Fanatics is trying to compete against the ‘big boys’ of the sports betting world, such as DraftKings, FanDuel, or Caesars. By offering features such as live streaming and providing unique betting menus that cover all of the most popular North American sports, Fanatics is developing a niche in the market to draw in customers.
It must be said at this point that Fanatics Sportsbook is still very much a developing product, so some aspects of the sportsbook still need to be enhanced and improved. One of those aspects is depositing and withdrawing money. Although your transactions are perfectly safe and secure, there are not as many options available as there are at some of the more established sportsbooks.
Some of the deposit options on Fanatics include VISA and PayPal. Most payouts can take between 2-5 business days, but most customers report receiving their funds within hours.
This guide on Fanatics Payment options will list all of the banking options available in the Fanatics online sportsbook.
Banking at Fanatics Sportsbook
Fanatics prides itself on delivering efficient processes for its customers. One of the things we like about transferring money to and from the Fanatics site is a feature that allows you to track the progress of your withdrawals, ensuring transparency and enabling you to use bonus bets.
Although features such as the withdrawal tracker are intriguing, their effectiveness can only be proven by customer experiences, which is true of any feature across all sportsbooks.
If you are located in any of the Fanatics legal states, you can deposit funds using any of the payment options available for that state. You don’t have to be in a legal betting state to download the mobile app for Fanatics; you will just be restricted from placing any bets.
You must have a verified Fanatics account to request a withdrawal; if you attempt to release funds with an account that has not been verified, it will not be processed. If you don’t have an active account, sign up and use the Fanatics Sportsbook promo code to get your welcome offer.
Fanatics Sportsbook Payment Methods
After not allowing credit cards for a little while, Fanatics now accepts major credit cards to make deposits on the site. Rest assured that all of your transactions will be safe while using Fanatics, it is a fully licensed US sportsbook. The table below shows the deposit options available at Fanatics Sportsbook:
| Deposit Method | Processing Time |
|---|---|
| Credit/Debit Cards (MasterCard, VISA, American Express or Discover) | 2-3 business days |
| Online bank transfer | Up to 24 banking hours |
| PayPal | 2-3 business days |
| Apple Pay | 1-2 business days |
| Venmo | 2-3 banking days |
| Google Pay | 1-2 banking days |
| Rewards Card | 2-3 business days |
| Zip Payments | Up to 3 business days |
While there may not be as many diverse deposit options as there are at some of the bigger sportsbooks, we feel there are certainly enough good choices to ensure fast and efficient deposits at the sportsbook.
How do I Deposit Money on Fanatics?
Depositing with Fanatics sportsbook is simple. First, make sure you don’t miss out on the welcome bonus. All US sportsbooks offer some form of bonus bets to get your bankroll up and running. Once you are happy to proceed, select your preferred deposit method to add funds to your account.
Here are some steps to follow so you can start betting on your favorite sports on Fanatics quickly:
- After you have logged in, click on ‘Deposit’
- Choose your preferred deposit method
- Enter the amount you wish to deposit
- Confirm the amount and that everything looks ok to continue
- Your funds should arrive in your account instantly
That’s all it takes, and it should all be done within minutes.
Fanatics Minimum Deposit Limit
The minimum deposit at Fanatics is $5, while the maximum is dependent on the payment option you are using. This $5 limit aligns with the majority of US sportsbooks, with most ranging from $5 to $10. Fanatics certainly qualifies as one of the best minimum deposit sites in the US, with $5 the lowest limit we have found. We should also mention that Fanatics does not charge any fees for withdrawals.
Which Debit Cards & Credit Cards are accepted on Fanatics?
Credit and debit cards tend to be the most popular payment choices among US bettors. For a while after launching, Fanatics did not offer any card payment options, which became a contentious issue. The good news is, that the operator does now offer credit card payments, and you can choose from the following:
- Mastercard
- Visa
- American Express Cards
- Discover
Each card will be listed with its logo alongside it when you are on the cashier page of the sportsbook.
Does Fanatics Accept PayPal?
PayPal is an accepted payment method on the Fanatics sportsbook and is very popular among users. The process of linking your PayPal account to your Fanatics account is simple. Another positive tick in the PayPal box is that the welcome bonus offer does not exclude PayPal as one of the payment options. This is important to note, as you don’t want to miss out on any offers you are eligible for. Fanatics will not charge you any fees for using PayPal, but there could be added fees from PayPal itself. Even with those possible minimal charges, the e-wallet remains an excellent choice with very fast processing times.
Fanatics Withdrawal Methods & Transaction Times
The task of withdrawing your winnings from the Fanatics sportsbook is easy. There are no extra hurdles to jump over or tedious forms to fill out when you want to get hold of your winnings. As we have mentioned above, one of the most positive aspects is that there are no fees on any type of withdrawal you request.
You can make a withdrawal using any of the following options at Fanatics:
- Debit card
- Venmo
- PayPal
- Bank Transfer
Withdrawals are typically processed in 24 hours, although a bank transfer may take a little longer.
During our experiences of making withdrawals on this platform, we have never had to wait longer than 24 hours for our funds to arrive. We like the simplicity of PayPal, due to how easy it is to manage everything through one e-wallet. The best PayPal betting sites have some excellent sportsbooks that include PayPal as a payment method.
How to Withdraw on Fanatics
Begin the withdrawal process by signing into your Fanatics account, then head to either the ‘wallet’, or ‘cash’, section to view your withdrawal options. Then follow the below steps:
- Select the ‘Withdraw’ button
- Choose your preferred withdrawal option from the list
- Enter the amount of funds you would like to release
- If everything looks ok, confirm the transaction
- Your funds should be transferred within 24 hours
Before choosing your preferred option, make sure you research each one, including information about their typical transaction times.
