- Fast option for transferring funds
- No bank account needed
- Convenient for users with multiple sports betting accounts
Betting Sites that take P2P Deposits
Peet-to-peer (P2P) payments are one of the most trusted ways to send payments on the Internet. Of course, this has trickled into online betting. The popularity stems from the fact that, well, it’s peer-to-peer. Banks are removed the process, which comes with a host of advantages we’ll get into in this article.
Many popular sportsbooks support P2P payments — both in and out — such BetOnline, BetUS, and Bovada. Not only that, but some sites even offer special promotions for using the payment method over things like bank wires. Let’s use this page to discuss the payment option in more depth.
Funding sportsbook accounts with P2P deposits is the preferred method for many, be they frequent bettors or occasional wagerers, and it’s not difficult to see why. The advantages of P2P betting are that it is easy, secure, and doesn’t entail divulging any bank account or credit card information. The latter of which is especially important to bettors who want to stay secure.
There may be fees involved when using P2P deposits, but these fees can often be avoided if the bettor hits the site’s minimum threshold. At most places, the threshold is relatively small too.
Best Peer-to-Peer Betting Sites
Most major sports betting sites offer some type of P2P deposit method. If they don't, then they might not be worth your time and money. But let's save you the hassle of finding who offers P2P. The following sites all do, and they are top-rated bookies too:
Bovada
Bovada offers the most extensive range of deposits when it comes to P2P. This method's minimum deposit is $10, and the maximum is $15,000. Not only that, but Bovada is a just a flat-out good platform. You pair a great betting experience with a convenient payment method, and end up with a killer one-two punch:
BetOnline
BetOnline allows users to deposit via Person to Person. What's more is that BetOnline has one of the best betting menus in the business — for both casino and the sportsbook. Any money you bring into the site via P2P will have a lot of mileage on BetOnline. The minimum here is $100, while the maximum is capped at $600 per transaction.
XBet
XBet offers users P2P transfers via telephone calls with customer service — yes, you have to talk to a real person. What one needs to complete the transfer is sender and receiver information and a confirmation number from the business that is facilitating the transfer. The minimum P2P transfer for XBet is $100, and the maximum is $500. Any deposit over $300 has the fees waived.
BetNow
BetNow offers P2P deposits via Person to Person. Transfers deposits can be completed online or on the phone with customer service. The minimum deposit using this method is $50 and the maximum is $500. P2P transactions all use MoneyGram at this site.
MyBookie
MyBookie is another site that provides users with the option to use Person to Person as a P2P deposit method. The minimum deposit amount using the service is $100 and the maximum is $500. No typo either, most of these sites have the same limits, oddly enough.
BookMaker
BookMaker is another P2P option for bettors. This betting site has been around for ages too so bettors are getting an experienced platform to play on. So long as your deposit is at least $300, deposit fees are waived.
Many Bettors use P2P to Deposit
P2P transactions exploded in popularity during the 2000s. It only continued in 2010 when mobile apps using P2P technology proliferated the market (services like Venmo or Cash app). Today, it's still popular — though the direct nature of crypto has taken some of its thunder. But it's easy to see why P2P has been a hit for decades. It has a host of advantages, including the following:
P2P Avoids Third-Party Issues
You may live in a state or country that STILL has betting banned. If you do, then it could be hard to bet using funds from a bank account, which will outright block transactions from betting services.
This is where P2P comes in handy. Without banks being involved in the payment process, this "opens the floodgates" per se. Bettors can move money in and out of sportsbooks via P2P without being flagged. The last thing you want is to be worried about your funds being stuck when betting, and P2P removes some of that uncertainty.
Low Fees
Here's a big one: P2P payments are either low fee or no fee at all. You can't say the same for things like bank transfer or debit cards, which can be costly options at a lot of top sportsbooks. Every bookmaker charges differently, but generally speaking, P2P options are on the low end. We advise you to check with the sportsbook to be sure, but don't expect high fees if using P2P.