We’ve succeeded in reviewing what online sports betting with PayPal is like, and why many punters prefer to bet with papal when they want to stake
Online Sports Betting with PayPal
When you look at the history of e-wallets in the entire world, one of them will always come up as the outstanding one, and that is PayPal. There is no gainsaying that PayPal has been there and have seen it all. It has served the world veritably, and is currently the most popular e-wallet and most used for online and offline payments. For those who engage in online purchases and payments of different types, PayPal never disappoints. This includes people who enjoy sports bookmaking, especially NaijaBet punters. Majority, if not all the sportsbooks and online casino sites accept PayPal as one of their banking methods, and this is down to the reliable nature of the e-wallet. Here, we are going to be looking at PayPal and online betting.
History of PayPal
When the company was created in 1998, it came with the name ‘Confinity’. As at that time, it was a very small firm that was highly focused on what it does. But when it started garnering a huge number of clients, eBay made it their number one payment method. This gave the system a very big boost. However, it should be known that PayPal never started off as a payment provider. It came as a software development firm and did this for the first year. It was after some years that it went into payment provision. It carried on with its old name, till after its merger with x.com in 2001. However, it did not jump into the online betting payment provision immediately. With the prospect it held, eBay moved in and acquired the firm in 2002 for a whopping 1.5 billion. It was after this that its name was changed to PayPal. Skrill and neteller has been there before PayPal. But immediately it joined the league, its huge and long experience in e-wallet services took it to the top of the competition.
Pros of Sports Betting With PayPal
- Of course, if there was nothing to gain by people who make PayPal their preferred banking methods, they wouldn’t do so. But because they have a lot to gain, they choose the system. Below are some of the reasons why PayPal is preferred by punters and sportsbooks.
- Now, majority of the people accept this as part of their banking system because it’s very popular. So, many people already use it for other payments purposes and have therefore mastered the workings of PayPal.
- This also stands as one of the most secure of all banking systems in sportsbooks. The encryptions and safety protocols it employs makes it a water tight system to use.
- PayPal also offers quick and very easy payments. So, people who enjoy simplicity and ease will always prefer the system. Also, those who enjoy swift payments and would want their transactions processed immediately would prefer it.
- It is also very reliable. This is not the type of e-wallet that will work today and not work tomorrow. So, people trust the system to respond whenever they want to use it, and so they choose it.
- It is also amazing for mobile payments, and since the internet gambling system is going completely mobile, many bettors prefer to use it.
Cons of PayPal Sports Betting
- The most pronounced of these is that it is costly to use, in the sense that transactions made with PayPal will incur some processing charges or fees.
- Also, while PayPal can boast of being safe and secure for the player, it is not untraceable. So, if anyone wants to trace the source and destination of payments, it could be traced easily.
Top Betting Sites That Accept PayPal
Of course, almost all serious betting sites accept PayPal as one of their preferred systems. But there are some big names that deserve to be mentioned. They include;
- The 888 sport
- The Leo Vegas sport
- Bet 365 sports betting site
- Unibet sportsbook
- SportsNation sportsbook
PayPal Sports Betting Bonuses
Now, most of the PayPal betting sites enjoy welcoming new punters to their site. In the bid to appreciate their patronage, majority of them will choose to offer them some bonuses. Apart from this, there are also some websites that prefer their players to deposit and withdraw with PayPal. What they do is to attach some bonuses to PayPal payments, so that any player who makes payment with PayPal will get the bonus.
