Disadvantages of using PayNearMe
PayNearMe has a few practical disadvantages you should know before choosing it. While most of the pros look great, they have another side as well, which is considered a flaw.
You need to travel
While having to visit a physical store to make the deposit has its perks, it definitely is not for everyone. Even though it helps you control your betting, which is super important when to comes to such entertainment, you may not want to leave your house in the middle of the night in order to place a bet.
Besides, it ends up costing you more because you have to spend money on gas too. Furthermore, there may not be a 7-Eleven or a CVS near you, and you may have to make a long distance.
Being a cash-only way of payment is a double-sided coin. On the one hand, you can not spend more money than you already have, so you will not end up in debt. On the other hand, a credit card offers safety, a certainty. For example, let's say that you are wise about your gambling and that you do not overspend.
Your payday might be on Monday and you want to place a bet on Saturday but you do not have the cash to do it. A credit card would allow you to do it. But PayNearMe is strictly by cash.
Thus, you would end up missing that bet, just because you did not have cash. Another scenario could be you not having an ATM near you to withdraw the money and deposit it to PayNearMe. So, you would have to make an even bigger distance.
It’s not free
PayNearMe is not a free payment method. When you go to the store, you do not pay just your deposit, you also pay a small commission to the platform, which varies depending on your location and the amount you deposit.
There are cases where there is no fee at all, but there are also cases where the fee is very expensive because it goes up to $5,99. In most cases, however, the fee is usually $1,99. So, in total, if you combine the fee with the money you spend on gas in order to get to the store, you end up spending more money than the amount you were planning on depositing.
You can miss out on bonuses
Unfortunately, sometimes PayNearMe eliminates your chance of getting the best betting bonuses in Illinois. Many bonuses are not eligible for payment with PayNearMe. So, if you want something very specific to bet on, chances are you may not be able to do it with PayNearMe.
Actually, PayNearMe online gambling websites are not as many as one would think, eliminating your choices even more. So, in order to not fall into this unfortunate occasion, before claiming a bonus, read in the terms and conditions if it is eligible with this payment option.