Major Payment Methods on Fantasy Sports Sites
Once you’ve registered at a daily fantasy sports website like FanDuel or DraftKings and have determined you want to get in on the real money action, it is time to deposit money. Making deposits on any DFS website is incredibly simple and rewarding. Additionally, many DFS platforms offer a 100 percent bonus up to a certain amount when you first make a deposit. Let’s take a look at the primary depositing methods of websites like FanDuel and DraftKings.
Once you’ve registered at a daily fantasy sports website and have determined you want to get in on the real money action, it is time to deposit money. Making deposits on any DFS website is incredibly simple and rewarding. Credit cards have been known for daily fantasy sports payment processing, but there are also available options including a variety of eWallets. Additionally, many DFS platforms offer a 100 percent bonus up to a certain amount when you first make a deposit. Let’s take a look at the primary depositing methods for the top fantasy websites in the industry.
Debit and Credit Cards
When it comes to daily fantasy sports, paying with either a credit or debit card will likely be the most popular option. Though there are many fantasy sports betting sites that do not accept eWallets, payment processing will be most reliable via a Visa, Discover, MasterCard, or American Express card. Credit or debit card payments do not collect any fees when making a deposit. The one disadvantage when using a credit card is with withdrawals. The daily fantasy sports company can not put more money back on to a credit card than the total money deposited.
The most successful eWallet on the market has set out to partner up with daily fantasy sports sites within the industry. Initially, Paypal began business with the two largest faces of daily fantasy sports, DraftKings and FanDuel. However, if the legality of skill games hold up, PayPal will likely join forces with a majority of licensed daily fantasy sports sites. Signing up for PayPal is quick and effortless. Deposits are free, but withdrawals to a bank account will come with a small fee. PayPal is dependable and provides an additional level of security through a 128-bit encryption.
Dwolla and Skrill
Though separate entities, the two up and coming eWallets fall into the same category for payment option with DFS. Though they are not accepted at DraftKings or FanDuel as of yet, both are viable options for StarFantasyLeagues.com. Both companies have a background in gambling payment processing, but they both have just scratched the surface in United States markets.
How Can You Deposit Money on FanDuel?
FanDuel lets you make deposits onto your account through two main options—Paypal or credit card. You can use most major credit cards such as Discover, Mastercard, and Visa. If you would like to use the Paypal option, then that is a quick and accessible way to deposit as well. You do not have to pay a fee to deposit money, but some players will have to pay an international transfer fee of 3 percent. However, FanDuel will refund this fee if you contact them via [email protected]
How Can You Deposit Money on DraftKings?
DraftKings offers the same type of deposing methods as FanDuel—Paypal and credit cards. DraftKings also accepts most major credit cards like American Express, Discover, Mastercard, and Visa. This platform also allows you to deposit money using a Visa, American Express, or Mastercard gift card. However, do not throw the card away after using it, as DraftKings will place withdrawals on your depositing card.