Gambling sites that accept American Express
Online gamblers in the USA have a lot of banking options for deposits and withdrawals these days.So let's first take a look at the top gambling sites that accept American Express.
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When it comes to offshore betting sites, you want a reliable transaction method with;
- Low Fees.
- Fast Processing times.
- Fewer Limitations.
But how efficient is AMEX for online betting, and should you trust it?
Table showing Sportsbook American Express Fees/Limits
|Sportsbook||Payment Method||Fee||Deposit Process Time||Min Deposit||Max Deposit|
|BetNow||Amex||Exchange Fees apply||Instant||$20||$1,000|
|WagerWeb||Amex||Exchange Fees apply||Instant||$17||$500|
In this article, we’re reviewing how exactly American Express gambling works at offshore betting sites and how to take part.
What Is American Express Betting?
Each offshore betting site offers several different payment methods to US players.
When it comes to deposits, specifically, credit cards like Visa, MasterCard, Discover, and AMEX are frequently accepted.
How to Deposit with American Express at Offshore Betting Sites
- Depositing with AMEX is a pretty simple process at the sites that accept it (like Bovada).
- You need to be using an AMEX card that holds the same name you’ve used to register at the betting site.
- Log in to your betting site
- Head to the Cashier section
- Choose AMEX as your preferred deposit method
- Enter your AMEX card number, expiration date, and CVV
- Ensure that you have sufficient funds in your AMEX account for the deposit you want to make
- Enter the deposit amount in the cashier
- Confirm your deposit and wait for it to process
Pros of Betting with American Express
If you choose American Express for your offshore betting banking method, there are certain benefits you’ll find.
AMEX cardholders have online transactions automatically protected with a feature called SafeKey. It involves an easy-to-use verification step in a betting site’s cashier that enhances the level of security on deposits.
Better Transaction Success
At least compared to debit card deposits, credit card deposits have a higher success rate. You’re more likely to have your AMEX card deposit cleared than you are with your checking account in the US.
One advantage of American Express deposits is that they’re generally pretty fast. You can expect these transactions to process relatively soon or even instantly at some top offshore betting sites.
Cons of Gambling with American Express
Although AMEX is a convenient option, it’s not necessarily the cheapest or most trustworthy for bettors.
Depending on the betting site you use, fees will vary for card deposits. Some betting sites, like Bovada, won’t charge fees for your first AMEX deposit. However, they will charge high fees for every subsequent AMEX deposit.
But other sports betting sites won’t charge extra fees for credit card transactions. You also have to look out for gambling fees applied by American Express, as well as currency conversion fees for offshore betting.
Low Deposit Limits
Another downside of AMEX deposits – and credit card deposits in general – is the maximum limitation. At many offshore sites, you can’t make very large deposits with credit cards, compared to other banking methods like crypto.
Lack of Privacy and Anonymity
One other drawback of AMEX deposits is that you can’t keep these gambling transactions completely anonymous. Many bettors like the advantage of keeping their finances unattached to betting sites. But with credit card payments, your financial information will always be linked with your bankroll.
Growing Credit Card Debt
Aside from the inherent risks of gambling, gambling with credit cards means you’re accruing interest in most cases. And with large gambling deposits, you could quickly go into debt when your card statement arrives larger than you expected.
Less Commonly Accepted
Furthermore, you should be aware that betting sites usually don’t accept AMEX as often as they accept Visa and MasterCard. It’s also very rare to find a betting site that takes American Express as a valid withdrawal method.
Banking Method Alternatives
So, is it worth it to use American Express at offshore gambling sites?
Upon further research, it seems like AMEX has more drawbacks than it does advantages.
It’s not the most private or widely accepted method, and you’re more likely to pay more for American Express deposits.
Visa or MasterCard
If you really want to use a credit card at offshore sites, though, we’d recommend using Visa or MasterCard instead.
Alternatively, we would also recommend using Bitcoin to deposit and enjoy no fees and the fastest payouts – usually within 24 hours.
There's also bigger bonuses on Bitcoin deposits and no limit on how many deposits you can make. Take a look at our best Bitcoin sports betting sites.
Keep in mind these pros and cons of gambling sites that accept American Express transactions.
You may want to find a backup or alternative deposit and withdrawal method. AMEX is not the best option on the market when compared to other accepted methods.
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