Advantages and Disadvantages of Venmo, and Much MoreĪs you’re going to see, Venmo is certainly one of the more atypical deposit options we cover here.However, that doesn’t entirely mean that you can’t use your Venmo account to bet online.Įven if you don’t use it directly, there are some ways your Venmo account can come in useful for online gambling – and we’re here to explain exactly what they are. When you open up your cashier, don’t expect to see Venmo listed as an option alongside credit and debit cards, bank transfers, PayPal, Neteller, Bitcoin and all the rest. While exceptionally convenient for this kind of personal transaction, Venmo sportsbooks are a different story.īoth in the United States and around the world, sportsbooks do not accept Venmo as a payment option – at least in the traditional sense. Gone are the days of IOUs or having to wait to see your buddy before handing them a wad of cash to settle a casual loan – Venmo lets you pay people with just a couple of clicks on your phone. Venmo is the most modern and convenient way for friends to send each other money.
