Venmo is one of the most widely used person-to-person, or P2P, instant-pay services in America. With over 60 million active Venmo users in the US, many online gamblers wish to use the platform to make deposits at the top-rated betting sites on the Internet. However, it is difficult to find prepaid gambling sites accepting Venmo, as no international operator can process Venmo transfers directly.
Fortunately, there are ways around this, and US-based online gamblers can use Venmo banking options for both deposits and withdrawals at several of the best gambling websites. To learn how you can use Venmo to top off your betting bankroll and collect your winnings quickly and easily, our brief guide tells you everything you need to know.
The Best Prepaid Online Gambling Sites For Venmo Deposits
The following operators are the most trusted prepaid online casinos, online sportsbooks, and online poker rooms in the business. Each one has been around for years, and you won’t find any better prepaid gambling sites anywhere on the Internet.
Best of all, each of these sites has mechanisms in place that allow you to use Venmo payments for both making deposits and claiming same-day payouts!
Casinos That Accept Venmo
|Site Name||Bonus||Rating||USA Friendly||Visit Site|
|$3,000 Bonus||Visit Site|
|$5,000 Bonus||Visit Site|
|$5,000 Bonus||Visit Site|
Sportsbooks That Accept Venmo
|Site Name||Bonus||Rating||USA Friendly||Visit Site|
|$250 Bonus||Visit Site|
Poker Sites That Accept Venmo
|Site Name||Bonus||Rating||USA Friendly||Visit Site|
|$500 Bonus||Visit Site|
What Is Venmo?
Venmo is a P2P (peer-to-peer) instant-pay platform that is a subsidiary of the popular PayPal service. Venmo allows users to send money to one another instantly, and over 60 million US residents use Venmo every day. Essentially, Venmo is a quick, convenient way to transfer funds to private individuals and businesses, and it works like digital cash.
It’s important to note that Venmo is rated for US transactions only, which means that both senders and recipients must be in the United States to use the service. This makes Venmo impossible to use to directly fund your online gambling activities with overseas operators, but many of the best sites have provided viable, legal workarounds (explained below).
Can You Use Venmo To Make Cryptocurrency Betting Deposits?
No. Venmo relies solely on fiat currencies, so even though these transfers are electronic, they are not cryptocurrency transactions.
If you wish to make online Bitcoin gambling deposits or fund your prepaid betting account with altcoins (Ethereum, Litecoin, Dash, ZRX, Bitcoin Cash, etc.), you won’t use Venmo to do so. And while some exchanges allow for Venmo crypto purchases, there are several hoops to jump through.
If you wish to use crypto betting options at the leading prepaid gambling sites, we recommend acquiring Bitcoin and supported altcoins via standard bank transfers or credit purchases at leading cryptocurrency exchanges. You can also use the Zelle-Bitcoin process to bypass the typically lengthy wait times associated with first-time crypto buys.
How Does Venmo Work For Prepaid Gambling Deposits?
How Venmo works is extremely simple. First, you’ll have to actually register a Venmo account (via computer or the popular mobile Venmo app). To learn more about how to set up a Venmo account, the company’s website will walk your through the process, as will your Venmo iPhone or Venmo Android app.
Next, you’ll have to figure out how to add funds to Venmo. Thankfully, this couldn’t be easier: You can load up your Venmo account using a prepaid Visa card, prepaid Mastercard, prepaid American Express card, any common universal gift card, and even typical credit/debit cards. You can also transfer money to your Venmo app directly from your bank account.
Once you have money in your Venmo account, actually going through the process of how to pay with Venmo is similarly straightforward. Simply enter the amount of money you wish to send, plug the recipient’s Venmo user ID or associated email address into the recipient field, and submit the form.
To use Venmo to make prepaid online gambling deposits and receive payouts, the process is pretty much the same, and we describe the required steps in the next sections.
The first way to use Venmo at international prepaid betting sites requires that the operator supports Player Transfers via their Cashier portals.
Because these gambling operators are based in other countries and can’t accept Venmo deposits directly, they use Player Transfers (aka Account Transfers) to allow US-based players to buy and sell portions of their account balances to other site members.
Because both parties are in the US – and because these are private transactions – Venmo can be used to facilitate such transactions. (You can also use services like PayPal, Cash App, Apple Pay, Google Pay, etc. using the same process.)
Your betting site of choice acts as a moderator for the sale if you go through the site’s official Community page to find your seller, which is what we recommend for maximum security, safety, and guaranteed success.
The second way to use Venmo to make prepaid gambling deposits and claim online betting withdrawals is to use the Voucher option at gaming sites that support them. Vouchers are effectively the same as Player Transfers, and the same general process applies.
While casino vouchers, sportsbook vouchers, and poker vouchers sometimes have different limits than Player Transfers, that’s really the only functional difference. To claim an online gambling voucher, we’ll use Bovada as an example (since Bovada Vouchers were the first to go live and have set the standard for other sites to implement similar systems in the future).
