Prepaid card betting sites in New Mexico
A prepaid card operates much in the same way as a debit card. You can use it to deposit or withdraw funds in an online casino. The two ways of acquiring the card are through purchasing or as a gift. Prepaid cards can be digital or physical in nature. There are many prepaid card betting sites in New Mexico that welcome this type of payment method. These sites accept different types of prepaid cards as part of their payment methods.
Though New Mexico has not yet legalized online gambling, some tribes legally operate physical locations in the state. They offer locals opportunities to gamble from within the premises. You can also participate in Daily Fantasy Sports (DFS) in the state. Sportsbooks like FanDuel and DraftKings offer this service. These are, therefore, the only online betting services that you can access legally in the state. This review gives you more information on that. Read on to find out.
What is a prepaid card?
As the name suggests, these are cards on which you load funds and then proceed to spend. They, therefore, act like debit cards. However, unlike debit cards, prepaid cards are not linked to any bank checking account or other credit union shares. These cards enable you to spend money without having to carry cash with you. They also act as a banking instrument where you can store funds.
You can get most prepaid cards by purchasing them. However, you can also get some of the cards as gifts, like the ones you receive in a department store. For example, each time you purchase a gift from that store, you can earn points and later redeem these in the form of cash. Commercial prepaid cards include Mastercard, Visa and Maestro. Prepaid cards generally charge very low fees on transactions. You can also use them to withdraw funds from certain ATMs.
Depositing using prepaid cards on New Mexico betting sites
The process of making deposits using prepaid cards in New Mexico betting sites is very easy and only takes a few minutes. Just follow this step-by-step guide to make a deposit using a prepaid card.
Can I withdraw to my prepaid card from an NM betting site?
No, you can’t since a prepaid card has no connection to a bank account. Getting funds into your prepaid card has specified loading processes not provided by betting sites. You can only load money from the card operator. This means that the card only enables you to spend. When it comes to loading on cash, you must turn to the card operator for help, if the card is reloadable.
Prepaid card brands accepted on NM sportsbooks
New Mexico sportsbooks accept many different prepaid cards. In a particular sportsbook, you will find the prepaid cards you can use.
Types of prepaid cards you can use on New Mexico sportsbooks
The classification of prepaid cards is according to the way they operate. Some you can only use once and dispose of, while others you can use several times. Then, there are cards only you can only use in specific retail outlets, while others are applicable in different outlets. There are many types of these cards that you can use on prepaid card gambling sites in New Mexico. The main types are below.