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PayPal is one of the biggest names in the online transactions business and if you are looking for comfort and safety when making transactions online, then you are unlikely to go wrong with them. You can do money transactions at bookmakers without any problems thanks to the security features that PayPal provide.

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PayPal lets you make quick and secure money transfers to the many online merchants and banks all over the world who accept them.

PayPal keeps the money from your account and then allows you to transfer them online to the respective merchant. The process is very quick and you don’t have to give out your personal financial information thanks to PayPal.

How to Use PayPal at Betting Sites

 PayPal at Betting Sites

PayPal are one of the biggest companies for online transactions, thus many bookmakers are willing to accept them as a payment method, and some even go the length of offering a free bet to people who use PayPal. It’s also very easy to deposit money to your account at a bookmaker with PayPal.

First, you need to create a PayPal account and connect it with your bank account by providing some basic information and depositing money from there into the newly created account.

You can also prove that the account is yours by verifying it. This can happen when PayPal make two deposits into the account and you have to verify the amount. That way your account will be verified and can freely transfer money from and to PayPal. Verification is required for accounts who send more than 500$ per month.

After you have completed all of the procedures required to set up your account, all you need to do is select it as a payment option and the merchant will withdraw money from it just like if it was a bank account.

With PayPal you can deposit and withdraw money whenever you want which is always great. The payments are usually processed in about 3-5 business days which is the standard for almost all websites.

PayPal Online Security

All PayPal users can feel confident when it comes to online security. It’s always good to use a third party when dealing with online payments so that you don’t have to share your credit card information or the details of your bank account to more than one party.

PayPal take security very seriously want you to feel safe when using their services, so they have implemented the required security measures which will help you if there is a break in security and the information that you shared with them won’t be compromised.

Sometimes PayPal go a little too far with the caution and your account can get locked, frozen or flagged if you travel around the world or have to deal with cross-border transactions. Fortunately, you can resolve this problem fairly quickly by contacting customer support and explaining to them what the issue is. Still, it’s better for them to be overprotective than to lack security.

PayPal History

PayPal History

PayPal is around since the late 1990’s and even though it wasn’t an online payment system at first, the demand for one made the company change their priorities.

One of the main reasons why PayPal became so popular was the auction website Ebay and even though they had their own payment system, PayPal proved to be better because of its flexibility. The customers had more freedom with their money and this made PayPal a preferred payment service for Ebay and other sites.

Ebay purchased them in 2002 and they became the official payment option for all auctions there, but the company continued to offer their services independently which included processing online payments to and from all kinds of merchants. This made them a favorable option for punters, because many bookmakers started to accept them due to the increase in popularity.

PayPal Associated Fees

You could be charged fees either from the bookies themselves or PayPal, which isn’t always nice, but necessary.

Luckily, many of the major online betting sites don’t charge customers who deposit directly with PayPal anymore, but websites can still change that anytime they want, so we recommend that our readers always check the current information before taking any action.

Unfortunately, PayPal will charge you fees for their services, like for example if there is a different transaction in place. These fees will depend on your account type, the transaction type and the payment option that you select.

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