- Minimal personal information needed
- Accepted at most major sportsbooks
- It's like using cash
Money orders are one of the most common ways to make deposits in the sportsbetting world. They are simple and, most notably, safe. Like MoneyGram and cashier’s checks, money orders are a way of entering the the sportsbetting community without having to link up any bank account or credit card information.
The latter two payment methods aren’t considered all that unsafe in this day and age, so long as you know you are investing with a reputable sportsbook, but some are leery tying up actual numbers and payment information for fear of their financial well-being getting compromised.
Money orders are a great way around this. You aren’t going through any third parties or payment-method intermediaries. You are basically mailing in a check that can only be processed by whomever it’s made out to.
The drawback? These transactions take time. After you purchase the money order, you have to send it to your sportsbook by mail. Depending on where the company is located, that could take a few days, even a few weeks. And then you have to wait for the sportsbook to credit your account. That could take another few days—longer if your attempted transaction intersects with a holiday and/or weekend.
It’s not all bad, though. Since money orders are already paid for, you don’t have to wait for your bank to clear anything. When you use a certified or personal check, it’s different. Your bank has to process it after the sportsbook does. That can sometimes tack weeks onto your waiting period.
So if you are infomation conscious and don’t mind a healthy waiting period, but don’t want to slog through the additional patience required with certified and personal checks, bankrolling your sportsbetting experience via money orders is definitely the way to go.
Betting Sites Accepting Money Order
Most sportsbooks will end up accepting money orders as valid deposit and withdrawal methods. Such bookmakers include: 5Dimes, Bet365, Bet Online, Bodog, Bovada, Top Bet, William Hill, Pinnacle Sports, Sportsbook.ag, Sportsbook Interaction and pretty much any other major sportsbook
Not all sportsbooks who accept money orders will be portrayed in our above tool. It’s useful as a guaranteed look at which sites are in the money order business, but there will be many other sites that accept deposits and withdrawals via money orders.
Just be sure that you are sending your payment to a reputable company. If there is a site that has bad reviews, or if the address listed seems like a personal address, don’t bother rolling the dice. Once you send out that money order, there is no getting it back. You are better off finding another sportsbook you know to be safe and reliable, or you should at the very least change up your payment method.
A quick Google search can typically clear up any questions you might have about a company and its money order procedures. Speaking with a customer service representative, be it online, via email or over the phone, is also a good route to take. If you see that a sportsbook’s customer service is limited, or even nonexistent, that’s a cue for you to take your money order business elsewhere.
How To Pay With Money Order
Although time-consuming, money orders are really simple payment methods.
To start, you need to find a retail or convenience store, or even a post office, that hands out money orders. Some places will let you pay by credit cards, debit cards or checks, but many will insist that you pay with cash.
There will also be a fee added on to your transaction. Depending on where you purchase the money order, this will be a flat rate ($1 per money order, no matter the amount) or a percentage of the sum that you are sending (one percent of the entire money order amount). If you are being charged a percentage of the deposit, be prepared to incur large fees on high-stakes transactions. This is unavoidable if you’re going to pay using money orders. And if that doesn’t sit well with you, try another payment method—electronic ones will be cheaper for the most part.
Your money order should be made out to the sportsbook’s name. Double check this on the website, but it’s seldom any different. It is paramount that you get the name right, as any mistakes could impede the sportsbook’s ability to process the money order upon receipt.
When you have the money order, you will need to mail it to the sportsbooks. The necessary address will be listed somewhere on your sportsbook’s website, but it’s never a bad idea to call/email and make sure that the provided information is up to date. After getting the address and ensuring you have the proper postage in place, you’re free to send off your deposit.
From the moment your money order gets mailed, it will be at least a few days before anything is deposited into your account. The timelines here are unfortunately inexact. Certain sportsbooks offer timeframes as a guideline, but they cannot be guaranteed, since there are so many factors that go into the projection. Not only does your sportsbook have to receive it, but it must process the funds on its own side. Though the absence of a bank as the middle man speeds things up, this is something that can attach days onto your waiting period.
You will experience similar waits when making withdrawals. Money orders are popular cashout methods, too. They again protect you from providing any integral information, and they can be cashed or deposited into your bank account—kind of like a personal check.
In the event none of this waiting matters to you, then making deposits and withdrawals at your sportsbooks using money orders is a safe and reliable option for you to explore.