Venmo Sportsbook
Posted : admin On 3/31/2022A 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. To play at gambling websites or US sportsbooks that accept Venmo, you need to open an account. You can do this either online or by downloading the app to your Apple or Android device.
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):
- 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.
If you need a higher limit, we recommend using Bitcoin or another supported cryptocurrency instead of MatchPay.
As with deposit limits, MatchPay sports betting sites also have withdrawal limits. At Bovada, the MatchPay payout limits are currently set to a minimum of $20 and a maximum of $1000, with two MatchPay transactions being allowed per day.
Does Bovada Accept Venmo
One of the biggest challenges facing 18 and up casino and sports betting enthusiasts looking to play at legal international betting sites has always been getting actual money into their accounts.
While the best online casinos, poker rooms, and sportsbooks have long been in the vanguard when it comes to introducing new funding methods (they were the first large online businesses to promote and accept Bitcoin deposits, for example), not every method works for every player.
It’s a fact that cryptocurrency deposits are the best ways to fund your account, but there’s usually a learning curve for first-timers, and not all players are comfortable with the alternative currency concept.
For them, credit and debit deposits remain the standard, though these can occasionally be declined due to things like the UIGEA gambling law.
Sure, you won’t get in trouble if the UIGEA stops such a banking transaction, but the inconvenient delay could cause you to miss out on that mega-money slots tournament, online blackjack event, $100,000 poker tourney, or the big game of the week.
However, some all-in-one casino/poker/sportsbook sites are now accepting MatchPay betting transfers.
Bovada MatchPay – New Online Gambling Deposit Method
As usual, Bovada – America’s favorite betting site – is the first major operator to launch MatchPay support.
And though only Bovada supports MatchPay at the moment, it’s only a matter of time before the site’s popular 18 and up casino sister sites – Slots LV, Café Casino, and Ignition Casino – get with the program, as well.
Additionally, though many of the best online casinos and betting sites do not have MatchPay banking options as yet, if Bovada’s system works as well as expected, you can expect the vast majority of operators to employ it in the coming weeks and months.
Thus, in the near future, MatchPay person-to-person money transfers could become something of a standard at nearly all the top online casinos, 18+ poker rooms, and sportsbooks we recommend.
This kind of thing might seem like small potatoes, but it’s actually a very big deal.
Easier deposits mean more players, and more players mean bigger jackpots, better tournaments, and even more favorable betting odds. For individual players, a new deposit option can be the difference between cashing out and missing out.
Every time a legitimate 18 and up online casino accepts a new funding method, its customer base increases, and its members have another avenue by which to top off their accounts.
But MatchPay isn’t just one new deposit option. It’s actually four new deposit options.
Why?
Because MatchPay allows 18 and over gamblers to deposit with PayPal, Venmo, Cash App, and Zelle!
For US-based online gambling enthusiasts, this is a true revolution.
Offshore betting sites do not accept PayPal, Venmo, or Cash App at all, as there are restrictions preventing these services from being used by Americans to fund their overseas casino, sportsbook, and poker room accounts.
And though sites like Bovada, Café Casino, Ignition, and Slots LV all have Zelle-to-Bitcoin instructions allowing gamblers to quickly acquire Bitcoin, MatchPay’s Zelle implementation works differently and is arguably even better and faster.
What Is MatchPay?
MatchPay is a person-to-person (or P2P) financial transfer method that allows merchant account holders to sell parts of their balances to other members at those same merchants.
In the context of 18+ online betting operators, this means that any member of the gambling site can choose to sell his or her balance (or a portion thereof) to any other member.
Venmo Sportsbook App
Payment can be made in four ways:
- PayPal betting deposits
- Venmo betting deposits
- Cash App betting deposits
- Zelle betting deposits
Bovada is the first out of the gate supporting MatchPay, and our MatchPay deposits page (linked above) explains in detail how the process works. But in short, the platform functions as described below.
How Does MatchPay Work To Fund Online 18+ Gambling?
At Bovada (or any future site that supports MatchPay), simply select the MatchPay banking option on the site’s Cashier page or during your initial signup.
This will open another window, taking you to the MatchPay portal, where you will need to register for free to become a MatchPay Trader.
The process takes only a few minutes, and once you’re a member, you’ll be able to sell and buy Bovada account balances to and from fellow gamblers using the most popular peer-to-peer instant-pay systems on earth: PayPal, Venmo, Cash App, and Zelle.
While the Zelle-BTC method is supported universally, online gambling sites have been looking for ways to accept PayPal, Venmo, and Cash App for ages, as these platforms are used by tens of millions of people in the US alone.
With MatchPay, this is now possible, though in a slightly roundabout way, as you must go through a third-party service and purchase account balances from fellow betting enthusiasts.
However, given the international laws governing the P2P services MatchPay supports, international betting sites for 18-plus players are unlikely to ever be able to accept PayPal gambling deposits, Venmo gambling deposits, or Cash App gambling deposits directly.
In other words, Bovada MatchPay is as close as these brands will probably ever get to supporting these massively popular services.
As icing on the cake, when you use MatchPay at Bovada, you can also employ the banking system to get same-day payouts.
Until now, same-day withdrawals have only been possible using crypto deposits, and this is just another reason why MatchPay is a true gamechanger at all 18+ betting sites.
Game, set, and MatchPay!