Betting with PayPal: the Best PayPal Betting Sites
Since its establishment in 1998, PayPal has emerged to be the most successful online payment service outside of standard online banking. Used for both personal finances and for businesses, the brainchild of famous technologists such as Peter Thiel and Elon Musk has been one of the most popular online betting payment methods since it was allowed for gambling in 2010. Our complete PayPal review will detail everything that you need to know about the online payment method service. Read all about PayPal betting sites now!
The Top PayPal Betting Sites
When we created this site, we spent a long time thinking about the greatest PayPal betting sites. It was an arduous process, but we have now whittled it down to just five PayPal bookmakers. The table we have created for you below looks at its bonus amounts, minimum and maximum deposits, total rating, mobile app and odds. Take a look below in order to see which operators we reckon are the finest for betting with PayPal.
|Bookmaker||Welcome Bonus||Min. Deposit||Max. Deposit||Odds Levels||Visit Bookmaker|
|netbet||£50 Bonus100% Match||£10||£5,000||Up to 95%||Bet Now!|
|ladbrokes||£50 BonusBet Match||£5||£99,999||Up to 98%||Bet Now!|
|grosvenor||£30 Bonus3 x £10 Free Bet Tokens||£10||Adjustable||Up to 94%||Bet Now!|
|betway||£30 Bonus100% Match||£10||No limit||Up to 98%||Bet Now!|
There are certain criteria that we have considered when creating this review. We think that minimum and maximum amounts are something important to consider, knowing that you have full flexibility with your money. Bonus amounts are also very important, giving you some great value upon signing up with the payment method. In addition to this, we have helped you to figure out which bookmaker is the best by giving it a total rating out of five. Another thing to look out for is whether they have specific bonuses for using the payment method itself.
How Do I Use PayPal for Betting
All this information about PayPal bookmakers is pretty useless if you don’t know how to use it for betting itself. Thankfully we are on hand to explain to you how to bet using the service. What is important to know is that PayPal cannot be used directly for betting, at least not legally. All bets have to go through an intermediary such as an online operator that holds a licence with the UK Gambling Commission. Therefore, PayPal is used for depositing into an online bookmaker, and from there you bet with the balance in your betting account. We will explain how you can fund your account and use it to deposit into an online bookmaker in the section that we have created for you below.
Funding My Account and Depositing into an Online Bookmaker
Funding your account is super simple. It can either be linked to your credit/debit card or your personal bank. Once you have added your payment method, then you have to click the Transfer Money button. From there you are presented with a new page, where you can easily move money from your current account or credit/debit card into your PayPal balance. Then once your account is topped up, go on to your bookmaker and find the deposit option. When you deposit the amount of money you want, you will be directed to a pop-up page where you may be asked to log in to verify your account. It’s really that easy. You can also deposit directly through your bank account without having to top up your account.
- Step 1Join your bank account or card with your PayPal account
- Step 2Deposit cash into your PayPal account
- Step 3You can now use PayPal to deposit into your account
Are PayPal Bookmakers Compatible with Mobile?
The simple answer to this question is yes, but let’s explain it in some more detail. As well as being able to use it on your phone, when you deposit via the payment method on your mobile device you will be redirected to the mobile app where you can verify your account with just one-click touch ID or by typing your password in. This makes it one of the quickest payment methods to be used on mobile. To learn more about betting on an app, head on over to our mobile guide.
How to Open a PayPal Account
Before you can use this payment method in order to deposit with a betting site, you have to open an account. We will detail exactly how to do it right now. The first step is to go onto the main PayPal site itself. Once you have done that, you can click the sign up button on the top right hand side of the site. Once you have done that you will be presented with the option of choosing either a personal account or a business account. As this account will be used for betting, you should pick a personal account. After you have done that, you should fill in your personal details, such as your name, email account, address and mobile phone number. After you have done that, you can add your card details and/or your bank account. Then you have to verify your account to make sure that it is really you using the account. Add a bank account, submit a direct debit instruction and confirm it in order to be fully linked up. In order to explain how easy it is for you in more concise detail, we have created this slideshow for you below. Take a look now!
- Sign Up for an AccountStart getting an account with PayPal by pressing the sign up button. Then choose whether you want a personal or business account[1/3]
- Fill In Your Personal DetailsThe next step is to fill in your personal details, such as name, address and password.[2/3]
- Link Bank Account or CardTo complete sign up, link your PayPal account with your personal bank account or credit card.[3/3]
The Main Reasons for Betting with PayPal
Now you know everything about how this payment method works, you might be asking yourself just why you should use it. In order to help you make the right decision about whether it is right for you, take a look at the advantages in the six boxes we have created for you below. If you like what you see, why don’t you start betting with PayPal now?
- SafetyUsing this payment service means that your card details will never be used on the betting site. This means that you can deposit and withdraw in the full knowledge that nobody can see your card details. This is also much quicker than having to type in your card number when you want to deposit some money. Additionally, your PayPal can be linked directly with your bank account, taking out the middleman altogether!
