Best PayPal online betting sites for Canadians
Choice is an important factor when it comes to identifying the best sportsbooks around but it can come in many different forms. Yes, we want a range of markets but it’s also important to find choice in a bookmaker’s infrastructure.
What are we talking about? Well, this can apply to customer services but also to funding options. For many punters, it’s all about having as many ways to deposit and withdraw as possible. Beyond standard Visa, Mastercard and bank transfers, we’re talking about eWallets.
PayPal is the biggest eWallet of its kind and while not all operators accept it as a form of payment, it’s a useful option to have when it does appear.
How PayPal works
PayPal isn’t a bank but it’s a financial institution that does store your money safely and securely, ready to use at a choice of online retailers around the world. You can add money to your PayPal account by transferring directly from your bank in order to top up or, you can earn money through third party purchases – such as selling on ebay.
Registering is simple and once your details have been filled in, you will need to link a bank account. None of these details are ever shared with the retailer so there is that initial level of security there.
When shopping online, millions of retailers now accept this provider and at the checkout phase, it’s likely that you will see a PayPal button. Click on this and when checkout is complete, you will have paid, either directly from your PayPal balance or from the bank account that is linked to it. It’s a simple way of funding a sportsbook account but what are the advantages of using PayPal ahead of similar options?
Advantages of PayPal for Canadian players
One of the big advantages in using PayPal lies with its low fees. Unlike many of its competitors, there is no charge to make a purchase online because they make their money by charging the retailer. Withdrawals into your bank are also free and these are reasons why PayPal is so popular.
You should, however, just check to make sure that the sportsbook isn’t passing any charges on to you – the customer. This is rare among the bigger bookmaker brands but it’s a point worth checking.
Another clear advantage is that PayPal is one of the longest standing and arguably the biggest companies of its kind. That size alone should lead to trust. Customer service can be a little hard to access as it sits behind a wall of Frequently Asked Questions but once you find it, it should be fast and helpful.
Playing at online gambling sites using PayPal
Firstly, make sure that your chosen sportsbook accepts PayPal as a means of payment. In terms of gambling sites, they are very fussy about who they deal with so not all brands list them as a means of funding. A quick way to check is to scan the bottom of the bookies’ homepage for a PayPal logo or you can just fire over a question to customer services to make sure.
Once that point has been established, the process for adding funds to your sportsbook account is the same as it would be for any retailer. Simply type in the amount that you want to deposit and then click to confirm. The funds will either come out of your Paypal account or the bank that is linked to it.
Play in complete security using Paypal
We’ve mentioned that PayPal doesn’t share your details with retailers and that’s the first positive point to note in terms of security. At the very start of your account, it’s also possible to set up two step authentication which is another big bonus when logging in online.
The site itself is secure and encrypted and PayPal also has a very fair compensation system in place for buyers who have fallen foul of rogue sellers. In the past, it’s even been known to offer rewards to white hat hackers who have found issues with the site so this is one portal which you should be able to use with complete peace of mind.