Revolut is a revolutionary payment provider which allows users to transfer money instantaneously with no fees, while at the same time have all the advantages of having a credit and debit card issued by VISA or Mastercard. This makes it an ideal payment method to deposit and withdraw funds from an online casino.
fees: 3% on deposit
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 that was 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 to 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 be used to 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.
Casinos that Accept Venmo Deposits
While there are not currently many casinos that offer Venmo deposits, the future is looking bright for this payment method. Owned by PayPal and loved by its users, it is quickly being adopted by many vendors that have special agreements in place with the company. In the meantime, the many online casinos that accept PayPal will probably be amongst the first to implement Venmo.
How to Deposit at Venmo Casino Sites
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 favourite casino;
- Select Venmo and follow the instructions given by the online casino.
Players who are 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 method of payment or search for an online casino that offers Venmo.
Fees to Use Venmo to Play Online
Venmo does not impose monthly fees or transfer fees when players send money using the Venmo balance, debit card, prepaid card or their bank balance. However, there is a 3% surcharge that applies to credit cards. This fee is imposed by card companies. When sending or receiving money with the Venmo app on a mobile device, the transactions are free.
Venmo Withdrawal Speed
Venmo online casinos will each have their own withdrawal timeframes depending on the casino’s processing times. The average time it should take to receive a withdrawal after payment has been cleared and released by the casino ranges between one and three business days.
Best Venmo Casinos
The practical aspects of using Venmo as a payment method are that all the user needs is 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 are adopting the Venmo payment method, which will probably lead to many Venmo online casinos in the near future. In the meantime, there are many online casinos that 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 as well as plenty of alternatives, reliable payment methods.
|Rank||Casino||Bonus Amount||Free Spins||Link|
|1||Gambino Slots||N/a||200||Gambino Slots Review|
|4||Monkey Knife Fight||Up to $50||N/A||Monkey Knife Fight Review|
Pros and Cons of Venmo Casinos
There are advantages and disadvantages to every payment method – here are some of the ones we think are the most important.
- Secure Transactions
- Optimised for mobile
- Low fees
- Only available in the USA
- Transaction limits
Advantages of Venmo Casinos
Players who use Venmo as a method of payment at online casinos may enjoy the social aspect of using it. The settings can be changed if players prefer to keep their transactions private. In addition to the social benefits, there are a number of advantages to Venmo.
Venmo uses encryption to protect player's account information and prevent unauthorized transactions. Players that have lost their phone can log into their Venmo account on the website and sign out of the application to remove a session associated with that phone. Users that have a pin or ID attached to the phone have an added layer of security against threats.
Optimized for Mobile
The payment method is optimized for mobile users, which makes it extremely functional on a mobile device. It can also be used on a website, so players that prefer not to use their mobile for payments can still use Venmo.
Players that use Venmo can enjoy very low fees as the company does not charge monthly fees or transaction fees. Any fees incurred when using this payment method will be a fee imposed by the online casino or a credit card company.
Disadvantages of Venmo Casinos
As with any payment method, there are also a few drawbacks to be considered:
Venmo is currently only available to players that reside in the United States. This inhibits players from other countries from using this payment method.
Venmo has daily and monthly limits in place on transactions. This means that casinos that adopt the payment method will have to limit players using it unless the protocols change before then.
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 is using.
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 the addition of 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 a number of 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
There are a few different payment methods that will feel familiar to someone using Venmo. Here are the ones we think are great.
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PayPal has won multiple awards and is viewed as a faster and easier way to pay online. Nowadays, it is also a preferred payment method for online gaming. It is currently available to players from the following countries: UK, Austria, Denmark, Finland, Ireland, Italy, Portugal and Sweden. PayPal comes with many advantages including low risk, convenience and optimisation for any device.
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Skrill/MoneyBookers is a secure and convenient method to transfer funds online, providing real-time instant payments. You do not need to expose any credit card information when you play at online casinos.. You can fund your Skrill account using credit/debit cards, bank transfer, instant electronic funds transfer, GiroPay and other payment methods in over 30 countries.
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NETELLER is similar to Skrill and is the most widely accepted method for playing online. You can fund your NETELLER account using credit/debit cards, bank transfer, instant electronic funds transfer, GiroPay, and supported local payment methods in your country. You can access your account balance and transaction history anytime, anywhere, via the NETELLER website.
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 the resources they invest in adopting the payment method. The transactions are safe and secure as they are fully encrypted, and the withdrawals are usually transferred without a delay.
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 licence body.
The full list of Venmo's state licences 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:
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 is set to surge in the near future. 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 the privacy settings can be set to suit each player’s preference.
Venmo Casinos FAQs
Have a few more burning questions about Venmo? Check out our most frequently asked ones below.t
Can I use Venmo at online casinos?
Yes, you can top up your account at a casino using Venmo. Check that the casino accepts card or ewallet payments and Venmo should be accepted.
Is Venmo free to use to gamble?
Yes. All Venmo transactions are free when using the mobile application, provided that a credit card balance is not being used to make a deposit. In this case a 3% fee may be imposed by the credit card company. There are no monthly charges for Venmo users.
Which countries accept Venmo?
Venmo is accepted in the USA and is currently only offered to US residents.
- Venmo Customer Support (Official Website)