PayMaya has become one of the most used online payment solutions among FIlipions, both among those actively buying goods online and online bettors and gamblers. Especially the latter group of PayMaya users has grown exponentially, and it's easy to see why.
This article will take a closer look at PayMaya as a payment solution for online bettors and touch on 3 key points:
- How does online betting with PayMaya work?
- Which are the best PayMaya betting sites in 2023?
- What are the best PayMaya alternatives?
List of the Best PayMaya Bookies
PayMaya has, over the last half a decade, become one of the most used digital payment methods in the Philippines, especially among online bettors. So it's not shocking to learn that all sportsbooks which accept Filipino punters also accept a PayMaya deposit.
And since dozens of sportsbooks operate in the Philippines, it's fair to say that those who bet using PayMaya have more than enough options when deciding which gambling site to sign up with.
Still, while options for sportsbooks that accept PayMaya are many, it's important to know how to find the best one.
How We Rate PayMaya Betting Sites
|Security||When looking for top PayMaya bookmakers, it's important to check if the website is safe. The best and easiest way to do so is to ensure that reliable companies own the sportsbooks and hold a valid betting license. It will be shown in the website's footer with a license number and a logo of the licensing authority.|
|Reputation||Just as important as security is a bookmaker's reputation. Some PayMaya betting websites will be legal and licensed, but they will have a bad reputation – and there's always a reason for that. Either they have poor minimum deposit limits, slow withdrawal time, or there can be any other factor that made people dislike using sportsbooks, and they'll usually share their experience in online reviews.|
|Good Odds||We can't talk about the best betting sites that take PayMaya without focusing on sportsbooks with good odds. Competitive prices are essential for an enjoyable betting experience, so we should only use PayMaya bookies with good odds.|
|Market Coverage||Market coverage is, besides quality odds, a good indication of whether the PayMaya sports betting sites are a good option. We must only use sportsbooks with enough betting markets to bet on any sport or league we want.|
|Customer Support||Good customer support is essential for all decent betting sites. Although support is often overlooked, it's highly advantageous to only bet with PayMaya on bookmakers with a good customer support department, as this is the only way to ensure that any issues we come across while using the sportsbook will be resolved quickly and efficiently.|
|Live Betting & Live Streaming||All great betting sites in 2023 should have both live betting markets and live streaming options. It is mandatory for all modern sportsbooks, and not only is it mandatory for those who like to live bet, but it's also a good indication that the betting site has the necessary features for a good betting experience.|
Make a PayMaya Deposit and Claim Your Bonus
Betting bonuses and promotions are nowadays available on all sportsbooks, from the best GCash betting sites to top PayMaya bookmakers, even crypto sportsbooks. The only real difference is the number of bonuses and promotions the sportsbooks offer and how good the offers are.
Typically, bookmakers put a lot more effort into giving out the best welcome bonuses – or joining bonuses – since those are intended to attract new bettors to the platform. But while welcome bonuses are the best, they also have varying rules.
The same applies to the other most common deposit bonus – reload bonus. Unlike the joining bonus, the reload bonus is offered to existing users, but it acts the same way – punters are rewarded with bonus betting money for making a deposit.
Those who bet with PayMaya won't be deprived of deposit bonuses. However, finding the best sports betting sites that accept PayMaya with the most generous bonuses is still important since the offer will vary drastically between PayMaya bookies.
The welcome bonus (or joining bonus) is the most common offer bettors will find in any sportsbook. As the name suggests, it is a promotion for new users, and its main intention is to attract new bettors to the platform. However, it's also one of the most generous bonuses available.
The welcome bonus will typically come as a matched deposit bonus, where the PayMaya sports betting sites match your first deposit up to a certain amount. By making a $100 deposit and using a 100% matched deposit welcome bonus, a punter will turn his first deposit from $100 to $200.
Reload bonus is very similar to the welcome bonus and works similarly. The only exception is that it's not offered to new users but to already-existing betting site customers. Besides, it's the same concept – bookmakers give punters free money to bet relative to the amount they deposit.
The same rules apply – only selected deposit methods will work, and there will be a rollover requirement before you can request a withdrawal of the bonus cash. It's important to note that the reload bonuses can be offered several times throughout the year, but how frequently they will depend entirely on which PayMaya betting sites we use.
