Does FanDuel Accept Venmo

Does FanDuel Accept Venmo?

Author: Craig Healy Reviewed By: David Adams
Last Updated: 25th October 2022.

FanDuel is one of the most popular sportsbooks in the USA and players can start funding their account today with the e-wallet Venmo. This e-wallet can be used for both deposits and withdrawals and FanDuel is the first online gambling app to accept Venmo transactions.

If you want to know more about using Venmo to make deposits and withdrawals at FanDuel, make sure to carry on reading.

Does FanDuel Accept Venmo

What is FanDuel?

For players in the United States of America, FanDuel is an online sportsbook where players can place bets on fantasy sports. You can choose a contest, pick your players to build a team and then watch as the game progresses how they move up the leaderboard. If you finish up on the leaderboard’s green zone, you are a winner! FanDuel also has a regular sportsbook and horse racing section that is available in certain states.

 

What is Venmo?

Venmo is a popular e-wallet system with more than 60 million users and is owned by the reputable PayPal. It is predominantly used to transfer money between family, friends and businesses. You can download the app to make it even faster and easier to transfer cash. At FanDuel, players can make both deposits and withdrawals using Venmo.

 

How to Use Venmo on FanDuel

Using Venmo on FanDuel is a quick and easy way to fund your account so you can get started betting. Follow our step-by-step guides to making deposits and withdrawals with Venmo:

Making a Deposit to FanDuel with Venmo

If you want to deposit into your FanDuel account with Venmo, follow these steps:

  1. Visit the FanDuel site and log into your account
  2. Visit the ‘Account’ area
  3. Click on ‘Add Funds’ and pick Venmo as your payment method of choice
  4. Follow the instructions on the screen to connect your Venmo account to your FanDuel account
  5. Enter your depositing amount
  6. Confirm the transaction
  7. Your account will be funded immediately and you can begin betting

It really is as easy as that. Just like other popular e-wallets, Venmo is incredibly fast and easy to use. This means more time can be spent accessing your favourite gambling games.

 

Making a Withdrawal to FanDuel with Venmo

As well as deposits, Venmo can also be used to make withdrawals at FanDuel. However, if you want to use this as your withdrawal method, you will need to use it as your depositing payment method too. After FanDuel has approved your withdrawal request, it can take around 48 hours to process the transaction. Here’s how you can make a withdrawal at FanDuel using Venmo:

  1. Log into your FanDuel account
  2. Visit the ‘Account’ area
  3. Hit the ‘Withdraw Funds’ button and opt for Venmo as your payment option
  4. Connect your Venmo and FanDuel accounts via the instruction prompts on your screen
  5. Enter how much you want to withdraw from your account
  6. Once the casino has approved your withdrawal request, it will instantly transfer the money into your Venmo account

When you use Venmo to make a withdrawal on FanDuel for the first time, the withdrawal process will take a lot longer. Players will have to wait up to 48 hours for the withdrawal money to be transferred to their account. After this first withdrawal, the process becomes instantaneous.

 

Why You Should Choose Venmo

Venmo is a widely used e-wallet where the positives outweigh the cons. However, this payment method is not perfect and will not be the right payment method for everyone. Find out more below about why you should choose Venmo and why you should avoid this payment method:

Advantages of Venmo

  • Deposits are made instantly
  • When connected to a debit card or bank account, there are no fees
  • It adds a layer of security as players can protect sensitive banking information
  • Venmo is a convenient option as many players will already use it to send money to family and friends
  • Can be used for both deposits and withdrawals
  • Venmo app available to download

Disadvantages of Venmo

  • First time withdrawals can take longer
  • There are fees attached when using Venmo with a credit card
  • Can only be used for withdrawals when it has been used to make the deposit
  • It is not available to use at all online casinos

Players can consider both the pros and cons of using this payment method before deciding whether it is right for them to use it on FanDuel.

 

If you are looking to start betting at FanDuel, Venmo is a great payment method option. It is quick, easy, there are limited fees and players can also use this payment method for withdrawals. While there are some cons to using Venmo, the advantages will outweigh these for most players.

Author

Craig Healy
Editor-in-Chief

Craig Healy is the Editor-in-Chief at PayByPhoneBillCasino.uk. He has over a decade of experience in writing and editing, with a focus on creating content that is both informative and engaging.

He is a keen researcher and devotes his time to covering everything payments. In addition to his work at PayByPhoneBillCasino.uk, He also contributes articles for other publications such as Business Insider UK and Forbes Middle East, where he shares insights about the latest developments in the payments industry around the world.