Top Paypal betting sites In 2021
One of the attractions of sportsbooks is the number of payment options available. By having multiple payment methods for bettors to choose from, they can appeal to a broader target market. Although not the most-used form of payment, the e-Wallet PayPal is undoubtedly increasing in popularity.
You can use PayPal online or on a mobile device to make payments without entering your account details each time. You can place your bet from over 200 countries and regions worldwide, in any one of 25 currencies. All you need to activate a payment is your email address and password.
PayPal promises secure and quick transactions, both features that appeal to gamblers. These features could also be why this payment method is gaining ground in the industry, with more PayPal betting sites popping up.
Paypal Bookmaker Payments
It’s easy to use PayPal for bookmaker payments, but you must first set up your eWallet account to do this. Complete the online form with your personal information, link a bank account to your profile, and register your PayPal account. You may have to complete a verification process or submit documents such as a driver’s license. The verification process only applies if you’re planning to transfer large sums into your account.
Once you’ve set up your account, transfer funds from your bank, or receive money from another source into this account. You should have an existing balance in your eWallet account to use PayPal for bookmaker payments. Payments into your PayPal account are processed immediately.
If you’ve used PayPal to deposit into an account at your chosen bookmaker, you can also use it for withdrawing your winnings. You can’t receive money into this account unless you also used PayPal for depositing money. Like deposits, withdrawals are quick and easy and usually processed within 24 hours. Our Paypal Q & A at the end of this review has some more information.
Top Paypal betting sites
Paypal And Betting History
Paypal and its betting history started as a company called Confinity back in 1998 when internet companies were the hottest new trend. Its focus was on mobile software security, but further developments were around the corner. In 1999 it merged with X.com, a money transfer business with an established reputation, and Paypal was born.
PayPal became a public company in 2002. eBay bought the entity in the same year, resulting in a global spread of companies utilizing Paypal as a payment gateway. In 2009 PayPal integrated itself into the gambling industry’s payments segment. At this time, it only facilitated payments with gambling sites licensed in the UK for legal and jurisdictional reasons.
Over time, PayPal expanded into Europe, with the assistance of some larger, well-known sportsbooks like William Hill. Being linked to big-name brands gave it increased exposure that may have otherwise been hard to achieve.
Over the last decade, PayPal has rolled out as a payment option in more countries and incorporated more currencies into their offering. Its global spread now includes the United States, which seemed a tough nut to crack. Despite this, PayPal has cemented itself as one of the world’s largest eWallet providers, if not the single largest provider.
Is PayPal A Good Deposit Option At Online Betting Sites?
There are currently close to 250 million PayPal users in the world. This is a significant number of people trusting Paypal with the safety and security of their financial transactions.
The primary advantage of using PayPal for betting is security. It acts as the middleman between you and your bookmaker, and there’s no need to provide the bookies with your banking details. With SSL encryption and a team dedicated to keeping transactions and personal information safe, PayPal is a very secure payment option.
There are other advantages to making PayPal your preferred payment method. It’s free to sign up for an account and easy to use once you’ve registered, while you do not need to open an additional bank account or apply for a credit card. PayPal links to your existing bank account or card, making it a seamless transition.
If you already use PayPal as your payment method when shopping online, then it’s a natural progression to using it for deposits at bookmakers. Why start using a new payment method when you’re already familiar with this one?
A PayPal app is available to download on Android and iOS devices, meaning that you can deposit into your sportsbook account when out and about. There are very high levels of security built into the app. The app is designed to offer you confidence in its security, using features like fingerprint and two-factor authentication, fraud protection, and even the option of facial recognition.
With all these advantages and benefits, it’s easy to determine that PayPal is a good deposit option at online betting sites. Paypal’s services are somewhat like Neteller betting sites and Skrill betting sites, with these two more popular payment options.
PayPal fees for betting deposits
For many online payment methods, you would expect to have to pay a small fee. Payment options where fees are negligible or not charged at all are the most popular. This is generally the case with PayPal, as their fees for betting deposits are minimal.
In most instances, PayPal imposes fees for betting deposits and withdrawals on the betting site and not the bettor. However, there are some occasions when you do pay fees directly to the eWallet. The most common of these is when you top up your account using a debit card or credit card. A list of country-specific PayPal fees for betting deposits is available on the website and is worth checking out when you set up your account.
Rather opt to add money to your PayPal account by transferring directly from your existing bank account to avoid unnecessary charges. The only costs you may encounter are those arising from currency conversion if your bank account is in a different currency to your PayPal account.
You don’t pay any charges to PayPal when you top up your sportsbook account using an existing balance. Once you’ve deposited into your betting account via PayPal, you can withdraw your winnings back into your eWallet account. By maintaining a balance in this account, you can continually top up your betting account at no additional cost.
PayPal Q & A
If you’re looking into PayPal as an option for your betting deposits, you’re bound to have some questions that we haven’t covered. Let’s take a look at some of the frequently asked questions in this PayPal Q & A.
- Can I Use My Friend’s Account To Pay A Deposit?
No, you cannot. You must have your own PayPal account to deposit to a betting account in your name.
- Are There Any Disadvantages To Using PayPal For Online Betting?
There are a few disadvantages.
You pay charges for credit card deposits to your PayPal account.
Withdrawing money can take longer than with other eWallets.
Not all betting sites support PayPal as a payment option
It’s not yet available in all countries
- What Do I Do If I Experience Problems Using My PayPal Account?
There’s a dedicated customer service team who are available during working hours. If you experience problems after hours, you can email the support center, and the response is usually quick. The website has a comprehensive FAQ section and community site where members can share advice or ask for help. The customer service at most of the top betting sites is also a good place to go for help.
- Can I Still Claim Free Bets With PayPal?
Generally, yes, you can still benefit from bookie free bets or extra credit, but this does depend mainly on the betting site you’re using. It’s a good idea to check the terms and conditions linked to deposit methods on the sportsbook’s website before you start.
- How Quickly Can I Get My Money When I Want To Make Withdrawals?
PayPal is one of the fastest methods of withdrawing your money from your betting account. Once the bookmaker has processed the transaction on its side, your money should reflect within 24 hours. Any delay is generally down to the verification process that a bookmaker initiates for withdrawals.
If you’re considering using an eWallet to fund your betting account, PayPal is one of the best deposit options. As the first digital wallet in the world, it has significantly more experience than its competitors. It’s adjusted quickly to changing consumer needs and expanded its global footprint while maintaining reliability and security. PayPal is simple,convenient and safe, and it is one of the best payment methods for bettors.