With PayPal, your financial data is stored in a single online “vault,” unlike the use of sending credit card information or bank data online to an online sportsbook.PayPal account holders receive “ payback” protection if, when their payments are made, they do not receive the ordered product or service.PayPal provides additional security protocol in the use of two-factor verification.PayPal offers ‘ PayPal Purchase Protection’ covering you if there is ever an issue with an online sportsbook payment.The online sportsbook will not receive your sensitive financial information like your credit card or bank account number when you send an online sportsbook a payment using PayPal.These include but are not limited to, the following: As a leading source for online payments in the United States, PayPal offers numerous safety and security measures that can be applied to those at PayPal betting sites.