Not only is American Express one of the first monetary institutions both in America and around the world, but they also deliver one of the best ways for bettors to top up their betting accounts. As a punter in the USA, you are surely on the lookout for a reliable payment method as well as sportsbooks where you can enjoy high odds and diverse betting markets. Since our main goal is to provide high-quality information for all readers, we have done extensive research on AMEX, its pros and cons and how it works in online gambling. In the following sections of our article, you’re going to get full access to all the important aspects about paying and cashing out with Amex, alternative and complementary payment methods, as well as the top betting sites that accept American Express.
Best Sportsbooks with Amex Transactions
How to Fund Online Gambling with American Express
There are various American Express cards available out there. You have the credit and debit cards issued by the banks on one hand and on the other, prepaid and gift cards. If you’re interested in Amex bet transactions, you should know right from the start that credit cards are the only ones that are accepted at sportsbooks. Any other American Express card that is not cleared for international transactions, won’t be accepted at any offshore sports betting site and there’s no workaround for that. When talking about American Express prepaid fees, these vary according to the amount you’re going for and, of course, the sportsbook where you’re playing. Either way, you shouldn’t expect to face fees higher than 3% and Amex deposits are always instant.
AMEX Withdrawals from Offshore Bookmakers
Here comes the part you probably already know about. Amex betting transactions can only be made one-way. Meaning that you can deposit using American Express, however, when it comes to cashing out, you need an alternative payment option. Most US-facing sportsbooks do not support Amex debit and credit card cashouts due to UIGEA and too much exposure. There’s nothing to worry about if you’re looking for alternatives to Amex sportsbook withdrawals, as there are several options you can use. Person to person cashout methods are the most recommended for players depositing with Amex for their low fees and wide availability. Also, if you’re withdrawing large amounts of money, you should strongly consider choosing check by courier as your cashout method. The fees are directly connected with the withdrawn amount, however, some sportsbooks offer one free withdrawal monthly or even more often. For a check to arrive by courier, you’re looking at a period between 2 weeks and 30 days.
Despite all our efforts to find sportsbooks that straightforward accept AMEX payments, things may not be so simple. As a direct result of passing the Unlawful Internet Gambling Enforcement Act in 2006, credit and debit cards have become quite unreliable when trying to deposit at offshore bookmakers. So, even if you’re having difficulty finding betting websites that take American Express, you should never lose hope as there are some workarounds out there. With the high number of rejected transactions via Amex, there was a surge in Money Order deposits. You can use your Amex card to pay for the money order and then get the funds to your online sportsbook account without a problem. So, even if you can’t use American Express gift card on certain websites, you can always rely on Money Orders, Bank Transfers or even some e-wallets to fund your online betting account.
AMEX Transactions Advantages and Disadvantages
After taking an in-depth look at what Amex brings to the table for punters looking to enjoy the high odds offered by offshore sportsbooks, it’s time to put the ups and downs head to head and see exactly what you’re dealing with when using Amex.
|👍 Instant Processing||👎 Not Available for Cashout|
|👍 High Depositing Limits||👎 Scarcely Available at Sportsbooks|
|👍 Extra security layers like Address Verification Service||👎 Less Popular Than MasterCard or Visa|
|👍 Immediate chargebacks in case of fraud||👎 Higher fees compared to cryptocurrency, VISA or MasterCard|
|👍 Lower and fewer fees compared with Bank Transfers and Money Order|