PayPal has become one of the most popular banking methods to withdraw and deposit money at online sports betting sites. It is also an acceptable payment method at hundreds and hundreds of online shops, so you can see why it has become so popular. What are the betting sites that use PayPal? Well, read the following free review and will be revealed to you in time.
What Are the Betting Sites That Accept PayPal?
Top 10 Paypal betting sites:
- paddy power
- william hill
What will you learn on the "Paypal betting site" page?
Why Make Use of PayPal Betting Sites UK?
Everything in this life has its advantages and disadvantages, and PayPal is no exception to this rule. Below we are going to take some time to have a quick look at main advantages and disadvantages of PayPal betting sites UK, so that you will be able to get a clear understanding as to whether PayPal is the best payment method for you.
Here are the main advantages of using PayPal as your main payment method at an online sports betting site:
Really easy to use: Whether you want to deposit some money in your sportsbook account so that you can bet on sports, or withdraw some winnings that you have win while sport betting to treat yourself, you will surely be after a method of payment that is easy to use. PayPal definitely fits into this category – you will be able to get to grips with it in a matter of minutes. You will know everything you need to know about it in a matter of days.
No fees: When you are depositing money into your bookmaker account or withdraw winnings, you will usually not be charged anything by the bookmaker. This is very good as it means that if you go ahead and deposit £50, you will get the full £50 to place some bets with. Some gambling sites will charge their customers a small fee for depositing or withdrawing money using PayPal, but these are quite rare. However, there will be fees from PayPal’s side, but we will speak about these a bit later on.
Most bookmakers accept PayPal: Just like with Neteller and Skrill, PayPal is one of those methods of payments that is accepted at most sports betting sites and casinos that you will come across. This is great because it means that if you go ahead and decide to open an account with a few different bookmakers, you can deposit and withdraw cash from your separate accounts without the need to set up a few different payment methods. Convenience is always great, and you cannot get more convenient than this.
Here are the main disadvantages of using PayPal as your method of payment at online betting sites:
Often not eligible for the Welcome Bonus: Before you start using a bonus you should always take a few minutes to read the T&Cs that apply. When you do this regularly, you will soon realise that it is often stated that those who make an initial deposit using PayPal will not be able to claim the Welcome Bonus. The reason for this is that Welcome Bonuses are things that customers are allowed to use only once, but over the years fraudsters have opened multiple accounts in order to get multiple bonuses, and many of them were using PayPal for their nefarious activities. Therefore, bookies and casinos often exclude PayPal users from qualifying their deposit bonuses protect against fraud. However, bookmakers such as Paddy Power, Unibet, and Coral are exceptions.
Fake emails: Those who have an account with PayPal will often receive fake emails from people who claim to be PayPal affiliates. They will then try and get you to hand over your PayPal information. We must stress that this has nothing to do with PayPal, but we thought that it would be good to let you know anyway so that you can remain vigilant.
There is no live chat: If you have an issue that you need to get resolved quickly, then you can get in touch with PayPal via email or telephone. Unfortunately, there is not a live chat option which is quite the shame as this is usually the fastest way to get any issues resolved. If you do end up with an issue, we recommend that you read the FAQ section before getting in touch with a PayPal customer care agent.
Are Betting Sites That Use PayPal Secure?
If you decide that PayPal is the best payment method for you, then you can rest assured that your personal data and money are perfectly safe. Why is this? Well, to begin with, you will not have to hand over your bank details to the sports betting site that you play at as everything is done through PayPal. Therefore, you only have to trust PayPal and you can definitely trust them as they use new and top-quality encryption technology to make sure that none of money or personal data gets into the wrong hands. Furthermore, if a cybercriminal does manage to enter your account (the odds of this actually happening are really low), any money that is stolen will be reimbursed by PayPal.
Furthermore, for added security, you will need to verify your PayPal account before you will be able to receive payments. This is so that you can prove your identity. So, how is it exactly that you go about verifying your PayPal account? Well, we have explained everything that you need to know below. As you will see, it is different to the verification processes for Skrill and Neteller.
- Log into your account and click “Add Card”
- Enter your card details correctly and then PayPal will deduct a small cash value from your bank account
- Wait a day or so and then enter your bank account and look at your transactions. You should see the small sum that PayPal took from your account. Log into your PayPal account and enter this sum in the box provided
- If you have entered the value correctly then your account will be verified, and all restrictions will be lifted. PayPal will give you back the money that they took, so you will not be losing any cash
We are aware that verification processes can be quite annoying, but at the end of the day it is there for your own safety. If PayPal did not have this verification process in place, someone could steal your identity, open a PayPal account, and use it for fraudulent activity. Trust us when we say that you do not want this to happen.
Therefore, as you can see from the above, betting sites that take PayPal are completely secure.
What is PayPal?
