Technology has moved on from those heady days since the birth of the internet and the introduction of online shopping. We barely give it a second thought nowadays while we’re punching our card details into a website.
Regardless of tighter security and web encryption, there are still millions of wary shoppers out there who refuse to divulge their bank details online. The introduction of PayPal saw a lot of these doubters look at spending money online in a new light.
Because PayPal stores all your payment information on your account securely, there’s no need to enter your bank or card details every time you make a purchase, making it a more convenient and secure way to pay. To help prevent identity theft and fraud, PayPal ensures that all your transactions and financial details are encrypted and monitored.
The Benefits Of PayPal For Betting
The benefits of using PayPal for online betting are far and wide, and I rarely place a bet these days unless I’m able to use this method of payment. Finding betting sites to which accept PayPal is easy, for example for the horse racing I use this guide to find horse betting sites which accept PayPal. I’ve got several accounts with different bookmakers across the internet and being able to use PayPal makes life so much easier. I click on a button, and within a split second, the money is sitting in my betting account.
It matters not if you have no funds in your PayPal account as you would have linked your bank account and card details on sign up, so funds will be transferred directly from those when you make a deposit. There will be no filling in any financial or card details ever again unless you add a new card or change your bank details.
Withdrawing funds from your betting account couldn’t be simpler when you’ve made your deposit. Withdrawals usually are back in your account within 24 hours depending on which bookmaker you use. This might take a little longer if your PayPal deposit was funded from your bank account or debit card.
For the occasional gambler, there can be no better way of funding a bet than by using PayPal. It could be you only like a flutter on the football on a Saturday afternoon or like to chance it with a bet on the big fight, or maybe your mate in the pub has given you a great tip in the 3.45 at Haydock. Whatever the reason, you’re just a click away from placing a bet without the hassle of parting with your bank and card details.
The vast majority of bookmakers these days offer new customers a bonus when opening an account, some up to more than three times your deposit. Before signing up to any of these sites and making a deposit through your PayPal account, make sure you read the terms and conditions first. Making a deposit of £100.00 and being rewarded with a 100% bonus doesn’t mean you can walk away with £200.00 the day after.
Before you’re able to take any of that bonus home, you’re going to have to play through so much of it. This is known as a wagering requirement, and they can vary significantly from bookmaker to bookmaker. As an example, let’s say you deposit £50.00 when you sign up, and you’re given a 100% bonus. In the terms and conditions, it stipulates that the wagering requirement is 3 x bonus plus deposit. In monetary terms, this means you would have to stake £300.00 before turning that bonus into withdrawable cash.
More and more bookies are now accepting PayPal as a method of payment, from the big players such as Bet 365, Coral, and William Hill to maybe the not so well known as Mr Green and Unibet. All of these offer a bonus of some sort, from up to £100.00 in bet credits to bet £10.00 and get £30.00 in free bets and even your money back as a bonus up to £40.00.
I can now place a bet on my fancy in the 3.20 at Kempton just as quickly as I can buy my new phone case off eBay, with just the click of a button. No more hassle of filling in bank and card details because they’re already securely stored in my PayPal account. As a bonus, PayPal also offers buyers protection, where a full refund is provided if a purchase isn’t significantly as described or doesn’t arrive. Apparently, though, this doesn’t apply to the twenty quid I placed on the tip given to me by Dave down the Nags Head. My refund was declined.