PayPal is just one of a number of online e-wallets which can be used regularly to pay for goods and services. PayPal is one of the biggest names in this sector and is widely accepted with the majority of UK betting sites. It has become increasingly popular over the past few years as punters worry about submitting their bank details.
PayPal allows regular transactions and also ensures players are able to keep a tight control over how much goes into their betting account.
It is completely free of charge to open an e-wallet and it’s easy to get started. Five years ago, betting sites accepting PayPal were few and far between but due to increased demand, they have added this method to their extensive list and it’s been hugely beneficial.
It’s easy to manage and keep on top of your finances and none of the transactions will appear on any bank statement. This will not be viewed by anybody apart from you.
Transactions are made immediately and very few bookmakers will charge you for using this method, although it’s always best to check beforehand. Some will stipulate a minimum deposit (usually £10) for PayPal users however.
You don’t have to give out any financial details and many punters feel safer when using UK betting sites knowing they’ve deposited via PayPal.
If you have a big win and your sports betting account balance is looking healthy, it is quick and easy to make a withdrawal. One of the main advantages is that withdrawals are often processed quicker using this method and have been known to complete within 24 hours.
For UK punters who like to bet big, there are occasionally restrictions on making large deposits via PayPal so it’s always best to check first.
PayPal will often be hidden under the tab ‘alternative methods’ and isn’t always the primary option listed with most UK betting sites. Once you’ve found it, simply type in the amount, click to make the payment and enter your PayPal email address and password. It really is as simple as that.
PayPal is one of the most secure methods available as most players only keep a small amount of money in their account and you don’t have to enter any banking details.
It couldn’t be easier to deposit with PayPal and it is quick to complete all transactions.
It is possible to make a withdrawal using Paypal and these can often be quicker than using more traditional options such as credit and debit cards. Some transactions can be completed within 24 hours although these can be delayed by bank holidays.
Most online UK betting sites will only let punters withdraw using Paypal if they have deposited via the same method.
Simply enter the amount you’d like to remove, enter the password for your betting account and wait for the money to enter your e-wallet. It couldn’t be easier to collect your winnings.