What is American Express?
American Express is one of the world’s largest payment processors and card issuers. It issues credit cards by itself and through a range of US banks. However, they also issue prepaid cards that let you spend as you go.
Most American Express cards are issued by partner banks in the United States. Wells Fargo, US Bank and Bank of America are three of the leading US banks who supply AMEX cards.
There are more legal, licensed and regulated American betting sites than ever. The payment option is accepted by a growing number of sportsbooks in regulated states such as New Jersey and Pennsylvania. Enjoy betting on your favorite NFL odds and NHL markets at an online sportsbook with a single AMEX card, and earn benefits while you do it.
AMEX Credit Card: Apply for an iconic American Express card for a fixed annual fee. The “Basic Card” carries no fees but has lower maximum credit limits. You can earn Membership Rewards points on all purchases. Points can be redeemed at major stores and online merchants.
American Express offers a basic Platinum Cashback Everyday credit card for customers in the US. You can get cash back on purchases for the first 6 months. There are no annual fees.
AMEX also provide a Gold credit card where you can earn Membership Rewards points when you spend money. You’ll also earn benefits such as access to exclusive airport lounges.
AMEX Charge Card: American Express also issues a charge card. These have no spending limits and no interest as you always pay the entire balance in full every month. You will have to supply a clean credit record to qualify for an AMEX charge card.
Amex Prepaid Card: Some betting sites that accept American Express also accept a prepaid card. The AMEX Gift Card is a prepaid card that is non-reloadable.
The Gift Card comes with a 15-digit card number and a 4-digit security code. You will need both of these when online betting with American Express. Watch out for purchase fees when you acquire an American Express Gift Card.
The American Express Serve account is a prepaid debit account that lets you make cash reloads. Monthly fees apply, but there is no minimum balance required.
Benefits of Using American Express at Online Sports Betting Sites
Ready to start betting at an online sportsbook with American Express? Here are just some of the benefits a bettor can enjoy using their AMEX credit card as their banking method to make deposits.
Widely accepted in regulated US states: You can now legally make an American Express deposit at betting sites in the United States. A regular AMEX credit card is accepted at many of the best bookmakers online.
Secure online payments every time: American Express sports betting deposits are completely safe. American Express uses an advanced monitoring system to track fraudulent transactions on your account. AMEX also issues verification codes for added online security.
High deposit limits: Online sports betting with American Express is perfect for high rollers. Many sites let you deposit up to $25,000 a day with your AMEX credit card. Deposits are instant and funds will be immediately available.
24/7 customer service: Got a problem with your AMEX deposit? American Express offers 24-hour customer support by phone anywhere in the US.
Earn AMEX loyalty points and earn benefits: Depending on the card card, a bettor can enjoy numerous benefits by using an American Express card. Earn cash back and get favorable rates on flights, car rental or hotels when they travel.
What to Watch Out for When Using American Express
Online betting with American Express is quick and easy. But there are still a few pain points to be aware of before you start betting on sports.
Poor acceptance rates on certain AMEX cards: Many American Express betting sites allow deposits via credit card. But make sure you have the right card to make a deposit. Some online betting sites won’t accept AMEX Corporate Travel Cards, Small Business Cards and some Bank Co-Branded Cards. Also, check with the issuer of your AMEX card to make sure it allows for legal gaming transactions.
Fees & charges: Some AMEX credit and charge cards do carry an annual fee. These should always be factored in when you join betting sites that accept American Express. Check your cardholder agreement to see what transaction fees apply.
You may also be charged a cash advance fee if using your AMEX card for gambling deposits. These should be factored in when making an American Express deposit.
Higher minimum deposit limits: While the maximum deposit limits with American Express can be big, the minimum limits can also be higher. Many betting sites that accept American Express carry a minimum deposit limit of $20.
Not accepted for withdrawals: Generally, American Express sports betting sites won’t let you cash out to an AMEX card. You will need to have an alternative payment method available to withdraw.
Most US bookies sites let you cash out using PayPal or an ACH/e-Check transfer like VIP Preferred. You can also request a personal check by mail. Typically, though, to withdraw to a e-wallet you must have used it to make a deposit previously.
How to Deposit at Online Sportsbooks Using American Express
American Express sports betting is a breeze with a credit card deposit. Here’s how to make your first transaction:
- Step 1: Register your AMEX card at the sportsbook
- Step 2: Click on the Cashier tab in the lobby
- Step 3: Enter your long card number and expiration date. You’ll also need to provide the security code on the back of the card
- Step 4: Enter the amount you want to deposit
- Step 5: Hit the Submit button. Your funds will be credited to your account instantly.
