Best PayPal Betting Sites - February 2021
There are now many betting companies that use PayPal as an accepted payment method. This has been part of the internet revolution that has transformed the way we gamble and place wagers. You can now bet on sports with PayPal, which is something you couldn’t do 10-15 years ago. This page is all about PayPal betting sites where you can discover everything you need to know about this eWallet service for deposits and withdrawals.
Besides highlighting what the best online sports betting sites that accept PayPal, we’ll take you through the pros and cons of using this payment method. There are details of new PayPal betting sites and safety tips to ensure you are protected when using this eWallet. You can even compare betting sites that use PayPal with our handy table. The reason why this is such a popular payment method is how digital and mobile friendly it is for bettors to make deposits and withdrawals with. Get the lowdown on PayPal bookmakers right here!
PayPal Betting Sites – Our Rating (Updated: February 2021)
PayPal is an electronic wallet, or eWallet for short, digital payment service that you can use for online money transfers. Founded in the USA towards the end of 1998, it was initially a subsidiary company of online bidding and sales platform eBay. It has since grown into one of the biggest eWallet services available worldwide.
PayPal can be linked to your bank account and funds transferred between them, all with the aim of making online payments easier and more secure. You must have a registered email address to have an account. There may be verification with a code sent to your mobile phone via SMS text message before a payment is authorised. This is all part of the continuing innovations of PayPal to ensure safe financial transactions online.
With the simultaneous revolution in online sports betting, this payment option naturally started to appeal to both bettors and bookmakers alike. There are now many PayPal gambling sites which accept deposits and withdrawals to and from a sportsbook betting account. The rapid progress this eWallet has made means it is arguably the most popular payment service of its type in English-speaking countries.
Pros and Cons of Depositing and Withdrawing with PayPal
As with anything, there are advantages and drawbacks to using PayPal betting for deposits and withdrawals from your sportsbook account. It is well worth reminding yourself of these
- Quick and easy to use once set up
- Internet and mobile friendly
- No fees attached to deposits and withdrawals
- Faster withdrawal times than using bank transfers or debit cards
- Some bookmaker sign up offers may be incompatible with PayPal deposits
- Additional transfer of funds needed with withdrawals to reach your bank account
- Not all online sportsbooks will accept PayPal as a deposit method
Recommended PayPal Betting Site (February 2021)
Best PayPal betting Sites
When it comes to PayPal betting sites in the UK, we have some that we like most of all. These online sportsbooks make PayPal gambling quick and easy to do, reflecting the whole ethos of eWallet services. Here are the three best PayPal betting sites out there:
Top 3 PayPal Betting Sites (January 2020)
One of the leading betting sites with PayPal deposit is 888Sport. You can use this eWallet for putting as little as £10 into your betting account. No maximum deposit amount is specified. When withdrawing via PayPal from 888Sport, the minimum you can take out is set at £3. Again, no upper limit is mentioned but the maximum withdrawal for debit cards if £25,000 per day. You won’t have to pay any fees for either making a deposit or when drawing funds out from 888Sport via PayPal. They aim to settle withdrawals using this method within 2-3 days.
As a big international online bookmaker, 888Sport have loads of offer for new and existing customers to take advantage off. From their back a winner at 4/1 or bigger and get a free bet promotion to acca insurance on football and popular US sports, global horse racing markets and custom Bet Builder and Same Game Multi features, there truly is something for everyone. 888Sport ticks all the boxes for what a sportsbook should provide and you can make the experience mobile by downloading their top-notch betting app too. 888Sport sign up offer is one of the top-value offers on the market:
Betfred are another of the best betting sites that accept PayPal, and their reputation as The Bonus King is fully justified. More on that in a moment. Through PayPal, your minimum deposit is £5.50 with no specified maximum payment. When it comes to withdrawing funds, you can take £5 out minimum. The max withdrawal via PayPal in one go is £5,000, meanwhile. Betfred will aim to have withdrawn funds to you within 48 hours using this method. You will not receive any hidden charges like fees for making a deposit or withdrawal from them through PayPal either, which is great news.
