PayPal and Venmo Excluded from Online Gambling in Connecticut

PayPal and Venmo Excluded from Online Gambling in Connecticut
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As sports betting gets going in Connecticut, the three licensed operators, DraftKings Sportsbook, FanDuel Sports, and SugarHouse Sports, are already off to a good start, with plenty of bettors signing up right out of the gate.

With gambling in Connecticut set to cover a variety of options, including major sports and casino gaming, there will be plenty of action in the coming months. To unlock this action, you’ll need to make a deposit. Therefore, you need a way to pay if you’re going to play.

Connecticut Online Gambling Laws for Payments

Connecticut sports betting and online gambling laws are such that deposits can be made using ACH, debit card, Pay Near Me or a credit card. Those are pretty standard methods of payment for most states.

There are two notable differences. First, Connecticut does not allow deposits to be made using PayPal, which most states allow. Second, the state only allows deposit from one credit card. Customers can't use multiple cards.

Like their counterparts in other US states, Connecticut lawmakers are concerned about safety and security. When HB 6451 was making its way through the legal system, there were concerns that customers could make fraudulent deposits or get around identity blocks by using multiple payment methods.

Which Payment Methods Will Be Available to CT Players?

The main ways you’ll be able to make deposits and withdrawals at Connecticut online casino and betting sites are the following:

  • Visa
  • MasterCard
  • American Express
  • Discover
  • Debit card
  • Automated Clearing House (ACH), which is a network that coordinates electronic payments and automated money transfers
  • Play Near Me

DraftKings CT, FanDuel CT, and PlaySugarHouse CT will all have their own payment protocols. However, the minimum deposit for most US online betting sites is $10. What’s more, the methods allowed provide a safe, efficient way to make payments because they’re highly regulated and backed by major financial institutions.

How Safe Are Payments at Online Casinos?

You know where your money is going when you use legal online casinos and betting sites. DraftKings et al have had to pass various checks to prove they can offer a secure, high-quality service. Indeed, without satisfying the local gambling laws, they wouldn’t have received a license from the Connecticut Department of Consumer Protection.

You can’t say the same about unlicensed and offshore sites. Even if the company tells you it offers a safe online betting experience, can you really trust it? Without a third-party regulator to verify such claims, you can never be sure. That’s why you should avoid unlicensed gambling sites. They might be OK, but they might not be.

With licensed Connecticut casinos and sportsbooks, you know they’re everything they claim to be. Therefore, if you want to protect your bankroll and enjoy the best online betting experience possible, only use sites licensed in the Constitution State. Using this strategy in conjunction with reputable payment processors such as Visa and MasterCard will ensure you never put a foot wrong when you’re betting online.

 

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