Ohio sports betting / Banking Options

Banking Options

Sports betting in Ohio is now easier because nearly every licensed online betting site offers a variety of banking options. As a result, players have a lot of flexibility regarding how they make a deposit and collect a withdrawal from their bookies. On this page, we’re going to discuss banking options for Ohio sports betting.

Best sports betting banking options in Ohio 2022

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General info on online banking while betting on sports online

online-bank-transaction

There are a lot of sports fans living in Ohio, and many of them want to place bets on their favorite teams. If you think the Cleveland Browns are going to win the Super Bowl, you will need a sportsbook to wager on that. When you join a sports betting site in Ohio, one of the first things you will need to do is make a deposit.

If you’re not sure which banking options you can use when betting online in Ohio, you’ve come to the right place. We’re going to cover all of the different banking methods that you’ll be able to use when you join an odds provider in Ohio.

Pros and Cons

Before you get into the different banking options, we should go over the pros and cons. Besides the part when you can receive a great betting bonus in Ohio.

ProsCons
Easy to setupBetting sites show up on banking statements
Safe and secure with all legal betting sitesSome banking options may charge a fee
Fast deposits, many of them are instantConvenience makes it easier to go over budget
Several optionsUnable to use credit cards for withdrawals

Best deposit options while sports betting in Ohio

online-bank

If you like sports betting, you’ll be happy to know that Ohio sports betting sites offer a range of options for sports betting deposits. All of these options are safe and, best of all, fast. When you choose any of the following banking options to make a deposit, you’ll be able to start placing wagers right away. Keep reading to learn about banking options and sports betting.

The most popular banking options

PayPal

PayPal is an e-wallet that is accepted by many online retailers. It is one of the easiest payment options, and it’s also incredibly fast. Ohio bettors prefer PayPal because there usually aren’t any extra fees associated with using this e-wallet, and all deposits are instant. Want to learn more about PayPal betting? Visit our Ohio PayPal betting guide.

Skrill

Skrill is another e-wallet that is widely used with online betting sites. This e-wallet allows instant transactions, but some customers are not impressed by the fees for making deposits and collecting withdrawals. They charge a percentage of the deposit and $5.50 per withdrawal. Find out more about this banking method in our Ohio skrill betting guide..

PaySafeCard

PaySafeCard is similar to a reloadable gift card. You can purchase one of these gift cards at a retail store and use the 16-digit code to make deposits online. If you do not want to attach your bank account or credit card to your sportsbook, this is a great banking option to think about. Learn more about Ohio PaySafeCard betting in our guide to it.

Play+ prepaid

Play+ prepaid is also similar to a prepaid gift card. The main difference between Play+ and PaySafeCard is that you can fund your Play+ online. Many people in Ohio like using Play+ because all deposits are instant, and they usually are not charged additional fees. Find out more about Play+ prepaid betting in our guide to the payment method.

ACH (VIP Preferred)

ACH is an automatic check clearinghouse that works by clearing checks in batches instead of individually. This banking option is very similar to transferring the money directly from your bank account to the sportsbooks. It’s fast and very convenient. Find out more about this banking method in our Ohio ACH betting guide.

Credit card/ debit card (Visa, Mastercard, AMEX, Discover)

One of the fastest and easiest ways to make a deposit to an Ohio betting operator is by using a credit card or debit card. However, most Ohio sports betting apps are not set up to allow you to use these banking options to collect your winnings. Guides to the Individual credit/debit cards:

  • Ohio Visa card betting guide
  • Mastercard betting Ohio guide
  • Guide to American Express betting in OH
  • Ohio Discover card betting guide

Paynearme

Paynearme allows you to make a deposit or collect a withdrawal at a participating location using cash. This is a great option for people who prefer making purchases using cash only. Learn more about this banking option in our Paynearme Ohio sports betting guide.

Neteller

Neteller is another easy way to make money transfers online. You can use your Neteller account for making sports betting deposits with mobile and sports betting withdrawals. Read our guide to Neteller betting in Ohio for more information.

Trustly and paywithmybank

Trustly is an easy-to-use service that’s becoming more popular among bettors in Ohio. This service allows you to safely make deposits straight from your bank account. In our OH Trustly betting guide, you’ll be able to learn more.

Best fast withdrawals for sports betting in Ohio

payouts-money

Want to know which banking option is the fastest for collecting withdrawals? The fastest withdrawal methods are Play+ prepaid, Paysafecard, and PayPal. With most operators, prepaid cards will be nearly instant.

PayPal will depend on how quickly the sportsbook processes payment. It’s common to receive a PayPal payment much faster than they advertise. For example, many members have seen their payments come in within 24 hours.

Most of these options can be used for casino gambling as well.

Banking options FAQs

question
Is it safe to use a credit card for sports betting in Ohio?

As long as you are betting on a legal online betting site, it is safe to use your credit card. There will be a security software setup to ensure all your information remains safe and secure.

Do I have to use the same banking option for a withdrawal as I did for a deposit?

This will depend on the sportsbook’s rules and regulations. For example, most Ohio sportsbooks will allow you to use a separate withdrawal method. However, there may be rules around certain payment options preventing a withdrawal.

Is there a minimum deposit for sports betting in Ohio?

It is common for sportsbooks to have a deposit limit. The price will depend on the sportsbook’s rules, but it usually ranges between $10 and $20.

Which sports betting withdrawal method takes the longest to receive in Ohio?

Many sportsbooks will allow you to request a physical check for your winnings. This will be printed and sent by mail, which could take around 2 weeks to receive.

When should I request a sportsbook withdrawal for betting in Ohio?

If you want your winnings quicker, it’s recommended to request them during the weekday. This is because most withdrawals are processed during weekdays. Requesting them on weekends or holidays could delay the payment.