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Best PayPal Betting Sites

PayPal Betting SitesPayPal is one of the most popular and most widely used e-wallet services in the world. It is also one of a handful of different deposit methods which are offered by almost every online bookmaker.

This page will focus on PayPal as a deposit method, showing which bookmakers accept PayPal and aims to provide all of the information a punter could ever need to decide whether the e-wallet service is the payment method for them.

Online Bookmakers That Accept PayPal

The first thing you need to know about using PayPal at any betting site is that some bookmakers exclude PayPal depositors from their opening bonus offer…

PayPal Friendly
  • Betvictor
  • Bet365
  • Betfred
  • Unibet
  • Betfair
  • Boylesports
PayPal Excluded
  • 888Sport
  • William Hill
  • Coral
  • Ladbrokes
  • Totesport

You obviously don’t want to be excluded from any free bets or bonuses therefore the following sites are without a doubt the best to join

Deposits, Withdrawals & Time Scales

Bookmaker Deposit Withdraw Min Max
Betvictor Instant 0-24 hours £10 £5,500
Bet365 Instant 0-24 hours £10 £5,500
Betfred Instant 0-24 hours £5 £15,000
Unibet Instant 0-24 hours £10 £5,000
Betfair Instant 0-24 hours (1.5% fee) £5 £6,000
Boylesports Instant 0-24 hours £10 £5,500

How To Use PayPal For Online Betting

Whilst PayPal is a very popular and well known online payment service, if you’ve never used it with an online bookmaker before it can take a little bit of getting used to.

With that in mind here’s how to open a PayPal account, how to get money into your account and how to use PayPal to deposit and withdraw from any online betting site.

How To Open A PayPal Account

Opening a PayPal account is simple and straightforward, and can be achieved by first heading to paypal.com.

Once on the PayPal website, all you need to do to open an account is to select the white ‘Sign Up’ option at the top right hand side of the screen and follow the subsequent on screen instructions.

Those will take you through the process of choosing between a personal or a business account and will require you to enter a selection of details including your name, email address and a password you wish to attach to your account.

How To Fund Your PayPal Account

PayPal AccountIn order to be able to deposit to PayPal, you must first link your bank account to your PayPal account – a process which is also necessary for verifying your new PayPal account.

To link your bank account, you need to log in to your PayPal account, click ‘Wallet’ and then click ‘Add Bank Account’.

Enter your details before clicking the ‘Add Bank Account’ button.

You now need to confirm that you are the owner of the bank account.

To confirm your bank account, click ‘Wallet’ then ‘Confirm’ next to the account you just added. From here clicking ‘Continue’ will allow you to submit direct debit details which will allow PayPal to transfer 1p to your bank account.

Once that transfer has appeared on your bank account, it will be accompanied by a four digit code. Go back to your wallet, enter this code and you’re good to go!

How To Use PayPal With Online Bookmakers

PayPal DepositOnce you have opened, confirmed and funded your PayPal account, using it to deposit to an online betting site is really simple and easy.

Head to any of the online bookmakers that accept PayPal listed above and open an account.

Log in and head to the main account menu where you’ll find ‘Deposit’.

There will then be a drop down menu or other similar method by which you can select your desired deposit method. You need to select ‘PayPal’.

You’ll then be asked for your registered PayPal email address and the amount you wish to deposit. Enter the details and click ‘Deposit’.

You will then automatically redirect you to your PayPal account, where you will need to enter your PayPal account details and confirm the transfer of funds.

Why Use PayPal?

Low Fees

When using PayPal to deposit to or withdraw from betting sites, those sites generally do not charge fees. PayPal’s own transaction fees, what’s more, are low when compared with other e-wallets.

Keeps Card Details Safe

Depositing to a betting account through PayPal introduces a buffer between that account and your card details. It means you do not ever have to give those card details to the bookmaker if you don’t want to.

Speedy Transactions

When using PayPal to deposit to or withdraw from betting sites, those sites generally do not charge fees. PayPal’s own transaction fees, what’s more, are low when compared with other e-wallets.

Bonus Compatible

A number of e-wallet services, such as Skrill and Neteller, cannot be used to deposit to an account if the account holder wishes to take part in a bookmaker’s bonuses. PayPal is generally not treated in the same way.

Clean Bank Statement

Transferring funds straight to a betting account from your bank means the betting site’s name appears on your statement. Using PayPal stops this from happening as your statement will simply display a PayPal transfer.

Data Encryption

Transactions to fund PayPal accounts and from PayPal accounts to other locations are encrypted in order to protect the financial details of the parties involved, and PayPal itself is a secure site.

Centralised Bankroll

If you use more than one betting site, a PayPal account is a great place to keep your overall betting bankroll and allows you to quickly move funds to whichever site you desire at any given time.

Who Are PayPal? Can They Be Trusted?

Paypal IconPayPal are one of the world’s largest internet payment companies and operate a worldwide online payment system. PayPal Holdings Inc. is based in San Jose California and is traded on the NASDAQ Stock Exchange. Soon after their initial public offering back in 2002, PayPal became a wholly owned subsidiary of internet giants eBay but was spun off as an entirely independent company in mid-2015.

As of 2016, PayPal employed over 18,000 people worldwide and had a net annual income of more than $1.4 billion.

Being such a massive corporation, therefore, there are absolutely no fears for users that PayPal may fold or that anything about their operation isn’t above board and trustworthy. That fact is solidified, too, when you consider that online bookmakers take PayPal as a deposit method which can be used for promotions and bonuses whereas they exclude other e-wallets from their offers.

Company Timeline

Timeline

1998

In December of 1998 Max Levchin, Peter Thiel, Luke Nosek and Ken Howery founded a company called Confinity, which developed security software for handheld devices.

1999

Confinity developed and launched PayPal as a money transfer service, with the help of finding from John Malloy of BlueRun Ventures.

2000

Confinity merged with online banking company X.com, which had been founded by Elon Musk.

2001

Having taken the decision to abandon their other enterprises and focus on PayPal, X.com itself was renamed PayPal.

2002

PayPal was taken public and shortly afterwards was acquired by eBay for $1.5 billion.

2010

PayPal had grown to boast over 100 million active user accounts in more than 25 different currencies and 190 separate countries.

2015

eBay spun off PayPal into an entirely independent company.

2016

PayPal joined the Fortune 500 for the first time.

PayPal Betting FAQs

What Fees Will I Be Charged?
Depositing to and withdrawing from online betting accounts using PayPal is free (aside from Betfair who charge 1.5% for withdrawals). There are some standard charges attached to making transactions using PayPal itself, but these are generally for transactions which would not apply in the normal course of using PayPal for online betting.
Why Don’t All Bookmakers Take PayPal?
PayPal is one of the most widely accepted payment methods around but there are a small number of online bookmakers who don’t accept it. It’s difficult to see any logical reason for this and it probably suggests that the bookmaker isn’t particularly well-established or reliable.
What Will Show Up On My Bank Statement?
If you use your bank account to fund your PayPal account and then deposit to an online betting site via PayPal, the betting site’s name will never appear on your bank statement. Instead, you statement will simply display a transfer of funds to PayPal.
What If There’s a Problem With My PayPal Account?
PayPal are one of the biggest financial services companies in the world and as such offer comprehensive customer service. A resolution centre is provided in order to solve a multitude of different problems, and customer service advisors can be contacted in many different ways for any issues which can’t be resolved in that way.