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Betting using PayPal

Published on: 03/09/2016

There are numerous options when it comes to making financial transactions on internet-based bingo clubs, poker rooms, casinos and bookmakers. Many are only able to offer a single currency, whilst others include withdrawal and depositing services. Major credit-cards usually require approval processes and pre-authorisations. Virtual banking services such as those provided by PayPal are becoming ever more popular with on line gaming enthusiasts.

PayPal was originally launched in 1998. It is an American company owned by eBay with its headquarters in California. PayPal operates a global online payments service where funds can be transferred via the Internet from nearly 200 countries. PayPal has become extremely popular due to its service being straightforward, fast and secure. PayPal is affiliated with hundreds of online gaming, bingo and casino web sites, the majority of which primarily use the English language. Examples include Betfred Casino, Eurogrand, Party Casino, 888 Casino and 32red Casino, Bet365 Bingo and William Hill Bingo.

Poker fans top choices include Bet365 Poker and William Hill Poker. Race and Sports Books affiliated with PayPal include Ladbrokes, William Hill, Paddy Power, SkyBet Sports and Victor Chandler.

PayPal implements a 100% guarantee for protection against unauthorised payments from any account. PayPal prides itself in providing a worldwide real-time payment service which is fast and secure. The company has invested in state-of the art fraud prevention systems whilst optimising the finance, bank accounts and credit card infrastructures.

However, PayPal is only available within Europe for gambling transactions. Payments from U.S. accounts to gaming sites are not permitted via PayPal. PayPal is a worldwide global internet payment company or “digital wallet”. It connects to various traditional financial transaction methods such as credit cards and bank accounts. It is not necessary to give billing or credit card information for funding your account as PayPal initiates requests without sharing details with the web site in question.

PayPal’s primary function is to offer services for transactions via credit or debit cards and bank accounts. With credit or debit cards linked to PayPal accounts, funds are transferred instantly and no fees are applied. However, funds from bank accounts can take up to two or three days to be processed. Money that is left in a PayPal account can be withdrawn to a bank with without a charge.

PayPal also has a product called MoneyPak which is a US-based funding option, and another other product called PayPal Extras MasterCard Points Programme. Further products are being developed to make online transactions even easier.

Additional charges may be implemented for cross-border transactions involving foreign currency exchanges. Offshore casino withdrawal funds usually involve additional charges as well as fixed fees for currency exchanges for example Euros into U.K. Pound Sterling.

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Any odds displayed within this article were correct at the time of publishing (03/09/2016 21:42) but are subject to change.

Published on: 03/09/2016 © Bet Bind
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