Are you looking to get started with GCash Sports Betting?
GCash is a popular common cashless payment method that was developed by Filipinos for Filipinos. Although it is not well known, the Philippines is in fact one of the leading countries in developing cashless payment methods via e-wallets and even cryptocurrencies.
The development of GCash has led to a significant increase in purchases for online shopping, e-commerce transactions, sending and receiving cash for ang bao and other gifts, and of course for sports betting.
Filipinos love to place a bet, particularly with American sports, such as the NBA basketball and it is through GCash that the convenience and efficiency excels.
In this article, we discuss the benefits of using GCash to place a sports bet, and the best sports betting sites to bet on.
Top GCash Sports Betting Sites
When gambling from the Philippines, you want to ensure that you are using the safest and most secure form of making a cash transfer to credit your sports betting account. The most common payment methods include creditcards – VISA, Mastercard, AMEX and Diners, e wallets like PayPal, Skrill, Neteller, bank transfers and now cryptocurrencies (Bitcoin, Ethereum and Dogecoin).
All these payment methods will require KYC forms to be completed by a new sign up, hence, the key differential among them is their speed and cost.
This is where GCash comes into play. GCash is a locally developed digital cash payment method that is safe and secure in the Philippines. It was created by Filipinos for Filipinos, and is therefore well trusted. But, unbeknownst to many, this payment method is also one of the fastest AND one of the cheapest.
GCash was created by Globe Telecoms, which continues to be at the forefront of digital payment methods. GCash can be used on any smartphone, tablet or mobile device. It is easy to use for online shopping, payment of services, transfer of funds between friends and family, and of course for placing a bet.
Globe Telemcoms has partnered many local banks or other financial service providers in the Philippines to enable GCash to be widely accepted. Through these partnerships, GCash has become widely accepted and cheap to use.
Funding your sportbook account with real money, is safer of easier with GCash.
Download the GCash App and place a bet
Getting started with sports betting with GCash is really easy. Globe Telecom has created an app which is available on Google Play Store or Apple Store for both Android and Apple devices.
Download the GCash App onto your device, then make sure you register with the correct details. The GCash App is endorsed by the Bangko Sentral ng Pilipinas (BSP) – Central Bank of Philippines. So you can be assured that you are using a safe and secure application.
After you have registered, there will be some forms needed to be completed for Know Your Customer (KYC) purposes. These forms are necessary for all payment methods to prevent criminal activities.
When registering for GCash, you will also need to provide a mobile PIN. This is one of the best features of GCash, in that it uses your mobile phone as a safeguard. The two way authentication uses SMS and a 6 digit code to ensure you are the real user.
After getting started with GCash, you will a whole new world opens to you with ease of transactions, and with betting.
How to Deposit to GCash for Sports betting
The beauty of GCash is that there are so many methods to top up your GCash with real money.
You can directly deposit physical cash at 7 Eleven outlets. Simply walk into the convenience store, and process your cash via the store owner.
You can transfer from Paypal, BDO and direct electronic funds transfers from bank accounts. There usually no fees associated with these transfers with the exception of the following banks RCBC and BPI which charges a small fee of Php. 1.00.
The use of Direct GCash payments, is that these transfers can pass straight through to the sportsbook.
Other methods include using the GCash app. Using this method offers linking credit cards and e wallets for ease of moving monies.
Using GCash is one of the best methods to make a deposit for sports betting.
GCash is Safe and Legal to use for Sports Betting
There is a lot of confusion regarding gambling in the Philippines. By law, Filipinos are not allowed to gamble at local operated gambling venues or sites UNLESS they are licensed and regulated by the government. You will find that there are NO legal online casino sites or sportbooks that Filipinos can sign up to. Technically the law places the onerous on the sportsbook operators to ban Philippine players, rather than banning the player per se.
It is therefore LEGAL for Filipinos to play at offshore casino and sports betting sites. Betting via the internet, is one of the safest and most convenient ways to enjoy wagering real time on sports.
Having said that, there are a few legal land based sportsbooks to be found in the Philippines. Though not as convenient as using a mobile device, placing a sports bet is accessible.
There is no law banning the use of GCash to make a funds transfer for sports betting. GCash is a payment method that is endorsed by the Central Bank of Philippines, and is highly regarded as a good payment option. There are no laws which prevents deposits or withdrawals via GCash for gambling.
About GCash and Globe
GCash is a Philippine developed payment method that uses mobile devices and strong partnerships between financial services providers to allow users to make payments, transfer gifts, buy and sell, online shop and much much more.
As a form of mobile payment, the convenience extends beyond any other payment method in the Philippines. In addition the use of GCash is licensed and regulated by the banking authority – Bangko Sentral ng Pilipinas (BSP).
The developer of GCash is Globe Telecom, one of the leading providers of telecommunications in the Philippines. Globe has a vast fixed line and mobile phone network, reaching out to millions of customers throughout the country.
Globe is floated on the Philippine Stock Exchange with a value of USD $4.0 billion.