Yes! Zelle is a free service offered by your bank (or the Zelle Pay app). While banks may institute a Zelle fee at some future time, the platform has not charged its users to date.

Zelle Pay For Sportsbook Deposits

More versatile than PayPal betting and Venmo betting
Use with sportsbook vouchers and/or MatchPay at Bovada LV
Buy Bitcoin via an online exchange for the BEST BONUSES!

For depositors who haven’t used Bitcoin (BTC) to fund their legal sports gambling accounts, the barriers to entry might seem daunting. First, you have to buy Bitcoin. Then, you have to wait for days or weeks to gain access to it. After that, you need a Bitcoin wallet to get it off the exchanges safely and securely. Finally, once all that’s done, you’re able to send it to your online sportsbook of choice.

For US bettors, that’s where the Bitcoin alternative comes in as one of the quickest online sportsbook banking options available. While Zelle money transfers do not directly fund any kind of sports betting, being able to purchase Bitcoin using their services simplifies the entire process.

To learn more about using Zelle Pay for sportsbook Bitcoin deposits, our short guide explains the entire process so you can wager on tonight’s game instead of waiting to wager on next week’s action. Additionally, we'll show you two alternative deposit methods – vouchers and MatchPay – which allow you to use Zelle Pay to buy other members' account balances and sell your own for same-day payouts!

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What Is Zelle?

Zelle mobile banking Zelle is an instant pay service – much like PayPal or Venmo – that was designed by a consortium of the biggest banks in the US to make rapid money transfers to individuals and businesses more streamlined.

Because it works with over 100 major financial institutions (and many hundreds of smaller ones), you likely already have access to the platform right inside your banking app or online banking portal. However, even if you don’t, you can download their app for iPhone or Android, set up an account, and use it just as you would any other money-transfer service.

By using Zelle, you can have the money and access to some of the fastest-paying sportsbook funding and withdrawal options!

How Does Zelle Work?

Zelle works like any other peer-to-peer payment service. In most cases, your account is already linked to your checking or savings account, and you simply use your bank’s online portal to send money to another user’s unique address.

There are no added fees for using their transfer technology, and your recipient will receive the sent funds in full within only a few minutes at most. You cannot use Zelle to make international payments, but you can use it to fund your international sportsbook account, and we let you know how in the next sections.

How To Buy Bitcoin With Zelle

One reason that Zelle is such a popular sportsbook bet funding method is that it allows you to purchase Bitcoin (BTC) quickly from private sellers.

Bitcoin is the best way to move money into and out of your sports betting site of choice, as all offshore operators favor cryptocurrency above every other banking option.

Bitcoin carries no transfer fees, grants sportsbook members the best deposit bonuses, features low minimum and high maximum deposit limits, and is the only way to claim same-day payouts from all the best legal betting sites.

Of course, to get paid out with BTC, you must deposit with BTC, and if you go through a typical exchange like Coinbase, it can take as many as 10 days to receive your Bitcoin before you can even send it to your bookie. When you want to bet on tonight’s ballgame – or even this week’s ballgame – that’s hardly a viable option. But with Zelle, this problem is solved.

Zelle-To-BTC Instructions

Just follow these basic instructions, and you can buy Bitcoin with Zelle – and send that Bitcoin to your favorite sportsbook – in mere minutes instead of weeks:

Check your online banking app to see if Zelle is supported. If it is, you’re ready for the next step. If it’s not, you can initiate a Zelle app download for your iPhone (via the App Store) or your Android device (via Google Play), following the account setup instructions.
Set up a free account at a private BTC exchange.
Search for BTC sellers that accept Zelle Pay transactions. Simply select a seller and then follow the provided instructions to send your funds to an escrow account.
Once you have your BTC, simply navigate to your online sportsbook, select the Bitcoin deposit option, choose any bonuses that suit your needs, and send your BTC to the address provided by the book.
As soon as this transfer goes through, you will have the full BTC amount credited to your account in USD, with which you can immediately bet on sports for real money.

How To Make Sports Betting Voucher Deposits With Zelle

Zelle Pay can be used to rapidly buy Bitcoin with which to deposit at your favorite online sportsbook, but it can also be used at any site that supports member-to-member voucher sales or player transfers.

Vouchers/player transfers allow site members to buy account balances from other site members in the form of voucher codes, which they can then deposit directly into their own accounts. Similarly, vouchers also allow players to sell all or part of their account balances to other members and thus claim same-day payouts with no added fees.

Best of all, sports betting vouchers are private transactions among members, meaning the voucher code sale can be concluded using Zelle or any other P2P service (PayPal, Venmo, Cash App, etc.) that they cannot accept directly.

