Just like finding the best cricket odds, we understand that looking for the perfect payment method can be tricky and time-consuming. Thankfully, we have many online guides for the most popular payment types, and in this article, we’ll focus on PayPal. From speed to safety to fees, here’s what Indian players should consider with PayPal for cricket betting.
At the time of writing, the operators available on our site do not accept Paypal. This is because PayPal doesn't currently support local transactions or transfers in India, so businesses cannot receive payments in INR. (source: Paypal policy updates).
But below you'll find our list of our top 10 bookmakers that offer the widest choice of payment methods to players in India.
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Stake Daily Race
₹83 Lakhs* worth of prizesIf you’ve had any experience with online betting, then using PayPal for betting sites is certainly one of the payment methods you’ll have heard of by now. Since 1998, PayPal has been a popular digital wallet (or e-wallet) that allows you to receive and send money online.
It can be used to buy goods, transfer money to friends, and of course, for cricket betting. Rather than sharing any bank account or card information to a betting website, you can link your payment details with PayPal and it will act as a middleman of sorts.
This means you have better privacy, speed, and a payment type that is accepted at practically every major cricket betting platform.
Although a global brand, there are both advantages and disadvantages of using this payment method.
PayPal has top-level security processes and does a great job of keeping financial and personal data safe. Aside from fraud detection systems that monitor any suspicious activities on your account, there’s also advanced SSL 128-bit data encryption and the possibility to add 2FA (two-factor authentication) to ensure that only transactions you know about are finalised.
Punters are quickly becoming a big fan of PayPal for cricket betting due to the affordability. For one, you won’t need to pay a fee to set up an account, nor will you need to pay anything if your account has been inactive for some time.
As for deposits to a betting account, it’s extremely rare to have to pay for this using PayPal, and any site that does charge can be avoided for a better platform. Likewise for withdrawals, you shouldn’t have to pay a fee to take out money from the betting site to your PayPal account. A few betting sites can charge a small fee, but this will be listed in their T&Cs.
As well, it’s worth mentioning that if you want to top up your PayPal account using a credit or debit card, then you’ll encounter a 2.9% transaction fee. As well, there is often a withdrawal limit to PayPal account, but only if you’re transferring large amounts.
It’s hard to beat PayPal for betting sites when it comes to the quickness of the transactions. Deposits are usually instantaneous, meaning you won’t have to wait long if you want to make a spontaneous bet. Withdrawals might take a bit longer, but 1-2 hours is common and it’s extremely unusual to wait an entire day to see the funds in your PayPal account.
Keep in mind that PayPal will be linked to your bank account or even a credit/debit card, so while details are still private to the betting account, it’s not completely anonymous. Knowing that your bank or card information is hidden from the betting platform is a major advantage, but if complete anonymity is vital, then choose prepaid cards or crypto.
If you’re looking for a reliable, secure, quick, and simple e-wallet, then it’s hard to ignore PayPal for cricket betting. While you might need to watch for currency conversion fees and it’s not as anonymous as other payment types, PayPal is still a widely accepted option and is a fantastic way to fund your online betting.
Yes, it has top-level encryption, fraud prevention systems, and 2FA to keep users secure.
Yes, creating a PayPal account doesn’t take long and there are no fees to set one up or for being inactive.
Yes, there's an app for mobiles on Android and iOS.
No, you can simply link your bank details to a PayPal account.
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