Discovering the right payment method is key to a positive online casino experience. In your journey, you’ll come across factors that will affect your decision of choosing one option over another. “Is that method broadly used in major online casinos?.” “Does it have a good reputation?”– you’ll wonder.
All valid questions. In the end, you want a fair and secure payment method and have no hassle to either deposit or withdraw.
To help you on your quest, we’ve put together the pros and cons of using Venmo. Find out with this review if Venmo is the right option for you.
Which are the Top 5 Venmo Casinos?
At the time of writing, there aren’t many online casinos in the US accepting Venmo. The good news is that Venmo is increasing in popularity in the majority of legal online casinos in the US today. Here are the top 5:
If you want to see more casinos, check out our selection here.
Why does Venmo work in casinos?
Venmo is an American mobile payment service founded in 2009. It was designed for friends and families in the US who wanted to split bills, pay rent or purchase online. Venmo account holders can transfer funds to others via a mobile phone app.
In 2021 the company handled $230 billion in transactions and generated $850 million in revenue.
Is it safe to pay with my Venmo at a casino?
The trusted online payment provider, PayPal, acquired Venmo in 2013. And having a world-renowned brand as a parent company certainly has a big impact on the firm’s credibility.
Venmo handles your transactions in a safe and secure manner. Both the payment provider and Venmo casinos will use security tools to protect your funds and personal information. Online casinos, for instance, will only accept payment methods registered under your name. This is known as Know Your Customer (KYC).
You can learn more about Venmo by reading the operator’s terms and conditions. Or if you’re curious about other payment methods, read our reviews.
Always keep in mind that we only recommend safe, reputable, and licensed US online casinos.
How to use Venmo at Online Casinos?
Using Venmo at your favorite U.S. online casino is quick and easy. Once you have a Venmo account, link it to your online casino account.
Fees on deposits and withdrawals of Venmo Casino
There’s no charge for setting up a Venmo account or for sending funds to casino sites. But if you send cash to a person using the card service, there might be a small charge as the bank could classify this as an advance payment.
Deposit and withdraw your winnings using Venmo
Register at your favorite Venmo casino and deposit in just a few steps:
- Log in to your casino account and head to the ‘Cashier’.
- Select Venmo as your payment method and enter your card details.
- Enter the amount you want to deposit.
- Confirm the details and join the game of your choice.
At the moment, Venmo is not widely available for withdrawals at online casinos. If so, select a different payment method to withdraw your winnings.
What are the Pros and Cons of using Venmo at Online Casinos?
Using Venmo is convenient in many ways but there are some drawbacks also. Learn more with the table:
| Pros | Cons |
|---|---|
| Safe & secure transactions | Not yet widely available |
| Android and iOS apps are available | Cannot cancel payments |
| Low fees | Not always accepted for withdrawals |
| Product of PayPal |
Venmo Vs Other Payment Methods
Venmo has come a long way in facilitating online payments. Let’s take a closer look at how a Venmo casino compares to other payment methods. For instance, PayPal allows players to deposit and withdraw instantly. Skrill lets you create a prepaid card for better security. See the complete comparison below:
| Features | Venmo | MasterCard | PayPal | e-wallets |
|---|---|---|---|---|
| Instant deposits | ✔ | ✔ | ✔ | ✔ |
| Wide acceptance | ✖ | ✔ | ✔ | ✔ |
| Transaction safety | ✔ | ✔ | ✔ | ✔ |
| Available for withdrawals | depends on the casino | ✖ | ✔ | ✔ |
What if I have any issues using Venmo at Online Casinos?
Making a deposit with Venmo is as easy as clicking one button. Transactions are instant and they’re safe and secure. But if you ever run into challenges, it shouldn’t worry you. Here are some tips for common problems:
- I can’t verify my Venmo account
Payment methods will usually ask for a photo ID and a proof of address document. Submit this information with up-to-date and correct information.
- My deposit failed
First, confirm that your account is verified. Also, make that your bank allows payments to online casinos.
- I can’t make withdrawals
If Venmo isn’t listed among the withdrawal methods, choose another one. E-wallets such as PayPal are good options.
- I can’t remove Venmo from my account
As a security measure, you won’t be able to remove this yourself. Contact your online casino’s support team to do this for you.
Extra tips before choosing this payment method
✔️ Make sure Venmo is accepted at the casino.
✔️ Check that bonuses are available when making a deposit with this method.
✔️ Verify that the casino allows withdrawals using Venmo. Otherwise, select a different payment method to withdraw your winnings.
✔️ Verify if your bank will accept transactions to and from the Venmo casino.
Final Thoughts on Venmo
Venmo is a safe and secure form of payment and players can trust that their transactions are private.
If you’d like to use Venmo at your U.S. online casino, it only takes a few seconds to link your account. With extremely low to no fees and instant deposits, Venmo is a great option for casino players. Although not widely accepted for withdrawals, Venmo looks up to its parent company PayPal. Hopefully, this option will become available in the near future.
Frequently Asked Questions
