The Online betting market is growing more and more, and it is not surprising that operators and companies are always looking to innovate and implement new payment options such as PayPal. Due to the need of users, and due to growth, there are online betting sites that opt for this option, and today you will find out what they are.
Restrictions on bookmakers with PayPal
In Spain, a supplement to the laws against betting was integrated, known as Royal Decree 958/2020, which limited promotions to new users. Basically, it requests that new users meet some requirements in order to obtain bonuses or participate in promotions, and they are:
- Comply with a minimum of 30 registered days.
- Have a minimum age of 18 years.
- Have completed the identity verification process.
Likewise, in each operator other terms and conditions apply to obtain each bonus. Therefore, we suggest reading in the bookmaker you have chosen what are the requirements that must be met to opt for these additional benefits.
How to place bets with PayPal?
Placing bets with PayPal is quite easy, and the first thing is to register in one of the betting sites that we have mentioned and then carry out the steps that we will mention below, starting with:
- Carry out the identity document verification process at the bookmaker.
- After that you must make sure you have a PayPal account that is linked to your bank account or VISA/MasterCard card.
- Now you must look for the deposit area in the bookmaker and choose the option that mentions PayPal.
- You will need to mention the amount you wish to deposit, and a PayPal pop-up will now open.
- Touch add your PayPal data to log in and proceed to make the payment to the sports betting site.
And ready! In a matter of seconds your payment will be approved and you will be able to play.
Alternatives to PayPal
Even though PayPal is a safe and reliable deposit option, there are alternatives in these online sportsbooks that you can consider, and they are exactly:
- Neteller.
- Skrill.
- Vizum.
- Paysafecard.
- Bank transfer.
Frequently asked questions about betting with PayPal
In case there are any questions related to betting with PayPal, we hope to answer them in the FAQ section that we have prepared below.
Are there fees for using PayPal?
Yes. PayPal has its own commission system when making payments or deposits, for this reason we invite you to visit its website to find out the fees it charges for each transaction.
Can you deposit with PayPal without registering?
No. PayPal is a wallet with high levels of security, and for this reason they ask the user to register and go through an identity verification process.
Can you withdraw with PayPal?
Yes. In some bookmakers that allow you to place bets with PayPal you can also request withdrawals.
Conclusion: Is it safe to bet with PayPal?
Undoubtedly, PayPal is one of the best options for placing bets online, not only because it is fast and reliable, but also because it will always ensure the safety of users who register with the wallet. For this reason, and for many more, it has become a safe and preferred option for many bettors.