Betting Apps That Take Paypal
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PayPal is one of the world’s most popular online payment processors, allowing users to transfer money to each other, make purchases at millions of websites, and storing money. All of these features also make PayPal betting the perfect tool for online gambling, especially in the UK.
Since just about everyone has a PayPal account and knows how to use it, betting with PayPal is a fast, simple, and trusted way to get started with online sports betting.
Our expert guide to PayPal betting sites will show you everything you need to know including:
PayPal Betting Bonuses
PayPal betting sites are always excited to get new punters. As part of their efforts to attract new members, they offer bonuses for new players that make it even easier to come away a winner.
By taking advantage of these promotions, smart bettors can increase their profits and get more value for every PayPal deposit. We help you find the biggest and most valuable bonuses so that you can get the most value out of the PayPal betting sites that you choose to play on.
These bonus offers can come in many different forms. One of the most common promotional formats is a straight matching bonus. In this promotion, you’ll be given additional funds to use based on the amount you deposit. For instance, a 100% matching bonus would mean that if you deposited £500, you would receive £500 in bonus money to use on the site.
Is It Safe to Use PayPal for UK Betting Sites?
PayPal betting sites are among the safest gambling websites in the world. When you deposit via PayPal, you’ll know that your deposit is protected by the same protocols as any other transaction using the service.
That includes the fact that your bank account or credit card information will never be transmitted to the PayPal bookmaker: only your account data is used for each deposit or withdrawal you make.
In addition, the PayPal betting sites we recommend use state of the art encryption and security systems to ensure that any sensitive information is protected at all times. These are the same protocols that are utilised by major financial institutions.
We also stand behind every PayPal betting site that we put on our recommended list. Our team of experts has ensured that you can trust each of the PayPal sports betting sites we recommend to you.
The Advantages of Using PayPal for Online Betting
While there are pros and cons of PayPal betting, overall we think that PayPal betting sites are some of the best options available for people who want to bet online. PayPal is a flexible option for bettors, allowing you to both deposit and withdraw funds at a moment’s notice. You only have to enter your account details once and then you are able to access your funds instantly.
As mentioned above, another reason many sports bettors use PayPal is because of the reputation for security the company has. PayPal is trusted by companies and individuals a like and is responsible for securely transferring billions of dollars each year.
As a company, PayPal only makes itself available in jurisdictions where there is strict gambling licensing. For you, that means that if you can use a PayPal bookmaker, you know that they have a licence. That guarantees the site you are playing at has followed strict protocol that includes site security, data protection and fairness.
PayPal also provides flexibility, which is something all online bettors appreciate. You may have found better odds at an alternative site or need to move your cash from one card to another. If you use PayPal, that is easy to do.
If you want to start placing your bets right now, choose our top-rated PayPal sports betting site and see exactly why it earned our highest recommendation.
How to Use PayPal for Online Sports Betting
Before you get started, it’s important to understand how to use PayPal for gambling. First, you’ll need to sign up for an account at one of our recommended PayPal betting websites.
Visit the bookmaker’s website and sign up for a free account. This can usually be done in a matter of moments. Just provide some basic information about yourself and choose your login details, and you’ll be good to go.
Creating a PayPal account – Joining PayPal is simple and quick. It can be done in a matter of minutes. All you have to do is head to the PayPal website, create an account, add some details such as your name and email, link to a credit or debit card then verify your email. After you’ve completed these simple steps, you’re ready to deposit.
Deposit with PayPal – Before you can start betting with PayPal, you’ll need to make a deposit. To do so, first find the cashier section on the betting site. There, you will see a list of deposit options, including PayPal.
Once you choose PayPal, you’ll need to specify how much you want to deposit. At that point, you’ll then be taken to your PayPal account, where you’ll need to log in and verify the details of your transaction. Once you’ve done so, your funds should be transmitted to your betting account in a matter of moments, allowing you to bet with PayPal.
PayPal Withdrawals – One of the best parts about online betting with PayPal is the fact that you can also withdraw funds through this method. Once you’re ready to cash out your winnings, you can choose PayPal from the list of withdrawal options available. Let the bookmaker know how much you wish to remove from your account and provide your PayPal account data, then submit your request.