To buy a Bovada Voucher code, visit the Bovada Community message boards (or an offsite forum, like the Bovada Reddit page), find a seller, and purchase their voucher. You will receive the code in the email associated with your prepaid gambling account, and you can deposit it directly via the site Cashier page.
Vouchers usually have a six-month expiration date, so please deposit these as soon as you receive them.
Venmo Payouts At Prepaid Gambling Sites
To claim a Venmo payout, you must go through the Player Transfer or Gambling Voucher process. This is extremely simple, and it works this way for both methods:
- Make sure your account balance is eligible for withdrawals (i.e. you have met all rollover or playthrough bonus requirements).
- Request a Transfer or Voucher code from your site’s Cashier in the amount you wish to withdraw.
- Once you receive this code at the email address associated with your online gambling account, post an ad for it on your site’s Community page, an appropriate Reddit forum, etc.
- You will be contacted by a buyer, with whom you will negotiate the terms of the sale. If you wish to use Venmo to complete the sale, make this clear in your Transfer or Voucher ad.
- The buyer will send you money via Venmo, and you will send them your Transfer/Voucher code in return.
Once you have your money via the Venmo transfer, you can send it to your bank account, keep it in your Venmo app balance, or do anything else you please.
There are no added fees for Venmo betting withdrawals when claimed this way, and most of the time, you can collect your prepaid gambling payouts the same day you post your ad.
Aside from same-day Bitcoin payouts and other crypto payouts, Transfers and Vouchers are the best way to get your money ASAP.
Venmo Prepaid Gambling Bonuses
Venmo deposits – that is, deposits made via Player Transfers or Gambling Vouchers using the Venmo platform – come with the standard welcome bonuses and account reload bonuses offered by your prepaid betting sites of choice. These bonuses can boost your bankroll by 50-300%, depending on the type of promo you accept and the gambling market in question.
As a general rule, you should only accept bonuses that align with the type of gambling you wish to participate in. This is because online casino bonuses, online poker bonuses, and online sports betting bonuses are only applicable to their specific markets.
Also, most bonuses come with rollover or playthrough requirements, which means you can only withdraw payouts once those terms are met.
Because the top prepaid online gambling operators all set these limits at fair, attainable levels, we always recommend accepting online gambling promotions whenever they’re offered. And as always, these bonuses are completely optional.
Prepaid Gambling Pros For Venmo Deposits
- Venmo Accounts Are Ubiquitous – You probably already use Venmo for everyday transactions, and even if you don’t, signing up is free, easy, and takes just a few seconds.
- Venmo Works Across All Mobile Devices – You can download Venmo apps for your iPhone, iPad, Android device, and other tablets like Kindle Fires, Microsoft Surface computers, and even desktops and laptops. The top online prepaid gambling sites are 100% mobile compatible, and so is Venmo!
- Same-Day Deposits – When you buy a Transfer or Voucher code, the process takes just a few minutes, letting you play your favorite casino games, bet on your favorite players and teams, and play in the biggest online poker tournaments immediately.
- Same-Day Payouts – Voucher/Transfer payouts via Venmo and other P2P services are the only ways to claim same-day payouts from prepaid international betting sites (aside from using cryptocurrencies).
- No Transfer Fees – When you use Venmo to make gambling deposits or withdrawals, there are no added fees involved. Along with crypto, Transfers and Vouchers are the only fee-free online gambling banking methods.
- No Red Tape – Because your Venmo transactions are private individual deals, there is no way for financial regulations like the UIGEA to interrupt your transfers. Venmo via Transfer/Voucher is a very reliable bet funding option for legal online gambling.
- Available To All Users 18 And Up – You only have to be 18 years old to get a Venmo account, which is great because most of the sites that accept Player Transfers and Vouchers also set 18 as their minimum age to play.
Prepaid Gambling Cons For Venmo Deposits
- You Can’t Deposit Directly – Venmo deposits must be made by buying Player Transfers or Vouchers from other prepaid gambling site members, as offshore casinos, sportsbooks, and poker rooms cannot accept Venmo directly.
- You Must Trust Your Seller – When buying a Player Transfer or Gambling Voucher, you must trust your seller. This is why it’s recommended that you only purchase these from other members through your site’s dedicated community portal, where the site itself can act as moderator.
- No Refunds Or Chargebacks – Venmo transfers are basically cash transactions. Once you send your money voluntarily, you will not be able to issue a chargeback, claim a refund, or request a reversal. However, Venmo transactions are protected against fraud, so you are safe from bad actors in this respect (though filing claims and getting your money back can take days or weeks).
Types Of Prepaid Venmo Gambling Sites
Online Casinos Accepting Venmo
Many of the best prepaid online casinos support Player Transfers and Vouchers, which means you can use Venmo to deposit and claim payouts. There are hundreds of fair-play-certified games at these sites, from online slots and online blackjack to video poker, roulette, baccarat, bingo, and more.
