One of the most crucial aspects of modern betting is the ability to be able to make fast and easy deposits. To benefit from this, most payment methods require you to have an active bank account with credit/debit card information. However, there are some people out there who don’t have a bank account and are unwilling to share their financial details.
This is where PayNearMe comes into its own. PayNearMe is an ideal payment solution for those who would prefer to keep their financial details private. It is also fast, which is key for most bettors, and convenient. It is one of the most popular cash-based deposit methods for licensed and legal US sportsbooks because it ticks all of the boxes in terms of speed, security and ease of use.
But how can you use PayNearMe in conjunction with online betting and which betting sites accept PayNearMe? Let’s take a look at this payment solution more closely.
Best PayNearMe Betting Sites
Online and mobile sports bettors have never had more choice when it comes to the amount of payment methods available to fund their betting account. Here we are focusing on PayNearMe, and although it may put some people off because it involves physical currency, it is still extremely convenient.
It doesn’t matter where you live, the likelihood is you are not far from a PayNearMe outlet. The most common PayNearMe cashier locations include 7-Eleven, Family Dollar, and CVS Pharmacy. In 2022, PayNearMe signed a deal with Walgreens to expand its footprint and process payments at around 9,000 Walgreens stores across the country.
Gambling operators have a big incentive to make depositing as seamless as possible, so it is a simple choice for them to make PayNearMe one of their banking options for their customers who are seeking more privacy. Some bettors have also faced challenges when trying to use debit and credit cards to fund betting accounts, which has also seen PayNearMe grow in popularity as a feasible option. Some banks are reluctant to process sports betting related transactions, so other payment options have come to the fore.
Best Betting Sites That Accept PayNearMe
PayNearMe is not accepted by every sportsbook out there, and the following are what our team considers to be the best PayNearMe sportsbooks.
#1. BetMGM Sportsbook
BetMGM is one of the top US sportsbooks with competitive odds and generous bonuses and promotions. It provides odds on all of the most popular domestic and international leagues and events, where you can also wager on different bet types. It has all of the typical banking options you would expect, including PayNearMe.
- Deposit Limits: Minimum: $10; Maximum: $7,000 per week
- Welcome Bonus: If your first real money bet loses, get the full amount back up to $1,500 in bonus bets
- Withdrawal Limits: Minimum: $10; Maximum: $25,000
- Processing Time: 24 hours
- Fees: None
#2. FanDuel Sportsbook
FanDuel is a huge gambling brand, anybody who watches sports shows will see their odds and adverts constantly appearing. They have their own popular channel on YouTube with some of the biggest current NFL and NBA stars regularly making an appearance. The sports betting site is one of the best around, and you can fund your FanDuel betting account using PayNearMe.
- Deposit Limits: Minimum: $10; Maximum: $7,000 per week
- Welcome Bonus: Get up to $1,000 in Bet Resets
- Withdrawal Limits: Minimum: $10; Maximum: $10,000
- Processing Time: Up to 24 hours
- Fees: None
#3. Caesars Sportsbook
Caesars Sportsbook has grown to be one of the most prominent online betting sites in the country and is owned by, yep, you guessed it, Caesars Entertainment, the giants behind Caesars Palace and other Caesars casino destinations. It is one of the most notable gambling brands in the world and its sportsbook has a wide range of odds covering all types of sports and events. Caesars has a partnership in place with numerous establishments to allow its customers to fund their accounts using PayNearMe.
Another great thing about Caesars is that they have recently lowered their minimum betting deposit to just $5, down from $10, making it more appealing to the bettor who doesn’t want to deposit a lot of cash.
