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PayPal Betting
PayPal is the leading company in the business of online monetary transactions. The eBay-owned company has gained huge popularity as it allows anyone with an email address to securely, easily and quickly send and receive payments online.
Betting With PayPal
Basically, everyone can use it to transfer money easily as all the information you need is the recipient’s email address. Consequently, PayPal has an impressive number of customers: 100 million account members worldwide – and rapidly increasing. PayPal is available in more than 50 countries around the world and is not only used by individuals, but also by online retailers and businesses, as well as by traditional brick and mortal businesses.
PayPal is, thus, an important institution in online transactions and does not want to risk anything by getting its hands into any illegitimate businesses. This has resulted in a very strict gambling policy because PayPal does not want to get into trouble with US legislation, thereby making PayPal betting a rare sight.
PayPal Bet
On February 27, 2006, Betfair and PayPal enacted in a historical agreement, allowing European customers of Betfair, to use PayPal.
The arrangement will enable Betfair users living in the European Union to use PayPal to make secure and simple deposits and witdrawals. The PayPal bet service is fully integrated with the account management section of the Betfair site so you are able to deposit and withdraw funds from your Betfair account in real time.
The advantage of using PayPal is that you can use a variety of funding sources including credit and debit cards, your existing PayPal balance and, if you live in the UK or Germany, make transfers from your bank account. You will also be able to withdraw your winnings directly into your PayPal account when playing at Betfair. This flexibility is why we strongly recommend a PayPal bet at Betfair.
PayPal Betting at Betfair
In addition to allowing you to pay by PayPal, Betfair is probably the best betting site online. A vast majority of online bookmakers set the odds for you, allowing them to build a huge margin. This has the long term effect that the bookmaker wins, while many players lose due to the profit margin. Betfair is different: it is a betting exchange. That means you and the other players decide upon the odds, just like people on the stock market choose the price on stocks.
Betfair is a great place due to the high odds and high payout rate, but also because it has a vast number of games. It almost never happens that you can find a game on another site, but not at Betfair. Additionally, Betfair offers a lot of live play/in-play betting, meaning you can place bets while the game is on!
To sum up, Betfair is a great site for betting in the first place. What makes it an amazing place to go to is its deal with PayPal, thereby allowing you PayPal betting, PayPal poker and PayPal casino!
PayPal Betting >>
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