Venmo is a digital wallet similar to PayPal that gives you more freedom by allowing you to use your mobile device to send and receive money. It is in fact owned by PayPal, so you know it has the financial backing along with the security to keep your money and data safe. Could Venmo online casinos be coming soon?
While it is known more as a peer-to-peer payment processor to send and receive money on a personal level, we have seen more and more companies allow you to pay for goods and services with Venmo.
One big online company that takes it is Grubhub, the online restaurant ordering site. Moves like this are why we expect Venmo to be a more widely-used payment processor in the future.
But to answer the question, Venmo at online casinos is not yet available.
Venmo works similarly to PayPal in that you are able to send and receive money from anyone who has an account. You simply need to link your Venmo account to your debit card to be able to transfer funds to and from your bank account.
To pay someone, you open the app on your iPhone or Android device, tap the payment icon, enter the amount, and the account you're paying to, tap send, and that's it!
They will receive a notification immediately that the money was sent so they can either apply it to another payment or transfer funds to their bank account.
No, at this time, there are no licensed and regulated online casinos in the US that accept Venmo as a payment option.
With the increase in usage for sites like Venmo and Cashapp, we expect these payment methods to be integrated for online gambling in the near future.
As mentioned, there are no online casinos that currently accept Venmo. However, you can play at these legal US online casinos using PayPal, Skrill, or debit and credit cards.
These sweepstakes casinos (also known as social casinos) give players a chance to play real casino games for cash prizes in the US (except Washington State) and Canada (except Quebec). Sites like LuckyLand Slots and Chumba Casino provide access to popular casino games like blackjack, roulette, video poker, slots, and more.
Players can purchase Gold Coin packages, which come with free Sweeps Coins. Players can then use these Sweeps Coins for a chance to win money prizes when they play the casino games, just like at any other casino!
You can do this with your credit or debit cards and even use a Chumba Casino prepaid card.
Learn more about sweepstakes casinos such as Chumba Casino, Luckyland Slots, and Funzpoints.
If you live in New Jersey, Pennsylvania, or West Virginia, you can use credit cards, PayPal, or Skrill at the following casinos:
If you would enjoy using apps like Venmo to fund your online casino account, don't fret. And if you don't want to use a credit card at an online casino there are other options.
Many online casinos allow you to use payment processors that give you more control over what information you share with these sites if you don't want to use your bank account directly. Here are some alternatives to Venmo that you can use currently at online casinos:
The most popular online payment processor in the US makes sense to use at online casinos.
PayPal owns Venmo and gives you another trustworthy site with your money that you can use as a balance to deposit into your online gambling accounts, send to friends, and transfer to the bank account of your choosing.
You can also get a PayPal debit card to use with your PayPal balance anywhere that would take a MasterCard.
Learn more about PayPal online casinos.
Skrill is a similar payment processor to PayPal that has been around for many years. You are able to move your money freely between your Skrill account and bank account while transferring funds to and from your online gambling accounts.
Skrill also has a prepaid Visa card that allows you more freedom to use your Skrill balance online and anywhere you shop.
Skrill is considered one of the fastest payment options for online casinos.
While PayNearMe isn't an online payment processor like PayPal, Skrill, or Venmo, it gives you the freedom of not divulging your account information to deposit at an online casino.
When you make a deposit, you take your payment slip to a participating store like 7-Eleven and have the cashier scan the slip. Then you pay in cash and you'll see your deposit show up in your online account within minutes.
Learn more about PayNearMe and other banking options for online casinos.
If and when Venmo becomes a method to deposit money in your online casino account, here's how you will be able to deposit using Venmo:
No, you cannot withdraw funds from an online casino using Venmo. Since this service isn't being offered by any US online casinos, this option doesn't exist.
Currently, you cannot use Venmo to gamble online in the US. However, since they are owned by PayPal and have proven to be a safe, effective way for people to transfer money, it could be offered in the future.
Yes, Venmo is safe for you to use for many reasons. Unless you make a mistake, you are sending money to trusted users (whether it's friends, family, or a licensed, legal US online casino). Your data is also protected with high levels of encryption. Plus, if you lose your phone, you can easily log out of the app by logging in on any other device and logging yourself out of the app.
Any basic transfer or payment done on Venmo can be done for free. Venmo does charge you for using instant electronic withdrawals (1% with a minimum of 25 cents) or sending money to people via a credit card (3%). You would also be charged a $2.50 ATM withdrawal fee if you use the Venmo Debit Mastercard at an out-of-network ATM.