Wagering at Massachusetts licensed sports betting sites involves a variety of banking options. . In this article, we’ll guide you through the top deposit and withdrawal methods available at Massachusetts sports betting operators. But, first, we’ll briefly highlight how sports betting banking works.
Available Betting Sites in MA With Banking Options December 2023
Banking: All sites are 100% legal & licensed by the MGC.
|DraftKings Sportsbook Bet $5, get $150 in bonus bets||Bet now DraftKings MA review|
|Caesars Sportsbook Up to $1,250 bonus||Bet now Caesars Sportsbook MA|
|BetMGM Sportsbook Up to $1,000 in bonus bets||Bet now BetMGM MA review|
|WynnBET Sportsbook Bet $100, Get a $100 Bet Credit||Bet now WynnBET Sportsbook MA|
MA betting site’s banking options
We’ll go over the top betting sites in the state. Then, we’ll review the top nine banking methods, highlighting their pros and cons in detail. So keep reading to learn all you need to know to get started depositing and withdrawing at Massachusetts online sportsbooks.
Top Massachusetts sports betting banking options
In this section, we’ll explore the banking options available at the top legal sports betting sites in Massachusetts.
PayPal sports betting in MA is a secure money transfer service commonly used for both deposits and withdrawals at sports betting sites. You can fund a personal account (e-wallet) with a credit card, bank account, or money received.
Skrill is another secure e-wallet you can use to fund a betting account. You fill the e-wallet with funds from your credit card or bank account. It’s a fast method, but the fees are higher.
PaySafeCard is a secure way to use cash to pay online. Bettors like this method because of its anonymity. It works like a prepaid card and has a code or pin you use when depositing at online betting operators. Some sites even let you withdraw with this method.
Play+ is another type of prepaid card. It usually works instantly and works for deposits and withdrawals. You can quickly create a Play+ account online. Then, you will receive a physical card to make cash withdrawals of your winnings at ATMs.
ACH (VIP Preferred)
VIP Preferred is a type of e-check method. It’s tied to your bank account and routing information online. This is a fast and commonly accepted banking method. However, most players prefer ACH deposits and withdrawals.
Typically, the only credit and/or debit cards accepted at betting sites are Visa, MasterCard, AMEX, and Discover. You can’t really withdraw with a credit card, but it’s a reasonable way to deposit. However, most people don’t prefer this method because there can be fees, delays, and a lack of anonymity.
PayNearMe is a secure way to spend cash at online betting sites. The betting site will give you a PayNearMe code that you can take to a PayNearMe-accepting retailer to deposit cash. You can often go to 7-Eleven, CVS, and other stores to do this.
Neteller has a complicated history with US sports betting since it’s gone on and off the market. It’s an e-wallet similar to PayPal. Most sites won’t feature Neteller, so your best bet is usually PayPal.
You can make online deposits and withdrawals if you have an online bank account. All you have to do is log into your bank account via the betting site, and it will connect.
Best deposit and withdrawals – sports betting in MA
Best Massachusetts sports betting deposit options
Among the above-listed banking options, we find that e-wallets and online banking tend to be the most popular. The best deposit options will involve no fees, a low minimum, and a high maximum.
You also want a deposit option that processes instantly or relatively quickly. We recommend you stray away from debit/credit card deposits since they typically involve extra fees. Your best deposit options are going to be PayPal and VIP Preferred (e-check) in most cases.
Best sports betting withdrawals in MA
The banking methods with the fastest withdrawal times (processing or approval) include:
- PayPal (usually instant or faster than other methods)
- Prepaid cards such as Play+ or PaySafeCard
General info on online banking while betting on sports in MA
All you really need to know about online banking at sports betting sites is the basics – depositing and withdrawing. Depositing moves funds into your betting account so you can wager and use MA sports betting promo offers. Withdrawing, on the other hand, is when you cash out any winnings you’ve acquired from betting.
Each betting site offers multiple ways to deposit and withdraw, each with different fees, terms, and limitations associated. At top licensed sports betting providers, each banking option should be secure and safe to use. Let’s take a look at the top four in the list of sportsbooks in MA.
Massachusetts online sports betting sites and their banking options
- BetMGM – one of the top betting sites featuring promotions, professional sports, and a variety of banking options (including VIP Preferred e-check, Visa, MasterCard, PayNearMe, Discover, online banking transfer, PayWithMyBank, and BetMGM gift cards)
- DraftKings – exciting operator with a $1k sign-up offer, live wagering, and deposit/withdrawal methods (including online banking, credit/debit cards, e-gift cards, DraftKings gift cards, PayPal, Play+ prepaid cards, VIP Preferred e-check, and wire transfer)
- FanDuel – a site with generous promotions and multiple ways to bank (including PayPal, checks, prepaid cards, PayNearMe, and online banking)
- Caesars Sportsbook – top US betting operator featuring multiple banking options (including Visa, Discover, MasterCard, PayPal, ACH e-check, AMEX, Play+, online banking, and PayNearMe)
Pros and cons of MA sports betting banking methods
The biggest pros of Massachusetts betting banking methods include:
- There are lots of options at betting sites.
- You can use cash for several methods if you don’t want to use a bank account.
- There are several very fast methods.
The biggest cons of Massachusetts sports betting banking methods include:
- You can’t withdraw sports betting winnings with credit cards
- Credit/debit card deposits often have added fees and limits
- Some banking methods require you to deposit with them before withdrawing with them
FAQs about banking options
How old do you have to be to deposit or withdraw at Massachusetts sports betting sites?
The legal sports betting age in Massachusetts is a minimum of 21 years old.
Should I deposit with a credit card?
It’s not your best option, nor is it your most versatile option. For example, you can’t withdraw with credit cards, and you may accrue fees and/or interest on your credit card.
What is the safest banking method in MA?
E-wallets are one of the safest options. You don’t have to directly tie your credit card or bank information to the sports betting site.
Can you use multiple banking methods?
Yes, and in some cases, you may have to. For example, if you deposit with a credit card, you need to find an alternate withdrawal method.
Can I trust Massachusetts sports betting sites with my funds?
Yes, each Massachusetts betting site listed in this article is a secure and licensed online betting operator.