Better Odds at PayPal Betting Sites
To understand the allure of PayPal betting sites, we first need a better understanding of why and how people are drawn to gambling and betting sites in the first place.
With gambling, there’s a certain thrill about winning and losing. Watching a football match to see who would win can be diverting, and it satisfies our curiosity as to which team plays better. But placing a bet on the game provides a different feeling, because you have something at stake. There are consequences to making the wrong call, and rewards for getting it right. And when we bet on the game, it’s natural to cheer just a bit more passionately for our favored team and we feel more badly when they lose.
In order to make sure we end up winning instead of losing, we try to minimize all the factors that pertain to luck and blind guessing. We look at all the relevant factors, such as injured players, how a team is playing recently, and the quality of the coaching. We do this for games such as sports games and races, so that we don’t put our money on unlikely winning scenarios. We try to minimize the risk.
And that leads us to betting sites that accept PayPal. These PayPal betting websites offers us a more secure feeling. At the very least we know that we are dealing with a legitimate business because PayPal is dealing with them too. There are too many scams online, and with PayPal you can be sure that you are safe.
As online companies go, PayPal has a long and distinguished history, as it started way back in 1998. Established in the legendary Silicon Valley, its vision was to provide a universal mode of payment for people all over the world, free from exorbitant fees and stifling government controls. PayPal became very popular very quickly, especially when it started its partnership with the popular auction site eBay. In just 15 months, it acquired a million users already. By 2002 it was the preferred payment method by eBay users, as it became more popular than the in-house payment method eBay offered. The eBay company realized the futility of competing with PayPal and instead bought out the company for $1.4 billion, and eBay integrated PayPal into its services. PayPal’s popularity at first made it an attractive target for hackers, and that was actually a good thing in retrospect. What happened is that PayPal responded by beefing up its security measures, to the point where now it as secure online as any bank or credit card website. So today PayPal is widely considered as the default payment service online, and just about every legitimate business accepts PayPal payments as a matter of course. It now has 165 million active customer accounts and available in 203 countries. The company processes almost 12.5 million payments daily. And because so many people use it, many websites use it too. In fact, millions of websites accept online payments, and that includes a lot of the better gambling websites.
Perhaps the most notable restriction to PayPal betting is that this privilege is not available to US punters. PayPal is very strict about this, and in fact PayPal bookmakers must demonstrate that that have the capability to block gambling by US account holders and by users from any place where gambling is illegal. But for PayPal account users in the UK and elsewhere, the sky’s the limit. Many of the websites that feature PayPal payments offer a wide variety of sports and games on which to bet on. These include:
- Actual sporting events such as football, tennis, rugby, and cricket which British fans can watch on TV or online
- Sporting events from all over the world, including US sports such as basketball, baseball, hockey, and American football
- Casino type computer games such as blackjack and poker
- Horse or greyhound racing
- Games of chance including lotto and sweepstakes
As a PayPal user, you can bet against the website or bet against individual bettors using the site as neutral ground so you know you’ll get paid.
This is one of the most important reasons why betting with PayPal is a much better option for punters. PayPal itself is very secure, as it has learned over the years to adopt the most formidable online security systems in the world for its operations. After all, it is dealing with lots of money all the time, and even the hint of a crack in its security armor can ruin its reputation and bring about the business’s collapse. And so they remain ever vigilant against hackers.
The betting sites that accept PayPal also get an additional seal of approval, because after all PayPal doesn’t just let any website use its services. That means you can be surer that you’re dealing with a truly legitimate business. For example, any UK gambling website that allows PayPal betting will hold a hold a gambling license granted by the UK Gambling Commission. That means they’re legally required to conduct all gambling operations in a fair and open way.
There’s also the matter of using third party payers in lieu of paying websites directly, especially when you use credit cards. One of the earliest problems in online commerce was that it took a leap of faith to enter one’s credit card information into a website. That website could very well be a scam, and in fact it’s still going on. For example, a fake website can be set up and buyers can put in their credit card info, which can then be used by the scammers for their own profit.
By betting with PayPal, you no longer have to share your credit card info with a bunch of new websites which you know very little about. Only PayPal knows your credit card info, and that’s quite a relief. You’re only taking your chances with PayPal (and as we’ve shown that’s not much of a risk at all) instead of taking your chances on all the websites on which you do your gambling and shopping.
Think of it this way: it’s difficult enough to shoulder the risk of a loss when you gamble. Why put on additional risk, especially when it’s unnecessary? PayPal is nearest thing to a sure bet with its security features.
In fact, you also protect your privacy as well. PayPal doesn’t share your credit card information, ever. And so when you fund your PayPal account with your credit card, and you bet with PayPal, the name of the gambling website never goes into your credit card history. You can gamble or shop with PayPal and the list of credit card charges never says anything about what you bought or where you bought it from.
Of course, with PayPal security you’ll have to deal with some minor inconvenience. But it’s just like dealing with airport security, or taking the time to lock your own doors at home when you leave and having to open the locks when you come home.
PayPal tends to really take matters of security seriously, and for good reason. It’s for your protection and of course PayPal also wants to protect its own reputation as a secure online payment method.
