Venmo Online Casinos
Venmo started gaining plenty of popularity in the past few years and became the top choice of payment method for US users who wish to send money to friends and family. Currently, the service is widely used across the country as it allows users to resort to different payment methods when they wish to send money via the payment system of Venmo. What is more, transactions via Venmo are instant and extremely secure, making it the favorite financial app of numerous US citizens.
As Venmo is offering convenient, fast, and safe payments, it is no surprise the service started to be accepted at online casinos as a banking option. That said, despite the huge popularity of this fintech solution, it is still fairly new in the iGaming sector and can be found only at several virtual casinos as a supported payment solution. Even so, it is expected for more legitimate online casinos to add Venmo to their lists of supported payment methods as it can offer smooth gaming transactions for a wide range of US casino enthusiasts.
Top 15 Online Casinos Accepting Venmo
Las Vegas USA Casino
Min Deposit$25; $10 for cryptoMax Withdrawal$399.99 - $5,000Deposit Methods
Withdrawal MethodsWithdrawal Time- Crypto - instant
- Checks - up to 1 week
- Gambling brand with extensive experience
- Caters to fans of various casino games
- Casino offers smooth mobile gaming
- Supports different easy-to-use payment methods
- Players can redeem various generous promotions
- Most games are available to play in demo mode
It is always a fun gaming experience when you join Las Vegas USA Casino. The virtual casino can offer a wide range of gaming options, all courtesy of the innovative Realtime Gaming, which is a veteran company in the iGaming industry. In addition to a great gaming experience on their PC devices, Las Vegas USA Casino also offers a smooth gaming time on the go thanks to its mobile version.
Members of the virtual casino will have it easy when they wish to top up their accounts or withdraw their winnings. Las Vegas USA Casino supports various fiat and crypto payments, with Venmo also being among the solutions one could utilize.
Sloto Cash Casino
Min Deposit$25; $10 for cryptoMax Withdrawal$5,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- Crypto - up to 1 hour
- E-wallets - up to 1 hour
- Provides a wide range of casino games
- Fully optimized mobile version
- Supports both fiat and crypto payments
- Offers different casino promotions
- Provides several progressive titles
- Responsive customer support
Playing for real money is no issue for members of Sloto Cash as the virtual casino offers a fair, fun, and rewarding gaming experience at any time and place. The gaming lobby runs on the software platform of Realtime Gaming, which offers cross-platform solutions for those who enjoy playing on the go.
Handling one’s gaming bankroll is a piece of cake, with players having to choose from different fiat and crypto methods. Some players might also be able to use Venmo for their casino transactions, allowing them smooth and safe payments. Whichever option they pick, however, players will be able to handle their gaming bankrolls with extreme ease.
BoVegas Casino
Min Deposit$25; $50 for EthereumMax Withdrawal$2,000Deposit MethodsWithdrawal MethodsWithdrawal Time- Cards - 3-7 days
- Crypto - up to 1 hours
- Bank transfer - 3-7 days
- Offers a wide range of games
- Casino lobby powered by RTG
- High level of security for players
- Supports fast and secure payouts
- Mobile version allows smooth gaming on the go
- Great Live Casino selection
Members of BoVegas can always engage in a fruitful, fun, and fair gaming experience when they join the virtual casino for their wagering sessions. The gaming lobby of BoVegas is courtesy of the inventive Realtime Gaming, which caters to the preferences of various gaming enthusiasts. Even if you are on the move, BoVegas can still offer a superb gaming experience thanks to its fully-optimized mobile version.
At BoVegas, players will be able to handle their payments in different ways, including via popular cryptocurrencies. Venmo may also be available as a payment solution, ensuring fast and convenient casino transactions for BoVegas members.