Currently, Bovada is the only legal online sportsbook that supports vouchers. You can easily and rapidly buy Bovada Voucher codes from other players, and selling vouchers is just as simple. We expect other leading sites to adopt the Bovada Voucher or Bovada Player Transfer method soon.

How To Make MatchPay Sports Betting Deposits With Zelle

If using vouchers seems like too much trouble and you want a simplified, easy way to use Zelle for online bet funding and payouts, Bovada members have the option to use a third-party service called MatchPay. Bovada MatchPay works the same way as vouchers – that is, you use MatchPay to buy sports betting account balances of other site members with which to deposit, or you use it to sell your own gambling account balance to claim same-day payouts.

With MatchPay, however, you don't have to request voucher codes or post them for sale to claim payouts, and you don't have to hunt for voucher codes on Bovada's message boards in order to top off your account. Instead, once you sign up for the free MatchPay service and become a MatchPay Trader (which you can do right from Bovada's Cashier page), the entire process is automated.

That said, this convenience comes with a tradeoff, as MatchPay limits are much smaller than those for vouchers or player transfers. At Bovada, MatchPay comes with a $20 minimum transfer limit and a $1000 maximum transfer limit for both deposits and withdrawals.

USA Banks That Use Zelle

The official Zelle bank list is far too long to include here, though the following Zelle banks were the original supporters of the platform:

Bank of America
BB&T
Capital One
JPMorgan Chase
PNC Bank
US Bank
Wells Fargo

Zelle network partners include service providers like Visa and Mastercard, while processing partners include companies like CO-OP Financial Services, Fidelity, Fiserv, and others. Additionally, countless smaller banks and CUs also support quickpay with Zelle.

If you’re not sure whether your local bank or credit union supports Zelle Pay, please contact your financial institution for more information.

Frequently Asked Questions

Is Zelle safe?

Using Zelle is the electronic equivalent of using cash. Technologically, the Zelle platform is very safe, and your transactions will likely never be intercepted by bad actors or hackers looking to steal your funds.

Zelle is also FDIC-insured, so if anyone succeeds in initiating an unapproved transfer or manages to gain access to your transfers without authorization, you will get your money back.

However, if you initiate a Zelle transfer to another party, you cannot cancel the transaction. You have effectively given them cash money, with which they can do as they please.

It is extremely important that you trust your Zelle recipient, whether it is an individual, a service provider, or a retail store. Your bank does not monitor where you send your Zelle payments and officially disavows all transfers, so you are free to use Zelle as you see fit.

Is Zelle free?

Is Zelle instant?

Zelle is virtually instant.

Most transfers take no more than a few minutes, which is why it’s perfect for purchasing Bitcoin to deposit at your preferred legal online sports betting site.

Vouchers, player transfers, and MatchPay using Zelle may take a bit longer, but only because buyers and sellers must actually coordinate such sales on their own schedules.

In the case of MatchPay, buyers and sellers are paired automatically, making it a faster option than vouchers.

Can a Zelle payment be reversed?

No.

This is where you must exercise caution in using Zelle, as you should only send it to people you know or businesses and service providers your trust.

When using Zelle to buy betting voucher codes, it is always best to go through your sportsbook's own message boards and hosted classifieds.

You can buy voucher codes anywhere on the Internet, but if you buy them from player ads at your betting site directly, you will enjoy an extra layer of security.

With MatchPay, since the platform matches buyers and sellers automatically, everything is 100% guaranteed.

How much money can you send with Zelle?

Different banks have different Zelle limits.

For example, if you are a member of Bank of America, Zelle transfers are capped at $2500 per day. If you’re using Zelle with Capital One, the limit is $2000 per day.

You can check with your bank to confirm your Zelle daily limit.

If your bank does not yet support Zelle and you’re using an individual Zelle account for transfers, you can send $500 per week using the service.

For vouchers, Bovada currently has limits of $10 minimum and $3000 maximum.

For MatchPay, Bovada's minimum transfers are $20 and maximum transfers are $1000.

Please always double check to make sure that your Zelle limit is large enough to accommodate the account balances you intend to buy or sell via gambling vouchers or MatchPay transactions.

How do I receive money from Zelle?

As long as your bank is registered with Zelle or you have an independent Zelle account, you can receive as much money via the platform as you’re able to send on a daily basis.

Your sender simply plugs your Zelle email address into their recipient field and transfers the funds over.

However, when you're gambling online with an offshore sports betting site, you can't receive payouts via Zelle unless you sell all or part of your account balance to another member using a voucher or player transfer service such as the Bovada Voucher platform.

You can also use the Bovada MatchPay service to facilitate Zelle betting transfers.

Disclaimer: Zelle is a third-party P2P payment processor and eWallet service. Zelle does not endorse this site or any online sports betting site in any way. This page is for informational purposes only.