Understanding 'Instant Deposit' on BettorEdge
Instant Deposits Help You Get Going Faster
Greg Kajewski
Last Update há 8 dias
Quick Overview
Instant Deposit allows you to immediately access and bet with a portion of your deposited funds while your bank sends the full bank transaction completes in the background. This feature lets you start betting right away without waiting for traditional banking settlement periods.
Detailed Explanation
How Instant Deposit Works
When you deposit money to your BettorEdge account:
- Standard bank transfers take 5-7 business days to fully process
- With Instant Deposit, BettorEdge advances you access to a portion of your deposit immediately
- You can use these funds for betting right away, without waiting for the bank settlement
Your Instant Deposit Limit
- New accounts typically start with a $500 Instant Deposit limit
- This means deposits up to $500 are instantly available for betting
- Deposits exceeding this limit will have the first $500 available immediately, with the remainder becoming available after settlement (5-7 business days)
- Your limit may increase over time with a positive transaction history
- Failed transactions may reduce your limit, potentially to $0
Important Considerations
Withdrawal Restrictions
- Instant Deposit funds cannot be withdrawn until they fully settle
- Your "Withdrawable Amount" may be lower than your total balance until deposits clear
- This protection ensures transaction security for both you and BettorEdge
Here's an example of how Instant Deposit works with multiple transactions and a 5 day settlement:
- Day 1: You deposit $350
- All $350 is instantly available for betting
- Your remaining Instant Deposit limit is now $150 ($500 - $350)
- Withdrawable amount: $0 (until settlement)
- Day 3: You deposit another $200
- $150 is instantly available (your remaining limit)
- $50 will be available after settlement
- Total betting balance: $500 instantly + $50 pending
- Withdrawable amount: Still $0 (no settlements yet)
- Day 5: First deposit settles
- Withdrawable amount increases to $350
- Total betting balance remains unchanged
- Day 8: Second deposit settles
- All $550 is now available for withdrawal
- Your Instant Deposit limit resets to $500
*Please note actual settlement times may vary based on bank and provider. In order to get the estimated settlement date, go to Wallet > View Order History > Expand Transaction to see date notes.
Getting Started
To make the most of Instant Deposit:
- Start with smaller deposits within your Instant Deposit limit
- Build a positive transaction history to potentially increase your limit
- Plan your withdrawals around settlement timeframes
- Remember that unlike traditional betting platforms with high fees, BettorEdge provides this service to enhance your experience.
Instant Deposit is just one way BettorEdge makes sports betting more accessible and convenient for our community.