MYB Casino
Min Deposit- $20 for crypto
- $45 for cards
- $100 for person-to-person payments
Max Withdrawal$2,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- Cards - 3-7 days
- Crypto - instant
- Gaming library powered by various software providers
- Offers a variety of gaming options
- Supports fast and safe payouts
- Provides generous casino incentives
- Responsive customer support
- Implements industry-standard security tools
At MYB Casino, players have the chance to explore a variety of fun gaming options, powered by some of the most innovative software providers in the iGaming industry. The gaming lobby of MYB caters to the preferences of slot fans, players who enjoy table games, as well as enthusiasts who prefer different types of casino games. Not only can MYB offer a fun gaming experience for its patrons but it can also be easily accessed via any mobile device that supports HTML5.
As a member of MYB Casino, you will be able to handle your payments in a hassle-free manner, choosing from a wide range of payment solutions. Venmo can also be seen among the supported payment options at MYB Casino, allowing players easy transactions online.
Sun Palace Casino
Min Deposit$5 - $25Max Withdrawal$399.99 - $2,500Deposit MethodsWithdrawal MethodsWithdrawal Time- Checks - up to 7 days
- Bank transfer - up to 7 days
- Crypto - instant
- Offers promotions for new and loyal players
- Games cater to preferences of different players
- Gaming lobby also available on mobile devices
- Smooth and safe payments via various methods
- Customer support available round the clock
- Casino available in instant-play and downloadable mode
It is always a great experience at Sun Palace, no matter how you decide to enjoy the casino’s games. The website allows you to instantly access the gaming lobby via your browser or you can enjoy extra high-quality gaming by downloading the casino software on your computer. Players who are constantly on the move can also try the mobile version of Sun Palace as it can smoothly run on almost any handheld device.
Playing for real money is fun and extremely easy if you are a member of Sun Palace. The casino will allow you to choose from various payment solutions, including Venmo. Members of the interactive casino can enjoy fast deposits and extremely secure and convenient withdrawals.
Uptown Aces
Min Deposit$10 for crypto; $25 for cardsMax Withdrawal$2,500 - $5,000Deposit MethodsWithdrawal MethodsWithdrawal Time- Checks - up to 6 days
- Bank transfer - up to 15 days
- Crypto - instant
- Extensive gaming library powered by RTG
- Bountiful promotions for new and existing players
- Customer support 24/7
- Supports wide range of fiat and crypto payment methods
- Ensures safe and fair gambling
- Casino runs smoothly on mobile devices
Uptown Aces allows players to enjoy a superb gaming experience filled with a myriad of casino options. Whether you prefer slots, table games, video poker, or something else, at Uptown Aces, you will have the chance to explore a glut of gaming titles. Whenever there is no time to stay at home and play your favorite casino games, you can switch to the mobile version of Uptown Aces and play on your smartphone.
As handling one’s gaming balance is extremely important, Uptown Aces allows players to resort to different fiat and crypto methods to manage their payments. Credit/debit cards, Bitcoin, ecoPayz, Interac, and Venmo are just a few of the options players might be able to use for their casino transactions.
Cherry Gold Casino
Min Deposit$25; $50 for EthereumMax Withdrawal$2,000Deposit MethodsWithdrawal MethodsWithdrawal Time- Cards - 3 to 7 days
- Bank transfer - 3 to 7 days
- Crypto - instant
- Wide selection of casino games
- Generous promotions for new and returning players
- Supports different payment methods
- Customer support 24/7
- Ensures secure gaming experience
- Mobile compatible version for smooth gaming on the go
You can expect nothing but a great gaming experience when you join Cherry Gold for your casino adventures. This interactive casino offers its members a wide range of games that can bring joy to fans of slots, table games, video poker, and various other fun gaming genres. For those chasing bigger payouts, there are also several progressive titles that offer very generous prizes.
When it comes to the payments of players, Cherry Gold offers safe, fast, and easy transactions via several fiat or crypto methods. Among the options available to players, there are Visa or Mastercard-branded cards, cryptocurrencies, and Venmo. All methods that will be available to players can be seen once they register and head to their Cashier page.
