VIP Preferred Betting Sites in the US
VIP Preferred offers patrons high deposit and withdrawal limits. No fees are charged when using this payment method for online sports betting. Creating an account with VIP Preferred is free and simple, and you can complete your account in just a few minutes.
We look at the best VIP Preferred sportsbooks, as well as how to deposit and withdraw using this payment option. Apart from that, we examine the benefits and drawbacks of using VIP Preferred for sports betting.
Best VIP Preferred Betting Sites in September 2023
Top Results for Virginia, US | # | Sportsbook | Bonus | Visit Site | T&Cs | ||||
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Caesars Sportsbook |
Bet $50 Get $250 in Bonus Bets Cashback |
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Play |
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2.
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BetMGM |
Up to 1000$ first bet offer Free bet |
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Play |
Use bonus code: No bonus code required. Register to claim offer
Qualifying bet: No minimum bet amount and no odds restrictions Wagering requirement: 1x bonus |
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Unibet |
Up to $500 free bet Free bet |
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Play |
Use bonus code: No bonus code required; Register to claim
Qualifying bet: $10 or more Wagering requirement: 1x bonus |
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4.
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WynnBET |
Bet $100 get $100 in free bets Cashback |
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Play |
Use bonus code: XUSBETTOP; Register to claim offer
Qualifying bet: Bet $100 or more at minimum odds of -120 Wagering requirement: 1x bonus |
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5.
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DraftKings Sportsbook |
Bet $5 get $200 in free bets instantly Free bet |
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Play |
Use bonus code: No bonus code required; Register to claim
Qualifying bet: $5 Wagering requirement: 1x bonus |
If you’re not sure which site to pick from our list of the best US sportsbooks that accept VIP Preferred, take a look at some of our sportsbook reviews.
Pros and Cons of Using VIP Preferred for Betting
VIP Preferred is a widely accepted payment method for online sports betting, it’s also rare that it’s not accepted for bonuses.
Creating a new VIP Preferred account is free of charge, and you can enroll with VIP Preferred on the online sportsbook itself. VIP Preferred also doesn’t charge any fees when depositing or withdrawing.
With VIP Preferred, you can deposit and withdraw your funds using the same account. You also won’t need to input your bank account details again after your first deposit, which makes depositing and withdrawing much quicker.
Another advantage of using VIP Preferred is their high deposit and withdrawal limits. These limits vary according to the sportsbook you’ve joined and the limit VIP Preferred has set up on your account.
- Widely available at sportsbooks
- Free account creation
- Supports deposits and withdrawals
- No fees for deposit/withdrawals
- High deposit/withdrawal limits
- Slow withdrawals
- 7 day transaction limit
You also have to consider the disadvantages of using VIP Preferred, the main one is the slow withdrawals. The average withdrawal payout time is between 3-5 days. However, some sportsbooks like BetMGM Sportsbook take 3-7 days to process and complete a VIP Preferred withdrawal.
We highly suggest PayPal if you’re looking for a fast withdrawal payment method since it only takes 1-2 days to receive your funds.
Once you enroll on VIP Preferred, a 7-day transaction limit is added to your account. VIP Preferred usually calculates this limit according to your past deposit amounts on your bank account.
You can request this limit to be higher or lower by contacting customer support on their VIP Preferred’s official website. Most sportsbooks, however, allow you to withdraw a 4-digit amount each week.
Best VIP Preferred Betting Bonuses
VIP Preferred is widely accepted as a payment method for welcome bonuses and promotions. VIP Preferred online sportsbooks offer different deposit and withdrawal limits, however, they’re usually very similar limits.
The average amount of a welcome bonus that accepts VIP Preferred is between $200 to $1500. A large majority of these bonuses are free bets, then there are a few which are match deposit bonuses. SugarHouse Sportsbook, for example, is one of these welcome bonuses to offer a match deposit bonus.
Below we list the best sportsbooks welcome offers according to what you’re looking for in a bonus. Since there are a lot of sportsbooks to choose from that accept VIP Preferred, you can always join a new one if you dislike the one you’ve joined.
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Apart from accepting VIP Preferred, WynnBet offer boosted odds each day on selected betting markets. If WynnBet is not accepted in your state, you can visit Caesars Sportsbook and try out their ‘Boosts’ section for parlay bets.
We highly recommend Caesars Sportsbook for the best free bet offer as it’s not only the highest welcome bonus that you can find, but you can easily qualify for it. The only wagering requirement for it is only 1x for the free bets that you receive. There aren’t any minimum deposits required neither any odds restrictions for it.
Best VIP Preferred Racebooks
Unfortunately, there isn’t a lot of choice for bettors who want to bet on racing with VIP Preferred. As there is currently just one racebook that accepts VIP Preferred. When you deposit or withdraw using VIP Preferred, it’s the same process for any sportsbook.
Twinspires is the one and only VIP Preferred racebook. Luckily for you, it has competitive odds, a great interface, and a decent selection of betting markets to choose from.
| # | Sportsbook | Bonus | Visit Site | T&Cs | |||
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TwinSpires |
200 $ BONUS $200 free bet |
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Play |
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There are many other horse racing betting sites if you’re open to using other payment methods. Payment methods like PayPal, VISA, Mastercard, and Skrill are some of the payment methods that you can use on racebooks.
