American Express, or Amex, is the perfect payment option at a sportsbook when using a credit card or debit card is too difficult. This may have to do with the online sports betting restrictions in the US.
Playing at betting sites that accept Amex tends to have fewer restrictions, especially with deposits. This is why it’s becoming the go-to and most efficient ways of funding your offshore sportsbook account. American Express is helping US bettors play at these sites, providing them with more betting options.
What you’ll find in this American Express guide:
- What’s American Express?
- Advantages of Using Amex at Sportsbooks
- Disadvantages of Using American Express at Sportsbooks
- American Express Betting Sites Conclusion
Top US Betting Sites Accepting Amex
American Express is known for providing credit card and charge card services to millions of people. Also, they’re known for their travel-related services which offer premium extras to those who use it a lot. They also offer prepaid debit cards and gift cards. A sportsbook that accepts Amex deposits generally means they accept American bettors.
Playing at betting sites that accept Amex come with some great advantages. Some of these include:
Transactions through American Express are simple to do.
Credit Limit and Bankroll Management
Amex accepts a more wide-ranging credit limit than other credit cards. This gives you more flexibility when funding your betting account. Furthermore, with Amex, you have to pay back how much you used from the card the following month. This makes bettors more aware of how much they’re spending on their betting.
The money you deposit into your account through American Express reflects almost instantly in your account. Gone are the long waits while your transaction is being processed.
Security and Reputation
Amex has been around for decades and has earned its global reputation. People are sure that their transactions are secure that they make use of the best in industry protections. It would not have the reputation it has if they didn’t provide the best in security.
See our guides for more sports betting banking methods:
We wouldn’t be fair if we didn’t look at some of the disadvantages of using Amex at betting sites.
Harder to Find
No all online sports betting sites accept Amex. Visa and MasterCard are far more common. Therefore, if you are insistent on using American Express as your banking method at bookies, you’ll have to spend more time looking for your perfect fit.
Not All Bookies Accept Amex for Withdrawals
Even with sportsbooks that accept Amex, you’ll find that it’s only useable for depositing into your bookie account. You may have to link your American Express card with an alternative bank option for cashing out your funds.
There are Some Fees
Like with some other banking methods, US bettors may have to pay a processing fee on the deposit (and withdrawal, if you’re lucky). This is entirely dependent on the betting site’s conditions.
Like with banking method, there are some up sides and down sides to using American Express. It’s a convenient service, especially if you’re a US bettor looking to play at offshore sportsbooks. For the top betting sites using Amex, check our list of recommended betting sites.