Punters who like to place a sporting bet have plenty of options these days. It was not so long ago that betting could only happen in person. You paid your money to the bookie, and if your horse came in first or was placed, you would go and collect your winnings. Things have come a long way in the last few decades.
The arrival of super-fast internet and mobile connections has revolutionized how we lay our bets. In addition, we now have a much wider range of sports to bet on. We can access many online betting platforms from our mobile devices and computers.
When you do this, check out that the platform has a valid gambling license. Regulated betting sites guarantee your safety; you can contact the regulatory agency if you have any issues. That is not an option if you use an offshore bookie.
One issue that people sometimes face is how to manage their payments and withdraw their winnings. This is often because they do not understand how the systems work or that different payment methods have different timescales.
In addition, the method used to make your deposit will affect how quickly you can access your winnings should your bet pay off.
To bet at online gambling sites, you must first set up an account. Then, you will be required to verify your age and address details. If you set up your account correctly in the first place, you will avoid any potential delays further down the line. So, it is essential to get this first step right.
Once your account is set up, you then must choose a funding source for your wagering. You will have a range of options, including using your debit or credit card, a direct link to your bank account, a prepayment card, a specialist gambling payment app, or a choice of eWallet like PayPal or ApplePay. Which method you choose will affect the speed you get your payout.
PayPal sports betting sites offer the fastest deposits and withdrawals. Deposits are instant; withdrawals from your casino account to your PayPal account take under twenty-four hours.
As some payment options, like card payments, can take up to seventy-two hours, this is a significant consideration if speed is important to you. Many bookies and casinos claim to offer instant withdrawal.
However, that is from their ‘bank’ to your digital betting wallet. There is then the additional step of the money moving back to your banking account. Using PayPal is the guaranteed way to get payouts fastest.
PayPal has some other advantages as well. It is a trusted brand that offers an incredibly secure transaction process.
You do not need to share any financial information; money is transferred using your email address. If you find a betting site offering PayPal, you know you are in good company, as it is only an option at legal betting sites.
PayPal is not only super-fast and super-secure, but it also allows you to link to whichever funding source you want. So, you can still access your payment card or bank account but using PayPal as the payment gateway speeds up the process.
In addition, the only transaction that shows on your bank statement is PayPal and not where the money was paid to.
To ensure the fastest payouts and deposits, you must set your online gambling account up with the same details you used for your PayPal account. Having the same email address on both prevents delays.
Once you have PayPal set up, it is super easy to use, and you do not have to keep entering payment details; everything is stored in this eWallet for you. While there are alternatives to PayPal, it is hard to beat for convenience, speed, and security.
So, take some time upfront to set your account up correctly, make sure you are playing on a legal, regulated site, and use the exact details for your online gambling account as your payment method. That way, you can sit back, relax and enjoy the sport knowing you have made a safe bet.