Ever found yourself with a gift card and wondered if you could use it to fund your sports betting account? Well, you’re in luck. Depositing at online sportsbooks with gift cards is not just possible, it’s also a smart move for those who prioritize security and convenience. Let’s break down how you can get into the game with just a few simple steps.
How to Make a Deposit
First things first, you should ensure that your gift card is the right fit. Visa prepaid cards boast the highest acceptance rates among online sportsbooks. But before you rush off to the nearest retailer, take a moment to confirm that your chosen sportsbook accepts the brand of your card. A quick visit to their website or a friendly chat with customer support can save you the hassle of a declined deposit. For this reason, avoid American Express prepaid cards, as most sportsbooks don’t accept them.
Now, log into your sportsbook account and head over to the ‘Cashier’ section. Select ‘Deposit’ and choose ‘Gift Card’ or ‘Credit Card’ as your preferred deposit method, depending on the sportsbook’s options. Enter the details of your card—the card number, expiration date, and CVV code—just like you would with a regular credit card transaction. Decide on the deposit amount, keeping in mind any potential activation fees or minimum and maximum deposit limits. It is best to deposit the entire amount available on the gift card unless you have an immediate use for it in case you lose it.
Hit that deposit button and watch as your funds swiftly move from your gift card to your sportsbook balance. It’s fast, it’s secure, and best of all, it keeps your bank or credit information out of the picture. Now you are all set to place your bets.
Gift Cards Are Not Available for Withdrawals
It’s important to note that while gift cards are great for deposits, they’re not in the running for withdrawals. You will need to explore other payout options offered by your sportsbook, such as bank transfers, PayPal, the Play+ card, or checks by mail. So, while gift cards get you into the game, make sure you have a game plan for when it’s time to collect your winnings.
Benefits of Using a Gift Card Over a Credit Card
There are some benefits to using a gift card over a credit card when wagering at a sports betting site. Using a credit card often comes with a cash advance fee. That is not the case when using a credit card to buy a gift card. Websites sell gift cards, so you do not need to leave the house to buy them. If you buy one at the store, a traditional credit card is accepted as payment. This avoids the cash advance fee.
Another benefit is the ability to earn store and credit card points when buying gift cards. For example, some grocery and drug stores award more points when buying gift cards than merchandise. Some credit cards offer double or triple points at these types of businesses. Discover often has these establishments as part of the quarterly five percent promotional deals. This is a great way to receive perks like gas discounts and cashback.
Using a gift card at an online sportsbook protects your personal banking information. While betting sites are as secure as any online merchant, it is understandable that bettors want more layers of protection.
Depositing with gift cards is a straightforward process that offers privacy and ease. Just remember to choose the right card, confirm its acceptance with your sportsbook, and be aware of the one-way street when it comes to withdrawals. Now that you’re equipped with this knowledge, go ahead and place your bets with confidence and control.