Be aware that the first time you withdraw winnings from a PayPal betting website, you’ll may need to complete some “know your customer” steps before your cash out will be processed. This may mean that you will have to provide some specific information to the bookmaker, including one or more of the following:
- Birth Certificate
- Bank Statement
- Payslip
- Photo Identification
- Utility Bill
Don’t worry – this is a normal part of the withdrawal process at licensed PayPal betting sites. It is there to protect you as a player. Imagine how difficult it would be for a fraudster to withdraw your winnings if they were asked to provide that information.
PayPal Fees – Many of our users also wonder about PayPal deposit fees. Generally speaking, most bookmakers will cover these fees on deposits. However, it is possible that you will have to pay a fee imposed by PayPal itself if you choose to withdraw using this method.
Do All UK Betting Sites Accept PayPal?
PayPal betting sites aren’t quite as common as bookmakers who accept other deposit options like credit cards, but there are still plenty of options for those who want to deposit via PayPal. This is especially true in the for punters in the UK, where you can choose from a wide range of UK bookmakers that accept PayPal.
This is because of PayPal’s own policies, which only allow the service to be used for betting on licensed sites in areas where strong regulation of gambling exists.
PayPal betting sites aren’t exactly rare, but it’s still important to be sure that a bookie accepts this deposit option before you sign up for an account.
Which Countries Accept Online Betting with PayPal?
PayPal is available to use on betting websites in the following countries:
- UK
- Austria
- Belgium
- Denmark
- Finland
- France
- Greece
- Ireland
- Italy
- Portugal
- Spain
- Sweden
In all of the listed countries, online sports betting is well regulated by national law, and in many cases has been established for many years.
PayPal may be branching out into new countries soon, depending on legislation. If you are interested in using a PayPal betting site in a country that’s not on this list, it’s worth checking with them directly.
US Sportsbooks with PayPal
In the US, only people in states that have fully licensed online gambling are able to bet with PayPal. With current legislation, that means you can only use sportsbooks with PayPal in Nevada or New Jersey.
It’s the same story no matter where you are in the world. If online gambling is legal and licensed then you can use PayPal. However, if it’s not, PayPal sports betting won’t be an option.
Alternatives to Online Betting with PayPal
- Debit/Credit Card – Still one of the most popular ways to fund betting accounts. Debit and credit cards are accepted by nearly all online betting sites, especially major ones.
- Skrill – Skrill is another e-wallet that is popular amongst online sports bettors. Like all e-wallets, Skrill provides users with convenience and security which is particularly important when betting online.
- Neteller – Along with PayPal and Skrill, Neteller is a commonly used e-wallet. Many sports bettors use Neteller to fund their accounts because it makes it easy to move money to and from different accounts.
- Cryptocurrency – Cryptocurrencies are becoming increasingly more common as payment methods, and online betting is no exception. The biggest cryptocurrencies and most like to be found at online betting sites are Bitcoin, Ethereum and Ripple.
How we Compare PayPal Betting Sites
We understand how important it is for you to find the best possible PayPal betting sites, which is why we take the time to review every PayPal bookmaker. To determine which bookies make the grade, we take into consideration a number of different factors. Our criteria includes:
- Bonuses and Promotions: What kinds of bonuses are available for our users? Are there any special bonuses available for betting with PayPal?
- Betting Options: How many different sports and competitions does the bookmaker offer? Do they support in-play betting? Do they offer a variety of betting markets and novelty options?
- Security: Does the site follow industry-standard procedures to make sure your data and your transactions are protected? Is the bookmaker licensed by a trusted regulator?
- Customer Service: Can you contact customer support 24/7? Are they available by live chat and other methods? Is the service team courteous, knowledgeable, and professional?
- Odds: How do the odds and payouts compare to other bookmakers? Are there any sports or specials on which punters can get better odds than normal?
Betting Apps That Take Paypal Instantly
All of these factors are considered before we recommend PayPal betting sites to you. The result is our recommended PayPal bookmaker listed above.
