With the widespread popularity of sports betting websites on the internet, many advancements have been made in order to make things smoother for punters. Now, along with traditional payment options, players can also make use of other quicker methods like PayPal for transactions.
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Although credit and debit card methods are still available, most punters feel uncomfortable sharing their sensitive information with online sports betting platforms. An E-wallet like PayPal is an innovative technology that assists users in making deposits and withdrawals instantaneously, without any hassles.
What Is PayPal?
PayPal is an online payment company, based in the United States. It was taken over by eBay in 2002; however, they parted ways in 2015 and started functioning separately. PayPal is a popular banking option for many people worldwide and thus, they process billions in transactions every year.
You can fund your PayPal account via several means such as drawing an instant electronic check directly from your bank account. Bank wires can assist in making large money transfers and punters can also make use of a credit or debit card.
Is it Legal to Use PayPal on Australian Sports Betting Sites?
The use of PayPal for fund transactions at Australian sports betting websites is completely legal. PayPal is a certified e-wallet with its own premises in Australia, and they have created a strong bond with sports betting websites over the years.
Many sports betting websites encourage the use of PayPal as a payment method because of the ease and convenience for both bookies and punters. There are many other great features of PayPal that you will find out later as you read through this.
There are several safe and legal sports betting websites in Australia that include PayPal as a potential banking method. The best thing is that they often also offer players a bonus with which to get started. You can deposit your money on the betting website through PayPal and place a bet in Australian dollars.
Are There PayPal Fees for Aussie Punters?
Online sports betting websites don’t charge a fee for making a deposit with PayPal. However, users who fund their PayPal account with money from debit or credit cards have to pay a fee of 2.9% to use the service. The online bookie will also not charge you any fee.
You can read about it in detail by finding the banking information section of your preferred online sports betting website. Almost all legitimate betting websites have this information displayed in their banking section.
Thus, both deposits and withdrawals through PayPal are free of cost as far as sports betting websites are concerned. When compared to other payment options, PayPal can be considered cost-effective as credit cards often include high transaction fees, regardless of where you are making a deposit. Apart from the fee, users are subject to widespread safety measures.
What are the Alternatives to PayPal for Australians?
One of the most popular payment options in Australia besides PayPal is POLi. It is available exclusively for Aussie bettors, but it only helps them to make instant deposits. Other banking methods that are widely used by Australian bettors are Neteller, Skrill, BPay, and FlexePIN.
Is PayPal Available for Mobile Sports Betting in Australia?
Yes, it is. It hardly makes any difference when you access your PayPal account through your mobile or your personal computer since they will serve you similarly regardless of the device used.
The whole idea of using e-wallets such as PayPal is to offer users the ability to access their funds anywhere and anytime.
Why You Should Choose PayPal to Fund Your Bookies Account
There are several reasons, a few of which are mentioned below:
- Digital Wallet: In today’s digital world, it is quicker and easier to make payments through your smart devices such as your tablet or mobile.
- Privacy: Using PayPal helps to maintain your privacy. Instead of displaying that you have deposited a certain amount to your sports betting website, it will show that you have used the money to fund your PayPal account.
- Trustworthy: Many people are hesitant to give out their personal and financial information to gambling websites, and therefore, using PayPal serves the purpose.
- Convenience: Using PayPal avoids the use of entering long-digit card numbers.
- Economical: Compared to other banking options, the fee linked with using PayPal is less.
- Speed: You don’t have to wait when making a deposit with PayPal as deposits are instant and you can start placing a bet immediately.
Are There any Online Casinos That Accept PayPal?
PayPal is a popular banking option and is used extensively by many people worldwide. Not only used on sports betting websites but PayPal is also used in several online casinos operating in Australia and overseas. It is suggested that you check the banking page of the casino and go through their frequently asked questions for more details.
Is PayPal a Safe Payment Option?
Yes, absolutely! PayPal comes available with all users' Buyer Protection. In case you have used PayPal for online shopping and the item you have bought does not arrive or doesn’t match your expectations, you will be reimbursed through PayPal.
Using PayPal for transactions on sports betting sites is also safe as it does not include sharing your personal and banking information, thus, decreasing the risk of scams. In addition, PayPal makes use of encryption technology and checks every transaction against fraud and identity theft.
PayPal also has devoted customer care support to help people with customer issues and payment disputes.