Updated: Nov 17, 2022
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Most online sportsbooks in the United States provide a traditional wagering format where players are betting against the house.
Not Prophet Exchange. This service offers players a new way of betting with peer-to-peer wagering. It’s a unique concept and changes the experience.
When trying out Prophet Exchange, players need to understand how the banking process works. That’s where we come in.
Below you will find a simple guide on the banking process of the online sports betting site. Review how to make a deposit and withdrawal and available banking methods.
Once you know your options, visit the site and set up a new account to get started betting against fellow sports fans for a completely different wagering experience.
How To Make A Deposit At Prophet Exchange
The depositing process is simple via mobile or desktop devices. Below we will detail how to add funds with both options.
- Sign up and log into your Prophet Exchange account.
- Click on the Account tab.
- Choose deposit and enter the amount you wish to add.
- Select a payment method and click deposit to complete the transaction!
- Sign up to Prophet Exchange on your desktop and log in.
- Select Deposit within your account or click on the Balance section.
- Enter the amount you wish to add.
- Select a payment method via the dropdown menu.
- Choose a deposit, and the transaction will finish up.
The one drawback to Prophet Exchange is its low number of payment methods.
The site does not provide a strong selection of options for bettors. While the methods provided are secure and commonly used by sports bettors, it’s nice to have more than three or four options to pick from.
Below are examples of what you will find and what is lacking via the operator.
Mastercard & Visa
Prophet Exchange does not currently accept debit or credit cards, including Visa and MasterCard.
This is another payment method that Prophet Exchange does not provide.
Prophet Exchange does accept PayPal for deposits and withdrawals. It is one of the quickest ways to add and receive funds.
The site recommends that players who would normally use a credit or debit card to fund a PayPal account with the card then use the online account for sports betting banking.
This service is normally offered at online sportsbooks, but not Prophet Exchange.
The sportsbook does not offer Skrill at this time.
Physical Location / Cash Cage
Deposits and withdrawals can be completed via the Harrah’s Casino Atlantic City cash cage.
Players in the area can visit the casino, but certain steps must be taken to utilize this method. Deposits and withdrawals are completed from 10 am to 12 am EST.
Players must contact support before visiting the casino to add or remove funds. Please do not visit the casino first, as this will affect how long it takes to complete a transaction.
VIP Preferred e-Check
VIP preferred is not an option currently, though players can access an online banking option via Trustly.
Use your bank account to add or remove funds with the Trustly service. Several banks are open to Trustly services, including Chase, Bank of America, TD Bank, and Wells Fargo.
Deposit Bonuses Offers
Prophet Exchange is only offering services in New Jersey at this time but plans to branch out to other states.
For new players to NJ, the site offers a risk-free matched bet bonus. This deal is good for up to $250 when players create a new account.
The bonus is a great way to boost your initial deposit, so you have more to wager with!
How To Make A Withdrawal At Prophet Exchange
- Log in to your Prophet Exchange account.
- Click on the cashier or balance and select withdrawal.
- Choose a payment method and enter the amount you wish to remove.
- Complete the transaction based on the directions of the site.
- You should receive your funds immediately or within a few days based on your chosen method.
If you wish to withdraw via the Harrah’s Casino in Atlantic City, there are additional steps to take.
Players need to contact support at 1-866-686-0377 and confirm the withdrawal amount. Around an hour is needed to process the request.
Once it is processed, an email is sent to your address on file. You can then visit Harrah’s and provide a government ID to receive the payment.
Advice On Managing Your Bankroll
Now that you know what payment options are offered at Prophet Exchange let’s discuss your bankroll.
To get the most out of the peer-to-peer sports betting at the brand, it is important to learn how to manage your money.
Below we will offer a few quick tips to help you stretch your budget further as you enjoy the wagering options at the site.
- Set a Budget: One of the first steps we recommend is that you set a budget for your betting. Deposit only what you are prepared to spend and keep your bets in line with this amount. Don’t wager more than you can afford. If you add more funds regularly to bet over your set amount, it’s time to take a break.
- Track Your Results: It is also important to track your results. Do you win more with moneylines or spread bets? Create a spreadsheet if you want to get serious and see what works best for you then keep it up! By reviewing the outcome of your wagers, you can learn more about what you are good at.
- Consider Promotions: Another option is to consider utilizing promotions. Most online sportsbooks offer welcome deals and additional promotions for existing players. Check out the wagering requirements of any new deals offered within a sportsbook to see if the deal is worth taking. You may be able to add a little extra cushion to your bankroll with bonus cash.
Players can reach customer service at Prophet Exchange in several ways.
We recommend live chat, as it is the quickest option for contact. The site also offers email support with email@example.com.
The contact page is also helpful and can be found at https://prophetexchange.com/contact/.
RatingGet Risk Free Matched Bet Up To $250