Using PayPal is a great way to add funds from your normal bank account into a secure wallet to make payments online. You probably also know that PayPal can be used to send money as payment for online betting sites and deposit in real-time so that you can move money in an instance from your PayPal account into an online betting account.
Best PayPal Betting Sites
If you are already familiar with how PayPal works, below is a list of recommended betting sites accepting PayPal as a payment method.
One of the best known and best known UK based sports betting sites accepting Paypal as a payment method, Bet365 has been around since 2000 and has built up a reputation for providing its customers with high-quality services at very competitive prices.
Another major UK based sports betting site and one of the first to accept PayPal as a payment method. It's therefore an extremely popular PayPal betting site.
One of the best known and most used online betting sites in the world today. They are certainly known for some of the most creative and funny adverts!
Sportingbet is one of the best-known sports betting sites offering great odds, a huge range of leagues and tournaments to bet on and a great support team. They also accept PayPal as a payment method.
One of the best online betting sites in the UK, providing an easy to use website, great customer service and fantastic prices. You can also pay by PayPal.
One of the longest established sports betting sites in Britain and one of the most popular. They are strong on customer service with good prices for all betting opportunities, including PayPal as a deposit option.
One of the largest online bookmakers in the UK. They provide a full range of sports betting markets, including niche markets like Greyhound racing and provide a great service.
One of the fastest-growing online betting sites in Europe today. They offer the full range of sports betting events, high odds and great value prices.
Betfair is the largest exchange betting site globally, and as such, Betfair can be trusted to provide great value for money. They are also a good choice if you want to bet on international sports events.
One of the best online betting sites for providing great customer service and high-quality help. You can also pay by PayPal for betting with 888 Sports.
One of the best bets for players looking to bet on a wide range of sports.
How Does PayPal Work?
Let’s take a closer look at how PayPal works in general. For those unfamiliar with PayPal, it is a global e-commerce business allowing payments and money transfers to be made through the Internet. It offers its services to users in over 200 countries worldwide.
You can send money electronically to anyone with an email address, and you can also send money to someone as a gift if they don’t yet have a PayPal account.
If you want to make a payment using your credit card, bank account or even your bank account balance, you can do this by going directly into the payment section of any PayPal account.
Not only can you use PayPal to send funds from one person to another on the web, but also as a payment option at traditional brick-and-mortar stores such as petrol stations or supermarkets where debit cards are normally accepted.
The PayPal transfer service is actually a perfect way to safely move funds from one place to another without going through the hassle of cash transactions. There is no worry of identification, and the funds are sent instantly to the second party’s account if you’re happy with the transaction. This makes it an ideal way to pay for online betting and a good choice when incurring gambling debts.
Using PayPal For Online Gambling
Several sites offer PayPal as a payment option and more traditional forms of payment like credit cards or bank transfers. A Paypal bookmaker is preferred by those who like to keep their betting bank separate from their main bank account.
There are many reasons why PayPal users like to do this, but the main one has to be the security and trust that PayPal sportsbook websites offer. Another main reason is for gamblers to have the ability to control their gambling losses by having a dedicated account for online gaming and placing bets with an online bookmaker.
If this way of betting is appealing to you as a bettor, then PayPal could quickly become your preferred way of placing bets. To place bets using PayPal, you will need to bet with a PayPal gambling site. The reason for this is you have to make a PayPal deposit for the money to leave your PayPal account and become available in your online betting account.
All you need is an existing PayPal account and know the username and password for the account. After entering the amount you wish to deposit, then pick PayPal as the deposit method; you will then be redirected to the PayPal website to enter your username and password.
Once you have entered your username and password you will be asked to confirm that you would like to make the transaction. Once you have confirmed this then you will be redirected back to the betting site and the PayPal transaction is complete and the funds available for placing bets with.
Making A PayPal Withdrawal
If you are successful in winning any money whilst gambling online then the process for withdrawing is as straightforward as depositing.
