Bovada Payouts and Deposits

Payouts and Deposits could be the most important component of a sportsbook.  If players can’t easily deposit they will go somewhere else and if a player need to be paid quickly or they will move on.  Sportsbooks like Bovada know this and keep it a top priority in their business plan.

My personal experience with Bovada

Background: I have used Bovada since 2004 (it was Bodog from 2003-2011 on 12/14/2011 Bodog created Bovada to handle their US customers) and I only had 1 problem in those 10 years. In March 2011 (I actually looked the date up in my email!)  I had a check payout bounce.  I emailed support and they issued me a new check and covered my bank fees for the returned check.  I received that check 3 days later.

I am sure I have easily received over 100 payments over those years (full disclosure – some of it was for marketing their site on a poker related website I used to own and they paid to my player account).  In 2012 I did try to move from receiving checks to bank wires, but the Bovada payment processor at the time did not play nice with my bank 🙁 . I have always received my checks quickly (within a week) and have basically had no issues – and that’s the reason I am pretty loyal to Bovada!

In late 2018 I started using BetOnline more due to the larger bet size and more frequent bonuses..

Our Latest Payout Updates

Let’s take an in-depth look at the Bovada payout and deposit options along with the current fees.

Bovada Payouts

This is the most popular payout method. Request payout and you will get a check delivered to your door within 10 days (usually within a week).

Fee: $50 or it can be your 1 free monthly payout
Minimum Payout: $100
Limit: $3K every 7 days
Speed: 10 business days

This is a quick and easy option if it works with your bank. The bitcoin is sent to your bitcoin wallet and then you can send it to a btc exchange to convert it to USD. After it’s converted you can send it to your bank for free. See our Bitcoin guide for more info.

Fee: $0
Minimum Payout: $10
Limit: $9,500 every 3 days
Speed: 15 minutes

So basically, 1 free Bovada check payout a month or unlimited free bitcoin payouts all month long.

Bovada Deposits

Currently Visa/Mastercard/AMEX is available for deposits. Make sure your credit card is able to make internationally purchases. CC verification form may be required..

Fee: 5.9% 0% on first deposit
Min Deposit: $25
Limit: $1,000

Bitcoin is fast, cheap and has higher limits as long as you go through the process of getting a bitcoin wallet for buying/selling bitcoin.

Fee: varies by the money transfer service
Min Deposit: $10
Limit: $5k

Deposit screen only offers credit card and bitcoin deposits

Deposit Screen and Options

I made a credit card deposit for this article, so I could see all the current deposit/payout fees and options.  I was presented with the only 2 deposit options that are listed above.  Deposits cover the 3 major credit card companies (Visa/MC/AMEX) and of course bitcoin.

On your first credit card deposit, they waive their “deposit processing fee”.  After that credit card deposits will have a hefty 5.9% bovada fee for credit card processing.  I don’t love the fees (and other books like BetOnline don’t have cc fees), but I don’t think it’s outrageous and I like the fact that they are not hiding it, it is clearly stated on the deposit screen.

Bitcoin deposits and payouts are always free.  If anyone plans on depositing and withdrawing multiple times, then it is worth it to get setup with bitcoin.

The whole deposit process takes 30 seconds and then the money is in my account and ready for for some NFL betting this weekend!

If you have any questions about Bovada deposits or payouts, contact me and I’ll tell you what I know. Obviously, some of the information (like check location), I did not want to put out there in the public.

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Page Last Updated: January 8, 2021

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