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Michigan Online Casinos that Accept Venmo

When you’re playing your favorite online casino games, security and peace of mind have to be present for the fun to kick in. Payment options play a vital role in making the process of depositing and withdrawing a smooth process. Well, a new payment option is appearing at legal Michigan online casinos now.

It’s not new to most players, though. Venmo, the convenient online payment service, is set to become a top choice for MI players. The digital wallet lets people send money to family and friends, pay businesses, and even get a debit or credit card. Let’s explore how it works and what the advantages are.

Arsenii Anderson
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Venmo
Venmo
Quick Details:
Minimum Deposit $10
Withdrawal Fees 1.75% with Instant Transfer
Recommended Casino FanDuel
Deposit Processing Time Instant
Deposit Limits N/A
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Best Michigan Online Casinos that Accept Venmo – 2024

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Full T&Cs Apply. New players only. 21+

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Full T&Cs Apply. New players only. 21+

Full T&Cs Apply. New players only. To be eligible players must be 21 years or older and playing within the state of Michigan. $10 minimum deposit required. Players must wager the bonus amount 1x on all games.

Here's How Venmo Works

Venmo works as a digital wallet. You can link it to your bank account, debit, or credit card. Once set up, you can use it to pay bills, send money to friends, or receive money. It also works for online payments. You can get a Venmo card, choosing a debit or a credit Mastercard.

While it had previously been aimed at personal and peer-to-peer transactions, it has become more widely accepted. The company is owned by PayPal, which is already a popular online casino payment option. So far, we see that it’s working in a similar way for deposits and withdrawals at Michigan casinos.

The Benefits of Venmo Online Casinos MI

Not every payment method suits everyone, and they certainly aren’t perfect. Venmo is no different. It has several advantages, but there are some drawbacks too.

Pros
  • Free to register
  • Clear fee structure with most transactions free
  • Option to have a debit or credit card
  • Fast transactions
Cons
  • Currently only available at two MI online casinos
  • Funds need to be withdrawn from Venmo to get to your bank account
  • Fees for instant transfers

How to Set Up a Venmo Account

Creating a Venmo account is fairly straightforward. To make it as easy as possible, we’ve created this quick guide.

  1. Download the Venmo app to your iOS or Android device;
  2. Enter your details, including a phone number;
  3. Check for the verification code to confirm you have access to your number;
  4. Create a password;
  5. Add your bank account and verify;
  6. Supply any other information needed to verify your identity;
  7. Start sending and receiving funds.

Withdrawing from a Venmo Casino

So far Venmo is only available at several Michigan online casino apps, including BetMGM MI Online Casino and BetRivers MI Online Casino, but we expect it’ll be more widely available soon. Although each casino has its own process, this guide sets you up to be ready to get your winnings wherever you play. Here is how to make a withdrawal using Venmo.

  1. Log in to your casino account and visit the cashier;
  2. Choose withdraw and select Venmo as your option;
  3. Enter the withdrawal amount – the limits will vary depending on the casino;
  4. Link to your account and check all information;
  5. Confirm and wait for funds – it won’t be as fast as your deposit, but it shouldn’t take too long either.

Deposits Processing Times and Fees with Venmo

We’ll know more about Venmo deposit times and any associated fees once a few more Michigan online casinos add it as a payment option. So far, we can see that deposits arrive instantly. Most MI sites don’t charge for deposits, so we don’t think that it’s something that will change with Venmo.

It’s worth knowing that Venmo does charge fees in certain circumstances. It’s free to set up and hold an account. Online purchases are also free, and there’s no fee to send money, so deposits shouldn’t incur a charge. Withdrawals from your account have a 1.75% charge when you choose an instant transfer.

FAQ

Are Venmo online casinos legal in Michigan?

Yes, there are plenty of online casinos in Michigan that are legally operating. Several accept PayPal, and four accept Venmo. We think it’s only a matter of time before that number grows.

Do Venmo online casinos charge any fees?

As things stand, no fees are charged. In fact, most Michigan online casinos we’ve reviewed don’t charge fees for deposits or withdrawals. We think that will apply to Venmo payments as more casinos accept the method.

Are there any alternatives to Venmo?

Yes, there are some great alternatives. PayPal is one option if you want fast transfers from a digital payment service. Other options include Apple Pay, Visa, and ACH transfers.