What is PayPal?
PayPal is a online payment system that allows you to send and receive money safely and quickly to any country and person . It is undoubtedly the most popular platform for making online payments in the world. It is used by more than 200 million people in more than 200 countries and with more than 25 currencies .
It works as an electronic wallet (similar to Skrill or Neteller), where you can save your money online and make transactions or purchases with it. It is probably the most popular on the internet, since it has been used by millions of people since its foundation in 1998.
This is a payment system comfortable, secure, flexible, and increasingly used in the world of sports betting for its convenience and speed. Throughout this text we will detail which bookmakers accept Paypal, the best bookmakers with Paypal, as well as detailed instructions on the use of this means of payment both in deposits and withdrawals.
Why use PayPal for betting?
Today virtually all bookmakers offer PayPal for both deposits and withdrawals. According to data from the DGOJ, it is one of the most used payment methods by users .
Those who prefer not to give their card or bank account details over the internet (even if they are completely safe at the bookmakers) have the possibility of using this means of payment, which is safe, reliable and convenient.
In addition, withdrawals by PayPal are processed faster than via card or bank account. In just a few hours you will have the money available in your account, while if you use a card or bank transfer it may take a few days.
Many users also allocate their account of this electronic wallet to sports betting, in order to conveniently have the money from the current bank account separated from the leisure /betting money.
How to make a deposit by PayPal?
To make a deposit at a bookmaker through this payment method it will only be necessary to have an active and verified account .
When we choose the option of this electronic wallet when making the deposit of money in the bookmaker, we will have to enter the data and log in to the PayPal account (always securely) and confirm the payment.
For this, it will be necessary to have a balance in the PayPal account or have a card or bank account linked for PayPal to make the payment in the right way. If there is no balance and neither is there a linked card or bank account, the payment will give an error and cannot be processed.
Making a deposit with PayPal step by step
The bookmakers that work with Paypal are very numerous and here we will tell you how to make a deposit using this payment method for your online bets, you just have to follow these instructions:
1. Log in to your user account and go to the deposits section. Select PayPal as the payment method and enter the amount you want to deposit.
2. Click on deposit and you will be redirected to the PayPal website, where you can log in with your PayPal details and account.
3. Review the data and click continue. The balance will be updated in your game account as soon as the transaction is processed.
How to make a withdrawal by PayPal?
To withdraw money by PayPal you just have to choose that option when making the withdrawal at the bookmaker. The ownership of the PayPal account will have to be verified (the bookmaker will request documentation such as a screenshot of your account profile).
You must remember and take into account that in order to withdraw balance in a bookmaker through a certain payment method, you must have previously used it for your deposit.
Once PayPal is selected, you will only have to enter your account details (email) and in just a few hours the withdrawal will be processed and available in your PayPal account.
Is it safe to use PayPal?
Fully. PayPal is the most popular online payment platform worldwide, which is characterized by excellent customer service that solves and attends to any problems that there may be.
It has more than 250 million customers , so we are facing the most popular and widely used electronic wallet on the internet.
In addition, all the transactions are processed securely and flexibly , since we can use it both via the web and from mobile.
Transactions with bookmakers are just as safe as they meet all the legal, technical and security requirements of the General Directorate of Gambling Regulation.
Alternatives to Paypal
This means of payment is one of the most popular and used electronic wallets around the world, being quite common to find many betting pages with Paypal.
However, in the event that we have chosen an online bookmaker without PayPal, nothing happens, there are many other similar payment alternatives that we will detail below.
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Payment method
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What is it?
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Neteller
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Electronic wallet to make all kinds of online payments, purchases and sending money.
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Skrill
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Electronic wallet for online payments, purchases and transfers.
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Muchbetter
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Payment application that allows you to save, send and transfer money in a fast and secure way.
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Klarna
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Online banking payment service that allows you to use electronic banking to make safe and fast transfers.
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Advantages and Disadvantages of PayPal
This electronic wallet has a number of advantages that we detail below:
- Security . We are a totally secure payment method, where you will also have the advantage of not having to give any bank details to the bookmakers.
- Available for deposits and withdrawals at almost all bookmakers . It is a means of payment that you can use both to make deposits and withdrawals at virtually all licensed bookmakers in New Zealand.
- Payments processed quickly . Deposits are processed immediately, while withdrawals from the bookmaker take just a few hours.
- Comfort . It is a very simple and convenient means of payment to use, which also allows you to group all the money from your bets in one place, separate from your checking account.
- Few commissions. With the exception of currency exchange, you will not find commissions for using PayPal regularly.
However, it also has some disadvantages. Do you want to know which ones?
- No physical card . The PayPal balance can only be used for online payments, since it does not have the option to request a debit card linked to the account balance, as if they have other electronic wallets.
- Is to do fully online . You do not have a physical office or a card for transactions. Everything is completely online through its website or app.
- You have to link a bank account . If you want to use this electronic wallet so as not to give your bank details to the bookmaker, you will be in the same situation since you will have to link them to your PayPal account. It is necessary to have a card or bank account linked to be able to make unlimited transactions and balance withdrawals.
Conclusion about PayPal
This electronic wallet is an excellent option for transactions with online bookmakers . It is convenient, safe, simple and fast. It is available from all licensed gaming operators in New Zealand and you can easily link it to your regular bank account, so you can always have your money available.
In addition, it will allow you to have the money from online betting separated from your current bank account , in order to keep control of expenses or profits in a very comfortable way.
A prepaid card linked to the account may be missing, such as the one offered by Skrill or Neteller, but you also have the advantage that the balance of your PayPal account can be used in practically any store or online sales establishment.
Frequently asked questions (FAQ)
In transactions with bookmakers, no. But there are some transactions that do have a commission, such as immediate transfers to the bank account, or currency exchanges.
Deposits are immediate. Withdrawals can take from 30 minutes to 24 hours.
Registering with PayPal is very easy, it only takes a few minutes. All you have to do is access their website and fill in the registration form with our personal data.
Of course, PayPal is a totally secure payment method for making any online transaction, including deposits/withdrawals at bookmakers.
There are many bookmakers that accept PayPal as a payment method. At the beginning of this page it is possible to see a complete listing with all licensed bookmakers in New Zealand that support PayPal.
No, bookmakers establish that whenever possible, the user withdraws his funds using the same payment method used to deposit. Therefore, if you have used any other means of payment, you will not be able to withdraw via PayPal.
The process is very simple. To open an online PayPal account, you just need to provide your email address. Once created, you must associate it with a bank account or credit/debit card. Then PayPal will carry out a verification process, and if everything is in order you can start using it to make and / or receive virtual payments – over the internet.
