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DraftKings Payment Methods: How to Deposit & Withdraw

Wondering that payment methods will be offered by DraftKings Sportsbook & Casino when they go live in Ontario? Don’t worry, we got you covered. Find out everything you need to know about funding your account in our detailed DraftKings payment methods review.

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How to Use DraftKings Payment Methods- Step-By-Step Guide

To start using any kind of DraftKings payment methods you will first be required to sign up for a gaming account. You may then login and visit the ‘Cashier’ section to start funding your account. See the steps below for guidance on how to make deposits and withdrawals:

How to Make DraftKings Deposits

Making DraftKings deposits is expected to be extremely easy and should only take a few moments of your time. Make sure you have already registered for an account before using the step-by-step guide that follows:

  1. Login to your account and visit the ‘Cashier’ section.
  2. Pick a payment option from the list of deposit methods.
  3. Fill in the details required by the payment provider.
  4. Type in the amount you would like to deposit and click on the ‘Deposit’ button.
  5. Funds should be credited into your account immediately after a successful deposit.

How to Make DraftKings Withdrawals

Similar to deposits, DraftKings withdrawals are expected to be a quick and seamless process. Some withdrawal methods may require that a deposit had been made with it before being used for withdrawing:

  1. Login and visit the ‘Cashier’ section of your account.
  2. Pick the payment method you would like to use for withdrawal.
  3. If you have used it for a deposit already, the details may be saved. If not, enter the details.
  4. Type in the amount you would like to withdraw and click the ‘Withdraw’ button.
  5. Funds will be subtracted from your balance immediately but may take a few days to process.

*Note that you may be required to verify your identity via valid photo ID before you can make a withdrawal.

DraftKings Payment Methods

While the brand has not disclosed which exact payment options will be available when the site launches, certain options are very likely. The tables below list the DraftKing payment methods we expect to be offered:

DraftKings Payment Methods Fees Processing Time Min/Max Deposits
VISA/MasterCard Free Instant TBA
iDeal Free Instant TBA
PayPal Free Instant TBA
Paysafecard Free Instant TBA
Afterpay Free Instant TBA

draftkings payment methods

DraftKings VISA- How it Works

VISA payments are expected to be available for both credit and debit cards. Charges will be made directly to your cards. Card holder name must match the name registered on the account.

DraftKings Credit Cards- How it Works

Both VISA and MasterCard credit cards are expected to be accepted at DraftKings Ontario. Discover and American Express cards may not be included. Credit card payments will be billed directly to your card and be noted in your next invoice.

DraftKings iDeal- How it Works

iDeal uses a mobile banking app or the online banking of your bank to make direct online transfers. The transfer goes from your bank account to the bank account of DraftKings.

DraftKings PayPal- How it Works

Paypal is an online wallet which allows you to purchase funds with a bank account, credit card or debit card. Whenever you pay using PayPal, you can choose which of your cards or accounts it pays with.

DraftKings Paysafecard-How it Works

With Paysafecard you can purchase prepaid online vouchers with a 16-digit PIN code. You will not require an independent bank account, credit card, or other personal information. Simply buy vouchers at local sales outlets and pay online by entering the code at the checkout of the respective website.

DraftKings Afterpay-How it Works

AfterPay is a digital payment platform offered to online shoppers that allows them to delay payments on purchases. You will be allowed to make weekly payments with no interest charged. See the Afterpay website for more details.

If you want to know more about DraftKings, read our complete DraftKings review (pros and cons).

DraftKings Payment Methods FAQ

Read our FAQ section below for answers to common questions regarding DraftKings payment methods:

What are the fees of transfer (for deposit & withdrawal)? Are there any?

There are not expected to be any fees on the side of the operator for deposits or withdrawals. A fee could however be incurred by your payment provider.

How does the “proof of identity” process work?

You may be required to hand in proof identity via a valid government ID after signing up. Be sure to sign up with the DraftKings promo code to ensure you don’t miss out on the Welcome Bonus.

Minimum deposit/withdrawal?

DraftKings deposits and withdrawal limits may be different based on the payment method used.

Processing times for withdrawals and deposits?

Deposits are expected to be instant for the most part. Withdrawals however could take anywhere between 3-5 business days based on the method used.

How to cancel a withdrawal?

You will likely be able to cancel a DraftKings withdrawal by visiting the ‘Cashier’ section and looking at your past transactions. Cancellation should only be possible if the payment is pending.

What currencies are available on the site?

We expect USD, CAD and a few other currencies to be available at the operator.

Do all the methods listed above apply to international transfers?

We expect the above methods to all apply to international transfers.

Which are the payment methods available?

  • Visa
  • MasterCard
  • iDeal
  • Paypal
  • Afterpay
  • Paysafe

DraftKings Customer Service- 4/5

We expect customer service to be available round the clock through both live chat and email. Support should be available in both English and French to Canadian-based players. Response times for live chat should be under a minute and email replies 1-2 hours on average.