Everygame Casino
Min Deposit$5Max Withdrawal$5,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- crypto - up to 48 hours
- e-wallets - up to 48 hours
- check - up to 5 days
- Gaming brand with extensive experience
- Casino offering cross-platform gaming options
- Plenty of offers for both newcomers and regular players
- Support a wide range of payment solutions
- Customer support available 24/7
- Casino available in instant-play mode
Players can have an extremely fun experience once they join Everygame as the brand offers a casino library filled with exciting gaming options. Whether you prefer slots,table games, or any other casino genre, at Everygame, you will find plenty of options to suit your taste. While there is downloadable casino software, you can also try the instant-play version of Evrygame, which can be accessed directly on the casino’s website.
We should also pay attention to the way Everygame patrons will be able to handle their casino payments. Thanks to a wide range of supported methods, players can make both fiat and crypto transactions and manage their deposits and withdrawals in a hassle-free way. While the availability of some methods may differ according to their country or residence, players might be able to use Visa, Mastercard, Skrill, Neteller, Bitcoin, Venmo, and plenty of other payment options.
High Country Casino
Min Deposit$5 - $25Max Withdrawal$2,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- Direct debit - a few hours
- Check - up to 7 days
- Crypto - instant
- Casino offers a myriad of gaming options
- Provides generous casino incentives
- VIP program for loyal members
- One can play instantly or download casino software
- Fully optimized mobile version
- Customer support round the clock
With High Country Casino it is possible to have plenty of fun and win money while doing so. Thanks to a plethora of gaming options, players can dive into a fun experience. The games at High Country Casino are courtesy of Realtime Gaming, which is a leading name in the iGaming sector. Since RTG has optimized a large portion of its games to run on mobile devices, you can grab your phone and play at High Country Casino while you are on the move.
Of course, while playing for fun is also an option, most players would prefer to bet real money. In such a case, players would need to top up their accounts as quickly as possible and then withdraw their winnings in a convenient way. Thankfully, High Country Casino supports a wide range of payment solutions, including Venmo, which offers speedy and secure transactions online.
Free Spin Casino
Min Deposit$25 - $50Max Withdrawal$2,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- crypto - 3-7 days
- cards - 3-7 days
- Licensed and regulated casino operator
- Offers a wide range of casino games
- Casino can run smoothly on various mobile devices
- Generous promotions for both new and regular players
- Customer support 24/7
- Supports various fiat and crypto payment methods
You can always head to Free Spin Casino whenever you are looking for a fun gaming experience at any time and place. Not only will the casino offer you plenty of free spin promotions but you can also explore various other bonus options, which will be available at any point of your casino journey. To help you have a great time, Free Spin Casino offers a glut of gaming options, all courtesy of Realtime Gaming.
To add to the fun gaming experience, Free Spin Casino has also made sure that players will have an easy time managing their payments. That is why players will have the chance to choose from various payment solutions, including credit and debit cards, cryptocurrencies, or the service of Venmo. Whichever option they select, players will enjoy fast, secure, and hassle-free payments.
Cafe Casino
Min Deposit$5 - $50Max Withdrawal$2,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- crypto - up to 1 hours
- Bank transfer - 5-10 days
- check - 4-7 days
- Gaming library powered by a number of providers
- Extensive selection of games
- Offers generous promotions to new and regular players
- Customer support available round the clock
- Supports various fiat and crypto payment methods
- Casino adapted to run on mobile devices
Cafe Casino offers players the chance to explore a wide range of exciting gaming titles that would make anyone’s experience fun and rewarding. Thanks to the software solutions of different inventive gaming companies, the virtual casino offers numerous cross-platform gaming options that can be enjoyed on any PC or mobile device. In addition to a wide range of games, the casino also offers bountiful promotional deals to bring extra excitement to one’s gaming experience.
While players can try the games in a fun mode, betting real money on them is what makes the whole online casino experience fun. To allow players to handle their funds with ease, Cafe Casino has made sure its members can choose from a wide range of options like Visa, Mastercard, Bitcoin, Ethereum, and Venmo, just to name a few. Fast payouts are also possible if you play at Cafe Casino, allowing you to enjoy your winnings in no time.
