MA sports betting sites » Banking Options for Massachusetts

Banking Options for Massachusetts

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We look at the best banking options available for Massachusetts betting, as well as the safety of online banking and what major sportsbooks offer on their sites.

Online banking in MA

If you plan to Massachusetts sports betting online then utilizing online options is the way to go. Not only are there many to choose from, but they are the fastest way to move funds around and offer heightened security.

Best deposit options in Massachusetts


When it comes to making sports betting deposits you have plenty of options, including:

  • E-wallets
  • Card transactions
  • Play+ cards
  • Online bank transfers

Regardless of what you choose, each of these banking options works well with Massachusetts sports betting.


Examples of e-wallets include PayPal, Skrill, and Neteller. These banking methods let you keep all your accounts and cards in one area, and they can even hold funds for you.

E-wallets are a popular choice for sports betting because they:

  • Prevent financial institutions from blocking gaming transactions
  • Use enhanced security measures
  • Promote anonymity for your transactions

Depending on the e-wallet you choose you can move money around without paying any fees.

Credit/debit/prepaid cards (Visa, Mastercard, American Express, Discover)

Visa and Mastercard are the most popular processors out there, but major sportsbooks are also likely to include American Express and Discover.

You will need to check with your bank to ensure that gaming transactions are allowed before committing to using your debit, credit, or prepaid card. If you have issues with that you can work with another banking method, or you can use the card to load funds onto a PaySafeCard

Not every sportsbook works with PaySafeCard, but this is a closed-loop prepaid option that keeps your financial account completely separate from your sports betting account.

Play+ card

Play+ cards are another prepaid option, but we have them set aside because these cards pair directly with different sportsbook brands. You can load funds onto them from your bank or your betting account, and you can use them to deposit to your sportsbook.

Play+ cards also come in a physical form that can be used anywhere Discover is accepted, including ATMs and retail locations.

Online bank transfers

There are a few ways you can transfer funds completely online.

The first is an ACH transfer, and most sportsbooks use VIP Preferred as their automated clearing house. With these, you enter in your account information (similar to what you find on your checks) and the ACH uses that to find your account and move funds in and out.

Bank payment methods like Trustly or PayWithMyBank do the same thing, but they require you to log into your account with your username and password on a secure page.

There are benefits and risks to both, but they are both trusted ways to move funds.

Fast withdrawals in MA


Deposits are usually transferred instantly, but your payouts might seem to drag. This is where using online banking options for Massachusetts sports betting comes in handy.

Regardless of the online option you choose, most withdrawals are processed in no more than 48 hours. This means that the sportsbook looks at your request and has two days to approve it.

If you were to rely on a check to get your funds it would not be mailed until after processing, so you would need to wait for that to arrive on top of the processing time.

Online options are usually instant once the sportsbook approves the payout, but some can take another 3 to 5 days to completely clear.

Safe online banking Massachusetts


Most banking options for sports betting are safe and secure, and we would not list them if evidence said otherwise. Online banking methods use top-of-the-line security features and encryption to ensure that even if someone hacked the site they would not be able to read your information.

The key is to make sure you are using a secure site for these transactions. Do not use a site that you know nothing about, and stick with sportsbooks that are licensed to operate in Massachusetts.

Make sure your passwords to online banking accounts are complex and monitor your accounts for any signs of fraudulent activity.

Pros of online banking for Massachusetts

When it comes to Massachusetts sports betting, online transactions are the way to go. They provide:

  • Enhanced security measures
  • More accessible transaction when sports betting with mobile devices
  • Increased availability of monitoring
  • A greater variety of funding options

Using online options keeps everything simple and effective.

Cons of online banking for Massachusetts

The cons of online banking for Massachusetts sports betting are more related to financial institutions than anything.

You need to check with your bank or provider to ensure gaming transactions are allowed and assess any potential fees to get a clear idea of which method will work best for you.

Keep your computers and mobile devices secure with antivirus software to limit the chance of compromising your information. Make sure you are changing your password to banks and online accounts often as well.

Sportsbooks and their Massachusetts banking options


BetRivers banking options

BetRivers Massachusetts allows deposits and withdrawals with these methods:

  • Visa, Mastercard, AmEx credit, debit, and prepaid cards
  • The BetMGM Play+ card
  • VIP Preferred
  • E-wallets (PayPal and Skrill)
  • Wire transfers

You can also have a check sent to you if needed.

Caesars Sportsbook banking options

Caesars Sportsbook Massachusetts incorporates several banking methods, including:

  • Visa, Discover, Mastercard credit, debit, and prepaid cards
  • The Caesar’s Sportsbook Play+ card
  • VIP Preferred
  • Online payments
  • E-wallets (PayPal and Skrill)
  • Wire transfers
  • PayNearMe

Unibet banking

At Unibet Massachusetts you have plenty of ways to move money around, such as:

  • Visa and Mastercard credit, debit, and prepaid cards
  • The DraftKings Play+ card
  • DraftKings gift cards
  • ACH transfer
  • Online payments
  • E-wallet (PayPal)

Pointsbet deposits and withdrawals

At Pointsbet Massachusetts you can safely move funds using these methods:

  • Credit or debit cards
  • The FanDuel Play+ card
  • ACH transfers
  • E-wallets (PayPal and Venmo)
  • PayNearMe

They also supports payouts via check.

FAQs banking methods in MA

Which banking option is best for deposits in MA?

It is best to use a banking method you are already familiar with, but an e-wallet or other online transfer can provide additional security for your betting transactions.

What is the fastest way to withdraw your MA betting winnings?

Most sportsbooks that have Play+ cards use that for instant transfers, but withdrawing with an e-wallet, an ACH transfer, or online payment usually takes less than 48 hours.

What tools can help me manage my bankroll in Massachusetts?

Sportsbooks can help you limit your deposits and bet amount by the day, week, or month to assist in managing your bankroll.

Do I need a separate account for betting?

You do not need to open a separate bank account for sports betting. You can use an e-wallet to help manage funds without opening a whole new account.

Who do I contact if I have an issue with my deposits or withdrawals?

If you have an issue with deposits or withdrawals you should start by contacting your sportsbook or financial institution. If you suspect theft or fraud then you should contact the sportsbook and possibly the Massachusetts Lottery Commission.