- FeesAs well of ease of use, we find that its very important to be able to deposit and withdraw money without incurring any charges for doing so. Users of PayPal will be happy to know that they can use the paymenat method in the UK absolutely free of charge. This is much better than competitors Skrill and Neteller, who do charge for transactions that come in and out of their e-wallets.
- TransactionsOne thing bettors really value this day and age is speedy transactions. Slow withdrawal and deposit times can be a real drag. When you use PayPal all deposits occur more or less instantly, whilst withdrawals can be processed in as little as two hours. This is much quicker than card withdrawals, which in certain cases, can be as long as five days. The fact this can all be done in just a few clicks is also remarkable.
- BonusesThere isn’t much point of using a payment method if it cannot be used to claim a bonus. This is why we are happy with the service provided at PayPal. The vast majority of bookmakers that allow it also allow the payment service to be used to claim the bonus. You can learn everything you need to know about welcome offers at our exclusive bonus page now!.
- E-WalletProfessional bettors know the importance of having accounts across several bookmakers. This is so they can have the best deals for their money. What is great about using it for all of your betting needs is that you can use it as an e-wallet across all of your different bookmakers. As it is so quick you can transfer between accounts within the same day.
- Card and BankNot sure whether to use it through your card or through your bank account? Thankfully when you use this operator, you have the choice of one or the other. It is this flexibility that allows you to either pay on credit – if you are using a credit card – or your savings account, if you are using your bank. Not many other payment methods give you the option of both, so this is something to be commended.
Sadly, like with all payment methods, no one service is a complete bed of roses. Therefore, there are a few disadvantages that can be found when using it. Firstly, there are a few operators that do not accept the payment method – especially the smaller ones. Additionally, if you move out of the UK and want to bet via PayPal on a compatible bookmaker, you may still be blocked from using it on the site. There is also the problem of freezing accounts, which can happen from time to time. We will tackle this specific problem in our FAQ at the bottom of our page.
Are There Bonuses for PayPal?
PayPal and betting sites have been such good bedfellows in the past few years to such an extent that some operators do occasionally offer specific bonuses for using the payment service. This is in addition to the fact that using it will qualify you for the vast majority of all bonus amounts. If a bookmaker hasn’t yet introduced the ability to deposit and bet with PayPal, we would recommend keeping your eyes peeled in case they do as this may mean that they will introduce a specific bonus. Take a look at the table we have made below for our pick of the best operator for PayPal bonuses below.
Great welcome bonus For first time PayPal bettors . Bet now!
Why Is PayPal The Safest Payment Method?
The number one priority when it comes to betting is making sure that you are doing it safely. When you are using PayPal you can be certain that it is as secure as it can be. As it serves as a middle man it means that you never have to put your card or bank details on a betting site. While we find that this isn’t necessary, given the stringent security measures of a betting site, it does add that extra layer that a card or bank payment cannot give. All your transactions are encrypted and only able to be accessed by you. Additionally, if something does go wrong with your payment, they have their own methods in place to try and get you your money back – something that you can’t find with a traditional bank. For these reasons we believe that this is the perfect payment method for all bettors to use.
How to Avoid Being Scammed?
In this modern day and age, where we get connected to the internet more and more each day, scams can ruin lives, both financially and emotionally. Despite the immense security that PayPal enforces to make sure betting can be done safely, you may still be subject to scams if you don’t protect your information correctly. Therefore, we would recommend a series of safeguards in order to make sure that betting is a fun experience and not a disastrous one. Important sites for you to keep in mind are the highly respected Independent Betting Adjudication Service and the national UK Gambling Commission. Below are some bullet points that we have added that we think may be of importance to you when trying not to fall afoul of dodgy scammers. Please will you take a look and see if there is anything that you may not have thought of when making sure you are betting safely.
- Making sure only you know your password details.
- Don’t share your bank or credit card details with anyone.
- Make sure that you are betting on a secure computer server.
- Make sure that you, and only you, are using your betting account.
When you are betting, it is highly important that you get the absolute best value for your money. That is why we would strongly urge looking for payment methods that do not charge any fees when you deposit and withdraw money. Thankfully for users of the PayPal service, you can bet in the full knowledge that you haven’t spent any money on fees while betting with the site. This is in distinction to other payment methods such as Skrill and Neteller, which can take up to 3% of your fees – which can be quite a substantial amount over time.
How Did We Test the Best Bookies for PayPal?
To test the best bookies, we looked at each of them individually and rated how they met our testing criteria. We looked at how easy it is to make deposits and withdrawals with the operator, paying special attention to the limits they have on these payments. What we really want to see is low deposits and high withdrawals, meaning that you can get in and bet easy and take out high amounts to enjoy on other things. Another important thing was the speed with which this would take – obviously the faster the better. Odds levels and the bonus amount were also deeply considered. More and more bookmakers are adopting PayPal – to see which newcomers also accept this payment method, check out this article!
