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Online casinos are continuously adopting new methods of payment to accommodate the needs of wider audiences. It is exciting to think about what the future of gaming holds in terms of this socially acceptable way of making deposits and withdrawals in the best US online casinos.

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Venmo is an online payment application established in 2009 and acquired by PayPal in 2013. While PayPal and Venmo are both digital wallets, PayPal can be used for business transactions, whereas Venmo is for personal use. What makes Venmo different from other digital wallets is that it adds a component of social media to making transactions. Users can make comments on transactions if they choose to, adding an element of social interaction.

The payment method was originally used as a means for friends to split payments or pay each other back; however, Venmo has evolved since then. Today, Venmo can send money and make purchases at approved merchants. Users can transfer money to and from their Venmo account in a matter of secondsusing a mobile device.

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Depositing at online casinos that accept Venmo will follow the same process as most digital methods that allow players to make deposits online. There might be slight differences in the process from casino to casino, but generally, the steps to follow are:

  • Download the Venmo application to your mobile device;
  • Open a Venmo account and verify your identity;
  • Link a debit or credit card to your Venmo account by following the instructions;
  • Navigate to the deposit area at your favorite casino;
  • Select Venmo and follow the instructions given by the online casino.

Players playing at a casino that does not offer Venmo as a payment method will not see it as a deposit option in the banking or cashier area. If this is the case, players can choose a different payment method or search for an online casino that offers Venmo.

Venmo Deposit Fees

Venmo does not impose monthly fees or transfer fees when players send money using the Venmo balance, debit card, prepaid card, or bank balance. However, there is a 3% surcharge that applies to credit cards. Card companies impose this fee. The transactions are free when sending or receiving money with the Venmo app on a mobile device.

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Venmo online casinos will each have their own withdrawal timeframes depending on the casino’s processing times. The average time to receive a withdrawal after payment has been cleared and released by the casino ranges between one and three business days.

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The practical aspects of using Venmo as a payment method are that all users need a phone number, a mobile app, and a linked account.

The drawback is that there are not currently many online casinos that accept Venmo. Many merchants adopt the Venmo payment method, which will probably lead to many Venmo online casinos shortly. In the meantime, many online casinos accept PayPal.

While the number of online casinos that accept Venmo is few, we can list a few fantastic online gambling hubs that offer players some phenomenal benefits and plenty of alternatives reliable payment methods.

No. Online Casino Venmo Deposit Venmo Cashout
1 Gambino Slots Yes Yes
2 DraftKings Yes Yes
3 FanDuel Yes Yes
4 Monkey Knife Fight Yes Yes

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There are advantages and disadvantages to every payment method – here are some of the ones we think are the most important.

  • Secure Transactions
  • Optimised for mobile
  • Low fees
  • Only available in the USA
  • Transaction limits

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As with any payment method, the bonuses offered will be specific to the online casino. There are many fantastic bonuses that players can take advantage of whether they are using Venmo or a different payment method.

Casinos that offer bonuses for using Venmo as a payment method will be doing so to promote the payment method and the brand. In general, bonuses can be taken up regardless of which payment method a player uses.

Players must read the terms of a bonus or promotion to ensure that Venmo or any other payment method that they choose is not excluded from receiving the promotion. Players who have opted in for a deposit bonus should always check their balances to ensure that any bonus funds or spins have been added correctly.

If there is a problem with adding the bonus, players should contact the support team immediately. This needs to be done before any bets are made.

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Venmo has several ways to get in touch for their help. You can message them through their contact form; you can chat in the mobile app directly and call them. The details to get in touch with them are below.

  • In-app chat – M-F 7am-1am EST; S-S 9am-11pm EST
  • Phone – (855) 812-4430; M-F 10am-6pm EST

There are alternative methods of getting in touch with them if you use a Venmo Visa Credit Card or Mastercard Debit Card. These can be found on their contact page.

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A few different payment methods will feel familiar to someone using Venmo. Here are the ones we think are great.

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Venmo is a subsidiary of PayPal, one of the most reliable online payment methods available. Casinos that use Venmo are considered trustworthy due to their resources in adopting the payment method. The transactions are safe and secure as they are fully encrypted, and the withdrawals are usually transferred without delay.

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While using Venmo to play at online casinos is still in its early stages, the number of online casinos that accept Venmo will soon surge. Venmo has made a concerted effort to increase the number of merchants that accept the payment method.

Using Venmo to gamble will likely add a social element to the process of gaming online, which many players will enjoy. Friends in a player’s social networks will be able to view any deposits and withdrawals made at an online casino and will be able to comment on the transactions.

Receiving a congratulatory message on a withdrawal might appeal to some players; however, privacy settings can be set to suit each player’s preference.

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Venmo has its main headquarters in New York and has additional offices in Chicago and San Francisco. The company is a subsidiary of PayPal and falls under the same license. It is licensed through PayPal’s licenses inall 50 states,with each state having a different license body.

The full list of Venmo's state licenses can be found on their US licenses page. The address of the head office in New York can be found at 95 Morton Street Floor 5 New York, NY 10014 United States:

スケルトン 天井 FAQs

Have a few more burning questions about Venmo? Check out our most frequently asked ones below.

Can I use Venmo at online casinos?

Yes, you can top up your account at a casino using Venmo. Check that the casino accepts card or ewallet payments and Venmo should be accepted.

Is Venmo free to use to gamble?

Yes. All Venmo transactions are free when using the mobile application, provided that a credit card balance is not being used to make a deposit. In this case a 3% fee may be imposed by the credit card company. There are no monthly charges for Venmo users.

Which countries accept Venmo?

Venmo is accepted in the USA and is currently only offered to US residents.
Giuseppe Faraone
Author & Online Gambling Expert Giuseppe Faraone verified symbol
Based in Valencia, Spain, Giuseppe gave up Milan for sunny shores. New licenses, new casinos, new bonuses, new games - there's always something to write about. Being so close to the action in the gambling industry, he's on top of any new developments the minute they come through the door. Aiming to deliver updates and comprehensive information to you, he does his best to test out and rate what he reviews thoroughly. Giuseppe is also a book writer. In October 2022, he published his first book called The Untold Story of Online Gambling, available on Amazon.
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