PayPal is one of the most popular online financial services available nowadays. You can use it for all kinds of financial transactions, and there are several other advantages you can benefit from. In this blog we will explain PayPal in more detail, set out the pros and cons and will list a number of well-known bookmakers that accept PayPal.
What is PayPal?
PayPal provides an easy and quick way to send and request money online. You can transfer money (abroad) to family, friends, online shops, and auction sites like eBay.
You simply add your bank account, credit card or debit card details and whenever you pay using PayPal, you can choose one of them to pay with.
In addition to paying for items using PayPal, you can also receive money through the service. Any money received can be used to pay for something.
Alternatively, it is possible to transfer money to one of your assigned bank accounts or cards. There can be a fee applied when you receive money to your PayPal account.
Pros and cons of PayPal
The use of PayPal has numerous advantages for sports bettors. Nevertheless, there are also a few disadvantages that PayPal can bring along. Below you can read more about this.
Secure and easy-to-use
PayPal is one of the safest payment methods currently on the market. For example, every transaction is encrypted and you don’t have to provide PayPal with any personal details.
Deposit and withdrawal speed
With PayPal, you can easily deposit money to bookmakers and get payouts quickly and easily. One thing to keep in mind is that the money you transfer to the bookie should already be in your PayPal account. If it has to be withdrawn from your bank account first, the process could be delayed. The same applies to payouts: in most cases, the money is immediately credited to your bank/PayPal account.
If you encounter an unexpected problem during a financial transaction, then you can contact customer service 24/7.
In most cases, you don’t have to pay for financial transactions when using PayPal.
Not available everywhere
PayPal is not seen as a legal payment option everywhere in the world. In Europe, PayPal is widely accepted, but in most USA states it is still unknown, emerging, or not allowed.
Sometimes, transaction fees can be charged.
Bookmakers accepting PayPal
Below you will find the most popular and well-known bookmakers that accept PayPal for both deposits and withdrawals:
- William Hill
- 888 Sports
- 10Bet Sport
- Mr. Play Sport
- Bet Regel
- Mansion Bet
- Betition Sport