When you’re ready to play online casino games, there are a few necessities. You need a device with access to BetMGM’s apps or website, some free time, and to set a budget for how much money you’re willing to risk.
Once you’ve decided how much money and time you will spend playing, you need to understand how to deposit and withdraw funds on BetMGM. In those regards, BetMGM gives you several options.
While many of the payment methods that BetMGM accepts have benefits and drawbacks in comparison to others, it’s ultimately a highly personal decision. Regardless of which payment method you choose, BetMGM is ready to reward you for your play.
Popular Online Casino Payment Methods Offered by BetMGM
BetMGM is licensed and regulated in four US states, and the methods available can fluctuate depending on which of those states you are playing in. Those states are:
- Michigan
- New Jersey
- Pennsylvania
- West Virginia
Most of the sources that BetMGM accepts will be common across all four states. These methods include:
- ACH payments from a checking or savings account
- Cash at an MGM Resorts casino cage
- Credit cards
- Debit cards
- Prepaid cards
- Third-party wallets
- Wire transfers
As far as digital payments go, BetMGM accepts Apple Pay for users of iOS devices. Similar services that BetMGM accepts include PayPal.
While BetMGM accepts all of these forms of payment, there are some differences between them in terms of how quickly the funds you transfer to or from BetMGM will be available for use. That’s just one example of considerations you should take into account when deciding which method(s) to use.
Choosing the Right Online Casino Payment Method for You
When it comes to ease and speed, different casino payment methods have their cons and pros. To ascertain which method is best for you, you need to identify what’s most important to you in your experience and gather all the information about that payment source.
For example, if you want to deposit and play with those funds as quickly as possible, ACH payments and wire transfers might not be the best choice for you. It can take hours if not days for such payments to clear.
On the other hand, if security is your foremost concern, then Apple Pay and other digital services could be ideal. These services can give you the protection of shielding your actual account information from exposure.
For players who prioritize setting a budget above all else, cash at the casino cage (where available) and prepaid cards might be the best bet. Sticking to such methods ensures that you can’t exceed your budget, which is a stellar slot bankroll management practice.
You might be able to find BetMGM-branded prepaid cards at local retailers. These cards offer all the standard benefits of prepaid cards but can also come with special bonuses and you know that BetMGM will verify the funds as soon as you redeem them.
A final consideration involves debit and credit cards. In addition to laws governing such usage, many financial institutions will not process transactions related to gambling on such cards.
Others may add additional fees to such transactions. The best thing to do before attempting a deposit or withdrawal with these methods is to check your bank’s policy on gambling transactions.
Anytime you use credit cards to make a deposit, you may have to pay interest on those funds according to your card agreement with the issuer. That interest rate could actually be higher for transactions related to gambling, as the financial institution might categorize that as a cash withdrawal.
Whether you choose to use your checking account, prepaid card, or digital wallet, the fun begins when you register with BetMGM. All your real-money play can not only earn you BetMGM Rewards points, but also a chance at some winnings to withdraw.
