes at most to have it all setup. And lastly, you’ll simply need to select Venmo from the list of payment methods on one of the Venmo betting sites, enter the amount you would like to deposit and you are A for away to start your sports betting journey.
Opening a Venmo Account
If you are interested in getting a Venmo account set up so that you can get started with one of the best Venmo sports betting sites right away, you’ll need to know how to set your account up. Creating your Venmo account is really straightforward as all you need to do is head to their website. From there, you’ll give them some personal information like your name, surname and email address.
The most arduous part of the process comes with the verification of your account and even that is really not all that bad. You need to provide Venmo with the last four digits of your social security number. In some cases if they can’t verify your identity off of this alone you may need to send them a copy of your I.D or driver’s license. It may take up to three business days for Venmo to complete the process of verifying your account but once they have you are then a fully fledged user of Venmo.
Depositing to Your Sportsbook Balance
Making a deposit into an account with one of the best Venmo sports betting sites is all too easy. The only thing you need to check is whether or not the sportsbook you are interested in using is one of the Venmo betting sites. Not all sportsbooks are created equal in this regard so you will certainly find some of them who don’t offer Venmo as an option.
Making a deposit into online sportsbooks with Venmo as a payment option shouldn’t cause you any problem at all. YAll you need to do is navigate to the cashier page on the sportsbook site. From there, select Venmo from the list of payment methods available on the site and then simply enter how much you would like to deposit into your sports betting account. And low and behold you have now made your first deposit into a sports betting account using Venmo as your provider. Easy peasy.
Withdrawing from Your Sportsbook Account
Now that you’ve got the Venmo deposits down, it's time to move on to the best part about any sportsbook, making your withdrawal. You are finally ready to withdraw your winnings and want to use Venmo to do it. Well, this is equally as easy as the process of making a deposit. Simply find Venmo listed under the payment methods section and enter the amount you would like to withdraw.
All in all, your withdrawal transaction shouldn’t take longer than 3 business days to clear in your Venmo account.
Can you use Venmo to bet in the USA?
You can. Venmo is strictly available only to US residents, so US sportsbooks are the only ones that accept this payment method. That said, not all sportsbooks in the US accept Venmo on their sites. You will need to find the best Venmo betting sites before you can get started with your speedy Venmo deposits.
As far as any restrictions go when using the best Venmo betting sites, you won’t run into too many. This is not a concrete rule though as you may find one or two sportsbooks that perhaps won’t offer Venmo as a payment method or if they do they may not allow you to claim their bonus if you make your first deposit using Venmo. The same can be seen for other payment methods like Skrill, Neteller and PayPal. When it comes to the best Venmo betting sites you shouldn’t find this to be a problem all too often though.
The best online betting sites that accept Venmo
It will really depend on what time of Venmo account you are using. If you are using a Venmo MasterCard account, then you will have access to just about every single US sportsbook there is. If you are using Venmo via PayPal then you may find that there are a couple of options unavailable to you.
With that being said, there are plenty of Venmo betting sites for you to choose from. Our personal favourites include Venmo betting sites like
All three of these options are exceptional sportsbooks that provide you with an easy to easy website, an exceptional range of betting markets and exciting casino games. You can’t go wrong with one of these Venmo sports betting sites.
Venmo betting bonuses
Are there any specific sportsbook bonuses that can only be claimed with Venmo as the payment method? No, not likely. However, this does not mean to say that Venmo is still not the best option to claim betting bonuses with the best Venmo betting sites. As we mentioned earlier, if you are using Venmo through MasterCard you will have access to just about every sportsbook and subsequent sportsbook bonus out there right now.
Conclusion: Finding good sportsbooks that accept Venmo
That brings us to the end of our review of the best Venmo betting sites. The reason we like Venmo so much here at Oddspedia is because it is not only crazy fast when it comes to making deposits but it is really easy to set up your account. If you want to get going on the best Venmo betting sites it will genuinely take you no time at all.
If you are looking for a payment service that is accepted by just about every US sportsbook then Venmo is absolutely the choice for you. We could not recommend this payment more highly as we feel it has done more than enough to earn our high praise.
Venmo betting - Frequently asked questions
We decided to put together a list of our most frequently asked questions that we have received about Venmo. We want to send you on your way with a few more morsels of useful knowledge about the payment service.
Are there fees associated with using Venmo at online betting sites?
There are a couple of variables when answering this question. Firstly, as we mentioned earlier, you may run into some fees if you are using a Venmo account with your credit card. A 3% fee will be incurred on each transaction. You will also need to pay 5% if you use the cash a check feature. These are most of the fees you will have from Venmo’s side. As far as Venmo betting sites go you will need to check if they charge their own separate fees on transactions.
Can you deposit using Venmo if you don’t have a Venmo account?
No, you will need to get your Venmo account set up first if you want to start making deposits into Venmo betting sites. That is just how it works but as we mentioned earlier, your account setup process won’t take you long at all so you can make a sportsbook Venmo deposit in no time.
Is Venmo a safe way to deposit at betting sites?
Venmo has grown into one of the most popular payment methods in the US and as such has developed a strong reputation. They use the latest encryption software to protect data like your banking details so you don’t need to worry about the safety of using Venmo.
