Each sportsbook offers different banking options to players, and some even have very different deposit/withdrawal options available for gamblers to choose from.
In the particular case of Loose Lines, you'll be able to tell that they offer Money Bookers and Direct Deposit as the main options for you to deposit your funds into your account. However, they also mention the possibility of employing other methods for which you would need to call and ask directly.
Now, Money Bookers is a very secure and trusted e-wallet used around the globe; and if you have the option to do use it, you should.
On the other hand, direct deposits are safe but it takes time to have the transfer show in your account (usually 5 to 10 business days). In case you opt for this alternative, you should know that you have the option to make the deposit in US dollars or Euros. Also, direct deposits tend to charge a higher fee per transaction than e-wallets, so be sure to take that into account when making the transfer.
As for the other options, usually paper checks are accepted by most sportsbooks - you should call and verify - but these take much longer to be processed (they need to be sent by mail).
In the case of Loose Lines, the minimum amount you can deposit each time is US$50.
Now, regarding the withdrawal methods available, the main option is Money Bookers.
There are other available methods available for which you must call for details, but these most commonly include direct deposits and paper checks.
As with the deposit options, Money Bookers is definitely the way to go if you are eligible for their service, but if not, probably a direct deposit would be the best option (paper checks tend to be a last resort since they may get lost or stolen).
Loose Lines process payouts 5 times a week, and they charge a certain fee according to the amount you are withdrawing:
$50 to $500: $25
$501 to $2,500: $45
$2501 to $5,000: $65
They also say that at the sportsbooks own discretion they can limit a player's withdrawal limit to $2,500 per week.
Finally, when withdrawing money from Loose Lines, if a bonus is involved, these are subject to a Make Up figure.
According to them a Make Up figure is:
"Any withdrawal creates a "make up". A make up figure is money that is withdrawn and needs to be replaced before any further bonus is paid.
Example: If a player deposits $500, receives his bonus and after a few winning bets decides he would like some of his money and he withdraws $800, he has created the make up figure. He must replace the $800 before any other upfront bonus is awarded for deposits."
And an active account is:
"An active account is defined as having funds and having played at least $50 four out of the last seven days."
In the particular case of Loose Lines, you'll be able to tell that they offer Money Bookers and Direct Deposit as the main options for you to deposit your funds into your account. However, they also mention the possibility of employing other methods for which you would need to call and ask directly.
Now, Money Bookers is a very secure and trusted e-wallet used around the globe; and if you have the option to do use it, you should.
On the other hand, direct deposits are safe but it takes time to have the transfer show in your account (usually 5 to 10 business days). In case you opt for this alternative, you should know that you have the option to make the deposit in US dollars or Euros. Also, direct deposits tend to charge a higher fee per transaction than e-wallets, so be sure to take that into account when making the transfer.
As for the other options, usually paper checks are accepted by most sportsbooks - you should call and verify - but these take much longer to be processed (they need to be sent by mail).
In the case of Loose Lines, the minimum amount you can deposit each time is US$50.
Now, regarding the withdrawal methods available, the main option is Money Bookers.
There are other available methods available for which you must call for details, but these most commonly include direct deposits and paper checks.
As with the deposit options, Money Bookers is definitely the way to go if you are eligible for their service, but if not, probably a direct deposit would be the best option (paper checks tend to be a last resort since they may get lost or stolen).
Loose Lines process payouts 5 times a week, and they charge a certain fee according to the amount you are withdrawing:
$50 to $500: $25
$501 to $2,500: $45
$2501 to $5,000: $65
They also say that at the sportsbooks own discretion they can limit a player's withdrawal limit to $2,500 per week.
Finally, when withdrawing money from Loose Lines, if a bonus is involved, these are subject to a Make Up figure.
According to them a Make Up figure is:
"Any withdrawal creates a "make up". A make up figure is money that is withdrawn and needs to be replaced before any further bonus is paid.
Example: If a player deposits $500, receives his bonus and after a few winning bets decides he would like some of his money and he withdraws $800, he has created the make up figure. He must replace the $800 before any other upfront bonus is awarded for deposits."
And an active account is:
"An active account is defined as having funds and having played at least $50 four out of the last seven days."
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