How Does VIP Preferred Work?
VIP Preferred is a type of ACH payment, basically, an electronic payment network that’s widely used across the US. VIP Preferred is an e-check payment that can be used for sports betting. An e-check is a specific kind of ACH payment.
Once you connect your bank account to your VIP Preferred account, your bank funds are sent directly to the sportsbook. There is no middleman when using VIP Preferred. Even when withdrawing, your funds are sent directly to your bank account.
You can create an account with VIP Preferred directly on the sportsbook by selecting it as your deposit payment and clicking on enroll. You can have up to four different bank accounts connected with a VIP Preferred account.
To create a VIP Preferred account, you must use the following details:
- State ID card or a valid driver’s license
- Bank account number
- Bank routing number
Below you can find a detailed explanation of how to deposit and withdraw with VIP Preferred. We also mention all the fees involved with this payment method.
How to Deposit with VIP Preferred at Online Sportsbook?
Before placing a deposit with VIP Preferred, you must create an account, this can be done directly on the sportsbook.
Simply head to the cashier section of the sportsbook first. Tap on deposits and select VIP Preferred. Tap on the enroll option to create a new account, it only takes a few minutes to complete the account and you’re done.
The sportsbook then proceeds to your deposit with VIP Preferred, and the funds you deposited are sent directly from your bank account to the sportsbook. The funds appear in your account instantly if the deposit is a success.
One of the biggest advantages that this payment offers is quick deposits. As you only need to input your VIP Preferred account number and password to deposit with it. The following steps can help guide you on how to deposit after you’ve created your VIP Preferred account.
Use your username and password to log into your account.
The cashier button is usually found on the top left side of the sportsbook.
After you tapped on deposits select VIP Preferred as your payment method.
Enter the deposit amount you wish to fund your account with.
The funds appear in your account instantly if the deposit was successful. You can start placing bets straight away.
VIP Preferred Payouts from Sports Betting Sites
Withdrawing using VIP Preferred is a simple process. Since you only need to log in to your VIP Preferred account and write the withdrawal amount to complete the process.
VIP Preferred withdrawals can take up to 5 days to be processed, and at some sportsbooks like BetMGM can take between 3-7 days. If you want to get your money faster, we suggest taking a look at some of the PayPal betting sites.
Fees and Processing Times
When using VIP Preferred as a deposit or withdrawal payment method you will not be charged any fees. Therefore, VIP Preferred is fully fee-free, regardless of whether you use it to deposit or withdraw funds to your betting site account.
VIP Preferred is well known for its high limits, although the limit varies according to the online sportsbook you’re using. The average limits available for online sports betting can be found in the following table below. With Play+ for example, you can only deposit a maximum of $5000, while with VIP Preferred, you can deposit way more than this limit.
Note that VIP Preferred offers slow withdrawals, 5 days is quite a lot of time to receive a withdrawal. Especially when you compare it with payment methods like VISA or PayPal, which take only 1-2 days for you to receive your money.
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*The maximum withdrawal limits vary based on the sportsbook’s withdrawal policy.
How Secure is VIP Preferred?
VIP Preferred provides patrons with a convenient sportsbook payment method that is now accepted at over 500 casinos and as well as some online sportsbooks. You can set up four bank accounts with each VIP Preferred account.
All transactions through VIP Preferred for online sports betting are safe and secure. One of the security features this payment method has is that there isn’t a third party involved in the transactions. Your funds are sent directly to and from the sportsbook to your bank account.
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ChargebackWe couldn’t find any detailed information about a chargeback when using VIP Prefered. If you need a chargeback, we suggest calling customer support. It is available 24/7.
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EncryptionApart from the standard encryption, VIP Preferred uses SSL encryptions and firewalls when processing your e-check. This kind of encryption keeps all your data safe and secure.
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Two-factor authenticationVIP Preferred doesn’t offer two-factor authentication. You can use PayPal if you are looking for a payment method that has this feature.
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Preserving positive brand imageVIP Preferred which is owned by Global Payments is on a mission to keep on working hard to offer simple, fast and secure payments for everyone.
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Payment notificationsThere isn’t any info on payment notifications, so you would have to check your VIP Preferred account for any payment checks you might need to make.
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Monitored transactionsNo information was found on the official website of VIP Preferred on whether they monitor transactions or not. However, only you know your password and account number, so your data and money are safe when using VIP Preferred.
Not Recommended VIP Preferred Betting Sites
You can only use VIP Preferred on legal and licensed sportsbooks since it’s not available on offshore sportsbooks. Therefore, you can rest assured that you are dealing with a safe and licensed sportsbook if VIP Preferred is one of the payment options.
How We Rate the Best VIP Preferred Betting Sites
It was a bit difficult to find the best VIP Preferred sportsbooks since there is quite a choice. We used a set of points to help us rate the best VIP Preferred sports betting sites, which we list below. We always update the following points according to any changes in the market, so you can rest assured the info below is correct.