Vegas Casino Online
Min Deposit$25Max Withdrawal$399.99 - $5,000Deposit MethodsWithdrawal MethodsWithdrawal Time- crypto - instant
- Bank transfer - up to 7 days
- check - up to 7 days
- Casino lobby offering a wide range of games
- Gaming platform powered by software veteran RTG
- Players can redeem different generous promotions
- Supports both fiat and crypto payment methods
- Great VIP program for loyal players
- Casino optimized to run on mobile devices
You can explore a glut of gaming options once you load the gaming lobby of Vegas Casino Online. The games offered by the brand run on the software platform of RTG, which is a veteran name in the iGaming industry. You can make the most out of your time at Vegas Casino Online, especially when you redeem one of the generous promotions the gaming website is offering. Not only can you enjoy your casino adventure in the comfort of your home, but you will also be able to take the mobile version of Vegas Casino Online with you anywhere you go.
There is no need to worry when it comes to topping up your gaming account or requesting a withdrawal of your winnings. Since Vegas Casino Online supports various payment solutions, you can resort to credit/debit cards, the service of Venmo, or some of the most popular cryptocurrencies.
Exclusive Casino
Min Deposit$25; $50 for EthereumMax Withdrawal$2,000Deposit MethodsWithdrawal MethodsWithdrawal Time- Cards - 3 to 7 days
- Bank transfer - 3 to 7 days
- Crypto - instant
- Players can choose from numerous gaming options
- Great bonus selection for new and existing players
- Gaming library compatible with mobile devices
- Offers fair and secure gaming experience
- Customer support available 24/7
- Supports different types of payment solutions
Members of Exclusive Casino can experience a top-notch gaming adventure when they log into their accounts and head to the gaming lobby of the casino. Thanks to the software solutions of Realtime Gaming (RTG), players can explore a myriad of fun casino titles, which include slots, table games, video poker, and plenty of other fun options. The best part about RTG’s games is that they are adapted to run on different devices, including mobile ones, ensuring a fun experience at any time and place.
When it comes to managing one’s bankroll, the virtual casino has made sure that players will have different options for their deposits and withdrawals. Among the options players might resort to, there are Visa and Mastercard-branded cards, crypto methods, Venmo, and more convenient options. No matter the solution they choose, Exclusive Casino members will be able to handle their funds in a fast, secure, and convenient way.
Bovada Casino
Min Deposit$10 - $50Max Withdrawal$1,000 - $3,000Deposit MethodsWithdrawal MethodsWithdrawal Time- crypto - a few minutes
- check - 10-15 days
- Well-experienced gaming brand
- Offers Bovada-exclusive casino titles
- Mobile-compatible gaming options
- Supports a wide range of fiat and crypto methods
- Offers fair and secure gaming experience
- Provides different responsible gambling tools
Bovada is a gambling brand with over a decade of experience, offering fans of casino games a superb online gaming time. Thanks to the software solutions of Realtime Gaming, members of Bovada can enjoy an exciting gaming experience. The casino also offers several Bovada-exclusive titles that can ensure a unique casino experience. All of the excitement the casino is offering can also easily be accessed via your handheld device when you want to play on the go.
At Bovada, you will also be able to handle your funds in a hassle-free way, with the casino supporting a wide range of both fiat and crypto payment methods. Among the different methods one could utilize, there are cards by Visa and Mastercard, Bitcoin, Ethereum, Interac, Venmo, and more. Players will see all of the options that will be available to them once they log into their accounts and head to the Cashier section.
