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What is the PayPal payment system?
The PayPal system is actually owned by eBay and is an online payments system and is a method offered by some of the best bookmakers. It is an alternative to using debit card to pay for products and services online, and also an alternative to using cheques offline. You can also send money to private individuals as well as companies. Many people use it as an alternative to BACS transfers. It should be noted, however, that certain fees apply in certain circumstances but this is clearly explained on the PayPal website. In order to use PayPal, you will need to register for an account and register your debit card or current bank account details. You will then be able to add and withdraw money to your PayPal account which you can use to fund your bookmaker’s account. You can also add funds to PayPal from other sources, for example, if you sell on eBay.
Bookmaker Bonuses in the UK for PayPal Users
Several Bookmakers in the UK have initial welcome bonus offers that are available for players that use PayPal. Many of these are industry-leading bookmakers and all have the necessary regulatory licenses. One of the best betting bonuses for new customers come from 888 Sport, who will give you £40 in free bets when you bet £10. Coral, another highly respected bookmaker will give users £20 in free bets when they bet £5. William Hill will give you £30 in free bets when you bet £10. These are all great opportunities to take advantage of and is worth noting that all these free bets bonuses can be used on esport betting as well.
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How to Register and Verify as a PayPal User
To register you first need to search for PayPal using your favourite search engine. Once you get to the PayPal website click on ‘Register’ and make sure that the page you are on is secure, making sure that the padlock icon is showing either in your address bar or the bottom of the browser. You can then enter your personal details, your current account details and a debit card of your choice knowing that your information is being held securely. Once you have done this, you will be prompted to verify your account to make sure that the details you have entered are correct. To do this, follow the instructions in the registration process. This will involve PayPal depositing and withdrawing small payment amounts into your current account and you entering reference numbers for these transactions into the box where prompted on PayPal. Once you have been through this process you will be ready to start using your account.
How to Deposit and Withdraw Money Using PayPal
The easiest of all bookmakers deposit methods is by using your PayPal account details directly on the bookmaker’s website. When you go to the deposit section of your bookmakers account you will see the PayPal symbol. If you click on that you will be prompted to enter your PayPal account details and the amount you wish to deposit which should be more than the required minimum deposit amount. This will then take payment from your nominated bank account linked to PayPal if your PayPal account is 0. However, you will be able to directly deposit money from PayPal if your PayPal account is in credit. It could be in credit from previous winnings or from eBay sales, for example. You can withdraw in much the same way via your bookmaker’s account. This will send the balance to your PayPal account which you can then withdraw to your bank account or send to another person.
Is PayPal a safe way to deposit money with UK Betting Sites?
PayPal is a well-known e-commerce facility and it allows its customers to carry out online money transfers. PayPal allows you to transact quickly and securely, and it has become one of the best online payment providers worldwide. PayPal is a safe method since it offers an extra layer of security unlike other payment methods. This means that punters who would like to use PayPal for their deposits and withdrawals should rest assured that their funds are secure. PayPal has incorporated security protocols that ensure all customers are protected. All transactions are monitored every 24 hours with an aim to combat fraud cases. With such measures in place it is safe to conclude that PayPal is a safe way to deposit money into your UK betting account. But to be on the safe side, every punter should double-check the safety of the bookmaker they are betting at.
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How Long Do Deposits and Withdrawals with PayPal Take?
PayPal is one of the best online payment methods and it ensures payments are made within the shortest time possible. PayPal only accepts the top-rated sports betting sites and as a result, they offer the best services to punters when it comes to making deposits and withdrawals. Deposits made via PayPal get processed instantly while withdrawals might take 24-48 hours to get processed. For about 90% online bet sites with PayPal deposits are instant while on the other hand punters have to be a little bit patient when it comes to withdrawals. Some bettors might not understand why withdrawals aren’t instant like deposits and there might be a simple explanation. These two processes are not the same and making a withdrawal involves several procedures which might take longer to process. A good sportsbook is one that offers instant deposits and minimum processing time for withdrawals such as 24 hours.
Mobile Betting with PayPal
Mobile betting has become a trend in the online gambling industry. To make mobile betting more interesting, bookies have to incorporate all their services on their sites. This means that punters can bet on the go and use PayPal to make payments. PayPal is a very convenient payment method and that is why it is an appealing way to pay and play on your mobile device. All PayPal betting sites have a mobile website or a mobile app which allows punters to bet on their favourite sports at any time. So, punters can easily deposit money from their PayPal accounts into their betting account on their mobile devices. On the other hand, if they want to withdraw their funds, they can easily do this via their mobile betting site or app. For faster and easier transactions, you can download the PayPal mobile app to keep your finances on check.
PayPal Alternatives for Betting Online
While PayPal stands out as one of the best online e-commerce payment method, there are plenty of alternatives that can be used for payments at online gambling sites. Whether you think PayPal is not a good option for you or you simply want to explore other banking options there are various options in store for you. Here are some of the widely used banking options:
Neteller – This is another favourite payment option among sports betting sites and consumers. Neteller is an e-wallet that offers punters instant online payments.
Skrill – An e-wallet that lets bettors make fast and secure online payments.
EcoPayz – Although this method might not be popular like Skrill and Neteller, it prides itself on fast, simple and secure payments. Making a min deposit to a betting account through EcoPayz is very easy and withdrawals take a short time to get processed.
Paysafecard – Punters can use a paysafecard prepaid card to make online payments on sports betting sites. However, most bookmakers do not allow withdrawals via this method.