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Frequently Asked Questions
One of the biggest advantages of betting with PayPal is the fact that this e-wallet can be used for both deposits and withdrawals. PayPal is an excellent method for cashing out your winnings, as you can then either transfer that money to your bank account or hold it in your PayPal account for use at other betting sites in the future.
Unfortunately, not all betting sites are able to offer betting with PayPal. This is due to PayPal’s own regulations, which do not allow the service to be used except in cases where they have agreed to work with a betting site that is licenced in a regulated jurisdiction such as the UK. Thankfully, that still leaves plenty of great PayPal sports betting websites for you to choose from if you live in an area where betting with PayPal is supported.
PayPal bookmakers are some of the safest betting sites on the internet. Because of PayPal’s own policies, only the most trusted sites with effective oversight can accept deposits and withdrawals through their service. You can also rely on our expert reviews to make sure you only choose the best PayPal sports betting sites to play at.
In almost all cases, betting sites will not charge you any PayPal deposit fees when you choose to use this funding method. In addition, most sites will also allow you to withdraw your winnings to PayPal without any added fees. However, be aware that PayPal itself does charge transaction costs that might be applied to your withdrawal and that these fees can vary depending on where you and the betting site are located.
In terms of both convenience and security when it comes to online gambling there aren’t any better choices than PayPal. It allows you to quickly and easily fund and withdraw from your account and in the process you’re protected by the many security features PayPal has to offer.
Best PayPal Betting Sites: Top 9
The following is a list of the best sites for betting with PayPal:
*Info accurate as of 03-03-2021 for the UK market.
PayPal Betting Sites Compared: Limits & Fees
| Bookmaker | Min | Deposit | Withdraw | Fees |
|---|---|---|---|---|
| Betvictor | £10 | Instant | 1-3 days | 0% |
| Coral | £5 | Instant | 24 hours | 0% |
| William Hill | £5 | Instant | 24 hours | 0% |
| Paddy Power | £10 | Instant | 1-4 hours | 0% |
| 888Sport | £20 | Instant | 2-5 days | 0% |
| Betfred | £10 | Instant | 24 hours | 0% |
| Ladbrokes | £10 | Instant | 6 hours | 0% |
| Unibet | £10 | Instant | 24 hours | 0% |
| Betfair | £5 | Instant | 24 hours | 2% |
| Boylesports | £10 | Instant | 1-5 days | 0% |
| Betdaq | £10 | Instant | 1-5 days | 2% |
How to Use PayPal: Deposits & Withdrawals
As one of the largest online payment processors, PayPal is widely accepted by online bookies, and many sites even offer a free bet bonus for punters who make their initial deposit via PayPal. Moreover, as PayPal is a fully electronic payment storage option, making a deposit to a bookmaker which accepts PayPal is extremely easy – as is making a withdrawal.
How To Deposit:
- To get started with making a deposit via PayPal, you’ll have to first set up and fund your PayPal account.
- Head to PayPal.com to open an account now.
- For greater convenience, you can verify the account with PayPal which lifts your £/$500 monthly limit (find instructions when logged in on the PayPal site.
- Now add money to your PayPal account by simply clicking the ‘Add Money’ button (when logged in). It will process the same way as any online payment.
- Next log into your chosen PayPal friendly bookmaker, select deposit and easily move funds from PayPal to your betting account.
- If you bet with PayPal all deposits process instantly.
How To Withdraw
- Log in to your betting account and hit the withdraw link.
- Select PayPal as your chosen method and enter the amount you wish to cash out.
- Confirm the transaction – most bookies process PayPal withdrawals instantly (one of the biggest perks of this option).
Security & Anonimity: Stay Safe With PayPal
If you’re using PayPal to process online financial transactions, then you are already in a pretty good place in terms of security. Here’s how PayPal keep you safe:
Protecting Card Information
It is always a good idea, especially for the more security-minded among us, to use a third-party payment processor for any online payment. This saves you from sharing your credit card or bank account details with a wide variety of sources, and instead means that you’re only providing the critical information to one party (in this case PayPal and not the betting site).