The cashback bonus is a special promotion often found on the best PayMaya betting sites. It's typically offered as a part of a bigger promotion during important parts of a sports season or big events and usually only on accumulators.
With a cashback promotion tied to an accumulator bet, a bookmaker will offer to give you back a portion of your stake if your parlay misses by X legs. For example, a cashback offer could be offered to those who place a six-leg accumulator but miss it by one or two legs.
No Deposit Bonus
No deposit bonuses are a group of bonuses that have nothing to do with the bettor making a deposit, and there are many of them. The most common no-deposit bonus is a free bet bonus (or free spins in a casino) that bookmakers give to their customers randomly throughout the year.
Another very common no-deposit bonus is the enhanced odds offer, which, as the name suggests, improves the betting odds on selected games or leagues. Although not as common, these are regularly offered on the best betting sites that use PayMaya.
How to Use PayMaya for Betting
Using PayMaya for sports betting is very straightforward as it's one of the simplest deposit methods. Deposits are simple to execute, don't take longer than a couple of minutes, and are processed instantly.
The only thing those who bet with PayMaya should be careful of is to use the best sportsbooks that accept PayMaya. Since so many bookmakers will take PayMaya deposits, it's easy to stumble upon one that isn't as great. However, if you've read this article, you already know the top PayMaya bookmakers and where to find them.
What Is PayMaya
PayMaya is a very popular mobile digital payment method in the Philippines and one of the most used payment solutions among Filipino bettors and gamblers. It works like any other e-wallet through a mobile app, offering fast and secure payments to any Filipino online casino or betting site.
PayMaya cards also allow withdrawals and have no additional withdrawal fee, which is one of the biggest reasons why it's so popular. The sheer popularity of PayMaya has also led to a huge boom of new PayMaya betting websites, which explains why in 2023, nearly all bookmakers in the Philippines accept PayMaya as a payment option.
Making Deposits with PayMaya
Depositing with PayMaya on any PayMaya betting site is straightforward. It's important to note that bettors will be asked to provide all details with the first deposit, but the process will be much more streamlined after PayMaya betting sites save your details for future deposits.
- Set up your PayMaya account and add funds to it
- Sing up and log in to any PayMaya sports betting sites
- Navigate to the banking tab and select “deposits”
- Pick PayMaya as your preferred payment method
- Input the desired amount you want to fund your betting account with
- Provide your PayMaya account name and transaction ID
- Complete the transaction
It's important to note that most PayMaya deposits are processed instantly; however, with most PayMaya sports betting sites, they take 5-10 minutes to appear in your betting account. It's also fair to mention that PayMaya users must first fund their PayMaya account before making PayMaya deposits, and they can do so through 3 different methods.
|Option 1 – PayMaya Partner||In PayMaya, select “add money” and pick between one of many companies that partnered with PayMaya.|
|Option 2 – Self Service Kiosks||In the app, choose “add money,” pick between the deposit options, and enter the code and the amount at the self-service kiosk. The available options include TouchPay, Pay&Go, and eTap.|
|Option 3 – Debit or Credit Card||It's also possible to fund your PayMaya account with a credit/debit card simply by choosing that option in the app. Enter the card details, and complete the deposit with a one-time passcode sent to your phone.|
Requesting Withdrawals with PayMaya
PayMaya is not only a method to fund your betting account but can also be used to withdraw your winnings. It is one of the biggest advantages of using PayMaya compared to other payment methods. Still, it's typically synonymous with all E-wallets and a familiar feature for those who place Skrill bets or prefer betting with Neteller.
To request a withdrawal with PayMaya, follow these four simple steps:
- Login to the Sportsbook
- Navigate to the banking tab
- Select withdrawal and choose PayMaya as your preferred payment method
- Input the desired amount and complete the transaction
Because PayMaya is an E-wallet, most withdrawals are processed quickly and usually arrive in your account within minutes. On some PayMaya betting websites, the wait time is longer, but never longer than 24 hours. Likewise, some bookmakers will have a withdrawal limit but rarely will any bettor come across any withdrawal fee.
