Which sportsbooks in Illinois accept American Express?
There is currently 1 sportsbook in Illinois that accept American Express: DraftKings. This means that you can deposit funds using American Express on this sportsbook.
About American Express
American Express (AMEX), as a company, was founded in 1850. But it was not until 1958 that the first AMEX card was issued. The brand is headquartered in New York, United States, with a couple of branches.
AMEX is a secure payment method that many Illinois residents use to perform transactions. It has more than 110 million cards worldwide, and several online sports betting sites in IL now accept it as one of their primary payment options.
Types of AMEX Cards
There are different types of AMEX cards available: credit cards, debit cards, and gift cards. You can apply for the card of your choice either through a supported bank or the American Express website. Make sure you have all the necessary information and a good credit score when applying, as this goes a long way to determining whether you will get the card.
However, the most common type of American Express card used in the United States is the credit card. Many online betting sites in Illinois accept this card, making it a favorite choice for many players.
Processing Speed and Fees
Transactions performed using American Express cards are usually processed quickly. When you use the method at an IL sportsbook, it will be processed almost instantly. Besides that, the payment provider does not charge users any fees. The retailer is responsible for paying the fees.
However, some retailers like online casinos and sportsbooks may add small fees on deposits using AMEX to cover this. So make sure you check the payments section and terms and conditions of the merchant or retailer before using your card.
Security and Safety
American Express has several security measures in place to ensure that users' money is safe. One such is the two-authentication required for online transactions. When you use the option to make payments online, a unique code will be sent to your phone to authorize the transaction. This way, nobody can have access to your funds besides you.
In addition to the 2FA, there is an AMEX mobile app for iOS and Android that you can install, which comes with further security features. You can connect to the app using your fingerprint or face ID for stronger encryption. American Express also detects compromised cards and takes necessary measures to protect users.