- Remember, most betting sites that accept American Express tend not to accept Corporate Cards, Bank Co-Branded Cards and Small Business Cards.
Minimum/Maximum Deposits: A deposit limit will apply when you deposit at betting sites that take American Express. This will be clearly displayed in the cashier when you make your transaction.
Fees & Charges: In general, American Express betting sites won’t charge a fee when you use your credit card or charge card. However, American Express does charge a fee when you transfer funds.
Credit card companies treat online gambling deposits as cash advances. It’s just like withdrawing cash from an ATM. Typically, a fee of 3% will be applied to the deposit amount.
You may also be charged membership fees and returned payment fees, depending on the American Express card you hold. Check the American Express website for full details on charges and fees.
American Express vs other Deposit Methods
Online betting with American Express is easy and secure. But how does AMEX compare as a banking method to other US payment options? Here’s a quick guide to our top-rated alternative deposit options:
Play+ is a prepaid card and account that is accepted at most US-facing sportsbooks. You can fund your Play+ account with cash from other credit cards and debit cards. Then, simply transfer the cash to your sports betting account.
The deposit limits with Play+ are high, and there are no signup or deposit fees. VIPs can also enjoy higher deposit limits. You can also withdraw winnings back onto your Play+ card and access the cash at a participating ATM.
PayPal is one of America’s most recognized e-wallet solutions. Fund a single online wallet with dollars from multiple cards and accounts. You can also fund your PayPal account with your American Express card. It’s the perfect solution if a sportsbook won’t accept AMEX deposits.
Once you’ve filled your PayPal wallet, transfer cash direct to your sports betting account in seconds. And it’s 100% secure.
Skrill is another e-wallet provider that is geared toward online sports bettors. With Skrill you use a single virtual wallet to fund you online gambling. You can fund your e-wallet with multiple cards, including American Express. Fees will apply, however.
For easier deposits online or through mobile, you can also select the Skrill 1-Tap option. Save your Skrill username and password and transfer money to your sportsbook account in seconds.
An e-check provider like VIP Preferred lets you transfer money direct from your checking account. The acceptance rates for ACH are high, and you can often deposit up to $50,000 a day. ACH (Automated Clearing House) deposits are pain-free and you never have to share your card details.
You can use the PayNearMe service if you live near a 7-Eleven, Family Dollar or CVS. With PayNearMe you can fund your sports betting account by paying cash at the store. The maximum deposits are low, but you will get access to your funds in minutes.
Visa or MasterCard are good alternatives if online sports betting with American Express isn’t possible. Use your debit or credit card to transfer funds to a sportsbook account in seconds. Some financial institutions are still blocking legal gambling transactions, so be sure to check with your card provider.
You can also use an online bank transfer if you want to avoid using a card. Make instant deposits from just $10 using your online banking service. Some US banks won’t honor gambling transactions, so always check your bank first.
American Express Betting Sites FAQ
Can American Express be used at all online sports betting sites?
No. There is a limited number of American Express betting sites accepting deposits with credit cards and AMEX prepaid cards.
Are there any fees when using American Express for online casino deposits?
Yes. You will usually be charged a small cash advance fee for using your American Express credit card. Some charge cards will carry no fees, however.
What is the transaction speed when using American Express?
American Express sports betting is instant. Enter your card number and security code, together with the amount you want to deposit. Your funds will appear in your sportsbook account immediately.
Do I need an account to use American Express? How do I get one?
Yes. Visit www.americanexpress.com to apply for a card. Some US banks also offer co-branded cards. You can discover your card eligibility in minutes with a pre-application credit check.
Can I withdraw my winnings using American Express?
No. Most legal sports betting sites in the US don’t allow withdrawals to an American Express card.
What are the maximum and minimum deposits with American Express?
The deposit limits for American Express vary between sportsbooks. Average minimum and maximum deposit limits are around $20/$25,000.
Is American Express allowed at mobile sportsbooks?
Of course. Simply log in to your mobile sports betting account and find the American Express option in the cashier.
Is American Express safe to use?
Yes. American Express uses encryption technology to protect every online transaction. The American Express SafeKey is an added service that protects you from unauthorized use of your credit card.
Can I still obtain a bonus using American Express?
Yes. Just make a first deposit when you join a betting site that takes American Express. The sports betting site will award you with a bonus offer like a deposit match or risk-free bets.