That means PayPal may step in at the least sign of fraudulent activity. If PayPal even suspects that there’s a possibility that unauthorized users are using your PayPal account, then your account may be frozen or locked. In general, however, you can easily sort things out with a quick call to the PayPal customer service.
Another advantage of using PayPal is that it is so easy to set up. If you don’t have a PayPal account yet, you really should consider setting one up right now. If you have a bank account (or a debit or credit card), then you have to submit information from your bank account and fund your PayPal account with your bank account. In effect, you have another place to stash your money, and that’s the stash you use when you place a bet or collect your winnings.
You then verify the account with PayPal, which proves that indeed the bank account you used is yours. Usually this means PayPal makes two small deposits into your account, after which you verify the amount of the deposits. This verification ties your bank account with your PayPal account, and now you can transfer money freely between your bank account and PayPal account.
Once that’s done, then it’s just a matter of choosing PayPal as your payment method when you visit betting sites that accept PayPal. Most of these websites require you to maintain an account balance with them, and that money can come from your PayPal account.
Usually, you click on the link on the website that lets you deposit funds to your account. You just input the amount you want to deposit, and after clicking a link to deposit your funds you’re sent to the PayPal screen. You’ll then input your email address and your PayPal password. Then you review your payment details, and you then click on the final payment link to process the payment.
After that, you’re back to the gambling website and your account is funded. Withdrawing from the gambling website is usually easy too. You just click on the link to withdraw funds, enter the amount you want to withdraw, and choose the PayPal account as the destination for your withdrawn funds.
With all the advantages and benefits that PayPal offers, you’re probably thinking that you’re going to have to pay a lot in return. But that’s not exactly the case. The popularity of PayPal was in fact spurred by its ridiculously low costs.
There are no annual membership fees to worry about. You also don’t pay any service charges or processing fees when you send money through your PayPal balance, bank account or debit card.
If you use a credit card to send money, the fee is only 3.4% plus 20p. If you send or receive money within the UK using foreign currencies, then there are some small conversion fees. Additional fees will also apply when you send money to or receive money from outside the UK, although the fee for the cross-border payments will depend on your location and the location of the website, and how the payment is funded.
With PayPal, you can get paid in more than 100 currencies, so it’s all up to you. You can withdraw funds to your bank accounts in 57 currencies, and your PayPal accounts can hold a balance in one of 26 currencies.
What that means is that if you’re outside the UK and you’re in Asia, you can change the money you get into yen or baht if you want.
Many websites have also realized the many advantages of using PayPal, and because of that they encourage their shoppers and users to use PayPal themselves. It’s for that reason that many gambling websites encourage PayPal betting by offering you a free betting bonus when you deposit to your gambling account via PayPal.
In other words, you can get to bet without risking your own money. For example, a website may offer you an additional £200 in your account, so you can bet that money instead. If you win, you get more money and if you lose, you didn’t lose anything at all.
PayPal also offers apps which you can use so that you can fund your website account with your PayPal balance even when you’re on the road. After all, gambling is such an enjoyable way to pass the time, and it’s a guaranteed way to add some excitement when you’re bored during your lunch hour.
So you can go to the Apple iTunes store and get your PayPal app, and you can use your PayPal account to gamble or shop if you want. Even if your smartphone is stolen, the thief can’t access your PayPal account because they don’t have the PIN you use to confirm transactions.
PayPal also keeps a very accurate record of all the transactions you’re involved in using your PayPal account. It keeps track of the money you send out and the money that comes in. That means you can have your accounting in order, and see your transactions over the last year if you want.
It’s all there in your PayPal account page. You can just click on the tab to see your recent activity and history. You can tally all the payments you’ve sent out and all the payments you’ve received. You can download the info in a spreadsheet file so you can easily see who sent or received the payments you made, the date when the payment was sent or received, the amount of the payment, the currency used, and the payment type you used to fund your PayPal account.
Of course, just because a gambling website accepts PayPal payments doesn’t mean that it’s just as good as another. The point of this website is in fact to help you determine which of these websites maybe the most suitable for you. You are in fact encouraged to do your own research as well.
After all, if you’re a serious bettor you take your research seriously as well, don’t you? If you’re betting on a football match, you read news account regarding whose available to play and which players are injured or suspended. You hunt down any news regarding friction between players and coaches. You review the quality of the play of the teams in the more recent games, and then you place your bet. Betting for your team that’s in danger of relegation against a team on the top spot of the rankings may not be your wisest investment decision.
It’s the same thing with choosing gambling websites to join. Read our reviews and see the website for yourself. Check for a license and see if there’s an outside impartial agency that confirms the site for game fairness. Read customer reviews and check if they website offers adequate customer service, fair ways to resolve disputes, and quick payouts when you win.
We help in our own way with our reviews, but it all starts with PayPal. We feature betting sites that accept PayPal because in our opinion they offer the best advantages for punters.
Why would a gambling website not accept PayPal payments? That’s the important question, isn’t it? PayPal is used by many millions of people, so why would they force people to use other inconvenient payment methods instead?
We’re not here to speculate on the answers, although if you’ve seen the websites that don’t accept PayPal you can probably draw an accurate conclusion as to the quality and trustworthiness of those websites.
But with PayPal betting sites, you can at least be sure that your money is secure and you can send and receive payments quickly and easily. Using PayPal is the nearest thing to a sure bet.