The only difference between these two is that MoneyGram has a massive reach and many different branches across the world. Today, it’s not just the platform to send money to your loved ones who are located at the far distance, but also it allows consumers to make payments for products, services as well. Additionally, many online betting platforms also accept MoneyGram deposits. Using MoneyGram for betting is just like shifting your money from one account to checking account with online banking facility.
Millions of online bettors opt for MoneyGram betting on esports. One of the main reasons behind the increasing popularity of this platform is that it is safe to use and very efficient payment method.While sending money with MonthGram is quick and easy, it is important to understand everything about it and know the process in detail.
How to Deposit with MoneyGram?
Depositing funds in your online betting account with P2P transfer isn’t quite as simple as pulling out your credit and depositing instantly. Usually, most online betting platforms won’t list its name among the available options to deposit funds. MoneyGram may be listed under “Money Transfer”, “Rapid Transfer” or something similar, which may be a reason of confusion, but rest assured that these transfers are all sent using Western Union or MoneyGram.
The first step to transfer funds online with MoneyGram is to open a Moneygram account. It’s simple to get registered with MoneyGram since you just have to go to Moneygram branch outlet and open an account. When you have your active account with MoneyGram, you are ready to bet using MoneyGram.
Contact the support team of the betting website and mention that you want to add money with MoneyGram. I recommend connecting with support professional via phone as chat or email may result in further delay. On Phone, the team will be able to explain the individual process at that bookmaker to you. You may be needed to sign some documents at this stage, so the betting site can verify your identity for safe betting.
Once you proceed with the payment, you will get the name of an individual, located offshore, and a tracking reference number. Now you can go to the local MoneyGram office where the will wire your money and you will get a receipt and reference number. The next step here is to email your payment reference number to the selected betting site so they can reconcile your payment with your account.
The process takes usually three hours, but you may expect the payment to be visible in your account within 24 hours.
Pinnacle
The platform was launched back in 2009 and since then it has been one of the fastest growing sportsbooks in the US market. The platform is based in Curacao and licensed by Gaming Control Board. The best part here is that Pinnacle accepts players from most states, but the players from Washington D.C., Kentucky, Maryland, Lousiana, Missouri, New York, and Washington State are not allowed.
Benefits:
- Excellent reputation
- First-time depositors are eligible for a 100% deposit
- Lots of VIP features, including free half point on favorite teams
- Multiple bonus offers
- All customers are eligible for a 5% deposit
- Refer a friend and earn 20% of their first qualifying deposit
- A home to 178 total Betsoft-design slot games
Betway
It is an international gambling platform that supports betting with MoneyGram. Launched in 2006, the platform is licenses in a number of countries, including the UK, Ireland, Germany, Belgium, Spain, Denmark, Italy and Malta. The most common reason behind the increasing popularity is that the platform became an official sponsor of West Ham United FC – a well-known football club. BetWay is accredited by eCOGRA, an international testing agency.
Benefits:
- Welcome bonus up to £30
- A variety of Betway deposit & withdrawal methods
- Vast selection of sports to place bets on
- Friendly and helpful customer service via line, live chat and e-mail
- Easy to use interface that accommodates mobile betting
- Excellent Betway app
888Sports
888Sports is one of the early pioneers of online gambling, making it the most trusted and reliable platform for MoneyGram eSports betting. The platform was established back in 1997 and then launched its online betting website in 2008. They handle gaming in some form in just about every country where it’s available.
The platform was promoted by Shane Warne that increased the player base of 888Sport. It is a licensed and regulated platform to offer real money sports betting, making it a great choice to bet using MOneyGram.
Benefits:
- Bet £10 and get £30 free
- Can be reached via telephone and e-mail
- Coverage of a large variety of sports
- Numerous niche sporting odds available
- Range of payment methods available
- Withdrawals are free of charge
- Very professional layout
Pros & Cons of using MoneyGram
While MoneyGram is one of the most trusted and renowned money transfer platforms and is widely accepted by most online betting platforms, it also has its share of ups and downs.
Pros:
- Faster money transfer option as your funds will be sent to the desired location if you’re in a bind.
- No need to own any bank account to send money as it will send money online and instantly.
- No need to own an internet connection to send or receive money as most times, you will have to get the funds in person.
Cons:
- MoneyGram betting offers low payouts in comparison to the other methods as the other methods have a greater maximum payout.
- When you bet using MoneyGram, you may expect extremely high fees compared to other cashier methods.
- It is not as convenient as a check, Bitcoin, or bank wire.
