We all know that getting your hands on your hard-earned winnings is probably the best part about betting on sports. That is why it is important, when picking a mobile sports betting site, to make sure that you will have at least a few secure methods to choose from. The sites that we use and are going to suggest to you all offer some of the best legal and safe payout options around, and this page will teach you all about them.
In this in-depth article, we are going to explore mobile withdrawal options as sports betting sites. We will go over why they are important, the laws that restrict certain methods, and which ones you can safely rely on. We will also review a mobile site that offers some of the best withdrawal options in the business.
The answer to this is simple: if you don’t have a reliable way to collect your winnings, then a mobile sportsbook would be pretty useless. Unless you like wagering on games for free, you want to know that you can get your money in your hands as soon as possible when you win big. There are also certain legal aspects to sportsbook withdrawals, which we will touch on in the next section. The bottom line that you want a mobile sports betting site that offers safe, legal, and fast payouts.
Complications With Mobile Betting Payouts
There are a few things you need to know about mobile sportsbook withdrawals that make them slightly different than mobile sportsbook deposits. There is a law called the Unlawful Internet Gambling Enforcement Act, which prohibits financial institutions from accepting certain forms of funds from wagering sites. Because of this law, most mobile sports betting sites will not offer withdrawals in the form of a refund back to the user's credit/debit card used to fund their account. Luckily, there are plenty of other legal and fast sports betting payout options, which we will get into shortly.
To make a withdrawal at a mobile sports betting site, you just need to sign in to your account from your iPhone, iPad, Android device, or just about any other thing that connects to the internet. Once you have enough cash in your account that you feel like it’s worth withdrawing, just navigate to the cashier. From there, you can choose the payout options that are most attractive, and the site will guide you through the next steps. Usually, you can just enter the amount you want to take out, and the funds will transfer automatically. Other methods involve a few more steps, but they are all simple and straightforward.
You will notice a list of methods on the cashier’s page of any mobile sports betting site. Some will have many options, while others will only have a few. As long as you are using a reputable sportsbook, each payout method will be worth your time. We will go over the most common options you will find at the best mobile sportsbooks in the next sections. Each one will get you your money in good time, and safely.
Cash Wire Transfers – One of the most popular methods that players use is MoneyGram or Western Union. The site will wire the money to you or your closest establishment that offers cash wire services. These usually take less than 48 hours to process. You can usually request around $50 to $900 depending on the site, and fees do apply to most cash wire withdrawals, but some sites waive the fee if you request at least $300 or so.
Checks – Another very popular method is receiving a check in the mail. This takes longer than cash wires or electronic transfers, but who doesn’t love finding a check in the mailbox addressed to them? You can take the check to your local bank and turn it in to cash on the spot. What’s more is, most sites offer one free check payout per month. With limits usually hovering around $3,500, this is more than enough for most people.
Bitcoin Transfers – If you are a Bitcoin user, you could do a lot worse than use it as you main method of depositing and withdrawing at a mobile sports betting site. Sites will allow you to link your accounts so that future transfers are just a button click away. Bitcoin transfers generally take minutes, but can sometimes take up to 48 hours. Fees are minimal if any, and the minimums are usually around $25, with maximums around $3,500.
Bank Wires – Players that need to withdraw large amount generally turn to bank wire transfers. These allow you to take out up to $25,000 at some sites, and the minimums are usually around $300-$500. Be aware, the fees are larger with bank wires than with other methods, usually between $45 and $120 depending on the amount you take out. Contact the site through email, phone, or live chat to receive the transfer instructions, and have you bank wire info at the ready.
MyCash/ATM Only Cards – A lesser-used but great option at many sites is gift cards and occasionally ATM only cards. The former allow you to withdraw amounts in certain increments such as $50, and use the funds at certain retailers. The latter has the site send you a card which you can use at any ATM machine to withdraw cash. Both usually come with small-to-nonexistent fees.
Reading through the above withdrawal options, you probably notices a lot of talk about fees, speeds, and limits. These are three important factors to keep in mind when choosing your payout method. If you need cash fast, then using Bitcoin or cash wires will be best. If you can wait, you can sometimes avoiding fees by requesting checks, money orders, and other such methods. You also must keep in mind how much, if any, the fee will be, and the limit per withdrawal. All of this information will be on the cashier page of the mobile sportsbook you are using.
Finding a site with great withdrawal options can be a bit of a hassle with so many contenders out there. We have done much of the work for you by constantly playing at the top mobile sports betting sites for many years. After much deliberation, we have slimmed down our favorites to just a handful of sites. The following is a review for one of the best mobile sportsbooks with great payout options, and is unanimously held in high esteem by bettors all across America.
Mobile Sportsbook With Lightning-Fast Payout Times!
5Dimes is a unique and amazingly fun online sportsbook with complete mobile support, meaning you can access everything on the site from your mobile device for no extra cost. It is like having VIP access to two world-class sportsbooks and casinos for free. This is why technology is amazing, because just a decade or two ago we would have never thought a site live 5Dimes would be possible. You can join today and check out all of the nifty incentives they have for loyal players, such as the reduced juice reward, which saves you money on every bet you make.
5Dimes has a gaming license in Costa Rica, and has been paying out players legally for many years. With more than nine different ways of getting your money, you will never be stuck without options at 5Dimes. With the ease of mobile betting, you can join sports fans from all over the world and wager on almost any notable event that is taking place anywhere in the world, and request your winnings 24/7.