Paypal Sportsbook Withdrawal
Introduction
Online sports betting has become very popular and using online payment clients for such transactions even more so. Among the many, PayPal is very popular due to its easy to use interface and simple registrations, nominal charges and best of all, impeccable security. The way sports betting works is that you register for an account with a sportsbook and then make wagers from that. You will need to keep depositing and withdrawing from that account. This is where a service like PayPal helps.
How it works
Each time you have to make a deposit to your sports betting account, you will have to provide financial information such as your credit card number. With PayPal, you can just give your email address and authorize it from PayPal because your bank account or credit card would already have been registered with PayPal.
When you make a withdrawal, you just have to specify the amount and the PayPal details and the money will be credited to your PayPal account. The transaction is usually handled very quickly at PayPal end but it might take your sportsbook around 2-3 business days to fully process it. Once the money reaches your PayPal account, you are welcome to do as you please.
Withdrawing from PayPal account can be done in several ways; wire it to your bank account or to your credit or debit card linked to your PayPal account. In addition, you can choose to spend it online or request a check. Note that withdrawing from PayPal can cost you around 2% of your withdrawal amount.
Other features and notes
PayPal is so popular among sportsbooks that some of them offer bonuses when you use PayPal over other payment options. Thanks to its security a lot of people are using it and availing the bonuses. Note that while PayPal is available to US users, betting online is rather restricted and limited only to US sportsbooks due to restrictions.
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