Can You Use Paypal On Bovada
Successful bet funding has always been one of the chief hurdles for American gamblers who play at legitimate online casinos.
Slots game variations. Days later, you think. Here are the latest ways to improve your earn rate on comps, another thing added to my plate—but here’s a look at how investing for your baby now can help you set your child up for success. Deposit of funds is also easy to set up in Bovada. You can use your credit cards as long as they are on the list of allowed transaction methods or you can even use digital accounts that contains cryptocurrency. Deposits and withdrawals via money wire transfers such as PayPal are also available on the site. Risks and Rewards.
Despite these real-money betting sites being legal and safe to use, gambling laws like the UIGEA sometimes make traditional banking deposits a real headache.
While it doesn’t happen often, debit or credit card casino deposits can be declined by automated banking restrictions. To get around that, the best Internet casinos are always on the lookout for useful, reliable alternatives.
Bovada MatchPay – which launched just a couple of weeks ago – is the latest such forward-thinking move from America’s favorite betting site, and it’s arguably the most revolutionary casino banking method since online gambling sites started accepting Bitcoin several years ago.
To be clear, MatchPay is not a Bovada product – Bovada is simply the first reputable gambling operator to directly employ the trading platform.
So what exactly is MatchPay?
MatchPay is a third-party service that allows members of retail merchant sites – including legal online casinos – to buy and sell eligible account balances from and to other site members via a number of popular instant-pay person-to-person services:
- PayPal
- Venmo
- Cash App
- Zelle
With the exception of Zelle, USA players have never before been able to fund their accounts with these services.
This makes MatchPay a first-of-its-kind offering that expands the options for all online gamblers looking for fast, safe, easy, and fee-free ways to get their accounts topped off ASAP.
Note: In the case of Zelle, Bovada and its sister sites (Café Casino, Slots LV, and Ignition Casino) have long supported the service through plug-ins on their Cashier pages. However, Zelle is open to members of all legit online casinos via the Zelle-to-BTC exchange process at LocalBitcoins.com, though MatchPay’s Zelle implementation is very different.
MatchPay is a true gamechanger because of its support for the above payment methods, much the same way that QuickBit’s QB Direct service has changed the game for members of the sites that support that platform (i.e. Roaring 21, Casino Max, and Cherry Jackpot).
However, while QB Direct offers gamblers a fast, simple way to deposit with Litecoin without first going through the time-consuming rigmarole of buying cryptocurrency, MatchPay is not a crypto exchange. MatchPay transfers exclusively support fiat currencies.
This means that when you use MatchPay to fund your Bovada Casino account, you aren’t going to be eligible for the enhanced Bitcoin gambling bonuses or other crypto bonuses on offer, though standard casino bonuses are still in play.
Of course, that’s a small price to pay for being able to finally make online gambling deposits with PayPal, Venmo, Cash App, and Zelle.
And like Bitcoin/crypto deposits, MatchPay allows for same-day payouts!
Previously, same-day payouts were the exclusive domain of crypto at the best online casinos, but MatchPay lets you sell some or all of your account balance to fellow members, any time.
That said, this is an automated process, so you won’t always be able to claim same-day withdrawals via MatchPay, but it is an option.
Other withdrawal methods take 2-5 days on average, so for many players who don’t exclusively gamble with crypto, MatchPay withdrawals are a positive boon.
Right now, Bovada Casino is the only trusted online betting site that supports the new MatchPay service, but more are sure to come on board in the near future. And when they do, the process for how to use MatchPay to fund your online gambling account will likely be identical to Bovada’s current implementation.
Here’s how MatchPay works:
- If you aren’t already a member, sign up at Bovada by checking out our 2020 Bovada Casino review and following the included links.
- During the sign-up process, be sure to enter your real credentials, including your full name, email address, and telephone number. Then, choose a username and password for your account.
- Once you’re at the casino deposit screen, select the MatchPay option. Existing members can skip steps one and two and choose MatchPay from the Bovada Cashier page directly.
- Here, you will be redirected to MatchPay’s site, where you must sign up to become a MatchPay Trader. (You can also do this from outside Bovada’s plug-in by going to the MatchPay.app website.)
- Enter your name, phone number, email address, a username, and a password.
