Ultra modern, PayPal is a solid form of electronic storage and transfer for cash. Most online betting sites accept PayPal these days so there are no worries there and some won’t even charge fees for depositing or withdrawing via this method.
Once your PayPal account is set up, it’s easy to add or remove money from your wallet and do with it as you wish, including sending it to your online sportsbook to fund your account which only takes a matter of seconds.
Why Choose PayPal for Your Betting Site Deposits?
Having loaded funds into your PayPal account from whatever banks or cards you wish to use you can deposit and withdraw to and from your betting account at will, without the need to carry various cards or remember pin numbers and passwords.
PayPal is a long established form of money transfer and so is trusted by betting sites meaning they support the platform and keep fees either extremely low or out of the loop all together.
The main thing customer’s feedback that use PayPal to load betting accounts is that is gives greater flexibility than other methods. It’s easier to see via your eWallet how much you have deposited or cashed out from your betting account without it getting lost with all of your many other bank transactions on your monthly account.
The fact that PayPal is accepted by so many other online companies for services and goods means it is simple to spend anything you’ve won online without using up any more cash from your bank.
Advantages / Disadvantages of Using PayPal for Depositing on Betting Sites
Using PayPal comes with a number of advantages, firstly that funds clear much more rapidly with this method than through standard banking. Should you win and cash out your betting winnings, as soon as you transfer them from PayPal to your bank they will appear and be ready to spend.
Some betting sites are now offering either specific bonuses or even faster registration for those using PayPal as it cuts down on work and cost for them.
One disadvantage is that, despite things changing for the better, until more and more states get used to online gambling and continue to relax their rules you may yet find the odd firm who do not accept this as a form of payment.
A final disadvantage to watch out for is the possibility of being charged twice. Some betting sites will always charge for a cash out and then in this case, once it hits your PayPal wallet you will be hit with the eWallet provider’s usual fee as well.