Betting Sites Accept Paypal
- Do Any Betting Sites Accept Paypal
- Online Betting Sites That Accept Paypal
- Usa Betting Sites That Accept Paypal
- Betting Sites That Accept Paypal
PayPal is a form of electronic storage for your cash. Add or remove funds to or from your normal bank account into your digital PayPal wallet and use these funds to pay for things online as you would do usually with your bank card. PayPal can be used to deposit into UK online betting accounts in countries anywhere where online gambling is regulated.
Betting sites that accept PayPal disappeared almost overnight, and other payment options had something new to contend with. The Unlawful Internet Gambling Enforcement Act or UIGEA focuses on the processing of payments as it prohibits businesses from accepting.
One of the top sports betting sites for the US right now is BetNow. This online sportsbook is licensed in Curacao, so you know it’s legit. As you’d expect from any of the best sports betting sites, BetNow offers an intuitive user interface that will help you easily browse through the large number of sports and events covered. PayPal is already a widely accepted payment method at the UK’s top online betting sites, but what about the newest bookies on the market? While brand new betting sites may have to earn their reputation before they can accept PayPal, you can bet with PayPal at many new betting sites. Some leading betting sites now offer PayPal quick registration (indicated in the table at the top of this page). Coral and Ladbrokes were one of the first to bring this in. This allows you to register with sites.
- Paypal:
Betfred - Best PayPal Betting Site
PayPal is a more expensive option for betting companies due to higher fees, which is why less offer it compared to other methods and with most operators tbe minimum deposit is £10+. Betfred stand-out among online bookmakers when it comes to betting with PayPal for a number of reasons, but one of the main benefits is the £5.50 minimum deposit level, lower than almost every other brand.
Withdrawals also start at just £5 and can be made up to £5000 in a single transaction, again better than most of their competition. Betfred have been in the business a long time and have a good grip on what customers want from a betting company, this is evident when you look at their PayPal limits.
Deposits are instant and withdrawals take up to 48 hours, this is mainly due to processing time for Betfred, you will find in many cases withdrawals happen much quicker than this. With Betfred having high street shops too it means you can bet through PayPal and withdraw in cash from an online funded account in their shops if you wish.
Online Bookmakers That Accept PayPal
| Site | Min Deposit | Min Withdraw | Quick Reg | Fees | Withdrawal Time | Visit |
|---|---|---|---|---|---|---|
| Betfred | £5.50 | £5 | No | 0% | Up To 48hrs | |
| BetVictor | £10 | £10 | No | 0% | 1-3 Days | T&Cs Apply, 18+ |
| 10Bet | £10 | £10 | No | 0% | 1-2 Business Days | |
| Mr.Play | £10 | £10 | No | 0% | Up To 3 Days | T&Cs Apply, 18+ |
| Paddy Power | £10 | £1 | No | 0% | 4-24 Hours | |
| 888 Sport | £10 | £3 | No | 0% | 4 - 5 Days | T&Cs Apply, 18+ |
| Vbet | £5 | £5 | No | 0% | 2-3 Days | |
| William Hill | £10 | £10 | No | 0% | Up To 24hrs | T&Cs Apply, 18+ |
| STS | £10 | £10 | No | 0% | Up to 30 mins | |
| Novibet | £10 | £10 | No | 0% | Up To 24 Hours | T&Cs Apply, 18+ |
| Ladbrokes | £10 | £0.01 | Yes | 0% | Up to 6hrs | |
| Coral | £10 | £5 | Yes | 0% | 8 Hours | T&Cs Apply, 18+ |
| Betfair | £5 | £1 | No | 0 | 12 - 24hrs | |
| MansionBet | £10 | £10 | No | 0% | Up to 3 days | T&Cs Apply, 18+ |
| Parimatch | £5 | £10 | No | 0% | 1-3 Days | |
| BETDAQ | £10 | £10 | No | 0% | Up To 48 Hours | T&Cs Apply, 18+ |
| Sport Nation | £25 | £25 | 0% | 3 - 5 Days | ||
| Unibet | £10 | £10 | No | 0% | Up To 12 Hours | T&Cs Apply, 18+ |
| Tonybet | £10 | £10 | No | 0% | Up To 48 hrs | |
| LeoVegas Sports | £10 | £10 | No | 0% | Up to 5 days | T&Cs Apply, 18+ |
| Boylesports | £5 | £5 | No | 0% | Up To 24 Hours | |
| Energybet | £10 | £20 | No | 0% | 3-5 Days | T&Cs Apply, 18+ |
| Mr Green | £10 | £10 | 0% | Up to 2 hours | ||
| 32Red Sports | £10 | £10 | No | 0% | 2-3 Days | T&Cs Apply, 18+ |
| Grosvenor Sports | £5 | £10 | ||||
| Betfair Extra Bonus | £5 | £1 | T&Cs Apply, 18+ |
By loading funds from your existing conventional checking account you can deposit and withdraw without needing to carry various cards and passwords around with you. Through PayPal you can send and receive money with many UK online betting sites offering a convenient and easy to manage your betting. Most of the bigger UK bookmakers accept PayPal with similar deposit and withdrawal limits and rules to conventional debit card transactions.
Using an electronic wallet service like this comes with several advantages. Funds clear more rapidly with PayPal than through standard banking meaning you can use your money within 24 hours of making a withdrawal and quite often this can occur within several hours. You would still need to withdraw from PayPal back to your bank account for full access to your cash and this will take 2-5 working days due to normal banking procedure. PayPal also offers some added security by not requiring you to constantly enter various card details across several sites.
