- Quick deposits
- No credit card or bank account information required
- Easy to get
In the world of sports betting, you cannot mention the word “convenience” without mentioning MoneyGram. It is an incredibly reliable, easy form of making deposits and withdrawals. Most importantly, it doesn’t require you handing over any bank or credit card information.
To start, you must first register with a sportsbook. After that, you will need to contact a representative from the site. This is typically done by phone or an online chat. Some sites will even have all the information you need on some kind of support or FAQ page—though it’s always better to speak with someone directly, so that you know you’re wiring money to the right place.
MoneyGram functions like Western Union to an extent. Once you have the necessary information from your sportsbook, go to a MoneyGram issuer. They won’t be hard to find. You use the name and reference number you’ve obtained to send money and will receive another confirmation number upon completion. This lets you keep track of your investment, mostly serving as proof that your end of the transaction is complete. You can email your sportsbook this number to help them reconcile your transfer in a more timely fashion.
Betting Sites that Take MoneGram
MoneyGram is just as easy to use as a betting hedge fund as it is to find. All of these allow you to make deposits via MoneyGrams: BetOnline, 5Dimes, MyBookie, TopBet, Bovada, SportsBook, WagerWeb, SportsBettingOnline, BetDSI, BookMaker, SportBet, JustBet, Pinnacle and BetCris.
A little bit of research will help you find other sites that accept MoneyGram. It is so commonly used, it will be tougher for you to find places that don’t accept it.
Doing this research is important, though. Aside from finding MoneyGram-ready companies, you’ll want to confirm those betting hosts are totally legitimate. Checking for a valid gambling license is always a good place to start. These are typically issued from places such as Antigua, Costa Rica and Panama. Surfing the web for reviews is also an acceptable mode of due diligence.
|#||SITES||1ST DEPOSIT BONUS||Min. deposit||VISIT SITE|
|#1||50% Sign Up Bonus||$20||VISIT SITE AND DEPOSIT|
|#2||15% Sign Up Bonus, up to $500||$100||VISIT SITE AND DEPOSIT|
|#3||100% Sign Up Bonus, up to $1000!||$25||VISIT SITE AND DEPOSIT|
|#4||20% Sign Up Bonus, up to $500||$300||VISIT SITE AND DEPOSIT|
|#5||30% Super Saver Bonus Program, -107 style pricing||$50||VISIT SITE AND DEPOSIT|
Why Players Use MoneyGram as Preferred Payment Method
MoneyGram, like many other forms of payment, is preferred because of its flexibility. You don’t need to provide credit card or bank account information. Shoot, you don’t even need to have a credit card or bank account, as MoneyGrams can be paid for in cash, and the places at which you purchase them typically cash them as well. If not, heading over to a check-cashing establishment with a valid form of ID will get the job done.
Small fees will be applied to money that you’re sending, and sportsbooks may charge a fare of their own for cashing out via MoneyGram. These hits are mostly minimal and won’t heavily impact your bottom line.
When picking up a MoneyGram, always have a valid ID on your person. Part of what makes MoneyGram so appealing is its security. You need a confirmation number to begin the process of withdrawals, and because your name is attached to every transaction, you don’t have to worry about someone else ripping off your score.
As an aside, while deposits can be completed and available instantaneously, withdrawals sometimes aren’t approved as fast. Timetables differ by sportsbook, and if you’re looking for expedited compensation, it’s best to figure out which sites promise and deliver on near-instantaneous payouts.