Pros and cons of American Express betting sites
Pro and Con
- High limits on deposits
- Instant deposits
- High levels of security
- Not available at all sportsbooks
- Have to supply card information
- Relatively slow payouts
Making a payment at an American Express sportsbook
Using an American Express betting site is as simple as using a betting site that accepts other types of credit or debit cards like VISA or MasterCard. A big part of what makes American Express one of the best online betting payment methods lies in what it offers you as a customer. But first, let’s take a look at a step-by-step demonstration of making a deposit or a withdrawal at betting sites that accept American Express.
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- Excellent range of sports markets
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Deposits at American Express betting sites
- Get your American Express card ready, ‘cause it’s time to have some fun!
- Go to the cashier at your American Express betting site.
- After registering your account by providing details that are basically similar to other credit cards like your card number, the security code, and the name on your card.
- After you’ve registered your card on the American Express sports betting or casino platform, you can navigate to deposits from the cashier’s page.
- Here, you can enter the required details like the amount you wish to deposit. Most American Express sportsbook sites have a minimum deposit limit of $10 to $20 and don’t ask for any additional fees.
- To finish your AMEX deposit transaction, you’ll receive a text message on your phone with a code you need to provide as confirmation that you did make a payment.
Withdrawals at American Express sportsbooks
One of the best things about American Express betting sites is that the withdrawal process is just as simple as the depositing one. The process is very similar and it ensures that customers can actually enjoy the whole winning experience and the money they win from their favorite American Express betting sites. Here is your AMEX withdrawal process in a nutshell:
- Go to the cashier section and select “Withdrawals”
- The account information needs to match the information on the card you used to make the deposit previously and are now selecting for withdrawal. This guarantees that your funds are protected and that only you are under full management thereof.
The best American Express betting sites
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Withdrawal and deposits at American Express sportsbooks
Unlike the timescales at bank transfer betting sites, deposits at American Express betting sites are processed instantly when specifically using AMEX, and there is a specific reason for this. The reason is that online betting sites that accept AMEX use a “marker system”, and this system places a marker on a customer’s American Express account to ensure that the money allocated for the deposit cannot be used for other services or purposes.
Thus, the American Express sportsbooks can then grant the customer an instant deposit, even if it hasn’t received a complete transfer from the American Express account yet because it is guaranteed to transfer successfully. Ain’t that nifty for both the customer and operator? The customer doesn’t have to wait and the operator is guaranteed the funds.
| American Express | Deposits | Withdrawals |
| Limits | Usually $10 | Typically upwards from $10 |
| Timescales | Normally instant | Between five and seven business days |
| Fees | None from the casino | None from the casino |
Withdrawals to AMEX are approved in one business day but it can take up to five to seven more days for the funds to appear on the card due to bank processing. Waiting seven days does not happen often, so you can view this time scale as an absolute worst-case scenario and vouch for the three-day time scale.
Betting sites that take American Express have relatively common processing times compared to brands like VISA and MasterCard which are considered to be within the same industry.
Verification requirements at American Express sportsbooks
Whenever an account is opened at any American Express betting sites, a verification process will always be required. However, for security purposes, you may need to keep your verification details close for further use.
For example, if an American Express sports betting platform offers AMEX as a withdrawal method, the operator may need a confirmation of identity. Usually, it will be a copy of a utility bill or other personal document to confirm you as the cardholder. As you’ll find out later, AMEX is a bit obsessed with safety and security, but who is going to complain about that?
Getting started at American Express betting sites
- Go to the American Express site
- Provide your name, address, date of birth and SSN
- Prove you are over 18 and a US citizen
- Apply for American Express card
- Go the American Express betting site
- Fill in registration form with personal information
- Verify account with personal ID
- Navigate to cashier section, select AmEx and make your deposit
- Start betting!
Our top rated American Express sportsbooks
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Highlights
- Excellent range of sports markets
- Plenty of betting options
- Impressive odds
The history of American Express betting sites
American Express started off as a freight forwarding company as long ago as 1850, and that is where its reputation started as a trustworthy company began, as it was responsible for the transportation of some of its customers’ most treasured and valuable possessions. If you think about it, the name “American Express” also fits really well, so one can see how it could have come from the freight business.
AMEX branches out
It was during the end of the 19th century and early 20th century when American Express moved in a new direction and started introducing a new line of travel services and financial products. In the company’s view, these products helped support their customers in other areas of their lives. During the 1950s, AMEX introduced a charge card that offered its customers a completely novel and far more convenient way to make payments. And, from here, the foundation for American Express as we know it today, was set.
The evolution continues
Since the creation of the first charge card, the company, keeping up with technological innovation, developed newer and better payment products, financial services, and packages for their customers. In 2010 the American Express mobile app was launched to provide even more versatility and convenience to AMEX customers.