Big Spin Casino
Min Deposit$20 - $100Max Withdrawal$2,000 per weekDeposit MethodsWithdrawal MethodsWithdrawal Time- Crypto - a few minutes
- Person-to-person - a few hours
- Vast variety of gaming options
- Bountiful promotional deals for all players
- Gaming library compatible with mobile
- Ensures safe and fun gaming experience
- Provides customer support round the clock
- Supports both fiat and crypto payments
You can expect nothing but a fun gaming experience when you join Big Spin Casino for your online gaming endeavors. The interactive casino has joined forces with Realtime Gaming (RTG), which is a leading software provider in the iGaming sector. Having many years of experience in the industry, RTG knows how to cater to the needs of every player and offers cross-platform solutions, which can be enjoyed even on mobile devices.
When it comes to smooth real-money gambling, Big Spin Casino has made sure that players will have no issue handling their casino payments. Members of the interactive casino can resort to options like Visa, Mastercard, Bitcoin, Venmo, and more. With various options for deposits and withdrawals, members of Big Spin Casino will definitely find a way to manage their payments in a hassle-free way.
How Does Venmo Function?
Venmo is an app that allows its users to quickly send or receive money, adding a social media element to the whole experience. You can use your credit or debit card, bank account, or Venmo balance to send money via this service. While Venmo is a popular option for people to split their checks at restaurants or their utility bills, Venmo also started appearing at some virtual casinos as a supported payment method.
Since Venmo is a service that allows only transactions between users based in the US, you can still use the app indirectly at virtual casinos that support player transfers, casino vouchers, or MatchPay payments. That way, players will be able to quickly top up their gaming accounts via Venmo, ensuring them fast and secure casino payments.
Before you proceed with using Venmo for your online casino deposits, you must download and install the app on your device. The next step is to create your Venmo account and choose the way you would like to use the app for your casino payments. Since Venmo supports person-to-person (P2P) transactions, as most virtual wallets do, Venmo allows its users to request a card that can be linked to their Venmo account. The card in question can be used at any merchant like any other Visa or Mastercard-branded card.
If you have linked your bank card to your Venmo account and have charged your Venmo balance with a sufficient amount, you can head to the virtual casino of your choice and pick Venmo as the deposit method you would like to use to boost your gaming balance. Once you click on the option to pay by mobile, you will be redirected to a Venmo page that will request you to enter the amount and your password to log into your Venmo account. Withdrawing money via Venmo is similar to the deposit method as players need to go through pretty much the same steps.
Video Explaining How to use Venmo
Opening a Venmo Account
Creating your Venmo account should be a rather simple task, taking just a few minutes to complete. One thing to keep in mind is that Venmo is available only to US residents so you will be able to join Venmo only if you are a US citizen. While the service has an iOS and Android app, you can also open your account on the official website of Venmo.
The first thing you need to provide to start the registration process is your phone number. To verify that it is you who wants to register, the service will send you a code via SMS, asking you to enter the security code you have received. Once you have done that, you will be transferred to the next step of the registration process.
When the phone number is confirmed, new users will have to provide some personal information like their first and last name, the username and password they would like to use, as well as their email address. Once they confirm they are at least 18 years of age, registrants should agree with Venmo’s Terms and Conditions to continue to the next step.
As we mentioned, Venmo has a social-network element, which will show every user’s transaction on a feed that can be seen by other Venmo users. However, upon opening their accounts, users can choose to set up their payments to be private, public, or only visible to users’ friends. Once this step is complete, the Venmo registration is complete and users can start sending or receiving money via the app.
Depositing to Your Online Casino Balance with Venmo
When you wish to have a fruitful gaming experience but you need to top up your casino balance, you may be able to resort to Venmo. In that case, you will be able to deposit into your virtual gaming account in a few very simple steps.
Before we proceed with the depositing process, however, we should inform you that you need to choose a payment method for funding your Venmo account. That will allow you to make online payments at your preferred gaming casino. There are several options you can resort to when you wish to send money via Venmo. You can choose to add funds to your account via a bank transfer, direct deposit, or check. Meanwhile, you can also receive money to your Venmo balance from other Venmo users or through refunds made by merchants.
