Author:
James Hall
Last Updated on:
12/09/2024
Experiences:
Keen writer and esports enthusiast
Experiences:
Keen writer and esports enthusiast
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Table of Content
- Making a payment with PayPal – a step by step guide
- Average time of PayPal for deposits and payouts – Quick and easy
- The history of Paypal – a rich history that always saw success
- PayPal compared to other providers
- The top-rated payment providers – why should I trust PayPal?
- eSports betting sites with Paypal – the top examples of operators that use PayPal
- Conclusion – a reliable payment method for any eSports bettor
- Online bookmakers with PayPal FAQ
Making a payment with PayPal – a step by step guide
PayPal excels at simplifying payments. Many payment methods, such as credit cards or bank transfers, often require many security steps and measures that become frustrating in the long run.
While you can use credit cards for eSports betting, PayPal cuts the fat, without losing any of the secure elements.
1. Open an account
First things first, you’ll have to set up an account with PayPal. There are two options: personal and business. Depending on your betting habits, you can choose either one – pro bettors should go with business when using eSports betting sites with PayPal.
2. Add your bank account
Next, you’ll have to link your bank account. This is what makes PayPal stand out among other eWallets, such as using Ecopayz betting sites. Once you verify your bank account and link it with PayPal, it is always tied to your bank account. That will ensure your security when using online bookmakers with PayPal.
3. Verification
To make your PayPal account ultra-secure, you’ll have to go through quite a few verification processes. You can verify your mobile, your email, and your bank card – all of this will just add to the security of your account when using eSports betting sites with PayPal.
4. Deposits and withdrawals
This is the simplest step at all. To deposit or withdraw using PayPal, you just have to put in the amount, and verify the transaction using your password. You’re free to deposit and withdraw as much as you like.
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Average time of PayPal for deposits and payouts – Quick and easy
What makes eSports betting with PayPal so enticing, along with Paysafecard betting sites, is that the payments are generally quick. Most eWallets will offer payment methods that are cleared within 24 hours, but how does PayPal match up to the other eWallets?
If you’re withdrawing directly from your betting account or through another eWallet, payments will be around the 24-hour range.
This is great when you’re betting on eSports with PayPal because it means you will get your winnings quickly. However, there can be complications if your bank account is unverified.
Transferring your winnings to your bank account can take 2-3 days, depending on the amount and if your account is verified. Still, you can see why PayPal is one of the preferred eSports betting methods, online bookmakers with PayPal generally prioritize speed. Similar to Skrill betting sites, you’re guaranteed to get your full payment with minimal time wasting.
However, if you’re waiting for longer than 3 working days for your payment, that’s unacceptable. Chances are the online bookmaker with Paypal you’re using is unreliable.
PayPal verification process – a substantial, worthwhile process
As we stated before, PayPal is a little more thorough with its verification process.
That is not to discount any operators that use other eWallets, such as Klarna eSports betting sites. But PayPal goes to extreme lengths to make sure your payments are completely secure.
For example, you won’t be able to make any payments with PayPal until your account is verified. To verify your account means verifying your bank card or bank account.
This is a simple step that adds to the overall security of using eSports betting sites with Paypal. But, it doesn’t take up too much time either. Just go to the “Banks and Cards” tab, in the “Pay and Get Paid” section.
Then PayPal will make two randomized deposits to your account – both under $1, we’re afraid! You have to confirm the exact amounts of both these deposits, then your account is confirmed.
The only difference when confirming your bank card is inputting a four-digit code that PayPal sends you.
The history of Paypal – a rich history that always saw success
PayPal was not always a staple with bookmakers, believe it or not. However, back when PayPal was established, it was quite a revolutionary concept. There are no real hiccups ever since PayPal was created, it has always been gradually on the rise.
Understandably so! Look at the best online bookmakers with PayPal. They’re usually the most reliable, and for good reason.
It was created in 1998, by two young software engineers called Max Levchin and Peter Thiel. The platform became available in 1999 exactly as it is now – a way to transfer money quickly without bank intervention. It would soon become a reliable payment method in all forms of business, including online bookmakers with Paypal.
PayPal went public in 2002, and they were quickly purchased by eBay. That’s when they grew to the international level they have now reached.
PayPal accepted several new currencies shortly after the merger such as the Singapore dollar, the Swiss franc, and the Russian ruble. It was only in 2007 that PayPal acquired their EU banking license and that’s when they became available to all the countries currently in the EU.
