PayNearMe is one of the newest online gambling deposit options. It works differently than nearly any other method. Cash is the only available method. This is useful for players who want to control their spending. It is the most secure option available because there is no need to give a betting site your bank or credit card information. You never need to worry about getting your financial accounts hacked. This is perfect for people who are not comfortable with sharing banking details with betting sites.
PayNearMe is especially helpful in states that do not require retail casinos to process cash deposits. Most states do not have this requirement, making it difficult to get cash onto betting sites.
Pros of using PayNearMe at online sportsbooks
- Instant deposits
- Fees often paid by betting sites
- Protects banking information
Cons of using PayNearMe at online sportsbooks
- Cash is the only deposit method
- Not available for withdrawals
- Requires traveling to a store to use
How to make a PayNearMe deposit
Major online sportsbooks accept PayNearMe as a deposit option. This includes BetMGM, Caesars, and FanDuel. To make a PayNearMe deposit at one of these sites, you must first have an account. To do this, click the “Create account” button on the site’s app or website. You must enter your name, address, email address, date of birth, and the last four digits of your Social Security Number. The site uses this information to confirm your identity and keep the platform secure.
Once your account is open, choose the cashier option, then click deposit. If PayNearMe is an available deposit option, its logo will be among the methods listed. Click that method and enter the amount that you would like to deposit. If you are on a mobile device, a bar code will pop up on your screen. If you are on a computer, a pdf file with a bar code is generated. This must be printed.
The next step is to go to one of the 27,000 retailers that are PayNearMe merchants. These stores include 7-Eleven, Family Dollar, Dollar General, CVS, Walgreens, Kroger, and Smith’s. Go to the cashier or PayNearMe kiosk with the bar code. Once you scan it, you pay the cashier or device in cash. The money is then sent to the sports betting site. It is credited within minutes.
How to withdraw using PayNearMe
PayNearMe is not a withdrawal option at any online sportsbook. If your state has cash at casino transactions, you may go to one of those to receive your money. Otherwise, you must choose a method that does not pay in cash. The typical options available are the Play+ prepaid debit card and bank transfers.
Gift cards may be a better option
Most online sportsbooks have a gift card option. This may be a prepaid Visa, Mastercard, or Discover card, like Play+. Major betting sites like DraftKings and BetMGM have branded gift cards. The advantage of using these options is that it is often easy to receive perks when buying these cards at stores.
For example, stores often have point multipliers on these items to share the commission involved in selling gift cards. An example is a grocery store offering five or ten times points that may be used for gas discounts or free items. There may also be other incentives like direct discounts.
Another benefit is that you can use credit and debit cards to purchase gift cards from a store. This can earn cash back and other credit card program perks. Investigate these options before using PayNearMe where there are never promotions.
PayNearMe online sportsbook FAQs
Are there fees when using PayNearMe as an online sportsbook?
Online sportsbooks typically cover fees when depositing by PayNearMe.
Where can I make a deposit using PauyNearMe?
There are 27,000 PayNarMe merchants. These include 7-Eleven, Family Dollar, Dollar General, CVS, Walgreens, Kroger, and Smith’s.
How can I deposit cash into online sportsbooks?
Some states require online sportsbooks to accept cash at casinos. If that is not available, PayNearMe is the best option.
Can I withdraw from an online sportsbook using PayNearMe?
PayNearMe is only a deposit option. It is not available for withdrawals. Players must use another option like Play+ or bank transfers.
What are alternatives to PayNearMe?
If you do not wish to use PayNearMe, gift cards available at stores is the best option.
What types of deposit options are accepted by PayNearMe?
Cash is the only form of payment used by PayNearMe.