Games are available 24/7, and you’ll get all the great sounds and animations you’d expect from the electronic table games at the best Vegas casinos, all in the palm of your hand!
Online Poker Sites Accepting Venmo
Poker remains the single most popular table game in the casino world, and online poker has taken the pastime to new heights. The best prepaid online poker rooms all have quick cash table options, multi-hand games, short Sit ‘N’ Go events, and major online poker tournaments with pots worth hundreds of thousands of dollars!
You can choose from no-limit and pot-limit games of the most timeless classics, like Texas Hold ‘Em, Omaha, and Omaha Hi-Lo, and tables are available to join 24/7.
Online Sports Betting Sites Accepting Venmo
Many of the best prepaid gambling sites operate robust international sportsbooks with thousands of daily odds and lines to choose from. And with live betting and mobile betting options on board, you can wager on your favorite players and teams from anywhere in the USA, even after the games start!
The top prepaid online sportsbooks feature every sport you can think of, and they even have odds for eSports betting, virtual sports betting, simulated sports betting, and more. Also, these books are the only places to find political odds and entertainment odds, so you’ll always have something interesting to bet on.
Venmo Gambling FAQs
Is Venmo safe?
Yes, it is. Venmo is one of the most established, most trusted P2P platforms in the US, and more than 60 million people use the app to send and receive money safely and securely every single day.
Why don’t prepaid gambling sites accept Venmo directly?
Venmo is restricted to US transactions only. Because the top prepaid betting sites are all located outside of the United States, you cannot use Venmo to send funds directly to these operators or receive Venmo payouts from them.
This is why the Player Transfer and Gambling Voucher system is employed.
How long does Venmo take to process prepaid gambling payments?
It takes just a few minutes to purchase a Transfer or Voucher code from a fellow site member, and once you have this code, deposits at your casino, sportsbook, or poker room of choice process immediately.
Is there a limit on Venmo transfers at online gambling sites?
Yes. Different sites have different deposit and withdrawal limits for Transfers and Vouchers, which are advertised on their Cashier pages. That said, these limits are more than adequate for all but the highest of high rollers.
How much money can you send on Venmo?
New Venmo users have a $300 weekly limit on Venmo transfers. However, once the service confirms your identity, that limit is raised to $5000 per week.
How much can you Venmo in a day?
When it comes to how much money you can transfer on Venmo in a given day, there are two sets of limits to be aware of: Venmo’s and your online prepaid betting site’s.
Venmo’s limit is weekly, not daily, so you could send your entire week’s allotment in a single day if you wanted to (see above).
Each prepaid betting operator has different limits on daily deposits and withdrawals, and these are specifically advertised on the sites themselves.
Does Venmo charge a fee?
How much Venmo charges for each transaction is dependent on how you go about it.
For debit cards, direct bank transfers, and Venmo balances, there are no fees.
If you use a credit card to make a Venmo transfer, you will be assessed a 3% service charge.
Do you need a bank account for Venmo?
No. You can use Venmo without linking a bank account to the service. Prepaid credit cards and debit cards are the best ways to do this.
Does Venmo accept prepaid cards?
That’s the biggest question here: Can you use prepaid cards on Venmo? Fortunately, the answer is yes!
The process for how to add a prepaid card to Venmo is the same as it is for any other card type: Simply open your Venmo app and add the prepaid card number and your billing information, and you’re good to go.
Can you use a credit card on Venmo?
Yes! However, please be aware that using a credit card through Venmo will incur a 3% service fee.
How do you pay someone on Venmo?
It couldn’t be easier to send money with Venmo. Just enter your recipient’s Venmo ID or Venmo-linked email address into the recipient field, choose the amount of money you wish to send, and submit the payment.
How long does Venmo take to send money to someone?
It takes a maximum of 30 minutes for your Venmo recipient to receive the funds you send, though processing times are usually much faster.
Can you cancel a Venmo payment?
No. Once you send or receive a Venmo payment, you cannot cancel it.
That said, if you’ve received a payment in error, you can simply return the money to the sender via Venmo.
On the other hand, if you’ve sent money to a seller and did not receive your item or service, you can contact Venmo customer service to initiate a chargeback via the service’s conflict resolution center.
Does Venmo work internationally?
No. Venmo is a US-only service.
What does Venmo mean?
Venmo was named from the Latin word “vendere” (to sell), coupled with the word “mobile,” due to its mobile smartphone and tablet implementation. “Vendere Mobile” thus became “Venmo.”
Who owns Venmo?
Venmo is owned by PayPal and was launched as a subsidiary of the company in 2009.
How do I delete my Venmo account?
Once logged into your Venmo account, select the “Profile” tab and navigate to the bottom of the list. There, you’ll find the “Cancel My Venmo Account” option.
You must do this from a desktop or laptop computer, as the current Venmo app does not feature this option.