Betway Payment Options: Navigating PayPal for UAE Users

Making money from sports betting at Betway is a great thing. But before you can have your winnings paid out, you have to deposit money for the first time. But you can use a variety of deposit methods. We looked at the pros and cons of the different sports betting payment methods and compared Betway’s performance in terms of deposit types. You can also read in this article whether there are still sports betting with direct debit or on account, which providers offer sports betting with bank transfer and what you need to look out for with Bitcoin sports betting.

The Most Popular Payment Methods at Betway in Check

1. PayPal
2. Bank Transfer
3. Paysafecard
4. Credit cards

Each payment method at Betway has different advantages and disadvantages for UAE punters. Personal preferences and your financial framework also have something to do with choosing the best payment method. Because if you only occasionally want to transfer some money on the Internet, you might not need your e-wallet for it. On the other hand, if you want to use the payment method to the full, you can’t go wrong with a dedicated online parking space for your money.

However, one should pay attention to the fee structure and the transaction fees associated with the method. Because sometimes you can save quite a bit by switching to another financial service provider. Now let’s look at the different payment methods in detail.

1) PayPal – Does Betway Accept PayPal?

PayPal is one of the largest payment service providers on the Internet. The company enjoys a very good reputation and offers secure payment functions on the Internet. With 2-factor authorization, PayPal payments are now even better protected. Despite this, the process is quick and convenient.

If you’re asking “Does Betway Accept PayPal?” yes, you can use PayPal for sports betting at Betway, you can deposit and withdraw it in various ways. The money deposited via PayPal can, for example, either be debited directly from the bank account or come from a stored credit card. You can also deposit money with PayPal by bank transfer and then use this credit on the Internet.

If you connect your checking account to PayPal, you have the option of paying for sports bets by direct debit. With the PayPal app on your smartphone, you always have a good overview of your account balance and all payments.

Payment Method PayPal
Advantages	Safe, fast and serious
Cons	Expensive exchange fees and transaction fees
Application	Either deposit credit or link PayPal to the bank account or credit card.
Credit function	Yes, with PayPal you can deposit money and leave it there.
Sports betting availability	Medium. Good bookmakers (like Betway) accept PayPal but by no means all.
Costs and fees	Fees may apply to withdrawals. Above all, changing between different currencies is not particularly cheap due to the exchange rates.
Important instructions	PayPal can also be used to send money to friends or acquaintances.
Does Betway Accept PayPal?	Yes

2) Bank transfers – Takes Several Days!

If you don’t have an e-wallet, you can use a normal bank transfer. And those who want to save the fees of many payment methods could also be interested in a betting provider with a bank transfer.

Do you feel addressed by paying by IBAN and BIC? Then we have good news for you: Yes, it is still possible to pay for sports bets by bank transfer. Because some bookmakers, like Betway, allow you to fill your betting account by bank or SEPA transfer.

Unfortunately, for most of us, there is a big catch. Namely the long processing time. Because although an SMS or an e-mail reaches the addressee in a matter of seconds, our dear banks still take a lot of time with the transfers.

Domestic transfers should therefore be booked on the next bank working day at the latest. However, transfers to other EU countries often still require three bank working days. That’s quite a long time to wait for your wire transfer sports bet. However, a bank transfer is still a good choice for paying out winnings.

Bank Transfer
Advantages	You save the transaction costs of e-wallets
Cons	You sometimes have to wait up to three bank working days for your bank transfer.
Application	Simply log into your own online banking or transfer money from your current account at your house bank using a payment slip.
Credit function	Yes, your bank may even pay you interest.
Sports betting availability	Yes, bank transfers are usually only used for paying out winnings in sports betting.
Costs and fees	This depends on the conditions of your bank account and your house bank.
Important instructions	Transfer services such as Sofort, Trustly or PayPal are faster and you can have the money for the sports bets debited from your account by direct debit.

4) Paysafecard – Bet and win with cash on the Internet!

Attention cash fans! You can still buy the good old Paysafecard anonymously with cash. Because Paysafecard vouchers are available from thousands of sales partners.

Whether in the flower shop, at the newspaper kiosk, in the gas station or at the cash register of the Penny market: If you get a Paysafe voucher, you can digitize cash anytime and anywhere and use it for sports betting.

⭐ Good to know: In UAE, it is still possible to use anonymous payment methods. For example, there are thousands of voucher shops where you can buy Paysafe cards anonymously. A 16-digit code is printed on each of these. Anyone who has this code can use it to pay cash on the Internet. However, the codes can also be managed centrally on the mobile phone via the Paysafe app. You can also buy the Paysafecard online.

Bank Transfer
Advantages	Anonymous payment method turns cash into online credit.
Cons	Lower limits than other methods. No withdrawals via Paysafecard. No protection against theft (everyone who has the 16-digit code can use the credit online).
Application	Simply buy Paysafecard on-site and pay cash for online sports betting.
Credit function	Yes, also via the optional Paysafe app.
Sports betting availability	Very good.
Costs and fees	Yes, small transaction fees may apply.

Important NOTE Even if the Paysafe card is an anonymous payment method, you cannot remain completely anonymous with Betway’s transactions. Register with Betway only with your real name and honest data. Otherwise, there will be difficulties with data verification before the winnings are paid out.

5) Credit cards – The Classics For All People With Good Credit

What would you like: Visa, Mastercard or American Express? If you have enough money, you will also be offered many credit cards. Because the wealthy clientele is the main target group of the sometimes prestigious plastic cards.

Some cards offer many features, such as the opportunity to collect airline miles or get other rewards. Finally, high card sales promise the card-issuing institutes high commissions.

This is also due to the fact that there are also credit cards with a debit function, where all expenses are immediately debited from the account. These include the Maestro card and Visa Electron.

Credit cards are less interesting for people with poor credit ratings. Even those who are still studying and do not yet have a regular income are not always offered a real credit card. Because real credit cards only debit the expenses once a month from the account, which is why they are short-term loans.

Credit Card
Advantages	Fast and relatively safe, there is often an opportunity to earn airline miles or awards, and it is widely accepted.
Cons	Only available with a good credit rating, the monthly payment might make it easier to lose track.
Application	Enter the credit card number, expiry date, name and the three check digits on the back. This is often followed by a short security code query via SMS (Verified by Visa or Mastercard SecureCode).
Credit function	No, usually not.
Sports betting availability	Excellent.
Costs and fees	Yes, e.g. annual fees may apply.

Conclusion

UAE customers of Betway should better not park their money on totally exotic e-wallets because if the company goes bankrupt, you could otherwise get nothing. That is why European regulation is important. When opening a new account, make sure it is legal. With the large and well-known payment methods (e.g. Paysafe, PayPal, Klarna & Co.) there is less to fear than with small and unknown prepaid systems without regulation.

FAQs About Betway Payment Methods