Soon, betting on eSports with Paypal, and betting in general with PayPal became commonplace. It became one of the best eWallet payment methods in betting, matched only recently by eSports betting with Revolut.
PayPal compared to other providers
When you match PayPal up to many competitors, it can be stiff competition. After all, when it comes to eWallets, PayPal is often considered the ‘granddaddy’ of the entire payment method.
In the same vein, you also can’t deny the quality of payment methods such as eSports betting with Bitcoin, cryptocurrency has been a huge leap forwards in terms of revolutionary payment methods.
We believe PayPal still reigns supreme over all of these new payment methods, and even the more traditional methods. We only need to tell you one word to confirm this: security.
PayPal has found that perfect balance between security and speed when it comes to payments, especially when betting on eSports with PayPal.
eSports, in particular, can be a high stake, high-speed betting prospect. When you’re betting on an intense League of Legends game, you barely have time to spare for debit card deposits or withdrawals! Many eSports betting sites offering Trustly can often work too, but the fact is that PayPal is more available than Trustly currently is.
Any online bookmakers with PayPal know that they’re giving bettors a quick option – just log in to PayPal, put in your password, and deposit and withdraw at your leisure.
Not only that, but you can handily trust your payment is secure. After all, if you are betting on eSports with Paypal, and perhaps the operator seems a little untrustworthy, PayPal will let you know about it. They’ll warn you about making payments to unknown platforms, and give you that reason to second guess when it matters.
There’s no doubt that despite all of these great e-Wallets that are popping up, PayPal still reigns on the throne. It’s because it’s the most secure payment alternative you’ll find out there today.
The top-rated payment providers – why should I trust PayPal?
Well, if we haven’t convinced you yet, we’ll give you a more technical analysis of how secure PayPal can be.
PayPal is a platform that is fully licensed and regulated by every state and country body it has visited. This includes, but is not limited to, the Hawaii Division of Financial Institutions, the Florida Office of the Controller, and the Colorado State Banking Commissioner.
PayPal would not be the only payment method limited to this strict legislation and regulation.
All of the payment methods we have mentioned in this article go through several regulatory boards, processes that involve verifying their transaction methods and making sure it is in line with state/national statutes when it comes to finances.
There’s no need to worry when you’re using a payment method like PayPal, it’s gone through all the tests that make sure it is as secure as can be. Sometimes though, you might have to be more careful about the operator rather than the payment method!
eSports betting sites with Paypal – the top examples of operators that use PayPal
Alright, now you know everything you need to know about PayPal. Let’s get right into the betting! We’ve put together a comprehensive list below of the absolute best eSports betting sites that use PayPal.
We can guarantee all of these platforms are not only safe but enjoyable to use. We’ve also listed their signup bonuses, just to give you a flavor of what the platform has to offer.
- Cyber.bet – Cyber.bet is a platform that covers all the main gaming markets in detail and has some great competitive odds to top that off. You have a 100% match deposit bonus of up to $250 on signup.
- Sportsbet.io – Sportsbet.io is a unique addition to the list, as it not only supports PayPal but cryptocurrency too. It’s also got a small casino as well as eSports. Their current signup bonus is a 100% bonus on your winnings on a select number of eSports games.
- GGBet – The standard in eSports betting, GGBet offers the best range of gaming markets you’ll find when eSports betting. They’re also one of the few eSports markets that offer daily live streaming.
- Winners.bet – Winners.bet is a great new addition to the eSports betting world, with a stunning website design and a great range of promotions. One of those promotions is a 100% match deposit bonus of up to $50, their signup bonus.
- Bitcasino.io – The mobile addition to our list, Bitcasino excels in having fast payouts. This is where you’ll find PayPal’s security comes in handy – most Bitcasino payments are cleared within 24 hours.
Their current signup bonus offers 200 free spins and up to 10% cashback on all wagers.
Conclusion – a reliable payment method for any eSports bettor
PayPal is widely considered as an industry standard at the moment. Now you know why: PayPal ticks all the boxes that a payment method should tick. Their security measures are up to par, and they even take the next step to make sure everything is secure.
They also are one of the quickest payment methods out there, consistently – many payments will come within one working day, and three at maximum. Setting up an account with PayPal is simple, and is well worth a few quick minutes. PayPal is a requirement for the best eSports betting sites; and for good reason.
Online bookmakers with PayPal FAQ
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