Best Paypal Betting Sites
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 it’s 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 wasn’t 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.
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.
Top bookmakers that accept PayPal deposits
Can I Claim a First Deposit Bonus with PayPal?
We’ve mentioned in the introduction that PayPal isn’t 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 won’t 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 won’t 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.
And since the first deposit bonus is up for grabs, there’s 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.
How to Deposit with PayPal?
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 you’re not sure where to place your bets, you’ll also find lots of suggestions of top online bookmakers on this page. Also, we’re going to cover the step-by-step procedure of creating a new Skrill account in the following paragraphs. For now, let’s check out the simple steps of making a successful PayPal deposit:
- Use your login credentials to access the online sportsbook
- Once logged in, in the top part of the screen you should look for a button called My Account / Cashier / Deposit / Banking – each bookmaker names this section the way it sees fit
- Click on this button once you’ve identified it and. in the new window that opens, choose PayPal
- Next, enter the amount you wish to deposit and click on the button that takes you to the next step
- You will be redirected to the PayPal login page where you will use the username and password to access the account and authorize the payment
- Once authorized, the funds are instantly transferred to your online sports betting account
How to Make a Withdrawal on PayPal?
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. It’s time to request a withdrawal and we’ve covered the procedure for this part as well. We’re 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 “Withdrawal”, 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.
That’s all you need to do to get your funds back via PayPal. Since it’s one of the fastest withdrawal methods for online betting, you can expect the funds in under 30 minutes since the bookmaker processed your withdrawal. It’s good to know that online sportsbooks have different withdrawal processing times, that’s 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.
How to Sign Up for PayPal?
We promised we’re going to cover the procedure for creating a new PayPal account and that’s exactly what we’re 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. Here’s what you will need to do:
- Access https://www.paypal.com/ in your browser
- Click on the “Sign Up” button situated in the upper-right corner
- In the next screen, you will have to choose between a Personal or Business account – PayPal personal is the best fit for online betting sites
- Once you click “Continue” you will be redirected to a new page where some personal details ( Country / Full Name / Email address ) are required. Here you will also choose the password for your PayPal account
- The next page is also about personal details. Here you will insert your date of birth, address, and phone number.
- Once all the fields are filled, click the “Agree and Create Account” button to finish the process
The whole process doesn’t 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 don’t support cards or any other similar scenarios.
How to Verify Your Account on PayPal?
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:
- Login using your credentials
- Click on “Summary” on top of the screen
- Scroll down and click on “Shee how much you can send with PayPal”
- A new window will open where you can see all the active limits and also a button that starts the verification process
- Click on “Get Verified” to begin the process
- Next, you will be asked to link your bank account or debit card with PayPal. Type your IBAN for adding an account or the card details when adding a card. PayPal will automatically charge your account with a small amount and you will be asked to type that exact amount to finish the process.
Are there any fees for Using Paypal?
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. Here’s a list with the PayPal transactions and the fees they involve:
- Sending a domestic payment between PayPal accounts – Free
- Receiving a domestic payment – 3,40% + Fixed Fee ( €3,99 )
- Withdrawing from your PayPal balance to your bank account – Free
- Withdrawing from your PayPal balance to a card – 1% ( minimum €0.25 – maximum €10)
- Adding funds to your PayPal account from a bank account or via Trustly – Free
- Adding funds to your PayPal account via cash at supported stores (the US only) – $3,95
PayPal History and Core Markets
Many people in the world link PayPal’s success with the image of Elon Musk and that’s 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.
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