Pros & Cons of Using PayPal
- Instant Deposits - Just like mentioned before, deposits made via PayPal are instant and apart from that, making a deposit is quite simple. All you have to do is log in to your betting account, choose PayPal as the deposit method, and enter the amount you would like to deposit. After this, log in to your PayPal account and authorise the transaction and the funds will be disbursed to your betting account immediately.
- Easy to Register - One of the main advantages of using PayPal is that the registration process takes a few minutes. For you to be able to use PayPal to make online betting payments you have to register for a PayPal account. Once a PayPal account has been created deposits and withdrawals can be made immediately since there is no waiting time.
- Flexibility - PayPal is an easy-to-use online deposit method that offers its users convenience. PayPal offers flexibility in the sense that customers can clearly see what they are depositing and withdrawing. Apart from that, you can accumulate your winnings and withdraw them as a lump sum since PayPal offers great limits.
- Safe and secure - PayPal ensures there is maximum security when it comes to transactions between the bookmaker and the customer’s bank account through various security protocols they’ve put in place.
- Charges - One of the main cons of using PayPal for betting sites deposits is that there are fees on every deposit you make. Due to this, PayPal might not be one of the cheapest payment methods to make deposits into your betting account. However, these charges are only applicable to users making payments via credit cards. For users who attach their bank account to their PayPal account do not incur any charges for making deposits. Mostly deposits get charged a 3% fee but only if you use a debit or credit card.
- Missing out on Promotions - Another disadvantage is that some promotions don’t apply to PayPal users. You can check the Terms and Conditions of each promotional offer on your bookmaker. A good way to enjoy such an offer is by temporarily switching the payment method from PayPal to another banking method. You can switch back to using PayPal once you have already cashed out the winnings.
PayPal Betting Sites FAQs
Which is the best PayPal betting site?
There are various bookies that accept PayPal as a payment method. But something to note is that some bookies and punters view PayPal as an expensive payment method and that is why there are quite a number of operators that don’t offer this payment method. However, as much as there are various sports betting sites that accept PayPal only a few can be branded as the best PayPal betting sites. A good PayPal betting site will stand out among all the others because of several reasons such as deposit and withdrawal limits. The best betting site Paypal is available on should have a wide range of limits with low minimum requirements and high limits. Such a site should also offer instant deposits and withdrawals should take a short processing time ranging from a few hours to 24 hours. Therefore, any betting site that meets such standards can be referred to as the best betting site.
What online betting sites accept PayPal?
PayPal has become a very popular payment method in the online gambling industry. Many bookmakers accept PayPal as a payment option. From the topics discussed above it is notable that PayPal offers both convenience and security when it comes to online betting. Therefore, any betting site that acknowledges this fact and has PayPal as a payment option should be among the list of best sports betting sites. By incorporating PayPal in their list of payment options, bookies ensure punters can easily fund and withdraw from their account within minutes. Here is a list of the top best online gambling sites that accept PayPal:
- William Hill
- Paddy Power
Do all betting sites accept PayPal?
The majority of top-rated online sports betting sites accept PayPal as payment method. If you have already gone through this review you will definitely appreciate the fact that PayPal is one of the best online payment methods and any punter would like to use such a great service. However, the main question is whether all online betting sites accept PayPal. Well, the answer to this question is no, not all bookmakers will have PayPal as an available deposit method. PayPal only allows transactions to sites that are fully licensed. Generally, PayPal is acceptable in the UK but the services are only available to online betting sites that are fully licensed by their jurisdictions. Again, not all online betting sites accept PayPal because of personal operator preference. Some operators might choose other payment options and exclude PayPal. So before joining a betting site you should check whether they accept PayPal as a payment method.
Do I need to verify my PayPal account before depositing at betting sites?
PayPal has made it a MUST for you to complete their verification process before you use their services to fund your betting account. The main reason behind the strictness is so that they can prevent fraud. To start depositing real money funds into your betting wallet via PayPal you have to register and complete the verification process. The registration process takes a few minutes as well as the verification process. The verification process involves you proving that you are the account owner. All you have to do to verify your account it to send some documents to the PayPal customer services and once they prove you are the owner you can now start making deposits and withdrawals.
Can I claim bonuses with PayPal deposits?
The best bookmakers offer their existing and new customers a variety of free bet bonuses and promotions. Most of these online sportsbooks have capitalised on the Welcome bonus feature which is an amazing choice when it comes to attracting new customers. However, only a few online betting sites have bonuses and free bet promotions for existing customers. Since most PayPal betting sites offer a welcome bonus, new customers should take advantage of this maximally. All you have to do is find a betting site with Paypal as an available deposit method, sign up for an account, make a first deposit using PayPal and claim your bonus. It is important that you read the Terms and Conditions regarding any free bets bonuses offered on the bookmaker.
Are there any fees?
This is a very common question that many punters ask about various payment options. The answer to this question is yes, there are fess charged when customers use PayPal. Basically, there are two main ways a punter can get charged a fee; from PayPal itself and from the betting site. The good thing is that the fees charged are not high which makes PayPal an almost-free service. PayPal offers customers a range of fees for depositing and receiving money. However, punters on some betting sites do not get charged any fees by PayPal. Instead, PayPal chooses to charge the operator. Note that PayPal will charge about a 2.9-3% fee for any deposits made using a credit or debit card. But deposits made through a bank account are not subject to any charges.
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