Betting Sites that Accept PayPal
When you think of joining a new betting site, you should consider many aspects of it. One of these are the payment methods supported and whether internationally accepted e-wallets like PayPal are in that list. Fortunately, this banking gateway is not restricted in a lot of countries. This means that it might be available for deposits and withdrawals in your favourite bookies. Check out our full list of betting sites with PayPal below.
What is PayPal?
PayPal is, without a doubt, the first brand ever associated with digital wallets. Considering the years it has been around, this e-wallet has become the most popular and used method for sending money online. Established in the late 1990s in the USA, PayPal can now brag, having more than 200 million active customers internationally. The brand enjoys such a global support thanks to its safety, convenience, cross-platform compatibility and low to no fees.
Customers of PayPal feel protected because of the efforts the company has put into double-checking buyers’ and sellers’ information. The simplicity of the e-wallet stems from their One Touch login. It allows punters that visit the leading bookmakers to make deposits with their password only skipping the part of detailing more data. As for the worldwide reception, the US digital wallet sports a great desktop version, but an even more excellent PayPal app. Finally, joining the PP family is free of charge, and so is transferring money to a specific account. For all other transactions, the e-wallet will charge you a small fee.
Online Betting with PayPal
As far as online sports betting and casinos go, PayPal is one of the best choices for punters. Being a customer to an operator that accepts e-wallets, you will benefit from quick deposits. Fund your betting account no matter if you use mobile apps or the desktop portals of the sites. At the same time, the advantages don’t stop here. Customers with PayPal can also enjoy the following perks.
No matter if you are a professional gambler or not, instant deposits are important. Choose PayPal if you want to lose no time depositing when you spot a value bet. Besides, it is the pro betting sites that will allow for high stakes on longer odds. Therefore, having PayPal deposits to resort to will definitely be advantageous.
Plenty of measures have been taken by both the bookies and the digital wallet to secure your payments. Similarly to other renowned e-wallets like Skrill, you can be sure of the protection guaranteed procedures here. Thus, you won’t have to compromise your safety for quicker transactions. To the contrary, you can have the best of both worlds.
It is true that some bookmakers have special qualification conditions. This is especially true for most bonuses and promotions for the sportsbooks and online casinos. In some cases, the bookie forbids deposits with an e-wallet if you want to activate a certain bonus. Fortunately, this very rarely concerns PayPal.
How Do I Open a PayPal Account?
You can opt for the PayPal app for iOS and Android or just use the desktop site instead. Either way, before depositing into your betting account, you will first need to join PayPal. Only that way will you be able to manage the way you transfer money at a glance.
- Open the official site of the e-wallet by visiting www.paypal.com on your device.
- Click on the Sign Up button and choose the account you would like to open.
- Choose a Personal Account if you want to use PayPal for online betting.
- Enter your first and last name, email address and login password.
- On the second overlay, fill in your address, mobile phone and DOB.
- Read through the T&Cs and Privacy Statement and agree with them by ticking the boxes at the bottom of the form.
- Finally, select the Agree and Create Account button to finish the signup process.
How Do I Verify my PayPal Profile?
The way to verify your PayPal account is quite different from the usual KYC (know your customer) procedure. You need not send copies of photo IDs and utility bills as proof of the information you provided upon signing up. At the same time, though, you will need to link an active bank account or a debit/credit card.
Linking your Card with PayPal
First, you will have to transfer some money to your new e-wallet. PayPal will book the money for a short while – long enough to make sure you are indeed the owner of the bank account. There will be a number on the bank statement containing the confirmation code. It will be a four-digit code that will link your PayPal wallet with your credit or debit card.
Ways to Fund my PayPal e-Wallet
It is only natural that you can use almost any method to deposit into your PayPal account. This is a digital wallet that can hold all the cards you own. There is no limit to the bank accounts and cards you can attach to your PayPal profile. Plus, you can receive funds from other e-wallets as well.
Withdrawals are possible to the same cards you have linked. The times differ depending on your bank. Find out more by consulting the table below.
|Deposit Methods||Fee||Withdrawal Methods||Fee|
|Linked Bank Transfer||No Fee||Linked Bank Transfer||No Fee|
|Linked VISA, MasterCard||No Fee||Linked VISA, MasterCard||No Fee|
|Transfers to other Accounts||2.9% Fee||Transfers to other Accounts||2.9% Fee|
What Types of Currencies Does PayPal Accept?
Since punters who love sports betting online come from all walks of life, it is only natural that PayPal will accept different currencies. Thus, even the best betting sites by country will have a reason to partner with this e-wallet. PayPal supports several international currencies. Here they are.
PayPal & Cryptocurrencies
You can indeed buy cryptocurrencies such as Bitcoin with PayPal. However, you will need to use an exchange and link your PayPal account to it. The truth is, though, it will become very complicated to play on crypto bookmakers if you use this e-wallet. What we would suggest, instead, is that you opt for a crypto digital wallet. Thus, you will save yourself the hassle of converting Bitcoins to another currency in PayPal and then funding your betting account.
Pros & Cons of Betting with PayPal
- PayPal app for iOS and Android in place
- Decades of experience as a trustworthy e-wallet
- Safe and fast transactions to most bookie sites
- Firewalls and encrypted connections for further privacy.
- Fees when depositing and cashing out from your betting account
- Some delays when withdrawing may occur
Frequently Asked Questions
Do betting sites support PayPal payments?
Yes, almost all leading bookmakers support PayPal as a payment gateway.
How come I cannot withdraw from my bookie using PayPal?
Most bookies will only show PayPal as an option for withdrawal if you used this method for deposit first.
What are the fees bookmakers charge for PayPal?
The charges of the bookies vary, but PayPal charges 2.9% rate for transfers to other accounts.
Can I use PayPal for betting sites in the USA?
This will be possible to all licensed bookmakers that have the right to operate on the territory of the US.
Is it Worth Betting with PayPal?
We highly recommend PayPal as a payment method on betting sites. The advantages of this e-wallet are plenty. Couple this with a trustworthy brand, and you will clearly see why more and more punters opt for this banking option. What is more, PayPal can be used for buying and selling online, along with playing on bookmakers’ sites. This is why we believe it is worth betting with PayPal!