Whenever you have charged your Venmo account with money, you are ready to fund your casino balance. To do that, you should head to the Cashier page of the casino and choose Venmo from the list of supported payment methods. The next step will prompt you to choose the deposit amount and log into your Venmo account to verify the payment. Once you do authorize the payment, the money will be available in your gaming account.
Whenever you find a casino voucher or player transfer code on the community page of the virtual casino, you need to contact the seller to receive their Venmo address. Once you do that, you need to open your Venmo app, enter the amount you would like to send, provide the seller’s Venmo address and confirm the transaction. You can leave a message or even an emoticon with your transaction to let the seller know you are sending the money for the casino voucher. Whenever the seller receives the money, they will release the casino voucher or transfer code to your casino account.
The final step is to head to the Cashier page for your deposit, select the voucher or player transfer option and enter the code you have received. The money should be instantly available in your casino balance.
Withdrawing from Your Casino Balance with Venmo
The withdrawal process via Venmo is somewhat similar to the deposit one and could allow you to enjoy your money instantly. To be able to withdraw your winnings, you should head to the community page of your casino and make a post with a casino voucher or player transfer code with the sum you would like to withdraw.
To receive the casino voucher or player transfer code, you will need to head to the withdrawal page and choose the respective method as your payout option. After you do that, you will receive the respective code via email. Whenever another player requests to purchase your voucher code, you will provide them with your Venmo address.
Once you receive the money in your Venmo account, you can release the code you have been given to the player who has purchased it. Make sure to give the code to the buyer as soon as you receive the money as most online casinos may suspend the account of non-compliant sellers.
Since transactions between Venmo users are instant, you can enjoy your money in no time. The money in your Venmo account can stay there for your future payments or you can choose to withdraw them.
Venmo Costs and Fees
One of the few reasons why Venmo is a popular fintech solution among US users is the fact that it is a very budget-friendly payment method. Whenever you create your account, you will pay zero fees for joining the payment system of Venmo and opening your balance. What is more, you will not be charged fees whether you decide to fund your Venmo balance via your debit card or bank account.
If you decide to use a credit card for your payments via Venmo, you will be charged a 3% fee. This, however, is a standard rate for many payment solutions that process credit card transactions. Other than that, you will have no other surcharges applied to your Venmo payments to the virtual casino of your choice.
Transfers between Venmo accounts are also free of charge, and most online casinos do not impose fees on casino vouchers or player transfer code purchases. Withdrawing the winnings from the casino should also not cost you any surcharges as you will be selling a voucher or transfer code to another player of the casino. We suggest you stick to the option of selling your casino vouchers or player transfer codes only on the community page of the respective casino as outside forums may impose some extra charges on this type of transaction between players.
Whenever your winnings are in your Venmo balance, you can choose to transfer them to your bank account. This will also cost no fee unless you choose an instant transfer, which can incur a transfer fee of 1%.
Security and Privacy
One of the biggest advantages of Venmo as a payment solution for casino transactions is the security of the method. In 2013, PayPal acquired Venmo, which further proved the security of payments carried out via the system of Venmo. With PayPal being one of the most trust-worthy banking solutions for online payments, it comes as no surprise that Venmo is another product that will offer the same security when it comes to P2P transactions.
In most cases, Venmo can be used only as a means of purchasing a casino voucher or player transfer code from another player at the same casino. It is always advised to purchase codes only from players you can trust.
While it can be difficult to determine whether you can trust a person you only meet in the virtual space of the community tab of the casino, many gaming platforms have made sure to adopt systems that would automatically detect non-compliant sellers. That ensures that you can trust the sellers on the community pages of most online casinos.
Casino players are also advised to stick to the community tabs only of the virtual casinos where they play at. While other forums may also offer casino vouchers and player transfer codes, these websites will most likely not monitor their forums for unfair sellers.
Another thing to keep in mind when initiating Venmo payments is that they are public by default. That means that any Venmo user can view your transactions, your Venmo address, and the address of the receiver or the sender. That said, you can also set up your payments, which will allow you to make your transactions visible only to your friends or you can make them private, with all transactions being visible only to you.
