FanDuel Sportsbook Deposits & Withdrawals

Eric Kithinji

Updated: Nov 9, 2022

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The mark of any great sportsbook is a variety of features; this includes numerous quick and efficient banking methods.

Many bettors may overlook this feature, but you have to remember that if you go for a sportsbook with limited payment options, you’ll have a hard time accessing your funds.

In FanDuel’s case, banking has been given top priority. Deposits are quick and instant, and you can choose your preferred mode of payment from a variety of available payment options.

We’ll go through most of the payment methods that bettors can use on the FanDuel sportsbook as well as how to withdraw and deposit your funds on the site.

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How To Make An Online Sportsbook Deposit At FanDuel

If you want to fund your FanDuel betting account, ensure that you follow these simple steps:

  1. Sign up for the sportsbook.
  2. Head over to the account section, then click on add funds.
  3. Choose your deposit method.
  4. Enter the amount you wish to deposit.
  5. Follow any additional instructions.
  6. Confirm the deposit. Once the money reflects in your account balance, you can begin wagering.

Payment Methods

Having constant access to your funds is an extremely crucial factor. That’s why it’s always important to look at the available payment methods that a sportsbook lists.

By doing this, you’ll be able to see whether the listed methods are favorable to you or if you’ll have a hard time depositing and withdrawing your funds.

For that reason, we’re going to look at some of the payment methods that are highly prioritized by bettors.

Mastercard & Visa

You probably already use debit and credit cards in your everyday activities. Thankfully, you can also use your Mastercard or Visa card as a payment method at FanDuel.

One thing to note is that you may need to contact your bank first since some banking institutions do not process gambling-related transactions.

American Express

American Express is another popular alternative to Mastercard and Visa. Sadly, FanDuel’s payment processor currently doesn’t accept American Express, but the sportsbook states that you can use your card through PayPal to fund your betting account.

PayPal

As we’ve mentioned in the above section, you can use your PayPal account to fund your betting exploits on FanDuel. You can use funds from your PayPal balance or use a linked bank account to deposit funds to FanDuel through PayPal.

One great thing about PayPal is that you can also use it as a withdrawal method. The only restriction is that you need to have used PayPal in the past as a deposit method.

ACH

On FanDuel, bettors can fund and withdraw from their betting accounts using an ACH transfer. To process transactions this way, you’ll need to link your bank account.

A few details will be needed to set up this payment method, including your bank account number, your financial institution’s routing no, plus a verified identification card.

Setting this up should be easy. Once done, you can draw funds directly from your sports betting account to your checking account. What could be more convenient than this?

Worth noting is that ACH and eCheck transactions often refer to the same thing. So you shouldn’t get confused if you see either of these financial terms.

Venmo

Venmo is not really considered an official payment method, and that’s why many online sportsbooks don’t use it to process payments.

Luckily, FanDuel is one of the few that lets you transact using Venmo.

You can also use the Venmo Mastercard — a debit card linked to your Venmo account that functions just like any other typical debit card.

Cash App

Again, Cash App isn’t an official payment method, so you won’t be able to use it at FanDuel Sportsbook.

Just like Venmo, you could try using Cash App’s Visa card.

PayNearMe

If online banking or credit cards aren’t your cup of tea, you can fund your betting account with cash by using PayNearMe.

All you need to do is head over to the deposit section on FanDuel, select PayNearMe, and generate a barcode. Next, take this barcode to a 7-Eleven, Family Dollar, CVS Pharmacy, or any other local store that has partnered with PayNearMe.

This payment method has a daily limit of $500 and a $10,000 limit within a thirty-day period, so keep that in mind if you plan to use PayNearMe.

Skrill

Skrill is a popular e-wallet that bears many similarities to PayPal. Though it’s accepted by many other sportsbooks and casinos, FanDuel currently doesn’t accept Skrill as a payment method.

Physical Location Or Cash Cage

In each state that FanDuel operates in, the sportsbook has a land-based partner. This means that you can easily fund your betting account by going to a partnered casino and depositing cash at the cage.

For example, if you’re in Michigan, head over to MotorCity Casino and fund your betting account by depositing cash at the counter.

VIP Preferred e-Check

You can also fund your betting account by drawing funds directly from your checking account. To use this payment method, you need to provide your routing number, a verified identification card, and a bank account number.

Deposit Bonus Offers

New bettors who create a FanDuel betting account can enjoy the following one of the welcome offers: A $1,000 Risk-Free Bet.

This simply means that the first-ever wager that you place on FanDuel will be insured. So if you lose this wager, you’ll be given a bonus worth the same amount as your first bet.

As per the terms of the bonus, the maximum refund that you can receive is $1,000. Also, if you win your initial wager, you won’t qualify for a bonus refund since you haven’t suffered any loss in such a situation.

How To Make An Online Sportsbook Withdrawal At FanDuel

It’s very easy to withdraw your winnings from FanDuel. To ensure that you get your hands on your funds, simply follow this straightforward procedure:

  1. Open the app and log in.
  2. Go to the account section and click on Withdraw Funds.
  3. Choose the method that you want to use to receive your funds.
  4. Enter the exact amount that you would like to receive.
  5. Follow any other instructions.
  6. Once you’ve finalized the withdrawal, FanDuel will send you a notification.

FanDuel Sportsbook Payout Time

Have you ever wondered “How long does FanDuel take to payout?”.

Each withdrawal method has a different duration. Here’s how long withdrawals take on average to process:

Withdrawal MethodWithdrawal TimeMinimum WIthdrawal
Bank Transfer (ACH)3 – 5 business days$20
CashInstant$20
PayPal12-24 hours$20
Couriered Check7-10 business days$20

Advice On Managing Your Bankroll

If you’re new to sports betting and are unaware of what a bankroll is, this is simply the amount that a bettor sets aside for betting purposes.

If you want to be successful in sports betting, you need to know how to manage your bankroll. This may seem elementary, but the truth is that many bettors struggle when it comes to bankroll management.

If you also struggle with your betting finances, don’t worry, you’ve landed on the right page. Here are three tips that will help you manage your bankroll.

Keep Your Bankroll Separate

Once you’ve calculated the amount that you can use for betting purposes, you should set this money aside. By doing so, you’ll be able to accurately calculate your unit size, and you’ll also avoid the temptation of using personal funds that aren’t meant for betting.

Don’t Let Your Emotions Deceive You

If you’re under a surge of emotions, it’s best to cool down instead of letting your emotions get the better of you.

The most common scenario is betting when you’re angry because of an unfortunate loss or after a string of losses. In such situations, your emotions can falsely lead you to risk an amount that you can’t afford to lose. If you fall for this temptation, you may end up causing irreversible damage to your bankroll.

Always Track Your Bets

If you track your bets, you’ll be aware of all your betting habits, both good and bad. Once you know this, you can come up with a betting system that focuses on your strengths and ditches the weaknesses.

Customer Service

If you ever encounter any problems when you’re depositing or withdrawing your funds, there are various avenues that you can turn to on FanDuel to seek help.

Firstly, you can check the site’s detailed FAQ page, which will most likely have the answer that you’re looking for. Apart from that, you can use the site’s live chat tool.

You can also reach the customer support team through phone or via email.

About the author

Placed his first sports wager shortly after high school, and has been involved in this whirlwind of the industry since then. Fan of most of the maj...

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