- What PayPal is and its history.
- How to use PayPal on the best PayPal betting sites around on the 2022 market.
- Some of our picks for the best new betting sites that use PayPal.
The Best PayPal Bookmakers
Choosing the top PayPal bookmakers is not a simple job. Because so many of the leading online operators accept PayPal as a valid payment option, it is hard to narrow down which one is best. It becomes more of a subject of personal taste than any objective factor as all of these betting sites that take PayPal are truly excellent. Our picks for some of the best PayPal betting websites currently available include Ladbrokes, Sky Bet, Bet Regal, Coral, and Paddy Power. These sites have the best odds, sports betting options, allow you to bet on Esports, and have excellent customer support services.
Claim a Bonus when You Make a Deposit with PayPal
Practically all of the PayPal sports betting sites will offer some customer bonuses. These are frequently given to both new players and existing customers. Some of the most popular forms of joining bonus or general promotions include no deposit bonuses, matched betting bonuses, and free bets. For online casinos or the online casino section of an online sportsbook site, a casino cash bonus or free spins can be given as bonuses.
How to Use PayPal for Online Betting
PayPal bookies let their player-base use PayPal to both deposit cash and withdraw winnings. Your preferred method of payment may be asked during the registration process. If you wish to use PayPal for both depositing and withdrawing money, you should choose it as your preferred method. To use PayPal for online betting, make sure that your PayPal account has funds in it or is linked with a bank account with funds in it.
What is PayPal?
PayPal is a relatively simple platform to use. While it may take a little more getting used to than a simple debit or credit card payment option, it offers an unprecedented level of financial security, especially when used on online sportsbooks. Essentially, the platform works as an E-wallet. It means that you can transfer money from your bank account directly to PayPal and then hold your money there for as long as you require. Once you are ready to use those funds, you can either transfer them back to your linked bank account or use your PayPal account’s funds to place a bet.
The History of PayPal
In 1998 PayPal founders Peter Thiel, Max Levchin, and Luke Nosek developed the company originally intended as security software named Confinity. They soon switched focus, rebranding the software as an E-wallet that officially launched in 1999 and went public in 2002. Interestingly, Elon Musk (of Tesla fame) had a brief run-in with the company when it started as he didn’t see a future in the E-wallet market.
Making a Deposit with PayPal
Depositing on an online betting site with PayPal is pretty straightforward. While each operator has its different procedures surrounding the deposit process, all tend to follow the same general approach. Find your account page on the website, and then click on the “Deposit” tab. From here, you should be able to select your payment method. Choose PayPal and enter the details of your PayPal account. Enter the amount you wish to deposit into your betting account from your PayPal and click the button to send the request.
Making a Withdrawal with PayPal
If you have already made a deposit using PayPal on an online betting site, then your account details will probably be saved. If they have been saved, you need to click the “Withdraw” tab, select PayPal, and enter the amount you wish to withdraw from your account.
In most cases, you will not be charged any fees for using PayPal at an online sportsbook. The only circumstance that would alter this is if you were using a different currency or came from another country than the online bookmaker. For example, if you are from the USA and try to use USD (dollars) on a UK-based online site, some fees may be charged for conversion.
Countries that Accept PayPal for Sports Gambling
PayPal is available in over 200 countries or regions, so the likelihood is that your country accepts PayPal payments for online betting. The UK, USA, and Australia are some of the countries that use PayPal the most for online betting.
Accepted Currencies on PayPal
PayPal accepts 25 different currencies, covering countries across the globe. Some of the most popular currencies accepted at PayPal include the Australian dollar (AUD), the British Pound (GBP), the Euro (EUR), and the American Dollar (USD). Suppose you are using an online sportsbook that accepts PayPal but is situated offshore (not within your country). In that case, you may be charged a small conversion fee as your currency will likely be different from the site’s usually accepted currency.
Using PayPal on Mobile Betting Apps
Online betting with PayPal has never been easier, thanks to mobile betting. Many bet sites that accept PayPal allow users to bet via a mobile app. The leading operators usually provide this mobile betting app for free, accessible via the Android or iOS app store. These apps are dedicated mobile betting experiences that bring the thrilling wagering experience directly to the comfort of your hand. These mobile betting apps capture the same great online betting experience you are used to and make it even more comfortable and user-friendly.
Alternatives to PayPal
While PayPal is a straightforward and convenient payment method, there are other payment methods available to you on online bookies. Some of the most popular alternatives to using PayPal include credit and debit card payment options from popular providers like VISA and MasterCard, other E-wallet providers like Neteller, Boku, or Cryptocurrency payments like Bitcoin. Bitcoin betting sites and Boku bookmakers are a little trickier to find in the 2022 market.
Staying Safe when Using PayPal to Bet Online
It is of paramount importance that you remain safe at all times when betting online using the PayPal platform. To keep your PayPal details secure and your financial information safe, make sure that you stay vigilant of any scam emails or phishing attempts. Similarly, ensure that you are using only online betting companies that are wholly trusted. Customer and critic reviews are a great way of telling if a website is trustworthy or not.
