PayPal Betting sites are some of the quickest bookies when it comes to placing a bet. Being able to get your money in and out on the same day is definitely an advantage. This allows you primarily to free up your cash flow and bet more frequently on the markets of your choice. It also gives some punters the piece of mind that they are more in control of their wallets.
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Finding PayPal Betting Sites
PayPal is possibly the safest and most secure payment method that you can use at any betting site or casino. It was first established in 1998 and is the most successful online banking method out there. It is used for all sorts, Personal and business finances. It is also the payment method that customers use for eBay, due to how safe and secure it is.
PayPal has now become one of the leading payment options used by punters to withdraw and deposit funds to and from their betting account successfully. In the past, betting sites have been known to offer specific bonuses and promotions that require you to use PayPal to claim, this is a technique used to encourage players to use PayPal.
Best Pay Pal Betting Sites
You will struggle to find a well-established betting site that does not offer PayPal as a payment method. It is so popular and convenient. Here are some of the best bookmakers that offer you the option of using PayPal:
Coral is one of the best betting sites with one of the largest customer bases. The registration is fast; deposits can be made instantly. The minimum deposit amount is £10, which is reasonable compared to other bookmakers; the minimum withdrawal amount is £5, which is very good and low compared to others. There are no fees included, so the amount you deposit is the amount you get. It can also take up to 24 hours for a withdrawal to reach your account.
William Hill is one of the oldest sports betting sites in the industry, covering almost every betting market. As well as that, they have expanded into a casino and offer their customers a huge range of promotional offers to kickstart their betting accounts. The minimum deposit amount is £10, and deposits are processed instantly. The minimum withdrawal is £5, which is the same as Coral. There are no added fees, and the withdrawal speed is up to 24 hours.
10Bet is the official sponsor of Blackburn Rovers FC. They are becoming increasingly popular year on year and with good reason. 10Bet is one of the few betting sites with a minimum deposit amount of £5; this is one of the lowest amounts you will find. The minimum withdrawal amount is £10, which is slightly higher than others but could also be why the deposit amount is so low. There are no added fees, and the withdrawal time is 3-5 days, which is slightly longer than players would have hoped.
BetVictor is a popular sportsbook that has a huge welcome bonus for you to claim. However, they stand in the middle in terms of how generous they can be with PayPal rules. They have a minimum deposit and withdrawal of £10, they do not have any extra fees, and it can take up to 24 hours for withdrawals to reach your PayPal account.
888sport may not be your first choice of the betting site when you are considering who to place your bets with. They sit in the middle of a bunch of betting sites. The minimum deposit amount is £10, and the minimum withdrawal amount is £15, which is high in consideration of other sites. There are no fees, and the withdrawal speed is 2-3 days. Its PayPal terms and conditions may not be the best; however, this sportsbook definitely makes up for it in bonuses.
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Your PayPal account is linked to your bank account; therefore, you can deposit funds from your bank to your PayPal account securely. Then when you make a payment to the betting site, PayPal will ensure that your transaction is safe. They will hold payment for a few days in order to ensure that the place it is being transacted to is safe and legitimate.
We have created a list of the best PayPal betting sites for you to play. Find them from the list below and claim their welcome bonuses today!
PayPal – What You Need to Know
Making a Deposit Via PayPal
Making a deposit via PayPal could not be simpler. They have installed a very fast and effective depositing method so that you can quickly switch money to and from your betting account. We have created a simple step by step guide for you to follow:
- Select PayPal as the desired payment option.
- Choose an amount you wish to deposit into your betting account.
- You will then be directed to PayPal, where you will enter your email and password.
- PayPal will clarify this payment and ask you to confirm it.
- Your payment will then be processed.
Customers do not have to worry about the safety of PayPal. PayPal is a recommended payment option due to how safe and secure it is. There are many barriers in-between payments so that PayPal can verify the transaction.
PayPal does not disclose any of your private and personal information to any 3rd parties or even the betting site themselves. All that is given to the betting sites are your PayPal information and not any personal or financial information. PayPal will also flag up any suspicious payments, they will clarify that it is you that have made the payment if it seems to be unusual.
Rarely will players have to pay a fee for making a payment through PayPal. Most betting sites will have a 0% fee involved with any transactions made to your sports betting account or casino account. Although you may find some betting sites that do make you pay a slight fee for using PayPal services. Bookmakers such as Betfair and Betdaq charge a 2% fee for using PayPal on top of your withdrawals.
Customers can still access PayPal and the best sports betting sites using their mobile device. PayPal has an app which you can download to your iOS or Android device and so do some betting sites. This makes it more convenient for you to switch from your PayPal account to your betting account. You can still perform all the PayPal transactions that you can on a desktop, in fact, it may even be quicker on a mobile device. You can deposit funds on your smartphone and tablet and also withdraw funds.
