When it comes to the exciting world of sports fantasy and sports betting, DraftKings is a name that stands tall. But before you embark on your journey of building fantasy teams or placing bets on your favourite games, there’s a crucial aspect to consider: Forms Of Payment DraftKings Accepts.
The answer lies in understanding the forms of payment DraftKings accepts. Whether you’re a seasoned player looking to fine-tune your strategy or a newcomer eager to dive into the action, knowing the payment options available is the first step to making the most of your DraftKings experience.
In this article, we’ll reveal the various payment methods that DraftKings accepts, ensuring that you have all the information you need to seamlessly deposit money and engage with your favourite sports like never before. From credit cards to digital wallets and more, we’ll explore the options at your disposal so you can focus on the thrill of the game without any payment-related worries.
What Banks Can I Use With DraftKings?
The following banks are compatible with DraftKings:
- Chase Bank
- Bank of America
- Wells Fargo
- US Bank
- Citibank
- PNC Bank
- Capital One
- TD Bank
- USAA
- BB&T
- Fifth Third Bank
- Truist Bank
1. Chase Bank: Chase Bank is one of the largest banks in the United States, with over 4,800 branches and 16,000 ATMs. Chase offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
2. Bank of America: Bank of America is another one of the largest banks in the United States, with over 4,300 branches and 16,000 ATMs. Bank of America offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
3. Wells Fargo: Wells Fargo is the third-largest bank in the United States, with over 7,400 branches and 13,000 ATMs. Wells Fargo offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
4. US Bank: US Bank is the fifth-largest bank in the United States, with over 3,100 branches and 4,800 ATMs. US Bank offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
5. Citibank: Citibank is a division of Citigroup, one of the largest financial institutions in the world. Citibank offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
6. PNC Bank: PNC Bank is the sixth-largest bank in the United States, with over 2,600 branches and 9,000 ATMs. PNC Bank offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
7. Capital One: Capital One is a financial services company that offers a variety of products and services, including credit cards, savings accounts, and loans. Capital One is known for its innovative products and services, as well as its strong customer service.
8. TD Bank: TD Bank is a Canadian bank that has over 1,300 branches in the United States. TD Bank offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
10. USAA: USAA is a financial services company that serves members of the military and their families. USAA offers a variety of products and services, including checking and savings accounts, credit cards, insurance, and investments.
11. BB&T: BB&T is a financial services company that offers a variety of products and services, including checking and savings accounts, credit cards, loans, and investments. BB&T is known for its focus on customer service and its commitment to the communities it serves.
12. Fifth Third Bank: Fifth Third Bank is a financial services company that offers a variety of products and services, including checking and savings accounts, credit cards, loans, and investments. Fifth Third Bank is known for its commitment to innovation and its focus on the customer experience.
13. Truist Bank: Truist Bank is a financial services company that was formed in 2019 by the merger of BB&T and SunTrust Bank. Truist Bank is one of the largest banks in the United States, with over 2,600 branches and 9,000 ATMs. Truist Bank offers a variety of banking products and services, including checking and savings accounts, credit cards, loans, and investments.
What Forms Of Payment Does DraftKings Accept?
- Credit and debit cards: Credit and debit cards are the most famous payment method used on DraftKings. When you deposit with a credit or debit card, the funds are immediately available to use in your DraftKings account. Withdrawals to credit cards are not supported, but you can initiate a fund withdrawal to your debit card.
- PayPal: PayPal is a famous wallet that you can utilize to deposit and withdraw funds on DraftKings. When you deposit with PayPal, the funds are immediately available to use in your DraftKings account. Withdrawals to PayPal are typically processed within 24 hours.
- Play+ prepaid card: The Play+ prepaid card is a suitable way to deposit and withdraw funds on DraftKings. You can use your Play+ card to deposit funds at ATMs or participating retail locations. You can also use your Play+ card to withdraw funds at ATMs or to make purchases online and in-store.
- Cash: You can deposit cash at a participating retail location. To do this, you will need to create a DraftKings account and then visit a participating retail location. You can then give the cashier your account information and the amount of cash you want to deposit.
- E-check: An e-check is an electronic equivalent of a paper check. To initiate a deposit using an e-check, you must provide your bank account details and specify the deposit amount. Subsequently, the funds will be electronically transferred from your bank account to your DraftKings account, typically processing within 3-5 business days. Withdrawals to e-checks are usually processed within 7-10 business days.
- Wire transfer: A wire transfer offers a swift and secure method for depositing funds into your DraftKings account. To utilize this option, you will need to obtain DraftKings’ bank routing number and account number. You can then contact your bank and initiate a wire transfer. Withdrawals by wire transfer are only available in certain states and are typically processed within 1-3 business days.
Read Also:
How To Deposit Money On DraftKings
How To Add Bank Account To Draftkings (A Simple Guide)
How To Open A DraftKings Account (A Step By Step Guide)
Can I Link My Bank Account To DraftKings?
Yes, you have the option to link your bank account with DraftKings, enabling you to both deposit and withdraw funds through your bank account.
To link your bank account to DraftKings, follow these steps:
- Go to the DraftKings website and log in to your account.
- Click on the “Cashier” tab.
- Click on the “Deposit” button.
- Select the “Online Banking” option.
- Enter your bank account details and click on the “Continue” button.
- Adhere to the on-screen prompts to connect your bank account with DraftKings.
Can I use someone else’s debit card for DraftKings?
It is generally not a good idea to use someone else’s debit card for DraftKings, even if they have permitted you to do so. This is because it is against DraftKings’ terms of service to allow someone else to use your account. If DraftKings finds out that you have been using someone else’s debit card, they may close your account and confiscate your funds.
In addition, using someone else’s debit card for DraftKings could put you at risk of the following.
- Fraud: If you use someone else’s debit card without their permission, you could be committing fraud. This is a crime, and you could be charged and prosecuted.
- Account closure: DraftKings has the right to close your account if they find out that you are using someone else’s debit card.
- Financial losses: If you use someone else’s debit card without their permission, you could be responsible for any financial losses that they incur.
How Do I Change My Payment Method On DraftKings?
To change your payment method on DraftKings, follow these steps:
- Go to the DraftKings website and log in to your account.
- Click on the “Cashier” tab.
- Click on the “Manage Payment Methods” button.
- Select the “Add New Payment Method” button.
- Select the payment method that you want to add.
- Enter your payment method information and click on the “Continue” button.
- Once your new payment method has been added, you can pick it as your default payment method by selecting the “Set as Default” button.
Conclusion
Understanding the forms of payment that DraftKings accepts is a crucial step in enhancing your sports fantasy and sports betting experience. We’ve taken a deep dive into the various payment methods available, from credit cards and bank transfers to the convenience of digital wallets like PayPal. This knowledge empowers you to fund your DraftKings account with ease, giving you the freedom to enjoy your favourite sports contests and bets without any payment-related obstacles.