MoneyGram is a cash transfer service which works in a similar way to their bigger rival Western Union. This company has a giant network of branches, located in every US city and in other locations around the world. You can wire money to individuals or companies, in exchange for a small fee. Many US-friendly betting sites use MoneyGram as a deposit method. This way of getting your money on board is one of the most reliable ways around the restrictions in place on the old ways of getting money on board.
How to Deposit at MoneyGram Betting Sites
This process begins with creating an account at your chosen betting site. This is very easy, and will usually only include a simple e-mail verification step.
Once complete, you need to get in touch with the support reps at your site. We recommend doing this via telephone, though live-chat or e-mail may also be possible. Tell them that you would like to make a MoneyGram deposit, and they will explain the individual process at that bookmaker to you. There is sometimes a document request at this stage, so the betting site can verify your identity.
You will be given the name of an individual, located offshore, and a tracking reference number to send with your deposit. Next to go to your local MoneyGram office which can be located online using a widget on their website. The cashier will wire your money, providing you with a receipt and reference number. You will be charged a small fee – this is how MoneyGram run their business.
Next you e-mail your payment reference number to your betting site, to help them reconcile your payment with your account. It is possible that this could be completed within an hour, though three hours to one day is the more standard time-frame.
The big advantage of this method is that it is almost certain to go through the first time. There is no point in the process where is could be blocked, which gets around the issues which credit card holders face. At the present time, withdrawals to MoneyGram are available at many sportsbooks. The most common alternative is to have a paper check – which some betting sites will courier to you.
How to Make Sure Your MoneyGram Betting Site is Legitimate
Most of the offshore sportsbooks which still welcome US players are completely safe. Some of them are well known brands that have been in the business for more than a decade and have solid reputations for service and fairness. However, rogue operators do crop up from time to time, so it is worth doing some checks before you make that MoneyGram deposit.
First, check for a gambling license. These are issued by several jurisdictions including Antigua, Panama, Costa Rica and the Netherlands Antilles. A license alone is not enough for you to be completely sure of any sportsbook – however the lack of one is a strong sign that you should not be depositing.
External certification of game fairness for any casino and poker games, plus membership of industry associations are also good trust signals. You should also check for a wide range of deposit options for worldwide players. Finally, look for multiple contact methods and a responsible gaming policy. For us the real test of legitimacy is a betting site with more than five years of service and no major scandals or payment issues highlighted online.
Things to Look Out For At MoneyGram Betting Sites
Once you have found a site that accepts MoneyGram deposits, and that you are satisfied are legitimate, then it is time for the final checks. We like to make sure that a site has everything in place to suit our personal needs. There are several things to watch out for:
Bonuses, freebies and promotional offers are the first thing. Almost all books will offer a welcome bonus of some kind. Remember to look at the wager-through requirement in addition to just the main bonus amount, as this can vary a lot. We also like to make sure that loyal customers are well looked after.
Coverage of sports is important. If you bet on the ‘big 4’ then you are looking for a wide choice of bets, competitive lines and specials or prop bets on your sports to keep things interesting. If you prefer other sports, then there may well be significant variation in how much coverage there is at each betting site. It can pay to shop around for the perfect combination. The best lines, best variety of bets, bigger bonuses and of course – MoneyGram deposits.