Money In, Money Out (MIMO) Requirement on BetMGM

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The “Money In, Money Out” rule on BetMGM is a policy that requires users to withdraw funds using the same payment method that was used to deposit the funds. In other words, you cannot withdraw money from your BetMGM account using a payment method that you have not previously used to deposit funds into your account.

This rule is designed to protect against fraudulent activity and money laundering. It ensures that the person making the withdrawal is the same person who made the original deposit and that the funds are being sent to a legitimate account that is associated with the user.

For example, if you deposit funds into your BetMGM account using a credit card, you will need to withdraw those funds using the same credit card. Similarly, if you deposit funds using an e-wallet like PayPal, you will need to withdraw using the same e-wallet.

It’s important to note that while the “Money In, Money Out” rule is a common practice among online gambling sites, it’s always a good idea to read the terms and conditions of any site you’re using to make sure you understand their specific policies and procedures for depositing and withdrawing funds.

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Eamonn KeenanEamonn Keenan
Eamonn Keenan, with a Digital Arts Degree from the University of Tampa, brings over a decade of sports betting experience to his role as Creative Director at Starting with Betting Hero in the Fall of 2020, Eamonn has been deeply involved in the industry, assisting customers with major sportsbook and casino operators like BetMGM, Caesars, DraftKings, and others. A self-proclaimed sports fanatic, he has a keen interest in professional hockey, MMA, NFL, NCAAB, NCAAF, and MLB. Eamonn enjoys researching teams and players to predict game outcomes, highlighting his passion for sports betting.