Online Betting With Paypal
- Online Betting With Paypal
- Online Gambling With Paypal
- Online Betting With Paypal Instantly
- Online Betting Uk Paypal
PayPal (www.paypal.com) is the largest e-wallet payment system in the world. The company was founded in 1998 and is headquartered in San Jose, California, the United States. A PayPal account can be used to make purchases at tens of thousands of online retailers and many of the world’s largest online betting sites. With top notch security, lightning-fast transactions and minimal fees, PayPal is a solid option for anyone looking for a new way to play online.
One thing you should be aware of is that PayPal only works with betting sites that are licensed by major licensing jurisdictions. As a US-based company, PayPal is beholden to laws in the United States that strictly prohibit payment processing for unregulated offshore betting sites. Customers in the UK and Europe may use PayPal freely to gamble online, but customers from the US are limited to a select few state-authorized sites.
Best Paypal Betting Sites
Let’s face it, the online sports and entertainment wagering industry is a multi-billion dollar global entity. Like any business that wants to keep up with the competition, we feel that PayPal will loosen up their purse strings – eventually. In the meantime, check out the websites below to fund a PayPal sports betting. However, it’s widely used for online betting in the UK and throughout Europe. William Hill accepts PayPal payments. Withdrawing or depositing funds in betting accounts. To use PayPal to manage the funds in an online account with a bookmaker, you need to: open a personal account with PayPal, providing your details and accepting the user agreement. Why to use PayPal for online betting Since racing betting is legal in USA, you can get advantage of all popular features for online gaming. One of them is using the most trusted payment platform. You can your credit card details, get advantage of many ways to transfer money and be safe. Gambling Sites That Accept PayPal Deposits As a company that’s been around for over 20 years with assets totaling over $40 billion, you know that PayPal is a major banking partner that you can trust. What you may not know, though, is that you can use PayPal to deposit money into your online gambling accounts. PayPal has a long and interesting history with online sports betting, gambling and poker. The company was founded in 1998 and was well into the payment processing industry the following year. In those early years, online gambling was totally unregulated in the United States and PayPal.
Online Betting With Paypal
These sites are confirmed to accept PayPal for both deposits and withdrawals. If you live in any country from which the above betting sites accept new customers, you may also use PayPal to get started.
How Paypal Works
To put it simply, PayPal is an e-wallet that you can use to store funds online, make payments, receive money and transfer money to friends. Many people choose PayPal simply because it offers security. When you make a payment or transfer funds to a gambling account, the merchant never sees your banking details or credit card number.
People also flock to PayPal because it saves payment information in a secure location. Instead of pulling out your credit card and typing in your information every time you want to make a payment, all you do is choose an amount to deposit and then log in to your PayPal account to confirm the transaction. This comes in very handy for people who do a lot of shopping or betting online.
Additionally, PayPal is a handy withdrawal method from betting sites. You can cash out your winnings any time straight to your PayPal account. The money is moved quickly and then you have the option to transfer that money to your personal bank account or go shopping somewhere else. Cashouts to PayPal are usually completed within hours and rarely longer than a day or two.
Getting Started
First, visit PayPal.com to sign up for a free account. You’ll be asked for your name and address then asked to set a password for your account. The next step is to upload funds to your PayPal account. The easiest way to do this is to link your bank account to PayPal. You can do so by entering your banking information to PayPal and then waiting for two small deposits to be sent to your bank. Check your online banking statement and then confirm the amount of each deposit. This verifies you as the owner of the account.
Online Gambling With Paypal
Once your bank account is confirmed, you can upload funds any time free of charge. All you have to do is log in to your PayPal account and choose an amount to upload. From there, you can make a deposit to any betting site that accepts PayPal.
PayPal betting sites can also send payouts back to your account free of charge. This is a fast-working withdrawal method and accounts for another reason why PayPal is a handy service. Once your funds hit your PayPal account, you can transfer them directly to your bank free of charge. You may also have PayPal send you a check for a $1.50 fee.
Verify Your Account
It would be a good idea to verify ownership of your bank account or credit card as quickly as possible. Doing so is a simple matter of logging in to your PayPal account, clicking on “view limits” and then “lift limits.” Follow the instructions on the screen and then wait for PayPal to send the 2 small deposits that I mentioned earlier.
Confirming ownership of your bank account or credit card immediately lifts your withdrawal limits from $500 per month to unlimited. The verification process takes a couple days, but it requires nothing more from you than to check your statement after a few days to note the exact deposit amounts PayPal credited to your account.
Paypal Betting Fees
Online Betting With Paypal Instantly
It’s possible to use PayPal for years without paying a single fee if you do it right. Deposits to betting sites are free and it is also free to fund your PayPal account with an instant bank transfer. However, you will be charged 2.9% if you upload funds to your PayPal account with a credit card.
Online betting sites do pay a fee to PayPal when you use it to deposit. Most sites cover this fee but some sites have been known to pass the fee on to customers. This fee maxes out at 3.9% so it’s not anything too terrible. Fortunately, most sites just cover the fee so this won’t even be a concern for most gamblers.
Online Betting Uk Paypal
As the chart below shows, the scope of wagering websites that accept PayPal, as an account funding option, isn’t very ranging at this point in the game. That’s sure to change over time. Let’s face it, the online sports and entertainment wagering industry is a multi-billion dollar global entity. Like any business that wants to keep up with the competition, we feel that PayPal will loosen up their purse strings – eventually. In the meantime, check out the websites below to fund a PayPal sports betting account.