Fees and Limits
PayMaya charges transaction fees, which fall on the sportsbook where you deposit or request a withdrawal. However, like any E-wallet, PayMaya will charge fees for sending money to other accounts but not for all.
As for limits, PayMaya does not have any limit on how much money you can transfer, but technically it does. A PayMaya account can hold up to 50,000 PHP once, whereas an upgraded account can receive up to 100,000 PHP monthly.
Countries Where PayMaya Can Be Used for Sports Betting
PayMaya is a Filipino E-wallet mostly used in the Philippines; however, it can be used anywhere in the world, on any online store that accepts credit and debit cards.
At retail stores, PayMaya can also be used anywhere that accepts Visa, making it a viable payment solution for anyone.
Accepted Currencies for PayMaya
PayMaya accepts payments only in the Philippine Pesos (PHP); however, it has recently started accepting crypto.
As of 2023, PayMaya can hold eight cryptocurrencies, including Cardano (ADA), Solana (SOL), Quant (QNT), Polkadot (DOT), Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), and Tether (USDT), with more expected to be added soon.
PayMaya Betting Apps
PayMaya can also be used to make deposits on mobile betting apps, but that's hardly something new. All the best betting sites that take PayMaya will also have a mobile betting app with the same features as the desktop website.
That includes coverage of all markets, live betting, live streaming, and an option to make deposits and request withdrawals. And since PayMaya transactions have to be done with a phone, making PayMaya deposits through a mobile app can be convenient.
Besides the convenience of using PayMaya for deposits and withdrawals, betting apps are also very useful for those who want to bet on the go. Moreover, some betting sites that take PayMaya run special promotions and bonuses for mobile app users, which is another reason why anyone who wants to bet with PayMaya should consider signing up with a sportsbook that has a mobile app available.
PayMaya Alternatives for Betting Online
PayMaya has all the features of a great payment solution. However, it might not be available for some, while others will want to know about good alternatives. Thankfully, there are many solid alternative options for PayMaya, great for both online bettors and those who are simply after a method for paying for online goods.
Skrill and Neteller are The most obvious alternatives, two other highly popular E-wallets. PayPal is another very accessible payment option for those looking for a PayMaya alternative, although it might not be the best option for sports bettors.
Credit or debit cards are universal payment solutions for online purchases and betting.
PayMaya Vs. GCash
GCash is an excellent alternative to PayMaya because it's similar and equally popular in the Philippines. Most PayMaya betting sites also accept GCash, and most of the best GCash betting sites will accept PayMaya, so the 2 can be used interchangeably.
PayMaya Vs. PayPal
PayPal is one of the most obvious alternatives for PayMaya and any other payment option since it's widely available and easy to use. However, unlike other payment methods, as many bookmakers do not accept PayPal, it comes with slightly larger fees, so it's not optional for sports bettors.
PayMaya Vs. Skrill
Skrill is a globally accepted payment method, and very few sportsbooks won't take it as a valid deposit and withdrawal option. It's also a very safe and secure payment solution with very small fees – which continue to decrease the more you use Skrill.
PayMaya Vs. GrabPay
Compared to PayMaya, GrabPay offers more than just payments; however, in finding a method for online deposits, GrabPay is just as useful as PayMaya, and as well-accepted as PayMaya by bookmakers in the Philippines.
PayMaya Vs. Neteller
Like Skrill, Neteller is one of the world's most popular E-wallets with similar features. The two payment options are so similar that you can easily pick between Skrill or Neteller as a PayMaya alternative,
PayMaya Vs. Visa
PayMaya works like VISA, so the two options are very similar in what they offer to those who use them to make online deposits. However, unlike PayMaya, VISA does not come with any monthly limits on how much money you can deposit into your account, making it a better option for high rollers.
How to Stay Safe When Betting with PayMaya
PayMaya is a very safe and secure payment method, which plays a big role in why it's so popular and why so many people bet with PayMaya. However, while it has necessary security measures to keep its customers safe, bettors must do their part to keep themselves and their money secure.
New Bookmakers That Accept PayMaya
PayMaya continues to grow in popularity – especially in the Philippines – so it's not too shocking to learn that all new bookmakers in the Philippines also accept PayMaya deposits. It is great news for those who bet with PayMaya, but with new bookmakers. We must be extra careful about which one we sign up with.
