Keeping abreast with this ever-increasing competition in the New Jersey sports betting market, PayPal has arrived to confirm that for DraftKings Sportsbook.
The Arrival Of Paypal
Only limited options were available in New Jersey whilst the clientele was eager to bet with legitimate operating sportsbooks that period. Also, on the other hand, DraftKings had their fair share of difficulties when it came down to depositing options, regardless of their early presence in the market.
For instance, Visa, Mastercard, and bank transfer were your main options. Alternatively, your linked daily fantasy sports account enables you to transfer once your qualification is earned by playing through the money initially deposited. If that became the usual outcome, having limited payment options still wouldn’t be a hurdle.
Currently, having five functioning in full effect, New Jersey is flooding with more sportsbook apps compelling loads on the way. Also accompanied along with alternative depositing methods and by ones simultaneously launched along with PayPal.
The Disadvantages Of Being Paypal-Less
Limited payment methods become normally a challenging factor for new apps and still at it’s developing stages in the world of online casino. Although its viability in New Jersey, online gambling suffers continuously with banks applying red tape on any transactions.
Inevitably, this had led to the hindrance of DraftKings customers’ pleasure in participating, causing irritation when it comes to making online transactions.
Meanwhile one of DraftKings’ competitors, FanDuel’s, provided an FAQ section on its site with a comprehensive outline here to save lives.
While most banks are bet-friendly, here’s a list of ones declining transactions with online betting companies:
- Bank of America
- Capital One
- Wells Fargo
- TD Bank
- Union Bank
- Huntington Bank
- Most prepaid cards
No exceptions are given to giant banks issuing credit cards.
No Permanence Guaranteed For First-Landers
DraftKings commitment towards the frontline of offering online sports betting ahead of everyone didn’t guarantee them a leading position permanently.
Including PayPal as a payment option was highly-necessary for them if they were in it to strive in the business, especially against FanDuel, Caesars online casino and SugarHouse Sportsbook already applying it.
Consequently, synergy is created to level the turf. As we await for the first online sports betting revenue and assemble this week’s numbers in New Jersey, the climate still has places to go and let the competitors weather the storm before getting judged on September results, when DraftKings operations are eventually in place to face other challengers.