One of the best incentives American Express has since added is its Membership Rewards product where customers get something back every time they make a payment with AMEX. If you’re still asking what online betting sites accept Mastercard, you may need to reread the part that says “membership rewards.”
Today, American Express is one of the biggest global payment networks and places its focus on customer satisfaction and safety, just as it did in 1850.
American Express sportsbooks compared to other providers: AMEX has some unique features
American Express sportsbooks versus PayPal
PayPal is very convenient as it is almost always offered as a withdrawal option. It is also anonymous when you make transactions between you and the betting platform. However, Paypal cannot be used as widely and easily as American Express, and in the end, you need to transfer funds to your debit or credit card for exactly this reason.
American Express betting sites versus MasterCard
Both American Express and MasterCard are giants when it comes to credit cards. While MasterCard can provide some nice uncapped deposits at casinos for eligible players and might be more prevalent in different betting operator’s payment method collections, AMEX has its own charm with making you feel valued as you earn your way to getting free stuff and giving you a special real-time instant deposit drop at your favorite American Express betting site.
American Express sportsbooks versus PlaySafeCard
You don’t need to share your personal information with PlaySafeCard, which is definitely a pro. You can also link your PlaySafeCard with lots of different payment methods like a bank transfer, your debit or credit card, and use it at participating merchants. However, it does not have a rewards system, and Amex can easily resolve any security concerns with its two-factor authentication system.
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Three big facts about using American Express sportsbooks
AMEX has its own earn-as-you-swipe rewards program
The Membership Rewards program offers a wealth of fantastic rewards for customers that come in a points system. AMEX also has the most partners where customers can use their rewards in the US. Every time you make a purchase with your AMEX card, you get points, and you can watch these points add up until you can get yourself something you’ve wanted. From famous brands to travel and all kinds of retail, it’s all available in the AMEX rewards program.
AMEX has extremely high safety and security standards
Once your deposit has been processed by your chosen safe online casino, you will never be required to submit your details again. Once you deposit your money using the Amex credit card, your account will immediately reflect the balance and you can start betting as soon as you see fit. Amex also offers a two-factor identification process when you make an online transaction with your card to ensure that you are the one making the transaction. In other words, you get a second chance to approve the transaction before it goes through.
AMEX is not as commonly accepted as VISA and MasterCard
This may be an issue when it comes to looking for an operator that fulfills your betting needs. Although American Express has some great perks when it comes to making deposits at your favorite betting site, there is also the possibility that it won’t be on the payment method list as it is a bit more exclusive than your Visa sports betting and Mastercard even though it’s globally accepted.
Conclusion: Play at American Express betting sites
American Express is a recommended online payment method because it is user-friendly, it is available almost everywhere, and the company offers well-thought-out security measures for their customers’ transactions.
The best American Express betting sites always offer a great experience as AMEX only goes for operators that prioritize top-quality games, safe deposits, and excellent customer service. And, do we have to mention again that you will automatically be eligible for loyalty points and fantastic rewards when using AMEX? So sign up to one of our featured American Express sportsbooks for a great way to bet!
Get started with great bonus offers
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Highlights
- Excellent range of sports markets
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American Express betting sites FAQ
❔ Why should I choose American Express instead of MasterCard?
American Express and MasterCard both offer great financial services, so that’s a great question. In our review, we do an in-depth examination of American Express, why this financial provider is a good choice, and for who. You definitely need to read our review of American Express sportsbooks to find out all those small details you didn’t know about this payment provider!
🔗 Is it safe to use American Express as a deposit method at an online betting site?
There are several things we at CaptainGambling.com look at to make sure we give you the best advice about sportsbooks and casinos. When it comes to deposits and withdrawals, we also do a thorough review of American Express betting sites. In this review, you’ll find all the information you need to decide if American Express is a safe deposit method for you, and we are sure you won’t be disappointed.
💲 Is American Express a better payment method for online betting than PayPal?
PayPal and American Express are two very different payment methods, which makes them kind of fun to compare. We’ve done just that in our American Express payment method review, along with some other comparisons so you can decide which payment methods are best for you when you choose a good betting site. We think we know which one you’re going to choose though, so take a look at our in-depth review of American Express betting sites!
💳 Can I withdraw from an online betting site using my AMEX card?
With some payment methods, it’s easy to deposit and withdraw at the same betting site, but with others, an operator will only offer either a deposit or a withdrawal option. In our review about American Express betting sites, we take a specific look at this payment method’s deposit and withdrawal potential because we at CaptainGambling.com understand that this is an important part of deciding which betting operator you’re going to choose. Being able to use the same payment method makes things so much easier, so have a look at our review and decide for yourself.
