PayPal is an online payment system that allows you to send and receive money as well as pay for services online.
When you link your bank account, credit card, or debit card to your PayPal account, you will be able to use PayPal to make online purchases at participating merchants. PayPal operates as an intermediary between your bank and merchants to ensure that your payment information is secure.
What makes Paypal sports betting really popular amongst Aussies is the fact that it’s easy to use. To use Paypal, all you need to do is open a Paypal account. In order to open a Paypal account, you'll need to enter some personal information, such as your complete name, address, phone number, and email address, among other things. Aside from that, you'll also have to link your account to your debit card, credit card, or bank account. In certain instances, PayPal may additionally need you to provide identification. Here’s an outline of the steps to take:
- When you go to Paypal's website, click the Sign-Up button in the upper-right corner.
- Choose whether you want to create a Personal or Business account, then click Next.
- Submit your phone number to verify it.
- After entering your email address and password, click Continue.
- When you have finished entering all of the required information, click the Continue button.
- Add your debit, credit, or bank account information optionally by selecting the blue Get started button.
- PayPal will send you an email including a link that will allow you to validate your email address.
Once this is done, you’re prepared to start betting at some of the best paypal betting sites in Australia. Some of the legal betting sites that provide Paypal to Aussie Punters include:
Mobile Punter? No problem. Paypal has lots of options for you. You can use the mobile responsive website or download a suitable application for your smartphone’s operating system. Moreover, the recommended bookmakers have betting apps that have Paypal integrated for your payments.
PayPal Betting Sites Advantages & Disadvantages
Weighing the advantages and disadvantages of placing a bet with Paypal account is one of the most important things when picking a Paypal betting site. These pros and cons determine whether playing at Paypal betting sites is the right decision to make as an Australian punter. From my findings, the advantages outweigh the disadvantages. Let’s check them out together!
👍 PayPal Betting Sites Advantages
Playing at the top Paypal betting sites in Australia has its own perks. These perks determine if you should choose Paypal betting ahead of other payment methods. Read to find out the benefits you stand to gain from using Paypal as your preferred payment method:
- Time Required for Transaction Processing (Transaction Speed)
It is straightforward and quick to deposit and withdraw dollars from your PayPal account to and from a bookmaking site. In actuality, it is one of the quickest methods available, with deposits done instantaneously and withdrawals often taking less than 24 hours (much quicker than Debit Cards for example).
- There are no hidden costs
If you choose the right bookmaker from the list above, you will not be charged any deposit or withdrawal fees while transferring funds from one bookmaker to another.
Because the only information displayed on your bank statement will be your payments into or withdrawals from your PayPal account, it will be impossible for anybody to determine whether or not you have used an online bookmaker and to what extent (especially handy when applying for credit).
When making online purchases, PayPal is a relatively secure method of payment. When you use PayPal, your personal financial information (card number, etc.) is never shared with the bookmaker, decreasing the potential of fraud or card data theft. Hence, new betting sites that accept Paypal as a payment method can be trusted.
PayPal, which is accepted by all of the top online betting sites presently in operation has a wide reach. and may enable you to keep your betting money in one wallet while quickly and easily transferring it between several bookmakers to get the best price on your bets.
👎 PayPal Betting Sites Disadvantages
There are few negatives to utilizing Paypal when compared to its numerous advantages. Curious about the disadvantages of playing at Paypal betting sites? Read on to learn more:
- Not all bookmakers accept payments and withdrawals using PayPal
While all bookmakers accept debit cards or bank transfers as deposit and withdrawal options, not all bookmakers accept PayPal as a payment method. Additionally, some sites may only accept PayPal for deposits and not for withdrawals. Take the time to research these terms and conditions before joining up with a betting site.
- Currency conversion costs apply when you do not use the Australian dollar
Payments via PayPal as an Australian are made in the local currency which is AUD. Therefore, when you play at Paypal betting sites in Australia that require USD, you will be charged additional costs in order to convert your funds.
- You must have a PayPal account to play at the best Paypal betting sites
Paypal acts as a mediator in the vast majority of cases. To utilize Paypal at your preferred bookmaker's betting site, however, you must first have a Paypal account. Your Paypal account must thus stay active in order to be utilized to make payments at your preferred online betting site.
When signing up for a betting site, keep in mind that although some bookmakers will recognize welcome bonuses if you make a PayPal transaction beforehand, others will not accept PayPal deposits as part of their welcome offers. This, however, is a very common occurrence, and it does not always apply to all other presently running promotions.
Although using PayPal for online betting might make you feel safer and more secure, you must first put money into your PayPal account before you can start moving money around the internet with it. This requires extra time and effort, as well as an additional step in the transaction process, which some participants may be unwilling to do.