So, let’s say you have the Cash App VISA card, you can use it to make a deposit on DraftKings.
It’s like saying we cannot use your Chase Bank but we will gladly accept your Chase VISA Card.
Does DraftKings Accept Cash App?
No, DraftKings doesn’t accept Cash App directly, but you can use it via the Cash App VISA card. Open the app and navigate To My Account. Click on My Account and select Select Debit. Enter your Cash App Card details such as your card number, expiration date, and CVV code.
I know it’s a bit contradictory but that is the situation as of now.
Can You Use Cash App Card on DraftKings?
Yes, you can use your Cash App card on DraftKings.
DraftKings Accepts Cash VISA cards along with credit and debit cards, PayPal, online banking, and more, that you can use to fund your account.
How to Link Cash Card to DraftKings?
Alright, I will guide you to link your Cash App card to your DraftKings account. It’s a pretty simple process:
Step 1: Open the DraftKings App
Open the DraftKings app on your phone and log in with your account credentials.
Step 2: Go to the Deposit Page
Go to the deposit page.
- Click on the account icon
- Select “Deposit” from the dropdown menu.
- This will take you to the deposit page, where you can add funds to your account.
Step 3: Select Debit Card as Your Deposit Method
On the deposit page, you’ll see a list of different deposit methods. Look for the Debit option and select it.
Scroll down a bit if you don’t see it right away, as the phone UI differs.
Step 4: Enter Your Cash App Card Details
Here, enter your card details such as your card number, expiration date, and CVV code.
I want you to double-check the details before you hit the submit button.
Step 5: Confirm
After you’ve entered your card details, it will be linked.
DraftKings Fees
Here’s a table summarizing the fees associated with DraftKings payment methods:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time (Deposits) | Processing Time (Withdrawals) |
|---|---|---|---|---|
| PayPal | None | $0.00 | Instant | Within 24 hours |
| Visa and MasterCard | None | $0.00 | Instant | 2 hours |
| American Express | None | None | Instant | N/A (Not Applicable) |
Remember that DraftKings does not charge fees for deposits or withdrawals.
How can I Deposit Money into DraftKings Using a Cash App Card?
To deposit money using your Cash card
- Open DraftKings App
- Log in to your DraftKings account
- Click on the “Deposit” button.
- Select the “Debit Card” option and enter your card information, including the card number, expiration date, and security code.
- Enter you’d like to deposit
- Click “Submit.”
- Your funds should be available in your account almost instantly.
How to Withdraw Money from DraftKings?
Congratulations on your earnings. Now, I will help you to withdraw your winnings from DraftKings.
- Step 1: Log into your DraftKings app.
- Step 2: Go to your profile icon
- Step 3: Scroll down and select Withdraw.
- Step 4: Double Check Before Withdrawing and click Got It.
- Step 5: On the Withdraw Funds page, select the amount to withdraw
- Step 6: Click on the Continue button.
- Step 7: Choose a Cash App Debit Card or Bank Transfer to receive your funds.
- Step 8: Tap Request Withdrawal.
What Games are Available in DraftKings?
I would say it is a pretty big list with hundreds of games and sports for you to choose from.
DraftKings covers a wide array of sports, including the
- National Football League (NFL),
- National Basketball Association (NBA),
- Major League Baseball (MLB),
- National Hockey League (NHL),
- Golf,
- NASCAR,
- Mixed Martial Arts (MMA),
- Canadian Football League (CFL),
- League of Legends (Esports), and
- Soccer (EPL, MLS, Champions League).
But DraftKings is not just limited to sports. You can also find games like
- Casino,
- Daily Fantasy Sports, and
- Reignmakers, which is a gamified NFT platform.
If you dwelt a bit in the Casino section, you can find slots, table games, and live dealer games.
How to Bet on DraftKings with a Cash App Card?
- Deposit Funds: Before you can start betting, you must first deposit funds into your account. You can do this via various payment methods, including Cash App VISA Card, Credit/Debit cards, PayPal, and other alternatives.
- Find the Sport: Now that you have deposited the funds, you need to find the sport you want to bet on.
- Place Your Bet: Select the bet you want to place and enter the amount you want to wager.
- Watch the Game: All you gotta do now is to just watch the game and fingers crossed that your team wins.
Will Cash App Allow Betting Apps?
No, Cash App does allow sports betting via Bitcoin deposits. In Simple terms, UIGEA is why Cash App sports betting deposits – along with other person-to-person (P2P) apps – can’t be accepted directly by DraftKings and online sportsbooks.
So, to answer your question, I will say Cash App does allow betting apps, but it’s not as straightforward as you might think.
Payment Methods Accepted by DraftKings
- Cash App VISA Card
- Apple Pay
- Bank Wire Transfer
- Cash at Cage
- Cash at Retail Stores
- Credit Card
- Debit Cards
- DraftKings Gift Card
- Electronic Gift Card
- Online Banking
- PayPal
- Play+ Prepaid Card
- Venmo
- VIP Preferred
DraftKings Supported Banks and Cards
The App offers tons of deposit options, including credit and debit cards, bank transfers, and even PayPal.
- Visa
- Mastercard
- Discover
- American Express
- PayPal
- Play+ Prepaid Card
- VIP Preferred (e-check)
- Bank Wire Transfer
What Should I Do if I Can’t Deposit Money on DraftKings?
Well, here are a few troubleshooting tips for you:
- First, make sure that your account is fully verified
- You’re using a valid payment method.
- Contacting DraftKings customer support for assistance.
How Does DraftKings Make Money?
Let’s break down with an example of how DraftKings can make money from Mr. Cash App’s (this is the name of the person betting) betting on a National Football League (NFL) team:
1. Betting Fees (Commission):
- Mr. Cash App places a bet on an NFL game through the DraftKings platform.
- DraftKings charges a small percentage of the bet amount as a fee or commission. This fee is known as the “vig” or “juice.”
- For example, if Mr. Cash App bets $100 on a game with a 10% vig, DraftKings earns $10 from that bet.
2. Contest Entry Fees:
- DraftKings offers various NFL-related contests, such as fantasy football leagues and tournaments.
- Mr. Cash App may pay an entry fee to participate in these contests.
- DraftKings generates revenue from the cumulative entry fees paid by participants.
3. Advertising Revenue:
- DraftKings often partners with sports-related companies and leagues, including the NFL.
- Mr. Cash App may see advertisements for DraftKings within the Cash App while betting on NFL games.
- DraftKings earns revenue through advertising partnerships, including those seen by Mr. Cash App users.
4. Data and Analytics Services:
- DraftKings collects a vast amount of data on player behavior and betting patterns.
- This data is valuable to sports teams, leagues, and other companies interested in sports analytics.
- DraftKings may sell or license this data to third parties for a fee.
5. Cross-Promotions:
- DraftKings and Cash App might have cross-promotional agreements.
- DraftKings could earn revenue when Cash App users are directed to DraftKings for sports betting activities.
6. Daily Fantasy Sports (DFS):
- DraftKings offers daily fantasy sports contests where users assemble virtual teams of real NFL players.
- Users pay entry fees to participate, and DraftKings collects revenue from these fees.
7. In-Game Betting:
- DraftKings provides in-game betting options where users can place bets during an NFL game.
- DraftKings earns a commission on these in-game bets.
Frequently Asked Questions
What are the available deposit methods for DraftKings?
Does DraftKings accept PayPal as a deposit method?
Is DraftKings Safe with Cash App?
More Cash App Tutorials
