Paypal fees

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  • crispyman
    SBR Rookie
    • 07-31-11
    • 16

    #1
    Paypal fees
    What are the fees to use this as a deposit method?

    From what I can see it's the only remaining way to deposit to 365 that won't pass through my bank account, now that they've closed off Neteller and Skrill.
  • Optional
    Administrator
    • 06-10-10
    • 60633

    #2
    Not surprised they would ditch Skrill.

    Got this by email from them today;

    • From 15th January 2020, the fee for uploading funds to your Skrill Account will be 2.5% for all payment methods.
    • We have also revised the fee structure for the Skrill Cryptocurrency Service so that you will pay a flat fee for transactions of less than EUR 100
    • From 15th January 2020, the fee for domestic Skrill Money Transfer transactions will be 2%.
    • All Skrill Money Transfer transactions will also be subject to a currency conversion fee of 3.99%.



    How do you fund/defund Paypal without going through a bank account btw?
    .
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    • crispyman
      SBR Rookie
      • 07-31-11
      • 16

      #3
      Originally posted by Optional
      How do you fund/defund Paypal without going through a bank account btw?
      I imagine to give a friend cash, he puts it through his bank account to his PayPal to my PayPal and into the book from there.

      Does anyone know about what fees using this would incorporate?
      Comment
      • lonnie55
        SBR MVP
        • 04-08-16
        • 2689

        #4
        Originally posted by crispyman
        now that they've closed off Neteller and Skrill.
        They did? Where are you from?
        Comment
        • NBAtanker
          SBR Sharp
          • 11-09-19
          • 288

          #5
          Originally posted by lonnie55
          They did? Where are you from?
          They didn’t in Europe my options are still available, I’m in Ireland and it has 17 deposit methods so he must be NJ ?
          Comment
          • pologq
            SBR Posting Legend
            • 10-07-12
            • 19899

            #6
            i pay no fee to use paypal to deposit to books as long as i use my bank account. if i use my credit card hooked to my account, i pay a small fee that paypal charges me.

            i am yet to see a quality book though that accepts paypal and accepts US players. only lower rated books accepted my paypal deposits.
            Comment
            • crispyman
              SBR Rookie
              • 07-31-11
              • 16

              #7
              Originally posted by pologq
              i pay no fee to use paypal to deposit to books as long as i use my bank account. if i use my credit card hooked to my account, i pay a small fee that paypal charges me.

              i am yet to see a quality book though that accepts paypal and accepts US players. only lower rated books accepted my paypal deposits.
              Thanks - what about fees when withdrawing from the book and back into your bank account?

              Originally posted by NBAtanker
              They didn’t in Europe my options are still available, I’m in Ireland and it has 17 deposit methods so he must be NJ ?
              Bet365 stopped accepting deposits from Neteller and Skril for Irish and UK customers.
              Comment
              • ichiro4thehall
                SBR High Roller
                • 12-02-09
                • 241

                #8
                Crispy

                As you are in UK Paysafe can be quite good when you get used to it. Lots of shops in UK have paypoint machines where you can buy paysafe vouchers with cash or your bank card. It will just show up as a purchase from the shop on your bank statement. The max you can do in one transaction is 175 pounds which is a problem. But if you live in a city, there will be prob 10 or so shops selling paysafe vouchers within a mile or so.

                A warning if you use Paysafe, do not get the linked account with PIN. There are many bad experiences out there of people having funds seized when they use their vouchers to put them in a linked pot. However, there is no single example of Paysafe voiding a single voucher where you use the 16 digit number yourself.

                Also, it's super easy to open a second bank account in the UK if you don't want betting transactions showing up in your main bank account for some reason like you want to get a mortgage etc. from that bank in future.

                paypal best option though, for sure.
                Comment
                • JayLA
                  SBR Hall of Famer
                  • 09-11-12
                  • 7806

                  #9
                  PayPal, b365...how?!
                  Comment
                  • pologq
                    SBR Posting Legend
                    • 10-07-12
                    • 19899

                    #10
                    [QUOTE=crispyman;29045185]Thanks - what about fees when withdrawing from the book and back into your bank account?

                    I paid no fee to receive the money into my paypal wallet and when i withdraw to my bank from paypal I pay no fees. Not sure if the book paid any fee on their end but not my concern. It was not a big withdrawal though.
                    Comment
                    • acquavallo
                      SBR Sharp
                      • 03-16-18
                      • 350

                      #11
                      PayPal is very useful. The free transfers take 2-3 days. They also have immediate, even to any debit card, for 1% capped at max $10 fee...takes seconds.
                      Throw them a bone by using PayPal checkout / PP debit card / PP credit card / PP instant purchase credit. The PP app sends periodic free money to use for food or retail.
                      Win - win and convenient.
                      Comment
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