Related Banking Methods
Advantages of Using Venmo
When you are considering whether Venmo is the right payment solution for your online casino payments, you can take a look at the positive sides of the solution. There are several reasons why Venmo is among the top financial apps in the US, making it also a great option for many online casino enthusiasts.
- Allows fast person-to-person payments
- Very cost-effective with low fees on transactions
- Secure payment solution owned by PayPal
- Offer unusual payments by adding a social element
One of the greatest advantages you can enjoy as a Venmo member is fast P2P transactions. When you choose to pay a seller to receive a casino voucher, all you need is the receiver’s Venmo address. With this type of information, you are able to instantly send money to the seller, receive your voucher and start playing at the online casino right away.
Even when you decide to withdraw your Venmo balance to your bank account, you only need to wait a few days to receive the money. However, you can also request an instant withdrawal, which, however, will incur a 1% fee, which cannot go over $10.
Speaking of fees, another great thing about Venmo is that it ensures budget-friendly casino payments as the service charges no registration or account maintenance fees. There are also no surcharges imposed on money sent between two Venmo accounts, making purchasing a casino voucher a very cost-effective endeavor.
The great thing about withdrawals from Venmo accounts is that they also do not impose any fees. The one exception is the case when a user requests an instant withdrawal to a bank account, which will incur a small fee that would not surpass $10.
Venmo payments are popular as a lot of people have decided to trust the fintech solution as it is owned by PayPal. The latter is one of the safest ways many users decide to handle their payments online. With Venmo operating by resorting to the same industry-standard security tools as PayPal, it comes as no surprise why so many people have decided to trust Venmo.
To make the whole process of payments more fun, Venmo has also added a social element to the transactions of its users. Every Venmo account user will be able to see the transactions of their friends, with users’ Venmo payments also being visible to other Venmo users. Those who prefer to be more private, however, can turn off this function of the app.
Disadvantages of Using Venmo
Like many other payment solutions, Venmo also has its disadvantages. That is why you should consider the bad sides of the method as well and decide whether this solution is the right one for your casino payments.
- Available only in the US
- Not supported by many casinos
- Popular among scammers
- Payments cannot be reversed
One of the biggest disadvantages of Venmo is the method being available only to US citizens. You cannot open an account with the service unless you reside in the USA, which means that the option is available to a rather restricted online gambling market. Since Venmo is available only to US citizens, the method is also not supported by a lot of online casinos.
Currently, it is rather difficult to find Venmo as a direct payment method at virtual casinos. Instead, the option can be used at casinos that support casino vouchers, player transfers, or MatchPay payments. This makes the payment process a bit more burdensome as it requires further communication on the respective casino’s community page, with buyers and sellers exchanging information about their Venmo transactions.
Not only is Venmo a popular payment solution in the USA, but it is also widely used by scammers. That is why players who are used to resorting to Venmo for their casino transactions should be careful whenever they receive any money from suspicious accounts they do not know.
Another reason to be extra careful with money transferred via Venmo is the fact that transactions via the app are irreversible. Once the money is sent to another Venmo account, you cannot request to reverse the action as P2P payments through the Venmo system are processed instantly.
Conclusion
Venmo is a widely popular payment solution in the US, with numerous users of the service utilizing the Venmo app to send money to friends and family, split bills, or receive money from people they might know. Recently, the services started being used at many online casinos as well, with players purchasing or selling casino vouchers through the Venmo app.
Venmo allows fast casino transactions, a fun way to handle your payments, as well as a very cost-effective way to handle your casino deposits and withdrawals. With so many users across the country, it is expected that more virtual casinos will add the option to their lists of supported payment methods.
While Venmo can offer easy casino payments, the service is available only in the USA, making it accessible only to casino players located in the states. That said, if players find Venmo convenient enough, they can easily handle their deposits or withdrawals via the financial app.