- MatchPay will send you two codes: one to your phone and one to your email. You must verify your MatchPay account using these codes per the instructions provided.
- Once verified, you are now a MatchPay Trader, and you simply enter the amount of money you wish to deposit at Bovada. MatchPay will automatically find you a Bovada member that is also a MatchPay Trader, with whom you can make arrangements to transfer funds.
- Using PayPal, Venmo, Cash App, or Zelle, just send the amount of money requested via these services to the Bovada MatchPay seller, who will release their balance into your Bovada betting account.
After this process completes, you are now ready to gamble!
While MatchPay is secure and backed by both the company’s guarantee and Bovada’s terms of service, it isn’t perfect. That is, it still constitutes an extra step. But that’s because there simply aren’t any online PayPal casinos, Venmo casinos, Cash App casinos, or casinos that accept Zelle directly.
However, MatchPay is absolutely the closest that USA online casino players are likely to get to being able to use these popular peer-to-peer payment platforms when funding their legal offshore gambling accounts, and that’s a very good thing.
Typically, the MatchPay process takes about 20 minutes start to finish, at least for deposits. Because of the pairing technology used by the service to match buyers and sellers, employing MatchPay as a seller can take a bit longer.
Still, same-day payouts are very much a possibility with MatchPay, and as with deposits, there are no added fees for selling through the service.
All in all, we’re very excited about MatchPay, and you should be too.
With Bitcoin support, QB Direct support, and now MatchPay support, the best online casinos just got even better!
In terms of both convenience and security when it comes to online gambling there aren’t any better choices than PayPal. It allows you to quickly and easily fund and withdraw from your account and in the process you’re protected by the many security features PayPal has to offer.
Best PayPal Betting Sites: Top 9
The following is a list of the best sites for betting with PayPal:
*Info accurate as of 10-03-2021 for the UK market.
PayPal Betting Sites Compared: Limits & Fees
| Bookmaker | Min | Deposit | Withdraw | Fees |
|---|---|---|---|---|
| Betvictor | £10 | Instant | 1-3 days | 0% |
| Coral | £5 | Instant | 24 hours | 0% |
| William Hill | £5 | Instant | 24 hours | 0% |
| Paddy Power | £10 | Instant | 1-4 hours | 0% |
| 888Sport | £20 | Instant | 2-5 days | 0% |
| Betfred | £10 | Instant | 24 hours | 0% |
| Ladbrokes | £10 | Instant | 6 hours | 0% |
| Unibet | £10 | Instant | 24 hours | 0% |
| Betfair | £5 | Instant | 24 hours | 2% |
| Boylesports | £10 | Instant | 1-5 days | 0% |
| Betdaq | £10 | Instant | 1-5 days | 2% |
How to Use PayPal: Deposits & Withdrawals
As one of the largest online payment processors, PayPal is widely accepted by online bookies, and many sites even offer a free bet bonus for punters who make their initial deposit via PayPal. Moreover, as PayPal is a fully electronic payment storage option, making a deposit to a bookmaker which accepts PayPal is extremely easy – as is making a withdrawal.
How To Deposit:
- To get started with making a deposit via PayPal, you’ll have to first set up and fund your PayPal account.
- Head to PayPal.com to open an account now.
- For greater convenience, you can verify the account with PayPal which lifts your £/$500 monthly limit (find instructions when logged in on the PayPal site.
- Now add money to your PayPal account by simply clicking the ‘Add Money’ button (when logged in). It will process the same way as any online payment.
- Next log into your chosen PayPal friendly bookmaker, select deposit and easily move funds from PayPal to your betting account.
- If you bet with PayPal all deposits process instantly.
How To Withdraw
- Log in to your betting account and hit the withdraw link.
- Select PayPal as your chosen method and enter the amount you wish to cash out.
- Confirm the transaction – most bookies process PayPal withdrawals instantly (one of the biggest perks of this option).
Security & Anonimity: Stay Safe With PayPal
If you’re using PayPal to process online financial transactions, then you are already in a pretty good place in terms of security. Here’s how PayPal keep you safe:
Protecting Card Information
It is always a good idea, especially for the more security-minded among us, to use a third-party payment processor for any online payment. This saves you from sharing your credit card or bank account details with a wide variety of sources, and instead means that you’re only providing the critical information to one party (in this case PayPal and not the betting site).
SSL
PayPal does recognise how critical the safety of your information truly is, and have taken all industry-standard measure to make sure that your information is locked up securely (behind their Secure Sockets Layer), and that you don’t maintain any liability should the information be compromised. If you check your address bar you’ll see we employ the same security function here on Cheeky Punter.
Transaction Monitoring
PayPal takes their security extremely seriously, and tends to err on the side of caution when dealing with potentially fraudulent activity. Particularly if you travel internationally, or deal with a lot of cross-border transactions, you might be see your account flagged, locked, or frozen with some regularity. This is usually sorted out with a quick call to customer service. It’s better to be safe than sorry.
Anonymity
Finally one of the best things about using any of the Paypal betting sites listed in our table above is the anonymity they provide you. If you deposit with Paypal then your bank statement only shows money in and out of Paypal, not a gambling operator. This is more important than you think as whenever you apply for credit, even if you’re only spending £20 a week, it’ll still flag up on many banks reports.
Phishing Emails
Paypal have a policy of never asking for account information or passwords via email so you know as soon as something lands in your inbox trying to get your details it’s a scam. If you want to report phishing just forward any email to spoof@paypal.com. They’ll let you know straight away if it’s fraudulent or not. Be on high alert for emails from PayPal as impersonating the company is right at the top of the list for many scammers.
About PayPal
PayPal is a worldwide e-commerce institution, which allows you to make online money transfers quickly and securely between your PayPal account and the accounts of thousands of merchants and banks worldwide.
The company operates by storing money drawn from your checking account, and then allowing you to send the money via online transfer to the merchant of your choosing. Payments are processed quickly, and PayPal saves you the risk of providing your financial details directly to the merchant.
How Does PayPal Work?
PayPal For Online Betting
For any readers in North America, please note that PayPal will not process payments to any gambling sites for North American customers. The only way to deposit in a account from a North American PayPal account is by first transferring your money to a third-party, such as another e-wallet.
However, for users in the UK and Europe, PayPal offer a fast, safe, and convenient way to deposit and bet online as well as a quick and easy way to withdraw your winnings.
Company History
PayPal dates to the late 1990’s and early 2000’s. Although not originally an online payment system, it slowly merged into that as the need and desire for such as system become increasingly evident.
In particular, the popularity of online auction site Ebay.com propelled PayPal into the national spotlight. Although Ebay had its own payment system, the PayPal system was more flexible, as it allowed users to move their money around more freely. As such, PayPal become the online payment option of choice for a variety of websites, Ebay included.
In 2002 it was purchased by Ebay and has been used as the official payment option for all auctions on that site. However, it has also continued to operate as an independent business, and offers customers a convenient and secure method of processing payments online to a wide variety of merchants worldwide. As such, it is an ideal option for making deposits to, and withdrawals from, online bookmakers and since PayPal started to appear the method has grown quickly in popularity to the point where some punters will only use PayPal friendly sites.
FAQ
Bovada Checks Not Accepted
There are two places where you could potential incur fees making a deposit using PayPal; either from the betting site, or from PayPal itself.
Can You Use Paypal On Bovada
Fortunately, the former have eliminated processing fees so no betting site will charge you anything for using PayPal.
On the other end, PayPal does charge a wide variety of fees for performing different types of transactions. The fees you incur depend on the type of transaction, the type of account you hold with them, the type of payment option utilised, among other factors.
Deposits are always processed instantly and withdrawals are often instant as well – some withdrawals can take up to 24 hours to process but it’s rare that they don’t go through straight away.
Does Bovada Use Paypal
Some bookmakers will and some bookmakers won’t give you a deposit bonus if you make your first deposit using PayPal. There’s nothing stopping you using an alternative method for the first ever deposit and using PayPal for everything thereafter.
Bovada Free Money Codes
The only other two deposit options similar to PayPal are Neteller and Skrill. Both offer a similar e-wallet style service to PayPal but be careful as fee’s can be slightly higher.
We consider PayPal to be one of the safest deposit options available to online punters. They employ all the expected security protocols for online transactions and provide an account monitoring service to ensure you haven’t been hacked or scammed.