Sports betting is popular with Nigerian bettors, and more sites cater to them in response to the demand. These betting sites will try their best to offer the most beneficial services to attract new players, and one of the most important services bettors often consider when choosing a betting site is the payment methods that the site accepts.
As one of the most popular payment gateways worldwide, PayPal is not as common in Nigerian betting sites. PayPal started operating in Nigeria in 2014, and it’s rapidly growing in popularity as soon as it was introduced. Even if it’s relatively new in Nigeria, PayPal proves that it’s one of the most convenient ways to make deposits and withdrawals when we have a betting account.
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Registering with PayPal isn’t hard, and the site will only ask you to fill in your email address and make a new password before you can connect the e-wallet to your bank account. On the other hand, there are some steps you must learn before you can bet with PayPal in PayPal sport betting sites.
After your PayPal is ready to use, you can immediately head to your chosen betting site and start requesting a deposit. Here are the steps you can follow to deposit using PayPal:
Unfortunately, betting sites in Nigeria aren’t accepting PayPal as a withdrawal method. The least you can do is ask the sportsbook to send your requested withdrawal to your bank account directly. You might be able to use other applications, such as Flutterwave, which has collaborated with PayPal, soon enough. Using these applications that can connect your betting account to PayPal will help you withdraw right toward your account.
All payment methods come with a certain minimum and maximum limit per transaction, and so does PayPal. To fund your account or withdraw with PayPal, you must follow these limits to get a successful transaction.
When depositing with PayPal, your chosen PayPal sport betting site might have its unique limit that differs compared to other sites. To know for sure, you must check with the betting site, but the limits would usually be informed right when you’re making a deposit.
The most common deposit limit in PayPal sport betting sites is around $10 to $5,000. You might also find some PayPal sport betting sites allowing limitless maximum deposits with specific KYC procedures when you request a deposit above a certain amount.
As Nigerian PayPal sport betting sites aren’t accepting withdrawals with Paypal, we can’t say for sure how much limit you’ll get when cashing out using PayPal. It’ll depend on which payment method you choose for withdrawing, but like depositing, you might find the betting site offers limitless maximum withdrawal with a small minimum limit. The most common withdrawal limit is around $50 to $10,000, but it’ll differ from one betting site to another.
What makes PayPal better compared to other depositing or withdrawing methods? There’s a reason why PayPal is popular worldwide and quickly gaining popularity in Nigeria. Here are some advantages you can enjoy while you bet with PayPal.
PayPal has been operating in the industry for over 20 years. Many users worldwide actively use PayPal for many purposes, including receiving payments for their businesses, online shopping, and many more. The main reason why PayPal thrived all these years and is able to maintain its popularity is that it provides highly safe and secure transactions.
PayPal tightly monitors all transactions going through their service and will do the same when you’re using it to bet with PayPal. The encryption technology PayPal uses works with intelligent AI that ensures all your financial data is confidential and safe from third-party breaches.
In short, all data you’ve sent to PayPal stays between you and PayPal. Even if you choose to pay a third party, you won’t be required to put any sensitive information that might put your safety at risk.
When registering a new account on PayPal, you only need to enter an email address, make a new password, and link your bank account to PayPal. Once you’ve linked your bank account, PayPal will never ask you to re-enter your bank information ever again. That’s all you need to do to start using PayPal for receiving and sending funds to third parties like PayPal sport betting sites. It takes little to no time to set up a new PayPal account, and it’s just as fast to use PayPal to make payments.
Compared to bank cards, PayPal requires much less information when you’re depositing on a PayPal betting site. Not to mention, the time process PayPal takes to make or receive payments is also much faster than bank cards which can take five to seven business days to finish.
PayPal always processes payments instantly, and you can check them immediately using the app or through the website. The PayPal app also works with Android and iOS, so you can download it no matter what type of phone you have.
Several e-wallets charge you for depositing, but PayPal doesn’t. There’s a 10% fee if you choose to use the instant money transfer, which can finish in 30 minutes, but it’s optional so that you can use the regular payment. You might also find conversion charges when sending money in different currencies using PayPal.
PayPal is one of the most popular payment methods for betting sites worldwide, including in Nigeria. Allowing players to deposit and bet with PayPal is an excellent service to have, and betting sites won’t miss this opportunity. With this fact in mind, you won’t run out of PayPal sport betting sites options to choose from.
PayPal allows you to link more than one bank card and credit card in its app or site. You can easily switch which card you’d like to make a payment from, so you can manage your spending well and bet with PayPal whenever you want.
PayPal is as safe and as common as using bank cards for payments. As one of the most widely accepted payment methods worldwide, PayPal has proven to be an excellent choice for making payments, including to fund your betting account.
Safety is the most important thing when we bet, and PayPal sport betting sites can guarantee this safety. When you find a betting site that allows you to bet with PayPal, you can know for sure that the site is legit and trustworthy enough to try.
Still, there’s room for improvement, especially when you’re looking to withdraw directly using PayPal. PayPal is rapidly growing in Nigeria and has immense potential to be much better in the future. One thing is for sure, if you’re looking to try PayPal for funding your account and have found top betting sites that accept PayPal, it’s worth a try.
Yes, PayPal is available to use in Nigeria and has been operating since 2014. Its growing popularity increases the amount of PayPal sport betting sites available, so you can certainly bet with PayPal in Nigeria.
Minimum deposit limits differ from one betting site to another, so it’s better to check with the betting site for the minimum PayPal deposit. PayPal’s minimum limit is usually around $10.
There are some sportsbooks that offer bonuses for players who choose to fund their account using PayPal. You can claim deposit bonuses, free bets, risk-free bets, and more depending on what the PayPal sport betting sites offer.