- Deposit Limits: Minimum: $5; Maximum: $7,000 per week
- Welcome Bonus: Get Double Profit Boosts on Your Next 10 Wagers
- Withdrawal Limits: Minimum: $10; Maximum: $5,000
- Processing Time: 24 hours
- Fees: None
Pros & Cons of Using PayNearMe for Betting
| Pros | Cons |
|---|---|
| Security: PayNearMe does not require users to share private financial information at any point. | Not as convenient as entering a card number or doing a bank transfer. |
| Convenience: Ideal for anyone who doesn't have a bank account, credit card or debit card. | Players limited to $500 worth of deposits each day. |
| Budget: Makes it easier to keep spending under control. | Deposits can be free but typically come with a fee ranging from $1.99 to $5.99 per transaction. |
| Fast and efficient deposit option. |
The biggest plus of using PayNearMe is for those who don’t like their financial information being shared between parties. Sure, a lot of people nowadays pay for things with the tap of a phone or by pressing a few buttons on a mobile device. But there are still people out there who prefer using real hard cash, and this is where PayNearMe is an excellent option.
How We Rank US Sites That Accept PayNearMe
The US sportsbooks we have shortlisted are our top PayNearMe betting sites. This is because they excel in all of the important criteria we look for such as competitive odds, bonuses & promotions, as well as the range of betting markets, these are just some of the factors we analyze when ranking online betting sites with PayNearMe.
Bonuses & promotions
Bonuses boost your chances of winning even further. We expect the best sportsbooks to welcome you with generous bonuses that may include a free bet or a deposit match. Existing users should also be able to access odds boosts and other promos.
Odds
Having competitive odds can be the difference between staying with a betting site or looking elsewhere. A good sportsbook will always offer fair value.
Safety & security
As part of the registration process, licensed sportsbooks will ask you for some personal information in order to create your account. You don’t want this information being shared with third parties you don’t know. Therefore, we only recommend legal and established sportsbooks for your protection.
Bet types
Variety is the spice of life and in the betting world you want as many options as possible. You can make all sorts of different wagers with the right betting site. The top sportsbooks will offer odds on all the major domestic and international events in addition to futures, parlays, totals, moneyline, props and spread wagers.
How to Deposit with PayNearMe
Depositing using PayNearMe is simple. As long as you don’t mind physically visiting a store, it can all be done very quickly and efficiently. Here are the steps for depositing at betting sites that accept PayNearMe:
- Choose a sportsbook that accepts PayNearMe and sign up.
- Login to your account and visit the cashier section to make a deposit.
- Scroll through the available options and select PayNearMe.
- Enter your deposit amount. This will trigger the sportsbook to generate a PayCode button.
- Take a screenshot of the code so you have it handy.
Once you have the code to hand, you will need to visit a local store to complete the deposit. Head over to your nearest 7-Eleven, Walgreens or Family Dollar and give the cashier your code and the amount you want to deposit. The store will register the deposit against your card and hand you a receipt. Once you have verified the payment, the funds should appear in your betting account.
Withdrawing from PayNearMe Sportsbooks
Initially, you could only use PayNearMe to make deposits, however, they partnered with fintech to offer ATM withdrawals to its customers in 2022. The PayNearMe cash withdrawals are simple and secure and do not require a payment card. You can start the process to make a PayNearMe withdrawal by entering your phone number and the amount you wish to withdraw. Once the sportsbook processes the withdrawal request, you will receive two text messages:
- The first text will give you a four-digit number, withdrawal amount and time expected for withdrawal to complete.
- The second will give you a map of nearby ATMs where you can withdraw your cash.
Then all that is left to do is visit your closest ATM, enter your phone number, withdrawal amount and four digit code to get the cash from the ATM.
PayNearMe vs Other Sportsbook Deposit Methods
PayNear me is ideal for those who want to be more private around financial information. However, if you are looking for a fast payout sportsbook, using some other methods will likely be quicker. When it comes to popularity and availability, there are far more PayPal betting sites than PayNearMe sites available. Some of the most popular other payment methods available at betting sites include:
- Credit and debit cards
- E-wallets such as PayPal and Venmo
- ACH (e-Checks)
- Online banking
- Apple Pay
- Play+ Card
All of these payment options come with their own plusses and minuses. Choose the one that most suits your needs, there is something for all tastes here.
Is PayNearMe Safe?
The quick and simple answer here is that yes, PayNearME is a very safe and effective payment method when betting. It is licensed to operate in numerous states, which speaks to its reputation and safety. Another factor is that you are only dealing with cash so you cannot be a victim to online scams. All of the payment processes go through the typical scrutiny you would expect from the state gaming regulations.
