Prepaid card betting sites in Arkansas
Arkansas recently opened itself up to online sports betting. The first Arkansas sports betting sites were launched in March 2022 after lawmakers finalized the rules to regulate these sites. In light of this, bettors in Arkansas may want to know about the methods of payment that are available to them. This article reviews the prepaid card betting sites Arkansas offers. Read on to learn more.
What is a Prepaid card?
Sometimes called a prepaid debit card or a stored value card, a prepaid card is one that you can use to make payments or buy things on or offline. To get it, you apply for the card and then load it with money in advance, or you buy a card with a set amount preloaded. Then you can use the card to make payments worth that amount. Prepaid cards are sold at various retail stores and online shops such as Walmart or Amazon. The cards resemble debit cards and most have the Visa or Mastercard logo.
Some AR sportsbooks have their own prepaid cards. To get one, you just have to visit the Prepaid card betting site Arkansas and sign up for their prepaid card. The card will be delivered in your mail a couple of days later. Using these Prepaid cards means that you do not need to have a credit check or a bank account.
Prepaid cards have expiration dates. Although the funds on the card cannot expire, you will need to get another card before the old one expires. Your card will also stop working if you have spent all the loaded money. For some cards, you can just load them with more money. Meanwhile, there are those that you have to get a new card.
How to make a deposit with a Prepaid card at an AR betting site
Before making a deposit at your favorite Arkansas sports betting site, you must make sure your prepaid card has been loaded with funds. Also, the name and address details attached to the card and those of your sportsbook account must match exactly. If this is not the case, then your request may be declined.
Prepaid cards also have transaction limits and fees based on who the provider of the card is. You should take note of these charges before making your deposit. Once you have your card ready, the next step is to visit an AR betting site. Most online sportsbooks accept prepaid Visa, prepaid MasterCard, and prepaid cards from sportsbooks. To make life easy for you, here is a step-by-step guide to making a deposit with a Prepaid card:
Can I use a Prepaid card to withdraw money from an AR sportsbook?
No. You cannot use prepaid cards to make a withdrawal at an AR sportsbook. This is because unlike other methods of payment, prepaid cards are not connected to a bank account. Without the link to a bank account, there is nowhere to deposit your money if you withdraw with a prepaid card. Instead, you will need to choose an alternative method of payment when making a withdrawal. Always check if the sportsbook allows you to use another method of payment. This is because there are some sportsbooks that require you to deposit and withdraw with the same method. In this case, the sportsbook may not accept prepaid cards as a deposit method anyway.
Pros and Cons with Prepaid Card at Arkansas sports betting sites
The prepaid card betting sites Arkansas offers are popular among bettors for various reasons. One of these reasons is that Prepaid cards are easy to get. Also, this payment method provides fast transactions since the cards are not connected to a bank. Bank transactions tend to be slower because of the verification and approval processes. However, Prepaid cards are not foolproof. They also have a few downsides such as high fees and low deposit limits. These features make them less attractive to some bettors.
Below is a list of the pros and cons of using prepaid cards at Arkansas betting sites.
The best alternatives to Prepaid cards at online gambling sites in Arkansas
If you do not want to limit yourself to the prepaid card betting sites Arkansas offers then you can also explore other payment options. You may find that your favorite sportsbook does not accept Prepaid cards but supports other types of payments. Learning more about these alternatives will help you choose which method of payment – and which sportsbook – suits you best.
We have compiled a list of some of the top alternatives to Prepaid cards at betting sites in Arkansas: