PayPal Betting Sites in South Africa 2023
In South Africa, a dilemma arises. Legal betting sites face a restriction: no PayPal payments allowed. This article, crafted by Match.Center experts, unravels the reasons behind this and explores available alternatives. Stay with us to uncover the story and arm yourself with useful knowledge.
Frankly, even if PayPal were allowed, we would not recommend using it due to the extremely high fees charged for most transactions. The best bookmakers in South Africa accept other payment systems, and almost always without a fee for depositing. We suggest checking out the list of these bookmakers to choose a suitable and convenient payment option AND a good betting service.
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The bonus is credited as a free bet. The maximum bonus amout is R1000. In order to qualify for the bonus offer, new customers must make a deposit and place sports bets equal to 3x the value of their first deposit at odds of 3.0 or greater. Customers receive winnings minus the initial stake.
The bonus is 100% of the first deposit, but not more than R1000. The minimum amount of the first deposit is R50. You must verify your email before the participation. The bonus is for new customers only and is valid for Sports and Bet Vegas betting only. System bets, pulse bets, bet builders and bet boosts will not count towards wagering requirements.
The company offers users to double their rewards, with a first deposit match bonus of 100% up to R1,000. To get this sports bonus, customers need to wager six times at minimum odds of 0.70 (7/10), and the bonus amount excludes the 1 x turnover requirement of the deposited funds.
The bonus is given when one of the selection in your accumulator loses. The minimum stake is R100. A losing accumulator must consists minimum of 10 selections or more where losing selections must have odds of 7/10 (1.70) or greater. The offer is valid for pre-match bets only. The minimum bet amount is R50. The maximum bonus amount is R500. The bonus is given as free bets.
Why Betting Sites Do Not Accept PayPal in South Africa
In countries where betting is not legalized, PayPal is not offered as a deposit option. However, South Africa has legalized betting, and there are over 30 legitimate betting sites which can be reviewed at Match.Center. Considering that betting is legal, it might seem strange that PayPal is not available for funding. The reason is very simple.
PayPal and South African Betting Laws
Despite PayPal's internal policies, it is essential to note that the company strictly adheres to the legislation of specific jurisdictions. In South Africa, authorities have prohibited the use of PayPal for depositing funds into betting companies' accounts. Consequently, this restriction prevents betting enthusiasts from utilizing PayPal for their online betting needs in South Africa, even though betting is legal in the country. It is worth mentioning that PayPal follows similar legal compliance in other jurisdictions as well.
For instance, in the United Kingdom, it is prohibited to fund a betting account using a credit card. Therefore, UK users must link a debit card to their PayPal account if they wish to use this method for depositing funds on online betting sites or casinos. If a credit card is linked to a PayPal account, the option to deposit funds for gambling purposes will be blocked.
This example further demonstrates PayPal's commitment to adhering to the regulations of specific jurisdictions, ensuring legal compliance across various countries.
PayPal is a widely recognized online payment platform that allows users to send and receive money across the globe. With millions of customers and businesses worldwide, it has become an essential tool for online transactions. Despite its global reach, however, using PayPal for betting purposes remains restricted in South Africa.
How to Create a PayPal Account?
Since 2010, PayPal has been collaborating with FNB, South Africa's largest bank, to provide a convenient way for South Africans to withdraw their PayPal funds into a South African bank account, supporting their participation in the global market.
Creating a PayPal account is simple. Open a PayPal account and register for an FNB Online Banking profile. Once complete, you can withdraw money to any South African bank account. Additionally, you can top-up your PayPal account using your FNB bank account, allowing you to shop worldwide.
How to Fund a PayPal Account in South Africa?
To fund your PayPal account, follow these steps:
Please note that, although you can fund your PayPal account in South Africa, using it to deposit money on betting sites is prohibited.
How to Withdraw Money from a PayPal Account in South Africa?
Withdrawing money from your PayPal account in South Africa involves cooperation with FNB. To withdraw funds, follow these steps:
Alternative Payment Options Instead of PayPal
In this section, we will discuss alternative payment options for South African bettors who cannot use PayPal for funding their betting accounts. We will emphasize the convenience, lower fees, and the availability of these alternatives.
Advantages of Avoiding PayPal for Betting
Using alternative payment methods like EcoVoucher is advantageous, especially considering the high fees associated with PayPal, which can exceed 8%. By opting for alternatives, bettors can save on commissions and enjoy a more cost-effective betting experience.
EcoVoucher is a popular alternative to PayPal for funding betting accounts. Although PayPal cannot be used directly, bettors can purchase EcoPayz vouchers (also known as EcoVouchers) from various South African online retailers. Options start as low as R150/$10. After obtaining a voucher, go to the casino, select EcoVoucher, and provide the 18-digit code on the voucher to complete the deposit and activate the welcome bonus.
Direct Bank Transfers
Many South African betting sites offer the option to fund accounts via direct bank transfers to specific bank accounts. This option is available with betting sites such as Gbets and Betway. Direct bank transfers are convenient, commission-free, and a great choice for bettors who already have FNB accounts, which is likely if they are considering using PayPal.
By exploring these alternative payment methods, South African bettors can find efficient and affordable ways to fund their betting accounts without relying on PayPal.
Frequently Asked Questions
In South Africa, legal betting sites do not accept PayPal due to local regulations and PayPal's internal policies. However, alternative payment options such as EcoVoucher and direct bank transfers are available for bettors to fund their accounts with no or very little commission.
Yes, you can buy an EcoVoucher, and in many retail outlets, it is possible to pay for it using PayPal. Once you have the EcoVoucher, you can use it to fund your betting account.
In South Africa, betting apps do not support PayPal for depositing and withdrawing funds due to local restrictions. Bettors should consider other payment methods like EcoVoucher.
Contrary to what you might find on unreliable internet sites, Hollywoodbets does not accept PayPal for deposits or withdrawals in South Africa. Instead, bettors can use alternative payment options such as:
Betway does not accept PayPal for deposits or withdrawals in South Africa. However, bettors can use other payment methods like direct bank transfers with major SA banks or EcoVoucher to fund their Betway accounts.