Advantages and disadvantages of using Venmo casino sites
Venmo: Pros & Cons
- Quick account setup
- Highly-secure technology implemented
- Low processing fees
- Optimized for mobile use
- Not accepted at all online casino sites
Making an online casino real money Venmo payment
Open an account
Before you can play on a Venmo casino site, you need to open an account. Luckily, the process is free and will only take a few steps. Venmo will ask you to provide your full name, email address, and phone number. You can alternatively sign-up using Facebook.
Verify your account
Verification is a key step when using online payment services. Not just in Venmo casino sites, but also on sites using other online gambling payment methods. But the Venmo verification process is much easier. Instead of uploading documents and taking selfies, it simply uses your bank account.
Make a deposit or withdrawal from an operator
When you open a new account, you're required to review the Venmo fees. So, there're no surprises at all when you begin transacting at any online casinos that accept Venmo. It's worth noting that Venmo doesn't charge for deposits or withdrawals with the standard options. However, it charges a small fee for faster check deposits and instant transfer withdrawals.
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Average time of online casino real money Venmo payments
When you're in a Venmo casino, you will want to pay and play instantly. A delay in payment may slow your roll, or keep you from spending your earnings the way you want. Sadly, that’s the reality with most online casino payment options in use today.
The Venmo payments model has provided a solution. With the standard option, all online casino real money Venmo transactions are free and settlement is usually in two to three days. A second, much quicker option settles transactions within minutes. Venmo, however, applies a nominal fee. Instant withdrawals, for example, attract a 1% fee with a $10 maximum charge.
If you try to fund your account in a casino with a Venmo deposit option or claim a pay-out, the transaction is pretty much guaranteed to go through as expected. If it doesn’t, you need not fret. It’s rare, but it happens sometimes at a few online casinos that accept Venmo. You just need to contact customer support and they will assist you.
Our favorite Venmo casino sites
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Venmo casino verification requirements - A better way to verify
Under Federal Law, Venmo is required to collect information on all customers that hold a balance with their service. You can use the Venmo app without verification, for payments and deposits from your linked bank account, credit, or debit card. Transactions from your Venmo balance will, however, not be honored.
To verify your account, so you can use Venmo for online gambling, head over to the main menu. You'll only be able to complete verification on the mobile app. In the main menu, tap “Settings,” and then “Identity verification.”
You have two options. The first one is instant verification. Here, you need to enter your online banking credentials. The second one allows you to verify your account by manually inputting your banking details. You’ll need to provide your bank account and routing numbers.
Venmo takes this information and accesses the national database to verify your account. Ideally, this process need not take but a few minutes. But if the database system is on the fritz, you'll need to upload verification documents yourself, and it could take up to three days.
The history of Venmo casino sites
The Venmo story started in 2001 in a dorm room at Penn State University when Andrew Kortina and Iqram Magdon-Ismail met. Pure chance saw these guys in the same dorm room. It would take another eight years before they created Venmo.
The inspiration for Venmo came one day when Iqram visited Andrew in New York City to go over some ideas for new projects. Iqram forgot his wallet in Philly, and Andrew ended up footing the bill for the entire weekend. Iqram wanted to pay Andrew back; however, the two friends quickly got frustrated when they realized the only option they had was for Iqram to write a check.
Then came the spark. Iqram and Andrew started asking themselves why they were not using mobile payment services. PayPal was already around, but they were not using it. It seemed like a foreign concept, even to their friends.
The two friends created an SMS-based tool that could send money to peers. Far from being the app that’s widely used today, now even having its own Venmo casino list, the guys had a working prototype.
In 2012, Braintree bought Venmo for $26 million. This may sound like a steal now, but at the time it was a lot of money for a three-year-old startup. In 2013, Venmo changed hands again. This time, through the acquisition of Braintree by PayPal for $800 million.
Today, Venmo has more than 70 million users in the United States. The app processed over $159 billion in payments in 2020. It’s safe to say it's a vital piece in the PayPal mobile payments empire.
Venmo casino sites to other providers compared - Free, innovative, social
We compared this payment service with other popular methods, and this is what we found out. First, Venmo includes the social aspect of payment processing. You can communicate with other users and even send emojis.
It's a payment method also allows players to split payments at online casinos that accept Venmo. You can control how much you spend by letting everyone pitch in when paying. You can’t do that using an online casino debit card, or any other service.
A major part of playing online is controlling how much you pay in transaction fees. Here, Venmo excels with flying colours. All online casino real money transactions are free when using standard options. But there's a catch here. The trade-off for free transactions is an inconvenient two-to-three-day waiting period.