With new bookmakers, we have to pay extra attention to whether they're safe and if they have a valid betting license. Even though you'll rarely stumble upon a shady sportsbook, it's impossible to find any information about new betting sites, so it's that more important that we ensure they have a license to operate.
Reputation is another important thing, but not necessarily the sportsbook's reputation. New betting sites don't have any reputation since they've not been around for long enough – however, the companies behind them might. Ensure a reputable company runs the bookmaker you intend to sign up with.
As with any bookmaker, it pays to
check if it has any special rules for deposits and withdrawals. Most PayMaya betting sites won't charge you extra for transactions, but some might – so check its terms and conditions.
Is It Worth Using PayMaya for Betting Online?
PayMaya is an excellent payment method for online punters which explains why so many people from the Philippines bet using PayMaya. However, like any other payment solution, PayMaya comes with both positives and negatives.
How to Set Up a PayMaya Account
Setting up a PayMaya account is very simple, so even if you don't have it yet, it only takes a few minutes to complete the registration, set up an account, and start online betting using PayMaya.
- Visit your phone's app store (Google Play or App Store) and download PayMaya mobile app.
- With the app downloaded, click on “Create an account.”
- Enter the asked details, including full name, phone number, email address, and password.
- Confirm the account via a one-time passcode sent to your email.
- With the passcode, you complete the registration and enable your PayMaya account.
Before we conclude our article on PayMaya, here are some interesting facts about the payment method and betting with PayMaya that you might want to know about.
- PayMaya works in every country and anywhere that accepts visas; however, it's primarily used in the Philippines.
- PayMaya only accepts Philippine pesos, and cryptocurrency, including Tether (USDT), Chainlink (LINK), Uniswap (UNI), Solana (SOL), and Polygon (MATIC).
- PayMaya supports two languages – Filipino and English.
- The best PayMaya alternatives for online betting are Skrill, Neteller, Visa, and GCash.
- The most popular and legal bookmakers that accept PayMaya are 20Bet, MCW, Bet365, and 22Bet.
- You can only have one PayMaya account.
- With PayMaya, you can dispute any transaction by submitting a form.
That concludes our article on PayMaya, where we explained everything you need to know about this highly popular e-wallet and how to use it for sports betting. Now you're ready to find the best PayMaya betting sites and start betting, but remember to gamble responsibly!
Frequently Asked Questions
What is PayMaya?PayMaya is an E-wallet offering various financial services and a mobile app. It can be used to buy online goods and make deposits on online betting sites.
How does PayMaya work?PayMaya works like any other e-wallet and is similar to GCash in terms of what it offers. With PayMaya, users can pay for online goods or deposit bookmakers or casino sites by depositing money into their PayMaya account and to the online site.
Can I use PayMaya for online betting?Yes, PayMaya is a viable payment method for making deposits on online bookmakers or casino websites. It also offers withdrawals, making it a great payment method for bettors.
Where to deposit with PayMaya?People can deposit with PayMaya on various online betting sites, mainly sportsbooks in the Philippines.
Is PayMaya safe?Yes, PayMaya is a safe online payment option, offering many security measures which ensure the security of its users' personal information and money.
Are PayMaya Deposits Instant?Most E-wallet deposits, including PayMaya deposits, are processed instantly and will appear in your betting account shortly after the request is sent. However, this will vary from bookmaker to bookmaker, as some might need a few minutes to process the payment.
Can I withdraw using a PayMaya card?Yes, PayMaya has a withdrawal option, making it a great choice for online bettors who prefer to use just one payment method.
Where can I withdraw money using PayMaya?To withdraw with PayMaya, you must visit the bookmaker's banking tab, select withdrawals, and pick PayMaya as a withdrawal option.
How much is the withdrawal fee in PayMaya?Bookmakers don't charge any withdrawal fees, so by using PayMaya; you shouldn't expect to pay any transaction fees. It will, however, differ depending on the sportsbook we're using.
Is there a limit on my PayMaya transactions?PayMaya has a maximum limit on how much money it can hold, at 50,000 PHP for free accounts and up to 100,000 PHP monthly for upgraded accounts.