Paypal is a popular e-wallet service that began in 1998. With Paypal, online bettors are able to make fast real money deposits and withdrawals without disclosing their banking or credit card information to online betting sites.
Paypal Betting Online Countries Accepted
Currently, Paypal is available in over 190 countries, with 153 million Paypal users worldwide. This makes it quite easy for most online bettors to open a Paypal account. However, many online betting sites do not allow Paypal deposits due to Paypal’s restrictions regarding online betting. Regardless of whether or not Paypal is available in your country, it’s important to view the accepted deposit methods of your chosen online betting site respective to your country in order to determine if Paypal betting deposits are possible.
Paypal Betting Online Currencies and Languages
Paypal is available in several different currencies, including the following:
How to Use Paypal At a Betting Site
In order to use Paypal for betting deposits, you’ll first need to open a Paypal account at www.paypal.com. Next, you’ll need to fund your Paypal account using your bank account, debit card or credit card. Ensure that your Paypal balance is equal to or greater than the amount you wish to deposit at your chosen betting site.
Next, log on to your betting site account and visit the Cashier or Banking area. Choose Paypal as your chosen deposit method, enter the amount you wish to deposit, and fill in the required details such as the email address associated with your Paypal account. Submit the deposit and log into your Paypal account to ensure that the money has been properly transferred.
Benefits of Paypal
One major benefit of Paypal betting deposits is the added level of security offered by making deposits from an e-wallet as opposed to your credit card or bank account. This is because you can keep a limited amount of funds in your Paypal account as opposed to your entire checking or saving account. In addition, you won’t need to disclose sensitive information such as your credit card number, bank account number or routing number to an online betting site when making Paypal betting deposits.
Paypal is also quite convenient, as it can be easily used as both a deposit and withdrawal method at many online betting sites. Finally, Paypal deposits usually appear instantly in your online betting account, allowing you to start betting for real money immediately after submitting the deposit.
Paypal Betting Online Website Fees
Most online betting sites do not charge any fees of their own to registered members that use Paypal betting deposits. However, it’s important to note that Paypal may charge some fees of their own. When making a deposit via Paypal in the U.S., it’s free to send money directly from your Paypal account or your bank account via Paypal. When making a Paypal betting deposit using a credit or debit card account attached to your Paypal account, there is a fee of 2.9% plus 30 cents per transaction. Additional fees may be assessed when making a Paypal betting deposit to another country. Check with your chosen online betting site to determine whether you or the betting site will be responsible for these fees.