- Faster than a check
- Simple record-keeping
- Competitive pricing
The original online payment service, PayPal has historically avoided getting into the online sportsbook betting industry – directly. That said, their services are easily used as a bankroll building payment option at all of our Top 25 online wagering websites. Simply use your PayPal account to buy online gift cards, or purchase a money wire. From there, transfer the funds to your betting account to receive betting cash in seconds. American laws do currently restrict the use of PayPal by U.S. resident for gambling transactions.
Paypal Friendly Sportsbooks
Starting in 1999, PayPal spearheaded the internet-based payment service. It became the preferred payment method for millions of people when eBay acquired it in 2002. By using PayPal, you can deposit and withdraw with immediacy. And by keeping your balance separated, you can monitor your funds more closely. PayPal is quite selective in which sportsbooks they are willing to offer their services. It’s a strong sign of trust and if the sportsbook uses PayPal, you can be assured of its reliability and strong stance in the industry.
It should be noted that while PayPal is quick and easy to use, it is not the cheapest form of online payment service offered. Its fees are higher than competitors such as Skrill and Neteller.