As noted above, Betfred is called The Bonus King with very good reason. Their Double Delight and Hat-Trick Heaven promos reward you with additional winnings in the event that your first goalscorer bets on football matches happen to find the net again in the same game. System bets on horse racing and greyhounds also pay additional bonuses, as well as Acca Insurance and even more. Betfred has so much to recommend it to bettors and we’re sure you will agree if you place your bets through them. Don’t hesitate to check out Betfred offers and promotions listed on our website.
At SBK, PayPal betting is very easy. You can deposit a minimum of £20 via this eWallet up to a maximum of £200 per day. The transfer of funds from your PayPal account to SBK happens instantly. On the withdrawals side, you can take out as little as £10 from your SBK betting account via this method and up to a max of £5,500 per transaction. PayPal withdrawal times are 1-2 business days and you won’t have to pay any fees. That goes for making a deposit too, so you don’t lose a single penny. PayPal is available as a payment method for mainland UK and Republic of Ireland residents only, with the Isle of Man, Guernsey and Jersey excluded.
The great thing about SBK, the sportsbook owned by Smarkets, is that is super mobile friendly with its easy-to-use betting app. Gambling on the go through this bookie could hardly be simpler. You can also follow tips and see which bettors are on hot streaks through interactive features on the SBK app. There is plenty more to recommend this platform besides it being one of the PayPal bookies, then.
PayPal Betting Sites Compared
Depositing & Withdrawing with PayPal
If you’re new to online sports betting sites that accept PayPal, or using this particular eWallet service in general, then you may need some help getting to grips with it. There is nothing to worry about. As we’ve said throughout, this is a quick and easy process to follow once you have become familiar with it. Here are lists of instructions, taking you step by step through making a deposit and withdrawals from the bookies with PayPal.
- Before you can use betting sites that accept PayPal, you will need to have a PayPal account.
- You will need a registered email address to do this, signing up at paypal.com
- You may wish to link your bank account to your PayPal so that funds can be transferred between them
- Now register with an online bookmaker, filling in personal details and creating a username and password
- You are now ready to make a deposit to your newly opened sportsbook betting account
- Select PayPal from the list of payment options available to you from the online cashier
- Enter the amount you wish to deposit into your betting account from your PayPal account
- You will now be asked to log in to your PayPal in another window or tab
- You may need to confirm authorization of the transfer by entering a verification code sent to your mobile phone via SMS text message
- Do this to finalise your deposit and it should happen instantly with funds transferred from PayPal to your betting account.
- Log in to your betting account and have a positive balance, as you won’t be able to make a withdrawal from it otherwise
- Select deposit from the cashier or list of options in the banking menu on the sportsbook
- Make sure you have PayPal selected as your preferred method of withdrawal
- Enter the amount of money that you wish to withdraw from your betting account
- You may be required to verify your identity by providing the bookmaker with proof
- Once these checks have been made, they will authorise the withdrawal of funds
- How long this takes varies from bookie to bookie with some able to complete transactions in a matter of hours, and other taking up to 3 working days
- You can then log in to your PayPal account and check your statement to see the transfer and your updated balance.
Paying with PayPal – Our Top Safety Tips
When we say that PayPal ranks among the most secure eWallet services available, it’s the truth. There are security protocols built in to all software and apps, so you know that PayPal is doing every they can to keep your money safe and secure with every single online transaction monitored. If they have grounds to suspect that fraud is taking place, there are procedures in place which they follow. It’s clear that they are working very hard to keep all customers protected, and there are some things you can do when PayPal betting just to be extra safe. Take our advice and follow these tips:
Use the PayPal Security Key
Additional layers of protection for your PayPal account are available through the Security Key. This introduces two-step or two-factor authentication to all online transactions made via this eWallet. When this is active, you will receive a unique one-time code that is sent to your mobile phone via SMS text message. No payment can be complete without the PayPal Security Key when it is turned on.
