Online casinos are continuously adopting new methods of payment to accommodate the needs of wider audiences. It is exciting to think about what the future of gaming holds in terms of this socially acceptable way of making deposits and withdrawals in the best US online casinos.
Online Casinos That Accept Venmo
The Story Behind Venmo
Venmo is an online payment application established in 2009 and acquired by PayPal in 2013. While PayPal and Venmo are both digital wallets, PayPal can be used for business transactions, whereas Venmo is for personal use. What makes Venmo different from other digital wallets is that it adds a component of social media to making transactions. Users can make comments on transactions if they choose to, adding an element of social interaction.
The payment method was originally used as a means for friends to split payments or pay each other back; however, Venmo has evolved since then. Today, Venmo can send money and make purchases at approved merchants. Users can transfer money to and from their Venmo account in a matter of seconds using a mobile device.
How to Deposit Using Venmo
Depositing at online casinos that accept Venmo will follow the same process as most digital methods that allow players to make deposits online. There might be slight differences in the process from casino to casino, but generally, the steps to follow are:
- Download the Venmo application to your mobile device;
- Open a Venmo account and verify your identity;
- Link a debit or credit card to your Venmo account by following the instructions;
- Navigate to the deposit area at your favorite casino;
- Select Venmo and follow the instructions given by the online casino.
Players playing at a casino that does not offer Venmo as a payment method will not see it as a deposit option in the banking or cashier area. If this is the case, players can choose a different payment method or search for an online casino that offers Venmo.
Venmo Deposit Fees
Venmo does not impose monthly fees or transfer fees when players send money using the Venmo balance, debit card, prepaid card, or bank balance. However, there is a 3% surcharge that applies to credit cards. Card companies impose this fee. The transactions are free when sending or receiving money with the Venmo app on a mobile device.
Venmo Withdrawal Speed
Venmo online casinos will each have their own withdrawal timeframes depending on the casino’s processing times. The average time to receive a withdrawal after payment has been cleared and released by the casino ranges between one and three business days.
Fastest Paying Venmo Casinos in 2022
The practical aspects of using Venmo as a payment method are that all users need a phone number, a mobile app, and a linked account.
The drawback is that there are not currently many online casinos that accept Venmo. Many merchants adopt the Venmo payment method, which will probably lead to many Venmo online casinos shortly. In the meantime, many online casinos accept PayPal.
While the number of online casinos that accept Venmo is few, we can list a few fantastic online gambling hubs that offer players some phenomenal benefits and plenty of alternatives reliable payment methods.
|No.||Online Casino||Venmo Deposit||Venmo Cashout|
|4||Monkey Knife Fight||Yes||Yes|
Advantages and Disadvantages of Venmo Casinos
There are advantages and disadvantages to every payment method – here are some of the ones we think are the most important.
Special Casino Bonuses Using Venmo
As with any payment method, the bonuses offered will be specific to the online casino. There are many fantastic bonuses that players can take advantage of whether they are using Venmo or a different payment method.
Casinos that offer bonuses for using Venmo as a payment method will be doing so to promote the payment method and the brand. In general, bonuses can be taken up regardless of which payment method a player uses.
Players must read the terms of a bonus or promotion to ensure that Venmo or any other payment method that they choose is not excluded from receiving the promotion. Players who have opted in for a deposit bonus should always check their balances to ensure that any bonus funds or spins have been added correctly.
If there is a problem with adding the bonus, players should contact the support team immediately. This needs to be done before any bets are made.
Customer Support at Venmo
Venmo has several ways to get in touch for their help. You can message them through their contact form; you can chat in the mobile app directly and call them. The details to get in touch with them are below.
- In-app chat – M-F 7am-1am EST; S-S 9am-11pm EST
- Phone – (855) 812-4430; M-F 10am-6pm EST
There are alternative methods of getting in touch with them if you use a Venmo Visa Credit Card or Mastercard Debit Card. These can be found on their contact page.
Payment Methods Similar to Venmo
A few different payment methods will feel familiar to someone using Venmo. Here are the ones we think are great.
Security of Venmo Online Casinos
Venmo is a subsidiary of PayPal, one of the most reliable online payment methods available. Casinos that use Venmo are considered trustworthy due to their resources in adopting the payment method. The transactions are safe and secure as they are fully encrypted, and the withdrawals are usually transferred without delay.
Using Venmo to Gamble
While using Venmo to play at online casinos is still in its early stages, the number of online casinos that accept Venmo will soon surge. Venmo has made a concerted effort to increase the number of merchants that accept the payment method.
Using Venmo to gamble will likely add a social element to the process of gaming online, which many players will enjoy. Friends in a player’s social networks will be able to view any deposits and withdrawals made at an online casino and will be able to comment on the transactions.
Receiving a congratulatory message on a withdrawal might appeal to some players; however, privacy settings can be set to suit each player’s preference.
License and Address of Venmo
Venmo has its main headquarters in New York and has additional offices in Chicago and San Francisco. The company is a subsidiary of PayPal and falls under the same license. It is licensed through PayPal’s licenses in all 50 states, with each state having a different license body.
The full list of Venmo's state licenses can be found on their US licenses page. The address of the head office in New York can be found at 95 Morton Street Floor 5 New York, NY 10014 United States:
Venmo Casinos FAQs
Have a few more burning questions about Venmo? Check out our most frequently asked ones below.