Green Dot is a cash-based deposit method used primarily by legal horse racing betting sites in the United States. Most Green Dot racing betting sites walk customers through depositing step by step, but it’s not a complicated process.

Funding an online betting account with Green Dot Moneypak is almost identical to depositing with PayNearMe. The primary difference is that PayNearMe supports a vast range of horse racing and online sports betting sites, whereas Green Dot is quite limited in reach.

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Green Dot @ the Register differs from most other deposit methods because it uses cash exclusively. Funding an online racebook account with Green Dot never requires customers’ credit card numbers or banking information. As such, Green Dot is the go-to choice for security-minded bettors and anyone else who simply prefers to use cash whenever possible.

The best way to think of it is that Green Dot simplifies the process of moving cash from a bettor’s wallet to their online betting account. And with thousands of supporting retailers nationwide, bettors are likely not far from the nearest payment point.

A wide variety of convenience stores such as 7-Eleven, CVS, Walgreens, Dollar General, Dollar Tree, and Family Dollar accept Green Dot payments. Bettors can also fund Green Dot deposits at Walmart, local grocery stores, and even some pawn shops.

Anyone who prefers to use cash and has an account at most major horse racing betting sites should consider Green Dot first. All bettors need is a little cash, and they have their accounts funded in minutes without sharing their personal banking information with a third party.

How Green Dot Works for Online Betting

In short, funding an online betting account with Green Dot @ the Register is a simple matter of choosing an amount to deposit, printing or saving a generated barcode, and taking it to the register at a nearby retailer to pay with cash.

Green Dot at the Register

Bettors can initiate Green Dot betting deposits by logging in, visiting the cashier menu, and selecting “@ the Register.” After bettors input an amount to deposit, the betting site generates a unique barcode that customers can take to the nearest Green Dot location to complete a cash deposit.

  1. Log in to your betting account and visit the cashier
  2. Select “Green Dot @ the Register” as your deposit method
  3. Choose how you would like to have your barcode delivered (text, e-mail, or print it yourself)
  4. Find the nearest Green Dot location
  5. Present your barcode to the cashier and choose an amount to deposit (limits are $20 to $500 per transaction)
  6. Pay the cashier with cash
  7. Your online betting account should be funded by the time you get home

The pay slip that customers receive in step three above will look something like the image to the right. After receiving the pay slip, bettors can take it to the nearest Green Dot @ the Register location, ask the cashier to scan the barcode, and pay with cash.

Green Dot Pros and Cons

As a cash-based deposit method, Green Dot has clear-cut pros and cons. This is an excellent deposit method for bettors who want to fund their accounts with physical cash. However, it’s not the best for fans who value maximum convenience.

Green Dot is an easy and reliable way to turn physical cash into funds that bettors can wager online.

Depositing with Green Dot is less convenient than other methods because it involves visiting the nearest Green Dot @ the Register location to complete each transaction. Fortunately, Green Dot locations are so numerous that bettors rarely have to travel more than a few minutes to complete a deposit.

Green Dot is a surefire way for bettors to protect their credit card and bank account numbers because it only accepts cash.

Green Dot deposit limits are fairly restrictive, with each transaction limited to a range of $20 to $500. Additionally, Green Dot only allows customers to complete up to three transactions per day, totaling no more than $1,500.

Green Dot’s biggest downside may also be its greatest advantage. Visiting a store and paying cash is inconvenient, making it easier for bettors to control their spending. Plus, the physical act of handling cash to fund an online betting account is a timely reminder that this is real money.

In contrast, whipping out a credit card at home and depositing without touching a real dollar makes it easier for fans to wager more than they should.

Betting sites do not charge any fees for using this method, but Green Dot charges a flat fee of $4.95 per transaction. That pricing model puts Green Dot in an awkward in-between place when considering cost effectiveness. Green Dot cannot be used to deposit more than $500 at a time, yet the fee consumes a big portion of smaller transactions.

Green Dot Betting FAQ

The following questions and answers should resolve the most common issues bettors have with Green Dot deposits.

Yes. Green Dot is a publicly traded company headquartered in the United States and has agreements with major companies like Visa and MasterCard for financial services. Additionally, neither Green Dot nor online betting operators see customers’ credit card or bank account info.

Yes. Green Dot assesses a $4.95 fee on all deposits.

There are a couple of things that could have gone wrong when a Green Dot racing betting deposit fails. One possibility is the barcode has already expired. Barcodes expire 48 hours after being generated.

Additionally, Green Dot @ the Register only generates two barcodes at a time for any one customer. Bettors must use any outstanding barcodes or let them expire before generating additional barcodes.

Green Dot is a quick deposit method that usually credits funds to customers’ online betting accounts within minutes.

Bettors can deposit up to $500 per transaction and $1,500 per day with Green Dot.

No. Green Dot is only for making deposits. Typically, bettors can withdraw their winnings via electronic bank transfer, check in the mail, or a cashout to an e-wallet such as PayPal.

No. Green Dot operates primarily in the non-gaming and pari-mutuel wagering spaces. PayNearMe and sportsbook gift cards account for the vast majority of cash-based deposit methods in the legal US sports betting industry.

No. Green Dot is not a widespread deposit method outside of online horse racing betting. Players who want to play casino games online with cash can use PayNearMe instead.

MoneyPak discontinued its line of prepaid deposit cards after shifting its focus to other business areas. Today, MoneyPak only sells cards that customers can purchase with cash to add funds to compatible debit cards and gift cards.