Watch Out for Phishing Emails
The only downside to the internet is that there are some people running scams out there. Keep your eyes peeled for any suspicious emails that claim to come from PayPal and ask for account details. They will never do this in any communications they have with you, so learn how to spot a scammer. Delete such emails and, if you any concerns, contact PayPal’s customer service team.
Make Sure the Sportsbook is a Secure Site
It is easy to check whether betting companies that use PayPal are taking security seriously. There will be a padlock image in the URL next to the start of the web address. If this starts with https, the s means it’s a safe platform to use. You should only be betting with full licensed online bookmakers anyway, and you’ll find those and those alone recommended here.
Even the best PayPal betting sites will offer more payment methods including other eWallet services, so there is some variety in how to fund deposits and options for making a withdrawal. In the event that the online sportsbook you’re using doesn’t have PayPal, or if you’re just curious about alternatives, here are three of the other popular eWallets:
Formerly known as Moneybookers, Skrill is a UK-based payment gateway for online transactions. They offer a range of internet payment types, including prepaid cards. Like PayPal, anyone with a registered email address can have an account and can link this to their actual bank account. You can send money overseas, buy and sell cryptocurrencies and all with just your email. Specifically designed trading, internet business and online gaming and gambling, Skrill is a solid alternative to PayPal.
Founded in Canada in 1999 just after PayPal, Neteller has been processing online gambling payments for over 20 years now. This was clearly part of its original purpose, but it has developed into an online payment platform, maintaining customers’ funds in separate trust accounts. Although restricted in the USA, that hasn’t stopped Neteller developing into a major eWallet service. You can fund your account from a huge variety of sources and there are even prepaid card services available here through NET+.
The idea of a prepaid card that you can use to make online transactions is what lies behind Paysafecard. These are vouchers, not tied to a bank account or credit or debit card with no personal information behind. You simply purchase Paysafecard vouchers to a value and then spend it online. As with other eWallet services, however, you may find that online bookmakers will not accept an initial deposit via this payment method in conjunction to get a new customer offer.
Frequently Asked Questions About PayPal Betting Sites
Can I use PayPal on betting sites?
Yes, PayPal gambling through betting sites that include it among payment options is allowed. Most online bookmakers will accept this as a payment method. There are many betting sites that use PayPal, so you need have no worries on that score.
Are there any fees when depositing or withdrawing with PayPal?
When you bet on sports with PayPal, there shouldn’t be any fees incurred whatsoever. Some online bookmakers may charge a fee themselves when you want to withdraw, but there won’t be any imposed by PayPal. Using betting sites with PayPal deposit and withdrawal options should by and large not cost you any money, though.
Can I deposit with PayPal and withdraw with another payment method?
There should be the option on PayPal gambling sites to use that for deposits and then withdraw using another payment method. As most online bookmakers have provide a range of payment options, it follows that you can deposit via one and then take money out of your betting account with another.
How long does it take to withdraw winnings with PayPal?
All PayPal bookies will have a different precise timeframe for how long it takes to withdraw funds via this method. This is because each online sportsbook has different verification processes. Broadly speaking, however, it takes between a day and 3 days to withdraw winnings via PayPal.
Can I bet with PayPal if my account is not verified?
You will not be able to bet on PayPal betting sites in the UK if your account is not verified. This is a security step taken by online bookmakers to prove your identity is genuine before allowing you to place wagers.
About the Author
Author, Betting enthusiast
Jamie Clark has been around horse racing and betting his entire life. His father and godfather ran a trackside bookmaker's pitch at Market Rasen Racecourse in Lincolnshire for many years. Jamie was Sports Editor for Coral's digital platforms between 2014 and 2017, and has since become a successful freelancer.