Online Sportsbooks That Accept Zelle
Out of the many different payment methods available, there are many sportsbooks that accept Zelle. While its not the most popular form and still unknown, Zelle acts as a digital money transfer platform that has gained popularity in recent years. With digital banking becoming huge across the world, more and more sportsbooks are opening up to new forms of payment. In the same vein as banking platforms like Apple Pay, Venmo, or Cash App, Zelle aims to bring a safe and reliable banking system that can transfer money in a variety of ways, with good speed
Is this the best payment method for me? This and all of your other questions will be answered in order to direct you and educate you on the best Zelle online sportsbooks. On this page, you will be able to find answers to the top questions regarding using Zelle to bet on sports, in addition to any other information we believe is necessary to help you. Understanding your banking methods is one of the most important parts of the online sports betting process, and we want to give you all the tools necessary to make the best decision.
What Is Zelle?
Zelle is a digital banking platform that provides an easy way to send money directly between almost any US bank account. Sportsbooks that accept Zelle allow users to transfer money between US accounts that bank with Bank of America, BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank, Citibank, and Wells Fargo. Zelle has recently begun to be accepted as a valid deposit method for certain online sportsbooks. Zelle provides an alternative to a credit or debit card deposit and can be accessed by anyone who uses the listed banks. If you bank with one of the listed companies, chances are you already have access to Zelle.
How To Use Zelle To Bet On Sports
When you are ready to deposit funds, head to your online sportsbook that accepts Zelle and locates the deposit option. If your sportsbook offers Zelle as a sportsbook deposit method, you will see it listed among the options. Zelle allows you to purchase Bitcoin to use for sports betting. After selecting Zelle, you will be presented with a list of Bitcoin sellers for various amounts. Select how much Bitcoin you would like to purchase and then you will be taken to that seller’s LocalBitcoins trade page. Create, or log in to your LocalBitcoins account, and then initiate the trade with the seller.
It can take between 20 to 40 minutes before the purchase is complete. At that point, you will be notified by email of your purchase. Confirm your payment by entering the seller’s email address into the prompt on the Zelle app. Once the purchase is complete, you will see the Bitcoin in your virtual wallet. Return to Bovada and copy the unique address given. Use this address to transfer the Bitcoin from your virtual wallet to your Bovada account. Using Zelle in 2023 for sports betting is still a solid option for sportsbook users.
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Which Sportsbooks Use Zelle?
Currently, the only major site that we have seen and written a sportsbook review about that also accepts Zelle as a direct form of payment is Bovada, but you can still use Zelle to purchase Bitcoin to use at any online sportsbook. With Bovada, you can select Zelle as a deposit option, which will allow you to purchase Bitcoin at market price through your bank account that is connected to Zelle.
On other sportsbooks, the process can be more convoluted. Basically, you can purchase Bitcoin using Zelle, and then use a Bitcoin wallet like LocalBitcoins, or Coinbase to hold your Bitcoin before transferring it into your sportsbook. While this might be confusing to some who are new to cryptocurrency, we will break it down further to help guide you.
Best Zelle Sports Betting Sites
There are many online sports betting sites accepting Zelle as a deposit method. The best sites are the ones that give bonuses to first-time sports bettors using Zelle. The best sites are also safe and secure. These sites are trustworthy and players can wager knowing that their winnings will be safely deposited to them. There is no shady business going on with these sites. These online sportsbooks also host 24-hour customer service that will allow you to deal with any issues you may have.
It is only fair that we present Bovada here due to their capitalization on the Zelle banking method. Bovada is the first and only major online international sportsbook that accepts Zelle, and is usually on the forefront of new features when it comes to their betting platform. If you are dead set on using Zelle, then Bovada is one of the best Zelle sports betting sites, as they will have everything you need to help you set up, and use Zelle to fund your betting account.
You will also be choosing one of the worldwide leaders in online gambling. Bovada is an industry giant due to its reliable payouts, copious odds, and beautiful user-interface. Thousands of US bettors have used Bovada for all of their Zelle gambling needs for years and years without any major cause for concern. You can rest assured that with Bovada, you are getting a world-class experience.
While BetOnline does not yet have direct Zelle capability, there are still ways to use Zelle to fund your account. You can still use Zelle on its own to purchase Bitcoin. Through a platform like Paxful or Coinbase, you can use Zelle to purchase Bitcoins from various Bitcoin markets. Once you have received Bitcoin in your digital wallet, you can then transfer that count to your BetOnline account. You can do this at any online sportsbook that accepts Bitcoin, not just BetOnline.
