One of the biggest concerns with offshore gambling sites (and rightly so) is how the financial transactions work. What’s the point of placing a wager if you can’t withdraw your winnings? Offshore gambling sites operate under sanctions and regulations specific to the countries they are licensed in. American bettors are restricted to certain deposit and payout types because of where they are betting from. This section will outline which payment methods are available, which offshore gambling sites are safe to use and other information regarding currency conversions and more.
What Kinds Of Deposit Methods Are Accepted At US Friendly Offshore Gambling Sites?
Each offshore gambling site offers different deposit methods based on the location you are betting from. Offshore casinos, poker sites and sportsbooks include a range of deposit options, which can be found on the offshore gambling sites in their financial sections. For US bettors, the most common deposit methods at offshore gambling sites are credit cards, debit cards, money transfers and Bitcoin. There are also certain minimum/maximum requirements per deposit method to adhere to. Again, these online gambling destinations are limited to certain deposit methods for American bettors, and the options that are available will vary from site to site. You will find that the banking suites at offshore sportsbooks for US residents, as well as the offshore poker sites and casinos, will offer multiple payment methods for Americans to use.
Using Credit Cards To Deposit Money At Offshore Gambling Sites
Credit cards are a viable deposit option for American bettors. The most commonly accepted credit card brands are Visa and Mastercard, though you will come across gambling destinations that also accept American Express and Discover Card. The legally licensed offshore gambling sites recommended in this guide have international laws to adhere to in order to cater to bettors from around the world. These offshore sites use multiple, high-quality payment processors to give American bettors the best chance of successful transactions. Certain banks and financial institutions have restrictions when it comes to international transactions, transactions with gambling companies, etc., so there is no guarantee that your credit card will work with the offshore gambling sites. It is worth noting that it is not illegal to place bets with offshore gambling sites, only that certain federal laws regulate how transactions can be processed. You can find more information on the subject in our section devoted to gambling with credit cards.
Bitcoin has emerged as one of the most popular forms of online financial transaction methods around, especially with offshore gambling sites. Bitcoin is a digital peer-to-peer currency that has no authoritative oversight, meaning that is a public, user-funded network. Essentially, Bitcoin is like digital cash. Legal offshore gambling sites offer Bitcoin as an option because it is safe via security encryptions and it is the fastest way to access your money. You can find more information about Bitcoin and how it applies to offshore gambling sites on our guide on how to use Bitcoin to deposit into offshore gambling sites.
Notice: As of November 2020, Bovada has currently removed the MatchPay deposit option from its banking menu. The service may be relaunched in the future, but for now, please consider making your online gambling deposits with Bovada Vouchers, Bitcoin, Zelle-To-BTC, or another supported cryptocurrency (or the QB Direct platform at participating sites). All these methods allow for fast deposits and same-day payouts.
MatchPay is a person to person instant pay service currently accepted at Bovada and other Bodog gambling sites. MatchPay deposits differ from other banking methods by allowing users to virtually connect and sell or trade currency for quicker deposits and faster withdrawals.
For players with little experience using Bitcoin, the Zelle to Bitcoin option is an easy way to fund an online account. Zelle is an instant transfer service deployed by numerous US banks. Similar to PayPal and Venmo, Zelle is a convenient Bitcoin option that is becoming a widely available banking method at many of the reputable offshore gambling sites.
FAQs For Offshore Gambling Deposits And Withdrawals
How Do I Withdraw Money From An Online Gambling Site That Is Based Outside Of The US?
Just like with deposits, there are several different withdrawal methods available to US bettors. This policy is in compliance with several international laws that govern how its citizens are able to process transactions through legal offshore gambling sites. Some of the more popular payout methods for US bettors are money transfers, checks and Bitcoin. Check with the individual offshore gambling site to see which payout methods are offered, as they will vary.
Which Offshore Sites Can I Trust With My Financial Information?
You can trust offshore gambling sites that are legally sanctioned and have regulatory oversight from their presiding government. High-quality offshore gambling sites will also have a strong security profile that protects your personal and financial information through encryption. You don’t have to enter any financial information until you are ready to deposit money into your gambling account—you can create an account and browse the gambling options available before entering any financial information. It is not uncommon for these offshore gambling sites to verify your identity before proceeding with a certain payment method. They do this to comply with licensing requirements and to protect their customers.
Do I Need To Worry About Currency Conversion At Offshore Gambling Sites?
No. All transactions are processed in USD for American bettors at the offshore gambling sites listed in this guide, no matter where the offshore gambling site operates. The balances, deposit and withdrawal amounts you see are already converted to USD.
Is My Financial Information Safe At Online Casinos Operating Offshore?
Your financial information is safe through legitimate, legally licensed and sanctioned offshore gambling sites. These sites adhere to international laws regarding financial transactions and are regulated by respected governments. The most reputable offshore gambling sites also have strong security profiles that use encryption to keep your financial information safe.