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LicenseIf VIP Preferred is available on a sportsbook you can rest assured that it is a licensed and legal sportsbook. Since VIP Preferred is only available on legal US sportsbooks.
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BonusesThere are multiple bonuses that you can use VIP Preferred, from free bet welcome bonuses to match deposit bonuses. The free bet bonuses are between $200 all the way up to $1500. The average wagering requirement for these bonuses is 1x the free bets you receive.
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Mobile appsAny sportsbook we mention has a betting app available that you can download. All of which are available to download on iOS or Android. Depositing and withdrawing using VIP Preferred on these betting sites is the same process as the desktop version. It’s simple and easy, you can also create your VIP Preferred account on the betting itself.
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Quality of oddsWhen recommending sportsbooks that accept VIP Preferred, we always make sure to take the quality of odds into account. There are a lot of betting markets to choose from when using VIP Preferred as your deposit payment method.
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Live bettingThe most exciting kind of betting is definitely live betting, and not all sportsbooks are good in this area. The sportsbooks that we recommend have a great live betting section. Make sure you create your VIP Preferred account before a live match just in case it takes you more time than usual. After you’ve deposited the first time, it’s a very fast depositing process, and you can deposit right before or during a live match as the funds appear instantly in your account.
VIP Preferred Alternatives for Online Betting
If you’re still unsure about utilizing VIP Preferred, we’ve put together a list of three alternatives that are similar to VIP Preferred but offer additional benefits.
For example, Skrill is an ewallet payment method available for online sports betting. Skrill offers quick withdrawals, something which VIP Preferred lacks. The downside is that you have to pay a fee for using this payment method, unlike VIP Preferred.
If you’re someone who uses PayPal already, then you should know that this payment method is also accepted at a lot of sportsbooks. They also offer high withdrawal limits with a shorter payout time than VIP Preferred.
Skrill
PayPal
Play+
VIP Preferred Company Information
VIP Preferred has managed to create a safe way to process e-checks since physical checks are not as safe. This payment method has become the preferred e-check across the US.
Global Payments, the company that owns and operates VIP Preferred, has been around since 1967. They have since created VIP Preferred to offer users a seamless payment experience across different platforms.
The app that VIP Preferred offers is for patrons that use this payment method for casinos. It is used to fund and withdraw from your VIP Preferred account and to use your phone to pair it with slot machines.
VIP Preferred has excellent customer support. You can contact them by phone or email at any time since they are available 24/7 to help you.
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History
In the starting years, they called the company National Data Corporations also known as NDC. From a simple concept in 1967 to the real implementation of this idea, they created specialized data processing services.
The start of National Data Corporation
NDC started from an idea George W.Thorpe a retired US Air Force had. The company quickly was formed and there were three offices in the US.
NDC used for MasterCharge authorization
The specialized data processing service that NDC offered was being used by Mastercharge nowadays known as Mastercard.
New services by NDC
The company made several acquisitions, developed new services, and processed more credit card transactions than any other company in the world.
NDC company name change
NDC company name is changed to Global Payments Inc.
Global Payments Inc. growth
After the companies name change, they continued to grow and innovate their services.
TSYS combined
TSYS was combined with their other services so they started offering pure-play payments technology.
Conclusion
VIP Preferred is a favorite among sports betting patrons for all the right reasons. For starters, you aren’t charged any fees when depositing or withdrawing with VIP Preferred. Secondly, it is widely accepted at sportsbooks, and you have a great variety of sports betting sites and betting apps to choose from.
You can be sure that you’ll have a hassle-free experience when using VIP Preferred for your online sports betting. Since you only need to login into your VIP Preferred account to make a deposit, it’s the perfect choice for live betting as it’s quick and easy. The funds appear in your sportsbook account instantly, and you can place your bet.
We highly recommend you try out VIP Preferred for your online sports betting. If you’re still unsure if it’s the right payment method you can always re-read our expert review for it.
FAQs
Which sportsbooks accept VIP Preferred?
Almost all online sportsbooks accept VIP Preferred for both deposits and withdrawals. You shouldn’t worry that your sportsbook doesn’t accept VIP Preferred since it is very rare that this payment method is not accepted.
What is the withdrawal limit when using VIP Preferred?
The withdrawal limit will vary according to the sportsbook you’re going to be betting with, but the average withdrawal limits are very high when compared to other payment methods.
Will I be charged any fees if I use VIP Preferred as a payment method?
No, you will not be charged any fees or charges from the sportsbook when using VIP Preferred which is a great reason why you should use this payment method. You shouldn’t worry about VIP Preferred taking any fees either as they are very keen on keeping their services free of charge.
Is VIP Preferred safe to use?
VIP Preferred is a very safe and legit betting payment option that you can use to deposit or withdraw funds from your account. The ACH payment is processed directly from your bank to your sportsbook account.
Can I legally bet using VIP Preferred?
Yes, you will be utilizing a legal and secure payment method with VIP Preferred. Using VIP Preferred for your online sports betting is quick and straightforward; for more information, see our deposit and withdrawal tips.