Now, besides being casino review professionals, we are Venmo online gambling enthusiasts ourselves. We know you don’t want to wait three days to collect your earnings. That’s why we believe Venmo provided the workaround. Just bite the bullet and pay the extra fees for instant settlement.
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Popular casino payment methods - Certified safe
When gambling in a Venmo casino, it's only natural to wonder if this payment service is secure and if it can be trusted. You may be curious if it can compete with a casino with Apple Pay deposit, for example. With Venmo, you couldn’t be in better hands.
Venmo is part of PayPal, a payment services giant with an unambiguous approach to online security. PayPal even pays hackers to expose vulnerabilities in its products. They call this the Bug Bounty Program.
Venmo has seen its fair share of challenges, from scuffles with the Federal Trade Commission to the recent scrutiny by the Consumer Financial Protection Bureau. It’s not uncommon in the tech sector though, and all this has moulded the business into what it is today. Venmo now conducts third-party audits every two years.
Online casino real money Venmo FAQ
I made a mistake while depositing, can I cancel the payment?
Unfortunately, no. Transactions are processed instantly when you initiate a payment at online casinos that accept Venmo. You can, however, reach out to customer care. Support technicians might help you reverse the payment.
Do I need to use the same options for deposits and withdrawals?
When playing at a Venmo casino online, you'll usually get your withdrawal via the same method you used to deposit. If the option is not available for withdrawals, another payment method, like bank transfer, is selected.
My deposit didn’t go through. What should I do?
The first thing is don’t panic. The Venmo casino will not be trying to cheat you out of your money. Deposit transactions usually take up to three days. If yours has exceeded this period, contact customer support and provide the details of your transaction.
Do I need to set deposit limits on my casino account?
Real gamblers know when to quit. Deposit limits help you control how much you spend when making online casino real money payments. Remember, never gamble with money you're not willing to lose. So, the best way is to set daily, weekly, and even monthly deposit limits.
I deposited less than the minimum required. Can I top-up and claim the offer?
Unfortunately, no. The first deposit bonus offer is only applied to the initial transaction. You need to make sure you deposit the required amount at the start. You can look out for other offers in the Venmo casino. Make sure you go through the requirements first.
Conclusion - Your resource for online casino real money Venmo payments
Playing in casinos that take Venmo is a secure option. You need not worry about the integrity of the operator or if your funds are safe. Venmo takes care of that for you. This company doesn’t partner with fly-by-night operators that will disappear with your money.
Venmo also allows friends to split the bill. When playing online, you can play the same games and split the deposit to add to the fun. This is something different compared to what you might see if you make a casino PayByMobile payment, and you'll probably not find this service anywhere else.
Another big plus for Venmo is the free transactions. Playing at a casino with Venmo deposit gives you peace of mind. There're no hidden fees - you know exactly what you're paying for and how much. The last thing you want when gambling is to be distracted by how much you're losing on fees.
Compare top online casinos
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$25 No Deposit + 250,000 Gold Coins + 5% Rakeback
Players from Virginia accepted
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30 SCs on 1st Purchase + 4.5 SCs FREE
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25 SCs extra free on first purchases + 2 SCs FREE to claim
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1,000 ($10) No Deposit Free Coins + 360,000 Gold Coins + $8 FREE Coins
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$5 No Deposit + 250 GameCoins + 600 Diamonds
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Online casino real money Venmo FAQ
💰 How to make a payment with Venmo on online gambling sites?
Making a payment on gambling sites is quite easy. No matter which payment method you use: debit or credit card, PayPal, Apple Pay, Venmo etc., The process more or less remains the same. We at Captain Gambling will give you a detailed process of how to use these payment methods in the best online casinos that accept Venmo.
❓ When can I get a Venmo bonus?
The Venmo casino list is not very vast today, but it is looking for more expansion, and thus there is a high chance that you might get a bonus at those casinos. Often online casinos give out bonuses and promos to players like matching deposits or free play. You can check out CaptainGambling, the best online casinos which provide bonus offers on Venmo or through other payment options.
❓ Is Venmo similar to PayPal?
Payment methods more or less are the same for online casinos. At Captain Gambling, you get to know about top online casino websites where you can use different payment options. Whether you use it online with Venmo deposit or Paypal, the important steps, along with other relevant information, will be provided to you at Captain Gambling. So read our guide to see how an online casino real money Venmo payment may differ from a PayPal payment.
🎰 Which online casinos accept Venmo?
We at Captain Gambling provide a comprehensive list of the best online casinos that accept payment methods like Venmo, PayPal, Amex etc. Some payment methods are not as popular as others. So by checking out the Venmo casino list, you can quickly get access to casinos whether they accept this payment method.