However, BetOnline is a terrific choice for any type of online sports bettor. BetOnline is one of the most trustworthy sites available, and consistently has the best odds on a variety of sports. BetOnline has full mobile capability that includes live betting, a full casino, and live customer support. BetOnline also consistently has some of the most lucrative bonuses and promotions that they offer to both new, and returning customers. There is a reason that BetOnline is one of the preferred choices by top sports bettors.
Zelle users choose SportsBetting because it is one of the best sites in terms of a variety of options. There are options for sports to bet on, options for betting types, options for prop bets, and even options for in-game live betting. The options are seemingly limitless at SportsBetting. The online sportsbook prides itself on supplying Zelle users with the best service available to them. You can even place your bets directly from your smartphone, adding to the convenience of the site. Betting on sports at SportsBetting is an easy choice because the site caters to the needs of every sports bettor.
In addition to the variety found, all first-time bettors who use Zelle to deposit into their betting accounts are benefited by a 50% Welcome Bonus that matches your initial deposit up to $1,000. Using promo code SB1000 gives you access to the deposit match bonus. This is free money to be used to either increase your wagers or wager on more sports. And if you win on these bets you collect the whole winnings as your own. Sports bettors using Zelle as a deposit method should look to SportsBetting as their go-to betting site.
Benefits Of Using Zelle Online Sportsbooks
There are many benefits to sports betting sites with Zelle. The most important benefits are that Zelle is a very fast and convenient deposit method. Once your sports betting account is connected to your checking through Zelle, you are able to easily transfer funds. The processing time through Zelle is seemingly instant as you can deposit in just a few minutes and collect in just a few hours. It is one of the fastest methods to withdraw from. Online sportsbooks that payout using Zelle also tend to have either no processing fee or a very low processing fee. You will also benefit from being able to keep track of all transactions as your bank keeps a record of any Zelle transfer that takes place.
Reasons To Use Zelle For Sports Betting:
- An easy method to transfer into the account
- Fast deposit and withdrawal times
- A convenient way to keep track of transactions
- Easy to connect checking account with the betting wallet
- Winnings are directly deposited into your checking account
When Is The Best Time To Use Zelle For Sports Betting?
If you have used Bitcoin for online sportsbooks in the past, you might be asking yourself: Why go through all these extra steps to use Zelle, when I can just buy Bitcoin directly? Well, the main benefit of Zelle sportsbooks applies to those who have not previously set up a cryptocurrency system, and already have Zelle available to use.
If you already have been purchasing and using Bitcoin via your own method, then yes, that is probably still the easiest method to fund your account. However, if you had not used Bitcoin before and already have a Zelle account, then the fastest way to pay with Bitcoin would be to go through the best Zelle sports betting sites since it is already connected. Setting up a digital wallet can take up to two business days depending on a variety of factors, but with Zelle gambling sites, you can have your funds ready to go in less than an hour.
Do I Have To Use Bitcoin To Deposit Zelle?
Currently, yes, you have to use Bitcoin sportsbooks when paying through the Zelle platform. You cannot simply deposit funds directly into your account using Zelle. Zelle acts as the broker between you and the Bitcoin market, which it then uses to deposit money into the sportsbooks. Under current federal law and the UIGEA, US banks are not allowed to directly transfer money to any sports betting provider. Bitcoin works as a middleman currency to anonymize your money and send it to the international sportsbooks. It is all a complicated song and dance that we as bettors put up with in order to use online sportsbooks.
Zelle Deposit Limits
The current sportsbooks deposit limit for Zelle at Bovada is $5000 with the minimum set at $10. We use Bovada for this example since they are the first sportsbook to start accepting deposits via Zelle. While Bovada is one of the only major sportsbooks that have a native set up for Zelle, you can still use Zelle to purchase Bitcoin for use at any online sportsbook. As digital banking becomes more prevalent and embedded int our society, it is a safe expectation that more banking options like Zelle will become common in the future.
Why Can’t I Use Zelle At All Online Sportsbooks?
Zelle users find trouble depositing with the financial app at online sportsbooks because of restrictions put on US financial institutes via the UIGEA. In summary, the US restricts transactions directly between gambling operations institutes and US banking institutes. Zelle is a direct banking transfer application therefore these restrictions affect Zelle directly. Zelle gambling sites offer loopholes and easy multi-step processes to wager with it, but a direct deposit into online sportsbooks with Zelle will run into complications more often than not.
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