Maintaining Your Privacy
When it comes to your online safety, privacy is a key. Your personal information should never be put at risk. When you use PayPal for online betting, your personal and banking information will be kept completely safe by the company. They achieve this by using modern software that protects online data against cyber threats. These firewalls are used to stop hackers from stealing your private information effectively.
New Bookmakers that Accept PayPal
If you are looking for a newer online betting experience, perhaps you would prefer an online sportsbook recently established in 2022. Before accessing any new bookmaker, sites make sure that you have researched them thoroughly beforehand. Some new bookie sites can appear legitimate on the surface but are very untrustworthy and dangerous after a while. Ensure check reviews to see if the latest online betting site is fair, legal, and safe before registering with them. Some of our favourite new safe betting sites with PayPal include Mr. Play Sport, Bet Regal, 10Bet, and RubyBet.
Is Betting with PayPal Worth It?
Many people use PayPal for their online betting due to the sheer simplicity and convenience of the payment method. If you already have a PayPal account, linking it to a betting site is incredibly simple and makes the whole online betting experience a more streamlined process overall. And if you don’t already have a PayPal account, then it takes only a few minutes to create one and link your bank account to it.
Advantages of Using PayPal
There are many advantages associated with online betting using PayPal. The list below provides you with a few of the most prominent benefits of using the E-wallet platform to gamble with:
- Making a PayPal account is easy and takes minutes. It is also entirely free.
- Deposits placed via PayPal are usually practically instant.
- Withdrawing money via PayPal is usually the fastest withdrawal method, only usually taking around one working day for a withdrawal request to be fully processed.
- PayPal is a very well-known brand that is highly regulated and is extremely safe to use.
- PayPal customer support is very responsive and is accessible 24/7.
- PayPal allows you to link multiple bank accounts and cards to one PayPal account.
- PayPal transactions use state-of-the-art encryption software to ensure that your banking details are kept safe at all times.
- PayPal is available in over 200 countries and allows the use of 25 different currencies.
Disadvantages of Using PayPal
Despite PayPal’s high level of success in the online betting market, it is not quite perfect just yet. There are a few areas of improvement for the E-wallet provider. Here are a few of the disadvantages of using the PayPal platform:
- Fees may be charged if you reside in a different country or use a currency other than the operator you are using.
- While it is accepted on many online betting sites, it is not as widely accepted as card payment options like VISA and MasterCard.
- A PayPal account is required and can take a little time to set up at first if you wish to link multiple bank accounts.
An Overview of Using PayPal for Online Betting
In summary, PayPal is an excellent payment option for all of your online betting needs. Every top PayPal bookmaker is sure to keep all of your information safe and provide you with a high-quality betting experience. PayPal is accepted across the world and gives you an unprecedented amount of choice regarding how you want to pay. Deposits and withdrawals are fast and easy with this payment option. Below is a list of things you should know about using PayPal to gamble online.
Things to Know About PayPal:
- PayPal is accepted in over 200 countries, including the US, UK, Australia, India, and Europe.
- PayPal allows 25 different currencies, including the Euro, the Australian dollar, the American dollar, and the British pound.
- PayPal supports many languages on its website, including English, French, Italian, and German.
- There are some alternatives to using PayPal, including card payment options (VISA, MasterCard), cryptocurrencies (Bitcoin), or bank transfer options.
- Some of the most popular betting sites PayPal is used on, include Coral, Paddy Power, Bet Regal, and Sky Bet.
If you are looking for an easy and convenient payment method for online betting, then PayPal is definitely an option. Fast and easy deposits and withdrawals, state-of-the-art encryption software, a responsive customer support team, and more are part and parcel of this E-wallet platform. Head on over to PayPal’s website today to set up an account.
Frequently Asked Questions
Can I use PayPal for online betting?
PayPal can be used on an extensive range of online betting sites. The vast majority of leading online sportsbook operators will accept PayPal payments. You should make sure to check before registering with an operator to guarantee that they accept PayPal payments.
How do I pay with PayPal on Bet365?
Using PayPal on Bet365 is incredibly easy. For deposits, head to your account page and click the button labelled “Deposits.” Select the PayPal payment method and enter the details of your PayPal account. Enter an amount to deposit, and the funds will be taken from your PayPal account and added to your Bet365 account. For withdrawals, head back to your account page and click “Withdraw.” Select PayPal and enter an amount you wish to withdraw. Click the button to request a withdrawal; the money should be in your PayPal account within around one working day.
Can you use PayPal on SkyBet?
SkyBet allows its player-base to use PayPal as a payment option for both deposits and withdrawals. Just select the PayPal payment method when depositing or withdrawing funds from your account and enter your PayPal account details.
What is the best betting site that accepts PayPal?
Like so many leading online sportsbook operators accept the PayPal payment method, it is challenging to choose the best one. An operator should give you the best odds, sports betting options, additional betting options, and good customer support on an objective level. In the end, it is mainly down to the individual to decide which online betting site that accepts PayPal is best suited to their personal preferences.
Can I use PayPal on Bovada?
Bovada allows its players to use PayPal for both withdrawing and depositing funds into their Bovada account. Just head to your account page and select PayPal as your preferred payment option.