History of PayPal Related to Sports Gambling
PayPal may have begun in 1998, but it was a long road before it became heavily associated with online betting. This is due to it being an American company, and The United States being particularly averse to online gambling. This can be traced to the Federal Wire Act of 1961, where John F Kennedy passed legislation to stop inter-state gambling through wire transfers. This aversion to betting is due to both America’s long standing history of money laundering through gambling, especially within the Italian and Irish mafia, and the creation of casinos in hitherto deprived areas such as Las Vegas, Atlantic City and Native American reservations. This was amended in 2002 to also include online card payments and bank transfers to gambling sites.
As a result many bettors moved to the newly public PayPal, then a subsidiary of eBay. They were quickly pursued and made to pay $200,000 to the state of New York, and $10 million to the government in general. The company was very close to becoming bankrupt as a result. To take precautions against further indictments they suspended taking any money to process betting from 2003 onwards. This decision was reversed in 2010, with the caveat that they would only do it in countries whereby online gambling (and PayPal transactions) are supported.
This means that they choose the companies that they work with carefully in order to make sure that they are in the right place and fully within the right limits of the law. Therefore, if you want to take a look at their acceptable use policy, you can see that betting is an activity that requires approval by them before being set up. This is most importantly “if the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.” Two years ago they quietly reintroduced themselves into certain sections of the USA where online gambling is still seen to be something of a grey area. This move has been widely suspected to be linked to the fact that they had completely spun off from Ebay in 2014 and is now looking for extra ways to find revenue. Therefore we expect PayPal to be used by more operators in the future!
Start Betting with PayPal Now
Now that you have read nearly everything that you need to know about the PayPal service and betting with PayPal, why don’t you consider using it right now? We generally think that due to the criteria mentioned above, that it is the perfect place for betting online. Below we have highlighted the exact operator we believe you should bet with when using PayPal, and have listed the reasons why, including the welcome bonus, the odds levels, and the ease of use. If you do not think that this payment service is for you, why don’t you look below at how we have stacked it up against its competitors?
Check out the best PayPal Betting Site 28,000 betting options . . . . START PLAYING!
Why 888sport Is Perfect for PayPal Bettors Great free bet bonus offer Loads of different daily deals Competitive odds Easy to use Read our 888Sport review now!
How Do Other Competitors Compare?
Although this page has been dedicated to the benefits of betting with PayPal, there are other payment methods that you should consider. For example, if you are looking for other e-wallets, then why don’t you use either Skrill or Neteller – although be conscious that they can charge fees for use. If you want to be anonymous, which PayPal doesn’t promise, then you can always use Bitcoin – which processes all your payments with full encryption. It doesn’t give you the option to top up your account in cash, whereby a paysafecard can be purchased from a local convenience store. Lastly, if you want full integration with your smartphone, why don’t you try processing your payments using Apple Pay? If any of these alternative payment methods interest you, please feel free to browse them by clicking on one of the links that we have provided for your convenience below. To learn more about punting online, head on other to our main betting page now!.
Although we sure have done our best to explain to you exactly how PayPal betting works, there may still be a few questions that you feel haven’t been answered. We know that it can be a lot of information to process, especially when the guide is as extensive as our one. In order to clear up any remaining confusion, appended to this review is the FAQ section, where we will lay out answers to the few remaining things that you might want to know. Please continue reading until the end in order to get the full scope of how the PayPal service works.
Why Don’t All Betting Sites Accept PayPal?
There are many betting sites out there that have just started up, so they may not have the infrastructure to set up PayPal just yet. Additionally, they are very cautious about who they link up with, using a long vetting process before they team up with a bookmaker, so it could be because they do not trust the operator yet. We are sure that as it expands, the vast majority of operators will come to use it.
Can I Get a PayPal Card?
For users of PayPal, if they apply for it, they can get an access card. It works more or less like a standard MasterCard, except that it is pre-paid only from your PayPal account. This is great if you want to convert your betting winnings into cash via an ATM or have a stress-free card to use abroad. This also means that that you can use it to purchase non-gambling products online, possibly meaning you can do away with a traditional bank.
Why Has PayPal Frozen My Money?
There are many reasons why they could have frozen your money. They can do this when they cannot authorise your account, suspect you of money laundering, you have logged in from a strange location, have bet in the wrong country, or if you have used your account to fund nefarious and illegal activities. We would recommend that you read the guidelines available on the PayPal site before signing up for an account in order to prevent your money from being frozen.
Countries Where PayPal Can Be Used for Gambling
PayPal itself can be used in over 200 countries and can be transmitted in 25 different currencies. Only in authoritarian states (Iran, Burma), unrecognized countries (Kosovo) or places undergoing civil war (Syria, Sudan) can you not use it. The operator commits to allowing its service to be used for online betting in all countries that it has been legalised. Broadly speaking, the majority of countries in Europe support gambling, while it is illegal across most of the rest of the world.