Venmo betting sites in South Carolina are a popular choice for bettors who are looking for a quick and secure way to gamble online. This article will cover what Venmo offers, including how it works, its pros and cons, and the FAQs.

What is Venmo?

Venmo is an e-payment system that allows the exchange of money between individuals. Currently, players outside the United States cannot use this payment service option. Additionally, Venmo has a debit card, a physical card powered by MasterCard. You can use it to make payments using your Venmo balance.

Besides, you earn cashback on your payments. You can also be able to track your transaction history. Also, Venmo gives numerous security and privacy features since it uses encryption technology to protect against unauthorized transactions.

How to deposit on an online sportsbook in SC using Venmo

Follow the guide below to deposit funds on an online sportsbook in South Carolina using Venmo.

1. Sign up for a Venmo account if you haven’t already

When signing up, you provide a piece of information that includes a phone number and email. You then set up a password. Note that creating an account is free and will only take you a few minutes. If you have an account already, initiate the deposit process. Simple!

2. Fund your account

It is the next step. Just log into your Venmo account; on the ‘money in option,’ click and indicate your credit card details as well as the amount you wish to transfer. Click ok to confirm.

3. Choose Venmo as your payment method.

Log into your betting site, visit the cashier, and choose Venmo as your deposit method to complete the deposit process. State the amount to deposit and confirm.

Gamblers should note that betting sites might need you to enter your Secure and unique ID. This unique number helps the sportsbooks confirm that you’re depositing funds to your account. Your SC online gambling account will receive funds immediately, and you can start wagering right away.

How to withdraw from an online sportsbook in SC using Venmo

Most sportsbooks in SC that accept Venmo deposits also facilitate money withdrawals. Deposit and withdrawals have all straightforward processes. You can follow the steps below to withdraw funds.

1. Choose Venmo as your withdrawal method.

The withdrawal terms and conditions for Venmo betting sites in SC vary. Always take time to read and understand these rules.

Log into your casino account and select Venmo as your preferred withdrawal method to withdraw funds. On the ‘Withdraw’ option, state the amount you wish to withdraw and confirm, you’ll receive a confirmation email, and the funds will instantly be credited to your Venmo account.

2. Withdraw your funds at an ATM or straight to your bank account from Venmo

Venmo offers physical cards that customers use to transfer money to bank accounts or use ATMs that accept it when withdrawing funds.

After moving the winnings to a Venmo account, gamblers can withdraw them at an ATM. It means they will now have the cash to use. Alternatively, they can withdraw funds straight to their bank account.

The process of withdrawing funds either at an ATM or to bank accounts is fast, secure, and easy. But, note that it takes some days.

How Venmo in South Carolina works

When customers install the Venmo app in South Carolina, create an account, and link to their credit card, debit card, or checking account, they will instantly start sending and receiving money from their sportsbooks accounts in the SC.

Venmo has a pay and request option to request and send money using an app. Then, you can enter the other party’s phone number, email, or username. If you’re the receiver, you can either keep the balance on your Venmo account or transfer the funds to your linked account as well.

In a scenario where you don’t have enough balance in your Venmo account, you can still proceed with the transaction. However, these funds that exceed your Venmo balance will be taken from your linked debit card, credit card, or checking account.

Is Venmo free?

Generally, Venmo is cost-free. It does not charge monthly or annual fees. Customers only pay a 3% transaction fee when using a credit card to send money to betting sites that accept Venmo in South Carolina. Besides, there is also a 1% fee for using the check-cashing feature for quick payroll deposits.

Customers can also incur a 5% fee for using the check-cashing feature for faster deposits of non-0payroll. Lastly, Customers can pay a 1.5% fee for prompt transfer of funds from their Venmo accounts to their linked debit and bank accounts. There is also a fee between 50 cents to 2.3% when you buy and sell cryptocurrencies using Venmo.

Venmo limit transfers

Venmo limits how much money you can transfer weekly. Therefore, every transaction counts against your limit for precisely one week, regardless of when you made the transfer.

Unverified Venmo users have a lower limit transfer compared to verified users. For example, unverified customers limit $299.99 weekly, whereas verified users limit it to $4,999.99 weekly. However, players in SC can spend an additional $2,000 weekly, only on authorized vendors.

In short, the total limit for using Venmo is $6,999.9 every week.

How long does it take to transfer funds using Venmo in SC?

The duration to send money to your bank account varies. Mostly, it will depend on the type of transfer you initiate. A no-cost standard transfer takes one to three days. On the other hand, instant transfers typically take 30 minutes. But, the transaction will cost you a 1.5% fee and can be done any time of the day.

Pros and cons of using Venmo on a betting site in South Carolina

Before players in South Carolina decide on the best gambling payment solution, they conduct a view of the benefits that come with these options. Just like any option, Venmo has pros and cons. Namely,

Pros of Venmo:

  • It is easy to set up an account and use it.
  • Sending and receiving money is free and effortless.
  • Anyone with an Android and Apple mobile phone can download the app.
  • Accepts PayPal and all you need is a recipient’s email address and phone number.
  • Sending and receiving money with Venmo is very safe.
  • Mobile-friendly Venmo app for those who like to handle all their banking on the go.
  • Earn online sports betting bonuses with Venmo sports betting voucher deposits.

Cons of Venmo:

  • A transaction may take days to process, like three business days.
  • Once you initiate a transaction, it’s impossible to cancel. Thus, if you send money to the wrong recipient, you’ll lose it.
  • All customers must pay a 3% fee whenever they use a credit card.

Betting payment methods similar to Venmo


Should I use Venmo or a credit card on betting sites in SC?

Venmo should be used to deposit and withdraw from betting sites in SC. Players can use Venmo and credit cards while depositing and withdrawing funds in South Carolina. Nevertheless, when you use a credit card, you'll have to pay a 3% fee. For Venmo, all standard transactions are free.

What's the max daily I can spend on betting sites in SC using Venmo?

The P2P sending limit is $2,999.99. Again, if you confirm your identity, your weekly rolling limit rises to $4,999.99. Note that these limits may vary from time to time in South Carolina. Suppose you want to learn more about the limits you can spend while using Venmo, visit this article. You'll also get to know how to verify your identity.

Can I withdraw from betting sites in SC using Venmo?

Yes. Most betting sites that accept Venmo as their deposit option accept it as a withdrawal option. The process of withdrawing funds from betting sites in South Carolina using Venmo is quick, safe, and convenient