Alipay betting sites
When it comes to online gambling, there are many payment gateway options to consider, all with different pros and cons. Among them is Alipay, which is quickly becoming one of the most widely adopted platforms.
Backed by one of the world’s largest companies, Alipay has an enormous user base. It rivals the most renowned payment platforms, such as Paypal and Neteller.
Alipay betting sites already include some of the biggest operators in the industry. It’s a wildly popular e-wallet in Asian countries, with considerable global growth as well. Furthermore, Alipay bookmaker payments are quick, safe, and often carry low fees.
Best Alipay betting sites
Alipay bookmaker payments
As the leading payment processor in China, Alipay provides a fantastic platform. Hundreds of millions of customers use it every day to make all sorts of payments. These include simple ecommerce transactions, travel bookings, and even online gambling payments.
Alipay bookmaker deposits are a simple alternative to traditional banking methods. User accounts are easy to set up and incorporate ID verification. This makes it easier for gambling operators to comply with anti-money-laundering regulations and ID checks.
As a result, Alipay gambling payments are often processed much faster than other types of payments. Some operators can take between one and three business days to process a card payment. For bank or check payments, processing times can go up to 10 business days.
That makes the instant or near-instant processing speed of Alipay betting payments a very competitive feature. Adding bank cards to Alipay and depositing through there is often faster than paying directly with the card.
The company can process both deposits and withdrawals, making it well suited for online gambling purposes, while registration is very quick and only takes a matter of minutes.
Alipay online betting history
Many operators today offer Alipay bookmaker payments. The platform is seamlessly integrated with Alibaba, a massive online marketplace. With online commerce comes an endless stream of transactions and vast daily volumes.
These features make Alipay a trusted payment processor for thousands of businesses across hundreds of sectors. Internet gambling is no exception. Both online casinos and sportsbooks have readily adopted Alipay as a payment solution.
The Alipay betting history isn’t particularly long, though it’s quite consistent. Its earliest iteration dates back to 2003, as part of the Taobao ecommerce platform. In 2010, Alibaba acquired the company in a controversial restructuring.
Gambling has considerable cultural significance in Asia, with multiple betting operators in the region. Virtually all Asian online gambling sites today list Alipay as a payment platform. Elsewhere, its popularity is also on the rise, though adoption has been somewhat slower.
The largest international sports betting sites around provide Alipay payments in select countries and territories. That includes the likes of William Hill, Sportingbet, and Betway. To check if your bookmaker accepts Alipay, visit the Cashier or Banking section and inspect your options.
Is Alipay safe for sports betting?
The chief concern for most players unfamiliar with the platform is safety. So, is Alipay safe for sports betting? The answer is yes, absolutely. In fact, Alipay employs some of the world’s most advanced security protocols to keep user accounts safe.
For example, the system features two distinct password systems. To log into their accounts, users need to provide a login password. Initiating a payment, however, requires users to enter a special payment password. These two passwords have to be different.
This provides an additional layer of security to protect player funds from malicious third parties. All transactions processed by Alipay require users to have a digital certificate installed. The certificate encrypts information sent over the web, keeping would-be hackers at bay.
Alipay benefits from the Alibaba Group’s ample expertise in the digital economy. In more than 17 years since its foundation, Alipay has accrued impressive experience in online payment processing. Today, it’s the largest financial technology company in the world.
Alipay betting sites have additional security features, including SSL connections, encryption, and secure servers. Licensed betting sites need to comply with several regulations to protect players’ personal and financial information.
Alipay fees for betting deposits
Using the company’s processing platform to handle your payments, you may incur a few different types of service fees. Players can face fees both on the operator side and on the payment processing side. Specific fees vary between different sites, countries, and funding sources.
On the bookmaker side of things, operators often charge a fixed percentage for transactions. Sometimes deposits are free of charge, but withdrawals carry a fee. With most online sportsbooks, there are no Alipay fees for betting deposits.
Withdrawals can be a different story. Some operators charge withdrawal fees for all payment methods, including Alipay. However, the majority of Alipay betting sites have free withdrawals as well.
As for the processing side, you can still incur fees even if your sportsbook doesn’t charge any. Payments made using your Alipay balance will generally have no fees involved. For connected credit/debit cards and bank accounts, you can expect a small fee on each payment.
Fees are typically very low – less than 0.1% of the transaction value. For most linked payment methods, you’ll only have to pay fees when making deposits.
Best Alipay betting sites
Alipay Q and A
- Do I need to be in China to open an Alipay account?
Not at all. Alipay is open to customers from around the world. Things used to be different, though. At first, you had to be a Chinese resident and have a Chinese bank account to use Alipay. Later on, the platform expanded to Hong Kong and a handful of other Southeast Asian nations before setting up shop in many other countries all across the globe.
- Is Alipay available in the United States?
Yes. Alipay betting sites in the United States are admittedly in the minority, but adoption is rising. Even beyond online gambling at US betting sites, some brick-and-mortar shops are starting to take Alipay. For example, Walgreens recently started accepting Alipay transactions in the United States.
- What do I need to get Alipay?
Opening an Alipay account as an international user is a relatively simple process. Download the app or visit the international version of the site. Create your user account and add your phone number for verification. Once you’re verified, you can add payment methods and use your account to complete transactions.