Advantages & Disadvantages
As a way to sum up the above information and iron out what we consider to be the key points of using PayPal, we have selected a number of advantages and disadvantages to include so you can make a more justified decision on whether or not PayPal is a suitable payment method for you when betting.
- Extremely safe and secure.
- Most sites require no added fees.
- Fast transaction speeds for most betting sites.
- Specific bookies will offer exclusive PayPal bonuses and promotions.
- E-wallets can be more convenient if you do not know your bank details.
- High withdrawal limits.
- Having a middle man can be a slower process. Withdrawals could be made quicker if they were straight into your bank.
- Not every sports betting site or casino will allow the use of PayPal.
- Some betting sites will have fees attached to PayPal, for example, Betfair who charge 2%. This isn’t ideal as there are other payment methods that have no added fees at all with some payment options.
What Bonuses Do PayPal Betting Sites Offer?
As we have already covered, PayPal has many benefits to using their service with it offering a safe and secure payment option, but this is not all. Those of you using PayPal service will also benefit from a range of different bonuses that are exclusive to PayPal users. These exclusive bonuses can vary in a number of ways and offer customers the chance to claim unique bonuses for simply registering and depositing with PayPal.
Many of these exclusive bonuses come in the form of a welcome offer and include Bet365’s open an account offer and Unibet’s ‘Money back as a bonus of up to £40’. Betting sites that offer PayPal exclusive offers require customers to use PayPal, those that do not will be exempt from claiming the exclusive offer. This is why it is important for customers to read the terms and conditions, as these stipulate important information regarding the claiming process.
Which Countries Accept PayPal?
The people at PayPal have tried to make their service as widely accessible as possible, but due to certain laws and other factors, there remain certain countries who do not allow the use of PayPal. With that being said, there is a huge amount of countries that do accept the use of PayPal and to be more precise, there is over 200 of them.
Some of these countries include; United Kingdom, Denmark, Austria, Belgium, Finland, France, Greece, Ireland, Italy, Sweden, Portugal and Spain.
To find out if the country you reside in accepts the use of PayPal, we recommend heading to the PayPal site and checking for yourself.
What Are the Alternatives to PayPal?
PayPal is by far the most recognised e-wallet around and it is no secret that it is a popular payment method, but that does not mean for a second it is the only e-wallet available to customers. In fact, there are a few options available when considering similar alternatives to PayPal and below you can find a few that we have touched upon.
Another popular e-wallet available across the globe is Skrill or otherwise known as Moneybookers. Skrill is a UK based company that follows the same principles as PayPal because it allows users to make money transfers on the internet. Another similarity between the two payment options is that Skrill allows users to register for free and make deposits without being charged.
However, there are some fees attached to using Skrill, which come into play when making transactions. While there are no deposit fees, Skrill charges a total of £4.98 for customers to receive their money, while PayPal’s fee sits at 2.9% + 30p.
So, from what we can see, PayPal is the better option for payment with the lower charges attached.
Neteller is another popular e-wallet that is available to a vast amount of people across the globe and like Skrill, it operates under the Paysafe Group. Once again, Neteller falls short in comparison to PayPal when we look at the popularity of the two, but there is no surprise there. However, Neteller does outshine PayPal in certain instances. For example, Neteller customers will encounter no fees when depositing and withdrawing funds between different accounts and there is a reward scheme in place for customers to utilise.
You will find that there are various fees for deposits and it sits around 1.75% and a withdrawal fee of around 3.99%.
Out of the three e-wallets we have covered already (including PayPal), Trustly is the newest deposit method. Unlike the other Uk-based e-wallets, Trustly arrives from Stockholm, Sweden and despite being the youngest sibling of the bunch it arrives with its own advantages. Trustly offers a safe and secure platform that is becoming more widely accepted on platforms.
The only real downsides to this e-wallet are the waiting times. Customers can be waiting up to a total of 10 business days for their transactions complete.
To summarise PayPal, it is certainly one of the best and safest payment methods that you can use to withdraw and deposit funds to/from your betting account. The great thing about using an e-wallet like PayPal is that you don’t have to enter your debit/ credit card details every time you want to make a deposit, all you need is your email and password and you can sign in to your PayPal account and quickly make a deposit.
With PayPal, you can receive low withdrawal limits and low deposit limits, which is preferred by punters, as not all bookies will allow you to deposit an amount if it is deemed to be too low. If you are looking for a safe and reliable payment option, then certainly consider PayPal. Almost every betting site will accept PayPal. You can find out if they do by going to your online bookmaker and finding the payment methods on the site. PayPal does make online betting more convenient for players and credit goes to sites that accepted PayPal, to offer a safer way of betting to players. Tcs apply.
PayPal can also be used on betting apps, a faster way of betting. Look out for promotions that are specifically for PayPal; some betting sites will encourage the use of PayPal by offering a promotion for a market, (e.g. Football Premier League or Horse Racing) to encourage you to make an online payment via PayPal. One of the other quick ways to fund your betting account is by using Boku or Skrill.