Author:
Matt
Last Updated:
05/09/2024
Experiences:
LV native and table games whizz
Experiences:
LV native and table games whizz
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Table of Contents
- Sign up process for ACH – it’s easy to start with ACH
- Making a payment with ACH – an effortless process
- Withdrawal and deposits with ACH: average time scales
- A useful information table for ACH
- ACH verification requirements – further added security
- The history of ACH – pioneering technology
- ACH compared to other providers – a solid choice
- Three essential facts about using ACH – important things to consider
- Conclusion – reliability is where ACH online sports betting shines
- ACH online sports betting FAQ
ACH: Pros & Cons
- Low transfer fees
- Safe and secure
- Instant deposits
- Supports both deposits and withdrawals
- Only available in the US
Sign up process for ACH – it’s easy to start with ACH
Before you can start to experience the advantages of ACH online sports betting payments, there are some easy steps to follow to ensure smooth transactions. We’ll guide you through the process in a few steps:
Step 1 – find a bookmaker that supports ACH
Our team suggests that you make some checks first. As ACH support is not as widespread as those for casinos with debit cards in the USA, confirming that you find a bookmaker with ACH as a payment option makes sense. After you’ve established this, you can continue the process with confidence.
Step 2 – contact the bank
The next step is easy. You only have to call your bank and tell them that you want to make ACH payments to the online sports betting site. They will set up the payment and provide you with a unique routing number. Usually, your bank won’t charge you for this service. After completing this step, you can move to your bookmaker’s website to create your betting account.
Making a payment with ACH – an effortless process
We’ll now guide you through the ACH online sports betting payment procedure from start to finish. Follow this step-by-step process to use ACH easily.
Find the right bookmaker!
The first step here is to find the right bookmaker for your payment preference, whether you want to bet with Neteller or ACH. There are many online sports betting sites, but not all will cater to your betting preferences. Not only should your choice be influenced by the availability of ACH as a payment option, but you should also pick a bookmaker that offers the right sports markets, competitive odds, and maybe a great sign-up bonus. You can refer to our many sports betting operator reviews for help choosing the right operator.
Create your account
On the bookmaker’s website, you can create your sports betting account. You’ll most likely have to provide some details such as your name, date of birth, place of residence, phone number, and email address. Second, comes the verification process. The bookmaker wants to confirm that you are who you say you are, and they can do this through a KYC process. The KYC or know-your-client process involves the new customer providing the operator with proof of their age and identity (with government-issued ID) and proof of residence to ensure that the person can legally play at the bookmaker.
Choose your payment
After verification which can take 24 to 48 hours, you should now be able to deposit with ACH. Select the ACH option at the cashier section, supply the needed information, and submit your payment.
Withdrawal and deposits with ACH: average time scales
If you’ve decided to do some sports betting with ACH, it would be beneficial if you knew the difference in speeds of ACH payments. We’ll also provide context by comparing the speeds to other payment providers.
Deposits – fast and secure
Our team found that the ACH network shines regarding deposits. It is a pleasure to use the network to deposit at an ACH online sports betting operator, as the deposit comes through almost immediately.
In most cases, you can expect your deposit to reflect within 10 minutes of requesting the transaction. The deposit speed is on par with the fastest in the business, such as PayPal and credit card payments.
Withdrawals – slightly slower but safe
The withdrawal speeds will most likely be the most contentious issue for most players. They are somewhat slower than other major payment providers. An ACH network withdrawal could take up to 10 business days, while PayPal takes up to 48 hours to process, and credit cards normally no longer than five business days. However, you need to weigh the safety provided for your transaction against the speed. The ACH withdrawal is facilitated by banks, making it safe as houses. It provides reliability as well. Keep this in mind when you look at the speeds.
If your withdrawal takes more than 10 business days, you can always contact your bookmaker’s customer support.
