Zelle Pay For Sportsbook Bitcoin Deposits
For bettors 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.
All of this takes a long time, and sports bets wait for no one. For US bettors, that’s where the Zelle to Bitcoin alternative comes in, as one of the quickest online sports betting banking options available. While Zelle money transfers do not directly fund any kind of sports betting, being able to purchase Bitcoin using Zelle simplifies the entire process.
If you want to expedite the process of buying Bitcoin, you can do so with Zelle, an instant-pay money transfer service. To learn more about using Zelle Pay for sportsbook Bitcoin deposits, our short guide explains the entire Zelle to Bitcoin process so you can wager on tonight’s game instead of waiting to bet on next week’s action.
Best Online Sportsbooks Accepting Zelle-Bitcoin Payments
At this time, Bovada is the only online sportsbook offering direct support for Zelle to Bitcoin through its banking suite interface. However, using the instructions a little further down on the page, you can use Zelle at any of our recommended sportsbooks.
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What Is Zelle?
Zelle is an instant pay service – sort of 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 Zelle 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 the Zelle app for iPhone or Android, set up a Zelle account, and use it just as you would any other money-transfer service.
While PayPal and its Venmo subsidiary are global and Zelle is US-only, far more money has been sent with Zelle since the service’s inception. In just the first six months of 2020, Zelle users transferred $133 billion across 519 million transactions, representing year-over-growth of better than 60%.
PayPal may have the name, but Zelle has the money. And by using Zelle, your sportsbook can have the money, too!
How Does Zelle Work?
Zelle works like any other peer-to-peer payment service. That is, if you know how to send money with PayPal, you know how to send money with Zelle.
In most cases, your Zelle account is already linked to your checking or savings account, and you simply use your bank’s online portal (via your banking app or the Zelle app itself) to send money to another user’s unique Zelle address.
There are no added fees for using Zelle transfer technology, and your recipient will receive the sent funds in full within only a few minutes at most. Just remember, to use Zelle, both you and your intended recipient must be signed up with the service, and the service is USA only.
In other words, you cannot use Zelle to make international payments. But if that’s the case, then how can you use Zelle to fund your international sports betting account?
Fortunately, it’s easy, and we cover that in the next section.
How To Buy Bitcoin With Zelle
The reason that Zelle is such a popular sportsbook bet funding method is because it allows you to purchase Bitcoin (BTC) quickly from private sellers on the LocalBitcoins exchange.
Bitcoin is the best way to move money into and out of your sports betting site of choice, as all offshore operators favor the 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.
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 LocalBitcoins.com. LocalBitcoins is a safe, secure, industry-leading private BTC exchange.
- Using LocalBitcoins, you can easily search for BTC sellers that accept Zelle Pay transactions. Simply select a seller, and then follow the provided instructions for using Zelle to send your funds to LocalBitcoins’ escrow account.
- LocalBitcoins will hold your Zelle payment until your BTC seller releases the requisite amount of Bitcoin to the site’s escrow service. At this point, the seller will receive your funds, and you will receive your BTC, which is sent to your LocalBitcoins wallet. Thanks to this escrow system, LocalBitcoins ensures that no seller can commit Zelle fraud and leave you without your BTC.
- 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.
Note: Some sportsbook operators, like Bovada, actually have a Zelle page accessible via the site cashier portal, which will walk you through the Zelle-to-BTC process step-by-step. However, if you follow the instructions above, you can use Zelle to quickly acquire BTC for use at any reputable offshore sportsbook. If you are looking for a similar deposit option and wish to keep your Zelle account separate, see our Stellar sports deposits page.
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
- 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.
Zelle Support Information
You can contact Zelle customer service in several ways.
The official Zelle site offers a robust FAQ section that will answer most questions, and their telephone help line is open seven days a week (10:00 AM – 10:00 PM).
You can also fill out an online form at the Support Contact link below.
- Zelle Support Contact: https://www.zellepay.com/support/contact
- Zelle Phone Number: 844-428-8542
Because Zelle is fundamentally tied to LocalBitcoins.com when using the service to buy BTC to fund your legal sports betting account, a brief description and review of the LocalBitcoins service is in order.
LocalBitcoins is one of the most established and reputable Bitcoin exchanges on the Internet, first launched in 2012. The Helsinki, Finland-based company is active in over 200 countries, allowing anyone – including US and international sports bettors and online gamblers – to purchase BTC quickly and easily from private sellers, bypassing lengthy waiting times that large corporate exchanges require.
Buying BTC with Zelle (and other money-transfer services, depending on your country of residence) is simple, straightforward, and guaranteed, thanks to LocalBitcoins’ ingenious escrow system that prevents Zelle scams and other transaction fraud.
While several developers make LocalBitcoins apps using the platform’s open API, the company itself has no official app, and we recommend using the website for all transactions.
Zelle Bet Funding FAQs
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.
Zelle works 24/7/365. You can use Zelle to purchase Bitcoin from LocalBitcoins – or purchase goods and services from any entity that accepts Zelle – anytime day or night. For Zelle customer service hours, please see the Zelle Support section above.
No. You may only send money with Zelle to other US-based recipients. If they are already signed up with the service, the payments will transfer almost instantly.
However, if your recipient is not a member, they will receive a notice inviting them to sign up with Zelle to claim the payment. If they decline to do so, the money will be returned to your bank account or Zelle app account.
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 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.
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 you use LocalBitcoins to buy Bitcoin from private sellers via the Zelle-to-BTC process, you can trust LocalBitcoins to guarantee that your payment will go through and you will receive your cryptocurrency ASAP.
This is covered in detail above, but all the major USA-based banks and financial institutions use Zelle. In addition to more than 100 national banks, more than 400 smaller local banks and credit unions also use the service.
You can check to see if your financial institution supports Zelle by logging into your online banking portal or calling your bank/CU helpline.
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.
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.
However, when you are gambling online with an offshore sports betting site, you will never receive payouts via Zelle, as international operators are not able to use the service.
Absolutely. For online sports bettors, the entire purpose of using Zelle is to purchase Bitcoin via LocalBitcoins.com, which can then be deposited at overseas betting sites virtually instantly.
LocalBitcoins is a reputable private BTC exchange in good standing, and it has been serving customers in over 200 countries since its founding in 2012.
Yes! When you use LocalBitcoins, you will have your BTC sent to (or sent from, if you’re a seller) your LocalBitcoins wallet.
This is a web wallet, and regardless of whether or not you have another Bitcoin wallet, it is recommended that you use LocalBitcoins’ BTC wallet to take full advantage of the company’s transaction guarantees.
SportsBetting.legal is not associated with Zelle or its subsidiaries in any way, shape, or form. The information on this page is not sponsored by Zelle and is intended to serve solely as a guide to our audience on how to use Zelle to purchase Bitcoin and then fund your online sportsbook account using the Bitcoin purchased.
This information does not state or imply that Zelle is directly involved with or supports sports betting or any other form of gambling. As per the information provided on this page, Zelle money transfers are not used to directly fund any online gambling but rather are used to purchase Bitcoin that is in turn sent to the sportsbook.