PayPal is one of the popular ways of making deposits and withdrawals at online betting sites. The simplest way to make a deposit at an online bookie, poker room or a casino is by using PayPal. It is easy and very convenient. This can be received via a transfer from a pal or a sale through the internet at an auction site. PayPal rose to fame thanks to its close ties with eBay, now it is one of the world’s biggest online payment firms with over 200 million users globally signed up. With a user-base that astronomical, it’s no surprise that the payment option is one of the popular banking methods used at casinos online and bookmakers. we’ve put together a complete guide to online betting with PayPal!
The US-based online payment system was launched in 1998. In 2001 it was hacked up and rebranded as PayPal. Also, in 2002 the firm went public and got acquired by its close partner and biggest adopter of PayPal – eBay for $1.5 billion. By 2014, PayPal was already on the move with over $200 billion yearly in more than 30 different nations. PayPal’s established its brand presence; extensive safety measures and its overall accessibility and turned the eBay feature into the most prominent eWallets.
Safety and Security of PayPal
PayPal offers all its users a Buyer Protection, so if the item that you have purchased did not arrive or it doesn’t match what the sellers had said they are selling PayPal will repay you. Transactions don’t involve sharing of personal or banking info, reduces the risk of fraud; encrypts and monitors each and every transaction. PayPal also has a devoted Resolution Centre that deals with customer glitches and payment disputes.
PayPal betting FAQ
Can you purchase Bitcoin with PayPal?
Unfortunately, No. PayPal does not permit users to buy Bitcoin or any cryptocurrencies.
Are there fees that are associated with the use of PayPal at online sports betting sites?
Online betting sites don’t charge a fee when you make a deposit using PayPal. However, PayPal charges 2.9% when you deposit using a debit card or a credit card.
Is it possible to deposit using PayPal without a PayPal account?
Players should open an account with PayPal to be able to use it as a deposit option.
Can you use a friend or a family members account to deposit using PayPal?
No. the PayPal account used to make a deposit at a betting site should belong to the account holder.
Why can’t I see PayPal as a withdrawal option?
PayPal appears as a withdrawal method once a deposit using the method has been made.
How do I make withdrawals from PayPal?
PayPal withdrawal options do include electronic check and also check by mail. PayPal also has a debit card that can be used at any retailer accepting credit cards.