Find top MoneyGram betting sites
MoneyGram is becoming an increasingly popular payment method among sports bettors who donât want to tie their bank account or credit card information to an online gaming site or e-wallet. In essence, it is like an electronic money order, combining the best attributes of a wire transfer and money order transactions. Similar to both other payment methods, MoneyGram betting sites are everywhere, and the transaction process is easy to figure out.
All the hype around sportsbook is related to Bitcoin and cryptocurrency debit card depositing, but MoneyGram remains one of the most popular deposit methodsâmuch like other more traditional payment methods such as Western Union and various other forms of money transfers. Allow us to show you why.
Our guide to MoneyGram betting sites will cover everything below, plus more:
Sending MoneyGrams is an easy process that can be accomplished in one of two ways.
In-person transactions remain the most popular. You go to your MoneyGram account, purchase your MoneyGram, input the recipientâs required information and then wait for your funds to reach them. Processing MoneyGrams online may be quicker, but this method offers you a layer of extra security weâll discuss in a minute.
As already alluded to, though, you donât need to leave the comfort of your own home to send a MoneyGram. They can be purchased online. All you need is a valid form of payment (credit card or bank account) and the recipientâs information. But while this MoneyGram method may be more convenient overall, it does not increase the speed at which your funds are received. Thatâs something to keep in mind.
Transactions at MoneyGram betting sites require an extra customer service step. You cannot just visit the deposit section, punch in your information and then be done. You have to contact customer support, either by live chat, email or phone, and get directions for how to send them a MoneyGram. Once you have that information, youâre free to purchase a MoneyGram. Most sports betting sites accept MoneyGram as one of their deposit options.
Why is MoneyGram gaining popularity among sports bettors? Because it doesnât require a bank account or credit card to place wagers online. A simple way to top up your betting account and get quick access to online gambling.
Yes, if you want to send a MoneyGram without physically heading to a store, you will need a credit card or bank account. But you can also pay in cash when you purchase it in person. This allows you to send money to a sportsbook without putting your most sensitive financial information into any websiteânot just your online bookie, but also an e-wallet.
This is the same logic that applies to money order transactions, only MoneyGram transfers are much, much, much quicker. Which brings us to the other primary benefit: MoneyGram transactions get done fast. Theyâre not as instant as straight credit card payments, but they are similar to e-wallet deposits. Your funds should be available to bet the same day that you send them, provided your online sportsbook is open at the time you send your money.
Here are our five favorite MoneyGram betting sites:
Just like every other payment method, MoneyGram isnât perfect. First off, unless your only other alternative is money orders, the entire process can run a little slow. Deposits will take at least a couple of hours to process, and withdrawals will be available to pick up within three business days.
This isnât a long time at all. Letâs make that clear. But if youâre willing to make deposits by credit card or e-walletâand withdrawals by e-walletâweâd recommend doing so. Those methods are often free, and their transaction windows are appreciably shorter.
As usual, sussing out the best deposit bonuses is a must for MoneyGram bettors. Why wouldnât you prioritize free money? Particularly when MoneyGramâs cost, well, money to sendâfees that vary by the amount of your transaction.
At the same time, weâre also big proponents of looking for MoneyGram betting sites that can minimize your overhead even further. Certain online bookies will reimburse for the cost of MoneyGrams. This little add-on isnât always advertised, but you can contact customer support to ask about it. Youâll be surprised at how many sportsbooks are willing to accommodate your request.
MoneyGramâs are much safer compared to their direct counterpart, money orders. The latter is inherently a little riskier, because thereâs a chance youâre dealing with paper copies that need to be sent by couriers, and thereâs always a possibility those get lost or mis-delivered in transport. MoneyGramâs are purely electronic, so you donât have to worry about that potential pitfall.
On top of that, as we already talked about, MoneyGrams allow you to traffic in cash betting if thatâs your prerogative. As long as youâre willing to purchase and send them in person, you can be an active member of the online sports gambling community without ever having to input your bank account, credit card or e-wallet information.
Way Faster Than Money Orders
MoneyGrams can absolutely be for every type of bettor, but theyâre especially useful for those already betting by money orders. MoneyGram transactions are processed electronically and, therefore, much faster and safer. Consider switching to MoneyGram if youâre using money orders to bankroll your sports-betting purse(s).
Higher Deposit Minimums
Although MoneyGrams are processed electronically, many sportsbooks still subject you to the same high deposit minimums attached to money orders. Most online gaming sites will require you to put down between $200 to $300 at bottom. If thatâs too rich for your blood, youâll want to poke around alternative payment methods that arenât usually assigned such high minimums. Credit cards and e-wallets are the best when it comes to that department. You can usually make depositsâmore quickly, mind youâfor as little as $10 to $25.
Withdrawal Expiration Dates
Be mindful of when you requested a MoneyGram payout from your sportsbook. Believe it or not, they will expire. Most sportsbooks will only allow your MoneyGram information to remain live for around 10 days. After that, while you donât lose that withdrawal, you will have to contact customer service to re-issue it. In doing so, you may also be subject to yet another convenience fee from MoneyGram themselves.