Home Betting Guides What Payment Methods are Accepted for Online Sportsbooks In New Jersey?

What Payment Methods are Accepted for Online Sportsbooks In New Jersey?

Depositing and withdrawing funds from NJ Sportsbooks doesn’t always happen instantly, but it is getting easier, cheaper, and easier to do with modern technologies continuing to evolve. In this betting guide article, we will go through some of the available payment methods in New Jersey so that you can make your mind when considering options.

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What Payment Methods are Available for NJ Sportsbooks?

Although payment options are not as extensive as some of the best off-shore international competitors, the New Jersey sportsbook industry has moved rapidly since it was legalized, and it does offer already a pretty good range of deposit methods. Most of the established NJ sportsbook will allow their customers to make deposits by credit cards, Neteller, Skrill, Paypal, Bank transfers, wire transfers, ACH (eCheck), guaranteed check payments, pre-paid cards, hard cash paid to Pay-near-me stations at 7/11s or the cashiers of Casinos or Race Course associated with them. Some sportsbooks are even accepting Bitcoin deposits with this number that is likely to grow further in recent times. 

It is important to note that withdrawals methods are still fewer than for deposits, although options are also increasing for those types of transactions. Below you will find a comprehensive list of deposit and withdrawal methods accepted by the major New Jersey sportsbooks. 

DEPOSIT METHODS

Credit and debit cards

Depositing via credit and debit cards is one of the quickest and easiest ways to make sportsbook deposits and are widely accepted by all New Jersey sportsbooks. 

Prepaid cards

Prepaid cards are another convenient, safe and fast way to make deposits into New Jersey sportsbooks accounts. Many NJ sportsbooks offer those to their customers, and all you need to do is load the cards with funds and then make deposits to the sportsbooks from it. 

PayPal

PayPal is an online e-wallet system that allows customers to make fast money transfers around the world. Most New Jersey sportsbooks accept this popular payment type, which is a safe and fast alternative to the most traditional payment methods. 

ACH (eCheck)

ACH, also known as eCheck, stands for the ‘Automated Clearing House’. By using this method, you can transfer funds from your bank account to a halfway clearinghouse. After that, the funds are transferred to the sportsbook of your preference. All NJ sportsbooks offer it, and it is a trusted and fast method to get your money ready for your wagers. 

Neteller

Similarly to Paypal, Neteller is an electronic money waller service that allows you to make deposits into sportsbooks and also make other payments online. The majority of New Jersey sportsbooks accept Neteller deposits. 

Skrill

Skrill is an e-money service similar to Neteller and Paypal that allows making payments worldwide by acting as a middleman. However, new Jersey sportsbooks do not as widely use it compared with Neteller. 

Bank Transfer

A bank transfer (EFT) is a traditional way of making deposits with the funds transferred directly from one bank account to another without an intermediary. Transfers, in this case, are not immediate and could take up to three days to go through. All NJ sportsbooks accept this deposit method. 

Wire Transfers

A wire transfer is another way of transferring funds online, and it is usually done by one back to another via a third party. It is safe and quick, but many New Jersey sportsbooks do not adopt it as yet. 

Cashier cage payments

Deposits can also be made in cash to the cashier cages or betting windows if you go to the various brick and mortar casinos or racecourse betting lounges that partner with the New Jersey online Sportsbooks. All New Jersey sportsbooks widely accept this payment method. 

PayNearMe

This is a convenient way of making over-the-counter and out-of-town cash deposits in New Jersey, where you don’t have casinos or racecourses nearby. Simply visit any handy 7/11 convenience store and use the PayNearMe system to make your deposit. You can ask in the shop or your Sportsbook’s customer support team for any information about this method. 

Bank Draft, Bank Check or Cashier’s Check

These paper checks are guaranteed by a bank and are reserved for special customers who can afford higher minimum deposits, usually starting at around $500. 

Bitcoin deposits

Not many New Jersey Sportsbooks accept Bitcoins at this stage, but some do and will convert the amount into US dollars. 

WITHDRAWAL METHODS

The Withdrawal options available with New Jersey Sportsbooks are less compared with Deposit options. In most situations, the ways to withdraw funds from Online Sportsbooks are as follow: 

Paper Checks

With this payment method, the New Jersey Sportsbook will you a check by post or courier. This is a very traditional method and does have delays, especially when it relies on the postal service. 

Cash payments

NJ Sportsbooks are keen to make cash payments from the cashier cages. This also includes partnering casinos and racecourse betting lounges. The main advantage of this method is that it is immediate. 

Prepaid Cards

Some NJ Sportsbooks offer the option to withdraw funds from the Pre-paid cards that they have given you. Those cards are usually issued by a bank and allow you to withdraw funds at an ATM or spend them in selected retail shops or associated casinos and hotels. 

PayPal, eCheck Neteller or Skrill  

If you have used some of those methods to deposit into an NJ sportsbook, you can typically use those same methods to make withdrawals. 

Please remember that all New Jersey sportsbooks offer different deposit and withdrawal methods. So before making any financial transaction, do check the options provided by your chosen sportsbook at a given time. Those are available either on the sportsbooks websites, or you can ask their customer support teams. 

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John was born and raised in London, John has always been in love with American sports. He started to write football articles back in 2006 on his own blog and has also worked for several newspapers. John other passion was betting and has worked as a trader for several top sports book in the UK. As sports trader and has joined leading UK betting tipping site BettingTips4You in 2013 and he is now head of content. He has a great passion for US Sports so hasn't wasted the opportunity to write also for NewJerseySafeBetting, now that online sportsbetting has been legalized in the state.