The best way to fund and get paid.

MadJack

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This is the best way now. Get this setup, and it's easy, and have control over your sports book funding and payouts. Get your cash in minutes from your payouts.

Check it out and ask questions here.

https://bitpay.com/visa/faq

This is better than PayPal for you and your sports book.
 

MadJack

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I'm telling you. I requested a payout about 30 minutes ago and now I have the cash in my hand.
 

MOOSCAPELI

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Hey Jack, I've been asking around in the Forum about this Bitcoin payout method because 5dimes has recommended and told me this was my best method to get payouts from this point on. So I was doing some studying on it online earlier and seen where someone said you can receive payments in your bitcoin wallet and transfer it from there to your bank account. They mention that if you had a credit card you can have it loaded onto there directly are they referring to the bitpay card or a personal credit card do you know. Also wanted to ask when you say you received your money within 30 minutes was it in your bitcoin wallet or on your card this all seems a little complicated but from what I'm hearing once you use it a few times it's pretty simple and I'm hoping that's the case with that said any help you can give me would be appreciated. Thanks
 

MadJack

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Hey Jack, I've been asking around in the Forum about this Bitcoin payout method because 5dimes has recommended and told me this was my best method to get payouts from this point on. So I was doing some studying on it online earlier and seen where someone said you can receive payments in your bitcoin wallet and transfer it from there to your bank account. They mention that if you had a credit card you can have it loaded onto there directly are they referring to the bitpay card or a personal credit card do you know. Also wanted to ask when you say you received your money within 30 minutes was it in your bitcoin wallet or on your card this all seems a little complicated but from what I'm hearing once you use it a few times it's pretty simple and I'm hoping that's the case with that said any help you can give me would be appreciated. Thanks
Forget that card, they don't do ATM cash withdrawal anymore. You can use it to spend as a Visa card but can't use it to pull cash out.

You will need an account at coinbase.com to buy your bitcoin and withdrawal your bitcoin. You're also going to need a wallet to use between coinbase and your sports book because if coinbase finds out you send and receive from a sports book, they will close your account.

Buy bitcoin at coinbase, send that bitcoin to blockchain.com, then send it to your book. Or, have the book send to your blockchain.com account then you send it to your coinbase.com account then send the bitcoin converted to USD to your bank account.

Sounds complicated but is simple once you do it a few times.

Setting up and buying bitcoin for the first time at coinbase is going to take about a week because of everything you need to do to set it up. It might even take 2 weeks.

You may as well get started because bitcoin is the future.
 

MOOSCAPELI

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Okay Jack thanks...just have one more question and this may be a stupid one so if it is please just overlook my dumb ass lol but just curious why does a person need to buy Bitcoin to get a withdrawal from book can you not just get a withdrawal sent from book to bitcoin wallet and then transfer that in US funds and send to bank account. I understand that I may need coinbase.com in order to do that but my question is why do I need to buy Bitcoin to receive money or am I buying it for another reason once again I'm sorry if that's a stupid question just not familiar with any of this yet till I get a chance to dig into it and read more later and hopefully I will understand more then but just had this last question for now
 

MadJack

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If they will pay you BTC without depositing BTC then just get the blockchain.com account to have them send to you and get the coinbase.com account for you to send from blockchain to yourself so you can turn to USD and send to your bank.

Terrible sentence but I'm in a hurry. Hope it makes sense, if not, I'll clear it up later.

Or just get the blockchain account for now and worry about the transfer later. You can have that up and running today. Just let it sit there in your blockchain account.
 
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