One of the most important things to consider when you choose a bookie to use is the number and variety of payment methods. In this article, we will go into detail to cover BetMGM payment methods, along with a few other things.
BetMGM Payment Methods – A Varied Selection for Deposits and Withdrawals
If you've signed up using the BetMGM bonus code, you'll want to know your best options for making quick and easy deposits and withdrawals on BetMGM. Thankfully, the number of available payment options at BetMGM is one of the operator’s best features and it does well to make them stand out from their US competitors. Let’s check those BetMGM payment methods out in more detail:
Deposits at BetMGM
To make a deposit on the BetMGM app or desktop site, go to your account and find the “Deposit” option. Once you click on it, you can deposit your money using these options:
- Credit or Debit Cards – Available options for making deposits with credit and debit cards include Visa, Discover, MasterCard, and American Express. Check with your bank as some won’t process gambling payments and some might incur additional fees or costs.
- Online Banking/Electronic Transfer – If you have online banking established beforehand, you can use it to make a deposit at BetMGM.
- ACH/VIP Preferred e-check – Allows you to use your checking, savings, or money market account to make deposits. To use this method, you will need the routing numbers for your account.
- PayPal – One of the most popular e-wallet options for making deposits. Your PayPal account has to be linked to your bank account before you can deposit your BetMGM account.
- Skrill – Another e-wallet available at BetMGM, perhaps a bit less favourable than PayPal because it comes with fees for deposits and withdrawals on the account.
- Play+ Prepaid Card – This is a prepaid card linked to the BetMGM site to provide the safest deposit method. To use this option, you have to enroll your card through BetMGM first because Play+ accounts registered for other bookies won’t work with BetMGM.
- PayNearMe – Make a payment at your local CVS, 7-Eleven, or Family Dollar. Enter the deposit amount and the phone number or email that you entered when you created the account. You'll receive a slip that you can then take to the preferred store/location. When you make the payment, the funds will be added to your account.
- Borgata Hotel, Casino & Spa – Make payments at the cashier window at the Borgata Hotel, Casino & Spa resort if you're in Atlantic City. You will need your government-issued ID and a BetMGM account to make the deposit.
While this may differ from state to state and depending on the deposit method, most of these payment options allow you to deposit a minimum of $10.
Some of them also have deposit limits, while others have no limits. However, you can set your own deposit limits at BetMGM, whether they are daily, weekly, or monthly
Withdrawing Funds from BetMGM
You can easily withdraw funds from BetMGM by going to your account and finding the “Withdraw” option, similar to how you made your deposit. Also, it’s best to use the method used for deposit, if it is available for withdrawal as part of BetMGM payment methods.
In any case, you can use a withdrawal method only if you used it to make a deposit in the past six months at BetMGM. The options for withdrawal at BetMGM include:
- Couriered Check
- VIP Preferred e-check
- PayPal
- Skrill
- Online Banking/Electronic Transfer
- Play+
You won't be able to transfer funds directly to credit and debit cards. Instead, you have to use online banking or electronic transfer to get your money to your bank. All withdrawal options come with a $20 minimum withdrawal, while the maximum withdrawal can differ from one option to another and other factors. Processing time also depends on the payment methods, ranging from 1 to 5 business days.
