For online betting enthusiasts in many countries, PayPal is the go-to payment option thanks to its instant transactions, low fees, and fast withdrawals. Even though itâs not as widely available for online betting as other ewallets ( Skrill and Neteller), PayPal still enjoys a considerable market share. PayPal was founded in 1998 under the name of Confinity and six people are credited for founding the payment service. However, it wasnât until Elon Mask got involved in the project that the online payment method started to really take off. With many users adopting PayPal for their online payments, the company was made public in 2002 and shortly after sold to eBay for $1.5 billion.Â
If you want to learn everything there is to know about using PayPal for topping up your online betting account, we put together a comprehensive review. From the names of top bookmakers offering this payment option, bonuses that can be claimed, fees involved and all the way to the procedure to create a new account and verifying it, we covered everything for you.Â
âď¸ Excellent live betting offering
âď¸ Generous regular promotions
âď¸ Impressive markets coverage
âď¸ Casino Bonus on your First Deposit
âď¸ 100% Welcome Bonus
âď¸ Enhanced Odds
Weâve mentioned in the introduction that PayPal isnât as widely available for online betting as other ewallets. And while that can be considered as a disadvantage for this payment option, it has plenty of aces up its sleeve. For example, there are far fewer online bookmakers that wonât issue a first deposit bonus for a PayPal deposit. You may already know that deposits made with Skrill or Neteller are usually exempted from getting the welcome offer, over fears of fake details being used. Well, PayPal users wonât have to deal with this situation that often. While not all online sportsbooks will issue a first deposit bonus, the verification system of PayPal is considered to be better at making sure valid data was used. So, you will be able to enjoy all the bonus offers at more online betting sites compared to the other ewallets we mentioned above.Â
And since the first deposit bonus is up for grabs, thereâs no reason to worry about not being able to claim other bonuses offered by bookmakers. All reload bonuses or other customized offers sent by the bookmakers will also be available for you.Â
The steps of making a deposit at the online betting site of choice are pretty straightforward. For describing this process, we are going to assume that you already have a PayPal account and you also made your choice regarding the online bookmaker. However, if youâre not sure where to place your bets, youâll also find lots of suggestions of top online bookmakers on this page. Also, weâre going to cover the step-by-step procedure of creating a new Skrill account in the following paragraphs. For now, letâs check out the simple steps of making a successful PayPal deposit:
After making the deposit, you used the funds and placed the bets that had the best winning chances. If your prediction turns out to be correct, you win the bet and have a consistent amount in your account. Itâs time to request a withdrawal and weâve covered the procedure for this part as well. Weâre not going to do a step by step guide for this one since the process has plenty of similarities to making a deposit. However, what you should know is that you need to access the cashier once again, click on âWithdrawalâ, insert the amount you wish to cash out and then select PayPal once again. Some online bookmakers will remember your PayPal account from when you made the deposit, others will ask for the email address associated with your PayPal. Insert the email address and confirm the withdrawal.Â
Thatâs all you need to do to get your funds back via PayPal. Since itâs one of the fastest withdrawal methods for online betting, you can expect the funds in under 30 minutes since the bookmaker processed your withdrawal. Itâs good to know that online sportsbooks have different withdrawal processing times, thatâs why you should always play at the ones that keep this period to a minimum. The bookies recommended on this page are guaranteed to handle withdrawals with utmost importance and speed.Â
We promised weâre going to cover the procedure for creating a new PayPal account and thatâs exactly what weâre delivering next. As you can already imagine after seeing how easy it is to use PayPal to deposit and request a withdrawal, signing up is just as facile. Hereâs what you will need to do:
The whole process doesnât take more than 2 minutes to complete and once you create the account you will be able to customize it some more or add currencies to your main one (which is automatically chosen according to the country you select. Besides providing an excellent ewallet, PayPal doubles as facilitating credit and debit card payments through its platform. By registering a PayPal account, you will be able to pay with your card through PayPal for websites that donât support cards or any other similar scenarios.
Verifying your PayPal is recommended as soon as you create the account since it will remove any kind of limitations from the account and it also has the potential of removing some of the fees. To verify your PayPal account, you need to follow these steps:
Using PayPal comes with certain fees, just like you get with any other ewallet out there. However, you should know that PayPal will never apply fees on the process of depositing funds into your online betting account, nor for withdrawing money from the bookie back to the PayPal account. Hereâs a list with the PayPal transactions and the fees they involve:
Many people in the world link PayPalâs success with the image of Elon Musk and thatâs partially true. However, Elon is only responsible for convincing the people involved in this project that PayPal should be the only online banking app they should focus on. Since eBay bought PayPal, this online payment option made a name for itself through excellent services and millions of satisfied customers. Despite being established in the US, PayPal has conquered a lot of European markets when it comes to online transactions and betting in particular. The United Kingdom is an excellent example to back up that claim and many Western European countries rely on PayPal either as an ewallet or as a way to increase safety for credit card transactions.
âď¸ Excellent live betting offering
âď¸ Generous regular promotions
âď¸ Impressive markets coverage
âď¸ Casino Bonus on your First Deposit
âď¸ 100% Welcome Bonus
âď¸ Enhanced Odds
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