Until recently, betting customers had a limited number of options when it came to making a deposit into their betting account and then making a withdrawal. The primary payment method was using a debit card where punters had to enter the long card details along with an expiry date and security code, something that many customers found a laborious process.
There was also the reluctance on the part of some players to divulge their banking details despite the fact that every online bookie has safe and robust measures in place to ensure that all payment details are encrypted and protected. However, we have now seen many new payment methods emerge including e-wallet solutions such as PayPal.
PayPal is a fantastic way of paying for things and that includes funding your betting account by simply linking your PayPal account and then clicking on the PayPal option when making a deposit or a withdrawal. It’s especially good if you open several betting accounts and want a nice simple way of getting funds transferred in a quick way.
How Many PayPal Betting Sites Are There?
There are lots of PayPal betting sites available and the vast majority now realise that customers want to go down the e-wallet route rather than type in bank card details which can be an error-strewn process, not to mention a drain on time.
When you visit a particular betting site, you should be able to determine the available payment methods either by scrolling to the foot of the homepage or clicking on the Payment Methods link and understanding how you can deposit or withdraw.
Alternatively, when you sign up for a betting account and fund your account for the first time, you should be able to locate PayPal from the list of options and that’s the opportunity to link your PayPal account with your betting account.
The huge advantage to PayPal is not only instant transfer but also a faster withdrawal time compared to a debit card. Many bookies instantly switch the funds back to your PayPal account and you can then choose to withdraw back to your bank account from there.
There are a couple of downsides. Naturally, an instant withdrawal to PayPal is great but there’s also the fact you have to go to PayPal and then make another transaction if you want the cash back in your account.
Also, please check the free bet promotion to see if PayPal is eligible. Sometimes a bookmaker will not let you claim a bonus through PayPal and it’s worth double checking on this front.