PayPal has been around since 1998, but it was originally a company that developed quality security for portable devices. In 1999, they decided to move away from the security market and entered the money transfer business. In 2000, they merged with X.com, which was an online banking company owned by Elon Musk. In 2001, they changed their name to PayPal and the following year PayPal opened its virtual doors to the public.
At the time of writing this review, there were around 325 million people in the world with a PayPal account. They are constantly using the latest technology to improve their e-Wallet and provide their users with a better experience.
How to Open a PayPal Account in the United Kingdom
So, you feel that PayPal is the payment method for you, but how do you go about opening an account? Well, you will be glad to hear that it is an easy process. We have explained how to do so in the simple steps below.
- Open PayPal on your mobile or desktop device and click the “Sign Up” option that is located at the top right of the page. This will initiate the signing up process
- You will then have to choose between an “Individual” or “Business” account. You will want to open up the former because you are going to be placing sports bets, not running a business
- You will be asked to enter your email and then make a strong password. You need a strong one so that you can lower the odds of someone else gaining access to your account. The country should already say the United Kingdom, but if it does not, choose it from the available drop-down list
- Next you will be requested to hand over personal information such as your name and surname, your address, and your mobile number. You then have to confirm that you have taken the time to read the T&Cs
- You will then be asked to enter your credit or debit card details. You do not have to do this right away, but you will need to at some point as this is how you verify your account
Fees and Commission for Using PayPal
When you are deciding which payment method is the best for you, you should always have a look at the different charges that apply. With PayPal there are transfer fees and exchange fees. We will take a closer look at these now.
Transfer fees: If you have funds in your PayPal account and you want to withdraw them to your bank account then there will a min 2-euro fee for most countries. However, you will be happy to know that if you are in the United Kingdom then this fee will not apply to you.
Conversion fees: If you send money to someone and the money that you send has to be converted into a different currency, then there will be a fee that you will have to pay. You will have to pay anywhere between 3.75% and 4.00% depending on the currency that your money is being changed into.
N.B. We think that is it good to add here that there is no fee when you receive money from a family member or from a friend. It is also free for the person that is sending you the money. Therefore, if you get sent £100, you will receive the full £100. The only time there will be a fee is if the sender is using a different currency to the one that you are using.
UK paypal Betting Sites
Our Opinion about Betting Using PayPal
In our expert opinion, PayPal just so happens to be one of the best payment options around. Receiving and sending money is extremely easy and there are no withdrawal fees for those of us that live in the United Kingdom. Furthermore, you never have to worry about any of your personal details or money getting stolen as their security is top-notch.
Another great thing about them is that they have an app that is available on Android or iOS devices. There once was an app for Blackberry and Windows devices, but this was discontinued. The PayPal app gives you the ability to send funds to anyone in just seconds. It can also be used to buy goods.
Solenn has a PayPal account so we asked her to download it and to test it out for us. Here is what she thought of it:
However, there is one thing that might be putting you off from getting a PayPal account and that is the majority of betting sites will accept PayPal as one of their available payment methods, but many online betting sites PayPal do not accept it as a legitimate payment method when it comes to claiming the Welcome Bonus that they have on offer.
Some casino players and sports betting fans are not too bothered about whether they get to claim a Welcome Bonus on offer so long as they have plenty of markets to place bets on and competitive odds to take advantage of. However, if you are the type of gambling fan that wants to play using a Welcome Bonus, then you should choose a different banking method or register with a bookie that allows their players to claim the Welcome Bonus no matter what method of payment they are using. In this scenario, you cannot go wrong with Coral, Paddy Power, or Unibet.
What You Need to Know About Betting Sites PayPal
Here are three questions that are regularly asked about betting sites PayPal.
What Are the PayPal Betting Sites?
You will be hard pushed to find an online betting site that will not have PayPal as one of their accepted payment methods, but most of these will not allow players to claim a Welcome Bonus if they use PayPal to make their first deposit. There are some great bookies in the UK that has no issues with those that use PayPal to make their first deposits, and these are Coral, Unibet, and Paddy Power.
What is the Advantage of Betting with PayPal?
The main advantage of using PayPal is that there are plenty of betting sites that accept PayPal as a deposit or withdrawal method. To add to this, it is simple to use and you will be able to open an account within a matter of minutes.
Can I Withdraw with PayPal?
You will be happy to find out that you can make use of PayPal to withdraw funds from your PayPal sports betting site as long as the sportsbook in question has PayPal as an accepted method of payment. Withdrawing winnings from a bet will usually come with no fees attached. Once your winnings are in your PayPal account, you can then withdraw it into your bank account. Most payment methods have a small fee for this, but PayPal is not one of those.
Sheldon has a passion for writing and for sports. He is a huge fan of football (Aston Villa), rugby and cricket. As well as watching these sports, he also loves to bet on them. He hopes that the knowledge that he has gained over the years will help you to improve your sports betting experience.