Pure Win accepts INR
Contents
- Introduction to Paypal
- Brief Overview About PayPal
- Criteria for Choosing the Best Betting Sites That Accept PayPal
- Making a Deposit with PayPal at Betting Sites
- Requesting a Withdrawal Using PayPal at Betting Sites
- PayPal Betting Sites Safety and Security in India
- PayPal Security Measures
- PayPal Betting Site Bonuses and Promotions
- Fees for Indian Paypal Users
- Deposits and Withdrawal Limits on PayPal Betting Sites
Introduction to Paypal
Paypal now has over 400 million active users internationally. The main reason why PayPal is so popular amongst users is that it can be a great account for personal and business use. It also accepts over 100 different currencies, so people working across the globe can receive payments in different currencies while withdrawing in their local currency conveniently.
PayPal also lets users send invoices and track if their clients have paid the invoice and when. For businesses, PayPal is one of the best ways to offer their services internationally without the boundary that’s currency. Currently, over 30 million worldwide merchants have chosen PayPal as their payment gateway.
Almost everyone has switched to online payment nowadays, including in India. It’s much easier to manage finance through a mobile device that they always carry in a day. This is why PayPal, which is widely accepted by countless merchants, became widely used in India and other countries.
Brief Overview About PayPal
Betting sites know how popular PayPal is throughout the world. They’ll never miss the chance to cater to a large market, so you can’t easily find a good sportsbook that accepts PayPal.
On the user’s side, PayPal offers easy registration that only requires basic information like an email address. You can then connect your PayPal with a bank account of your choice so that you can withdraw your Paypal balance to your bank account with one tap.
Sending and receiving payments aren’t the only thing that PayPal offers to its users. Using Payplay, you can also pay your bills using your linked debit or credit cards. You can also connect more than one payment method on your PayPal, so you can switch the fund sources anytime you want.
PayPal History and Growth in India
PayPal officially offered its services to the Indian market for a long time, but it only allowed Indian users to do local transactions in late 2017. The same goes for the merchants who choose to use PayPal to do business in India. All transactions PayPal accepts from India are for cross-border payments only and not locally. Two years after the change, the Indian Online Consumer Survey immediately saw the potential of PayPal rising, quickly spreading among consumers with high incomes in India.
However, the change didn’t last for too long. In 2021, PayPal again shut down the domestic payment features it offered in India. PayPal users in India now can only do cross-border payments only, like how it used to be.
Like in other countries, over half of India’s population had started switching traditional payment methods to online and mobile payments for making purchases at retail stores. Still, PayPal has many competitors in India, so it couldn’t quickly win all Indian e-wallet users’ hearts. The numbers, however, are still significant, knowing that UPI system payments and stored-value wallets are usually what Indian users like best.
How Does PayPal Work in India?
PayPal works like most electronic wallets, which require you to put in personal information to register an account. The information will be your email address and phone number, and then you can verify your account to start using it.
After making an account, you can connect PayPal with a credit or debit card of your choice by entering the card number, expiration date, and CVV numbers. You can connect multiple cards, and PayPal supports several local Indian banks like Axis, HDFC, IDBI, ICICI, State Bank of India, and more. Note that all the cards must be linked to either Visa, MasterCard, American Express, Maestro, or Discover to connect with PayPal.
PayPal will then check your bank account, and then you can start withdrawing the balance on your PayPal to your bank.
Criteria for Choosing the Best Betting Sites That Accept PayPal
- Accepts PayPal for deposits and withdrawals
- Offers a quick payment process and little to no admission fee
- Licensed and regulated
- Provides players with various betting options
- Give great odds
- Provides a large selection of sports events
- Offers an attractive welcome bonus and promotions
- Responsive customer support that you can reach 24/7
Making a Deposit with PayPal at Betting Sites
After choosing the best sportsbook that accepts PayPal, you can register a new account. The betting site usually requires you to put personal information like email address, phone number, full name, home address, and others. After registering and verifying your account, you can fund your betting account using PayPal.
Step-by-Step Guide
- Find the cashier tab and select deposit
- Choose PayPal as your depositing method
- Enter the amount you want to transfer from your PayPal to the betting account
- The betting site will redirect you to PayPal
- Log in to your PayPal account
- Verify the payment and confirm the bill
- Submit your deposit request
Indian Users’ Common Issues for Depositing with PayPal and How to Solve Them
The most common user issue when depositing with Paypal is a pending status that pops up after you’ve submitted the transfer request. If this happens to you, the most plausible explanation would be that the betting site might have a checking procedure for PayPal.
Each sportsbook that accepts PayPal is different, but some sites have a specific procedure when receiving and sending out payments. PayPal requires both parties to confirm the transaction, so if you don’t immediately receive the fund you’ve sent to your betting account, your betting site is still checking the payment.
