For a number of years PayPal has been the number one e-commerce site in the world. Customers around the globe have been using it to purchase items off the internet and make safe and secure money transfers nearly instantly. Unlike bank transfers that used to be tedious and slow, PayPal betting transfers are fast and reliable.
For many years, online gambling operators and PayPal were not in the best of relations, likely due to PayPal not believing such transactions were always safe. However, in recent years a growing number of online gambling sites have partnered up with PayPal and the number of PayPal betting sites has grown dramatically.
PayPal betting sites allow for quick and easy deposits and withdrawals from your PayPal balance or directly from your bank account through the processor. PayPal transactions are safe and fast and this makes PayPal betting sites some of the most attractive ones in the industry.
We took a close look at a number of PayPal betting sites and investigated just how easy it is to move money around with PayPal. The results were quite pleasing, so keep reading and learn how you can benefit from using PayPal betting sites.
What Is PayPal?
PayPal is an e-wallet, allowing customers with a PayPal account to use funds from their wallet to pay for various services. PayPal has been around since the late 1990s and in association with Ebay it has become one of the most recognizable names in the online world. PayPal can be used in two ways. First of all, you can have money in your PayPal balance, which can be used to instantly pay for goods or services. Secondly, you can use funds from linked bank accounts and credit cards to pay in a more anonymous way, without disclosing your banking info to various merchants around the internet.
PayPal is very convenient and safe, which is why so many customers around the world choose to use this e-wallet instead of sharing their banking information with just about anyone. The greater anonymity and safety that PayPal brings has helped millions of customers with their transactions and now PayPal is also available to gambling customers.
How Can I Use PayPal For Sports Betting?
Sports betting is the favorite pastime of so many thousands of individuals worldwide. While online betting is fun and exciting, getting the money into your sports betting balance can be somewhat tedious and annoying. This is why the use of e-wallets such as PayPal is so popular among the online gamblers of all types.
First thing you will need to start using PayPal betting sites is a PayPal account. The PayPal account is easy to set up at their site, but you must be careful as this is a proper banking method and PayPal take security very seriously. If you input false data, there is a good chance you will get banned sooner or later. What is more, in order to really move money around, you will need to connect your credit cards or bank accounts to your PayPal, so you could upload and withdraw money from your balance.
Once your PayPal is all set up and funded, you will need an account with one of the PayPal betting sites. Fortunately a growing number of PayPal betting sites have been emerging and most popular bookmakers now allow PayPal as banking method. Once you are ready with your betting account, depositing money from your PayPal account is quick and painless. A few simple clicks of the mouse will be sufficient to get your transactions through and have you ready to start betting sports.
How Safe Is Betting with PayPal?
PayPal has been used for many years for various types of online transactions. Amazon and Ebay have been using this payment processor as their favorite payment method for many years. The security policies in place at PayPal make sure that in cases of hacking or fraud, the money is returned to the customer in a vast majority of cases.
What’s more, hacking a PayPal account is by no means easy. The certificates, encryptions and passwords used by this e-wallet are extremely difficult to get around. Additional precautions can be added to your account to make it even safer.
Another thing some people worry about is giving away their PayPal password to the PayPal betting sites. This does not happen at any time. Every time you are making a PayPal deposit, you are simply redirected over to the PayPal site. You will only be typing your password in their form and never have to share any type of banking details with anyone.
In fact, it could be said that using PayPal for online betting is likely the safest method. Using your debit cards for instance can get your banking information exposed. This can happen if you are using unsafe and unregulated online betting sites or if your computer is compromised. In either case, with PayPal, you will only use your banking information once, and from there you will always use your PayPal account for maximum safety.
PayPal Betting Sites Perks
Many PayPal betting sites provide additional perks for punters who use PayPal. These perks include additional bonuses and free bets at PayPal betting sites as well as exclusive promotions for PayPal users. Many PayPal betting sites have an interest in you using certain payment methods, and PayPal is one such method.
Make sure you do your research and take full advantage of all the perks that PayPal betting sites provide their customers with. You will surely be happy to see those extra free bets and bonuses floating around your account, so enjoy it to the fullest.
Are There Any Fees For PayPal Sports Betting
Most online money processors charge some type of a fee at some point. You will be happy to hear that if you are funding your PayPal account directly from your bank account, there is absolutely no fee in place. If however, you are using a debit or credit card to fund your account, a 2.9% fee will be charged when you are funding your account.
Most PayPal betting sites will take any fees associated with depositing money into your betting account upon themselves. If there is a withdrawal fee it will always be fairly small and usually capped at a relatively small amount. While some small fees may be charged at some PayPal betting sites, the added security and the ease of transfer as well as withdrawal speed which is usually lightning quick are well worth the extra few pounds.
Can Everyone Use PayPal Betting Sites?
PayPal betting sites accept many customers from all around the world, but there are some restrictions. For instance, people from the USA are completely banned from participating in online gambling. This is why US PayPal accounts cannot be used to fund PayPal sports betting accounts. There are many other countries where online gambling is illegal, and PayPal always respect these decisions by the lawmakers.
If you live in a country where online gambling is fully legal, such as the UK, than you will experience no issues. UK punters will in fact love using PayPal to make their sports betting deposits and withdrawals as they are easy to make and take a very short time to arrive.
Are There Any Downsides To Using PayPal Betting Sites?
Truth be told, there is literally no downside to using PayPal as your deposit method. If you don’t mind the occasional small fee, which accompanies most banking methods, PayPal is really one of the best ways to fund your online gambling accounts. The extra safety and anonymity this processor adds are well worth the small fees you may have to pay.
Additionally, PayPal deposits and withdrawals are fast, easy to make and not susceptible to theft. If in any case you get stolen from by anyone, there is no one who will help you faster and with more care than PayPal. The company has been in business for decades and has always put their customers first.
While some countries are still excluded from using PayPal for online gambling, more and more countries are being added to the list. What is more, new PayPal betting sites are getting opened by the day, and we can expect that very soon practically every online bookmaker will accept PayPal as a deposit method.
Get Started With PayPal Betting Sites
New PayPal betting sites are emerging on a daily basis and there has never been a better time to be a PayPal customer. Funding your online gaming accounts with PayPal funds is quick, safe and easy. With so many PayPal betting sites available, there is little reason to ever share your banking information with anyone other than PayPal.
You can start using the popular e-wallet to make your online gaming transactions today. Simply create a PayPal account and you can join any PayPal betting sites you desire and have your money ready for betting within minutes. With such an easy and cheap process, why not choose PayPal as your favorite online gambling payment method?!