Ohio Online Betting Sites

Banking at Ohio online betting sites

Because money is integral to sports betting, you need to have options that are both familiar and secure. Major sports betting operators like to have a variety of choices for you in case one does not work out, and they display these so you can easily determine your banking options.

There are several ways to transfer funds in and out of your Ohio online betting account, and even some ways you can use cash to keep your bank account completely separate.

Credit and/or debit cards

You can use a credit or debit card to fund your betting account in the same way that you would use it to buy something online. First, fill out the card information and the amount of your deposit and submit the transaction.

This is the most comfortable for many bettors because it is already familiar, but card transactions have some of the highest failure rates of a banking method. Many banks automatically block gaming transactions with no way to limit this restriction, and credit cards tend to rack up fees as deposits are considered cash advances.

You can try these out, but know that any of the other methods work just as safely and securely.

Bank transfers

Transferring money through an ACH payment or a bank payment method can serve as a buffer if needed, but they also help keep your banking information safe and secure. The ACH provider (usually VIP Preferred for sports betting) or bank payment provider will act as a buffer between operators and sensitive account information.

Both of these methods work instantly, but you put in different information with each one.

ACH transfers involve filling out your account number and any other information relevant to locating your bank account. This is because bank payment methods require you to log in to your bank account, and they are usually only compatible with larger banks.

E-wallets

You may not be familiar with the term “e-wallet” but you have likely heard of PayPal, Skrill, or Neteller before. These keep your banking information in one place, much like their name suggests.

E-wallets are another way to keep your bank-specific information safe, but you can also use the e-wallet as a place to store funds. This is great for anyone working with multiple Ohio online betting sites or anyone who wants to keep their betting funds and winnings separate from their regular bank account.

Many bookies will require you to make a deposit with an e-wallet before you can use this method to withdraw funds, so keep that in mind when making initial deposits.

Prepaid cards

When it comes to prepaid cards, you have a few options, including prepaid gift cards and betting-specific prepaid options.

The typical prepaid cards that you can purchase at the store come with various fees, and many of the issuers do not allow sports betting transactions. A better option here is to load your account using a closed-loop PaySafeCard (if it is compatible with your betting site) or look into an operator-specific Play+ card.

Most large Ohio online betting sites have a Play+ option that is branded to work with them. These cards function as prepaid debit cards, so you can fund them using your bank account or your sports betting account. You can also get a physical card to carry with you can use at ATMs or retailers that accept Discover.

PayNearMe

PayNearMe is a way to fund your account using cash that is most commonly offered by bookies.

If your sports betting site offers this as a banking method, it will have you initiate the transaction on the cashiering page of the bookie. Once you submit the transaction, the Ohio online betting site gives you a payslip to take to a PayNearMe location. These are usually convenience stores or pharmacies, but you should verify there is one near you first.

The employee will use the information from the payslip and your cash to fund your betting account. It can take up to an hour for funds to show, but processing is not usually any longer than this.

Using cash at Ohio online betting sites

If there is a retail location for sports betting in Ohio near you, then you should also be able to fund using cash there.

Instead of starting the transaction on your sports betting site, you take any account information to the teller. They use the information and the cash you provide to directly fund your account.

You can also use this option to withdraw cash from your sports betting account, and it can be the fastest way to receive your funds.