Several driving factors have contributed to India’s meteoric rise as a major online gaming force at the global podium. One of the most pertinent facilitators to this boom is the easy option of fund transfer and management involved in real-money games.
Swift, secure, and simple fund deposits and withdrawals are one of those must-have features for contemporary online gaming platforms. And needless to say, it becomes imperative when you are looking for a reliable platform for sports betting. Including PayPal as a preferred mode of payment has been quite the game-changer here.
PayPal is a world leader when it comes to e-wallets, used for receiving and sending money online. You only need to link your credit card, debit card, or bank account to your PayPal account to start shopping online or send and receive funds. PayPal is designed to be user-friendly and offers top-notch payment security, which accounts for its immense worldwide popularity spanning decades.
Today, PayPal is a viable payment mode offered by all leading esports and betting websites. You might want to consider recommended bookies that accept PayPal as authentic and trustworthy.
Benefits of using PayPal on sports betting sites
The extensive popularity of PayPal on e-betting sites stems from the multifarious benefits it has to offer.
- Widely accepted by legal online betting platforms across the world
- Supports instantaneous withdrawals and deposits
- Charges no fees for betting deposits made using PayPal
- Minimum withdrawal fees for overseas payments
- Ensures highly secure esports betting with stringent payment protection standards
- Known for delivering unmatched services for over 20 years
- Extremely easy to use even by first-time users
Debunking some myths
Many players, especially newbies, are often confused with doubts about using PayPal for sports betting. Some of the most common doubts are:
- PayPal deducts some money when you deposit funds in your betting account
PayPal does not levy any charges or fees when you deposit money in your account with a sports betting website. However, there might be some fees when you try to withdraw money from your PayPal account. You might want to thoroughly read the terms and conditions first.
- Do PayPal deposits allow you to claim your sign-up bonus?
Yes, of course. It is immaterial how you choose to deposit money in your sports betting account. You can always claim the sign-up bonus on any sports betting site, even when you choose PayPal to transfer funds. You might need to have a promo code to claim it, and also make sure to check what the sign-up bonus offered by that platform is.
Final words
PayPal started accepting payments from online sports betting sites only after 2015, debuting with fantasy sports apps. Today, PayPal supports payments across online gaming platforms, including legal sports betting sites worldwide. With the skyrocketing popularity of online gaming in India, the acceptance of PayPal has only soared in recent times, making it a preferred payment mode among both new and seasoned online betting enthusiasts. Leading sports gambling sites in India, like Melbet, Parimatch, Bet365, and Betway, allow betting using PayPal.
Also Read: PayPal’s Xoom adds UPI payments enabling NRIs and PIOs to remit money to India in real time
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