BetMGM Deposit Guide and Payment Methods
Read our deposit guide for BetMGM to learn about the payment methods, minimum deposit, welcome offer eligibility, and more.
BetMGM Deposit Methods and Terms
BetMGM is a well-known betting brand around the world, especially in the US, but it entered the UK market in the summer of 2023. Since then, a plethora of punters have been signing up for the site thanks to the sign-up deal, which is one of the best welcome offers around. The best part is that many deposit methods are eligible for this.
The minimum deposit is slightly higher than other top bookies, set at £10, but there are plenty of £5 deposit options if this is a deal-breaker. Below, we have collected everything you need to know about BetMGM and depositing funds, from the payment methods accepted to the specific terms for each.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
Mastercard
| £10 | £3,000 | No fee | Instant |
Visa
| £10 | £3,000 | No fee | Instant |
Apple Pay
| £10 | £3,000 | No fee | Instant |
Paypal
| £10 | £10,000 | No fee | Instant |
Bank Transfer
| £10 | £10,000 | No fee | Instant |
BetMGM Welcome Offers
| Operator | Welcome Offer | Bonus Code | Claim Offer | |
|---|---|---|---|---|
 |
Welcome Offer
Bet £10 Get £40 in Free Bets |
No code required
| Claim Offer | New customers only. 7 days to place qualifying bet of £10+ at 1/1 (2.0) to receive 4 x £10 Free Bets: 1 x £10 Acca, 1 x £10 Horse Racing, 1 x £10 Football, 1 x £10 Bet Builder. 7 day expiry. Exclusions apply. Stake not returned. 18+ GambleAware.org. |
|
Welcome Offer
Bet £10 Get 100 No Wager Free Spins on Big Bass Splash |
No code required
| Claim Offer | New cust only. Opt in & deposit £10 in 7 days & wager 1x in 7 days on any casino game (excluding live casino & table games) for 100 Free Spins. Wagering contributions vary. Free Spins worth 10p each on Big Bass Splash. 3 day expiry. 18+. T&Cs Apply. |
How to Deposit at BetMGM
Below, we have put together a step-by-step guide for adding funds to a BetMGM account. It should be noted that we tested the process on the BetMGM app.
Navigate to the 'Profile' Area
When you have entered the app, you need to navigate to the 'Profile' area to begin the deposit process, and this can be found in the top right corner of the app.
Enter the 'Deposit' Cashier
From the 'Profile' area, you will see a 'Banking' option and once you have tapped this, you will be given four options. In this case, we want to select the top option, 'Deposit'.
Choose Your Preferred Payment Method
Following this, you will be offered four options: Apple Pay, Instant Transfer, PayPal and Debit Card. The latter was the method we used in our test, more specifically a Visa debit card.
Enter Payment Details and Tap on 'Deposit'
Finally, enter your card details, the deposit amount and confirm you agree to the T&Cs. Finally, tap the gold 'Deposit' button, and you are free to begin betting.
BetMGM Minimum Deposit
There are many positives about BetMGM, such as the swift withdrawal times, but the minimum deposit is not one of them. The most prominent betting sites in the UK accept deposits as low as £ these days, with Lottoland even going as low as £1, but the LeoVegas-powered bookie is still stuck at £10 and this is something that will have to be fixed eventually.
The one consolation is that any payment method can be used to claim the welcome offer, which is something that you do not see everywhere. This also means that even PayPal will work and that is indeed a rarity.
BetMGM Deposits Using Debit Cards
Debit card is usually the go-to deposit method for UK punters and it is certainly popular at BetMGM as well. The minimum deposit is set at £5 and there is also a maximum of £3,000, which is rather low compared to other betting sites. We like Visa for its fast withdrawals but at BetMGM, the welcome offer being 'open' means using a debit card is not a must.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Mastercard
| £10 | £3,000 | No fee | Instant |
|
Visa
| £10 | £3,000 | No fee | Instant |
BetMGM Deposits Using Apple Pay
It is only natural that a sizeable amount of new BetMGM will opt for Apple Pay, considering the convenience and the fact that it works for the welcome offer. The minimum and maximum deposit amounts are also exactly the same as debit cards, at £10 and £3,000 respectively.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Apple Pay
| £10 | £3,000 | No fee | Instant |
BetMGM Deposits Using PayPal
PayPal is the only e-wallet option at BetMGM but this will not matter to most as it is considered the best e-wallet in the game. With a minimum deposit amount of £10 and a maximum of £10,000, the terms are slightly better than the other methods and it can also be used to claim the welcome offer.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Paypal
| £10 | £10,000 | No fee | Instant |
BetMGM Deposit FAQs
How to deposit money on BetMGM?
How long does an MGM deposit take?
Why won't BetMGM let me deposit?
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Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry. At BettingLounge, Isak makes sure that all of the content is up to date, specialising in reviews of UK betting sites.