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Venmo betting sites in Kansas

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More and more sportsbooks are entering the state of Kansas, and right now some of them are accepting Venmo. On this page, we’ll show you all you need to know about Venmo betting sites in Kansas, as well as other useful information.

What is Venmo and how does it work?

Venmo is an American peer-to-peer transaction platform, it was founded in 2009 but PayPal acquired it later in 2012. Primarily, its main purpose is to share money with friends, family members or to split bills. Venmo has since grown though and offers everything from a secure and fast way to make transactions, purchase cryptocurrencies, and as a payment method for betting sites in Kansas.

Venmo features a debit card as well, and you can make purchases to local shops or in apps and online. Moreover, you can also connect Venmo with your bank account and make deposits or withdrawals from it too.

Andrew Kortina and Iqram Magdon-Ismail were the founders of Venmo, and they were roommates at the University of Pennsylvania. You can create an account from the web version or a mobile app to start making the transactions.

However, in order to make an account on Venmo there are three basic requirements:

  • You must be at least 18 years old.
  • Must be a resident of the U.S.
  • Have a U.S. phone number.

The good thing about it is, there are no monthly or annual fees for having an account on Venmo. Conversely, there is a fee if you opt for instant transfers. An instant transfer takes about 30 mins to a maximum of 24 hours.

How to deposit on an online sportsbook in Kansas with Venmo

Adding a Venmo account to your sportsbook is very easy, you can follow these steps to make deposits in your online sportsbook in Kansas.

1. Register for a Venmo account

First, open the Venmo app or your mobile, or open the web version from a laptop or PC. After that, click on the “Get Venmo” option that will be easily visible to you once you open the app or website. This option will take you to a sign-up page.

Here, you will first choose if you want to use Venmo for personal or business purposes. After that, it will ask you to enter your mobile number, and other personal and basic information. In this way, you can create your Venmo account.

The last step is to verify the identity with Venmo. This process is only available in the mobile app, you cannot verify your id from the website. For this, it will ask your address, Social Security Number, or Tax Identification number.

To start the process, open the app, click on the “You” tab and select “Settings”, and then choose the identity verification option. Venmo will guide you through the process from here onward.

2. Find a betting site that allows Venmo as a payment method

Not many betting sites accept Venmo as a payment method. Directly, almost none of the sportsbooks have this option as a deposit or withdrawal method. However, there is a way to use Venmo for online sports betting sites in Kansas.

You can get a Mastercard debit card from Venmo, and you can use this debit card to make deposits.

3. Choose Venmo as a deposit option

Visit the website or open the mobile app of your online sportsbook in KS. Go to deposit options and enter the details of your Venmo Mastercard debit card. Now you can easily deposit the money for placing bets in your favorite sportsbooks.

Alternatives to using Venmo when sports betting

Firstly, there are not many Venmo betting apps in Kansas. However, there are a lot of other platforms through which you can deposit and withdraw your money for online betting. And they have various features and benefits. Let’s have a look at these.

Neteller

Neteller is another service for money transfer, and unlike Venmo, it works in multiple countries. It is well-known for its fast, secure and free money transfer services. With Neteller, you can make peer-to-peer transactions, receive and transfer to merchants, and make online purchases. Moreover, you can link your bank accounts, credit and debit cards.

Additionally, you can make and receive payments for cryptocurrencies through this platform as well. Neteller is famous for its very reasonable and low fees for deposits and withdrawals. Most sportsbooks in Kansas accepts Neteller.

PayNearMe

PayNearMe is a platform to make purchases, especially for the people who do not have a bank account or do not own a credit or debit card. It is a simple and easy-to-use platform, and they have a user-friendly mobile application. You can use it to make online payments, or to pay for goods, bills, and other services.

When you pay for something online through PayNearMe, using the mobile application, you will receive a message or email with a barcode. After that, you can go to any Seven-Eleven Store near you, scan the barcode and the cashier will process the payment.

Hence, you can pay the cash and the payment will be complete. This way it makes it easier for people to spend money, without owning a bank account or card.

Skrill

Skrill is one of the most famous online transaction services in the world, it was founded in 2001, and is mostly used to transfer and receive money on an international level. It operates in more than 120 countries. Skrill digital wallet app has a very fine user interface, and it can be used to pay money to merchants or even transfer to cryptocurrencies. Moreover, Skrill also offers a debit card service worldwide.

Further, if you are only receiving money, you will not be charged any fee. To you skrill, you only need to have a verified email address. It also protects your transactions from any kind of fraud and offers two-factor authentication. Alot of betting sites in Kansas accepts Skrill.

PayPal

PayPal is one of the most widely used online transaction platforms. It is working in about 200 countries and it provides a very easy and quick way to transfer and receive money. Moreover, PayPal provides services to both individuals and businesses and provides a very low-cost service. Additionally, it also offers debit cards and credit cards. Further, you can transfer money from PayPal to PayPal for free.

When you make transactions with PayPal, it does not disclose the bank account numbers of the users. Therefore, it is considered a very safe platform. PayPal has a very user-friendly app that helps you manage and keep track of your transactions. If you with to use this payment option, Kansas is full of PayPal betting sites.

Pros and cons of using Venmo on KS online sportsbooks

Venmo offers a variety of services, and it is a payment app choice for a lot of people. Nevertheless, it has several advantages as well as disadvantages.

Advantages

  • Secure – Venmo is certainly a safe and secure platform. Additionally, the transactions are also quick and convenient, and sending money is really effortless.
  • No bank details have to be shared – You can make transactions without even disclosing your bank accounts. It keeps your personal bank account separate, and all the transactions that you make are not recorded in the bank statement.
  • Debit card – Venmo offers a Mastercard debit card, that can be used to deposit money on the sportsbooks, or make any other kinds of purchases on other platforms. Moreover, there are very low fees for debit card payments.
  • Easy to use and get started – Venmo is an easy-to-use platform, and it takes only a few minutes to set up your account and get started right away. Moreover, you can go through the identity verification process within minutes. To transfer money to an individual, you only need their email address and a phone number. Besides, the mobile application is also really easy to navigate and understand.

Disadvantages

  • Can’t withdraw to Venmo from a betting site – The only major disadvantage of Venmo is that you cannot directly withdraw money from your Venmo account. You will need to use a different method to withdraw your money. Additionally, there are also very few betting sites that accept Venmo.
  • No international transactions – Venmo is only available in the U.S, and only residents of the U.S can make an account on it.
    No cancel transaction option – Once a transaction has been made, you cannot cancel the transaction. You need to be really careful not to send a payment to the wrong person.

FAQ

Why do only some online sportsbooks in Kansas accept Venmo?

The reason some online sportsbooks in Kansas doesn’t accept Venmo is because it is a peer-to-peer money transfer platform, so it wasn’t designed for making transactions to betting sites or other vendors. Although, some online sportsbooks have made Venmo a payment method for their sites.

Does Venmo have a maximum spending amount?

Yes, Venmo has a weekly limit on the amount of total transactions. If your account is verified, you will have a weekly transaction limit of $6,999. If the account is not verified, then the transaction limit in a week is $299 only.

Is it possible to withdraw with Venmo on KS sportsbooks?

Currently, there are no ways to withdraw money through Venmo from sportsbooks in Kansas. If you want to withdraw your winnings, you'd have to use an alternative method like Neteller or Skrill.

Is Venmo safe to use on sportsbooks in Kansas?

Venmo is safe to use on sportsbooks in Kansas. They have implemented several security features to help protect users' information. These features include: Requiring a PIN code to send or receive money, notifying users when their account is used to send or receive money and encrypting all user information.