PayPal is a system of electronic payments, which is used to pay for goods on the Internet, as well as for funding personal accounts, including on betting websites. Among the foreign betting platforms PayPal is one of the main tools of transactions due to the fast speed of funds transfer, high level of personal wallet protection, as well as the possibility of using multiple currencies. 

PayPal is one of the most popular payment methods for betting sites due to its ease of use and security. It allows users to transfer money without any subscription fee, so it’s convenient and cost-effective. Furthermore, it provides extra layers of security which makes the transfers secure and reliable.

However, there are some drawbacks associated with PayPal as well when it comes to betting. It charges extra fees for accessing money from betting sites, which can be a bit expensive. Additionally, disputes can take longer than usual to process due to PayPal’s dispute resolution system.