Requesting a Withdrawal Using PayPal at Betting Sites
Say that you’ve won your bet and want to quickly withdraw your winnings, then PayPal is one of the best payment methods you can choose. Withdrawals using PayPal are quick, and the betting site will usually instantly process the payment. If you’re unsure how to withdraw your winnings using PayPal, here’s what you can do.
Step-by-Step Guide
- Login to your betting account and click the Cashier tab
- Choose PayPal as your payment method
- Enter the amount you want to move to PayPal
- Submit your request to the casino
Indian Users’ Common Issues for Withdrawing with PayPal and How to Solve Them
One of the most common problems is that you don’t receive the withdrawal right after requesting it. We’ve mentioned that withdrawals using PayPal are instant, but you can check with your betting site and confirm if they can process the payment instantly. As betting sites often have different procedures to process payouts, there are times when the payment takes longer than it should. It’s better to wait at least 24 to 48 hours before contacting the site’s customer support for help.
If the betting site has confirmed that it has successfully sent the payment, the issue might be on your end. Paypal will only let you receive payments after you’ve submitted all the KYC PayPal asks, including a confirmation to the email you use upon registering and several other documents for PayPal to confirm your identity.
PayPal Betting Sites Safety and Security in India
PayPal is popular and has been operating for quite some time. The number of users that have a PayPal account can help reassure you that PayPal is secure and safe to use for your gambling purposes. Still, we must tell you more about what PayPal has done to ensure your account and information safety.
PayPal Security Measures
As an electronic wallet, PayPal ensures you won’t have to share your information with any third party. When you use PayPal to fund your betting account, the page will automatically redirect you to PayPal. You won’t have to share your information with the betting site because you’ll only log into PayPal, which is the only one keeping your information.
PayPal will also monitor the merchants you’re sending your money to. If the HTTPS connections aren’t secure, PayPal will stop you from making the transaction.
All businesses like PayPal, which handles credit and debit card transactions, must comply with Payment Card Industry Data Security Standard. PayPal also holds many certifications, including the Visa Cardholder Information Security Program, the American Institute of Certified Public Accountants’ Statement on Standards for Attestation Engagements, and the Mastercard Site Data Protection Program.
PayPal Account Safety
PayPal ensures you’re the only one with access to your electronic wallet. You’ll enter a unique OTP on every login attempt to be notified if a stranger tries to log into your PayPal account.
Your data is secure with PayPal, as it enforces data encryption to ward off third-party manipulation. While your money is on the move, PayPal will ensure TLS connections are established by your device to connect right to the PayPal server, so there won’t be any outside interception.
When you receive payments, you’ll also get an email notification. If you ever receive payments from a transaction that you’ve never made, you can notify PayPal to help you trace the transaction and investigate it.
PayPal Betting Site Bonuses and Promotions
Each sportsbook that accepts PayPal will offer you various bonuses. You’ll mostly find welcome bonuses, which you can only take once as a new player and promotions for after you’ve claimed and spent your welcome bonuses.
You’ll find various bonuses like cashback, deposit match bonuses, risk-free bets, free bets, and more. These betting sites might also offer some seasonal bonuses, so ensure you keep checking to not miss out on the promotions.
Fees for Indian Paypal Users
Each sports betting site has its own transaction fee, but e-wallets are usually free. Paypal, on the other hand, has some transaction fees. Luckily for Indian users, PayPal won’t charge you any transaction fees, with one exception. PayPal will charge you 250 INR if your withdrawal or transfer request fails because you entered the wrong delivery information. This will probably never happen as a sportsbook that accepts PayPal will redirect you to PayPal automatically so that you won’t have to enter any information while using PayPal for betting purposes.
Deposits and Withdrawal Limits on PayPal Betting Sites
Betting sites will usually tell you exactly the minimum and maximum limits for both transactions. Each betting site’s limitations will be different, so you must check with your chosen betting site.
PayPal also doesn’t limit your transactions, but we recommend checking your account. If you haven’t verified your PayPal, it’ll give you a lower limit. You can see these limits when transferring money from your PayPal account.
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Can I use PayPal for deposits and withdrawals on betting sites in India?
There are many sportsbooks that accept PayPal in India. Still, it’s best to check with your chosen betting site to know more if the betting site accepts PayPal for deposit and withdrawal simultaneously.
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How much is the fee to deposit and withdraw using PayPal?
PayPal doesn’t charge you with any fees when making transactions. E-wallet transactions in most betting sites are free as well, but some sites might have an admission fee.
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What is the minimum deposit with PayPal on betting sites that accept PayPal?
The minimum deposit using PayPal differs from one betting site to another. You’ll usually see the information on the Cashier tab near the name of the payment method you want to choose.
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