SSL
PayPal does recognise how critical the safety of your information truly is, and have taken all industry-standard measure to make sure that your information is locked up securely (behind their Secure Sockets Layer), and that you don’t maintain any liability should the information be compromised. If you check your address bar you’ll see we employ the same security function here on Cheeky Punter.
Transaction Monitoring
PayPal takes their security extremely seriously, and tends to err on the side of caution when dealing with potentially fraudulent activity. Particularly if you travel internationally, or deal with a lot of cross-border transactions, you might be see your account flagged, locked, or frozen with some regularity. This is usually sorted out with a quick call to customer service. It’s better to be safe than sorry.
Anonymity
Finally one of the best things about using any of the Paypal betting sites listed in our table above is the anonymity they provide you. If you deposit with Paypal then your bank statement only shows money in and out of Paypal, not a gambling operator. This is more important than you think as whenever you apply for credit, even if you’re only spending £20 a week, it’ll still flag up on many banks reports.
Phishing Emails
Paypal have a policy of never asking for account information or passwords via email so you know as soon as something lands in your inbox trying to get your details it’s a scam. If you want to report phishing just forward any email to spoof@paypal.com. They’ll let you know straight away if it’s fraudulent or not. Be on high alert for emails from PayPal as impersonating the company is right at the top of the list for many scammers.
About PayPal
PayPal is a worldwide e-commerce institution, which allows you to make online money transfers quickly and securely between your PayPal account and the accounts of thousands of merchants and banks worldwide.
The company operates by storing money drawn from your checking account, and then allowing you to send the money via online transfer to the merchant of your choosing. Payments are processed quickly, and PayPal saves you the risk of providing your financial details directly to the merchant.
How Does PayPal Work?
PayPal For Online Betting
For any readers in North America, please note that PayPal will not process payments to any gambling sites for North American customers. The only way to deposit in a account from a North American PayPal account is by first transferring your money to a third-party, such as another e-wallet.
However, for users in the UK and Europe, PayPal offer a fast, safe, and convenient way to deposit and bet online as well as a quick and easy way to withdraw your winnings.
Company History
PayPal dates to the late 1990’s and early 2000’s. Although not originally an online payment system, it slowly merged into that as the need and desire for such as system become increasingly evident.
In particular, the popularity of online auction site Ebay.com propelled PayPal into the national spotlight. Although Ebay had its own payment system, the PayPal system was more flexible, as it allowed users to move their money around more freely. As such, PayPal become the online payment option of choice for a variety of websites, Ebay included.
In 2002 it was purchased by Ebay and has been used as the official payment option for all auctions on that site. However, it has also continued to operate as an independent business, and offers customers a convenient and secure method of processing payments online to a wide variety of merchants worldwide. As such, it is an ideal option for making deposits to, and withdrawals from, online bookmakers and since PayPal started to appear the method has grown quickly in popularity to the point where some punters will only use PayPal friendly sites.
FAQ
There are two places where you could potential incur fees making a deposit using PayPal; either from the betting site, or from PayPal itself.
Fortunately, the former have eliminated processing fees so no betting site will charge you anything for using PayPal.
On the other end, PayPal does charge a wide variety of fees for performing different types of transactions. The fees you incur depend on the type of transaction, the type of account you hold with them, the type of payment option utilised, among other factors.
Deposits are always processed instantly and withdrawals are often instant as well – some withdrawals can take up to 24 hours to process but it’s rare that they don’t go through straight away.
Some bookmakers will and some bookmakers won’t give you a deposit bonus if you make your first deposit using PayPal. There’s nothing stopping you using an alternative method for the first ever deposit and using PayPal for everything thereafter.
The only other two deposit options similar to PayPal are Neteller and Skrill. Both offer a similar e-wallet style service to PayPal but be careful as fee’s can be slightly higher.
Do Any Betting Sites Accept Paypal
We consider PayPal to be one of the safest deposit options available to online punters. They employ all the expected security protocols for online transactions and provide an account monitoring service to ensure you haven’t been hacked or scammed.