Paddy Power Now Accept Cash Deposits Via PayPoint
One of the benefits of betting with online betting sites with a high street presence is they offer you the ability to deposit and withdraw via their shops, in cash if you wish.
This has been going on for quite a few years now and all the main high street bookmakers offer their customers card schemes, that allows them to link their physical betting in shops with an online betting account. As well as giving users the options to fund an account online in cash it also provides linked rewards.
Now this is all well and good if you can access a betting shop easily but not so convenient for those that can’t. Another popular option therefore for those that want to bet in cash online is to use a PaySafeCard, these can be purchased in shops with a PayPoint symbol and provide a voucher code that corresponds to that amount. You can then use a PaySafeCard voucher code to deposit to online betting sites that accept it.
PaySafeCards are really useful to a lot of bettors but they come with their own issues. Often deposit amounts are more limitted and most will not let you withdraw using this method, meaning you still need a bank account linked to an online account.
Paddy Power have had a linked card scheme for years but they have now gone one better by amalgamating the facility of in-shop betting cards with the ability to top them up via PayPoint, not just in betting shops. This effectively gives the customer the flexibility of a PaySafeCard combined with the abilty to withdraw and deposit in shops. It is also more secure as with a PaySafeCard cash voucher if you lose it it is not easy to get that money back.
How Do PayPoint Deposits Work?
Effectively any shop that displayed the PayPoint symbol (shown here) can now be used to top up your online Paddy Power account providing your PP card (Cash Card or Play Card) is linked to your online account already. If not it is simple to do so through a shop or on their site.
PayPoint is used for all sorts of things, such as paying utility and other bills, and offers an alterative funding system for those that either do not have a bank account or do not want to use a bank account.
Once you have topped up your Paddy Power account via PayPoint the money should appear in your account in minutes, the minimum deposit is £10 and the maximum is £399, per transaction, or £2,500 per day.
Cash withdrawals are not available via PayPoint but you can still use a shop if you wish to withdraw in cash. Other things to note: credit cards cannot be used, only sterling (GBP) transactions, Paddy Power reserves the right to refuse a Play Card, accounts may be suspended if if customers attempt to deposit and then immediately withdraw cash (this is an anti-money laundering restriction), PayPoint deposits cannot be reversed.
Who Is This Useful For?
Of course, as we have already mentioned this is most useful for those people that want to use a Paddy Power account online but want to be able to deposit in cash. While the facility to deposit in cash through shops has exisited for a while this offers far more convience to users as there are 100x more shops with PayPoint that there are Paddy Power shops.
It is also interesting that this has been brought in in 2021 given many shops were closed for large parts of 2020 and early 2021 meaning those that rely on shops for cash transactions were prevented from doing so.
It is not just those that need to bet in cash that this can benefit, though. By using cash and depositing via PayPoint or in shops it allows some people to keep track of what they are spending on gambling more accurately, compared to deposits from bank accounts. We know that handing over cash makes people think more about the value of what they are getting vs making payments through a bank.
To find out more about PayPoint deposits or to find out about how to join the Paddy Power card scheme and link it to your online account visit Paddy Power below. If you do not already have a Paddy Power account you can claim a welcome offer too (18+ T&C’s Apply), which you can read about in our Paddy Power review.