There are four main ways you can fund an account at BetOnline. You can use your Visa credit/debit card (note: for some reason they do not take Mastercard), but you will have to fill out some identity verification forms, which isn’t necessarily a bad thing, but it will take you some extra time to fund your account. Once you are verified, transfers can be made instantly. You can also use a direct money transfer using a money transfer service, you just need to contact their customer support to find out which companies are accepted at any given time. You can also sent a cashier’s check via UPS, FedEx or any other overnight carrier, but be careful not to send a personal check as this will not be accepted. Delivery usually takes between 2-4 days to complete and funds will be added to your account at that time. For this option you will need to contact their customer service team and provide them with the tracking number for the delivery so they will be ready for it. Your fourth and final option for funding your BetOnline account is via wire transfer. This is a pretty easy process, however, if you’ve never done a wire transfer before, you will need to obtain all of your banks pertinent information before setting the wire up. BetOnline will gladly provide you with instructions of how to complete a wire with them if you contact their customer service staff. Wire fees are covered by BetOnline as long as you make a deposit of $300 or more.
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For the fastest payouts you’ll want to use BetOnline’s wire transfer options. You will be responsible for all wire fees for the payout, which vary depending on the amount, but you’ll have the funds in 12-36 hours. You can also request a check to be sent to your mailing address. This takes between 2 and 10 business days and there is a flat check fee of $50 per request. It’s unfortunate that BetOnline does not offer any free payout methods, but more and more you are finding that books will charge you to pull your money out of their site, basically so you are less likely to do it.
BetOnline offers a basic FAQ for general questions, and you can contact them on the phone, via their live chat program, or through e-mail for answers to your more detailed questions.
BetOnline’s bonus program is different from any other sportsbook I’ve reviewed in that they will increase your bonus percentage based on the amount you make with your initial deposit. If you drop in between $100-$299.00 you’ll get a 10% free play bonus, for $300-$499.00 it’s 15%, if you deposit between $500-$999 they will give you a 25% cash bonus, for $1,000 to $2,000 members receive a 35% bonus, and any deposit over $2,000 will enjoy a 45% bonus. It’s great that this book rewards you for depositing with more money with them, so far this is the only online sportsbook I know that offers such a bonus to their members. Just be sure to check their rollover requirements so you know what to expect.