You visit the bank section, select withdraw and pick PayPal as the withdrawal method. One thing to note that if you deposited via another method you may not be able to make a PayPal withdrawal.
Once the funds are in your PayPal account you can then choose to withdraw from your PayPal account into your bank account via the PayPal website or PayPal app.
Countries Where PayPal Can Be Used For Gambling
PayPal currently operates in 202 countries worldwide but is not available for gambling transaction in all the listed countries. Here’s a list of where PayPal can be used to gamble:
It is always a good idea to check with PayPal directly before you gamble their services. They can let you know if they are allowed in your region or not and what type of gambling will be accepted!
Is PayPal Secure For Online Betting?
PayPal is renowned for providing a secure way to make payments on the web, and you can be confident that payments will be safe if you use this method. You can use it for all forms of online gambling, including bingo, casino games and even use PayPal to play at online slot sites.
The reasons for this is that eBay owns PayPal, and as such, eBay has stringent security rules that every site needs to adhere to receive payments using their system. This means all transactions are fully encrypted, and PayPal never shares any financial information with the vendor.
This makes it almost impossible for anyone to access your financial records or access any of your personal details. In addition, all sites using PayPal have their own internal security systems, which should protect you from any online fraudsters trying to gain entry into your account.
If there is ever a dispute with an online gambling company, you can raise your dispute with the licensing organisation that the gambling company holds a license with. Still, the advantage of using PayPal is that you can also raise a dispute with them.
PayPal Fees For Gambling
PayPal is as easy to use for online betting sites now that the company has updated its policy. Previously, users could be charged twice: one by PayPal and another from a gambling site hosting their account. Fortunately, this fee structure was changed last year, so it’s no longer an issue!
The fees charged by PayPal will typically be to the casino or betting site that you are using rather than to you as the customer. Some online betting says may however decide to pass this fee onto you as a customer. They will confirm this before the payment is processed, and you can decide whether or not to use a different payment method instead.
When making withdrawals from your betting account into the PayPal account again, most betting sites should not charge a fee. However, again this is at the discretion of the particular site, so you should check with your chosen site if there are any additional fees.
PayPal will charge you a fee if your account is funded in one currency and you wish to make a payment in another currency. This is known as a currency conversion fee; the currency conversion fee is 3-3.75%.
Mobile Betting with PayPal
PayPal ensures that you have all of the convenience and functionality needed to manage your banking needs on the go with their full mobile app. You can deposit funds, place bets, transfer money or withdraw cash from any location at any time.
A huge advantage is that PayPal has an online customer service team available 24/7, so if anything goes wrong, they will help out!
Given that betting on a mobile device is now one of the most popular ways to place a bet, having access to your PayPal account on a mobile phone makes it an easy and convenient way to manage your bet bank.
PayPal Alternatives for Betting Online
In our opinion, PayPal is by far the best payment method out there, but it might not work for everyone, which brings us to other options like Skrill or Neteller; these two sites have been around longer than most and will allow bettors who prefer anonymity an easy way to make their deposits without having any personal information tied back into their account.
Many people prefer to use a debit card for their transactions, especially when you need cash quickly. However, if your goal is convenient, you should choose an ewallet over an old fashioned card!
Paypal Betting Final Thoughts
PayPal has been a trusted online payment processor for many years, and many betting sites use it as the primary way to deposit cash easily into their online accounts. It’s love by bingo players, slot game fans and, of course, a firm favourite for sportsbook bets.
We are a fan of this payment method because it allows you to make deposits without needing to submit any of your financial details to the betting site. You can use your PayPal balance to make deposits into your betting account, and you will also be able to make withdrawals from that account into your PayPal account.
Another major advantage is that you can keep your PayPal balance separate to your main bank account so therefore it’s easier to manage your betting bank and keep track of your winners and losers which can help with responsible gambling.
All of the sites on the list are trusted and licensed with the UKGC so you can be confident of a great experience when betting with any of these sites.