PayPal has quickly become a big player in the gambling market, with more and more players electing to deposit funds into their bookmaker account using the service. Boasting a customer base of over 200 million people, it’s no wonder that more and more betting sites are allowing its players to make their deposits via the platform, rather than the traditional instant bank transfer method.
PayPal allows gambling sites to use their services in territories where gambling activities are legal, thus making it available to customers in the UK. Creating an account is easy, with players only required to give the following information: Name, Email Address, Password, Address, Bank or Credit/Debit Card Details and Date of Birth.
From then, they are able to fund their account and bet using PayPal as and when they wish. Below, we have listed some of the top bookmakers out on the market that are currently offering players the chance to fund their accounts using PayPal:
One of the reasons many are beginning to use PayPal when its comes to funding your gambling account is the number of different options that it offers its customers. The first is the PayPal App, which allows players to send and receive payments directly using your phone, which is a perfect, quicker method of funding an account for those who do not like to play using the dedicated gambling apps. PayPal also offer a Digital Wallet, another very handy option for those who are into online gambling.
Here, players can store all of their credit cards, debit cards and bank accounts all in one place, allowing you to see how much you are able to deposit altogether at once. To do this, you can pay quickly with just your PayPal username and password, with the funds instantly going straight into your gambling account. There are also the PayPal Access Card and PayPal.Me, though these are not as suitable for quick deposits into your gambling account.
PayPal is seen as a quick, convenient alternative when it comes to online gambling when compared to the traditional routes of playing. One of the main advantages is that speed, with funds instantly deposited when transferred from PayPal and immediately made available to play as you wish. Furthermore, players do not have to go through the process of adding card numbers, account numbers, sort codes and CVVs to their account when looking to make a deposit.
That is another advantage when it comes to using PayPal to find your account – you do not have to give the gambling operator any of your personal financial information, which is kept confidential by PayPal, which many may well feel is more safe and secure overall. Finally, having a digital wallet in place will help you have a clearer understanding of your combined funds, letting you decide accurately and with knowledge about how much money you will be depositing into your gambling account.
Using PayPal is the perfect resolution if you are left feeling slightly sceptical about the legitimacy of a bookmaker thanks to their Buyer Protection. With this, PayPal promise to reimburse any customer who makes a payment to a company that does not match the description for what you believed to be acquiring. This will help protect online gamblers should they stumble across a site which does not offer the services that they advertised prior to creating an account and making a payment.
Your transactions with bookmakers will also never involve the trading of personal details from PayPal, protecting players from the risk of fraud and identity theft when making online transactions. If you are using Paypal to complete a transaction across currencies to a PayPal betting site, there will likely be a small conversion charge added on top of the deposit. The charges can be from anything between 0.4% to 7.4% depending on which currencies are involved in the transaction. It allows players to play online on foreign bookmakers that are eligible to be used within the territory you are based.