A useful information table for ACH
Below is a table containing information on ACH payment limits and timeframes. Check the terms and conditions of your online sports betting provider, as it could impact the limits discussed below. Please note that N/A indicates where we were not able to confirm a general figure with operators.
| Typical Min./Max. Deposit Amounts | Typical Min./Max. Withdrawal Amounts | Deposit Timeframe | Withdrawal Timeframe | Fees |
|---|---|---|---|---|
| $10 – $5,000 | $10 – N/A | Instant – Up to 10 minutes | 2-10 working days | No/Low fees |
ACH verification requirements – further added security
The ACH network is only available to US residents. If you want to play at online sports betting providers that accept ACH payments, you’ll need to reside in the US state where your sports betting provider is licensed. Secondly, you need to be of legal gambling age.
Verification for your bookmaker account
First, you’ll need to go through verification when setting up the bookmaker account. As mentioned above, you’ll have to go through a KYC process. To reiterate, you can have a form of photo ID on hand, together with some proof of residence. The sports betting provider can verify your age and place of residence with these documents to ensure that you play legally.
Banking verification – some more details
The sports betting provider would likely require some of the player’s banking details. Remember, the details on record at the bank should match those the player provides to the bookmaker. The withdrawal or deposits could be delayed if the information does not correspond. This is an extra safety feature of the ACH network.
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The history of ACH – pioneering technology
The start of the ACH journey was initiated by finance pioneers who wanted to solve a potential problem that the banking industry was facing. As one of the best payment methods in the USA, ACH has quite an interesting background. Let’s take a look at some highights.
It started with an idea
In 1968, some Californian bankers came together to start a paperless revolution. They predicted that the banking system would be overwhelmed by processing paper payments. So, they created SCOPE, or the Social Committee for Paperless Entries, to try and combat this coming issue. A few years after this, in 1974, the first ACH network took off in California, followed by others nationwide. The National Automated Clearing House Association (NACHA) was founded to administer these networks.
From social security to Same Day
In 1975, the government got on board with ACH technology, using the Direct Deposit system to pay social security, which has continued until today. Gradually, people got to know the ACH network, and in 2001, customers could initiate payments via phone or internet banking.
Same Day ACH was implemented from 2106 to 2017 for both credits and debits, with ACH payments processed on the same day. In 2020, the ACH network’s daily transfer limit was increased from $25,000 to $100,000.
ACH compared to other providers – a solid choice
ACH online sports betting will give players a great option if they want a safe and reliable betting experience. How does it perform when compared to other providers? Let’s have a look:
Credit cards
If the player chooses to make payments with a credit card, they will get the benefit of almost instant deposit speeds, on par with ACH. However, their maximum time for a withdrawal is five business days, half that of the possible 10 business days for ACH. In turn, your credit card info could potentially be cloned or leaked, whereas ACH transfers have no issues with security. ACH has low to no fees for transfers, whereas you’ll pay fixed fees for your credit card.
Venmo
eWallets are a great alternative payment method and include names such as Venmo, Neteller, and PayPal. You can fund your eWallet account before using it, with a debit/credit card or your bank account. Venmo, just like ACH, is only available to US residents. Again, Venmo has faster withdrawal times, and you’ll see your money within 72 hours. ACH offers deposits and withdrawals, whereas Venmo sometimes has issues with withdrawal requests from some operators.
Visa – A great ACH alternative
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Three essential facts about using ACH – important things to consider
Once you’ve found the perfect ACH online sports betting provider, you can start playing! Keep these few things in mind before you begin:
Conclusion – reliability is where ACH online sports betting shines
Let’s summarize what we’ve learned about ACH in this guide. First, it provides you with solid safety and security for your funds. As the funds’ transfers are facilitated by a bank, which does proper verification, your deposits and withdrawals have never been safer. Deposit speed is on par with other providers, but you should remember that withdrawals could take longer than others. It’s a versatile payment platform that accepts bookmakers and offers deposits and withdrawals. To find out which sports betting providers offer ACH support, you can look at our operator reviews for more information.
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ACH online sports betting FAQ
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