Ultimately though PayPal gives you flexibility. By managing your betting wallet in this way you can see clearly what you are depositing and withdrawing without these transactions being lost with your usual grocery shopping. Through PayPal you could build up funds to a certain amount before you withdraw so you can get more out of your winnings. Alternatively you can use your PayPal funds to spend as you usually would as this service is now accepted by many companies worldwide.
Some UK betting sites also offer PayPal quick registration allowing you to sign up, deposit and receive your bonus in a matter of minutes without you needing to enter your details over and over again (see below for more).
If you are looking for casinos that accept PayPal visit our friends at OnlineCasinos.org.uk
PayPal Gambling
It is a misconception that PayPal cannot be used to fund online betting and gambling sites in the UK. It is true that in the USA, Canada and any jurisdiction where gambling activities aren't formally regulated (or are outright banned) PayPal cannot be used to deposit or withdraw funds into gambling sites.
But in the UK (and certain other EU countries) PayPal acceptance is now common place. Having said this, not all bookmakers offer the service - see the table above for a list of betting sites that accept PayPal.
PayPal make it necessary to complete their full verification process before you can use the service to fund a betting account. This is largely to prevent fraud and it is one reason why you can predominantly claim introductory offers when using the eWallet, which is not the case with wallets such as Skrill or Neteller.
How to Use PayPal
Many people have a PayPal account these days. If you already have an account simply make sure your eWallet is loaded with funds and select PayPal from the list of deposit options. As long as the name of the PayPal account matches the name registered on the betting site then this will be fine, even if the two use different email addresses. Usually you will not be able to withdraw to PayPal if you have not made your deposit using this method.
If you don’t have a PayPal account signing up is easy. This does take a few days however as PayPal will need to verify that your address and bank account belong to you. They will do this by sending you a code in the post and also by transferring a nominal amount into your account with a specific reference code to be entered online. Once your account is set up you can load it with funds from which you can deposit into your betting account and play with as normal.
Although initial set up may take a week or so it is worth it. As soon as you have your bank account linked to your PayPal digital eWallet you will be able to manage all of your online betting easily from one place. It is also convenient for when your bank card expires, in this case you only need enter the new details once into PayPal rather than changing your card on each site it is used on. You can also have several of your own cards and bank accounts linked to the one PayPal account giving you more flexibility in funding options.
PayPal Quick Registration
Some leading betting sites now offer PayPal quick registration (indicated in the table at the top of this page). Coral and Ladbrokes were one of the first to bring this in.
This allows you to register with sites using your existing PayPal credentials. You are in essence giving PayPal the authorisation to share your name, address, date of birth, etc., with the online bookmaker. The main benefit of this is you can register in quite literally a matter of seconds while at the same time have you deposit method already set up. This also has the added bonus that you only need to fill in your details once, with PayPal.
History of PayPal
PayPal and its precursor Confinity were developed at the end of the last century as a new way to transfer money however it was through its association with eBay that the company really took off.
In a new era for online commerce eBay offered a pioneering way to buy and sell goods quickly and people wanted payment mechanisms to match this. Although eBay had their own payment system known as Billpoint by 2002, 70% of auctions on the site were accepting PayPal as their preferred payment method, and so in July of that year eBay bought PayPal for $1.5 billion. PayPal quickly went on to become the default payment choice on eBay but remained an independent business allowing it to be used with other online providers.
Over the next few years PayPal grew enormously and by 2010 had over 100 million active users. Today PayPal claim over 200 million users, operating in over 200 countries and in 25 different currencies. PayPal spun off off from eBay as a separate entity in 2015.
One of PayPal's founders was Elon Musk, who famously went on to launch his own private space rocket venture, Space X, with ambitions to send the first humans to Mars no less. Switch over to OnlineCasinos.org.uk for a more detailed history of PayPal along with key facts and contact information.
Countries Where PayPal Can Be Used For Gambling
PayPal currently operates in 202 countries world-wide but is not available for use for gaming, gambling and betting in all. Here is a list of countries where PayPal can be used for gambling purposes.
- UK
- Austria
- Belgium
- Denmark
- Finland
- France
- Greece
- Ireland
- Italy
- Portugal
- Spain
- Sweden
The above list is not necessarily exhaustive, it is worth checking with PayPal directly if you are unsure of whether they allow use of their services for gambling in your region.
Security
Conformity, the precursor to PayPal, were actually company set up to develop security software and so PayPal has been set up with security in mind from the get go. PayPal operate all of the industry standard measures to keep your data locked up tight. On the whole it is much safer to leave your bank account details with a third party like PayPal rather than enter them over and over again each time you make a new transaction online.
PayPal in fact err on the side of caution a lot and will lock down your account quicker than any bank would if they suspect fraudulent activity. At onlinbetting.or.uk we are security conscious so we recommend all our customer to set up two step authentication on their PayPal accounts for added security.
Fees
There are two ways you could be charged a fee for using PayPal, one from the betting site and another from PayPal itself. With so many payment options around these days any high fee system would be shunned so PayPal is pretty much free to use with most online betting sites that offer the service.
PayPal do have a range of fees for sending and receiving money although this is usually only if sending between countries or converting between currencies. If for example you have a UK bank account and bet in British Pounds with a UK bookmaker it is highly unlikely you will incur fees.
How do PayPal make money then if they don't charge you fees personally? Well, by charging the operator fee, in this case the betting company. Some operators choose not to pay these fees and it is one primary reason why the feature is not ubiquitous. Please do note PayPal may charge you fees for funding your digital wallet from certain sources such as credit cards as this is counted as cash.
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
Do Any Betting Sites Accept Paypal
- 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.
Online Betting Sites That Accept Paypal
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.
Usa Betting Sites That Accept Paypal
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.
Betting Sites That 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.