One of the safest ways to deposit on your favourite sportsbooks is through checks and through money order. Cheque sportsbooks allow you to top your account up by sending cash through a certain type of check. This is the oldest way of transferring funds; thus, it is trusted and safe. If you want to discover all the types of money order, the pros & cons and all the answers to every possible question you may have regarding sportsbooks that accept checks; just keep on reading.
Best Cheque Sportsbooks (2022)
Among the various betting sites that accept cheque, we have selected the top-rated ones. The following bookies offer players low fees. Go ahead and try them out to make the most of your betting activity.
What are the different Money Order types?
Below we’re giving you the specifics for each money order option available, so you can easily decide which is the best fit for your online betting activity.
Money orders are issued by various convenience and grocery stores in the States (i.e. Walmart, 7-Eleven, CVS, K-Mart, Giant, Kroger, Vons, etc.), postal offices and banks. Interestingly enough, the banks and the postal service have the highest fees. They can go as high as $5 for $1,000 at a bank and $1,65 for a money order over $500 at USPS. The lowest fees for money orders can be found at K-Mart at $0.69 for sending $500, which is the maximum amount; while the highest value for money orders issued in the US sits at $1,000. Sportsbooks that accept money orders usually do not apply any fees when you make a deposit. Once you purchase your money order you can send it towards a sportsbook either via the postal service or couriers like FedEx, UPS or DHL.
Check / E-Check
Usually, you won’t be able to deposit at a sportsbook via check or e-check; however, this is the best option if you have to request a payout when depositing via money order. Most bookmakers that accept cheque transactions will offer you a free check payout every month and the fees can range between $5 and $100, depending on the amount you request. Cashing out a cheque from an offshore sportsbook can take place at your local bank. Also, at any credit union (Western Union, MoneyGram, Ria) or at the convenience and grocery stores mentioned above. To request a payout via check or e-check, you need to make a request to the cashier and provide your checking account details (checking account number, routing number, etc.). Usual limits for check payouts start at $100 and can go up to $5,000 and you can receive a check within three days; however, that varies from one cheque bookmaker to another.
Bank Wire / Bank Draft
The common minimum limit for a bank wire payout is $500 and for that amount you can expect a fee between $75 and $100, depending on the sportsbook. The high fees applied on bank wire or draft payouts make them less appealing for bettors. Besides that, the lack of anonymity means you can encounter legal trouble along the way. Another downside for bank wire payouts is the high waiting time that can go up a worst-case scenario of 15 business days. Also, most sportsbooks only allow you to request a bank wire payout every three days, at best.
The differences between Money Order and Checks
One of the main differences between a money order and a check is that the first one can only be used for deposits. The latter mainly works for payouts. Another notable difference between the two is that money orders do not require a bank account. When you opt for a cheque betting site, you need to provide banking and personal details in order to receive the payment. Then, it gets to you and it can be cashed out at a bank, ATM or any check cashing location.
Moreover, you get different maximum amounts. Most money orders are capped at $1,000. Personal checks can go up to much higher limits, depending on the cheque sportsbook.
Sportsbooks also offer bank wires or drafts. However, with higher minimum amounts, fees and processing time, these are rarely used by players. A depositing check from a sportsbook can arrive in 3 to 5 business days, while a bank wire can take up to 15.
To sum things up, money order deposits are efficient compare to bank wire or P2P. However, if you put them against cryptocurrencies, the advantages disappear. The instant transactions, low fees and the ability to deposit and request payouts via crypto can’t be matched. In the following sector, you will learn more about some alternative methods.
Money order compared to other methods
Even if bookmakers that accept cheque transfers are available in your region, it is useful for any player to have alternative payment methods. Hence, you can look at other options and how these payments match up with Money orders.
Money order vs PayPal
PayPal is one of the oldest wallets globally. Many bettors prefer it to make the most of their betting activity. PayPal bookmakers offer instant payments, high limits and availability to claim any promotion. Also, users can download an easy to handle app to deposit through it to their favourite bookie when on the road. US players can also obtain a prepaid card to use their funds efficiently. On the other hand, your betting activity is continuously tracked. We talk about the most regulated wallet and also, there is no VIP program available.
Money order vs Google Pay
Google Pay is an online wallet and a rather new entry in the gambling industry. The payment currently operates in 75 countries and comes with many benefits. Its leading edges are fast and secure deposits and under the radar activity. However, Google Pay bookies are limited and, at the same time, don’t allow withdrawals.
Money order vs Apple Pay
Apple Pay is another wallet created by Apple Inc. and it is also a new entry in the betting industry. Apple Pay bookies offer under the radar betting activity with safe and secure deposits. Also, users can send an amount to a friend who also holds an account. Especially users from the US can obtain an Apple Card to manage their funds. However, players can not proceed with a withdrawal and can not use it from an Android device.
Is it worth betting with Money Order?
Cheque sportsbooks are a great alternative to gift cards or person to person transfers. While the processing time isn’t always optimal, the increased security you get is well worth it. Even though it means you’ll have to go out to purchase a money order; the widespreadness of locations offering this payment option, make the process easy as you can do it while you buy your groceries. Also, money orders are faster than bank wire deposits on sportsbooks and the fees are also lower.
If money orders can’t compete with gift cards from a deposit perspective. The withdrawals with checks are the ones that make the difference. If you want to avoid requesting a bank wire payout from a bookmaker, then checks are your only viable option, as gift cards can’t be used for withdrawals. The up to 15 days interval to process a withdrawal via cheque may sound like a long time; however, you can cash it out at numerous locations. Payouts through a cryptocurrency are also an option. To sum up, money orders could be a noteworthy option for some bettors. Nonetheless, we would rather recommend other options to make most of your betting activity; like wallets or cryptos.
Complete list of sportsbooks that accept money orders
Low fees and eligibility to claim promotions as well as bonuses are the main perks of cheque betting sites and of those accepting money orders. Check below the complete list of such bookies and choose the one that suits you best.