When using PayPal, there are other methods that you can use. Using PayPal for betting is one of the best ways to make swift transactions. Below, we’ll compare PayPal to other banking methods you can use for legal sports betting on desktop and mobile apps.
PayPal vs Credit cards
While credit cards (Visa, MasterCard, Discover, AMEX) and PayPal are both used for swift transactions, PayPal allows you to connect them so that your credit card information is never directly entered into the payment window at sites that are also using PayPal.
PayPal vs. Debit cards
The same logic applies here as with credit cards; PayPal can act as a barrier between you and the site to avoid having to enter your information. Some banks will also block transactions with online sportsbooks, making PayPal the more reliable option.
PayPal vs. Bank/Wire Transfer
PayPal and bank wires and transfers may be methods that are done online, but PayPal processes quicker than these. PayPal deposits are usually done immediately, while bank wires and transfers could take some time to process. Wires may also carry high deposit requirements and fees associated with using them, which is not the case with PayPal. When depositing with PayPal, you only need to link it to your account, whereas a wire requires you to go into a bank.
PayPal vs. PayNearMe
PayNearMe is also a reliable source for depositing funds but unlike PayPal, requires far more steps and time. With PayNearMe, you’ll begin the process online. However, you’ll receive a barcode that must be brought to a retailer like 7-Eleven, Family Dollar, or CVS to complete. With PayPal, you need to link your account, and you can make an instant deposit.
PayPal vs. ACH/e-check
Overall, PayPal, and ACH/e-checks are similar in terms of convenience. Still, using PayPal requires a simple login to your account. For ACH/e-checks, you may need to engage with banking services.
PayPal vs. Play+
The Play+ Card is convenient and provided by online sportsbooks. While you can use it like a debit card, you must also fund the card as you get low continuously. With PayPal, it will use your balance, or a linked debit card, credit card, or bank account. Unless you are planning to use your Play+ card to make ATM withdrawals, PayPal is usually the better option.
PayPal vs Skrill
Skrill is another e-wallet method that can be used to make deposits. However, Skrill is far less common and less popular with online sports betting sites than PayPal. In our experience, the customer service PayPal provides is superior to Skrill. PayPal betting is also more common, meaning it can be used at far more sites than Skrill.
PayPal vs. Cash at Casino Cage
You’ll need to go to the casino in person when using a cash cage. While you’ll have cash directly in your hands, you must travel to a casino in person to make the transaction. PayPal is certainly the easier method, but Cash at Cage is a better option if you want cash immediately.