Find top money order betting sites
Money orders used to be a hallmark payment method in the sports-betting industry. They’re not so much anymore. Quicker deposit and withdrawal options are now available in ample supply, most notably thanks to the rise of e-wallets and credit card transactions. Money orders, meanwhile, continue to take a little longer. You often have the option of sending them electronically, but for the ones that must be physically sent to online gaming sites, it can take up to weeks for deposits to go through. It’s the same story when you’re waiting for payouts. And yet, it isn’t all bad. Far from it. Money orders still offer their fair share of upside. We’re about to show you why.
This money order betting sites guide will cover everything you need to know about this payment method, including:
Getting money orders isn’t that hard—but it does require making a trek to the store or bank. You need to find a place that will issue money orders. It shouldn’t be difficult to figure out. They’re all over the place. Chances are your local supermarket does it. A quick internet search should clear up any concerns you have.
When purchasing a money order, you’ll need certain information, mainly who it needs to be made out to and where it’s headed. You’ll be asked to confirm all that information before anything is made final. Once you decide how much is going on the money order, you’ll also be charged a fee by the issuer. These added costs vary by where you’re getting the money order from, as well as how much it’s for. You could be on the hook for only a couple of dollars or much more.
The type of money order you will similarly vary depending on the money order betting sites. Electronic money orders are all the rage now, but some online gaming sites still traffic in hard copies. If you have a hard copy, you’ll be responsible for sending it— by courier or regular mail—after obtaining it. That will add yet another cost to your process.
Before doing anything, you should first confirm that your online gambling site accepts money orders. They most likely will, and it isn’t hard to figure out if they do. Visiting their deposits method page and looking at all the pre-approved payment methods will let you know.
If money orders aren’t listed under preferred deposit methods, you’re not done yet. We suggest contacting your sportsbook’s customer service. They might still take them and just not prominently advertise it (though most major gambling sites do).
Assuming your sportsbook accepts money orders, you will need to contact customer service anyway. You need to know exactly who to make the money order out to, and where to send it. This process remains the same whether you’re sending an electronic money order or paper copy.
Upon sending money orders, your next stop is simple: wait. If you need to send your money order via courier, you’ll be waiting a few days to a couple of weeks for the funds to reach your account. If you sent an electronic payment, the process is much quicker, albeit still a bit slower than if you were using an e-wallet or credit card.
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There is one crowning benefit to using money orders to fund your sportsbook accounts: They give you the ability to gamble with cash.
Using e-wallets requires a bank account or credit card. With money orders, since you’re purchasing them in person, you can use cash to get it issued and then send it to your sportsbook. This is great for people who may not have credit cards or bank accounts that let them complete international transactions, and it’s especially good for the security-conscious bettors (we’ll get to why in just a minute).
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2. Here are some more benefits of using money orders to bankroll your sportsbook account.
Here are our five favorite money order betting sites:
We’ve already touched on this but it bears mentioning again. And then again. And then again once more: Money order transactions are among the slowest in the sports-betting industry.
If you’re sending hard copies to your bookie, you could be waiting up to 14 days for your deposit to take effect. Even if you’re submitting money orders electronically, the funds you sent could still take a couple of days to hit your sportsbook purse. These issues remain the same if you’re requesting withdrawals by money orders.
The fees attached to both money order deposits and payouts can also be significantly annoying. At most sportsbooks, you’ll be on the hook for paying the fee to process the actual money order on both withdrawals and deposits. These surcharges can vary, and while most end up being just a few dollars, the surcharges can get up there on more expensive transactions.
Finally, most money order betting sites require you to make a sizable deposit. Whereas many sites accept $10 or $25 bankrolls through e-wallets and credit cards, most online bookies require you to make a minimum deposit of between $250 and $300 (or more) when you’re using a money order. That makes this method less than ideal for casual or new-to-the-industry bettors who aren’t looking to make a demonstrative financial commitment.
Bettors should always be seeking out the best deposit bonuses, no matter the payment method they’re using. But this holds doubly true for money order gamblers. The fees you’ll pay to process these transactions can sometimes be steep. At the very least, you’ll be responsible for paying them on both withdrawals and deposits. Our official stance is that it’s not worth using money orders unless you’re receiving a 50 percent or larger bonus on top of your investment.
Electronic money orders are as safe and secure as e-wallets, bank transfers, credit cards, etc. Transactions that require you to actually mail in a money order are far more risky. It could get lost in transit by the courier, or something could go wrong when it reaches the physical site of your sportsbook.
Leaning on electronic money orders is, for this reason, always better. If you have to send a hard copy, make sure you’re 1) using a reputable sportsbook, such as any of the ones we list here and 2) also using a trusted courier service to get your money order where it needs to go. Your sportsbook will normally suggest one, which at least makes things a little easier.
On the flip side, however, money orders also make it so you can use online gambling sites without having to input bank account or credit card information over the internet. That can be extremely valuable to some bettors, and if you can guarantee your money order will be securely delivered, either electronically or in-person, it makes for one of the least vulnerable payment methods around.
Patience is a Virtue
Don’t expect money order transactions to be completed swiftly. Processing them can take anywhere between a couple of days to a couple of weeks. If immediacy is more your thing, look at an alternative payment method.
Fees, Fees, Fees
Getting money orders issued will cost you…something. It depends on how much you’re sending and where you’re getting your money order from, but you’ll be on the line for some additional overhead when making both deposits and withdrawals.
Secure, But Also Not Secure
So much can go wrong when you have to send in hard copies of your money order, but if you can guarantee it won’t get lost, you’ll have access to all the perks of sports betting without having to input sensitive information over the internet.