Betting with Paypal
The Paypal e-commerce platform has become the standard setter among providers of e-wallet services. Most of the online betting and gaming sites use Paypal as one of their payment methods. Transactions are quick, convenient and secure with minimal transaction fees. There are several features within the system which make Paypal the select choice of betting sites and their customers.
Before using Paypal to manage your money on your preferred gaming site, you must first register directly with their system. This is a hassle-free process which involves providing your personal details, such as your full name and email address. You will need to add a bank account from which funds will be deposited. Users also have the option to add any number of credit cards. Paypal will need to verify these accounts by making small withdrawals accompanied by a specific confirmation code. Your presentation of this code back to Paypal will confirm that the account indeed belongs to you. Once you have been fully registered and verified, making payments or withdrawals to and from your betting site is simple. You would select Paypal as your payment platform and then follow the instructions given.
With Paypal, safety and security is a major concern. As with most other e-wallet services, you decrease the risk of having your financial information hacked by using one main site to manage all online transactions. In this way only one company besides your actual bank manages your credit and debit information.
Paypal offers its registered users protection from external and internal threats. They provide anti-fraud mechanisms as well as 24/7 account monitoring to protect against hackers who try to gain access to your financial information from the websites you do business with. Many users have had their accounts flagged or completely locked as a result of a change in their user activity. Paypal promises to not share your personal information with any other company and also keeps you safe from internal security risks within companies. There is $0 liability on unauthorised payments made with your account along with 24/7 customer support to answer any questions or concerns.
Paypal is available in many countries of the world. However, residents of the United States are unable to use this option to fund online betting accounts or to withdraw money from the same. In this case, money must be wired through another financial platform.
Users who make their first deposits through Paypal on various online bookmakers are eligible to extra sign up bonuses. These range from $20 to $200 or more worth of free bets, perks or actual usable cash.
Sign up to Paypal is completely free. All deposits made to your Paypal account is also free. There is no charge either for depositing to the account of your online betting site. However, withdrawals will incur a charge from Paypal, although no betting site currently apply a charge for making withdrawals.
Online Betting Sites That Accept Paypal
1) Bet365.com
2) Betway.com
You can find a detailed list of paypal friendly online bookmakers in the following link: Online Betting Sites That Accept Paypal